NPORT-P
    false
    
      
      
        
          0000813900
          XXXXXXXX
        
      
      
      
      
        S000026016
        C000098957
        C000078085
      
      
      
    
  
  
    
      PACIFIC SELECT FUND
      811-05141
      0000813900
      549300KH2YJL0X2VEL27
      700 NEWPORT CTR DR
      P O BOX 7500
      NEWPORT BEACH
      
      92660
      949-219-3233
      Real Estate Portfolio
      S000026016
      549300DXKXYSQ6CLGU02
      2022-12-31
      2022-03-31
      N
    
    
      592583206.63
      456571.46
      592126635.17
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      N
      
        
          
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        STORE Capital Corp
        5493004EA6C9IHDZ7N66
        STORE Capital Corp
        862121100
        
          
        
        355893.00000000
        NS
        USD
        10402752.39000000
        1.756845879262
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Welltower Inc
        T6IZ0MBEG5ACZDTR7D06
        Welltower Inc
        95040Q104
        
          
        
        94175.00000000
        NS
        USD
        9053984.50000000
        1.529062190793
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MGM Growth Properties LLC
        549300E2UGIBHWE12262
        MGM Growth Properties LLC
        55303A105
        
          
        
        173041.00000000
        NS
        USD
        6696686.70000000
        1.130955154225
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DR Horton Inc
        529900ZIUEYVSB8QDD25
        DR Horton Inc
        23331A109
        
          
        
        91737.00000000
        NS
        USD
        6835323.87000000
        1.154368586719
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ventas Inc
        ORQTRC074CWLT3DKHT41
        Ventas Inc
        92276F100
        
          
        
        472302.00000000
        NS
        USD
        29169371.52000000
        4.926204934460
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Regency Centers Corp
        529900053A7X7FJ97S58
        Regency Centers Corp
        758849103
        
          
        
        189535.00000000
        NS
        USD
        13521426.90000000
        2.283536341194
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CubeSmart
        N/A
        CubeSmart
        229663109
        
          
        
        250465.00000000
        NS
        USD
        13031693.95000000
        2.200828872739
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sun Communities Inc
        549300H5GEOJYN41ZG57
        Sun Communities Inc
        866674104
        
          
        
        129170.00000000
        NS
        USD
        22642209.30000000
        3.823879547911
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Prologis Inc
        529900DFH19P073LZ636
        Prologis Inc
        74340W103
        
          
        
        274312.00000000
        NS
        USD
        44295901.76000000
        7.480815610884
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        American Homes 4 Rent
        549300ZJUO7A58PNUW40
        American Homes 4 Rent
        02665T306
        
          
        
        521010.00000000
        NS
        USD
        20856030.30000000
        3.522224649464
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fixed Income Clearing Corp
        549300H47WTHXPU08X20
        FIXED INC CLEARING CORP.REPO
        000000000
        
          
        
        6406884.53000000
        PA
        USD
        6406884.53000000
        1.082012554317
        Long
        RA
        CORP
        US
        N
        
        2
        
          Repurchase
          
          N
          0.00000000
          2022-04-01
          
            
              6558600.00000000
              USD
              6535028.37000000
              USD
              UST
            
          
        
        
          N
          N
          N
        
      
      
        DiamondRock Hospitality Co
        529900KKD4BPVBUAQ734
        DiamondRock Hospitality Co
        252784301
        
          
        
        438192.00000000
        NS
        USD
        4425739.20000000
        0.747431197505
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Terreno Realty Corp
        N/A
        Terreno Realty Corp
        88146M101
        
          
        
        152424.00000000
        NS
        USD
        11286997.20000000
        1.906179612534
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        InvenTrust Properties Corp
        5493006BQYSOBYVUFA03
        InvenTrust Properties Corp
        46124J201
        
          
        
        217184.00000000
        NS
        USD
        6684923.52000000
        1.128968555532
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        American Tower Corp
        5493006ORUSIL88JOE18
        American Tower Corp
        03027X100
        
          
        
        65518.00000000
        NS
        USD
        16459431.96000000
        2.779714841787
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alexandria Real Estate Equities Inc
        MGCJBT4MKTQBVLNUIS88
        Alexandria Real Estate Equities Inc
        015271109
        
          
        
        100627.00000000
        NS
        USD
        20251183.75000000
        3.420076474719
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Brandywine Realty Trust
        5UZ46ZCYUFYYAC0DS831
        Brandywine Realty Trust
        105368203
        
          
        
        127106.00000000
        NS
        USD
        1797278.84000000
        0.303529470428
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        American Assets Trust Inc
        N/A
        American Assets Trust Inc
        024013104
        
          
        
        51503.00000000
        NS
        USD
        1951448.67000000
        0.329566101926
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Public Storage
        549300LMZF40TKJ6DM64
        Public Storage
        74460D109
        
          
        
        38591.00000000
        NS
        USD
        15061295.48000000
        2.543593647949
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Marriott Vacations Worldwide Corp
        549300WA6BT5H4F7IO94
        Marriott Vacations Worldwide Corp
        57164Y107
        
          
        
        54706.00000000
        NS
        USD
        8627136.20000000
        1.456974857670
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Broadstone Net Lease Inc
        549300U8D7PT70B49V21
        Broadstone Net Lease Inc
        11135E203
        
          
        
        360513.00000000
        NS
        USD
        7851973.14000000
        1.326063155011
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sabra Health Care REIT Inc
        549300E3BC7GU7TAZ621
        Sabra Health Care REIT Inc
        78573L106
        
          
        
        541653.00000000
        NS
        USD
        8065213.17000000
        1.362075726872
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First Industrial Realty Trust Inc
        N/A
        First Industrial Realty Trust Inc
        32054K103
        
          
        
        241492.00000000
        NS
        USD
        14950769.72000000
        2.524927748894
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Essex Property Trust Inc
        549300TR2H2VEFX0NC60
        Essex Property Trust Inc
        297178105
        
          
        
        78858.00000000
        NS
        USD
        27243861.84000000
        4.601019481614
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AvalonBay Communities Inc
        K9G90K85RBWD2LAGQX17
        AvalonBay Communities Inc
        053484101
        
          
        
        129012.00000000
        NS
        USD
        32042710.44000000
        5.411462436713
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Apple Hospitality REIT Inc
        549300EVZAR0FBZO4F16
        Apple Hospitality REIT Inc
        03784Y200
        
          
        
        344218.00000000
        NS
        USD
        6185597.46000000
        1.044640975865
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Healthcare Realty Trust Inc
        549300CB86LH2IOKHH22
        Healthcare Realty Trust Inc
        421946104
        
          
        
        80465.00000000
        NS
        USD
        2211178.20000000
        0.373429950396
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kilroy Realty Corp
        549300CXXI18B214UN80
        Kilroy Realty Corp
        49427F108
        
          
        
        183964.00000000
        NS
        USD
        14058528.88000000
        2.374243623741
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VICI Properties Inc
        254900RKH6RY9KCJQH63
        VICI Properties Inc
        925652109
        
          
        
        502430.00000000
        NS
        USD
        14299157.80000000
        2.414881707845
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Travel + Leisure Co
        T4VNTWMFQ7JQB65L7T35
        Travel + Leisure Co
        894164102
        
          
        
        86398.00000000
        NS
        USD
        5005900.12000000
        0.845410394106
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NETSTREIT Corp
        254900CJL0EDMEQ25Q84
        NETSTREIT Corp
        64119V303
        
          
        
        92250.00000000
        NS
        USD
        2070090.00000000
        0.349602581110
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Simon Property Group Inc
        529900GQL5X8H7AO3T64
        Simon Property Group Inc
        828806109
        
          
        
        53644.00000000
        NS
        USD
        7057404.64000000
        1.191874207444
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Healthcare Trust of America Inc
        549300L0I14L7I0VLX84
        Healthcare Trust of America Inc
        42225P501
        
          
        
        386613.00000000
        NS
        USD
        12116451.42000000
        2.046260157934
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Agree Realty Corp
        N/A
        Agree Realty Corp
        008492100
        
          
        
        112768.00000000
        NS
        USD
        7483284.48000000
        1.263797984336
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Apartment Income REIT Corp
        N/A
        Apartment Income REIT Corp
        03750L109
        
          
        
        234778.00000000
        NS
        USD
        12551231.88000000
        2.119687096392
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Medical Properties Trust Inc
        254900U6E39J1MQCCY14
        Medical Properties Trust Inc
        58463J304
        
          
        
        499763.00000000
        NS
        USD
        10564989.82000000
        1.784244989581
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PS Business Parks Inc
        N/A
        PS Business Parks Inc
        69360J107
        
          
        
        50532.00000000
        NS
        USD
        8493418.56000000
        1.434392249144
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Digital Realty Trust Inc
        549300HKCZ31D08NEI41
        Digital Realty Trust Inc
        253868103
        
          
        
        34373.00000000
        NS
        USD
        4874091.40000000
        0.823150169321
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Weyerhaeuser Co
        08IRJODWFYBI7QWRGS31
        Weyerhaeuser Co
        962166104
        
          
        
        90739.00000000
        NS
        USD
        3439008.10000000
        0.580789293326
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Extra Space Storage Inc
        N/A
        Extra Space Storage Inc
        30225T102
        
          
        
        119451.00000000
        NS
        USD
        24559125.60000000
        4.147613726740
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Rexford Industrial Realty Inc
        549300MSLO0DF0EMX355
        Rexford Industrial Realty Inc
        76169C100
        
          
        
        171036.00000000
        NS
        USD
        12757575.24000000
        2.154534939360
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Equinix Inc
        549300EVUN2BTLJ3GT74
        Equinix Inc
        29444U700
        
          
        
        46864.00000000
        NS
        USD
        34755279.68000000
        5.869568706366
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cousins Properties Inc
        5493007XPYD5EJABN062
        Cousins Properties Inc
        222795502
        
          
        
        270405.00000000
        NS
        USD
        10894617.45000000
        1.839913424409
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Equity LifeStyle Properties Inc
        529900PEQG66LENB6798
        Equity LifeStyle Properties Inc
        29472R108
        
          
        
        138670.00000000
        NS
        USD
        10605481.60000000
        1.791083354484
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Park Hotels & Resorts Inc
        5493005UZ5TQN0H6HS73
        Park Hotels & Resorts Inc
        700517105
        
          
        
        191442.00000000
        NS
        USD
        3738862.26000000
        0.631429501381
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invitation Homes Inc
        N/A
        Invitation Homes Inc
        46187W107
        
          
        
        569083.00000000
        NS
        USD
        22865754.94000000
        3.861632559973
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
      
    
    
      2022-04-28
      PACIFIC SELECT FUND
      Trevor Smith
      Trevor Smith
      Assistant Vice President
    
  
  XXXX




HTML

PACIFIC SELECT FUND

CORE INCOME PORTFOLIO

Schedule of Investments

March 31, 2022 (Unaudited)

 

 

 

   

Principal
Amount

   

Value

 

CORPORATE BONDS & NOTES - 48.1%

 

Basic Materials - 1.2%

 

Anglo American Capital PLC (South Africa)

   

2.625% due 09/10/30 ~

    $2,600,000       $2,361,195  

3.950% due 09/10/50 ~

    1,500,000       1,409,499  

4.750% due 03/16/52 ~

    1,750,000       1,829,842  

Glencore Funding LLC (Australia)
2.625% due 09/23/31 ~

    700,000       627,363  
   

 

 

 
    6,227,899  
   

 

 

 

Communications - 3.7%

   

AT&T, Inc.

   

2.550% due 12/01/33

    700,000       623,308  

3.500% due 09/15/53

    2,953,000       2,602,374  

3.850% due 06/01/60

    1,900,000       1,707,443  

Charter Communications Operating LLC/Charter Communications Operating Capital

   

3.500% due 06/01/41

    1,400,000       1,167,068  

3.850% due 04/01/61

    2,800,000       2,259,890  

Cox Communications, Inc.
1.800% due 10/01/30 ~

    1,000,000       858,941  

Expedia Group, Inc.
4.625% due 08/01/27

    2,000,000       2,081,300  

Rogers Communications, Inc. (Canada)
4.550% due 03/15/52 ~

    2,200,000       2,193,533  

Sprint Communications, Inc.
6.000% due 11/15/22

    1,000,000       1,023,740  

T-Mobile USA, Inc.

   

2.250% due 02/15/26 ~

    1,000,000       943,400  

2.250% due 11/15/31

    1,000,000       876,366  

3.375% due 04/15/29 ~

    600,000       571,500  

Verizon Communications, Inc.

   

1.680% due 10/30/30

    1,200,000       1,047,939  

3.400% due 03/22/41

    1,800,000       1,692,172  
   

 

 

 
    19,648,974  
   

 

 

 

Consumer, Cyclical - 7.2%

   

Air Canada Pass-Through Trust Class A (Canada)
4.125% due 11/15/26 ~

    1,329,657       1,293,490  

American Airlines Pass-Through Trust Class A
2.875% due 01/11/36

    975,000       883,751  

American Airlines Pass-Through Trust Class AA
3.600% due 03/22/29

    1,359,995       1,324,799  

American Airlines Pass-Through Trust Class B
3.950% due 01/11/32

    650,000       589,995  

American Airlines, Inc./AAdvantage Loyalty IP Ltd.
5.750% due 04/20/29 ~

    2,000,000       1,995,250  

British Airways Pass-Through Trust Class A (United Kingdom)

   

3.350% due 12/15/30 ~

    1,136,353       1,078,249  

4.625% due 12/20/25 ~

    680,346       684,172  

British Airways Pass-Through Trust Class AA (United Kingdom)
3.300% due 06/15/34 ~

    2,693,266       2,553,730  

Continental Airlines Pass-Through Trust Class A
4.000% due 04/29/26

    1,202,387       1,200,505  

Delta Air Lines Pass-Through Trust Class AA
3.625% due 01/30/29

    286,883       284,622  

Delta Air Lines, Inc./SkyMiles IP Ltd.
4.500% due 10/20/25 ~

    2,000,000       2,013,193  
   

Principal
Amount

   

Value

 

Ford Motor Credit Co. LLC

   

2.300% due 02/10/25

    $ 325,000       $ 308,860  

2.900% due 02/16/28

    1,800,000       1,630,611  

3.375% due 11/13/25

    1,050,000       1,027,457  

4.542% due 08/01/26

    1,550,000       1,550,310  

Genting New York LLC/GENNY Capital, Inc.
3.300% due 02/15/26 ~

    900,000       852,377  

Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc
4.875% due 07/01/31 ~

    1,450,000       1,349,624  

International Game Technology PLC
4.125% due 04/15/26 ~

    2,500,000       2,473,037  

Kohl’s Corp.
3.375% due 05/01/31

    1,750,000       1,692,148  

Lowe’s Cos., Inc.
4.450% due 04/01/62

    1,500,000       1,563,483  

Magallanes, Inc.
5.050% due 03/15/42 ~

    1,250,000       1,277,629  

Marriott International, Inc.
3.500% due 10/15/32

    1,750,000       1,668,981  

Meritage Homes Corp.
3.875% due 04/15/29 ~

    1,875,000       1,789,875  

MGM Resorts International
6.000% due 03/15/23

    1,200,000       1,228,638  

New Red Finance, Inc. (Canada)
3.875% due 01/15/28 ~

    1,000,000       949,380  

Six Flags Entertainment Corp.
4.875% due 07/31/24 ~

    2,500,000       2,503,000  

United Airlines Pass-Through Trust Class A
2.900% due 11/01/29

    372,033       338,454  

United Airlines Pass-Through Trust Class AA
4.150% due 02/25/33

    597,249       604,806  

US Airways Pass-Through Trust Class A
4.625% due 12/03/26

    947,587       914,582  
   

 

 

 
    37,625,008  
   

 

 

 

Consumer, Non-Cyclical - 5.6%

   

AmerisourceBergen Corp.
2.700% due 03/15/31

    3,500,000       3,239,475  

Amgen, Inc.

   

3.150% due 02/21/40

    1,250,000       1,145,704  

4.200% due 02/22/52

    700,000       726,238  

Anheuser-Busch InBev Finance, Inc. (Belgium)
4.000% due 01/17/43

    2,500,000       2,467,040  

Anheuser-Busch InBev Worldwide, Inc. (Belgium)
5.450% due 01/23/39

    2,500,000       2,928,790  

BAT Capital Corp. (United Kingdom)
5.650% due 03/16/52

    1,050,000       1,067,885  

Block, Inc.
2.750% due 06/01/26 ~

    2,000,000       1,892,800  

Centene Corp.

   

2.450% due 07/15/28

    750,000       686,269  

2.500% due 03/01/31

    1,600,000       1,414,672  

HCA, Inc.
3.375% due 03/15/29 ~

    1,750,000       1,705,037  

Humana, Inc.
3.950% due 03/15/27

    1,000,000       1,017,342  

JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
3.000% due 05/15/32 ~

    1,650,000       1,488,523  

Kraft Heinz Foods Co.
4.375% due 06/01/46

    3,700,000       3,668,143  

Sysco Corp.
3.150% due 12/14/51

    900,000       769,758  

Universal Health Services, Inc.

   

2.650% due 10/15/30 ~

    2,000,000       1,818,573  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

1


PACIFIC SELECT FUND

CORE INCOME PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal
Amount

   

Value

 

2.650% due 01/15/32 ~

    $ 1,050,000       $ 945,429  

Viatris, Inc.
3.850% due 06/22/40

    2,750,000       2,385,633  
   

 

 

 
    29,367,311  
   

 

 

 

Energy - 4.6%

   

Cheniere Corpus Christi Holdings LLC
2.742% due 12/31/39 ~

    1,900,000       1,656,840  

Cheniere Energy Partners LP
4.500% due 10/01/29

    1,500,000       1,509,278  

Diamondback Energy, Inc.
4.250% due 03/15/52

    1,350,000       1,337,703  

DT Midstream, Inc.
due 04/15/32 # ~

    1,000,000       1,003,860  

Energy Transfer LP

   

4.750% due 01/15/26

    4,100,000       4,264,475  

5.000% due 05/15/44

    1,550,000       1,522,494  

6.500% due 11/15/26

    1,000,000       985,300  

Enterprise Products Operating LLC
3.300% due 02/15/53

    900,000       770,872  

Kinder Morgan Energy Partners LP
5.000% due 08/15/42

    2,000,000       2,053,174  

MPLX LP

   

4.950% due 03/14/52

    1,000,000       1,043,789  

5.200% due 12/01/47

    1,600,000       1,702,708  

6.875% due 02/15/23

    1,750,000       1,723,750  

Petroleos Mexicanos (Mexico)
6.350% due 02/12/48

    1,400,000       1,102,920  

Sempra Infrastructure Partners LP
3.250% due 01/15/32 ~

    900,000       832,532  

Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.000% due 01/15/32

    2,850,000       2,746,146  
   

 

 

 
    24,255,841  
   

 

 

 

Financial - 16.3%

   

ABN AMRO Bank NV (Netherlands)
3.324% due 03/13/37 ~

    1,000,000       910,009  

AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
3.300% due 01/30/32

    1,000,000       903,068  

Air Lease Corp.

   

3.000% due 02/01/30

    500,000       461,167  

4.650% due 06/15/26

    2,700,000       2,430,000  

Aon Corp./Aon Global Holdings PLC
3.900% due 02/28/52

    850,000       841,491  

Assured Guaranty US Holdings, Inc.
3.600% due 09/15/51

    1,150,000       997,091  

Avolon Holdings Funding Ltd. (Ireland)
2.750% due 02/21/28 ~

    3,650,000       3,252,259  

Bank of America Corp.

   

2.482% due 09/21/36

    2,500,000       2,153,347  

2.687% due 04/22/32

    2,000,000       1,842,275  

2.972% due 02/04/33

    2,000,000       1,876,134  

3.846% due 03/08/37

    1,000,000       959,016  

4.375% due 01/27/27

    1,500,000       1,413,450  

BNP Paribas SA (France)

   

2.871% due 04/19/32 ~

    2,900,000       2,643,243  

4.625% due 02/25/31 ~

    1,600,000       1,432,016  

Broadstone Net Lease LLC
2.600% due 09/15/31

    1,000,000       892,169  

Citigroup, Inc.

   

3.057% due 01/25/33

    1,500,000       1,403,096  

4.600% due 03/09/26

    3,000,000       3,115,030  

Corebridge Financial, Inc.
due 04/05/42 # ~

    750,000       755,115  

Credit Agricole SA (France)
4.750% due 03/23/29 ~

    1,500,000       1,364,895  

Fidelity National Financial, Inc.
3.200% due 09/17/51

    1,000,000       790,552  
   

Principal
Amount

   

Value

 

GLP Capital LP/GLP Financing II, Inc.
3.250% due 01/15/32

    $ 600,000       $ 545,379  

Goldman Sachs Group, Inc.

   

2.383% due 07/21/32

    1,600,000       1,420,009  

2.615% due 04/22/32

    4,000,000       3,643,721  

3.102% due 02/24/33

    1,200,000       1,132,381  

Hill City Funding Trust
4.046% due 08/15/41 ~

    1,200,000       1,009,130  

Host Hotels & Resorts LP REIT

   

2.900% due 12/15/31

    2,200,000       1,968,756  

3.375% due 12/15/29

    1,900,000       1,812,766  

HSBC Holdings PLC (United Kingdom)

   

2.871% due 11/22/32

    1,350,000       1,228,806  

4.700% due 03/09/31

    1,450,000       1,303,188  

JPMorgan Chase & Co.
2.963% due 01/25/33

    8,450,000       7,975,022  

Liberty Mutual Group, Inc.
4.300% due 02/01/61 ~

    2,650,000       2,112,580  

LSEGA Financing PLC (United Kingdom)
3.200% due 04/06/41 ~

    1,800,000       1,625,760  

Morgan Stanley

   

2.475% due 01/21/28

    2,200,000       2,100,587  

2.484% due 09/16/36

    5,100,000       4,381,003  

2.943% due 01/21/33

    3,000,000       2,816,788  

Northwestern Mutual Life Insurance Co.
3.625% due 09/30/59 ~

    1,500,000       1,365,430  

OneMain Finance Corp.

   

5.375% due 11/15/29

    1,750,000       1,703,205  

6.125% due 03/15/24

    2,100,000       2,154,946  

Piedmont Operating Partnership LP REIT
4.450% due 03/15/24

    2,000,000       2,034,989  

Standard Chartered PLC (United Kingdom)
3.603% due 01/12/33 ~

    1,000,000       926,874  

Stewart Information Services Corp.
3.600% due 11/15/31

    800,000       729,053  

Teachers Insurance & Annuity Association of America
4.270% due 05/15/47 ~

    2,000,000       2,121,681  

UBS Group AG (Switzerland)
4.875% due 02/12/27 ~

    1,500,000       1,450,800  

VICI Properties LP/VICI Note Co., Inc. REIT

   

3.750% due 02/15/27 ~

    1,500,000       1,461,225  

4.625% due 12/01/29 ~

    3,750,000       3,747,637  

Wells Fargo & Co.
4.400% due 06/14/46

    2,200,000       2,290,298  
   

 

 

 
    85,497,437  
   

 

 

 

Industrial - 3.2%

   

Allegion US Holding Co., Inc.
3.550% due 10/01/27

    2,289,000       2,253,053  

Berry Global, Inc.
4.875% due 07/15/26 ~

    2,000,000       2,022,420  

Flowserve Corp.
2.800% due 01/15/32

    2,800,000       2,481,205  

Masco Corp.
7.750% due 08/01/29

    950,000       1,153,689  

nVent Finance SARL (Luxembourg)
2.750% due 11/15/31

    2,100,000       1,890,338  

TD SYNNEX Corp.
2.375% due 08/09/28 ~

    1,750,000       1,578,682  

TK Elevator US Newco, Inc. (Germany)
5.250% due 07/15/27 ~

    1,500,000       1,485,345  

TransDigm, Inc.
6.250% due 03/15/26 ~

    771,000       792,488  

Vontier Corp.
2.400% due 04/01/28

    1,650,000       1,454,343  

Weir Group PLC (United Kingdom)
2.200% due 05/13/26 ~

    1,650,000       1,543,297  
   

 

 

 
    16,654,860  
   

 

 

 
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

2


PACIFIC SELECT FUND

CORE INCOME PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal
Amount

   

Value

 

Technology - 2.9%

 

Broadcom, Inc.
due 04/15/29 # ~

    $ 850,000       $ 849,584  

3.137% due 11/15/35 ~

    3,000,000       2,649,258  

CGI, Inc. (Canada)
2.300% due 09/14/31 ~

    1,650,000       1,441,863  

Fiserv, Inc.
3.500% due 07/01/29

    2,100,000       2,069,543  

Kyndryl Holdings, Inc.
3.150% due 10/15/31 ~

    3,000,000       2,532,333  

NXP BV/NXP Funding LLC/NXP USA, Inc. (China)
3.875% due 06/18/26 ~

    2,500,000       2,511,342  

Oracle Corp.

   

2.875% due 03/25/31

    500,000       456,669  

3.950% due 03/25/51

    2,500,000       2,193,542  

Skyworks Solutions, Inc.
3.000% due 06/01/31

    600,000       535,112  
   

 

 

 
      15,239,246  
   

 

 

 

Utilities - 3.4%

 

Dominion Energy, Inc.
4.350% due 01/15/27

    1,550,000       1,506,693  

DPL, Inc.

   

4.125% due 07/01/25

    300,000       298,341  

4.350% due 04/15/29

    1,125,000       1,103,535  

Duke Energy Progress NC Storm Funding LLC
2.387% due 07/01/39

    2,650,000       2,478,881  

Edison International
5.000% due 12/15/26

    350,000       329,350  

FirstEnergy Corp.
4.400% due 07/15/27

    1,500,000       1,512,097  

IPALCO Enterprises, Inc.
4.250% due 05/01/30

    1,000,000       1,003,244  

KeySpan Gas East Corp.
3.586% due 01/18/52 ~

    1,500,000       1,334,564  

NextEra Energy Capital Holdings, Inc.
3.000% due 01/15/52

    1,300,000       1,113,083  

NextEra Energy Operating Partners LP
4.250% due 07/15/24 ~

    1,850,000       1,875,012  

PG&E Energy Recovery Funding LLC
2.280% due 01/15/38

    1,200,000       1,060,135  

Sempra Energy
4.125% due 04/01/52

    2,350,000       2,199,827  

Southern California Edison Co.
4.000% due 04/01/47

    500,000       482,360  

Southwestern Electric Power Co.
3.250% due 11/01/51

    900,000       776,997  

Talen Energy Supply LLC

   

6.500% due 06/01/25

    750,000       189,934  

6.625% due 01/15/28 ~

    500,000       465,922  
   

 

 

 
      17,729,975  
   

 

 

 

Total Corporate Bonds & Notes
(Cost $270,024,080)

      252,246,551  
   

 

 

 

SENIOR LOAN NOTES - 14.3%

 

Communications - 0.3%

 

CSC Holdings LLC Term B
2.491% (USD LIBOR + 2.250%)
due 01/15/26 §

    987,277       971,322  

SBA Senior Finance II LLC Term B
2.197% (USD LIBOR + 1.750%)
due 04/11/25 §

    592,308       586,279  
   

 

 

 
      1,557,601  
   

 

 

 
   

Principal
Amount

   

Value

 

Consumer, Cyclical - 3.0%

 

Carnival Corp. Term B (Panama)
4.000% (USD LIBOR + 3.250%)
due 10/18/28 §

    $ 748,125       $ 732,539  

ClubCorp Holdings, Inc. Term B
3.009% (USD LIBOR + 2.750%)
due 09/18/24 §

    1,909,787       1,818,774  

Marriott Ownership Resorts, Inc. Term B
2.202% (USD LIBOR + 1.750%)
due 08/31/25 §

    1,731,949       1,691,538  

Mileage Plus Holdings LLC Term B
6.250% (USD LIBOR + 5.250%)
due 06/20/27 §

    1,000,000       1,041,875  

Restaurant Brands Co. Term B (Canada)
2.197% (USD LIBOR + 1.750%)
due 11/19/26 §

    1,804,551       1,769,363  

SeaWorld Parks & Entertainment, Inc. Term Loan B
3.500% (USD LIBOR + 3.000%)
due 08/25/28 §

    3,980,000       3,943,933  

SRS Distribution, Inc. Term B
4.250% (USD LIBOR + 3.750%)
due 06/04/28 §

    1,243,750       1,226,959  

Stars Group Holdings BV Term B (Canada)
2.694% (USD LIBOR + 2.250%)
due 07/21/26 §

    2,037,111       2,021,833  

United Airlines, Inc. Term B
4.500% (USD LIBOR + 3.750%)
due 04/21/28 §

    1,641,816       1,625,398  
   

 

 

 
      15,872,212  
   

 

 

 

Consumer, Non-Cyclical - 4.3%

 

Allied Universal Holdco LLC Term B
4.250% (USD LIBOR + 3.750%)
due 05/14/28 §

    1,243,750       1,227,684  

Bausch Health Americas, Inc. Term B
3.511% (USD LIBOR + 3.000%)
due 06/01/25 §

    5,234,247       5,199,900  

CoreLogic, Inc. Term B
4.000% (USD LIBOR + 3.500%)
due 06/02/28 §

    2,736,250       2,699,311  

Heartland Dental LLC Term B
4.441% (USD LIBOR + 4.000%)
due 04/30/25 §

    1,240,625       1,234,035  

Mavis Tire Express Services Topco Corp.
4.750% (USD LIBOR + 4.000%)
due 05/04/28 §

    2,379,008       2,367,112  

Mozart Borrower LP Term B
3.750% (USD LIBOR + 3.250%)
due 10/21/28 §

    750,000       742,967  

Pathway Vet Alliance LLC Term B
4.202% (USD LIBOR + 3.750%)
due 03/31/27 §

    3,442,843       3,414,870  

PetVet Care Centers LLC Term B3
4.250% (USD LIBOR + 3.500%)
due 02/15/25 §

    3,302,506       3,286,680  

Sunshine Luxembourg VII SARL Term B (Luxembourg)
4.500% (USD LIBOR + 3.750%)
due 10/02/26 §

    1,225,125       1,218,617  

Wand NewCo 3, Inc. Term B1
3.452% (USD LIBOR + 3.000%)
due 02/05/26 §

    875,341       851,488  
   

 

 

 
      22,242,664  
   

 

 

 

Energy - 1.2%

 

BCP Raptor II LLC Term B
5.061% (USD LIBOR + 4.750%)
due 11/03/25 §

    2,983,729       2,981,864  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

3


PACIFIC SELECT FUND

CORE INCOME PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal
Amount

   

Value

 

BCP Raptor LLC
5.250% (USD LIBOR + 4.250%)
due 06/30/24 §

    $ 1,989,394       $ 1,987,943  

DT Midstream, Inc. Term B
2.500% (USD LIBOR + 2.000%)
due 06/10/28 §

    1,496,231       1,495,998  
   

 

 

 
      6,465,805  
   

 

 

 

Financial - 1.9%

 

Acrisure LLC Term B
3.897% (USD LIBOR + 3.500%)
due 02/15/27 §

    246,851       243,519  

AssuredPartners, Inc. Term B
3.897% (USD LIBOR + 3.500%)
due 02/13/27 §

    1,221,875       1,209,083  

HUB International Ltd. Term B
3.195% (USD LIBOR + 3.000%)
due 04/25/25 §

    2,914,491       2,885,180  

NFP Corp. Term B
3.647% (USD LIBOR + 3.250%)
due 02/13/27 §

    1,531,408       1,506,045  

USI, Inc. Term B
3.504% (USD LIBOR + 3.000%)
due 05/16/24 §

    4,331,742       4,311,059  
   

 

 

 
      10,154,886  
   

 

 

 

Industrial - 1.5%

 

Filtration Group Corp. Term B
4.006% (USD LIBOR + 3.000%)
due 03/29/25 §

    3,333,148       3,289,400  

Madison IAQ LLC
3.750% (USD LIBOR + 3.250%)
due 06/21/28 §

    932       933  

Proampac PG Borrower LLC Term B
4.500% (USD LIBOR + 3.750%)
due 11/03/25 §

    1,485,037       1,456,574  

TransDigm, Inc.

 

Term E

2.702% (USD LIBOR + 2.250%)

due 05/30/25 §

    932,851       917,368  

Term F

2.702% (USD LIBOR + 2.250%)

due 12/09/25 §

    2,319,407       2,280,629  
   

 

 

 
      7,944,904  
   

 

 

 

Technology - 2.1%

 

Athenahealth, Inc. Term B
4.000% (USD LIBOR + 3.500%)
due 02/15/29 § f

    1,250,000       1,239,453  

Epicor Software Corp. Term C
4.000% (USD LIBOR + 3.250%)
due 07/31/27 §

    2,977,330       2,957,537  

Sophia LP Term B
4.000% (USD LIBOR + 3.500%)
due 10/07/27 §

    2,715,728       2,691,965  

Tempo Acquisition LLC Term B
3.500% (USD LIBOR + 3.000%)
due 08/31/28 §

    860,501       856,198  

UKG, Inc.
3.750% (USD LIBOR + 3.250%)
due 05/03/26 §

    3,214,467       3,192,368  
   

 

 

 
      10,937,521  
   

 

 

 

Total Senior Loan Notes
(Cost $75,508,062)

      75,175,593  
   

 

 

 
   

Principal
Amount

   

Value

 

MORTGAGE-BACKED SECURITIES - 2.1%

 

Fannie Mae - 2.1%

 

due 04/18/37 #

    $ 11,250,000       $ 10,927,002  
   

 

 

 

Total Mortgage-Backed Securities
(Cost $11,119,043)

      10,927,002  
   

 

 

 

ASSET-BACKED SECURITIES - 16.8%

 

Aimco CLO 11 Ltd. (Cayman)
1.371% (USD LIBOR + 1.130%)
due 10/17/34 § ~

    1,500,000       1,486,950  

AmeriCredit Automobile Receivables Trust

   

0.760% due 12/18/25

    2,400,000       2,334,225  

0.890% due 10/19/26

    1,050,000       998,123  

1.410% due 08/18/27

    1,500,000       1,404,921  

Buttermilk Park CLO Ltd. (Cayman)
1.341% (USD LIBOR + 1.100%)
due 10/15/31 § ~

    850,000       845,449  

Citibank Credit Card Issuance Trust
1.157% (USD LIBOR + 0.770%)
due 05/14/29 §

    2,000,000       1,996,004  

Dryden 55 CLO Ltd. (Cayman)
2.141% (USD LIBOR + 1.900%)
due 04/15/31 § ~

    1,000,000       985,081  

Dryden 58 CLO Ltd. (Cayman)
1.741% (USD LIBOR + 1.500%)
due 07/17/31 § ~

    1,000,000       984,598  

2.041% (USD LIBOR + 1.800%)

due 07/17/31 § ~

    1,000,000       989,658  

Dryden 61 CLO Ltd. (Cayman)
1.231% (USD LIBOR + 0.990%)
due 01/17/32 § ~

    2,250,000       2,229,553  

Dryden 64 CLO Ltd. (Cayman)
1.641% (USD LIBOR + 1.400%)
due 04/18/31 § ~

    800,000       789,960  

Ford Credit Auto Owner Trust

   

2.040% due 12/15/26

    500,000       490,794  

3.190% due 07/15/31 ~

    3,000,000       2,992,356  

Madison Park Funding XXIX Ltd. (Cayman)
1.991% (USD LIBOR + 1.750%)
due 10/18/30 § ~

    1,750,000       1,728,820  

Madison Park Funding XXVIII Ltd. (Cayman)
1.841% (USD LIBOR + 1.600%)
due 07/15/30 § ~

    1,400,000       1,382,771  

Magnetite XII Ltd. (Cayman)
1.341% (USD LIBOR + 1.100%)
due 10/15/31 § ~

    1,125,000       1,123,067  

Magnetite XIV-R Ltd. (Cayman)
1.361% (USD LIBOR + 1.120%)
due 10/18/31 § ~

    2,500,000       2,487,868  

Magnetite XXIX Ltd. (Cayman)
1.231% (USD LIBOR + 0.990%)
due 01/15/34 § ~

    1,300,000       1,287,853  

MVW LLC
1.740% due 10/20/37 ~

    208,296       201,348  

Navient Private Education Refi Loan Trust

   

0.840% due 05/15/69 ~

    393,060       375,473  

1.220% due 07/15/69 ~

    886,511       865,658  

1.310% due 01/15/69 ~

    708,830       686,750  

1.690% due 05/15/69 ~

    2,977,160       2,861,491  

2.460% due 11/15/68 ~

    460,376       442,465  

2.640% due 05/15/68 ~

    582,443       574,086  

Navient Student Loan Trust
1.057% (USD LIBOR + 0.600%)
due 12/26/69 § ~

    1,192,777       1,184,731  

1.177% (USD LIBOR + 0.720%)

due 03/25/67 § ~

    1,000,000       997,769  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

4


PACIFIC SELECT FUND

CORE INCOME PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal
Amount

   

Value

 

1.310% due 12/26/69 ~

    $ 927,716       $ 843,723  

1.320% due 08/26/69 ~

    1,234,579       1,127,693  

1.507% (USD LIBOR + 1.050%)

due 06/25/69 § ~

    858,321       863,863  

3.390% due 12/15/59 ~

    2,234,681       2,236,485  

Neuberger Berman Loan Advisers CLO 25 Ltd. (Cayman)
1.591% (USD LIBOR + 1.350%)
due 10/18/29 § ~

    1,500,000       1,480,362  

Neuberger Berman Loan Advisers CLO 40 Ltd. (Cayman)
1.301% (USD LIBOR + 1.060%)
due 04/16/33 § ~

    500,000       496,119  

Palmer Square CLO Ltd. (Cayman)

   

1.341% (USD LIBOR + 1.100%)

due 07/16/31 § ~

    1,000,000       995,213  

1.586% (USD LIBOR + 1.080%)

due 11/15/31 § ~

    4,000,000       3,975,299  

Palmer Square Loan Funding Ltd. (Cayman)

   

1.154% (USD LIBOR + 0.900%)

due 04/20/29 § ~

    1,734,611       1,728,245  

1.528% (USD LIBOR + 1.400%)

due 10/15/29 § ~

    4,800,000       4,790,775  

1.654% (USD LIBOR + 1.400%)

due 07/20/29 § ~

    2,500,000       2,500,492  

1.730% (USD LIBOR + 1.250%)

due 05/20/29 § ~

    4,000,000       3,972,924  

2.380% (USD LIBOR + 1.900%)

due 02/20/28 § ~

    600,000       594,903  

Santander Drive Auto Receivables Trust
0.750% due 02/17/26

    1,900,000       1,863,919  

SLM Student Loan Trust
0.808% (USD LIBOR + 0.550%)
due 10/25/64 § ~

    661,684       645,953  

SMB Private Education Loan Trust

   

1.070% due 01/15/53 ~

    2,271,116       2,090,254  

1.127% (USD LIBOR + 0.730%)

due 01/15/53 § ~

    5,100,000       5,020,446  

1.290% due 07/15/53 ~

    922,689       878,481  

1.680% due 02/15/51 ~

    1,337,337       1,281,328  

2.230% due 09/15/37 ~

    2,960,028       2,858,225  

2.340% due 09/15/34 ~

    365,246       360,357  

2.700% due 05/15/31 ~

    457,466       453,433  

2.820% due 10/15/35 ~

    999,524       979,206  

2.880% due 09/15/34 ~

    1,068,998       1,062,547  

3.440% due 07/15/36 ~

    1,252,863       1,255,275  

3.500% due 02/15/36 ~

    766,160       768,698  

3.600% due 01/15/37 ~

    849,996       844,390  

3.630% due 11/15/35 ~

    676,954       680,719  

SoFi Professional Loan Program Trust
2.540% due 05/15/46 ~

    955,242       942,113  

Stratus CLO Ltd. (Cayman)
1.491% (USD LIBOR + 1.400%)
due 12/29/29 § ~

    4,000,000       3,955,544  

Tiaa CLO III Ltd. (Cayman)
1.391% (USD LIBOR + 1.150%)
due 01/16/31 § ~

    1,834,000       1,828,634  
   

 

 

 

Total Asset-Backed Securities
(Cost $89,702,341)

 

    88,103,440  
   

 

 

 

U.S. TREASURY OBLIGATIONS - 15.4%

 

U.S. Treasury Bonds - 5.7%

 

1.125% due 05/15/40

    6,000,000       4,732,851  

1.250% due 05/15/50

    2,000,000       1,494,219  

1.375% due 08/15/50

    1,250,000       963,476  

1.750% due 08/15/41

    5,500,000       4,770,391  

1.875% due 11/15/51

    2,500,000       2,193,750  

2.000% due 02/15/50

    1,750,000       1,578,486  
   

Principal
Amount

   

Value

 

2.000% due 08/15/51

    $ 2,500,000       $ 2,256,250  

2.250% due 08/15/46

    1,950,000       1,825,840  

2.500% due 02/15/46

    6,500,000       6,370,381  

2.750% due 11/15/47

    3,500,000       3,634,600  
   

 

 

 
      29,820,244  
   

 

 

 

U.S. Treasury Notes - 9.7%

 

0.250% due 06/30/25

    3,500,000       3,252,197  

0.250% due 10/31/25

    3,000,000       2,766,504  

0.500% due 06/30/27

    10,000,000       9,039,648  

0.500% due 10/31/27

    3,000,000       2,693,789  

0.625% due 05/15/30

    3,500,000       3,052,520  

1.125% due 02/15/31

    4,500,000       4,064,414  

1.875% due 02/28/29

    27,000,000       26,069,766  
   

 

 

 
      50,938,838  
   

 

 

 

Total U.S. Treasury Obligations
(Cost $85,007,905)

 

    80,759,082  
   

 

 

 

SHORT-TERM INVESTMENT - 3.7%

 

Repurchase Agreement - 3.7%

 

Fixed Income Clearing Corp.
0.000% due 04/01/22
(Dated 03/31/22, repurchase price of $19,610,366; collateralized by U.S. Treasury Notes: 2.375% due 03/31/29 and value $20,002,651)

    19,610,366       19,610,366  
   

 

 

 

Total Short-Term Investment
(Cost $19,610,366)

 

    19,610,366  
   

 

 

 

TOTAL INVESTMENTS - 100.4%
(Cost $550,971,797)

 

    526,822,034  
   

 

 

 

OTHER ASSETS & LIABILITIES, NET - (0.4%)

 

    (1,839,812
   

 

 

 

NET ASSETS - 100.0%

 

    $524,982,222  
   

 

 

 
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

5


PACIFIC SELECT FUND

CORE INCOME PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

Note to Schedule of Investments

 

(a)

Fair Value Measurements

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of March 31, 2022:

 

           Total Value at
March 31, 2022
     Level 1
Quoted Price
     Level 2
Significant
Observable Inputs
     Level 3
Significant
Unobservable Inputs
 

Assets

 

Corporate Bonds & Notes

     $252,246,551        $-        $252,246,551        $-  
 

Senior Loan Notes

     75,175,593        -        75,175,593        -  
 

Mortgage-Backed Securities

     10,927,002        -        10,927,002        -  
 

Asset-Backed Securities

     88,103,440        -        88,103,440        -  
 

U.S. Treasury Obligations

     80,759,082        -        80,759,082        -  
 

Short-Term Investment

     19,610,366        -        19,610,366        -  
    

 

 

    

 

 

    

 

 

    

 

 

 
 

Total

     $526,822,034        $-        $526,822,034        $-  
    

 

 

    

 

 

    

 

 

    

 

 

 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

6


PACIFIC SELECT FUND

DIVERSIFIED BOND PORTFOLIO

Schedule of Investments

March 31, 2022 (Unaudited)

 

 

 

   

Principal

Amount

   

Value

 

CORPORATE BONDS & NOTES - 36.6%

 

Basic Materials - 1.5%

 

Anglo American Capital PLC (South Africa)
3.625% due 09/11/24 ~

    $500,000       $499,765  

4.000% due 09/11/27 ~

    1,080,000       1,084,016  

4.750% due 04/10/27 ~

    4,260,000       4,425,691  

ArcelorMittal SA (Luxembourg)
7.000% due 10/15/39

    740,000       870,421  

Barrick Gold Corp. (Canada)
5.250% due 04/01/42

    340,000       394,726  

Barrick North America Finance LLC (Canada)
5.700% due 05/30/41

    1,983,000       2,417,948  

5.750% due 05/01/43

    1,500,000       1,832,706  

BHP Billiton Finance USA Ltd. (Australia)
5.000% due 09/30/43

    1,220,000       1,452,623  

Equate Petrochemical BV (Kuwait)
4.250% due 11/03/26 ~

    2,060,000       2,092,187  

Freeport-McMoRan, Inc.
3.875% due 03/15/23

    40,000       40,487  

4.550% due 11/14/24

    120,000       123,793  

4.625% due 08/01/30

    710,000       726,792  

5.450% due 03/15/43

    4,590,000       5,149,062  

Glencore Funding LLC (Australia)
4.000% due 03/27/27 ~

    4,390,000       4,410,133  

4.125% due 05/30/23 ~

    130,000       132,309  

4.125% due 03/12/24 ~

    6,520,000       6,612,551  

4.625% due 04/29/24 ~

    2,000,000       2,049,108  

OCP SA (Morocco)
3.750% due 06/23/31 ~

    1,650,000       1,501,302  

4.500% due 10/22/25 ~

    1,600,000       1,607,378  

5.125% due 06/23/51 ~

    1,450,000       1,210,750  

Orbia Advance Corp. SAB de CV (Mexico)
1.875% due 05/11/26 ~

    3,320,000       3,115,886  

2.875% due 05/11/31 ~

    3,150,000       2,794,034  

Southern Copper Corp. (Peru)
5.250% due 11/08/42

    6,410,000       7,265,030  

Suzano Austria GmbH (Brazil)
3.125% due 01/15/32

    1,560,000       1,384,640  

3.750% due 01/15/31

    4,440,000       4,187,897  

Teck Resources Ltd. (Canada)
6.000% due 08/15/40

    90,000       103,608  

Vale Overseas Ltd. (Brazil)
6.875% due 11/21/36

    1,193,000       1,441,347  

Yamana Gold, Inc. (Canada)
4.625% due 12/15/27

    1,810,000       1,840,860  
   

 

 

 
      60,767,050  
   

 

 

 

Communications - 4.5%

 

Alphabet, Inc.
0.450% due 08/15/25

    430,000       401,645  

0.800% due 08/15/27

    820,000       741,400  

1.100% due 08/15/30

    980,000       857,628  

2.050% due 08/15/50

    1,550,000       1,226,700  

Altice France SA (France)
5.500% due 10/15/29 ~

    450,000       404,388  

Amazon.com, Inc.
0.800% due 06/03/25

    2,100,000       1,988,265  

1.200% due 06/03/27

    2,570,000       2,373,874  

1.500% due 06/03/30

    1,310,000       1,173,871  

2.100% due 05/12/31

    1,120,000       1,042,152  

2.500% due 06/03/50

    2,080,000       1,742,257  

3.150% due 08/22/27

    2,710,000       2,748,298  

3.875% due 08/22/37

    1,310,000       1,389,879  

4.050% due 08/22/47

    1,720,000       1,876,776  

4.250% due 08/22/57

    390,000       443,242  

4.950% due 12/05/44

    190,000       231,568  
   

Principal

Amount

   

Value

 

AT&T, Inc.

   

1.650% due 02/01/28

    $3,200,000       $2,921,375  

2.300% due 06/01/27

    2,850,000       2,720,262  

2.550% due 12/01/33

    510,000       454,124  

3.100% due 02/01/43

    3,920,000       3,394,170  

3.300% due 02/01/52

    470,000       404,358  

3.500% due 09/15/53

    2,770,000       2,441,103  

3.550% due 09/15/55

    3,394,000       3,005,008  

3.650% due 09/15/59

    550,000       484,224  

3.800% due 12/01/57

    180,000       164,937  

4.350% due 06/15/45

    744,000       753,129  

5.350% due 09/01/40

    490,000       562,478  

5.550% due 08/15/41

    550,000       643,357  

CCO Holdings LLC/CCO Holdings Capital Corp.
4.500% due 08/15/30 ~

    170,000       159,800  

4.500% due 05/01/32

    2,520,000       2,308,572  

4.750% due 02/01/32 ~

    610,000       568,959  

5.000% due 02/01/28 ~

    940,000       931,925  

5.125% due 05/01/27 ~

    1,270,000       1,273,556  

Charter Communications Operating LLC/Charter Communications Operating Capital
3.500% due 03/01/42

    720,000       597,296  

4.200% due 03/15/28

    2,890,000       2,925,840  

4.400% due 04/01/33

    3,160,000       3,155,025  

4.800% due 03/01/50

    540,000       514,573  

4.908% due 07/23/25

    2,810,000       2,916,719  

5.375% due 04/01/38

    2,150,000       2,213,378  

5.750% due 04/01/48

    1,350,000       1,439,361  

6.384% due 10/23/35

    270,000       305,643  

6.484% due 10/23/45

    650,000       741,925  

6.834% due 10/23/55

    370,000       439,960  

Comcast Corp.
2.800% due 01/15/51

    620,000       525,179  

2.887% due 11/01/51 ~

    2,253,000       1,908,803  

2.937% due 11/01/56 ~

    434,000       360,246  

3.150% due 03/01/26

    1,270,000       1,282,142  

3.250% due 11/01/39

    190,000       180,802  

3.300% due 04/01/27

    1,510,000       1,529,504  

3.400% due 04/01/30

    1,000,000       1,014,373  

3.400% due 07/15/46

    170,000       160,276  

3.450% due 02/01/50

    320,000       300,738  

3.750% due 04/01/40

    820,000       828,533  

3.950% due 10/15/25

    4,570,000       4,723,491  

4.000% due 08/15/47

    340,000       348,337  

4.000% due 03/01/48

    270,000       278,112  

4.150% due 10/15/28

    3,990,000       4,198,910  

4.250% due 10/15/30

    2,390,000       2,553,148  

5.650% due 06/15/35

    290,000       348,082  

6.500% due 11/15/35

    307,000       398,010  

CommScope, Inc.
4.750% due 09/01/29 ~

    90,000       83,014  

6.000% due 03/01/26 ~

    870,000       881,136  

CSC Holdings LLC
3.375% due 02/15/31 ~

    330,000       278,449  

4.125% due 12/01/30 ~

    5,860,000       5,146,281  

4.500% due 11/15/31 ~

    3,060,000       2,746,947  

DISH DBS Corp.
5.125% due 06/01/29

    1,120,000       955,248  

5.250% due 12/01/26 ~

    690,000       658,519  

5.875% due 11/15/24

    1,361,000       1,359,455  

7.750% due 07/01/26

    690,000       686,374  

FOX Corp.
5.476% due 01/25/39

    1,450,000       1,645,536  

Prosus NV (China)
3.061% due 07/13/31 ~

    8,710,000       7,247,884  

3.832% due 02/08/51 ~

    450,000       329,064  

4.027% due 08/03/50 ~

    2,450,000       1,854,613  

Sprint Capital Corp.
8.750% due 03/15/32

    1,420,000       1,915,417  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

7


PACIFIC SELECT FUND

DIVERSIFIED BOND PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal

Amount

   

Value

 

Sprint Corp.
7.625% due 02/15/25

    $910,000       $992,987  

7.875% due 09/15/23

    40,000       42,550  

T-Mobile USA, Inc.
2.250% due 02/15/26

    410,000       386,794  

2.550% due 02/15/31

    3,590,000       3,261,089  

2.625% due 02/15/29

    1,290,000       1,179,183  

2.875% due 02/15/31

    950,000       857,375  

3.000% due 02/15/41

    330,000       279,828  

3.375% due 04/15/29

    480,000       457,200  

3.500% due 04/15/25

    6,930,000       6,982,964  

3.500% due 04/15/31

    1,500,000       1,413,810  

3.500% due 04/15/31 ~

    1,420,000       1,338,407  

3.750% due 04/15/27

    330,000       332,482  

3.875% due 04/15/30

    4,260,000       4,282,417  

Telefonica Emisiones SA (Spain)
5.520% due 03/01/49

    1,500,000       1,692,421  

Tencent Holdings Ltd. (China)
3.680% due 04/22/41 ~

    580,000       513,921  

3.840% due 04/22/51 ~

    4,420,000       3,843,327  

Time Warner Cable LLC
5.500% due 09/01/41

    250,000       260,164  

6.550% due 05/01/37

    520,000       599,304  

6.750% due 06/15/39

    1,310,000       1,522,394  

7.300% due 07/01/38

    4,010,000       4,879,173  

Time Warner Entertainment Co. LP
8.375% due 07/15/33

    990,000       1,294,645  

Verizon Communications, Inc.
1.750% due 01/20/31

    1,620,000       1,414,679  

2.100% due 03/22/28

    1,540,000       1,438,438  

2.355% due 03/15/32 ~

    4,612,000       4,173,397  

2.550% due 03/21/31

    4,550,000       4,233,520  

2.625% due 08/15/26

    2,770,000       2,712,014  

2.650% due 11/20/40

    3,760,000       3,208,166  

2.875% due 11/20/50

    8,660,000       7,262,445  

3.150% due 03/22/30

    1,410,000       1,388,502  

3.850% due 11/01/42

    960,000       961,996  

4.000% due 03/22/50

    610,000       621,656  

4.125% due 03/16/27

    286,000       297,607  

4.125% due 08/15/46

    980,000       1,010,539  

4.329% due 09/21/28

    715,000       755,375  

4.400% due 11/01/34

    1,750,000       1,866,864  

4.500% due 08/10/33

    6,570,000       7,066,538  

4.862% due 08/21/46

    630,000       725,824  

5.500% due 03/16/47

    250,000       313,287  

Vodafone Group PLC (United Kingdom)
4.375% due 05/30/28

    2,640,000       2,766,011  
   

 

 

 
      182,438,916  
   

 

 

 

Consumer, Cyclical - 3.2%

 

Costco Wholesale Corp.
1.375% due 06/20/27

    2,890,000       2,689,671  

1.600% due 04/20/30

    1,650,000       1,480,367  

Delta Air Lines, Inc.
2.900% due 10/28/24

    2,160,000       2,114,845  

3.800% due 04/19/23

    520,000       523,801  

4.500% due 10/20/25 ~

    1,800,000       1,811,874  

4.750% due 10/20/28 ~

    1,650,000       1,665,516  

7.000% due 05/01/25 ~

    7,110,000       7,621,450  

7.375% due 01/15/26

    2,130,000       2,315,523  

Dollar General Corp.
3.250% due 04/15/23

    170,000       171,295  

Ford Motor Co.
3.250% due 02/12/32

    2,140,000       1,914,893  

4.750% due 01/15/43

    300,000       273,016  

Ford Motor Credit Co. LLC
2.900% due 02/16/28

    650,000       588,832  

3.625% due 06/17/31

    1,770,000       1,601,868  

3.664% due 09/08/24

    270,000       267,191  

4.000% due 11/13/30

    4,360,000       4,112,744  

4.125% due 08/17/27

    1,590,000       1,556,117  

5.113% due 05/03/29

    300,000       302,310  

5.125% due 06/16/25

    760,000       776,127  
   

Principal

Amount

   

Value

 

General Motors Co.
5.150% due 04/01/38

    $440,000       $448,289  

5.400% due 10/02/23

    700,000       724,580  

5.950% due 04/01/49

    1,450,000       1,617,321  

6.125% due 10/01/25

    1,230,000       1,321,587  

6.250% due 10/02/43

    570,000       648,407  

General Motors Financial Co., Inc.
3.100% due 01/12/32

    590,000       531,023  

3.450% due 04/10/22

    720,000       720,251  

4.250% due 05/15/23

    1,250,000       1,265,980  

4.350% due 01/17/27

    520,000       529,609  

Hanesbrands, Inc.
4.625% due 05/15/24 ~

    2,170,000       2,206,152  

4.875% due 05/15/26 ~

    690,000       695,175  

Hilton Domestic Operating Co., Inc.
3.625% due 02/15/32 ~

    430,000       390,950  

5.375% due 05/01/25 ~

    800,000       819,520  

5.750% due 05/01/28 ~

    530,000       549,053  

Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
4.875% due 04/01/27

    2,050,000       2,067,445  

Home Depot, Inc.
2.500% due 04/15/27

    1,050,000       1,032,442  

2.700% due 04/15/30

    1,130,000       1,096,175  

3.300% due 04/15/40

    1,230,000       1,188,968  

3.350% due 04/15/50

    2,690,000       2,545,835  

3.900% due 12/06/28

    190,000       199,103  

3.900% due 06/15/47

    210,000       219,668  

Las Vegas Sands Corp.
2.900% due 06/25/25

    7,200,000       6,716,807  

3.200% due 08/08/24

    4,710,000       4,500,074  

Lennar Corp.
4.500% due 04/30/24

    1,040,000       1,066,853  

4.750% due 05/30/25

    200,000       207,263  

4.750% due 11/29/27

    1,940,000       2,023,373  

Lowe’s Cos., Inc.
4.500% due 04/15/30

    710,000       760,636  

Magallanes, Inc.
3.755% due 03/15/27 ~

    810,000       809,877  

4.054% due 03/15/29 ~

    1,050,000       1,056,422  

4.279% due 03/15/32 ~

    6,000,000       6,034,126  

5.050% due 03/15/42 ~

    370,000       378,178  

5.141% due 03/15/52 ~

    3,780,000       3,876,279  

McDonald’s Corp.
1.450% due 09/01/25

    260,000       248,822  

3.300% due 07/01/25

    1,100,000       1,113,533  

3.500% due 03/01/27

    1,530,000       1,559,294  

3.500% due 07/01/27

    1,390,000       1,415,174  

3.600% due 07/01/30

    1,050,000       1,070,490  

3.625% due 09/01/49

    190,000       182,455  

3.700% due 01/30/26

    2,270,000       2,327,170  

3.800% due 04/01/28

    740,000       762,799  

4.200% due 04/01/50

    1,860,000       1,948,079  

MDC Holdings, Inc.
6.000% due 01/15/43

    90,000       92,608  

Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd.
6.500% due 06/20/27 ~

    1,890,000       1,972,687  

New Red Finance, Inc. (Canada)
3.500% due 02/15/29 ~

    1,540,000       1,424,038  

3.875% due 01/15/28 ~

    1,550,000       1,471,539  

Newell Brands, Inc.
4.100% due 04/01/23

    989,000       999,817  

4.450% due 04/01/26

    10,000       10,075  

NIKE, Inc.
2.400% due 03/27/25

    930,000       924,395  

2.750% due 03/27/27

    1,510,000       1,504,286  

3.250% due 03/27/40

    750,000       731,917  

3.375% due 03/27/50

    2,340,000       2,332,275  

Nissan Motor Co. Ltd. (Japan)
3.043% due 09/15/23 ~

    2,080,000       2,076,410  

3.522% due 09/17/25 ~

    4,860,000       4,768,994  

4.345% due 09/17/27 ~

    3,710,000       3,662,615  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

8


PACIFIC SELECT FUND

DIVERSIFIED BOND PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal

Amount

   

Value

 

Sands China Ltd. (Macau)
2.550% due 03/08/27 ~

    $1,980,000       $1,729,530  

3.100% due 03/08/29 ~

    2,010,000       1,718,550  

3.800% due 01/08/26

    950,000       903,687  

5.125% due 08/08/25

    1,030,000       1,026,137  

5.400% due 08/08/28

    620,000       610,836  

Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.
8.000% due 09/20/25 ~

    1,409,999       1,504,102  

Target Corp.
2.250% due 04/15/25

    1,690,000       1,667,751  

Toll Brothers Finance Corp.
4.375% due 04/15/23

    770,000       778,108  

United Airlines, Inc.
4.375% due 04/15/26 ~

    90,000       88,650  

4.625% due 04/15/29 ~

    1,870,000       1,780,661  

VOC Escrow Ltd.
5.000% due 02/15/28 ~

    1,320,000       1,230,425  

Walmart, Inc.
1.500% due 09/22/28

    900,000       827,673  

1.800% due 09/22/31

    450,000       410,020  

Wynn Macau Ltd. (Macau)
5.125% due 12/15/29 ~

    340,000       288,815  

5.625% due 08/26/28 ~

    2,500,000       2,176,575  
   

 

 

 
      129,375,853  
   

 

 

 

Consumer, Non-Cyclical - 6.3%

 

Abbott Laboratories
3.750% due 11/30/26

    1,845,000       1,916,704  

4.750% due 11/30/36

    1,700,000       1,979,852  

4.900% due 11/30/46

    760,000       928,250  

AbbVie, Inc.
2.300% due 11/21/22

    7,590,000       7,618,051  

2.600% due 11/21/24

    2,660,000       2,644,056  

2.950% due 11/21/26

    1,590,000       1,577,454  

3.200% due 11/21/29

    5,410,000       5,351,465  

3.600% due 05/14/25

    1,600,000       1,622,530  

3.750% due 11/14/23

    370,000       377,270  

3.800% due 03/15/25

    5,830,000       5,944,124  

4.250% due 11/21/49

    3,310,000       3,447,423  

Aetna, Inc.
2.800% due 06/15/23

    540,000       542,298  

Altria Group, Inc.
2.350% due 05/06/25

    3,960,000       3,849,195  

2.450% due 02/04/32

    670,000       583,654  

3.400% due 02/04/41

    2,610,000       2,149,723  

3.875% due 09/16/46

    820,000       697,149  

4.400% due 02/14/26

    2,998,000       3,104,128  

5.800% due 02/14/39

    1,040,000       1,124,314  

5.950% due 02/14/49

    5,460,000       5,933,871  

6.200% due 02/14/59

    270,000       302,604  

Amgen, Inc.
3.625% due 05/22/24

    590,000       601,301  

4.663% due 06/15/51

    289,000       319,408  

Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium)
3.650% due 02/01/26

    1,450,000       1,483,617  

4.900% due 02/01/46

    2,900,000       3,229,856  

Anheuser-Busch InBev Worldwide, Inc. (Belgium)
3.500% due 06/01/30

    2,430,000       2,467,519  

4.000% due 04/13/28

    1,010,000       1,048,421  

4.350% due 06/01/40

    1,540,000       1,606,629  

4.500% due 06/01/50

    2,870,000       3,076,159  

4.750% due 01/23/29

    590,000       640,239  

5.550% due 01/23/49

    1,850,000       2,264,520  

Anthem, Inc.
2.950% due 12/01/22

    490,000       493,537  

3.125% due 05/15/22

    3,300,000       3,305,196  

3.350% due 12/01/24

    560,000       564,696  

3.650% due 12/01/27

    1,830,000       1,870,148  
   

Principal

Amount

   

Value

 

BAT Capital Corp. (United Kingdom)
3.557% due 08/15/27

    $7,980,000       $7,780,225  

4.540% due 08/15/47

    1,950,000       1,745,346  

Bausch Health Americas, Inc.
9.250% due 04/01/26 ~

    670,000       686,904  

Bausch Health Cos., Inc.
5.000% due 02/15/29 ~

    2,560,000       1,997,389  

5.250% due 01/30/30 ~

    7,080,000       5,572,987  

5.500% due 11/01/25 ~

    60,000       59,546  

6.250% due 02/15/29 ~

    2,740,000       2,251,198  

7.250% due 05/30/29 ~

    800,000       683,840  

9.000% due 12/15/25 ~

    880,000       912,648  

Becton Dickinson & Co.
3.363% due 06/06/24

    2,180,000       2,199,624  

3.734% due 12/15/24

    272,000       276,644  

4.685% due 12/15/44

    813,000       876,223  

Bristol-Myers Squibb Co.
2.600% due 05/16/22

    2,260,000       2,262,259  

2.900% due 07/26/24

    1,244,000       1,253,879  

3.200% due 06/15/26

    2,159,000       2,194,382  

3.400% due 07/26/29

    473,000       481,972  

3.550% due 08/15/22

    910,000       917,558  

Cargill, Inc.
1.375% due 07/23/23 ~

    1,660,000       1,640,081  

Centene Corp.
3.375% due 02/15/30

    370,000       348,799  

4.625% due 12/15/29

    380,000       383,739  

Cigna Corp.
3.750% due 07/15/23

    2,027,000       2,057,170  

4.125% due 11/15/25

    1,010,000       1,041,848  

4.375% due 10/15/28

    7,230,000       7,616,516  

4.900% due 12/15/48

    3,370,000       3,792,581  

Coca-Cola Co.
1.450% due 06/01/27

    1,820,000       1,710,253  

2.500% due 06/01/40

    70,000       62,304  

2.600% due 06/01/50

    700,000       599,851  

3.375% due 03/25/27

    1,600,000       1,639,056  

CommonSpirit Health
4.350% due 11/01/42

    420,000       423,430  

Constellation Brands, Inc.
4.250% due 05/01/23

    590,000       601,247  

CVS Health Corp.
1.875% due 02/28/31

    430,000       379,106  

2.125% due 09/15/31

    1,520,000       1,360,340  

2.750% due 12/01/22

    2,160,000       2,170,974  

3.625% due 04/01/27

    550,000       560,011  

3.750% due 04/01/30

    1,410,000       1,436,580  

3.875% due 07/20/25

    1,278,000       1,305,032  

4.125% due 04/01/40

    580,000       591,570  

4.250% due 04/01/50

    180,000       187,404  

4.300% due 03/25/28

    2,406,000       2,521,025  

5.050% due 03/25/48

    6,770,000       7,687,086  

5.125% due 07/20/45

    1,440,000       1,630,220  

CVS Pass-Through Trust
5.298% due 01/11/27 ~

    327,780       340,685  

6.036% due 12/10/28

    1,870,395       2,003,216  

Danone SA (France)
2.589% due 11/02/23 ~

    4,030,000       4,027,345  

Diageo Investment Corp. (United Kingdom)
2.875% due 05/11/22

    2,530,000       2,531,365  

DP World PLC (United Arab Emirates)
5.625% due 09/25/48 ~

    3,360,000       3,646,618  

Gilead Sciences, Inc.
3.650% due 03/01/26

    1,660,000       1,689,801  

4.750% due 03/01/46

    1,320,000       1,468,695  

GlaxoSmithKline Capital PLC (United Kingdom)
2.850% due 05/08/22

    140,000       140,277  

HCA, Inc.
3.500% due 09/01/30

    2,010,000       1,945,346  

4.500% due 02/15/27

    110,000       113,774  

4.750% due 05/01/23

    720,000       738,409  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

9


PACIFIC SELECT FUND

DIVERSIFIED BOND PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal

Amount

   

Value

 

5.000% due 03/15/24

    $1,333,000       $1,382,413  

5.250% due 06/15/26

    180,000       190,168  

5.375% due 02/01/25

    1,287,000       1,340,726  

5.375% due 09/01/26

    690,000       725,190  

5.500% due 06/15/47

    640,000       724,967  

5.625% due 09/01/28

    200,000       216,547  

5.875% due 02/01/29

    630,000       689,737  

Hershey Co.
0.900% due 06/01/25

    490,000       461,821  

Humana, Inc.
3.150% due 12/01/22

    970,000       976,508  

3.950% due 03/15/27

    2,011,000       2,045,875  

4.500% due 04/01/25

    300,000       310,993  

4.625% due 12/01/42

    1,090,000       1,164,790  

4.800% due 03/15/47

    130,000       147,566  

Johnson & Johnson
0.950% due 09/01/27

    2,380,000       2,180,264  

3.625% due 03/03/37

    3,810,000       3,947,783  

Kraft Heinz Foods Co.
3.000% due 06/01/26

    1,767,000       1,745,292  

4.250% due 03/01/31

    420,000       432,928  

4.375% due 06/01/46

    560,000       555,178  

4.625% due 10/01/39

    30,000       30,553  

4.875% due 10/01/49

    980,000       1,033,782  

5.000% due 06/04/42

    210,000       224,564  

5.200% due 07/15/45

    990,000       1,072,912  

5.500% due 06/01/50

    830,000       946,640  

6.750% due 03/15/32

    50,000       60,500  

6.875% due 01/26/39

    140,000       172,550  

7.125% due 08/01/39 ~

    30,000       38,056  

Mars, Inc.
2.700% due 04/01/25 ~

    1,590,000       1,576,966  

3.200% due 04/01/30 ~

    850,000       843,481  

Medtronic, Inc.
3.500% due 03/15/25

    984,000       1,004,888  

Merck & Co., Inc.
0.750% due 02/24/26

    1,980,000       1,850,723  

1.450% due 06/24/30

    1,150,000       1,022,544  

Molson Coors Beverage Co.
3.500% due 05/01/22

    500,000       500,645  

Mondelez International Holdings Netherlands BV
2.125% due 09/19/22 ~

    1,050,000       1,051,539  

Mondelez International, Inc.
1.500% due 05/04/25

    2,580,000       2,467,141  

PayPal Holdings, Inc.
1.350% due 06/01/23

    1,470,000       1,466,259  

1.650% due 06/01/25

    1,530,000       1,472,739  

PepsiCo, Inc.
0.750% due 05/01/23

    1,930,000       1,903,241  

1.625% due 05/01/30

    1,590,000       1,431,569  

2.250% due 03/19/25

    190,000       188,143  

2.625% due 03/19/27

    190,000       189,046  

2.875% due 10/15/49

    570,000       529,715  

Pfizer, Inc.
0.800% due 05/28/25

    2,510,000       2,376,356  

1.700% due 05/28/30

    1,580,000       1,433,447  

2.625% due 04/01/30

    1,600,000       1,555,284  

Philip Morris International, Inc.
1.125% due 05/01/23

    980,000       968,982  

2.100% due 05/01/30

    1,090,000       982,067  

2.500% due 08/22/22

    2,560,000       2,572,570  

2.500% due 11/02/22

    2,670,000       2,682,182  

Prime Security Services Borrower LLC/Prime Finance, Inc.
5.750% due 04/15/26 ~

    1,260,000       1,286,838  

Procter & Gamble Co.
2.800% due 03/25/27

    300,000       300,523  

3.000% due 03/25/30

    870,000       875,943  

Reynolds American, Inc. (United Kingdom)
5.850% due 08/15/45

    1,090,000       1,125,271  
   

Principal

Amount

   

Value

 

Service Corp. International
7.500% due 04/01/27

    $510,000       $561,125  

Spectrum Brands, Inc.
5.000% due 10/01/29 ~

    100,000       94,266  

5.750% due 07/15/25

    42,000       42,846  

Teva Pharmaceutical Finance Co. BV (Israel)
2.950% due 12/18/22

    1,020,000       1,015,277  

Teva Pharmaceutical Finance Co. LLC (Israel)
6.150% due 02/01/36

    280,000       283,378  

Teva Pharmaceutical Finance Netherlands III BV (Israel)
2.800% due 07/21/23

    2,630,000       2,597,388  

3.150% due 10/01/26

    6,255,000       5,674,536  

4.100% due 10/01/46

    1,800,000       1,416,663  

4.750% due 05/09/27

    730,000       701,676  

5.125% due 05/09/29

    5,940,000       5,717,844  

6.000% due 04/15/24

    250,000       256,558  

7.125% due 01/31/25

    1,140,000       1,200,642  

United Rentals North America, Inc.
3.750% due 01/15/32

    1,210,000       1,130,449  

3.875% due 11/15/27

    990,000       981,941  

3.875% due 02/15/31

    1,850,000       1,746,548  

5.500% due 05/15/27

    800,000       828,368  

UnitedHealth Group, Inc.
1.250% due 01/15/26

    590,000       555,427  

2.000% due 05/15/30

    560,000       516,119  

2.300% due 05/15/31

    320,000       300,973  

2.375% due 10/15/22

    240,000       241,189  

3.125% due 05/15/60

    200,000       178,813  

3.500% due 06/15/23

    540,000       547,242  

3.750% due 07/15/25

    1,580,000       1,626,295  

3.875% due 08/15/59

    1,400,000       1,449,746  

4.250% due 06/15/48

    420,000       461,355  

4.450% due 12/15/48

    410,000       463,894  

5.700% due 10/15/40

    10,000       12,605  

5.800% due 03/15/36

    860,000       1,068,829  
   

 

 

 
      255,358,136  
   

 

 

 

Energy - 6.1%

 

Apache Corp.
4.250% due 01/15/44

    3,240,000       2,842,484  

4.750% due 04/15/43

    1,310,000       1,240,767  

5.250% due 02/01/42

    190,000       189,930  

5.350% due 07/01/49

    900,000       867,902  

6.000% due 01/15/37

    562,000       632,222  

7.750% due 12/15/29

    540,000       636,063  

BP Capital Markets America, Inc.
3.000% due 02/24/50

    3,670,000       3,184,140  

3.119% due 05/04/26

    1,990,000       1,988,063  

3.410% due 02/11/26

    2,500,000       2,530,100  

3.633% due 04/06/30

    1,110,000       1,131,666  

3.790% due 02/06/24

    350,000       356,220  

BP Capital Markets PLC (United Kingdom)
3.506% due 03/17/25

    520,000       530,293  

3.535% due 11/04/24

    350,000       355,795  

Cameron LNG LLC
2.902% due 07/15/31 ~

    540,000       516,506  

3.302% due 01/15/35 ~

    2,620,000       2,468,960  

Cheniere Energy Partners LP
3.250% due 01/31/32 ~

    2,100,000       1,912,879  

4.000% due 03/01/31

    400,000       388,378  

Cheniere Energy, Inc.
4.625% due 10/15/28

    1,020,000       1,024,718  

Chevron Corp.
1.554% due 05/11/25

    1,150,000       1,110,315  

1.995% due 05/11/27

    720,000       691,838  

3.078% due 05/11/50

    220,000       208,329  

Chevron USA, Inc.
3.850% due 01/15/28

    2,770,000       2,889,172  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

10


PACIFIC SELECT FUND

DIVERSIFIED BOND PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal

Amount

   

Value

 

ConocoPhillips
6.500% due 02/01/39

    $370,000       $496,321  

Continental Resources, Inc.
2.268% due 11/15/26 ~

    850,000       794,750  

3.800% due 06/01/24

    730,000       733,515  

4.375% due 01/15/28

    1,750,000       1,776,810  

4.500% due 04/15/23

    1,180,000       1,196,060  

4.900% due 06/01/44

    290,000       287,530  

5.750% due 01/15/31 ~

    1,300,000       1,423,916  

Coterra Energy, Inc.
3.900% due 05/15/27 ~

    3,870,000       3,905,078  

4.375% due 06/01/24 ~

    240,000       244,994  

4.375% due 03/15/29 ~

    1,710,000       1,784,049  

DCP Midstream Operating LP
6.450% due 11/03/36 ~

    450,000       519,471  

Devon Energy Corp.
4.750% due 05/15/42

    70,000       74,227  

5.000% due 06/15/45

    7,500,000       8,196,100  

5.600% due 07/15/41

    1,240,000       1,435,702  

8.250% due 08/01/23

    3,290,000       3,486,782  

Diamondback Energy, Inc.
3.500% due 12/01/29

    3,280,000       3,252,813  

Ecopetrol SA (Colombia)
4.625% due 11/02/31

    850,000       770,444  

5.875% due 05/28/45

    5,180,000       4,547,885  

Energy Transfer LP
2.900% due 05/15/25

    1,010,000       988,987  

3.750% due 05/15/30

    3,420,000       3,369,338  

4.500% due 11/01/23

    520,000       528,156  

4.950% due 06/15/28

    680,000       715,151  

5.250% due 04/15/29

    410,000       438,213  

5.300% due 04/01/44

    160,000       165,151  

6.250% due 02/15/23

    390,000       334,913  

6.250% due 04/15/49

    2,500,000       2,879,743  

6.750% due 05/15/25

    1,950,000       1,903,688  

7.125% due 05/15/30

    890,000       869,975  

7.600% due 02/01/24

    1,560,000       1,665,760  

Enterprise Products Operating LLC
2.800% due 01/31/30

    3,620,000       3,484,248  

3.700% due 01/31/51

    3,060,000       2,809,299  

3.950% due 01/31/60

    400,000       373,263  

4.150% due 10/16/28

    3,240,000       3,376,165  

4.200% due 01/31/50

    2,100,000       2,090,947  

4.800% due 02/01/49

    1,000,000       1,070,947  

4.850% due 03/15/44

    420,000       446,544  

7.550% due 04/15/38

    360,000       478,933  

EOG Resources, Inc.
3.900% due 04/01/35

    1,460,000       1,503,036  

4.150% due 01/15/26

    1,460,000       1,513,165  

4.375% due 04/15/30

    460,000       498,741  

4.950% due 04/15/50

    2,150,000       2,643,021  

EQT Corp.
3.125% due 05/15/26 ~

    50,000       48,622  

3.625% due 05/15/31 ~

    1,270,000       1,214,761  

3.900% due 10/01/27

    2,580,000       2,576,336  

5.000% due 01/15/29

    630,000       651,149  

6.625% due 02/01/25

    120,000       126,900  

Exxon Mobil Corp.
1.571% due 04/15/23

    170,000       169,543  

2.992% due 03/19/25

    4,550,000       4,573,348  

3.043% due 03/01/26

    2,840,000       2,868,689  

3.482% due 03/19/30

    1,300,000       1,335,973  

4.114% due 03/01/46

    3,750,000       4,047,412  

4.327% due 03/19/50

    220,000       246,421  

Halliburton Co.
3.800% due 11/15/25

    79,000       80,766  

KazMunayGas National Co. JSC (Kazakhstan)
5.375% due 04/24/30 ~

    900,000       867,324  

6.375% due 10/24/48 ~

    1,500,000       1,419,912  

Kinder Morgan Energy Partners LP
3.500% due 09/01/23

    1,410,000       1,423,731  
   

Principal

Amount

   

Value

 

Kinder Morgan, Inc.
4.300% due 03/01/28

    $820,000       $851,342  

5.200% due 03/01/48

    60,000       65,399  

5.550% due 06/01/45

    210,000       235,463  

MEG Energy Corp. (Canada)
5.875% due 02/01/29 ~

    310,000       314,853  

MPLX LP
4.500% due 04/15/38

    2,070,000       2,120,087  

4.700% due 04/15/48

    520,000       525,449  

4.800% due 02/15/29

    1,310,000       1,396,171  

4.875% due 12/01/24

    1,670,000       1,731,057  

5.200% due 03/01/47

    70,000       75,271  

5.500% due 02/15/49

    2,670,000       2,965,985  

Occidental Petroleum Corp.
3.000% due 02/15/27

    870,000       852,239  

3.400% due 04/15/26

    1,890,000       1,881,315  

4.100% due 02/15/47

    2,510,000       2,326,770  

4.200% due 03/15/48

    1,200,000       1,124,148  

4.400% due 04/15/46

    510,000       485,474  

4.625% due 06/15/45

    1,280,000       1,244,352  

5.550% due 03/15/26

    2,110,000       2,239,090  

6.450% due 09/15/36

    1,610,000       1,894,326  

6.600% due 03/15/46

    5,240,000       6,168,083  

7.875% due 09/15/31

    2,702,000       3,376,284  

Petrobras Global Finance BV (Brazil)
5.299% due 01/27/25

    13,501,000       14,121,303  

5.500% due 06/10/51

    820,000       704,806  

5.750% due 02/01/29

    2,900,000       3,018,204  

6.250% due 03/17/24

    150,000       157,452  

6.850% due 06/05/15

    340,000       319,488  

7.250% due 03/17/44

    3,430,000       3,582,292  

7.375% due 01/17/27

    1,440,000       1,599,494  

Petroleos Mexicanos (Mexico)
6.375% due 01/23/45

    520,000       416,972  

6.625% due 06/15/35

    160,000       143,696  

6.875% due 08/04/26

    4,350,000       4,556,125  

Pioneer Natural Resources Co.
1.125% due 01/15/26

    410,000       380,740  

2.150% due 01/15/31

    1,800,000       1,624,466  

Qatar Energy (Qatar)
2.250% due 07/12/31 ~

    3,190,000       2,942,692  

3.125% due 07/12/41 ~

    2,680,000       2,445,087  

3.300% due 07/12/51 ~

    2,690,000       2,476,834  

Range Resources Corp.
4.875% due 05/15/25

    920,000       932,757  

5.000% due 03/15/23

    3,020,000       3,045,670  

5.875% due 07/01/22

    34,000       34,000  

Reliance Industries Ltd. (India)
2.875% due 01/12/32 ~

    850,000       780,794  

3.625% due 01/12/52 ~

    3,390,000       3,014,743  

Sabine Pass Liquefaction LLC
5.750% due 05/15/24

    1,030,000       1,078,524  

Schlumberger Holdings Corp.
3.900% due 05/17/28 ~

    1,732,000       1,752,153  

Shell International Finance BV (Netherlands)
2.750% due 04/06/30

    1,510,000       1,466,525  

2.875% due 05/10/26

    790,000       792,436  

3.250% due 04/06/50

    3,310,000       3,119,377  

4.375% due 05/11/45

    2,050,000       2,220,561  

4.550% due 08/12/43

    1,200,000       1,338,623  

Sinopec Group Overseas Development Ltd. (China)
4.375% due 04/10/24 ~

    2,510,000       2,578,834  

Southwestern Energy Co.
4.750% due 02/01/32

    770,000       770,112  

5.375% due 02/01/29

    60,000       60,832  

5.375% due 03/15/30

    250,000       254,415  

Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.000% due 01/15/32

    170,000       163,805  

4.875% due 02/01/31

    1,320,000       1,334,995  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

11


PACIFIC SELECT FUND

DIVERSIFIED BOND PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal

Amount

   

Value

 

5.000% due 01/15/28

    $450,000       $456,755  

5.500% due 03/01/30

    540,000       561,487  

5.875% due 04/15/26

    250,000       257,981  

6.500% due 07/15/27

    530,000       558,514  

6.875% due 01/15/29

    270,000       290,172  

Tennessee Gas Pipeline Co. LLC
2.900% due 03/01/30 ~

    7,990,000       7,506,084  

Venture Global Calcasieu Pass LLC
3.875% due 11/01/33 ~

    1,150,000       1,101,591  

Western Midstream Operating LP
1.844% (USD LIBOR + 1.850%)
due 01/13/23 §

    550,000       544,564  

3.600% due 02/01/25

    1,580,000       1,571,784  

4.500% due 03/01/28

    680,000       694,875  

4.550% due 02/01/30

    3,954,000       3,941,525  

4.650% due 07/01/26

    990,000       1,015,997  

5.300% due 03/01/48

    130,000       128,945  

5.500% due 08/15/48

    960,000       949,728  

5.750% due 02/01/50

    1,190,000       1,162,469  

Williams Cos., Inc.
3.750% due 06/15/27

    1,670,000       1,691,123  

7.500% due 01/15/31

    6,475,000       8,060,063  

7.750% due 06/15/31

    100,000       125,643  
   

 

 

 
      244,142,723  
   

 

 

 

Financial - 11.5%

 

ABN AMRO Bank NV (Netherlands)
4.750% due 07/28/25 ~

    2,220,000       2,272,441  

AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
2.450% due 10/29/26

    3,550,000       3,288,574  

3.000% due 10/29/28

    2,790,000       2,578,317  

3.150% due 02/15/24

    2,180,000       2,146,282  

3.300% due 01/30/32

    1,710,000       1,544,246  

Air Lease Corp.
3.375% due 07/01/25

    1,160,000       1,144,614  

Ambac Assurance Corp.
5.100% due 06/07/22 ~

    111,048       126,595  

American International Group, Inc.
2.500% due 06/30/25

    4,990,000       4,884,624  

3.750% due 07/10/25

    610,000       620,498  

Banco Santander SA (Spain)
1.358% (USD LIBOR + 1.120%)
due 04/12/23 §

    1,000,000       1,005,564  

2.746% due 05/28/25

    4,000,000       3,902,208  

3.848% due 04/12/23

    3,200,000       3,243,493  

Bank of America Corp.
2.572% due 10/20/32

    3,040,000       2,767,103  

2.592% due 04/29/31

    9,420,000       8,706,716  

2.972% due 02/04/33

    1,280,000       1,200,726  

3.004% due 12/20/23

    8,404,000       8,428,399  

3.300% due 01/11/23

    3,190,000       3,226,592  

3.419% due 12/20/28

    7,274,000       7,205,917  

3.500% due 04/19/26

    5,410,000       5,482,237  

3.550% due 03/05/24

    3,370,000       3,390,838  

3.974% due 02/07/30

    3,230,000       3,285,800  

4.000% due 04/01/24

    2,280,000       2,341,245  

4.083% due 03/20/51

    3,820,000       3,971,464  

4.125% due 01/22/24

    7,945,000       8,158,519  

4.200% due 08/26/24

    4,930,000       5,052,434  

4.250% due 10/22/26

    310,000       319,444  

4.330% due 03/15/50

    3,330,000       3,587,117  

4.450% due 03/03/26

    660,000       683,224  

5.000% due 01/21/44

    370,000       427,258  

Bank of Montreal (Canada)
1.850% due 05/01/25

    3,210,000       3,087,308  

3.803% due 12/15/32

    550,000       544,284  

Bank of New York Mellon Corp.
1.600% due 04/24/25

    970,000       935,767  

Bank of Nova Scotia (Canada)
1.300% due 06/11/25

    1,810,000       1,707,190  
   

Principal

Amount

   

Value

 

Barclays Bank PLC (United Kingdom)
1.700% due 05/12/22

    $1,290,000       $1,290,722  

Barclays PLC (United Kingdom)
4.972% due 05/16/29

    6,976,000       7,307,649  

5.088% due 06/20/30

    4,250,000       4,415,919  

Berkshire Hathaway Finance Corp.
4.250% due 01/15/49

    3,420,000       3,762,337  

BNP Paribas SA (France)
2.219% due 06/09/26 ~

    2,260,000       2,150,851  

2.824% due 01/26/41 ~

    2,000,000       1,652,839  

3.375% due 01/09/25 ~

    910,000       905,998  

4.375% due 03/01/33 ~

    970,000       963,771  

4.400% due 08/14/28 ~

    4,750,000       4,839,576  

4.625% due 03/13/27 ~

    1,110,000       1,136,554  

4.705% due 01/10/25 ~

    4,970,000       5,076,845  

5.198% due 01/10/30 ~

    920,000       982,322  

BPCE SA (France)
5.150% due 07/21/24 ~

    1,370,000       1,412,930  

Canadian Imperial Bank of Commerce (Canada)
0.950% due 06/23/23

    1,790,000       1,757,258  

Chubb INA Holdings, Inc.
3.350% due 05/03/26

    440,000       446,447  

Citigroup, Inc.
1.678% due 05/15/24

    1,910,000       1,895,373  

3.106% due 04/08/26

    1,310,000       1,299,798  

3.500% due 05/15/23

    2,380,000       2,405,906  

3.785% due 03/17/33

    2,570,000       2,550,626  

3.980% due 03/20/30

    6,000,000       6,101,614  

4.075% due 04/23/29

    5,400,000       5,509,302  

4.400% due 06/10/25

    3,030,000       3,120,433  

4.412% due 03/31/31

    3,490,000       3,629,736  

4.450% due 09/29/27

    1,330,000       1,374,099  

4.650% due 07/30/45

    3,761,000       4,145,489  

4.650% due 07/23/48

    2,210,000       2,506,855  

4.750% due 05/18/46

    440,000       472,779  

5.300% due 05/06/44

    240,000       274,050  

5.500% due 09/13/25

    4,580,000       4,894,527  

5.950% due 01/30/23

    1,820,000       1,843,842  

5.950% due 05/15/25

    2,640,000       2,694,252  

6.300% due 05/15/24

    2,520,000       2,539,530  

6.625% due 06/15/32

    480,000       581,331  

6.675% due 09/13/43

    580,000       765,524  

8.125% due 07/15/39

    200,000       303,741  

Cooperatieve Rabobank UA (Netherlands)
due 04/06/28 # ~

    1,560,000       1,556,482  

due 04/06/33 # ~

    910,000       908,454  

1.339% due 06/24/26 ~

    250,000       233,602  

4.375% due 08/04/25

    6,300,000       6,407,872  

Credit Agricole SA (France)
1.907% due 06/16/26 ~

    1,500,000       1,417,622  

Credit Suisse AG (Switzerland)
2.950% due 04/09/25

    1,580,000       1,563,854  

Credit Suisse Group AG (Switzerland)
2.193% due 06/05/26 ~

    3,448,000       3,241,637  

2.593% due 09/11/25 ~

    250,000       241,696  

3.091% due 05/14/32 ~

    2,240,000       2,023,886  

4.194% due 04/01/31 ~

    6,380,000       6,304,892  

4.550% due 04/17/26

    440,000       448,044  

Danske Bank AS (Denmark)
1.226% due 06/22/24 ~

    3,400,000       3,242,277  

3.244% due 12/20/25 ~

    800,000       788,728  

5.375% due 01/12/24 ~

    4,050,000       4,177,527  

Goldman Sachs Capital II
4.000% (USD LIBOR + 0.768%)
due 05/02/22 §

    298,000       239,890  

Goldman Sachs Group, Inc.
2.908% due 07/21/42

    370,000       319,793  

3.200% due 02/23/23

    1,780,000       1,796,561  

3.210% due 04/22/42

    160,000       145,354  

3.500% due 04/01/25

    2,050,000       2,066,540  

3.500% due 11/16/26

    2,430,000       2,442,275  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

12


PACIFIC SELECT FUND

DIVERSIFIED BOND PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal

Amount

   

Value

 

3.615% due 03/15/28

    $710,000       $709,890  

3.625% due 02/20/24

    3,000,000       3,039,441  

4.223% due 05/01/29

    3,130,000       3,207,858  

4.250% due 10/21/25

    3,150,000       3,230,138  

4.750% due 10/21/45

    20,000       22,430  

5.150% due 05/22/45

    3,100,000       3,477,237  

5.950% due 01/15/27

    1,733,000       1,904,246  

6.250% due 02/01/41

    8,560,000       11,088,541  

6.750% due 10/01/37

    2,145,000       2,710,491  

Guardian Life Global Funding
1.100% due 06/23/25 ~

    690,000       649,929  

HSBC Bank USA NA
7.000% due 01/15/39

    1,240,000       1,690,787  

HSBC Holdings PLC (United Kingdom)
2.099% due 06/04/26

    200,000       190,355  

3.973% due 05/22/30

    1,480,000       1,483,037  

4.250% due 03/14/24

    2,900,000       2,943,834  

4.250% due 08/18/25

    4,460,000       4,514,639  

4.762% due 03/29/33

    1,190,000       1,224,260  

International Lease Finance Corp.
5.875% due 08/15/22

    910,000       921,307  

Intesa Sanpaolo SpA (Italy)
3.125% due 07/14/22 ~

    2,100,000       2,103,432  

3.375% due 01/12/23 ~

    1,040,000       1,042,600  

5.017% due 06/26/24 ~

    10,470,000       10,560,457  

5.710% due 01/15/26 ~

    350,000       357,991  

JPMorgan Chase & Co.
1.514% due 06/01/24

    5,070,000       5,002,823  

2.083% due 04/22/26

    3,000,000       2,897,225  

2.522% due 04/22/31

    3,840,000       3,564,250  

3.109% due 04/22/51

    460,000       409,284  

3.875% due 09/10/24

    4,840,000       4,946,953  

4.023% due 12/05/24

    2,730,000       2,774,870  

4.203% due 07/23/29

    3,010,000       3,116,435  

4.250% due 10/01/27

    870,000       899,529  

4.452% due 12/05/29

    7,410,000       7,733,277  

4.950% due 06/01/45

    5,380,000       6,110,513  

KKR Group Finance Co. II LLC
5.500% due 02/01/43 ~

    350,000       400,434  

Lloyds Banking Group PLC (United Kingdom)
3.900% due 03/12/24

    1,910,000       1,940,163  

4.375% due 03/22/28

    5,380,000       5,505,788  

Mastercard, Inc.
3.850% due 03/26/50

    1,930,000       2,048,714  

Morgan Stanley
2.188% due 04/28/26

    4,770,000       4,612,468  

2.699% due 01/22/31

    6,350,000       5,966,130  

3.622% due 04/01/31

    5,280,000       5,259,331  

3.737% due 04/24/24

    2,230,000       2,253,338  

3.772% due 01/24/29

    200,000       201,738  

4.431% due 01/23/30

    170,000       177,938  

MPT Operating Partnership LP/MPT Finance Corp. REIT
3.500% due 03/15/31

    90,000       83,738  

National Securities Clearing Corp.
1.200% due 04/23/23 ~

    950,000       942,030  

1.500% due 04/23/25 ~

    1,000,000       958,266  

Natwest Group PLC (United Kingdom)
4.519% due 06/25/24

    200,000       203,077  

4.892% due 05/18/29

    780,000       811,931  

5.076% due 01/27/30

    500,000       533,255  

New York Life Global Funding
0.950% due 06/24/25 ~

    1,290,000       1,205,786  

Nuveen LLC
4.000% due 11/01/28 ~

    1,500,000       1,562,890  

Park Aerospace Holdings Ltd. (Ireland)
4.500% due 03/15/23 ~

    260,000       261,975  

5.250% due 08/15/22 ~

    101,000       101,666  

5.500% due 02/15/24 ~

    630,000       645,255  

Principal Life Global Funding II
1.250% due 06/23/25 ~

    640,000       600,865  
   

Principal

Amount

   

Value

 

Royal Bank of Canada (Canada)

   

1.150% due 06/10/25

    $1,730,000       $1,634,585  

1.600% due 04/17/23

    2,760,000       2,747,666  

Santander UK Group Holdings PLC (United Kingdom)
5.625% due 09/15/45 ~

    408,000       440,952  

Standard Chartered PLC (United Kingdom)
1.809% (USD LIBOR + 1.510%)
due 01/30/27 § ~

    3,900,000       3,373,500  

Swedbank AB (Sweden)
1.300% due 06/02/23 ~

    2,200,000       2,170,538  

Teachers Insurance & Annuity Association of America
6.850% due 12/16/39 ~

    132,000       173,579  

Toronto-Dominion Bank (Canada)
0.750% due 06/12/23

    3,390,000       3,329,703  

1.150% due 06/12/25

    1,720,000       1,625,140  

UBS Group AG (Switzerland)
2.746% due 02/11/33 ~

    850,000       773,323  

2.859% due 08/15/23 ~

    580,000       580,982  

3.491% due 05/23/23 ~

    3,670,000       3,675,509  

4.125% due 09/24/25 ~

    2,340,000       2,385,706  

7.000% due 01/31/24 ~

    9,870,000       10,304,329  

US Bancorp
1.450% due 05/12/25

    3,820,000       3,655,415  

Visa, Inc.
3.150% due 12/14/25

    3,940,000       3,988,171  

4.300% due 12/14/45

    2,320,000       2,611,130  

WEA Finance LLC/Westfield UK & Europe Finance PLC REIT (France)
3.750% due 09/17/24 ~

    6,230,000       6,224,028  

Wells Fargo & Co.
2.188% due 04/30/26

    3,060,000       2,953,863  

2.879% due 10/30/30

    3,860,000       3,672,920  

3.000% due 10/23/26

    3,850,000       3,800,538  

3.350% due 03/02/33

    590,000       574,035  

3.750% due 01/24/24

    3,780,000       3,850,448  

4.150% due 01/24/29

    1,150,000       1,194,147  

4.400% due 06/14/46

    1,650,000       1,717,724  

4.478% due 04/04/31

    3,350,000       3,551,759  

4.650% due 11/04/44

    1,600,000       1,707,955  

4.750% due 12/07/46

    2,550,000       2,782,785  

4.900% due 11/17/45

    4,920,000       5,451,017  

5.013% due 04/04/51

    15,320,000       18,262,559  

5.375% due 11/02/43

    2,030,000       2,363,453  

5.606% due 01/15/44

    1,567,000       1,871,942  
   

 

 

 
      462,099,085  
   

 

 

 

Industrial - 1.8%

 

3M Co.
2.375% due 08/26/29

    1,550,000       1,475,810  

3.050% due 04/15/30

    340,000       338,479  

3.700% due 04/15/50

    3,900,000       3,953,987  

Ball Corp.
3.125% due 09/15/31

    1,220,000       1,092,998  

Boeing Co.
2.196% due 02/04/26

    1,190,000       1,126,374  

2.700% due 02/01/27

    610,000       586,030  

2.800% due 03/01/27

    790,000       757,072  

3.200% due 03/01/29

    2,330,000       2,223,094  

3.250% due 02/01/35

    4,780,000       4,277,001  

3.550% due 03/01/38

    460,000       405,266  

3.750% due 02/01/50

    1,380,000       1,233,113  

4.875% due 05/01/25

    3,950,000       4,078,864  

5.150% due 05/01/30

    2,660,000       2,840,873  

5.705% due 05/01/40

    2,190,000       2,453,572  

5.805% due 05/01/50

    5,960,000       6,903,233  

5.930% due 05/01/60

    150,000       173,753  

Builders FirstSource, Inc.
4.250% due 02/01/32 ~

    130,000       121,269  

Carrier Global Corp.
3.577% due 04/05/50

    100,000       91,842  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

13


PACIFIC SELECT FUND

DIVERSIFIED BOND PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal

Amount

   

Value

 

Deere & Co.
3.100% due 04/15/30

    $370,000       $371,026  

3.750% due 04/15/50

    1,750,000       1,858,656  

Eaton Corp.
2.750% due 11/02/22

    3,849,000       3,871,133  

4.150% due 11/02/42

    590,000       615,460  

General Dynamics Corp.
3.250% due 04/01/25

    630,000       637,213  

3.500% due 05/15/25

    240,000       244,436  

4.250% due 04/01/40

    100,000       109,485  

4.250% due 04/01/50

    590,000       665,837  

General Electric Co.
6.750% due 03/15/32

    216,000       272,681  

GFL Environmental, Inc. (Canada)
4.250% due 06/01/25 ~

    930,000       925,290  

Honeywell International, Inc.
1.350% due 06/01/25

    1,200,000       1,157,193  

L3Harris Technologies, Inc.
4.854% due 04/27/35

    530,000       577,140  

5.054% due 04/27/45

    1,120,000       1,270,412  

Lockheed Martin Corp.
3.100% due 01/15/23

    300,000       302,680  

3.550% due 01/15/26

    1,730,000       1,772,973  

4.500% due 05/15/36

    580,000       641,486  

Northrop Grumman Corp.
2.930% due 01/15/25

    2,560,000       2,567,954  

3.250% due 01/15/28

    4,270,000       4,277,967  

5.250% due 05/01/50

    1,270,000       1,589,001  

Otis Worldwide Corp.
2.056% due 04/05/25

    870,000       847,892  

Raytheon Technologies Corp.
2.250% due 07/01/30

    1,600,000       1,484,100  

3.150% due 12/15/24

    750,000       753,999  

3.950% due 08/16/25

    1,700,000       1,754,926  

4.125% due 11/16/28

    560,000       586,180  

4.500% due 06/01/42

    540,000       597,612  

Republic Services, Inc.
2.500% due 08/15/24

    1,430,000       1,415,990  

Union Pacific Corp.
2.150% due 02/05/27

    1,430,000       1,376,763  

2.400% due 02/05/30

    840,000       795,981  

2.891% due 04/06/36

    1,810,000       1,694,934  

3.750% due 07/15/25

    1,210,000       1,240,955  

3.750% due 02/05/70

    1,950,000       1,909,311  

3.839% due 03/20/60

    365,000       368,236  

Vertiv Group Corp.
4.125% due 11/15/28 ~

    570,000       520,866  
   

 

 

 
      73,208,398  
   

 

 

 

Technology - 1.4%

 

Apple, Inc.
1.125% due 05/11/25

    4,140,000       3,956,052  

2.450% due 08/04/26

    2,410,000       2,383,142  

Broadcom, Inc.
3.137% due 11/15/35 ~

    7,080,000       6,252,250  

Intel Corp.
1.600% due 08/12/28

    1,780,000       1,625,936  

3.050% due 08/12/51

    860,000       768,495  

3.700% due 07/29/25

    890,000       912,164  

4.750% due 03/25/50

    920,000       1,076,295  

International Business Machines Corp.
3.000% due 05/15/24

    4,100,000       4,129,106  

Microsoft Corp.
2.400% due 08/08/26

    3,370,000       3,345,298  

2.525% due 06/01/50

    841,000       728,616  

2.675% due 06/01/60

    192,000       166,205  

2.700% due 02/12/25

    1,080,000       1,087,666  

2.921% due 03/17/52

    1,497,000       1,408,966  

3.041% due 03/17/62

    908,000       851,116  

3.300% due 02/06/27

    2,650,000       2,721,271  

3.450% due 08/08/36

    72,000       75,052  
   

Principal

Amount

   

Value

 

NVIDIA Corp.
2.850% due 04/01/30

    $830,000       $817,636  

3.500% due 04/01/40

    2,240,000       2,261,520  

3.500% due 04/01/50

    5,820,000       5,900,241  

3.700% due 04/01/60

    1,590,000       1,618,220  

NXP BV/NXP Funding LLC/NXP USA, Inc. (China)
2.700% due 05/01/25 ~

    1,030,000       999,435  

Oracle Corp.
1.650% due 03/25/26

    3,630,000       3,389,723  

2.875% due 03/25/31

    4,290,000       3,918,219  

2.950% due 04/01/30

    260,000       240,178  

Salesforce.com, Inc.
3.250% due 04/11/23

    1,720,000       1,742,305  

3.700% due 04/11/28

    1,610,000       1,665,730  

Texas Instruments, Inc.
1.750% due 05/04/30

    1,040,000       947,629  

Workday, Inc.
due 04/01/27 #

    650,000       650,274  

due 04/01/29 #

    1,080,000       1,083,385  

due 04/01/32 #

    1,300,000       1,299,132  
   

 

 

 
      58,021,257  
   

 

 

 

Utilities - 0.3%

 

Berkshire Hathaway Energy Co.
6.125% due 04/01/36

    586,000       723,752  

Consolidated Edison Co. of New York, Inc.
3.350% due 04/01/30

    610,000       608,762  

3.950% due 04/01/50

    470,000       485,364  

Duke Energy Ohio, Inc.
3.650% due 02/01/29

    1,880,000       1,913,575  

Pacific Gas and Electric Co.
1.750% due 06/16/22

    2,610,000       2,607,310  

2.100% due 08/01/27

    810,000       729,180  

2.500% due 02/01/31

    1,010,000       872,628  

3.300% due 08/01/40

    210,000       172,326  

3.500% due 08/01/50

    490,000       395,875  

Virginia Electric & Power Co.
6.350% due 11/30/37

    2,130,000       2,738,297  
   

 

 

 
      11,247,069  
   

 

 

 

Total Corporate Bonds & Notes
(Cost $1,495,753,473)

      1,476,658,487  
   

 

 

 

SENIOR LOAN NOTES - 5.9%

 

Basic Materials - 0.1%

 

Asplundh Tree Expert LLC Term B
2.202% (USD LIBOR + 1.750%)
due 09/04/27 §

    1,588,220       1,573,926  

INEOS US Petrochem LLC Term B
3.250% (USD LIBOR + 2.750%)
due 01/29/26 §

    1,676,228       1,647,242  
   

 

 

 
      3,221,168  
   

 

 

 

Communications - 0.8%

 

Altice France SA Term B12 (France)
3.996% (USD LIBOR + 3.387%)
due 01/31/26 §

    2,169,720       2,127,003  

Audacy Capital Corp. Term B2
2.897% (USD LIBOR + 2.500%)
due 11/17/24 §

    310,642       306,047  

Charter Communications Operating LLC Term B1
2.197% (USD LIBOR + 1.750%)
due 04/30/25 §

    5,875,400       5,859,795  

Term B2
2.197% (USD LIBOR + 1.750%)
due 02/01/27 §

    491,184       487,653  
 

 

See Supplemental Notes to Schedules of Investments   See explanation of symbols and terms, if any, on page 302

 

14


PACIFIC SELECT FUND

DIVERSIFIED BOND PORTFOLIO

Schedule of Investments (Continued)

March 31, 2022 (Unaudited)

 

 

 

   

Principal

Amount

   

Value

 

CSC Holdings LLC Term B
2.491% (USD LIBOR + 2.250%)
due 01/15/26 §

    $793,862       $781,032  

Delta Topco, Inc. Term B
4.500% (USD LIBOR + 3.750%)
due 12/01/27 §

    3,045,700       3,001,647  

Go Daddy Operating Co. LLC Term B2
2.202% (USD LIBOR + 1.750%)
due 02/15/24 §

    613,527       610,788  

iHeartCommunications, Inc. Term B
3.452% (USD LIBOR + 3.000%)
due 05/01/26 §

    256,378       255,337  

Level 3 Financing, Inc. Term B
2.207% (USD LIBOR + 1.750%)
due 03/01/27 §

    5,490,816       5,397,175  

Nexstar Media, Inc. Term B4
3.197% (USD LIBOR + 2.750%)
due 09/19/26 §

    4,966,520       4,953,071  

Terrier Media Buyer, Inc. Term B
3.952% (USD LIBOR + 3.500%)
due 12/17/26 §

    1,069,654       1,055,042  

Virgin Media Bristol LLC

   

Term N
2.941% (USD LIBOR + 2.500%)
due 01/31/28 §

    4,691,848       4,638,333  

Term Q
3.702% (USD LIBOR + 3.250%)
due 01/31/29 §

    620,000       616,028  

Zayo Group Holdings, Inc. Term B
3.452% (USD LIBOR + 3.000%)
due 03/09/27 §

    2,320,000       2,260,550  

Ziggo Financing Partnership Term I (Netherlands)
2.949% (USD LIBOR + 2.500%)
due 04/30/28 §

    1,296,000       1,277,572  
   

 

 

 
      33,627,073