Pacific Select Fund NPORT-P Equity Index Portfolio (Sep 2024 report)

PACIFIC

SELECT

FUND

CORE

INCOME

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

1

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CORPORATE

BONDS

&

NOTES

-

47.8%

Basic

Materials

-

0.1%

Vale

Overseas

Ltd.

(Brazil) 

6.400%

due

06/28/54 

$

500,000

$

527,214

Communications

-

1.6%

AT&T,

Inc.

3.500%

due

09/15/53 

2,500,000

1,838,163

Charter

Communications

Operating

LLC/

Charter

Communications

Operating

Capital

3.500%

due

06/01/41 

1,750,000

1,230,133

Cox

Communications,

Inc.

5.950%

due

09/01/54 ~

950,000

950,485

T-Mobile

USA,

Inc.

4.700%

due

01/15/35 

750,000

747,705

Verizon

Communications,

Inc.

3.400%

due

03/22/41 

2,350,000

1,920,365

6,686,851

Consumer,

Cyclical

-

5.9%

American

Airlines

Pass-Through

Trust

Class AA

3.200%

due

12/15/29 

2,575,400

2,443,627

3.600%

due

03/22/29 

2,329,521

2,257,319

American

Airlines

Pass-Through

Trust

Class B

3.950%

due

01/11/32 

533,000

503,812

American

Airlines,

Inc./AAdvantage

Loyalty

IP

Ltd.

5.750%

due

04/20/29 ~

2,000,000

1,998,335

British

Airways

Pass-Through

Trust

Class A

(United

Kingdom) 

3.350%

due

12/15/30 ~

744,507

698,408

British

Airways

Pass-Through

Trust

Class AA

(United

Kingdom) 

3.300%

due

06/15/34 ~

2,302,010

2,161,525

Continental

Airlines

Pass-Through

Trust

Class A

4.000%

due

04/29/26 

955,724

954,726

Delta

Air

Lines

Pass-Through

Trust

Class AA

3.625%

due

01/30/29 

243,052

235,769

Delta

Air

Lines,

Inc./SkyMiles

IP

Ltd.

4.500%

due

10/20/25 ~

156

156

4.750%

due

10/20/28 ~

1,000,000

999,111

Ford

Motor

Credit

Co.

LLC

4.542%

due

08/01/26 

1,300,000

1,289,583

Hilton

Grand

Vacations

Borrower

Escrow

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

4.875%

due

07/01/31 ~

2,000,000

1,816,681

Las

Vegas

Sands

Corp.

3.900%

due

08/08/29 

1,000,000

953,738

New

Red

Finance,

Inc.

(Canada) 

3.875%

due

01/15/28 ~

1,750,000

1,683,122

Royal

Caribbean

Cruises

Ltd.

5.625%

due

09/30/31 ~

1,050,000

1,064,437

Tapestry,

Inc.

7.850%

due

11/27/33 

1,000,000

1,084,720

U.S.

Airways

Pass-Through

Trust

Class A

4.625%

due

12/03/26 

729,596

726,879

a

Principal

Amount

Value

United

Airlines

Pass-Through

Trust

Class A

2.900%

due

11/01/29 

$

320,833

$

294,335

5.800%

due

07/15/37 

2,688,557

2,832,204

United

Airlines

Pass-Through

Trust

Class AA

4.150%

due

02/25/33 

510,531

491,180

5.450%

due

08/15/38 

400,000

417,835

24,907,502

Consumer,

Non-Cyclical

-

4.4%

Anheuser-Busch

InBev

Worldwide,

Inc.

(Belgium) 

5.450%

due

01/23/39 

2,000,000

2,142,029

Block,

Inc.

2.750%

due

06/01/26 

2,000,000

1,940,561

Elevance

Health,

Inc.

5.650%

due

06/15/54 

1,500,000

1,584,121

Icon

Investments

Six

DAC

6.000%

due

05/08/34 

1,000,000

1,064,304

J.M.

Smucker

Co.

6.200%

due

11/15/33 

1,000,000

1,106,508

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Co./JBS

Lux

Co.

SARL

3.000%

due

05/15/32 

3,000,000

2,603,761

6.750%

due

03/15/34 ~

800,000

886,817

Kroger

Co.

5.500%

due

09/15/54 

2,200,000

2,215,702

Laboratory

Corp.

of

America

Holdings

4.800%

due

10/01/34 

800,000

791,046

Quanta

Services,

Inc.

5.250%

due

08/09/34 

1,000,000

1,022,902

UnitedHealth

Group,

Inc.

5.050%

due

04/15/53 

750,000

745,426

5.750%

due

07/15/64 

2,500,000

2,700,965

18,804,142

Energy

-

2.9%

Energy

Transfer

LP

5.000%

due

05/15/44 

2,000,000

1,833,340

6.500%

due

11/15/26 

1,000,000

1,000,108

7.375%

due

02/01/31 ~

1,000,000

1,064,669

MPLX

LP

5.650%

due

03/01/53 

1,000,000

995,445

Petroleos

Mexicanos

(Mexico) 

6.500%

due

03/13/27 

1,750,000

1,717,184

6.875%

due

08/04/26 

2,250,000

2,242,592

Targa

Resources

Partners

LP/Targa

Resources

Partners

Finance

Corp.

4.000%

due

01/15/32 

3,515,000

3,310,399

12,163,737

Financial

-

17.2%

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust

(Ireland) 

3.300%

due

01/30/32 

2,000,000

1,805,647

6.950%

due

03/10/55 

1,000,000

1,037,140

Air

Lease

Corp.

4.650%

due

06/15/26 

1,500,000

1,465,931

Americold

Realty

Operating

Partnership

LP

5.409%

due

09/12/34 

650,000

652,392

Banco

Mercantil

del

Norte

SA

(Mexico) 

7.625%

due

01/10/28 ~

550,000

554,472

8.375%

due

10/14/30 ~

907,000

951,731

2

PACIFIC

SELECT

FUND

CORE

INCOME

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Bank

of

America

Corp.

2.482%

due

09/21/36 

$

1,000,000

$

844,126

4.375%

due

01/27/27 

1,250,000

1,213,158

Barclays

PLC

(United

Kingdom) 

5.690%

due

03/12/30 

1,000,000

1,040,451

9.625%

due

12/15/29 

1,000,000

1,128,414

BBVA

Bancomer

SA

(Mexico) 

8.125%

due

01/08/39 ~

2,500,000

2,651,720

Brixmor

Operating

Partnership

LP

5.750%

due

02/15/35 

2,000,000

2,107,223

Citigroup,

Inc.

4.150%

due

11/15/26 

800,000

770,121

5.411%

due

09/19/39 

1,000,000

997,559

6.174%

due

05/25/34 

1,500,000

1,601,106

Credit

Agricole

SA

(France) 

due

09/23/34 # ~

1,250,000

1,250,988

Extra

Space

Storage

LP

5.400%

due

02/01/34 

1,750,000

1,808,574

Fidelity

National

Financial,

Inc.

3.200%

due

09/17/51 

1,750,000

1,173,327

First

American

Financial

Corp.

5.450%

due

09/30/34 

600,000

597,686

GLP

Capital

LP/GLP

Financing

II,

Inc.

3.250%

due

01/15/32 

2,600,000

2,302,337

5.625%

due

09/15/34 

2,350,000

2,401,797

Goldman

Sachs

Group,

Inc.

2.383%

due

07/21/32 

1,500,000

1,301,538

2.615%

due

04/22/32 

1,000,000

884,009

5.851%

due

04/25/35 

2,000,000

2,149,832

6.125%

due

11/10/34 

600,000

604,101

7.500%

due

05/10/29 

1,000,000

1,062,470

Host

Hotels

&

Resorts

LP

2.900%

due

12/15/31 

2,400,000

2,113,117

JPMorgan

Chase

&

Co.

5.294%

due

07/22/35 

1,500,000

1,564,999

5.766%

due

04/22/35 

1,700,000

1,832,627

6.875%

due

06/01/29 

1,000,000

1,074,791

Kite

Realty

Group

LP

5.500%

due

03/01/34 

1,000,000

1,030,863

Liberty

Mutual

Group,

Inc.

4.300%

due

02/01/61 ~

1,250,000

840,989

Lloyds

Banking

Group

PLC

(United

Kingdom) 

due

09/27/31 #

1,100,000

1,102,445

Massachusetts

Mutual

Life

Insurance

Co.

5.672%

due

12/01/52 ~

1,250,000

1,288,952

Morgan

Stanley

2.484%

due

09/16/36 

1,750,000

1,464,860

5.042%

due

07/19/30 

1,250,000

1,284,835

5.831%

due

04/19/35 

1,500,000

1,611,813

5.942%

due

02/07/39 

2,650,000

2,783,373

Nordea

Bank

Abp

(Finland) 

6.300%

due

09/25/31 ~

400,000

397,436

Northwestern

Mutual

Life

Insurance

Co.

3.850%

due

09/30/47 ~

1,725,000

1,390,645

Phillips

Edison

Grocery

Center

Operating

Partnership

I

LP

4.950%

due

01/15/35 

1,000,000

982,981

PNC

Financial

Services

Group,

Inc.

5.676%

due

01/22/35 

1,000,000

1,060,578

6.250%

due

03/15/30 

1,000,000

1,017,992

State

Street

Corp.

6.700%

due

09/15/29 

1,500,000

1,556,703

a

Principal

Amount

Value

Sumitomo

Mitsui

Financial

Group,

Inc.

(Japan) 

5.424%

due

07/09/31 

$

2,000,000

$

2,100,156

Sun

Communities

Operating

LP

5.700%

due

01/15/33 

1,500,000

1,547,425

UBS

Group

AG

(Switzerland) 

6.850%

due

09/10/29 ~

1,250,000

1,268,009

7.750%

due

04/12/31 ~

1,500,000

1,607,556

Ventas

Realty

LP

5.000%

due

01/15/35 

1,400,000

1,403,003

VICI

Properties

LP/VICI

Note

Co.,

Inc.

4.625%

due

12/01/29 ~

3,500,000

3,436,443

Wells

Fargo

&

Co.

5.499%

due

01/23/35 

2,700,000

2,831,412

72,951,853

Industrial

-

2.8%

BAE

Systems

PLC

(United

Kingdom) 

5.300%

due

03/26/34 ~

950,000

988,395

Boeing

Co.

6.528%

due

05/01/34 ~

1,000,000

1,073,642

Flowserve

Corp.

2.800%

due

01/15/32 

2,000,000

1,733,426

HEICO

Corp.

5.350%

due

08/01/33 

2,000,000

2,080,243

Howmet

Aerospace,

Inc.

4.850%

due

10/15/31 

900,000

919,249

nVent

Finance

SARL

(United

Kingdom) 

2.750%

due

11/15/31 

2,100,000

1,830,773

Sonoco

Products

Co.

5.000%

due

09/01/34 

1,900,000

1,874,610

Veralto

Corp.

5.450%

due

09/18/33 

1,300,000

1,364,523

11,864,861

Technology

-

3.8%

Broadcom,

Inc.

due

02/15/32 #

900,000

899,593

3.137%

due

11/15/35 ~

1,250,000

1,069,405

Fiserv,

Inc.

5.150%

due

08/12/34 

2,200,000

2,257,090

5.600%

due

03/02/33 

1,800,000

1,907,489

Hewlett

Packard

Enterprise

Co.

5.000%

due

10/15/34 

1,050,000

1,039,949

5.600%

due

10/15/54 

650,000

638,575

Intel

Corp.

4.750%

due

03/25/50 

1,750,000

1,517,560

Kyndryl

Holdings,

Inc.

3.150%

due

10/15/31 

1,500,000

1,318,878

Oracle

Corp.

5.500%

due

09/27/64 

3,750,000

3,738,591

Roper

Technologies,

Inc.

4.900%

due

10/15/34 

2,000,000

2,014,790

16,401,920

Utilities

-

9.1%

Arizona

Public

Service

Co.

5.550%

due

08/01/33 

800,000

836,058

Brooklyn

Union

Gas

Co.

4.632%

due

08/05/27 ~

2,175,000

2,173,867

Dominion

Energy,

Inc.

7.000%

due

06/01/54 

800,000

875,462

DTE

Energy

Co.

5.850%

due

06/01/34 

1,500,000

1,610,850

3

PACIFIC

SELECT

FUND

CORE

INCOME

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Duke

Energy

Corp.

5.450%

due

06/15/34 

$

1,900,000

$

1,984,074

6.100%

due

09/15/53 

1,150,000

1,261,208

Duke

Energy

Ohio,

Inc.

5.650%

due

04/01/53 

1,000,000

1,060,151

Duke

Energy

Progress

NC

Storm

Funding

LLC

2.387%

due

07/01/39 

2,650,000

2,245,189

Edison

International

8.125%

due

06/15/53 

2,000,000

2,105,011

IPALCO

Enterprises,

Inc.

4.250%

due

05/01/30 

1,750,000

1,692,742

KeySpan

Gas

East

Corp.

3.586%

due

01/18/52 ~

1,500,000

1,093,813

National

Grid

PLC

(United

Kingdom) 

5.809%

due

06/12/33 

1,250,000

1,337,640

Nevada

Power

Co.

5.900%

due

05/01/53 

2,250,000

2,451,355

NextEra

Energy

Operating

Partners

LP

7.250%

due

01/15/29 ~

2,000,000

2,110,359

NiSource,

Inc.

6.950%

due

11/30/54 

750,000

776,654

Oncor

Electric

Delivery

Co.

LLC

5.550%

due

06/15/54 ~

1,500,000

1,597,831

Pacific

Gas

&

Electric

Co.

5.900%

due

10/01/54 

750,000

777,667

PacifiCorp

5.300%

due

02/15/31 

1,000,000

1,041,400

5.500%

due

05/15/54 

1,000,000

1,006,173

PG&E

Energy

Recovery

Funding

LLC

2.280%

due

01/15/38 

1,200,000

990,108

PG&E

Wildfire

Recovery

Funding

LLC

3.594%

due

06/01/32 

764,114

752,606

Piedmont

Natural

Gas

Co.,

Inc.

5.050%

due

05/15/52 

1,000,000

963,540

PPL

Capital

Funding,

Inc.

5.250%

due

09/01/34 

600,000

618,179

Sempra

4.125%

due

04/01/52 

1,750,000

1,672,667

6.400%

due

10/01/54 

1,800,000

1,807,887

Southern

California

Gas

Co.

5.600%

due

04/01/54 

1,000,000

1,061,150

Southern

Co.

Gas

Capital

Corp.

4.950%

due

09/15/34 

750,000

758,184

Texas

Electric

Market

Stabilization

Funding

N

LLC

4.265%

due

08/01/36 ~

913,037

913,374

Vistra

Operations

Co.

LLC

6.950%

due

10/15/33 ~

850,000

958,975

38,534,174

Total

Corporate

Bonds

&

Notes

    (Cost

$200,352,086)

202,842,254

SENIOR

LOAN

NOTES

-

14.0%

Consumer,

Cyclical

-

3.2%

BCPE

Empire

Holdings,

Inc.

8.845%

(SOFR

+

4.000%)

due

12/11/28

§

1,990,000

1,993,108

Caesars

Entertainment,

Inc.

Term

B1

7.595%

(SOFR

+

2.750%)

due

02/06/31

§

2,233,763

2,236,729

a

Principal

Amount

Value

ClubCorp

Holdings,

Inc.

Term

B

9.865%

(SOFR

+

5.000%)

due

09/18/26

§

$

1,704,173

$

1,708,433

Marriott

Ownership

Resorts,

Inc.

Term

B

7.095%

(SOFR

+

2.250%)

due

04/01/31

§

1,496,250

1,495,004

SeaWorld

Parks

&

Entertainment,

Inc.

Term

B2

7.345%

(SOFR

+

2.500%)

due

08/25/28

§

3,843,061

3,843,061

United

Airlines,

Inc.

Term

B

8.033%

(SOFR

+

2.750%)

due

02/22/31

§

2,537,250

2,546,171

13,822,506

Consumer,

Non-Cyclical

-

2.3%

Allied

Universal

Holdco

LLC

Term

B

8.695%

(SOFR

+

3.750%)

due

05/12/28

§

2,100,024

2,082,042

Boost

Newco

Borrower

LLC

Term

B

7.104%

(SOFR

+

2.500%)

due

01/31/31

§

2,000,000

2,002,678

Grant

Thornton

Advisors

LLC

Term

B

8.100%

(SOFR

+

3.250%)

due

06/02/31

§

2,000,000

2,005,250

Medline

Borrower

LP

Term

B

7.595%

(SOFR

+

2.750%)

due

10/23/28

§

1,717,061

1,719,619

Wand

NewCo

3,

Inc.

Term

B

8.095%

(SOFR

+

3.250%)

due

01/30/31

§

1,995,000

1,995,227

9,804,816

Energy

-

0.2%

Buckeye

Partners

LP

Term

B

7.127%

(SOFR

+

1.750%)

due

11/01/26

§

719,277

720,176

Financial

-

3.2%

AssuredPartners,

Inc.

Term

B5

8.345%

(SOFR

+

3.500%)

due

02/14/31

§

1,741,250

1,741,638

Avolon

TLB

Borrower

1

U.S.

LLC

Term

B6

(Ireland) 

6.961%

(SOFR

+

2.000%)

due

06/22/28

§

2,470,078

2,479,341

Deerfield

Dakota

Holding

LLC

Term

B

8.354%

(SOFR

+

3.750%)

due

04/09/27

§

1,984,456

1,946,835

Delos

Aircraft

DAC

Term

B

(Ireland) 

6.354%

(SOFR

+

1.750%)

due

10/31/27

§

1,850,000

1,863,181

HUB

International

Ltd.

Term

B

8.225%

(SOFR

+

3.000%)

due

06/20/30

§

3,468,840

3,467,758

SBA

Senior

Finance

II

LLC

Term

B

6.600%

(SOFR

+

2.000%)

due

01/25/31

§

1,974,276

1,976,519

13,475,272

Industrial

-

2.5%

Chamberlain

Group,

Inc.

Term

B

8.195%

(SOFR

+

3.250%)

due

11/03/28

§

1,982,156

1,976,737

4

PACIFIC

SELECT

FUND

CORE

INCOME

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Proampac

PG

Borrower

LLC

Term

B

9.301%

(SOFR

+

4.000%)

due

09/15/28

§

$

2,429,146

$

2,437,498

Roper

Industrial

Products

Investment

Co.

LLC

7.854%

(SOFR

+

3.250%)

due

11/22/29

§

972,631

975,366

Titan

Acquisition

Ltd.

Term

B

(Canada) 

10.326%

(SOFR

+

5.000%)

due

02/15/29

§

1,634,426

1,627,957

TK

Elevator

U.S.

Newco,

Inc.

Term

B

(Germany) 

8.588%

(SOFR

+

3.500%)

due

04/30/30

§

1,975,125

1,981,982

TransDigm,

Inc.

Term

J

7.104%

(SOFR

+

2.500%)

due

02/28/31

§

1,741,904

1,736,856

10,736,396

Technology

-

2.6%

Central

Parent,

Inc.

Term

B

7.854%

(SOFR

+

3.250%)

due

07/06/29

§

2,982,475

2,953,715

Dun

&

Bradstreet

Corp.

Term

B2

7.605%

(SOFR

+

2.750%)

due

01/18/29

§

1,990,000

1,991,088

Epicor

Software

Corp.

due

05/30/31

§ ∞ 

φ

315,024

315,582

8.095%

(SOFR

+

3.250%)

due

05/30/31

§

2,684,976

2,689,731

UKG,

Inc.

Term

B

8.555%

(SOFR

+

3.250%)

due

02/10/31

§

3,119,950

3,123,701

11,073,817

Total

Senior

Loan

Notes

    (Cost

$59,465,337)

59,632,983

MORTGAGE-BACKED

SECURITIES

-

7.0%

Federal

Home

Loan

Mortgage

Corp.

-

1.7%

5.500%

due

05/01/38 

2,905,819

2,967,639

6.000%

due

01/01/39 

2,370,273

2,439,650

6.500%

due

07/01/53 

1,905,293

1,968,343

7,375,632

Federal

National

Mortgage

Association

-

2.5%

6.000%

due

07/01/53

-

09/01/53

4,016,851

4,110,160

6.500%

due

09/01/53 

6,050,174

6,251,692

10,361,852

Government

National

Mortgage

Association

-

1.7%

6.000%

due

12/20/52

2,651,462

2,709,502

6.000%

due

10/20/53 

4,490,148

4,574,616

7,284,118

Uniform

Mortgage-Backed

Securities

-

1.1%

5.500%

due

10/01/54 

4,500,000

4,552,811

Total

Mortgage-Backed

Securities

    (Cost

$29,298,260)

29,574,413

a

Principal

Amount

Value

ASSET-BACKED

SECURITIES

-

13.7%

Automobile

Other

-

0.2%

AmeriCredit

Automobile

Receivables

Trust

0.890%

due

10/19/26 

$

811,157

$

799,378

Automobile

Sequential

-

1.6%

Ford

Credit

Auto

Owner

Trust

1.290%

due

06/15/26 

160,112

158,250

5.140%

due

03/15/26 

475,719

475,755

5.280%

due

02/15/36 ~

3,350,000

3,469,916

Toyota

Auto

Loan

Extended

Note

Trust

4.930%

due

06/25/36 ~

2,650,000

2,720,184

6,824,105

Other

Asset-Backed

Securities

-

11.9%

Hilton

Grand

Vacations

Trust

3.610%

due

06/20/34 ~

140,165

137,711

Magnetite

XIX

Ltd.

(Cayman)

6.597%

(SOFR

+

1.312%)

due

04/17/34 ~ §

4,500,000

4,503,938

Magnetite

XXI

Ltd.

(Cayman)

6.564%

(SOFR

+

1.282%)

due

04/20/34 ~ §

5,000,000

5,003,081

MVW

LLC

1.740%

due

10/20/37 ~

82,431

79,225

4.930%

due

10/20/40 ~

1,247,564

1,264,381

Navient

Private

Education

Loan

Trust

2.460%

due

11/15/68 ~

240,140

231,726

Navient

Private

Education

Refi

Loan

Trust

0.840%

due

05/15/69 ~

222,039

201,942

0.940%

due

07/15/69 ~

3,326,261

3,011,320

1.220%

due

07/15/69 ~

464,281

433,941

1.310%

due

01/15/69 ~

315,397

295,718

1.690%

due

05/15/69 ~

1,600,617

1,490,944

2.640%

due

05/15/68 ~

244,881

237,135

4.160%

due

10/15/70 ~

2,961,356

2,927,371

Navient

Student

Loan

Trust

1.310%

due

12/26/69 ~

839,641

746,600

1.320%

due

08/26/69 ~

658,618

587,960

3.390%

due

12/15/59 ~

1,058,084

1,034,619

5.995%

(SOFR

+

0.714%)

due

12/26/69 ~ §

504,289

498,591

6.445%

(SOFR

+

1.164%)

due

06/25/69 ~ §

519,616

515,015

Neuberger

Berman

Loan

Advisers

CLO

31

Ltd.

(Cayman)

6.584%

(SOFR

+

1.302%)

due

04/20/31 ~ §

990,088

990,761

OneMain

Financial

Issuance

Trust

4.130%

due

05/14/35 ~

1,350,000

1,343,427

Palmer

Square

Loan

Funding

Ltd.

(Cayman)

6.561%

(SOFR

+

1.450%)

due

10/15/32 ~ §

1,050,000

1,047,617

6.640%

(SOFR

+

1.512%)

due

05/20/29 ~ §

2,000,000

2,003,395

6.944%

(SOFR

+

1.662%)

due

07/20/29 ~ §

2,500,000

2,495,461

6.963%

(SOFR

+

1.662%)

due

10/15/29 ~ §

4,800,000

4,809,240

SBA

Small

Business

Investment

Cos.

5.035%

due

03/10/34 

3,788,837

3,878,574

5

PACIFIC

SELECT

FUND

CORE

INCOME

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

SLM

Student

Loan

Trust

6.171%

(SOFR

+

0.812%)

due

10/25/64 ~ §

$

392,375

$

386,935

SMB

Private

Education

Loan

Trust

1.070%

due

01/15/53 ~

1,239,963

1,115,062

1.290%

due

07/15/53 ~

493,154

460,154

1.680%

due

02/15/51 ~

664,505

621,178

2.230%

due

09/15/37 ~

1,557,426

1,490,327

2.340%

due

09/15/34 ~

35,041

34,772

2.700%

due

05/15/31 ~

12,910

12,881

2.820%

due

10/15/35 ~

304,372

298,913

2.880%

due

09/15/34 ~

485,758

479,810

3.440%

due

07/15/36 ~

543,157

533,616

3.500%

due

02/15/36 ~

284,563

280,125

3.600%

due

01/15/37 ~

330,194

325,254

3.630%

due

11/15/35 ~

273,057

268,969

4.480%

due

05/16/50 ~

1,047,262

1,038,080

5.941%

(SOFR

+

0.844%)

due

01/15/53 ~ §

3,016,077

2,984,384

SoFi

Professional

Loan

Program

LLC

2.540%

due

05/15/46 ~

462,635

440,587

50,540,740

Total

Asset-Backed

Securities

    (Cost

$58,195,000)

58,164,223

U.S.

TREASURY

OBLIGATIONS

-

14.3%

U.S.

Treasury

Bonds

-

12.5%

1.125%

due

05/15/40 

6,000,000

3,966,211

1.250%

due

05/15/50 

3,750,000

2,007,715

1.375%

due

08/15/50 

2,750,000

1,515,723

1.750%

due

08/15/41 

5,500,000

3,901,885

2.000%

due

02/15/50 

1,750,000

1,140,850

2.000%

due

08/15/51 

2,500,000

1,610,986

2.250%

due

08/15/46 

1,950,000

1,396,611

2.250%

due

02/15/52 

7,500,000

5,115,967

2.500%

due

02/15/46 

6,500,000

4,915,879

2.750%

due

11/15/47 

3,000,000

2,336,719

2.875%

due

05/15/52 

8,250,000

6,463,359

3.000%

due

08/15/52 

10,000,000

8,039,453

3.625%

due

02/15/53 

9,000,000

8,186,133

4.125%

due

08/15/44 

2,500,000

2,480,859

53,078,350

U.S.

Treasury

Notes

-

1.8%

2.750%

due

08/15/32 

3,000,000

2,804,062

3.625%

due

08/31/29 

5,000,000

5,015,625

7,819,687

Total

U.S.

Treasury

Obligations

    (Cost

$72,263,519)

60,898,037

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

4.3%

Repurchase

Agreements

-

4.3%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$18,245,360;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$18,607,988)

$

18,243,105

$

18,243,105

a

Total

Short-Term

Investments

(Cost

$18,243,105)

18,243,105

TOTAL

INVESTMENTS

-

101.1%

(Cost

$437,817,307)

429,355,015

OTHER

ASSETS

&

LIABILITIES,

NET

-

(1.1%)

(

4,548,181

)

NET

ASSETS

-

100.0%

$

424,806,834

6

PACIFIC

SELECT

FUND

CORE

INCOME

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Corporate

Bonds

&

Notes

$

202,842,254

$

–

$

202,842,254

$

–

Senior

Loan

Notes

59,632,983

–

59,632,983

–

Mortgage-Backed

Securities

29,574,413

–

29,574,413

–

Asset-Backed

Securities

58,164,223

–

58,164,223

–

U.S.

Treasury

Obligations

60,898,037

–

60,898,037

–

Short-Term

Investments

18,243,105

–

18,243,105

–

Total

$

429,355,015

$

–

$

429,355,015

$

–

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

7

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CORPORATE

BONDS

&

NOTES

-

39.9%

Basic

Materials

-

3.0%

Alpek

SAB

de

CV

(Mexico) 

3.250%

due

02/25/31 ~

$

245,000

$

217,245

Anglo

American

Capital

PLC

(South

Africa) 

3.950%

due

09/10/50 ~

430,000

337,976

4.500%

due

03/15/28 ~

415,000

413,930

5.500%

due

05/02/33 ~

705,000

725,310

5.625%

due

04/01/30 ~

2,055,000

2,137,174

ArcelorMittal

SA

(Luxembourg) 

6.800%

due

11/29/32 

3,645,000

4,067,805

Braskem

America

Finance

Co.

(Brazil) 

7.125%

due

07/22/41 ~

3,600,000

3,468,151

Braskem

Netherlands

Finance

BV

(Brazil) 

5.875%

due

01/31/50 ~

770,000

603,657

Celanese

U.S.

Holdings

LLC

6.050%

due

03/15/25 

290,000

290,740

6.330%

due

07/15/29 

755,000

801,250

6.379%

due

07/15/32 

1,075,000

1,149,819

6.700%

due

11/15/33 

5,250,000

5,746,777

First

Quantum

Minerals

Ltd.

(Zambia) 

9.375%

due

03/01/29 ~

3,020,000

3,204,806

FMG

Resources

August

2006

Pty.

Ltd.

(Australia) 

4.375%

due

04/01/31 ~

1,510,000

1,412,408

Freeport

Indonesia

PT

(Indonesia) 

5.315%

due

04/14/32 ~

1,385,000

1,409,038

Fresnillo

PLC

(Mexico) 

4.250%

due

10/02/50 ~

2,340,000

1,800,967

Glencore

Funding

LLC

(Australia) 

6.375%

due

10/06/30 ~

3,255,000

3,540,519

6.500%

due

10/06/33 ~

23,475,000

25,909,855

Nutrien

Ltd.

(Canada) 

5.800%

due

03/27/53 

670,000

711,644

OCP

SA

(Morocco) 

3.750%

due

06/23/31 ~

1,430,000

1,286,532

6.750%

due

05/02/34 ~

1,755,000

1,887,257

Orbia

Advance

Corp.

SAB

de

CV

(Mexico) 

5.875%

due

09/17/44 ~

2,930,000

2,668,027

POSCO

(South

Korea) 

5.625%

due

01/17/26 ~

770,000

779,924

Sociedad

Quimica

y

Minera

de

Chile

SA

(Chile) 

3.500%

due

09/10/51 ~

2,735,000

1,934,833

6.500%

due

11/07/33 ~

1,985,000

2,141,757

Steel

Dynamics,

Inc.

5.375%

due

08/15/34 

1,810,000

1,869,331

70,516,732

Communications

-

4.2%

Alibaba

Group

Holding

Ltd.

(China) 

3.250%

due

02/09/61 

740,000

512,354

AT&T,

Inc.

3.500%

due

09/15/53 

255,000

187,493

3.650%

due

09/15/59 

5,055,000

3,670,789

Baidu,

Inc.

(China) 

3.075%

due

04/07/25 

705,000

699,289

Bharti

Airtel

Ltd.

(India) 

4.375%

due

06/10/25 ~

2,670,000

2,661,647

CCO

Holdings

LLC/CCO

Holdings

Capital

Corp.

4.250%

due

01/15/34 ~

4,925,000

4,044,139

4.500%

due

05/01/32 

1,705,000

1,475,555

a

Principal

Amount

Value

Charter

Communications

Operating

LLC/

Charter

Communications

Operating

Capital

4.400%

due

12/01/61 

$

2,315,000

$

1,575,851

4.800%

due

03/01/50 

3,475,000

2,662,085

6.384%

due

10/23/35 

2,305,000

2,354,593

6.650%

due

02/01/34 

2,268,000

2,375,022

CommScope

LLC

6.000%

due

03/01/26 ~

1,140,000

1,110,075

Corning,

Inc.

5.450%

due

11/15/79 

1,915,000

1,898,538

CSC

Holdings

LLC

3.375%

due

02/15/31 ~

330,000

234,251

4.500%

due

11/15/31 ~

3,825,000

2,787,722

4.625%

due

12/01/30 ~

3,625,000

1,842,599

DISH

DBS

Corp.

5.125%

due

06/01/29 

405,000

272,104

5.250%

due

12/01/26 ~

690,000

638,939

5.750%

due

12/01/28 ~

1,285,000

1,125,141

Empresa

Nacional

de

Telecomunicaciones

SA

(Chile) 

3.050%

due

09/14/32 ~

535,000

458,156

Expedia

Group,

Inc.

2.950%

due

03/15/31 

7,195,000

6,550,648

6.250%

due

05/01/25 ~

340,000

340,909

MercadoLibre,

Inc.

(Brazil) 

3.125%

due

01/14/31 

945,000

857,013

Millicom

International

Cellular

SA

(Guatemala) 

4.500%

due

04/27/31 ~

955,000

861,615

Motorola

Solutions,

Inc.

5.400%

due

04/15/34 

2,835,000

2,960,163

Netflix,

Inc.

4.875%

due

06/15/30 ~

11,605,000

11,976,153

4.900%

due

08/15/34 

435,000

450,111

Outfront

Media

Capital

LLC/Outfront

Media

Capital

Corp.

4.250%

due

01/15/29 ~

990,000

943,518

Prosus

NV

(China) 

3.061%

due

07/13/31 ~

4,120,000

3,637,751

3.832%

due

02/08/51 ~

450,000

316,970

Sprint

Capital

Corp.

8.750%

due

03/15/32 

2,275,000

2,824,425

T-Mobile

USA,

Inc.

2.550%

due

02/15/31 

2,510,000

2,237,832

2.625%

due

02/15/29 

1,290,000

1,202,676

2.700%

due

03/15/32 

8,100,000

7,146,757

2.875%

due

02/15/31 

950,000

864,602

3.375%

due

04/15/29 

480,000

461,066

3.875%

due

04/15/30 

2,600,000

2,529,102

4.700%

due

01/15/35 

10,000

9,969

Tencent

Holdings

Ltd.

(China) 

3.290%

due

06/03/60 ~

1,965,000

1,373,621

Time

Warner

Cable

LLC

4.500%

due

09/15/42 

2,115,000

1,621,570

5.500%

due

09/01/41 

125,000

108,440

6.550%

due

05/01/37 

520,000

514,917

6.750%

due

06/15/39 

6,155,000

6,166,799

Uber

Technologies,

Inc.

4.500%

due

08/15/29 ~

5,925,000

5,885,210

4.800%

due

09/15/34 

1,250,000

1,249,050

8

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Ziff

Davis,

Inc.

4.625%

due

10/15/30 ~

$

2,130,000

$

2,002,669

97,679,898

Consumer,

Cyclical

-

4.0%

American

Airlines

Pass-Through

Trust

Class A

3.600%

due

04/15/31 

1,691,538

1,563,944

American

Airlines,

Inc./AAdvantage

Loyalty

IP

Ltd.

5.750%

due

04/20/29 ~

1,635,000

1,633,639

American

Builders

&

Contractors

Supply

Co.,

Inc.

3.875%

due

11/15/29 ~

460,000

430,431

AutoNation,

Inc.

3.850%

due

03/01/32 

1,905,000

1,757,927

AutoZone,

Inc.

4.000%

due

04/15/30 

3,015,000

2,961,403

BorgWarner,

Inc.

5.400%

due

08/15/34 

960,000

980,744

Caesars

Entertainment,

Inc.

6.500%

due

02/15/32 ~

670,000

693,476

Carnival

Corp.

4.000%

due

08/01/28 ~

1,140,000

1,101,774

5.750%

due

03/01/27 ~

1,795,000

1,819,012

Choice

Hotels

International,

Inc.

5.850%

due

08/01/34 

525,000

541,651

Daimler

Truck

Finance

North

America

LLC

(Germany) 

5.500%

due

09/20/33 ~

1,910,000

1,999,389

Delta

Air

Lines,

Inc./SkyMiles

IP

Ltd.

4.500%

due

10/20/25 ~

93,750

93,195

4.750%

due

10/20/28 ~

2,385,000

2,382,880

Dick's

Sporting

Goods,

Inc.

4.100%

due

01/15/52 

1,850,000

1,415,239

Dollar

General

Corp.

3.500%

due

04/03/30 

1,245,000

1,172,422

DR

Horton,

Inc.

5.000%

due

10/15/34 

1,605,000

1,628,118

Falabella

SA

(Chile) 

3.375%

due

01/15/32 ~

1,550,000

1,305,258

Ford

Motor

Credit

Co.

LLC

2.900%

due

02/16/28 

650,000

603,686

4.125%

due

08/17/27 

1,590,000

1,549,026

5.125%

due

06/16/25 

295,000

294,954

6.800%

due

05/12/28 

380,000

398,279

7.122%

due

11/07/33 

1,065,000

1,151,754

Forestar

Group,

Inc.

3.850%

due

05/15/26 ~

835,000

817,114

General

Motors

Co.

5.000%

due

04/01/35 

2,515,000

2,438,318

5.600%

due

10/15/32 

555,000

572,701

General

Motors

Financial

Co.,

Inc.

2.350%

due

01/08/31 

635,000

543,797

3.100%

due

01/12/32 

3,920,000

3,430,505

6.100%

due

01/07/34 

290,000

302,138

Hilton

Grand

Vacations

Borrower

Escrow

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

6.625%

due

01/15/32 ~

2,225,000

2,253,803

Home

Depot,

Inc.

4.950%

due

06/25/34 

1,020,000

1,060,820

Hyundai

Capital

America

5.400%

due

06/24/31 ~

645,000

669,237

a

Principal

Amount

Value

6.100%

due

09/21/28 ~

$

5,150,000

$

5,435,774

Lear

Corp.

3.550%

due

01/15/52 

2,700,000

1,898,101

Lithia

Motors,

Inc.

4.375%

due

01/15/31 ~

1,130,000

1,052,345

Marriott

International,

Inc.

5.300%

due

05/15/34 

1,500,000

1,546,253

MDC

Holdings,

Inc.

6.000%

due

01/15/43 

90,000

95,879

Meritage

Homes

Corp.

3.875%

due

04/15/29 ~

1,630,000

1,559,179

MGM

Resorts

International

6.500%

due

04/15/32 

1,825,000

1,860,953

Mileage

Plus

Holdings

LLC/Mileage

Plus

Intellectual

Property

Assets

Ltd.

6.500%

due

06/20/27 ~

368,500

373,358

NCL

Corp.

Ltd.

5.875%

due

03/15/26 ~

535,000

535,368

5.875%

due

02/15/27 ~

4,555,000

4,574,190

Newell

Brands,

Inc.

5.700%

due

04/01/26 

5,000

5,017

Nissan

Motor

Acceptance

Co.

LLC

7.050%

due

09/15/28 ~

860,000

911,523

Nissan

Motor

Co.

Ltd.

(Japan) 

3.522%

due

09/17/25 ~

2,345,000

2,306,485

NVR,

Inc.

3.000%

due

05/15/30 

1,415,000

1,311,335

Phinia,

Inc.

6.750%

due

04/15/29 ~

555,000

573,458

Royal

Caribbean

Cruises

Ltd.

5.500%

due

04/01/28 ~

1,150,000

1,165,300

5.625%

due

09/30/31 ~

2,235,000

2,265,731

6.000%

due

02/01/33 ~

5,700,000

5,847,111

6.250%

due

03/15/32 ~

1,200,000

1,245,557

Sabre

GLBL,

Inc.

8.625%

due

06/01/27 ~

665,000

654,609

U.S.

Airways

Pass-Through

Trust

Class A

3.950%

due

05/15/27 

2,271,259

2,243,313

United

Airlines

Pass-Through

Trust

Class A

3.700%

due

09/01/31 

2,410,393

2,215,949

5.800%

due

07/15/37 

1,114,529

1,174,077

United

Airlines,

Inc.

4.625%

due

04/15/29 ~

1,580,000

1,527,732

Volkswagen

Group

of

America

Finance

LLC

(Germany) 

6.450%

due

11/16/30 ~

5,090,000

5,456,793

Warnermedia

Holdings,

Inc.

5.391%

due

03/15/62 

3,255,000

2,496,119

ZF

North

America

Capital,

Inc.

(Germany) 

6.750%

due

04/23/30 ~

1,020,000

1,029,368

6.875%

due

04/23/32 ~

1,210,000

1,215,025

92,142,536

Consumer,

Non-Cyclical

-

3.0%

Amgen,

Inc.

5.750%

due

03/02/63 

1,895,000

2,001,816

Anheuser-Busch

InBev

Worldwide,

Inc.

(Belgium) 

4.350%

due

06/01/40 

635,000

600,028

Ashtead

Capital,

Inc.

(United

Kingdom) 

5.800%

due

04/15/34 ~

1,235,000

1,291,478

5.950%

due

10/15/33 ~

1,570,000

1,654,678

Bausch

Health

Cos.,

Inc.

4.875%

due

06/01/28 ~

310,000

242,883

9

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

BRF

SA

(Brazil) 

5.750%

due

09/21/50 ~

$

2,290,000

$

1,987,861

Centene

Corp.

2.625%

due

08/01/31 

4,365,000

3,746,361

3.000%

due

10/15/30 

3,945,000

3,534,531

3.375%

due

02/15/30 

1,790,000

1,650,866

4.625%

due

12/15/29 

535,000

523,908

CVS

Health

Corp.

2.125%

due

09/15/31 

420,000

355,012

CVS

Pass-Through

Trust

6.036%

due

12/10/28 

1,245,929

1,267,455

Equifax,

Inc.

2.600%

due

12/15/25 

1,080,000

1,056,066

Global

Payments,

Inc.

5.400%

due

08/15/32 

3,965,000

4,072,414

HCA,

Inc.

4.625%

due

03/15/52 

1,905,000

1,654,871

5.450%

due

09/15/34 

360,000

370,557

5.500%

due

06/01/33 

2,545,000

2,643,690

5.600%

due

04/01/34 

5,340,000

5,566,541

Icon

Investments

Six

DAC

6.000%

due

05/08/34 

425,000

452,329

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Co./JBS

Lux

Co.

SARL

3.750%

due

12/01/31 

3,010,000

2,770,258

6.750%

due

03/15/34 ~

380,000

421,238

7.250%

due

11/15/53 ~

3,795,000

4,429,630

Kimberly-Clark

de

Mexico

SAB

de

CV

(Mexico) 

2.431%

due

07/01/31 ~

355,000

314,837

Kroger

Co.

5.500%

due

09/15/54 

985,000

992,030

Minerva

Luxembourg

SA

(Brazil) 

4.375%

due

03/18/31 ~

1,760,000

1,565,064

Pilgrim's

Pride

Corp.

3.500%

due

03/01/32 

1,860,000

1,653,008

Roche

Holdings,

Inc.

4.985%

due

03/08/34 ~

3,280,000

3,421,100

Smithfield

Foods,

Inc.

3.000%

due

10/15/30 ~

300,000

269,057

Teva

Pharmaceutical

Finance

Co.

LLC

(Israel) 

6.150%

due

02/01/36 

425,000

438,030

Teva

Pharmaceutical

Finance

Netherlands

III

BV

(Israel) 

3.150%

due

10/01/26 

7,845,000

7,546,551

4.100%

due

10/01/46 

9,230,000

6,868,651

4.750%

due

05/09/27 

530,000

523,195

8.125%

due

09/15/31 

340,000

390,236

United

Rentals

North

America,

Inc.

6.125%

due

03/15/34 ~

2,275,000

2,353,936

Viatris,

Inc.

4.000%

due

06/22/50 

375,000

269,108

68,899,274

Energy

-

4.3%

Aker

BP

ASA

(Norway) 

due

10/01/34 # ~

655,000

647,511

4.000%

due

01/15/31 ~

3,285,000

3,120,815

6.000%

due

06/13/33 ~

2,745,000

2,878,104

Baytex

Energy

Corp.

(Canada) 

7.375%

due

03/15/32 ~

1,565,000

1,560,789

Cheniere

Energy

Partners

LP

3.250%

due

01/31/32 

550,000

492,264

a

Principal

Amount

Value

5.950%

due

06/30/33 

$

5,710,000

$

6,046,011

Continental

Resources,

Inc.

2.875%

due

04/01/32 ~

6,980,000

5,900,021

5.750%

due

01/15/31 ~

5,720,000

5,854,418

DCP

Midstream

Operating

LP

6.450%

due

11/03/36 ~

1,515,000

1,635,179

6.750%

due

09/15/37 ~

1,000,000

1,106,700

Devon

Energy

Corp.

4.500%

due

01/15/30 

1,280,000

1,269,143

Ecopetrol

SA

(Colombia) 

8.375%

due

01/19/36 

1,465,000

1,498,878

Energean

Israel

Finance

Ltd.

(Israel) 

5.375%

due

03/30/28 ~

1,265,000

1,140,910

5.875%

due

03/30/31 ~

1,185,000

1,015,204

Energy

Transfer

LP

5.300%

due

04/15/47 

2,965,000

2,796,279

5.550%

due

05/15/34 

885,000

916,950

5.600%

due

09/01/34 

1,300,000

1,351,571

5.750%

due

02/15/33 

3,000,000

3,139,977

6.550%

due

12/01/33 

2,100,000

2,319,855

EQM

Midstream

Partners

LP

6.375%

due

04/01/29 ~

1,630,000

1,684,242

EQT

Corp.

3.125%

due

05/15/26 ~

25,000

24,360

3.900%

due

10/01/27 

590,000

580,216

5.000%

due

01/15/29 

450,000

455,550

5.750%

due

02/01/34 

2,530,000

2,601,822

Gray

Oak

Pipeline

LLC

3.450%

due

10/15/27 ~

510,000

493,507

Helmerich

&

Payne,

Inc.

5.500%

due

12/01/34 ~

4,315,000

4,205,249

Leviathan

Bond

Ltd.

(Israel) 

6.125%

due

06/30/25 ~

2,530,000

2,493,099

Occidental

Petroleum

Corp.

5.550%

due

10/01/34 

235,000

238,747

6.450%

due

09/15/36 

2,215,000

2,393,850

7.875%

due

09/15/31 

367,000

425,072

Ovintiv,

Inc.

6.250%

due

07/15/33 

715,000

757,135

6.500%

due

08/15/34 

1,485,000

1,604,345

Permian

Resources

Operating

LLC

6.250%

due

02/01/33 ~

3,015,000

3,065,863

Raizen

Fuels

Finance

SA

(Brazil) 

6.450%

due

03/05/34 ~

1,105,000

1,170,240

6.950%

due

03/05/54 ~

785,000

838,348

Saudi

Arabian

Oil

Co.

(Saudi

Arabia) 

3.500%

due

11/24/70 ~

1,755,000

1,176,706

Sempra

Infrastructure

Partners

LP

3.250%

due

01/15/32 ~

2,030,000

1,736,035

SM

Energy

Co.

6.750%

due

08/01/29 ~

975,000

979,801

7.000%

due

08/01/32 ~

985,000

989,482

SunCoke

Energy,

Inc.

4.875%

due

06/30/29 ~

670,000

608,173

Targa

Resources

Corp.

5.500%

due

02/15/35 

400,000

412,112

6.500%

due

03/30/34 

7,740,000

8,557,549

Targa

Resources

Partners

LP/Targa

Resources

Partners

Finance

Corp.

4.000%

due

01/15/32 

170,000

160,104

6.500%

due

07/15/27 

265,000

268,520

Thaioil

Treasury

Center

Co.

Ltd.

(Thailand) 

3.750%

due

06/18/50 ~

3,685,000

2,732,722

10

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Var

Energi

ASA

(Norway) 

8.000%

due

11/15/32 ~

$

2,490,000

$

2,890,236

Venture

Global

Calcasieu

Pass

LLC

3.875%

due

11/01/33 ~

1,885,000

1,692,078

4.125%

due

08/15/31 ~

755,000

702,542

Viper

Energy,

Inc.

7.375%

due

11/01/31 ~

550,000

582,163

Western

Midstream

Operating

LP

5.250%

due

02/01/50 

600,000

544,624

5.300%

due

03/01/48 

130,000

118,164

5.500%

due

08/15/48 

960,000

891,494

6.150%

due

04/01/33 

2,525,000

2,671,165

Whistler

Pipeline

LLC

5.700%

due

09/30/31 ~

595,000

616,280

5.950%

due

09/30/34 ~

665,000

688,948

Williams

Cos.,

Inc.

7.500%

due

01/15/31 

2,307,000

2,631,978

99,373,100

Financial

-

13.5%

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust

(Ireland) 

3.000%

due

10/29/28 

540,000

510,272

3.400%

due

10/29/33 

11,155,000

9,873,967

5.100%

due

01/19/29 

1,575,000

1,610,407

AIB

Group

PLC

(Ireland) 

5.871%

due

03/28/35 ~

950,000

1,001,958

Air

Lease

Corp.

3.125%

due

12/01/30 

3,270,000

2,994,551

3.750%

due

06/01/26 

2,905,000

2,873,877

Aircastle

Ltd.

2.850%

due

01/26/28 ~

3,125,000

2,924,517

5.950%

due

02/15/29 ~

355,000

367,925

6.500%

due

07/18/28 ~

5,140,000

5,394,118

American

Homes

4

Rent

LP

3.375%

due

07/15/51 

385,000

272,650

American

Tower

Corp.

5.900%

due

11/15/33 

5,240,000

5,634,780

Antares

Holdings

LP

(Canada) 

3.750%

due

07/15/27 ~

6,845,000

6,496,733

3.950%

due

07/15/26 ~

1,065,000

1,036,237

Ardonagh

Finco

Ltd.

(United

Kingdom) 

7.750%

due

02/15/31 ~

2,700,000

2,793,361

ARES

Capital

Corp.

2.150%

due

07/15/26 

3,695,000

3,513,078

Arthur

J

Gallagher

&

Co.

5.450%

due

07/15/34 

585,000

609,965

Athene

Holding

Ltd.

3.500%

due

01/15/31 

5,055,000

4,709,311

5.875%

due

01/15/34 

3,630,000

3,801,493

Aviation

Capital

Group

LLC

6.375%

due

07/15/30 ~

6,080,000

6,519,496

Avolon

Holdings

Funding

Ltd.

(Ireland) 

2.750%

due

02/21/28 ~

2,325,000

2,173,674

Banco

Santander

Chile

(Chile) 

2.700%

due

01/10/25 ~

1,270,000

1,260,781

Banco

Santander

Mexico

SA

Institucion

de

Banca

Multiple

Grupo

Financiero

Santand

(Mexico) 

5.375%

due

04/17/25 ~

860,000

861,824

Banco

Santander

SA

(Spain) 

1.849%

due

03/25/26 

1,200,000

1,154,106

2.958%

due

03/25/31 

1,200,000

1,089,812

a

Principal

Amount

Value

Bangkok

Bank

PCL

(Thailand) 

5.650%

due

07/05/34 ~

$

610,000

$

641,663

Bank

of

America

Corp.

2.592%

due

04/29/31 

1,320,000

1,197,632

2.972%

due

02/04/33 

960,000

860,146

3.419%

due

12/20/28 

1,967,000

1,913,946

3.974%

due

02/07/30 

660,000

648,645

5.288%

due

04/25/34 

2,850,000

2,964,100

5.872%

due

09/15/34 

9,050,000

9,767,913

6.204%

due

11/10/28 

1,690,000

1,784,309

Barclays

PLC

(United

Kingdom) 

6.224%

due

05/09/34 

2,320,000

2,500,408

BBVA

Bancomer

SA

(Mexico) 

1.875%

due

09/18/25 ~

1,200,000

1,168,217

5.250%

due

09/10/29 ~

1,065,000

1,081,028

Blackstone

Secured

Lending

Fund

2.125%

due

02/15/27 

2,150,000

2,004,333

Blue

Owl

Capital

Corp.

2.625%

due

01/15/27 

2,725,000

2,572,520

2.875%

due

06/11/28 

4,325,000

3,964,236

Blue

Owl

Finance

LLC

6.250%

due

04/18/34 ~

3,035,000

3,179,622

Blue

Owl

Technology

Finance

Corp.

2.500%

due

01/15/27 

1,645,000

1,531,186

3.750%

due

06/17/26 ~

1,600,000

1,541,090

BNP

Paribas

SA

(France) 

1.323%

due

01/13/27 ~

3,135,000

3,003,933

2.219%

due

06/09/26 ~

930,000

912,317

4.375%

due

03/01/33 ~

970,000

944,842

4.400%

due

08/14/28 ~

1,265,000

1,258,997

4.625%

due

03/13/27 ~

555,000

553,426

5.125%

due

01/13/29 ~

1,150,000

1,174,813

5.176%

due

01/09/30 ~

2,615,000

2,683,977

5.198%

due

01/10/30 ~

920,000

942,187

Brighthouse

Financial,

Inc.

5.625%

due

05/15/30 

2,205,000

2,289,167

CaixaBank

SA

(Spain) 

6.840%

due

09/13/34 ~

1,505,000

1,680,073

Capital

One

Financial

Corp.

6.377%

due

06/08/34 

3,655,000

3,949,965

Citigroup,

Inc.

3.106%

due

04/08/26 

655,000

648,664

3.980%

due

03/20/30 

720,000

705,335

5.500%

due

09/13/25 

515,000

518,280

CNA

Financial

Corp.

5.125%

due

02/15/34 

460,000

470,721

CNO

Financial

Group,

Inc.

5.250%

due

05/30/29 

1,410,000

1,428,141

Credit

Agricole

SA

(France) 

4.000%

due

01/10/33 ~

455,000

438,319

6.251%

due

01/10/35 ~

9,550,000

10,196,228

Danske

Bank

AS

(Denmark) 

due

10/02/30 # ~

990,000

989,210

Deutsche

Bank

AG

(Germany) 

2.129%

due

11/24/26 

2,900,000

2,809,295

3.729%

due

01/14/32 

4,535,000

4,071,211

7.079%

due

02/10/34 

2,505,000

2,699,205

EPR

Properties

3.600%

due

11/15/31 

675,000

602,316

Equinix,

Inc.

2.150%

due

07/15/30 

3,125,000

2,762,964

Extra

Space

Storage

LP

2.350%

due

03/15/32 

655,000

553,178

11

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

5.900%

due

01/15/31 

$

1,375,000

$

1,459,309

Fidelity

National

Financial,

Inc.

3.400%

due

06/15/30 

7,045,000

6,565,558

FS

KKR

Capital

Corp.

3.400%

due

01/15/26 

2,975,000

2,901,419

GLP

Capital

LP/GLP

Financing

II,

Inc.

3.250%

due

01/15/32 

1,260,000

1,115,748

Goldman

Sachs

Group,

Inc.

3.691%

due

06/05/28 

535,000

526,597

5.950%

due

01/15/27 

326,000

338,041

6.750%

due

10/01/37 

2,955,000

3,404,171

Host

Hotels

&

Resorts

LP

5.500%

due

04/15/35 

3,320,000

3,369,496

HSBC

Holdings

PLC

(United

Kingdom) 

3.973%

due

05/22/30 

1,380,000

1,344,971

4.762%

due

03/29/33 

2,585,000

2,549,865

Intesa

Sanpaolo

SpA

(Italy) 

4.198%

due

06/01/32 ~

265,000

236,432

6.625%

due

06/20/33 ~

1,525,000

1,668,030

7.200%

due

11/28/33 ~

3,540,000

4,034,302

Invitation

Homes

Operating

Partnership

LP

4.875%

due

02/01/35 

705,000

696,287

Iron

Mountain,

Inc.

4.500%

due

02/15/31 ~

1,930,000

1,832,394

Jefferies

Financial

Group,

Inc.

6.200%

due

04/14/34 

745,000

797,861

6.250%

due

01/15/36 

3,960,000

4,285,157

JPMorgan

Chase

&

Co.

2.522%

due

04/22/31 

2,660,000

2,417,217

2.739%

due

10/15/30 

1,560,000

1,445,600

2.956%

due

05/13/31 

2,215,000

2,037,875

4.452%

due

12/05/29 

915,000

919,439

4.912%

due

07/25/33 

6,300,000

6,436,763

Liberty

Mutual

Group,

Inc.

3.950%

due

05/15/60 ~

1,095,000

808,112

Macquarie

Airfinance

Holdings

Ltd.

(United

Kingdom) 

5.150%

due

03/17/30 ~

515,000

516,555

Macquarie

Bank

Ltd.

(Australia) 

3.231%

due

03/21/25 ~

1,855,000

1,841,740

Main

Street

Capital

Corp.

6.950%

due

03/01/29 

545,000

568,867

Mitsubishi

UFJ

Financial

Group,

Inc.

(Japan) 

2.309%

due

07/20/32 

1,780,000

1,545,558

Morgan

Stanley

2.188%

due

04/28/26 

870,000

856,555

2.484%

due

09/16/36 

6,450,000

5,399,055

2.699%

due

01/22/31 

1,415,000

1,296,562

3.622%

due

04/01/31 

3,040,000

2,919,793

5.164%

due

04/20/29 

2,045,000

2,102,613

5.424%

due

07/21/34 

1,315,000

1,371,906

5.831%

due

04/19/35 

1,660,000

1,783,739

5.942%

due

02/07/39 

2,555,000

2,683,592

6.342%

due

10/18/33 

2,440,000

2,714,309

Mutual

of

Omaha

Insurance

Co.

6.800%

due

06/15/36 ~

1,000,000

1,101,759

NatWest

Group

PLC

(United

Kingdom) 

4.892%

due

05/18/29 

360,000

363,857

5.076%

due

01/27/30 

1,840,000

1,874,867

Navient

Corp.

5.000%

due

03/15/27 

1,785,000

1,770,627

a

Principal

Amount

Value

Penn

Mutual

Life

Insurance

Co.

6.650%

due

06/15/34 ~

$

2,170,000

$

2,359,478

PNC

Financial

Services

Group,

Inc.

5.068%

due

01/24/34 

920,000

933,205

Rocket

Mortgage

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

2.875%

due

10/15/26 ~

315,000

302,661

3.625%

due

03/01/29 ~

2,915,000

2,743,324

3.875%

due

03/01/31 ~

6,105,000

5,626,491

4.000%

due

10/15/33 ~

5,070,000

4,533,242

Santander

Holdings

USA,

Inc.

2.490%

due

01/06/28 

1,720,000

1,630,756

SBA

Communications

Corp.

3.125%

due

02/01/29 

1,085,000

1,003,755

Societe

Generale

SA

(France) 

2.625%

due

01/22/25 ~

2,935,000

2,910,394

3.653%

due

07/08/35 ~

4,340,000

3,892,712

6.066%

due

01/19/35 ~

1,990,000

2,076,594

7.132%

due

01/19/55 ~

2,185,000

2,227,863

Standard

Chartered

PLC

(United

Kingdom) 

2.819%

due

01/30/26 ~

2,895,000

2,870,803

3.265%

due

02/18/36 ~

6,670,000

5,979,172

6.296%

due

07/06/34 ~

3,105,000

3,365,434

Stewart

Information

Services

Corp.

3.600%

due

11/15/31 

2,050,000

1,803,927

Sumitomo

Mitsui

Financial

Group,

Inc.

(Japan) 

3.040%

due

07/16/29 

2,255,000

2,125,093

Synchrony

Financial

5.935%

due

08/02/30 

1,690,000

1,736,992

Truist

Financial

Corp.

5.867%

due

06/08/34 

1,130,000

1,201,735

UBS

Group

AG

(Switzerland) 

2.746%

due

02/11/33 ~

850,000

736,972

3.091%

due

05/14/32 ~

2,240,000

2,020,957

4.194%

due

04/01/31 ~

3,155,000

3,082,214

4.751%

due

05/12/28 ~

675,000

679,423

5.699%

due

02/08/35 ~

1,270,000

1,341,081

6.442%

due

08/11/28 ~

680,000

715,500

6.537%

due

08/12/33 ~

1,885,000

2,081,798

9.016%

due

11/15/33 ~

2,780,000

3,515,006

UniCredit

SpA

(Italy) 

1.982%

due

06/03/27 ~

2,585,000

2,472,739

5.459%

due

06/30/35 ~

455,000

447,864

VICI

Properties

LP

5.125%

due

05/15/32 

5,965,000

5,994,372

311,400,806

Industrial

-

4.0%

Amphenol

Corp.

5.250%

due

04/05/34 

780,000

815,227

BAE

Systems

PLC

(United

Kingdom) 

3.400%

due

04/15/30 ~

1,605,000

1,520,850

5.300%

due

03/26/34 ~

4,340,000

4,515,404

Boeing

Co.

2.196%

due

02/04/26 

485,000

467,232

3.750%

due

02/01/50 

690,000

485,457

5.150%

due

05/01/30 

2,750,000

2,757,535

5.705%

due

05/01/40 

4,460,000

4,354,478

5.805%

due

05/01/50 

6,965,000

6,733,401

5.930%

due

05/01/60 

155,000

148,614

6.298%

due

05/01/29 ~

895,000

941,929

6.388%

due

05/01/31 ~

710,000

755,249

6.528%

due

05/01/34 ~

730,000

783,759

12

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

6.858%

due

05/01/54 ~

$

4,060,000

$

4,459,244

7.008%

due

05/01/64 ~

1,170,000

1,290,000

Bombardier,

Inc.

(Canada) 

7.000%

due

06/01/32 ~

1,135,000

1,188,556

Cemex

SAB

de

CV

(Mexico) 

3.875%

due

07/11/31 ~

12,995,000

11,972,323

5.125%

due

06/08/26 ~

2,340,000

2,306,369

Embraer

Netherlands

Finance

BV

(Brazil) 

7.000%

due

07/28/30 ~

1,720,000

1,874,203

Empresa

de

los

Ferrocarriles

del

Estado

(Chile) 

3.068%

due

08/18/50 ~

620,000

402,834

GATX

Corp.

6.050%

due

03/15/34 

630,000

679,217

6.050%

due

06/05/54 

640,000

692,605

Ingersoll

Rand,

Inc.

5.700%

due

08/14/33 

2,770,000

2,968,849

Jabil,

Inc.

3.000%

due

01/15/31 

1,990,000

1,785,623

5.450%

due

02/01/29 

500,000

514,975

Jacobs

Engineering

Group,

Inc.

6.350%

due

08/18/28 

2,450,000

2,608,302

Klabin

Austria

GmbH

(Brazil) 

7.000%

due

04/03/49 ~

1,670,000

1,800,766

Mohawk

Industries,

Inc.

5.850%

due

09/18/28 

1,655,000

1,746,177

Nordson

Corp.

5.800%

due

09/15/33 

1,285,000

1,387,071

Owens

Corning

5.700%

due

06/15/34 

690,000

732,945

7.000%

due

12/01/36 

3,525,000

4,102,786

RTX

Corp.

5.150%

due

02/27/33 

4,600,000

4,784,004

Sensata

Technologies,

Inc.

3.750%

due

02/15/31 ~

1,245,000

1,141,212

Sitios

Latinoamerica

SAB

de

CV

(Brazil) 

5.375%

due

04/04/32 ~

2,565,000

2,491,952

TD

SYNNEX

Corp.

6.100%

due

04/12/34 

3,345,000

3,541,366

Textron,

Inc.

6.100%

due

11/15/33 

5,285,000

5,728,982

Trimble,

Inc.

6.100%

due

03/15/33 

2,600,000

2,807,960

Veralto

Corp.

5.450%

due

09/18/33 

3,805,000

3,993,854

91,281,310

Technology

-

2.9%

Atlassian

Corp.

5.250%

due

05/15/29 

1,740,000

1,799,844

5.500%

due

05/15/34 

4,705,000

4,925,926

Broadcom,

Inc.

3.137%

due

11/15/35 ~

1,405,000

1,202,011

3.187%

due

11/15/36 ~

14,320,000

12,142,627

CDW

LLC/CDW

Finance

Corp.

3.569%

due

12/01/31 

7,180,000

6,576,166

5.550%

due

08/22/34 

1,740,000

1,782,440

Entegris,

Inc.

4.750%

due

04/15/29 ~

3,575,000

3,526,202

Fiserv,

Inc.

5.625%

due

08/21/33 

3,885,000

4,116,843

Hewlett

Packard

Enterprise

Co.

6.200%

due

10/15/35 

2,445,000

2,671,279

a

Principal

Amount

Value

Leidos,

Inc.

5.750%

due

03/15/33 

$

3,500,000

$

3,684,161

Microchip

Technology,

Inc.

5.050%

due

03/15/29 

2,730,000

2,804,470

Micron

Technology,

Inc.

5.875%

due

09/15/33 

12,580,000

13,462,461

Oracle

Corp.

2.875%

due

03/25/31 

1,830,000

1,665,707

4.100%

due

03/25/61 

2,145,000

1,688,702

6.250%

due

11/09/32 

1,940,000

2,147,295

Western

Digital

Corp.

2.850%

due

02/01/29 

1,315,000

1,200,051

4.750%

due

02/15/26 

940,000

935,633

66,331,818

Utilities

-

1.0%

AES

Corp.

3.950%

due

07/15/30 ~

2,390,000

2,285,282

Boston

Gas

Co.

3.001%

due

08/01/29 ~

410,000

380,602

Clearway

Energy

Operating

LLC

3.750%

due

02/15/31 ~

2,200,000

2,016,520

Cometa

Energia

SA

de

CV

(Mexico) 

6.375%

due

04/24/35 ~

3,151,335

3,200,644

Duke

Energy

Corp.

5.450%

due

06/15/34 

1,840,000

1,921,419

Enel

Americas

SA

(Chile) 

4.000%

due

10/25/26 

505,000

501,428

Enel

Finance

International

NV

(Italy) 

6.800%

due

09/15/37 ~

2,100,000

2,386,353

Entergy

Corp.

2.800%

due

06/15/30 

650,000

594,222

IPALCO

Enterprises,

Inc.

4.250%

due

05/01/30 

610,000

590,041

Lightning

Power

LLC

7.250%

due

08/15/32 ~

1,260,000

1,326,020

NRG

Energy,

Inc.

4.450%

due

06/15/29 ~

1,810,000

1,770,985

Pacific

Gas

&

Electric

Co.

2.500%

due

02/01/31 

350,000

306,773

3.250%

due

06/01/31 

1,290,000

1,175,095

4.300%

due

03/15/45 

1,835,000

1,536,614

Southern

Co.

5.700%

due

03/15/34 

1,335,000

1,433,428

Transelec

SA

(Chile) 

4.250%

due

01/14/25 ~

885,000

884,026

22,309,452

Total

Corporate

Bonds

&

Notes

    (Cost

$872,950,909)

919,934,926

CONVERTIBLE

CORPORATE

BONDS

&

NOTES

-

0.6%

Communications

-

0.2%

DISH

Network

Corp.

3.375%

due

08/15/26 

4,500,000

3,644,350

18.936%

due

12/15/25 

1,805,000

1,572,717

5,217,067

Consumer,

Cyclical

-

0.1%

Carnival

Corp.

5.750%

due

12/01/27 

430,000

693,321

13

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Southwest

Airlines

Co.

1.250%

due

05/01/25 

$

980,000

$

990,955

1,684,276

Consumer,

Non-Cyclical

-

0.2%

BioMarin

Pharmaceutical,

Inc.

1.250%

due

05/15/27 

3,925,000

3,745,431

Utilities

-

0.1%

PPL

Capital

Funding,

Inc.

2.875%

due

03/15/28 

2,995,000

3,179,941

Total

Convertible

Corporate

Bonds

&

Notes

    (Cost

$12,352,623)

13,826,715

SENIOR

LOAN

NOTES

-

1.2%

Basic

Materials

-

0.2%

Asplundh

Tree

Expert

LLC

Term

B

due

05/23/31

§ ∞

3,348,240

3,354,779

Consumer,

Cyclical

-

0.6%

Hilton

Domestic

Operating

Co.,

Inc.

Term

B4

7.026%

(SOFR

+

1.750%)

due

11/08/30

§

1,914,058

1,914,536

Hilton

Grand

Vacations

Borrower

LLC

Term

B

due

08/02/28

§ ∞

175,327

174,538

7.497%

(SOFR

+

2.250%)

due

01/17/31

§

4,354,716

4,331,126

Resideo

Funding,

Inc.

Term

B

7.252%

(SOFR

+

2.000%)

due

02/11/28

§

530,621

531,948

7.301%

(SOFR

+

2.000%)

due

06/13/31

± §

2,405,190

2,417,216

Wyndham

Hotels

&

Resorts,

Inc.

Term

B

6.997%

(SOFR

+

1.750%)

due

05/24/30

§

5,394,249

5,399,428

14,768,792

Consumer,

Non-Cyclical

-

0.2%

Trans

Union

LLC

Term

B8

6.997%

(SOFR

+

1.750%)

due

06/24/31

§

5,454,748

5,452,473

Industrial

-

0.2%

Summit

Materials

LLC

Term

B2

7.054%

(SOFR

+

1.750%)

due

01/12/29

§

3,820,401

3,840,527

Total

Senior

Loan

Notes

    (Cost

$27,426,922)

27,416,571

MORTGAGE-BACKED

SECURITIES

-

17.3%

Collateralized

Mortgage

Obligations

-

Commercial

-

2.0%

Bank

2.978%

due

11/15/62 

600,000

555,018

5.203%

due

02/15/56 

1,020,000

1,056,479

5.745%

due

08/15/56 

525,000

567,238

Benchmark

Mortgage

Trust

6.363%

due

07/15/56 §

235,000

249,335

a

Principal

Amount

Value

BPR

Trust

6.995%

(SOFR

+

1.898%)

due

04/15/37 ~ §

$

100,000

$

100,457

BX

Trust

6.588%

(SOFR

+

1.491%)

due

07/15/29 ~ §

500,000

500,782

Citigroup

Commercial

Mortgage

Trust

2.896%

due

11/15/49 

1,461,451

1,422,266

3.102%

due

12/15/72 

1,870,000

1,751,816

CSMC

Trust

3.304%

due

09/15/37 ~

183,088

163,681

3.953%

due

09/15/37 ~

5,800,000

5,190,575

4.373%

due

09/15/37 ~

1,700,000

872,950

DBJPM

Mortgage

Trust

2.890%

due

08/10/49 

1,005,000

970,173

Extended

Stay

America

Trust

6.291%

(SOFR

+

1.194%)

due

07/15/38 ~ §

3,831,452

3,829,751

7.461%

(SOFR

+

2.364%)

due

07/15/38 ~ §

4,420,426

4,435,376

Federal

Home

Loan

Mortgage

Corp.

Multifamily

Structured

Pass-Through

Certificates

(IO)

0.294%

due

07/25/33 ± § Ω

7,993,269

105,350

0.352%

due

06/25/32 §

22,513,177

391,795

0.403%

due

03/25/32 §

6,889,975

136,759

0.419%

due

05/25/33 ± § Ω

19,997,197

433,258

0.450%

due

04/25/55 §

13,178,366

302,936

0.489%

due

06/25/32 §

18,286,115

469,860

0.494%

due

12/25/31 ± § Ω

14,913,848

306,662

0.578%

due

02/25/36 ± § Ω

4,969,140

183,364

0.609%

due

03/25/31 ± § Ω

16,817,691

444,272

0.648%

due

12/25/27 ± § Ω

5,941,089

87,013

0.739%

due

10/25/26 ± § Ω

15,801,140

154,987

0.808%

due

12/25/30 ± § Ω

11,177,426

406,475

0.862%

due

03/25/28 ± § Ω

6,040,298

103,083

1.012%

due

06/25/29 ± § Ω

7,158,089

245,691

1.362%

due

06/25/27 ± § Ω

1,429,433

31,709

1.403%

due

07/25/26 ± § Ω

4,872,185

82,599

1.439%

due

01/25/30 ± § Ω

3,294,430

192,051

Government

National

Mortgage

Association

(IO)

0.052%

due

10/16/48 ± § Ω

4,276,392

5,112

0.329%

due

01/16/53 ± § Ω

23,113,662

227,033

0.446%

due

08/16/58 ± § Ω

1,196,117

27,785

0.504%

due

04/16/57 ± § Ω

1,562,386

44,065

0.520%

due

12/16/59 ± § Ω

1,581,477

53,231

0.526%

due

02/16/59 ± § Ω

1,815,269

55,189

0.566%

due

01/16/63 ± § Ω

4,782,810

212,094

0.567%

due

07/16/58 ± § Ω

855,039

22,692

0.568%

due

11/16/47 ± § Ω

7,199,072

138,106

0.571%

due

02/16/62 ± § Ω

3,346,119

155,083

0.611%

due

06/16/64 ± § Ω

5,995,409

347,021

0.640%

due

02/16/61 ± § Ω

2,090,524

102,216

0.686%

due

11/16/55 ± § Ω

5,348,847

137,569

0.802%

due

01/16/61 §

11,935,412

706,461

0.826%

due

05/16/63 ± § Ω

4,518,952

276,048

0.839%

due

05/16/60 ± § Ω

1,673,210

94,494

0.873%

due

10/16/62 ± § Ω

2,626,944

164,678

0.913%

due

11/16/60 ± § Ω

5,495,839

356,873

1.422%

due

10/16/60 §

29,694,388

2,688,147

GS

Mortgage

Securities

Corp.

Trust

3.668%

due

03/05/33 ~ §

1,310,000

1,161,245

14

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

GS

Mortgage

Securities

Trust

2.911%

due

02/13/53 

$

1,552,462

$

1,427,284

3.164%

due

05/10/50 

1,473,573

1,418,630

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2.822%

due

08/15/49 

1,700,000

1,643,782

LEX

Mortgage

Trust

4.874%

due

10/13/33 ~ §

500,000

500,874

SCOTT

Trust

5.910%

due

03/10/40 ~

170,000

175,425

Wells

Fargo

Commercial

Mortgage

Trust

4.000%

due

04/15/55 §

5,314,000

5,112,038

WFRBS

Commercial

Mortgage

Trust

4.204%

due

11/15/47 §

3,830,000

3,716,053

46,712,989

Collateralized

Mortgage

Obligations

-

Residential

-

2.8%

ATLX

Trust

3.850%

due

04/25/64 ~ §

872,237

846,254

CoreVest

American

Finance

Ltd.

7.553%

due

12/28/30 ~ §

3,070,000

3,150,164

CSMC

Trust

1.101%

due

05/25/66 ~ §

709,778

616,843

2.000%

due

01/25/60 ~

1,218,334

1,088,441

2.976%

due

07/25/57 ~ §

9,880,000

9,283,070

Federal

Home

Loan

Mortgage

Corp.

REMICS

(IO)

0.493%

(5.836%

-

SOFR)

due

10/15/41 ± § Ω

182,732

21,575

0.543%

(5.886%

-

SOFR)

due

05/15/44 ± § Ω

957,733

109,286

0.573%

(5.916%

-

SOFR)

due

09/15/37 ± § Ω

521,278

55,422

0.593%

(5.936%

-

SOFR)

due

08/15/39 ± § Ω

476,566

50,070

0.773%

(6.116%

-

SOFR)

due

01/15/40 ± § Ω

90,331

8,101

0.793%

(6.136%

-

SOFR)

due

09/15/42 ± § Ω

304,811

25,065

0.833%

(6.176%

-

SOFR)

due

11/15/36 ± § Ω

166,604

19,037

3.000%

due

12/15/31 ± Ω

97,452

3,426

3.500%

due

06/15/27 ± Ω

242,814

5,043

Federal

National

Mortgage

Association

Connecticut

Avenue

Securities

Trust

6.380%

(SOFR

+

1.100%)

due

02/25/44 ~ §

942,965

943,780

Federal

National

Mortgage

Association

Interest

STRIPS

(IO)

3.000%

due

11/25/26

-

04/25/27

± Ω

412,464

8,798

3.500%

due

11/25/41 ± Ω

539,785

78,246

4.000%

due

11/25/41 ± Ω

892,634

161,747

4.500%

due

11/25/39 ± Ω

115,932

21,354

5.000%

due

01/25/38

-

01/25/39

± Ω

311,511

53,657

5.000%

due

01/25/39

± § Ω

80,722

14,597

5.500%

due

01/25/39 ± § Ω

75,506

15,056

6.000%

due

01/25/38

-

07/25/38

± Ω

313,600

63,469

Federal

National

Mortgage

Association

REMICS

(IO)

0.755%

(6.036%

-

SOFR)

due

09/25/41

-

08/25/45

± § Ω

2,617,844

243,407

1.085%

(6.366%

-

SOFR)

due

04/25/40 ± § Ω

209,643

26,717

1.198%

due

10/25/35 ± § Ω

126,086

4,896

a

Principal

Amount

Value

1.205%

(6.486%

-

SOFR)

due

07/25/42 ± § Ω

$

68,606

$

9,109

1.255%

(6.536%

-

SOFR)

due

03/25/42 ± § Ω

419,627

32,996

1.381%

due

03/25/36 ± § Ω

74,705

2,902

1.991%

due

07/25/36 ± § Ω

135,659

5,232

3.000%

due

04/25/32

-

09/25/32

± Ω

266,017

10,446

3.500%

due

07/25/28 ± Ω

168,030

4,751

4.500%

due

09/25/48 ± Ω

1,790,108

237,848

5.500%

due

06/25/44 ± Ω

420,002

34,866

5.707%

due

12/25/36 ± § Ω

579,754

27,899

GITSIT

Mortgage

Loan

Trust

7.466%

due

06/25/54 ~ §

1,824,608

1,862,296

Government

National

Mortgage

Association

REMICS

(IO)

0.889%

(5.986%

-

SOFR)

due

08/16/42 ± § Ω

348,926

46,493

0.939%

(6.036%

-

SOFR)

due

06/16/43 ± § Ω

267,946

15,314

0.989%

(6.086%

-

SOFR)

due

10/16/42 ± § Ω

470,155

62,831

1.389%

(6.486%

-

SOFR)

due

04/16/42 ± § Ω

948,448

161,065

1.405%

(6.366%

-

SOFR)

due

04/20/40 ± § Ω

50,237

6,709

1.475%

(6.436%

-

SOFR)

due

06/20/40 ± § Ω

936,627

134,964

3.500%

due

05/20/43

-

04/20/50

± Ω

2,065,406

369,696

3.500%

due

07/20/50

5,636,343

1,029,827

4.000%

due

04/16/45

-

01/16/46

± Ω

1,176,167

197,803

4.000%

due

02/16/50

7,940,227

1,527,177

4.500%

due

09/16/45

-

06/20/52

20,798,021

3,983,719

5.000%

due

05/16/43

± Ω

4,455,712

432,931

5.000%

due

10/20/44

2,524,985

537,162

5.767%

(SOFR

+

0.414%)

due

02/20/68

-

07/20/68

§

895,999

891,926

5.967%

(SOFR

+

0.614%)

due

03/20/61 §

259,602

259,331

6.462%

(SOFR

+

1.114%)

due

05/20/60 ± § Ω

69,811

69,478

Legacy

Mortgage

Asset

Trust

2.250%

due

07/25/67 ~ §

3,041,204

3,020,244

4.750%

due

04/25/61 ~ §

1,611,605

1,624,284

Mill

City

Mortgage

Loan

Trust

1.850%

due

11/25/60 ~ §

625,000

559,508

2.500%

due

11/25/60 ~ §

700,000

615,982

3.750%

due

05/25/58 ~ §

244,631

239,801

New

Residential

Mortgage

Loan

Trust

3.800%

due

01/25/64 ~ §

3,048,373

2,899,618

6.664%

due

03/25/39 ~ §

1,655,000

1,684,867

NLT

Trust

3.200%

due

10/25/62 ~ §

1,319,184

1,201,148

NYMT

Loan

Trust

3.750%

due

02/25/68 ~ §

2,250,240

2,145,474

5.268%

due

09/25/39 ~ §

770,000

772,194

6.509%

due

05/25/39 ~ §

1,670,000

1,695,994

PRET

LLC

6.996%

due

07/25/54 ~ §

584,854

592,257

PRKCM

Trust

2.071%

due

11/25/56 ~ §

899,691

795,511

PRPM

LLC

due

09/25/29 # ~ §

310,000

311,862

3.750%

due

03/25/54 ~ §

998,022

974,548

4.000%

due

11/25/53 ~ §

2,130,979

2,084,659

15

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

4.200%

due

12/25/64 ~ §

$

2,257,737

$

2,218,458

6.959%

due

02/25/29 ~ §

1,813,220

1,823,242

7.026%

due

03/25/29 ~ §

936,934

944,481

RCO

VII

Mortgage

LLC

7.021%

due

01/25/29 ~ §

2,711,204

2,732,645

Redwood

Funding

Trust

7.500%

due

07/25/59 ~ §

640,016

640,927

7.745%

due

12/25/54 ~ §

474,722

482,600

Toorak

Mortgage

Trust

6.597%

due

02/25/39 ~ §

1,090,000

1,107,146

Towd

Point

Mortgage

Trust

2.900%

due

10/25/59 ~ §

521,035

500,905

3.750%

due

12/25/58 ~ §

505,000

469,041

TVC

Mortgage

Trust

5.545%

due

07/25/39 ~ §

2,035,000

2,044,082

Verus

Securitization

Trust

1.013%

due

09/25/66 ~ §

772,601

662,299

VOLT

XCII

LLC

4.893%

due

02/27/51 ~ §

1,052,216

1,047,213

VOLT

XCIV

LLC

5.239%

due

02/27/51 ~ §

410,125

410,722

65,174,004

Federal

Home

Loan

Mortgage

Corp.

-

4.5%

2.000%

due

12/01/51 

47,945,747

39,673,734

2.500%

due

11/01/50

-

04/01/52

34,070,860

29,682,803

3.000%

due

11/01/49

-

05/01/52

4,993,021

4,539,508

3.500%

due

04/01/52

-

06/01/52

6,336,461

5,926,579

4.000%

due

06/01/44

-

02/01/53

10,478,303

10,213,262

4.500%

due

03/01/47

-

11/01/52

3,451,400

3,424,326

5.000%

due

03/01/38

-

06/01/53

4,966,717

5,028,557

5.500%

due

04/01/53

-

06/01/53

3,458,408

3,511,603

6.000%

due

11/01/39 

1,056,380

1,114,752

6.500%

due

01/01/53 

277,368

286,804

7.000%

due

03/01/39 

92,616

97,248

103,499,176

Federal

National

Mortgage

Association

-

7.8%

1.500%

due

03/01/51 

1,345,402

1,065,033

2.000%

due

02/01/52 

19,651,991

16,279,208

2.500%

due

11/01/50

-

06/01/62

44,312,070

38,096,638

2.500%

due

12/01/51 

40,653,925

35,322,850

3.000%

due

09/01/42

-

03/01/52

25,027,993

22,920,089

3.500%

due

03/01/43

-

06/01/52

25,838,384

24,339,417

3.900%

due

08/01/32 

500,000

489,406

4.000%

due

11/01/42

-

04/01/52

9,920,868

9,671,639

4.060%

due

07/01/32 

600,000

595,476

4.420%

due

04/01/33 

197,359

200,550

4.500%

due

10/01/44

-

03/01/54

9,304,057

9,256,365

4.680%

due

07/01/33 

100,000

103,277

5.000%

due

05/01/41

-

03/01/53

5,075,979

5,159,064

5.500%

due

05/01/53

-

09/01/53

8,213,480

8,331,016

6.000%

due

07/01/41

-

05/01/53

5,386,343

5,552,474

6.500%

due

05/01/40

-

02/01/53

1,717,218

1,797,868

7.000%

due

02/01/39 

318,950

346,985

179,527,355

Government

National

Mortgage

Association

-

0.2%

4.500%

due

03/20/41

-

03/20/49

2,292,424

2,305,529

5.000%

due

10/20/47 

271,780

277,690

a

Principal

Amount

Value

6.000%

due

09/20/38 

$

478,179

$

516,806

3,100,025

Total

Mortgage-Backed

Securities

    (Cost

$406,208,266)

398,013,549

ASSET-BACKED

SECURITIES

-

11.9%

Automobile

Other

-

2.4%

American

Credit

Acceptance

Receivables

Trust

5.830%

due

10/13/28 ~

3,175,000

3,191,358

6.040%

due

07/12/30 ~

500,000

513,300

7.650%

due

09/12/30 ~

3,460,000

3,653,204

AmeriCredit

Automobile

Receivables

Trust

5.800%

due

12/18/28 

700,000

720,975

Avis

Budget

Rental

Car

Funding

AESOP

LLC

3.340%

due

08/20/26 ~

5,000,000

4,891,170

6.110%

due

12/20/30 ~

560,000

571,487

6.480%

due

06/20/30 ~

2,080,000

2,149,792

Bridgecrest

Lending

Auto

Securitization

Trust

6.070%

due

02/15/30 

1,000,000

1,025,517

6.300%

due

02/15/30 

1,100,000

1,137,475

7.840%

due

08/15/29 

2,265,000

2,409,402

CarMax

Auto

Owner

Trust

5.690%

due

11/15/29 

1,330,000

1,381,593

6.000%

due

07/15/30 

2,700,000

2,773,178

6.420%

due

10/15/30 

45,000

46,731

Carvana

Auto

Receivables

Trust

5.380%

due

12/10/30 ~

600,000

599,930

5.800%

due

05/10/30 ~

710,000

729,969

6.300%

due

05/10/30 ~

300,000

308,959

6.440%

due

09/10/30 ~

400,000

412,239

6.590%

due

02/11/30 ~

1,495,000

1,555,811

7.220%

due

02/11/30 ~

1,000,000

1,049,189

Credit

Acceptance

Auto

Loan

Trust

5.390%

due

01/16/35 ~

510,000

509,931

6.700%

due

10/16/34 ~

680,000

705,827

6.710%

due

07/17/34 ~

390,000

404,923

Exeter

Automobile

Receivables

Trust

5.060%

due

02/18/31 

700,000

699,150

5.700%

due

07/16/29 

100,000

102,372

5.980%

due

09/16/30 

300,000

308,877

GLS

Auto

Receivables

Issuer

Trust

5.950%

due

12/17/29 ~

3,500,000

3,599,716

6.190%

due

02/15/30 ~

160,000

165,533

6.440%

due

05/15/29 ~

2,697,000

2,788,755

GLS

Auto

Select

Receivables

Trust

5.920%

due

08/15/30 ~

400,000

411,816

6.340%

due

08/15/31 ~

600,000

619,652

6.430%

due

01/15/31 ~

1,390,000

1,443,839

Hertz

Vehicle

Financing

LLC

1.560%

due

12/26/25 ~

1,147,500

1,139,634

LAD

Auto

Receivables

Trust

5.330%

due

02/15/29 ~

1,040,000

1,057,705

5.640%

due

06/15/29 ~

1,040,000

1,060,602

6.150%

due

06/16/31 ~

600,000

619,675

Octane

Receivables

Trust

5.900%

due

07/20/32 ~

760,000

781,064

Santander

Drive

Auto

Receivables

Trust

4.490%

due

08/15/29 

2,085,000

2,084,051

16

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

5.840%

due

06/17/30 

$

100,000

$

103,469

5.970%

due

10/15/31 

2,310,000

2,393,721

6.280%

due

08/15/31 

100,000

104,434

SBNA

Auto

Receivables

Trust

6.040%

due

04/15/30 ~

100,000

103,324

VStrong

Auto

Receivables

Trust

5.770%

due

07/15/30 ~

300,000

307,577

7.290%

due

07/15/30 ~

100,000

107,092

Westlake

Automobile

Receivables

Trust

5.650%

due

02/15/29 ~

2,255,000

2,295,850

5.910%

due

04/15/30 ~

500,000

511,126

6.020%

due

10/15/29 ~

1,695,000

1,743,220

55,294,214

Automobile

Sequential

-

0.8%

Avis

Budget

Rental

Car

Funding

AESOP

LLC

5.130%

due

10/20/28 ~

2,560,000

2,608,544

5.780%

due

04/20/28 ~

4,140,000

4,256,083

5.900%

due

08/21/28 ~

2,000,000

2,072,479

6.020%

due

02/20/30 ~

890,000

938,492

Carvana

Auto

Receivables

Trust

5.080%

due

03/11/30 ~

1,463,000

1,500,880

6.420%

due

01/10/28 ~

1,385,894

1,399,404

Credit

Acceptance

Auto

Loan

Trust

5.950%

due

06/15/34 ~

1,445,000

1,484,495

Octane

Receivables

Trust

5.680%

due

05/20/30 ~

1,523,052

1,540,197

VStrong

Auto

Receivables

Trust

5.620%

due

12/15/28 ~

2,245,000

2,275,906

Westlake

Automobile

Receivables

Trust

5.440%

due

05/17/27 ~

575,000

581,229

18,657,709

Credit

Card

Bullet

-

0.0%

Mission

Lane

Credit

Card

Master

Trust

6.200%

due

08/15/29 ~

715,000

723,251

Other

Asset-Backed

Securities

-

8.7%

37

Capital

CLO

4

Ltd.

10.801%

(SOFR

+

5.500%)

due

01/15/34 ~ §

1,500,000

1,523,583

Affirm

Asset

Securitization

Trust

5.610%

due

02/15/29 ~

3,635,000

3,684,563

6.890%

due

02/15/29 ~

110,000

111,565

7.110%

due

11/15/28 ~

178,982

179,715

AMMC

CLO

18

Ltd.

(Cayman)

6.933%

(SOFR

+

1.862%)

due

05/26/31 ~ §

2,615,000

2,621,885

AMMC

CLO

XII

Ltd.

(Cayman)

6.864%

(SOFR

+

1.762%)

due

11/10/30 ~ §

2,635,000

2,637,380

Anchorage

Capital

CLO

13

LLC

(Cayman)

7.363%

(SOFR

+

2.062%)

due

04/15/34 ~ §

2,085,000

2,088,642

Anchorage

Capital

CLO

19

Ltd.

(Cayman)

7.413%

(SOFR

+

2.112%)

due

10/15/34 ~ §

1,425,000

1,426,903

Anchorage

Capital

CLO

28

Ltd.

(Cayman)

7.535%

(SOFR

+

2.250%)

due

04/20/37 ~ §

565,000

570,101

Anchorage

Capital

CLO

6

Ltd.

(Cayman)

7.425%

(SOFR

+

2.100%)

due

04/22/34 ~ §

2,530,000

2,540,165

a

Principal

Amount

Value

Aqua

Finance

Trust

due

04/18/50 # ~

$

1,950,000

$

1,949,838

Ascent

Education

Funding

Trust

6.140%

due

10/25/50 ~

94,608

97,326

Auxilior

Term

Funding

LLC

6.180%

due

12/15/28 ~

2,216,485

2,238,604

Bain

Capital

CLO

Ltd.

(Jersey)

7.325%

(SOFR

+

2.000%)

due

04/16/37 ~ §

1,690,000

1,698,464

Bain

Capital

Credit

CLO

Ltd.

(Cayman)

7.541%

(SOFR

+

2.262%)

due

04/18/34 ~ §

950,000

951,573

Betony

CLO

2

Ltd.

(Cayman)

7.117%

(SOFR

+

1.862%)

due

04/30/31 ~ §

775,000

775,698

BHG

Securitization

Trust

5.810%

due

04/17/35 ~

837,555

857,182

6.490%

due

04/17/35 ~

1,075,000

1,109,224

Business

Jet

Securities

LLC

5.364%

due

09/15/39 ~

1,830,000

1,835,778

6.197%

due

05/15/39 ~

543,342

561,193

Canyon

CLO

Ltd.

(Cayman)

7.263%

(SOFR

+

1.962%)

due

07/15/31 ~ §

250,000

250,246

Carlyle

Global

Market

Strategies

CLO

Ltd.

(Cayman)

6.880%

(SOFR

+

1.762%)

due

05/15/31 ~ §

750,000

750,698

CarVal

CLO

II

Ltd.

(Cayman)

8.744%

(SOFR

+

3.462%)

due

04/20/32 ~ §

250,000

251,228

Castlelake

Aircraft

Structured

Trust

3.967%

due

04/15/39 ~

3,651,968

3,345,974

Cerberus

Loan

Funding

XLVII

LLC

7.082%

(SOFR

+

1.750%)

due

07/15/36 ~ §

2,685,000

2,696,525

CIFC

Funding

Ltd.

(Cayman)

6.941%

(SOFR

+

1.662%)

due

04/18/31 ~ §

3,350,000

3,352,563

CLI

Funding

VIII

LLC

1.640%

due

02/18/46 ~

1,763,708

1,610,469

2.720%

due

01/18/47 ~

3,781,728

3,466,819

College

Ave

Student

Loans

LLC

5.690%

due

08/25/54 ~

3,034,544

3,116,577

6.080%

due

08/25/54 ~

880,000

907,506

Compass

Datacenters

Issuer

II

LLC

5.022%

due

08/25/49 ~

1,700,000

1,714,762

Crockett

Partners

Equipment

Co.

IIA

LLC

6.050%

due

01/20/31 ~

2,540,606

2,583,511

DB

Master

Finance

LLC

4.030%

due

11/20/47 ~

467,500

459,368

Dryden

53

CLO

Ltd.

(Cayman)

6.963%

(SOFR

+

1.662%)

due

01/15/31 ~ §

1,000,000

1,001,283

EverBright

Solar

Trust

6.430%

due

06/22/54 ~

851,048

860,978

EWC

Master

Issuer

LLC

5.500%

due

03/15/52 ~

953,063

935,363

FirstKey

Homes

Trust

2.058%

due

09/17/38 ~

2,300,000

2,162,822

2.189%

due

08/17/38 ~

4,049,000

3,827,584

FOCUS

Brands

Funding

8.241%

due

10/30/53 ~

496,250

535,397

17

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Foundation

Finance

Trust

1.270%

due

05/15/41 ~

$

1,206,607

$

1,125,420

Frontier

Issuer

LLC

6.190%

due

06/20/54 ~

4,690,000

4,894,008

6.600%

due

08/20/53 ~

2,895,000

2,978,132

Golub

Capital

Partners

CLO

53B

Ltd.

(Cayman)

7.344%

(SOFR

+

2.062%)

due

07/20/34 ~ §

1,325,000

1,327,394

Golub

Capital

Partners

CLO

72

B

Ltd.

(Jersey)

7.396%

(SOFR

+

2.100%)

due

04/25/37 ~ §

1,805,000

1,821,349

GreenSky

Home

Improvement

Trust

5.670%

due

06/25/59 ~

705,000

716,048

Hardee's

Funding

LLC

7.253%

due

03/20/54 ~

457,700

474,159

Hildene

Community

Funding

CDO

Ltd.

(Cayman)

2.600%

due

11/01/35 ~

2,255,771

1,934,908

Hilton

Grand

Vacations

Trust

5.990%

due

03/25/38 ~

328,462

337,716

HIN

Timeshare

Trust

3.420%

due

10/09/39 ~

375,690

362,199

HINNT

LLC

5.490%

due

03/15/43 ~

521,114

533,060

Horizon

Aircraft

Finance

IV

Ltd.

(Cayman)

5.375%

due

09/15/49 ~

4,020,000

4,021,275

Invesco

CLO

Ltd.

(Cayman)

7.194%

(SOFR

+

1.912%)

due

10/22/34 ~ §

835,000

835,840

Jack

in

the

Box

Funding

LLC

3.445%

due

02/26/52 ~

5,989,750

5,731,285

KKR

CLO

44

Ltd.

(Cayman)

7.982%

(SOFR

+

2.700%)

due

01/20/36 ~ §

2,885,000

2,939,824

Long

Point

Park

CLO

Ltd.

6.922%

(SOFR

+

1.637%)

due

01/17/30 ~ §

660,000

660,489

Madison

Park

Funding

XLVIII

Ltd.

(Cayman)

7.541%

(SOFR

+

2.262%)

due

04/19/33 ~ §

960,000

961,373

Mariner

Finance

Issuance

Trust

5.680%

due

09/22/36 ~

475,000

485,234

MetroNet

Infrastructure

Issuer

LLC

6.230%

due

04/20/54 ~

200,000

206,442

Milos

CLO

Ltd.

(Cayman)

7.094%

(SOFR

+

1.812%)

due

10/20/30 ~ §

1,055,000

1,055,897

Mosaic

Solar

Loan

Trust

5.500%

due

09/20/49 ~

3,163,964

3,177,760

5.600%

due

04/22/52 ~

4,442,308

4,492,005

MVW

LLC

4.430%

due

03/20/42 ~

900,000

899,063

5.320%

due

02/20/43 ~

1,122,529

1,147,845

6.200%

due

02/20/43 ~

393,018

402,100

Navient

Private

Education

Refi

Loan

Trust

1.060%

due

10/15/69 ~

1,029,014

928,183

1.690%

due

05/15/69 ~

2,912,412

2,741,020

Nelnet

Student

Loan

Trust

2.680%

due

04/20/62 ~

715,000

620,008

OCP

CLO

Ltd.

(Cayman)

6.934%

(SOFR

+

1.700%)

due

07/20/37 ~ §

1,140,000

1,139,901

a

Principal

Amount

Value

Octagon

Investment

Partners

31

Ltd.

(Cayman)

6.782%

(SOFR

+

1.500%)

due

07/20/30 ~ §

$

2,035,000

$

2,037,804

OHA

Credit

Funding

17

Ltd.

(Bermuda)

7.213%

(SOFR

+

1.900%)

due

04/20/37 ~ §

1,275,000

1,287,140

OHA

Credit

Partners

XI

Ltd.

(Cayman)

7.082%

(SOFR

+

1.800%)

due

04/20/37 ~ §

1,260,000

1,269,237

OnDeck

Asset

Securitization

Trust

IV

LLC

due

10/17/31 # ~

540,000

541,031

OneMain

Financial

Issuance

Trust

3.140%

due

10/14/36 ~

2,200,000

2,130,720

4.050%

due

10/14/36 ~

2,735,000

2,591,389

Palmer

Square

BDC

CLO

1

Ltd.

(Cayman)

6.925%

(SOFR

+

1.600%)

due

07/15/37 ~ §

4,330,000

4,357,888

7.475%

(SOFR

+

2.150%)

due

07/15/37 ~ §

2,920,000

2,952,553

Palmer

Square

Loan

Funding

Ltd.

(Cayman)

6.963%

(SOFR

+

1.662%)

due

10/15/29 ~ §

2,283,000

2,287,395

Park

Blue

CLO

Ltd.

(Jersey)

7.985%

(SOFR

+

2.700%)

due

01/25/37 ~ §

3,500,000

3,561,282

PK

Alift

Loan

Funding

3

LP

5.842%

due

09/15/39 ~

601,502

617,956

Planet

Fitness

Master

Issuer

LLC

3.858%

due

12/05/49 ~

5,487,353

5,169,336

4.008%

due

12/05/51 ~

195,000

183,627

5.765%

due

06/05/54 ~

3,355,000

3,440,444

Post

CLO

Ltd.

(Cayman)

8.482%

(SOFR

+

3.200%)

due

04/20/35 ~ §

500,000

497,492

Post

Road

Equipment

Finance

LLC

5.810%

due

10/15/30 ~

1,060,000

1,088,017

Progress

Residential

Trust

2.359%

due

07/17/38 ~

220,000

208,110

2.688%

due

05/17/26 ~

455,000

436,705

Reese

Park

CLO

Ltd.

(Cayman)

7.213%

(SOFR

+

1.912%)

due

10/15/34 ~ §

755,000

755,745

Republic

Finance

Issuance

Trust

2.800%

due

12/22/31 ~

2,800,000

2,695,070

5.910%

due

08/20/32 ~

885,000

899,701

RFS

Asset

Securitization

II

LLC

6.550%

due

07/15/31 ~

1,305,000

1,333,741

Rockford

Tower

CLO

Ltd.

(Cayman)

8.194%

(SOFR

+

2.912%)

due

10/20/30 ~ §

970,000

971,921

8.390%

(SOFR

+

3.262%)

due

05/20/31 ~ §

1,935,000

1,943,707

RR

28

Ltd.

(Cayman)

6.851%

(SOFR

+

1.550%)

due

04/15/37 ~ §

2,010,000

2,018,747

SCF

Equipment

Leasing

LLC

5.520%

due

01/20/32 ~

370,000

381,754

SEB

Funding

LLC

7.386%

due

04/30/54 ~

1,400,000

1,445,879

Sierra

Timeshare

Receivables

Funding

LLC

5.150%

due

01/20/43 ~

1,458,220

1,472,864

7.120%

due

09/20/40 ~

59,135

61,114

18

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Slam

Ltd.

(Cayman)

5.335%

due

09/15/49 ~

$

1,470,000

$

1,469,727

SMB

Private

Education

Loan

Trust

1.310%

due

07/17/51 ~

326,934

303,614

1.340%

due

03/17/53 ~

1,799,044

1,665,433

1.390%

due

01/15/53 ~

1,019,357

927,517

1.590%

due

01/15/53 ~

198,115

181,344

3.960%

due

07/15/42 ~

1,155,000

1,121,998

4.000%

due

07/15/42 ~

120,000

116,575

5.240%

due

03/15/56 ~

2,988,324

3,068,389

5.500%

due

06/17/52 ~

942,215

971,385

5.880%

due

03/15/56 ~

1,997,000

2,057,175

6.060%

due

06/17/52 ~

295,000

304,261

6.792%

(SOFR

+

1.450%)

due

03/15/56 ~ §

3,264,316

3,289,650

Sound

Point

CLO

XXXII

Ltd.

(Cayman)

7.696%

(SOFR

+

2.412%)

due

10/25/34 ~ §

1,540,000

1,542,700

Stonepeak

ABS

2.301%

due

02/28/33 ~

4,192,967

3,995,410

Stream

Innovations

Issuer

Trust

6.270%

due

07/15/44 ~

141,216

145,123

Sunnova

Helios

XIII

Issuer

LLC

5.300%

due

02/20/51 ~

2,422,964

2,363,053

Textainer

Marine

Containers

VII

Ltd.

(China)

1.680%

due

02/20/46 ~

385,913

353,069

2.100%

due

09/20/45 ~

1,386,723

1,295,721

Thrust

Engine

Leasing

DAC

4.163%

due

07/15/40 ~

2,086,548

1,998,815

TIC

Home

Improvement

Trust

6.670%

due

10/15/46 ~

771,653

784,974

TIF

Funding

III

LLC

(Bermuda)

6.310%

due

04/20/49 ~

409,063

410,709

Trafigura

Securitisation

Finance

PLC

(Ireland)

6.425%

(SOFR

+

1.400%)

due

11/15/27 ~ §

3,600,000

3,612,542

Tricon

Residential

Trust

6.230%

due

07/17/40 ~

1,725,000

1,763,531

Wave

LLC

3.597%

due

09/15/44 ~

864,059

800,453

Willis

Engine

Structured

Trust

IV

5.438%

due

09/15/43 ~ §

162,055

156,936

Ziply

Fiber

Issuer

LLC

6.640%

due

04/20/54 ~

4,100,000

4,237,551

199,815,016

Total

Asset-Backed

Securities

    (Cost

$268,542,441)

274,490,190

U.S.

GOVERNMENT

AGENCY

ISSUES

-

0.0%

Tennessee

Valley

Authority

4.250%

due

09/15/65 

1,430,000

1,314,930

Total

U.S.

Government

Agency

Issues

    (Cost

$1,198,397)

1,314,930

U.S.

TREASURY

OBLIGATIONS

-

19.0%

U.S.

Treasury

Bonds

-

9.9%

2.000%

due

11/15/41 

18,705,000

13,760,231

3.000%

due

11/15/44 

12,360,000

10,316,737

a

Principal

Amount

Value

3.250%

due

05/15/42 

$

7,500,000

$

6,671,338

3.375%

due

08/15/42 

5,590,000

5,046,613

3.625%

due

08/15/43 

510,000

472,467

3.625%

due

02/15/53 

535,000

486,620

3.625%

due

05/15/53 

24,820,000

22,593,956

3.875%

due

05/15/43 ‡

4,350,000

4,189,424

4.000%

due

11/15/52 

10,270,000

9,996,401

4.125%

due

08/15/53 ‡

72,755,000

72,473,642

4.250%

due

02/15/54 

17,435,000

17,772,803

4.250%

due

08/15/54 

4,900,000

5,004,125

4.375%

due

08/15/43 ‡

51,370,000

52,837,858

4.500%

due

02/15/44 

5,645,000

5,891,969

4.625%

due

05/15/54 

465,000

504,489

228,018,673

U.S.

Treasury

Inflation

Protected

Securities

-

0.0%

1.125%

due

01/15/33 ^

480,435

463,773

1.500%

due

02/15/53 ^

275,109

248,986

712,759

U.S.

Treasury

Notes

-

9.1%

3.500%

due

09/30/29 

15,340,000

15,295,059

3.625%

due

08/31/29 

33,420,000

33,524,437

3.625%

due

09/30/31 

9,150,000

9,133,559

3.750%

due

08/31/26 

11,570,000

11,587,626

3.750%

due

08/31/31 

2,940,000

2,956,078

3.875%

due

08/15/33 

58,455,000

58,941,364

3.875%

due

08/15/34 

11,350,000

11,430,691

4.000%

due

02/15/34 

10,870,000

11,059,376

4.125%

due

03/31/31 

3,690,000

3,790,970

4.375%

due

07/31/26 

11,360,000

11,498,006

4.375%

due

05/15/34 

1,115,000

1,168,050

4.875%

due

10/31/30 

35,645,000

38,051,734

208,436,950

Total

U.S.

Treasury

Obligations

    (Cost

$419,460,001)

437,168,382

FOREIGN

GOVERNMENT

BONDS

&

NOTES

-

5.7%

Brazil

Notas

do

Tesouro

Nacional

(Brazil)

10.000%

due

01/01/33 

BRL

89,904,000

14,656,782

Chile

Government

(Chile)

3.500%

due

01/31/34 

$

3,055,000

2,816,037

3.500%

due

01/25/50 

1,985,000

1,531,337

3.875%

due

07/09/31 

EUR

3,395,000

3,896,107

Colombia

Government

(Colombia)

7.500%

due

02/02/34 

$

1,980,000

2,059,267

8.000%

due

11/14/35 

4,315,000

4,609,816

Dominican

Republic

(Dominican

Republic)

4.875%

due

09/23/32 ~

4,210,000

4,015,275

6.600%

due

06/01/36 ~

1,665,000

1,769,367

7.050%

due

02/03/31 ~

855,000

922,010

Indonesia

Treasury

(Indonesia)

6.750%

due

07/15/35 

IDR

20,061,000,000

1,351,245

6.875%

due

04/15/29 

94,174,000,000

6,397,363

Mexican

Bonos

(Mexico)

5.750%

due

03/05/26 

MXN

38,629,600

1,862,766

8.500%

due

05/31/29 

209,860,800

10,406,349

Norway

Government

(Norway)

1.750%

due

03/13/25 ~

NOK

65,095,000

6,097,665

Panama

Government

(Panama)

8.000%

due

03/01/38 

$

660,000

746,987

19

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Philippine

Government

(Philippines)

2.650%

due

12/10/45 

$

1,635,000

$

1,153,247

2.950%

due

05/05/45 

2,275,000

1,683,259

Republic

of

Poland

Government

(Poland)

5.500%

due

03/18/54 

5,825,000

5,960,184

Republic

of

South

Africa

Government

(South

Africa)

4.850%

due

09/30/29 

950,000

924,034

5.875%

due

04/20/32 

2,715,000

2,711,029

7.300%

due

04/20/52 

2,360,000

2,350,891

8.875%

due

02/28/35 

ZAR

84,940,000

4,553,160

9.000%

due

01/31/40 

36,115,000

1,829,958

Republic

of

Uzbekistan

(Uzbekistan)

3.700%

due

11/25/30 ~

$

245,000

212,003

3.900%

due

10/19/31 ~

1,005,000

860,860

5.375%

due

05/29/27 ~

EUR

2,200,000

2,470,781

6.900%

due

02/28/32 ~

$

2,545,000

2,571,430

Romania

Government

(Romania)

5.750%

due

03/24/35 ~

3,354,000

3,335,553

6.375%

due

01/30/34 ~

312,000

325,470

Turkiye

Government

(Turkey)

due

01/03/35 #

6,770,000

6,643,316

5.875%

due

05/21/30 

EUR

2,640,000

3,074,615

7.125%

due

07/17/32 

$

4,285,000

4,427,558

U.K.

Gilts

(United

Kingdom)

0.250%

due

01/31/25 ~

GBP

6,930,000

9,146,750

Uruguay

Government

(Uruguay)

8.250%

due

05/21/31 

UYU

298,835,000

6,613,620

9.750%

due

07/20/33 

323,465,000

7,671,731

Total

Foreign

Government

Bonds

&

Notes

    (Cost

$132,546,302)

131,657,822

SHORT-TERM

INVESTMENTS

-

4.3%

Repurchase

Agreements

-

2.1%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$48,668,977;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

-

3.750%

due

09/30/26

-

12/31/28

and

value

$49,636,406)

$

48,662,962

48,662,962

a

U.S.

Government

Agency

Issues

-

1.5%

Federal

Home

Loan

Bank

Discount

Notes

4.831%

due

10/03/24 

1,455,000

1,454,437

4.833%

due

10/07/24 

13,320,000

13,307,983

4.833%

due

10/09/24 

10,235,000

10,223,127

4.835%

due

10/15/24 

10,245,000

10,225,193

35,210,740

U.S.

Treasury

Bills

-

0.7%

3.230%

due

10/03/24 

535,000

534,861

4.602%

due

10/17/24 ‡

13,055,000

13,027,744

a

Principal

Amount

Value

4.693%

due

11/05/24 

$

2,335,000

$

2,324,491

15,887,096

Total

Short-Term

Investments

(Cost

$99,760,984)

99,760,798

TOTAL

INVESTMENTS

-

99.9%

(Cost

$2,240,446,845)

2,303,583,883

DERIVATIVES

-

(0.0%)

(

137,336

)

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.1%

1,902,742

NET

ASSETS

-

100.0%

$

2,305,349,289

20

PACIFIC

SELECT

FUND

DIVERSIFIED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$8,048,105

or 0.4%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

(b)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

(c)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CBOT

2

Year

U.S.

Treasury

Notes

12/24

658

$

136,760,313

$

137,023,360

$

263,047

CBOT

5

Year

U.S.

Treasury

Notes

12/24

2,000

219,612,426

219,765,626

153,200

CBOT

U.S.

Long

Bond

12/24

1,972

245,860,902

244,897,750

(

963,152

)

CBOT

Ultra

10

Year

U.S.

Treasury

Notes

12/24

141

16,692,529

16,679,859

(

12,670

)

(

$

559,575

)

Short

Futures

Outstanding

CBOT

10

Year

U.S.

Treasury

Notes

12/24

123

14,044,931

14,056,594

(

11,663

)

CBOT

Ultra

10

Year

U.S.

Treasury

Notes

12/24

2,164

256,147,317

255,994,437

152,880

CME

Ultra

Long

Term

U.S.

Treasury

Bond

12/24

307

41,140,803

40,859,781

281,022

$

422,239

Total

Futures

Contracts

(

$

137,336

)

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Corporate

Bonds

&

Notes

$

919,934,926

$

–

$

919,934,926

$

–

Convertible

Corporate

Bonds

&

Notes

13,826,715

–

13,826,715

–

Senior

Loan

Notes

27,416,571

–

24,999,355

2,417,216

Mortgage-Backed

Securities

Collateralized

Mortgage

Obligations

-

Commercial

46,712,989

–

41,517,186

5,195,803

Collateralized

Mortgage

Obligations

-

Residential

65,174,004

–

62,321,702

2,852,302

Federal

Home

Loan

Mortgage

Corp.

103,499,176

–

103,499,176

–

Federal

National

Mortgage

Association

179,527,355

–

179,527,355

–

Government

National

Mortgage

Association

3,100,025

–

3,100,025

–

Total

Mortgage-Backed

Securities

398,013,549

–

389,965,444

8,048,105

Asset-Backed

Securities

274,490,190

–

274,490,190

–

U.S.

Government

Agency

Issues

1,314,930

–

1,314,930

–

U.S.

Treasury

Obligations

437,168,382

–

437,168,382

–

Foreign

Government

Bonds

&

Notes

131,657,822

–

131,657,822

–

Short-Term

Investments

99,760,798

–

99,760,798

–

Derivatives:

Interest

Rate

Contracts

Futures

850,149

850,149

–

–

Total

Assets

2,304,434,032

850,149

2,293,118,562

10,465,321

a

Liabilities

Due

to

Custodian

(

217,316

)

–

(

217,316

)

–

Derivatives:

Interest

Rate

Contracts

Futures

(

987,485

)

(

987,485

)

–

–

Total

Liabilities

(

1,204,801

)

(

987,485

)

(

217,316

)

–

Total

$

2,303,229,231

(

$

137,336

)

$

2,292,901,246

$

10,465,321

PACIFIC

SELECT

FUND

FLOATING

RATE

INCOME

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

21

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

EXCHANGE-TRADED

FUNDS

-

5.2%

Invesco

Senior

Loan

ETF

213,810

$

4,492,148

iShares

iBoxx

High

Yield

Corporate

Bond

39,920

3,205,576

SPDR

Blackstone

Senior

Loan

95,685

3,995,806

SPDR

Bloomberg

High

Yield

Bond

37,308

3,648,349

SPDR

Bloomberg

Short

Term

High

Yield

Bond

141,523

3,644,217

a

Total

Exchange-Traded

Funds

    (Cost

$18,540,881)

18,986,096

Principal

Amount

CORPORATE

BONDS

&

NOTES

-

3.3%

Consumer,

Non-Cyclical

-

1.1%

Allied

Universal

Holdco

LLC

7.875%

due

02/15/31 ~

$

2,500,000

2,555,868

Wand

NewCo

3,

Inc.

7.625%

due

01/30/32 ~

1,475,425

1,555,375

4,111,243

Financial

-

2.1%

Alliant

Holdings

Intermediate

LLC/Alliant

Holdings

Co-Issuer

6.750%

due

10/15/27 ~

500,000

498,522

7.000%

due

01/15/31 ~

1,715,000

1,763,660

7.375%

due

10/01/32 ~

3,250,000

3,299,083

Panther

Escrow

Issuer

LLC

7.125%

due

06/01/31 ~

1,850,000

1,941,934

7,503,199

Technology

-

0.1%

Central

Parent,

Inc./CDK

Global,

Inc.

7.250%

due

06/15/29 ~

500,000

511,760

Total

Corporate

Bonds

&

Notes

    (Cost

$11,863,889)

12,126,202

SENIOR

LOAN

NOTES

-

87.2%

Communications

-

1.7%

CNT

Holdings

I

Corp.

Term

B

8.752%

(SOFR

+

3.500%)

due

11/08/27

§

4,461,089

4,476,577

StubHub

Holdco

Sub

LLC

Term

B

9.595%

(SOFR

+

4.750%)

due

03/15/30

§

1,474,044

1,474,659

5,951,236

Consumer,

Cyclical

-

8.4%

Alterra

Mountain

Co.

Term

B

8.095%

(SOFR

+

3.250%)

due

08/17/28

± §

5,979,911

5,994,861

BCPE

Empire

Holdings,

Inc.

8.845%

(SOFR

+

4.000%)

due

12/11/28

§

3,974,583

3,980,791

Caesars

Entertainment,

Inc.

Term

B1

7.595%

(SOFR

+

2.750%)

due

02/06/31

§

997,494

998,818

ClubCorp

Holdings,

Inc.

Term

B

9.865%

(SOFR

+

5.000%)

due

09/18/26

§ ∞

7,317,336

7,335,629

a

Principal

Amount

Value

FCG

Acquisitions,

Inc.

8.710%

(SOFR

+

3.500%)

due

03/31/28

§

$

498,711

$

499,283

MIC

Glen

LLC

Term

B2

9.210%

(SOFR

+

4.250%)

due

07/21/28

§

497,500

499,573

OVG

Business

Services

LLC

Term

B

7.845%

(SOFR

+

3.000%)

due

06/25/31

§

250,000

249,063

PetSmart

LLC

Term

B

due

02/11/28

∞

1,125,000

1,117,064

SeaWorld

Parks

&

Entertainment,

Inc.

Term

B2

7.345%

(SOFR

+

2.500%)

due

08/25/28

§

1,716,789

1,716,789

Whatabrands

LLC

Term

B

7.605%

(SOFR

+

2.750%)

due

08/03/28

§

4,512,923

4,511,357

Windsor

Holdings

III

LLC

Term

B

8.461%

(SOFR

+

3.500%)

due

08/01/30

§

3,484,384

3,494,402

30,397,630

Consumer,

Non-Cyclical

-

15.3%

8th

Avenue

Food

&

Provisions,

Inc.

Term

B

8.710%

(SOFR

+

3.750%)

due

10/01/25

§

5,055,524

4,915,708

9.710%

(SOFR

+

4.750%)

due

10/01/25

§ ∞

248,403

241,779

AlixPartners

LLP

Term

B

7.460%

(SOFR

+

2.500%)

due

02/04/28

§

742,306

744,059

Allied

Universal

Holdco

LLC

Term

B

8.695%

(SOFR

+

3.750%)

due

05/12/28

§

4,095,208

4,060,141

Anticimex

Global

AB

(Sweden) 

Term

B1

8.532%

(SOFR

+

3.150%)

due

11/16/28

§

4,353,282

4,355,324

Term

B6

8.730%

(SOFR

+

3.400%)

due

11/16/28

§

870,625

871,894

Bausch

&

Lomb

Corp.

8.845%

(SOFR

+

4.000%)

due

09/29/28

§ ∞

3,599,019

3,597,519

Term

B

due

05/10/27

∞

997,449

994,817

Curium

Bidco

SARL

Term

B

4.592%

(SOFR

+

3.500%)

due

07/31/29

§

748,120

752,796

Curium

BidCo

SARL

Term

B

(Luxembourg) 

8.604%

(SOFR

+

4.000%)

due

07/31/29

§

1,726,947

1,735,582

Fiesta

Purchaser,

Inc.

Term

B

8.845%

(SOFR

+

4.000%)

due

02/12/31

§

294,263

294,860

Gainwell

Acquisition

Corp.

(2nd

Lien)

12.684%

(SOFR

+

8.000%)

due

10/02/28

± §

1,125,000

945,000

Grant

Thornton

Advisors

LLC

Term

B

8.095%

(SOFR

+

3.250%)

due

06/02/31

§

2,747,666

2,754,879

22

PACIFIC

SELECT

FUND

FLOATING

RATE

INCOME

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Mavis

Tire

Express

Services

Topco

Corp.

Term

B

8.345%

(SOFR

+

3.500%)

due

05/04/28

§

$

3,230,234

$

3,232,253

Medline

Borrower

LP

Term

B

7.095%

(SOFR

+

2.250%)

due

10/23/28

§

750,000

750,000

7.595%

(SOFR

+

2.750%)

due

10/23/28

§

4,528,005

4,534,752

Midwest

Veterinary

Partners

LLC

8.868%

(SOFR

+

3.750%)

due

04/27/28

§

1,601,418

1,603,253

Naked

Juice

LLC

7.954%

(SOFR

+

3.250%)

due

01/24/29

§

1,377,830

1,132,059

Packaging

Coordinators

Midco,

Inc.

Term

B

8.095%

(SOFR

+

3.250%)

due

11/30/27

§ ∞

4,000,000

4,004,284

Pathway

Vet

Alliance

LLC

Term

B

8.710%

(SOFR

+

3.750%)

due

03/31/27

§ ∞

3,495,518

2,958,082

Southern

Veterinary

Partners

LLC

7.995%

(SOFR

+

3.750%)

due

10/05/27

§

3,508,859

3,513,245

Spin

Holdco,

Inc.

Term

B

9.256%

(SOFR

+

4.000%)

due

03/04/28

§

1,638,181

1,439,381

Wand

NewCo

3,

Inc.

Term

B

8.095%

(SOFR

+

3.250%)

due

01/30/31

§ ∞

5,860,313

5,860,981

55,292,648

Energy

-

1.0%

Medallion

Midland

Acquisition

LLC

Term

B

8.314%

(SOFR

+

3.500%)

due

10/18/28

§

248,125

248,838

Rockpoint

Gas

Storage

Partners

LP

Term

B

(Canada) 

due

09/12/31

± ∞

1,250,000

1,246,875

Traverse

Midstream

Partners

LLC

Term

B

8.752%

(SOFR

+

3.750%)

due

02/16/28

§

2,000,000

2,007,500

3,503,213

Financial

-

18.1%

Acrisure

LLC

Term

B6

8.211%

(SOFR

+

3.250%)

due

11/06/30

§

4,648,233

4,611,629

Alliant

Holdings

Intermediate

LLC

Term

B6

due

09/19/31

∞

4,160,456

4,142,138

Amynta

Agency

Borrower,

Inc.

Term

B

9.002%

(SOFR

+

3.750%)

due

02/28/28

§

498,750

499,425

Apex

Group

Treasury

LLC

Term

B

8.963%

(SOFR

+

3.750%)

due

07/27/28

§

3,931,003

3,940,830

9.076%

(SOFR

+

4.000%)

due

07/27/28

± §

1,245,933

1,252,162

AssuredPartners,

Inc.

Term

B5

8.345%

(SOFR

+

3.500%)

due

02/14/31

§

10,445,630

10,447,959

BroadStreet

Partners,

Inc.

Term

B4

8.095%

(SOFR

+

3.250%)

due

06/13/31

§

6,021,324

6,004,013

a

Principal

Amount

Value

CoreLogic,

Inc.

Term

B

due

06/02/28

∞

$

2,992,288

$

2,969,535

Cushman

&

Wakefield

U.S.

Borrower

LLC

Term

B

7.710%

(SOFR

+

2.750%)

due

08/21/25

§

34,470

34,549

Deerfield

Dakota

Holding

LLC

(2nd

Lien)

11.615%

(SOFR

+

6.750%)

due

04/07/28

§ ∞

5,315,000

5,214,015

Term

B

8.354%

(SOFR

+

3.750%)

due

04/09/27

§

3,863,290

3,790,049

Howden

Group

Holdings

Ltd.

Term

B

(United

Kingdom) 

8.345%

(SOFR

+

3.500%)

due

04/18/30

§

4,705,529

4,713,862

HUB

International

Ltd.

Term

B

8.225%

(SOFR

+

3.000%)

due

06/20/30

§

4,951,082

4,949,537

Hyperion

Refinance

SARL

Term

B

(United

Kingdom) 

8.345%

(SOFR

+

3.500%)

due

02/15/31

§

997,494

999,520

IMA

Financial

Group,

Inc.

Term

B

8.095%

(SOFR

+

3.250%)

due

11/01/28

§

2,986,786

2,985,860

TIH

Insurance

Holdings

LLC

(2nd

Lien)

9.354%

(SOFR

+

4.750%)

due

05/06/32

§

8,750,000

8,911,333

65,466,416

Industrial

-

26.9%

Apple

Bidco

LLC

Term

B

8.345%

(SOFR

+

3.500%)

due

09/22/28

§

5,181,988

5,200,959

ASP

LS

Acquisition

Corp.

9.365%

(SOFR

+

4.500%)

due

05/07/28

§

1,142,364

727,305

Bleriot

U.S.

Bidco,

Inc.

Term

B

7.918%

(SOFR

+

3.250%)

due

10/31/30

§ ∞

3,114,675

3,124,131

Chariot

Buyer

LLC

Term

B

8.195%

(SOFR

+

3.250%)

due

11/03/28

§

724,117

722,137

8.345%

(SOFR

+

3.500%)

due

11/03/28

§

2,614,680

2,614,476

Charter

Next

Generation,

Inc.

Term

B

8.095%

(SOFR

+

3.250%)

due

12/01/27

§

3,284,591

3,289,443

Cornerstone

Building

Brands,

Inc.

Term

C

9.597%

(SOFR

+

4.500%)

due

05/15/31

§

1,625,000

1,606,719

Crosby

U.S.

Acquisition

Corp.

Term

B

8.355%

(SOFR

+

3.500%)

due

08/16/29

§

3,847,541

3,859,564

Dynasty

Acquisition

Co.,

Inc.

Term

B1

8.345%

(SOFR

+

3.500%)

due

08/24/28

§ ∞

8,474,315

8,490,492

Engineered

Machinery

Holdings,

Inc.

(2nd

Lien)

10.865%

(SOFR

+

6.000%)

due

05/21/29

§ ∞

775,000

776,937

23

PACIFIC

SELECT

FUND

FLOATING

RATE

INCOME

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

11.365%

(SOFR

+

6.500%)

due

05/21/29

§

$

500,000

$

501,250

Term

B

8.615%

(SOFR

+

3.750%)

due

05/19/28

§

1,966,250

1,975,125

Filtration

Group

Corp.

Term

B

8.460%

(SOFR

+

3.500%)

due

10/21/28

§ ∞

7,742,112

7,752,270

GFL

Environmental,

Inc.

Term

B

7.321%

(SOFR

+

2.000%)

due

07/03/31

§

1,500,000

1,500,402

Icebox

Holdco

III,

Inc.

(2nd

Lien)

11.615%

(SOFR

+

6.750%)

due

12/21/29

§ ∞

1,375,000

1,390,469

Term

B

8.615%

(SOFR

+

3.750%)

due

12/22/28

§

994,898

999,173

Kenan

Advantage

Group,

Inc.

Term

B4

8.095%

(SOFR

+

3.250%)

due

01/25/29

± §

1,987,531

1,987,531

LABL,

Inc.

Term

B

9.945%

(SOFR

+

5.000%)

due

10/29/28

§ ∞

5,179,342

5,072,197

Madison

Safety

&

Flow

LLC

Term

B

due

09/19/31

∞

750,000

751,875

Pregis

TopCo

LLC

8.960%

(SOFR

+

4.000%)

due

07/31/26

§

248,082

248,909

Term

B

8.845%

(SOFR

+

4.000%)

due

07/31/26

§

2,969,816

2,979,097

Pretium

PKG

Holdings,

Inc.

Term

A

10.248%

(SOFR

+

5.000%)

due

10/02/28

§ ∞

1,032,116

1,053,080

Term

A1

9.848%

(SOFR

+

4.600%)

due

10/02/28

§

3,387,716

2,726,265

Pro

Mach

Group,

Inc.

Term

B

8.345%

(SOFR

+

3.500%)

due

08/31/28

§ ∞

3,618,125

3,636,219

Proampac

PG

Borrower

LLC

Term

B

9.301%

(SOFR

+

4.000%)

due

09/15/28

§

3,673,011

3,685,639

Roper

Industrial

Products

Investment

Co.

7.854%

(SOFR

+

3.250%)

due

11/22/29

§

4,319,017

4,331,162

Spirit

AeroSystems,

Inc.

Term

B

9.752%

(SOFR

+

4.500%)

due

01/15/27

§

1,735,774

1,753,493

SPX

Flow,

Inc.

Term

B

8.345%

(SOFR

+

3.500%)

due

04/05/29

§

2,986,140

2,993,265

Standard

Aero

Ltd.

Term

B2

8.345%

(SOFR

+

3.500%)

due

08/24/28

§ ∞

3,267,506

3,273,743

Star

U.S

Bidco

LLC

Term

B

8.595%

(SOFR

+

3.750%)

due

03/17/27

± §

1,646,900

1,650,528

STS

Operating,

Inc.

8.945%

(SOFR

+

4.000%)

due

03/25/31

§

2,860,002

2,844,509

a

Principal

Amount

Value

Titan

Acquisition

Ltd.

Term

B

(Canada) 

10.326%

(SOFR

+

5.000%)

due

02/15/29

§

$

3,803,521

$

3,788,466

TK

Elevator

U.S.

Newco,

Inc.

Term

B

(Germany) 

8.588%

(SOFR

+

3.500%)

due

04/30/30

§

5,093,198

5,110,882

TransDigm,

Inc.

7.104%

(SOFR

+

2.500%)

due

02/28/31

§

1,715,972

1,710,999

Term

K

7.354%

(SOFR

+

2.750%)

due

03/22/30

§

764,556

765,232

Trident

TPI

Holdings,

Inc.

Term

B6

8.604%

(SOFR

+

4.000%)

due

09/15/28

§

2,366,550

2,372,869

97,266,812

Technology

-

15.8%

Amentum

Holdings,

Inc.

Term

B

due

09/29/31

± ∞

2,000,000

1,996,250

Applied

Systems,

Inc.

(2nd

Lien)

9.854%

(SOFR

+

5.250%)

due

02/23/32

§ ∞

6,500,000

6,706,511

Term

B

7.604%

(SOFR

+

3.000%)

due

02/24/31

§

1,465,905

1,469,403

BCPE

Pequod

Buyer,

Inc.

Term

B

due

09/19/31

∞

2,750,000

2,743,125

Central

Parent

LLC

Term

B

7.854%

(SOFR

+

3.250%)

due

07/06/29

§ ∞

5,223,763

5,173,390

DS

Admiral

Bidco

LLC

Term

B

8.918%

(SOFR

+

4.250%)

due

06/26/31

± §

600,000

579,000

Dun

&

Bradstreet

Corp.

Term

B2

7.605%

(SOFR

+

2.750%)

due

01/18/29

§

2,244,361

2,245,589

Ellucian

Holdings,

Inc.

(2nd

Lien)

12.950%

(SOFR

+

8.000%)

due

10/09/28

§

2,990,741

3,005,694

Term

B

8.445%

(SOFR

+

3.500%)

due

10/09/29

§

3,234,680

3,246,523

Epicor

Software

Corp.

due

05/30/31

∞ 

φ

603,796

604,866

8.095%

(SOFR

+

3.250%)

due

05/30/31

§

5,146,204

5,155,317

Peraton

Corp.

(2nd

Lien)

12.971%

(SOFR

+

7.750%)

due

02/01/29

§

1,882,352

1,769,410

Term

B

8.695%

(SOFR

+

3.750%)

due

02/01/28

§

1,742,756

1,680,852

Polaris

Newco

LLC

Term

B

9.514%

(SOFR

+

4.000%)

due

06/02/28

§ ∞

5,493,431

5,411,409

Project

Boost

Purchaser

LLC

Term

B

8.786%

(SOFR

+

3.500%)

due

07/16/31

§

2,497,429

2,499,772

24

PACIFIC

SELECT

FUND

FLOATING

RATE

INCOME

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Principal

Amount

Value

10.533%

(SOFR

+

5.250%)

due

07/16/32

§ ∞

$

1,600,000

$

1,605,000

Project

Ruby

Ultimate

Parent

Corp.

Term

B1

8.460%

(SOFR

+

3.500%)

due

03/10/28

§

746,250

747,090

UKG,

Inc.

Term

B

8.555%

(SOFR

+

3.250%)

due

02/10/31

§

10,564,085

10,576,783

57,215,984

Total

Senior

Loan

Notes

    (Cost

$316,015,106)

315,093,939

SHORT-TERM

INVESTMENTS

-

6.7%

Repurchase

Agreements

-

6.7%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$24,135,016;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$24,614,683)

24,132,033

24,132,033

a

Total

Short-Term

Investments

(Cost

$24,132,033)

24,132,033

TOTAL

INVESTMENTS

-

102.4%

(Cost

$370,551,909)

370,338,270

OTHER

ASSETS

&

LIABILITIES,

NET

-

(2.4%)

(

8,801,779

)

NET

ASSETS

-

100.0%

$

361,536,491

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Exchange-Traded

Funds

$

18,986,096

$

18,986,096

$

–

$

–

Corporate

Bonds

&

Notes

12,126,202

–

12,126,202

–

Senior

Loan

Notes

315,093,939

–

299,441,732

15,652,207

Short-Term

Investments

24,132,033

–

24,132,033

–

Total

$

370,338,270

$

18,986,096

$

335,699,967

$

15,652,207

25

PACIFIC

SELECT

FUND

FLOATING

RATE

INCOME

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

As

of

September

30,

2024,

the

reconciliation

of

investments

for

significant

unobservable

inputs

(Level

3)

used

in

valuing

the

Fund’s

assets

and

liabilities

was

as

follows:

All

other

significant

unobservable

inputs

used

to

value

Senior

Loan

Notes

with

the

aggregate

value

of

$15,652,207

were

provided

by

a

single

broker

quote.

Significant

changes

to

a

single

broker

quote

would

have

direct

and

proportional

changes

to

the

fair

value

of

the

security.

Senior

Loan

Notes

Value,

Beginning

of

Period

$

7,038,240

Purchases

16,228,198

Sales

(Includes

Paydowns)

(

4,386,662

)

Accrued

Discounts

(Premiums)

13,977

Net

Realized

Gains

(Losses)

67,169

Change

in

Net

Unrealized

Appreciation

(Depreciation)

(

64,047

)

Transfers

In

945,000

Transfers

Out

(

4,189,668

)

Value,

End

of

Period

$

15,652,207

Change

in

Net

Unrealized

Appreciation

(Depreciation)

on

Level

3

Investments

Held

at

the

End

of

Period,

if

Applicable

(

$

2,313

)

Amount

Level

Transfer

Change

in

Fair

Valuation

Measurement

Inputs

Transferred

From

To

From

To

$

945,000

2

3

Vendor

Price

(Observable

Inputs)

Unobservable

Single

Broker

Quote

4,189,668

3

2

Unobservable

Single

Broker

Quote

Vendor

Price

(Observable

Inputs)

PACIFIC

SELECT

FUND

HIGH

YIELD

BOND

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

26

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

0.2%

Industrial

-

0.2%

spacing

Chart

Industries,

Inc.

*

10,571

$

1,312,284

Total

Common

Stocks

    (Cost

$1,453,701)

1,312,284

Principal

Amount

CORPORATE

BONDS

&

NOTES

-

89.1%

Basic

Materials

-

2.5%

Herens

Holdco

SARL

(Luxembourg) 

4.750%

due

05/15/28 ~

$

4,300,000

3,757,234

Novelis

Corp.

3.875%

due

08/15/31 ~

4,725,000

4,324,141

4.750%

due

01/30/30 ~

1,033,000

1,002,393

Olympus

Water

U.S.

Holding

Corp.

7.250%

due

06/15/31 ~

4,950,000

5,155,623

Perenti

Finance

Pty.

Ltd.

(Australia) 

6.500%

due

10/07/25 ~

1,171,604

1,173,069

7.500%

due

04/26/29 ~

800,000

834,039

16,246,499

Communications

-

8.7%

Altice

France

SA

(France) 

8.125%

due

02/01/27 ~

1,300,000

1,064,120

CCO

Holdings

LLC/CCO

Holdings

Capital

Corp.

4.250%

due

02/01/31 ~

2,700,000

2,382,424

4.250%

due

01/15/34 ~

1,000,000

821,145

4.750%

due

03/01/30 ~

5,510,000

5,072,433

5.375%

due

06/01/29 ~

3,200,000

3,086,346

Ciena

Corp.

4.000%

due

01/31/30 ~

5,950,000

5,630,835

Connect

Finco

SARL/Connect

U.S.

Finco

LLC

(United

Kingdom) 

9.000%

due

09/15/29 ~

3,550,000

3,439,897

CSC

Holdings

LLC

11.750%

due

01/31/29 ~

5,450,000

5,271,328

DISH

Network

Corp.

11.750%

due

11/15/27 ~

9,125,000

9,584,400

Frontier

Communications

Holdings

LLC

5.000%

due

05/01/28 ~

2,550,000

2,528,937

8.625%

due

03/15/31 ~

1,300,000

1,402,628

Level

3

Financing,

Inc.

4.000%

due

04/15/31 ~

1,575,000

1,153,687

4.875%

due

06/15/29 ~

1,400,000

1,183,000

10.500%

due

05/15/30 ~

2,427,000

2,624,194

Sable

International

Finance

Ltd.

(Chile) 

due

10/15/32 # ~

175,000

175,817

Univision

Communications,

Inc.

8.000%

due

08/15/28 ~

6,075,000

6,216,305

Vmed

O2

U.K.

Financing

I

PLC

(United

Kingdom) 

4.750%

due

07/15/31 ~

3,380,000

3,012,028

Windstream

Escrow

LLC/Windstream

Escrow

Finance

Corp.

due

10/01/31 # ~

2,525,000

2,570,291

57,219,815

a

Principal

Amount

Value

Consumer,

Cyclical

-

14.1%

American

Airlines,

Inc./AAdvantage

Loyalty

IP

Ltd.

5.750%

due

04/20/29 ~

$

2,220,000

$

2,218,152

Boyd

Gaming

Corp.

4.750%

due

06/15/31 ~

6,113,000

5,841,092

Caesars

Entertainment,

Inc.

4.625%

due

10/15/29 ~

6,850,000

6,520,261

Carnival

Corp.

7.000%

due

08/15/29 ~

2,600,000

2,764,973

Cedar

Fair

LP/Canada's

Wonderland

Co./

Magnum

Management

Corp./Millennium

Op

5.250%

due

07/15/29 

5,440,000

5,348,962

Churchill

Downs,

Inc.

6.750%

due

05/01/31 ~

2,425,000

2,507,227

Fertitta

Entertainment

LLC/Fertitta

Entertainment

Finance

Co.,

Inc.

4.625%

due

01/15/29 ~

1,700,000

1,624,483

6.750%

due

01/15/30 ~

2,500,000

2,330,782

Hilton

Grand

Vacations

Borrower

Escrow

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

4.875%

due

07/01/31 ~

1,875,000

1,703,138

5.000%

due

06/01/29 ~

90,000

85,571

6.625%

due

01/15/32 ~

1,950,000

1,975,243

Jacobs

Entertainment,

Inc.

6.750%

due

02/15/29 ~

4,450,000

4,331,297

MajorDrive

Holdings

IV

LLC

6.375%

due

06/01/29 ~

17,478,000

17,017,769

Marriott

Ownership

Resorts,

Inc.

4.500%

due

06/15/29 ~

1,650,000

1,553,314

4.750%

due

01/15/28 

950,000

913,519

Merlin

Entertainments

Group

U.S.

Holdings,

Inc.

(United

Kingdom) 

7.375%

due

02/15/31 ~

2,325,000

2,335,858

Midwest

Gaming

Borrower

LLC/Midwest

Gaming

Finance

Corp.

4.875%

due

05/01/29 ~

3,650,000

3,503,585

New

Red

Finance,

Inc.

(Canada) 

3.500%

due

02/15/29 ~

1,900,000

1,782,761

3.875%

due

01/15/28 ~

650,000

625,160

4.000%

due

10/15/30 ~

6,700,000

6,184,272

4.375%

due

01/15/28 ~

1,900,000

1,847,873

6.125%

due

06/15/29 ~

1,375,000

1,415,843

SeaWorld

Parks

&

Entertainment,

Inc.

5.250%

due

08/15/29 ~

4,650,000

4,541,062

Viking

Cruises

Ltd.

6.250%

due

05/15/25 ~

895,000

894,352

7.000%

due

02/15/29 ~

1,225,000

1,241,392

9.125%

due

07/15/31 ~

2,750,000

3,009,143

Viking

Ocean

Cruises

Ship

VII

Ltd.

5.625%

due

02/15/29 ~

175,000

174,553

Windsor

Holdings

III

LLC

8.500%

due

06/15/30 ~

3,450,000

3,694,702

Wynn

Resorts

Finance

LLC/Wynn

Resorts

Capital

Corp.

6.250%

due

03/15/33 ~

825,000

836,279

7.125%

due

02/15/31 ~

3,165,000

3,416,689

92,239,307

27

PACIFIC

SELECT

FUND

HIGH

YIELD

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Consumer,

Non-Cyclical

-

13.8%

Albertsons

Cos.,

Inc./Safeway,

Inc./New

Albertsons

LP/Albertsons

LLC

3.500%

due

03/15/29 ~

$

6,800,000

$

6,359,677

5.875%

due

02/15/28 ~

2,875,000

2,896,376

Allied

Universal

Holdco

LLC

7.875%

due

02/15/31 ~

7,225,000

7,386,457

Allied

Universal

Holdco

LLC/Allied

Universal

Finance

Corp./Atlas

Luxco

4

SARL

4.625%

due

06/01/28 ~

2,500,000

2,352,659

Avantor

Funding,

Inc.

3.875%

due

11/01/29 ~

350,000

331,439

4.625%

due

07/15/28 ~

2,775,000

2,714,443

Boost

Newco

Borrower

LLC

7.500%

due

01/15/31 ~

4,260,000

4,574,716

Charles

River

Laboratories

International,

Inc.

3.750%

due

03/15/29 ~

1,575,000

1,483,966

4.000%

due

03/15/31 ~

2,800,000

2,584,023

Chobani

LLC/Chobani

Finance

Corp.,

Inc.

4.625%

due

11/15/28 ~

3,400,000

3,314,495

CHS/Community

Health

Systems,

Inc.

4.750%

due

02/15/31 ~

905,000

796,198

5.625%

due

03/15/27 ~

1,075,000

1,058,674

10.875%

due

01/15/32 ~

2,000,000

2,206,470

Fiesta

Purchaser,

Inc.

7.875%

due

03/01/31 ~

3,935,000

4,178,502

9.625%

due

09/15/32 ~

5,800,000

6,018,298

Garda

World

Security

Corp.

(Canada) 

4.625%

due

02/15/27 ~

3,500,000

3,439,583

6.000%

due

06/01/29 ~

2,650,000

2,545,639

8.250%

due

08/01/32 ~

3,350,000

3,431,861

Medline

Borrower

LP

3.875%

due

04/01/29 ~

6,375,000

6,041,042

Medline

Borrower

LP/Medline

Co-Issuer,

Inc.

6.250%

due

04/01/29 ~

200,000

206,316

Performance

Food

Group,

Inc.

4.250%

due

08/01/29 ~

3,550,000

3,379,371

Pilgrim's

Pride

Corp.

4.250%

due

04/15/31 

4,800,000

4,566,066

Post

Holdings,

Inc.

4.625%

due

04/15/30 ~

4,700,000

4,501,307

Shift4

Payments

LLC/Shift4

Payments

Finance

Sub,

Inc.

6.750%

due

08/15/32 ~

3,475,000

3,630,722

Tenet

Healthcare

Corp.

4.250%

due

06/01/29 

1,265,000

1,220,685

4.375%

due

01/15/30 

2,300,000

2,208,316

6.125%

due

06/15/30 

425,000

432,477

U.S.

Foods,

Inc.

due

04/15/33 # ~

875,000

878,126

4.625%

due

06/01/30 ~

2,050,000

1,982,308

Wand

NewCo

3,

Inc.

7.625%

due

01/30/32 ~

3,403,250

3,587,665

90,307,877

Energy

-

12.9%

Aethon

United

BR

LP/Aethon

United

Finance

Corp.

due

10/01/29 # ~

1,675,000

1,698,382

a

Principal

Amount

Value

Antero

Midstream

Partners

LP/Antero

Midstream

Finance

Corp.

5.375%

due

06/15/29 ~

$

5,150,000

$

5,100,262

6.625%

due

02/01/32 ~

200,000

207,158

Archrock

Partners

LP/Archrock

Partners

Finance

Corp.

6.625%

due

09/01/32 ~

2,700,000

2,770,729

Civitas

Resources,

Inc.

8.625%

due

11/01/30 ~

3,250,000

3,446,047

Comstock

Resources,

Inc.

6.750%

due

03/01/29 ~

1,625,000

1,582,840

CQP

Holdco

LP/BIP-V

Chinook

Holdco

LLC

7.500%

due

12/15/33 ~

5,300,000

5,754,666

Enerflex

Ltd.

(Canada) 

9.000%

due

10/15/27 ~

8,150,000

8,436,118

Energy

Transfer

LP

7.125%

due

10/01/54 

7,675,000

7,854,227

Genesis

Energy

LP/Genesis

Energy

Finance

Corp.

7.875%

due

05/15/32 

3,375,000

3,438,926

8.250%

due

01/15/29 

225,000

233,199

Range

Resources

Corp.

4.750%

due

02/15/30 ~

2,450,000

2,365,026

Sunoco

LP

7.250%

due

05/01/32 ~

3,625,000

3,845,534

Transocean,

Inc.

8.500%

due

05/15/31 ~

3,550,000

3,529,727

USA

Compression

Partners

LP/USA

Compression

Finance

Corp.

7.125%

due

03/15/29 ~

3,625,000

3,736,440

Venture

Global

Calcasieu

Pass

LLC

3.875%

due

08/15/29 ~

675,000

638,416

3.875%

due

11/01/33 ~

3,515,000

3,155,254

4.125%

due

08/15/31 ~

675,000

628,101

6.250%

due

01/15/30 ~

1,150,000

1,206,259

Venture

Global

LNG,

Inc.

7.000%

due

01/15/30 ~

2,275,000

2,325,873

8.125%

due

06/01/28 ~

1,600,000

1,669,103

8.375%

due

06/01/31 ~

350,000

369,812

9.000%

due

09/30/29 ~

4,975,000

5,046,610

9.500%

due

02/01/29 ~

5,750,000

6,480,996

9.875%

due

02/01/32 ~

5,765,000

6,409,624

Vital

Energy,

Inc.

7.875%

due

04/15/32 ~

2,200,000

2,132,790

84,062,119

Financial

-

6.7%

Acrisure

LLC/Acrisure

Finance,

Inc.

7.500%

due

11/06/30 ~

9,625,000

9,913,461

Alliant

Holdings

Intermediate

LLC/Alliant

Holdings

Co-Issuer

6.500%

due

10/01/31 ~

1,950,000

1,972,887

7.375%

due

10/01/32 ~

2,275,000

2,309,358

CoreLogic,

Inc.

4.500%

due

05/01/28 ~

2,650,000

2,503,409

Howard

Hughes

Corp.

4.375%

due

02/01/31 ~

1,925,000

1,766,077

5.375%

due

08/01/28 ~

1,725,000

1,701,079

Howden

U.K.

Refinance

PLC/Howden

U.K.

Refinance

2

PLC/Howden

U.S.

Refinance

LLC

(United

Kingdom) 

7.250%

due

02/15/31 ~

3,600,000

3,738,744

8.125%

due

02/15/32 ~

1,725,000

1,774,742

28

PACIFIC

SELECT

FUND

HIGH

YIELD

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Iron

Mountain,

Inc.

4.500%

due

02/15/31 ~

$

450,000

$

427,242

4.875%

due

09/15/29 ~

4,050,000

3,969,721

5.000%

due

07/15/28 ~

625,000

617,320

5.250%

due

03/15/28 ~

500,000

498,412

OneMain

Finance

Corp.

3.875%

due

09/15/28 

2,500,000

2,320,899

Panther

Escrow

Issuer

LLC

7.125%

due

06/01/31 ~

5,325,000

5,589,621

Park

Intermediate

Holdings

LLC/PK

Domestic

Property

LLC/PK

Finance

Co-Issuer

4.875%

due

05/15/29 ~

4,800,000

4,661,766

43,764,738

Industrial

-

22.7%

Boeing

Co.

6.388%

due

05/01/31 ~

3,060,000

3,255,019

BWX

Technologies,

Inc.

4.125%

due

06/30/28 ~

4,150,000

4,006,626

4.125%

due

04/15/29 ~

6,650,000

6,396,243

Calderys

Financing

II

LLC

11.750%

Cash

or

12.500%

PIK

due

06/01/28 ~

4,225,000

4,296,014

Chart

Industries,

Inc.

7.500%

due

01/01/30 ~

3,275,000

3,455,702

9.500%

due

01/01/31 ~

6,375,000

6,954,277

Clydesdale

Acquisition

Holdings,

Inc.

8.750%

due

04/15/30 ~

2,775,000

2,820,643

EMRLD

Borrower

LP/Emerald

Co-Issuer,

Inc.

6.625%

due

12/15/30 ~

2,465,000

2,544,731

6.750%

due

07/15/31 ~

175,000

182,646

EquipmentShare.com,

Inc.

8.625%

due

05/15/32 ~

1,495,000

1,570,270

First

Student

Bidco,

Inc./First

Transit

Parent,

Inc.

4.000%

due

07/31/29 ~

5,350,000

5,024,420

GFL

Environmental,

Inc.

3.500%

due

09/01/28 ~

3,950,000

3,763,815

3.750%

due

08/01/25 ~

1,725,000

1,712,556

6.750%

due

01/15/31 ~

675,000

708,806

Graham

Packaging

Co.,

Inc.

7.125%

due

08/15/28 ~

1,800,000

1,784,079

Husky

Injection

Molding

Systems

Ltd./Titan

Co-Borrower

LLC

(Canada) 

9.000%

due

02/15/29 ~

5,300,000

5,537,233

Iris

Holding,

Inc.

10.000%

due

12/15/28 ~

1,780,000

1,553,218

LABL,

Inc.

due

10/01/31 # ~

3,125,000

3,104,586

5.875%

due

11/01/28 ~

4,000,000

3,753,686

8.250%

due

11/01/29 ~

3,025,000

2,735,521

9.500%

due

11/01/28 ~

150,000

155,179

Madison

IAQ

LLC

5.875%

due

06/30/29 ~

2,750,000

2,679,897

Mauser

Packaging

Solutions

Holding

Co.

7.875%

due

04/15/27 ~

1,375,000

1,422,338

9.250%

due

04/15/27 ~

7,300,000

7,492,056

OT

Merger

Corp.

7.875%

due

10/15/29 ~

6,082,000

2,539,326

Regal

Rexnord

Corp.

6.400%

due

04/15/33 

5,200,000

5,565,114

a

Principal

Amount

Value

Sealed

Air

Corp.

6.875%

due

07/15/33 ~

$

1,800,000

$

1,963,616

Sealed

Air

Corp./Sealed

Air

Corp.

U.S.

6.125%

due

02/01/28 ~

6,850,000

6,970,745

7.250%

due

02/15/31 ~

225,000

238,419

Sensata

Technologies

BV

4.000%

due

04/15/29 ~

2,100,000

2,003,647

Sensata

Technologies,

Inc.

4.375%

due

02/15/30 ~

2,950,000

2,822,156

Spirit

AeroSystems,

Inc.

9.375%

due

11/30/29 ~

2,725,000

2,959,628

9.750%

due

11/15/30 ~

450,000

502,313

SPX

FLOW,

Inc.

8.750%

due

04/01/30 ~

12,600,000

13,230,227

Standard

Building

Solutions,

Inc.

6.500%

due

08/15/32 ~

575,000

595,872

Standard

Industries,

Inc.

3.375%

due

01/15/31 ~

450,000

401,281

4.375%

due

07/15/30 ~

1,650,000

1,562,934

4.750%

due

01/15/28 ~

4,425,000

4,338,072

TK

Elevator

Holdco

GmbH

(Germany) 

7.625%

due

07/15/28 ~

6,651,000

6,699,652

TK

Elevator

U.S.

Newco,

Inc.

(Germany) 

5.250%

due

07/15/27 ~

3,200,000

3,167,990

TransDigm,

Inc.

4.625%

due

01/15/29 

925,000

894,055

4.875%

due

05/01/29 

1,200,000

1,169,483

6.000%

due

01/15/33 ~

1,300,000

1,319,389

6.375%

due

03/01/29 ~

5,250,000

5,423,092

6.625%

due

03/01/32 ~

675,000

703,750

6.750%

due

08/15/28 ~

2,975,000

3,065,850

6.875%

due

12/15/30 ~

1,150,000

1,205,333

7.125%

due

12/01/31 ~

1,975,000

2,091,350

148,342,855

Technology

-

2.7%

Amentum

Escrow

Corp.

7.250%

due

08/01/32 ~

2,822,000

2,947,714

Entegris,

Inc.

4.375%

due

04/15/28 ~

1,675,000

1,617,813

4.750%

due

04/15/29 ~

2,975,000

2,934,392

Open

Text

Corp.

(Canada) 

3.875%

due

12/01/29 ~

650,000

604,855

Open

Text

Holdings,

Inc.

(Canada) 

4.125%

due

12/01/31 ~

3,350,000

3,081,561

Rackspace

Finance

LLC

3.500%

due

05/15/28 ~

1,417,500

711,125

UKG,

Inc.

6.875%

due

02/01/31 ~

5,370,000

5,552,720

17,450,180

Utilities

-

5.0%

Calpine

Corp.

5.125%

due

03/15/28 ~

3,950,000

3,897,949

NextEra

Energy

Capital

Holdings,

Inc.

6.700%

due

09/01/54 

2,000,000

2,103,004

NextEra

Energy

Operating

Partners

LP

7.250%

due

01/15/29 ~

4,200,000

4,431,753

NRG

Energy,

Inc.

3.625%

due

02/15/31 ~

5,650,000

5,125,013

PG&E

Corp.

5.250%

due

07/01/30 

3,960,000

3,936,347

Vistra

Operations

Co.

LLC

4.375%

due

05/01/29 ~

9,525,000

9,226,603

29

PACIFIC

SELECT

FUND

HIGH

YIELD

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

5.000%

due

07/31/27 ~

$

3,350,000

$

3,336,279

6.875%

due

04/15/32 ~

325,000

342,143

7.750%

due

10/15/31 ~

575,000

619,486

33,018,577

Total

Corporate

Bonds

&

Notes

    (Cost

$566,997,812)

582,651,967

SENIOR

LOAN

NOTES

-

3.1%

Industrial

-

2.5%

Engineered

Machinery

Holdings,

Inc.

(2nd

Lien)

10.865%

(SOFR

+

6.000%)

due

05/21/29

§

4,000,000

4,010,000

Iris

Holding,

Inc.

10.102%

(SOFR

+

4.750%)

due

06/28/28

§

2,980,088

2,817,426

SPX

Flow,

Inc.

Term

B

8.345%

(SOFR

+

3.500%)

due

04/05/29

§

3,500,000

3,508,351

STS

Operating,

Inc.

8.945%

(SOFR

+

4.000%)

due

03/25/31

§

2,597,485

2,583,415

TK

Elevator

U.S.

Newco,

Inc.

Term

B

(Germany) 

8.588%

(SOFR

+

3.500%)

due

04/30/30

§

3,482,522

3,494,613

16,413,805

Technology

-

0.6%

Peraton

Corp.

(2nd

Lien)

12.971%

(SOFR

+

7.750%)

due

02/01/29

§

4,125,000

3,877,500

UKG,

Inc.

Term

B

8.555%

(SOFR

+

3.250%)

due

02/10/31

§

613

613

3,878,113

Total

Senior

Loan

Notes

    (Cost

$20,635,052)

20,291,918

ASSET-BACKED

SECURITIES

-

4.4%

Other

Asset-Backed

Securities

-

4.4%

AIMCO

CLO

(Cayman)

11.508%

(SOFR

+

6.350%)

due

10/17/34 ~ §

1,000,000

1,004,259

AIMCO

CLO

10

Ltd.

(Cayman)

10.932%

(SOFR

+

5.650%)

due

07/22/37 ~ §

2,075,000

2,085,082

Benefit

Street

Partners

CLO

XVI

Ltd.

(Cayman)

12.247%

(SOFR

+

6.962%)

due

01/17/32 ~ §

2,500,000

2,519,231

CarVal

CLO

III

Ltd.

(Cayman)

11.984%

(SOFR

+

6.702%)

due

07/20/32 ~ §

3,975,000

3,925,550

CarVal

CLO

VII-C

Ltd.

(Jersey)

11.632%

(SOFR

+

6.350%)

due

07/20/37 ~ §

2,000,000

2,009,695

a

Principal

Amount

Value

Clover

CLO

LLC

11.724%

(SOFR

+

6.400%)

due

04/20/37 ~ §

$

1,000,000

$

1,007,517

Eaton

Vance

CLO

Ltd.

11.551%

(SOFR

+

6.250%)

due

10/15/37 ~ §

1,000,000

999,961

Juniper

Valley

Park

CLO

Ltd.

(Jersey)

10.782%

(SOFR

+

5.500%)

due

07/20/36 ~ §

1,550,000

1,557,547

Magnetite

XL

Ltd.

(Cayman)

11.082%

(SOFR

+

5.750%)

due

07/15/37 ~ §

1,700,000

1,686,613

Magnetite

XXIII

Ltd.

(Cayman)

11.846%

(SOFR

+

6.562%)

due

01/25/35 ~ §

500,000

502,155

Neuberger

Berman

Loan

Advisers

CLO

35

Ltd.

(Cayman)

12.541%

(SOFR

+

7.262%)

due

01/19/33 ~ §

2,100,000

2,105,188

OCP

CLO

Ltd.

(Cayman)

11.394%

(SOFR

+

6.112%)

due

07/20/31 ~ §

1,330,000

1,337,098

OHA

Loan

Funding

Ltd.

(Cayman)

11.035%

(SOFR

+

5.700%)

due

07/20/37 ~ §

2,625,000

2,619,211

RR

19

Ltd.

(Cayman)

12.063%

(SOFR

+

6.762%)

due

10/15/35 ~ §

625,000

629,282

RR

8

Ltd.

(Cayman)

11.575%

(SOFR

+

6.250%)

due

07/15/37 ~ §

2,000,000

2,012,043

Trimaran

CAVU

Ltd.

(Cayman)

12.911%

(SOFR

+

7.632%)

due

01/18/35 ~ §

1,130,000

1,136,546

Unity-Peace

Park

CLO

Ltd.

(Jersey)

12.457%

(SOFR

+

7.175%)

due

04/20/35 ~ §

1,500,000

1,510,475

28,647,453

Total

Asset-Backed

Securities

    (Cost

$28,323,270)

28,647,453

SHORT-TERM

INVESTMENTS

-

2.8%

Repurchase

Agreements

-

2.8%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$18,374,460;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$18,739,663)

18,372,189

18,372,189

a

Total

Short-Term

Investments

(Cost

$18,372,189)

18,372,189

TOTAL

INVESTMENTS

-

99.6%

(Cost

$635,782,024)

651,275,811

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.4%

2,920,119

NET

ASSETS

-

100.0%

$

654,195,930

30

PACIFIC

SELECT

FUND

HIGH

YIELD

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

1,312,284

$

1,312,284

$

–

$

–

Corporate

Bonds

&

Notes

582,651,967

–

582,651,967

–

Senior

Loan

Notes

20,291,918

–

20,291,918

–

Asset-Backed

Securities

28,647,453

–

28,647,453

–

Short-Term

Investments

18,372,189

–

18,372,189

–

Total

$

651,275,811

$

1,312,284

$

649,963,527

$

–

PACIFIC

SELECT

FUND

INFLATION

MANAGED

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

31

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CORPORATE

BONDS

&

NOTES

-

0.5%

Financial

-

0.5%

Avolon

Holdings

Funding

Ltd.

(Ireland) 

2.528%

due

11/18/27 ~

$

6,000

$

5,604

Bank

of

America

Corp.

5.875%

due

03/15/28 

410,000

416,549

Jyske

Realkredit

AS

(Denmark) 

0.500%

due

10/01/43 

DKK

14,739

1,825

1.500%

due

10/01/53 

1,779,946

214,248

2.500%

due

10/01/47 

655

93

Nordea

Kredit

Realkreditaktieselskab

(Denmark) 

1.000%

due

10/01/50 ~

644

79

1.500%

due

10/01/53 

734,892

81,845

2.000%

due

10/01/53 

999,840

117,735

2.000%

due

10/01/53 ~

199,799

25,508

2.500%

due

10/01/47 

328

47

Nykredit

Realkredit

AS

(Denmark) 

1.000%

due

10/01/50 ~

134

16

1.500%

due

10/01/52 ~

3,977,207

489,828

1.500%

due

10/01/53 ~

99,636

10,662

2.500%

due

10/01/47 ~

1,764

251

Realkredit

Danmark

AS

(Denmark) 

2.000%

due

10/01/53 ~

330,725

38,717

2.500%

due

04/01/47 ~

8,117

1,156

UBS

Group

AG

(Switzerland) 

0.650%

due

01/14/28 ~

EUR

100,000

105,375

4.664%

(EURIBOR

+

1.000%)

due

01/16/26 ~ §

100,000

111,566

7.750%

due

03/01/29 ~

100,000

127,490

1,748,594

Technology

-

0.0%

VMware

LLC

3.900%

due

08/21/27 

$

100,000

98,983

Total

Corporate

Bonds

&

Notes

    (Cost

$2,052,826)

1,847,577

MORTGAGE-BACKED

SECURITIES

-

19.6%

Collateralized

Mortgage

Obligations

-

Commercial

-

1.3%

BAMLL

Commercial

Mortgage

Securities

Trust

6.261%

(SOFR

+

1.164%)

due

09/15/38 ~ §

500,000

479,501

BDS

LLC

6.765%

(SOFR

+

1.800%)

due

03/19/39 ~ §

945,982

946,169

GS

Mortgage

Securities

Corp.

Trust

8.497%

(SOFR

+

3.400%)

due

08/15/39 ~ §

1,600,000

1,604,453

LoanCore

Issuer

Ltd.

(Cayman)

6.892%

(SOFR

+

1.550%)

due

01/17/37 ~ §

557,514

558,557

MF1

LLC

7.115%

(SOFR

+

2.150%)

due

06/19/37 ~ §

594,919

596,212

TRTX

Issuer

Ltd.

(Cayman)

6.733%

(SOFR

+

1.650%)

due

02/15/39 ~ §

491,177

489,335

4,674,227

a

Principal

Amount

Value

Collateralized

Mortgage

Obligations

-

Residential

-

2.7%

Angel

Oak

Mortgage

Trust

1.469%

due

06/25/65 ~ §

$

159,820

$

151,544

Bear

Stearns

ARM

Trust

5.125%

due

01/25/35 §

58,941

50,801

Chevy

Chase

Funding

LLC

Mortgage-

Backed

Certificates

5.329%

(SOFR

+

0.474%)

due

03/25/35 ~ §

141,029

137,610

Citigroup

Mortgage

Loan

Trust,

Inc.

5.125%

due

05/25/42 ~ §

455,196

427,393

7.410%

(UST

+

2.400%)

due

05/25/35 §

4,383

4,360

Eurosail-U.K.

PLC

(United

Kingdom)

6.049%

(SONIA

+

1.069%)

due

06/13/45 ~ §

GBP

226,757

302,350

Federal

Home

Loan

Mortgage

Corp.

REMICS

5.807%

(SOFR

+

0.464%)

due

01/15/47 §

$

817,647

806,241

5.816%

(SOFR

+

0.464%)

due

07/15/44 §

222,132

225,136

Federal

Home

Loan

Mortgage

Corp.

STRIPS

5.907%

(SOFR

+

0.564%)

due

09/15/42 §

499,770

496,082

Federal

Home

Loan

Mortgage

Corp.

Structured

Pass-Through

Certificates

5.229%

(SOFR

+

0.374%)

due

08/25/31 §

30,043

31,199

Federal

National

Mortgage

Association

REMICS

5.613%

(SOFR

+

0.264%)

due

08/25/34 §

12,347

12,128

5.707%

(SOFR

+

0.174%)

due

07/25/37 §

188,236

183,625

5.745%

(SOFR

+

0.464%)

due

07/25/37 §

1,941

1,922

6.579%

due

05/25/35 §

144,693

148,460

Government

National

Mortgage

Association

REMICS

5.461%

(SOFR

+

0.865%)

due

08/20/68 §

555,376

553,817

6.245%

(SOFR

+

0.900%)

due

10/20/72 §

2,392,581

2,406,199

6.445%

(SOFR

+

1.100%)

due

05/20/73 §

503,721

512,757

6.522%

(SOFR

+

1.465%)

due

04/20/67 §

446,585

455,575

GSMPS

Mortgage

Loan

Trust

7.000%

due

06/25/43 ~

115,040

122,205

GSR

Mortgage

Loan

Trust

6.578%

due

01/25/35 §

46,483

43,796

HarborView

Mortgage

Loan

Trust

5.755%

(SOFR

+

0.794%)

due

06/20/35 §

1,400,707

1,322,618

Impac

CMB

Trust

5.969%

(SOFR

+

1.114%)

due

07/25/33 §

3,077

3,074

JP

Morgan

Mortgage

Trust

6.842%

due

07/25/35 §

26,537

26,497

32

PACIFIC

SELECT

FUND

INFLATION

MANAGED

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Mellon

Residential

Funding

Corp.

Mortgage

Pass-Through

Certificates

5.911%

(SOFR

+

0.814%)

due

11/15/31 §

$

43,889

$

42,095

Mellon

Residential

Funding

Corp.

Mortgage

Pass-Through

Trust

5.651%

(SOFR

+

0.554%)

due

12/15/30 §

31,424

30,306

New

Residential

Mortgage

Loan

Trust

3.250%

due

02/25/59 ~ §

261,323

253,360

Sequoia

Mortgage

Trust

5

5.779%

(SOFR

+

0.814%)

due

10/19/26 §

32,599

31,875

Structured

Adjustable

Rate

Mortgage

Loan

Trust

7.251%

due

02/25/34 §

11,432

11,054

Structured

Asset

Mortgage

Investments

II

Trust

5.579%

(SOFR

+

0.614%)

due

07/19/35 §

149,979

140,396

5.739%

(SOFR

+

0.774%)

due

10/19/34 §

61,330

58,432

Thornburg

Mortgage

Securities

Trust

5.589%

(SOFR

+

0.734%)

due

06/25/44 §

827,601

776,462

9,769,369

Federal

Home

Loan

Mortgage

Corp.

-

0.1%

6.350%

(UST

+

2.225%)

due

01/01/34 §

28,367

29,100

6.500%

due

02/01/54 

362,362

373,731

7.481%

(RFUCC

+

1.731%)

due

08/01/35 §

1,087

1,113

403,944

Federal

National

Mortgage

Association

-

0.1%

5.175%

(RFUCC

+

0.675%)

due

02/01/36 §

27,034

27,350

5.522%

(RFUCC

+

1.272%)

due

11/01/35 §

18,382

18,482

5.607%

(RFUCC

+

1.357%)

due

12/01/34 §

13,317

13,325

6.030%

(RFUCC

+

1.780%)

due

11/01/35 §

6,454

6,528

6.363%

(US

FED

+

1.200%)

due

11/01/42

-

10/01/44

§

55,807

56,419

6.394%

(RFUCC

+

1.644%)

due

03/01/35 §

68,208

69,201

6.663%

(RFUCC

+

1.538%)

due

01/01/36 §

5,593

5,579

7.337%

(RFUCC

+

2.000%)

due

04/01/35 §

73,567

74,412

271,296

Government

National

Mortgage

Association

-

4.1%

3.500%

due

05/20/52

495,858

465,965

3.500%

due

10/20/54 

15,000,000

14,094,074

3.625%

(UST

+

1.500%)

due

07/20/25 §

746

745

3.750%

(UST

+

1.500%)

due

11/20/26 §

1,146

1,142

4.000%

(UST

+

1.500%)

due

10/20/24

-

12/20/26

§

737

732

a

Principal

Amount

Value

4.625%

(UST

+

1.500%)

due

02/20/25

-

01/20/27

§

$

1,550

$

1,543

5.000%

(UST

+

1.500%)

due

05/20/26 §

1,337

1,326

14,565,527

Uniform

Mortgage-Backed

Securities

-

11.3%

due

11/01/54 #

1,700,000

1,634,142

due

11/01/54 #

10,000,000

9,835,739

due

11/01/54 #

8,000,000

8,244,020

due

11/01/54 #

11,200,000

11,447,162

due

11/01/54 #

9,500,000

9,610,747

40,771,810

Total

Mortgage-Backed

Securities

    (Cost

$70,525,422)

70,456,173

ASSET-BACKED

SECURITIES

-

8.5%

Home

Equity

Other

-

1.3%

ABFC

Trust

5.669%

(SOFR

+

0.814%)

due

06/25/34 §

769,354

767,605

ACE

Securities

Corp.

Home

Equity

Loan

Trust

5.749%

(SOFR

+

0.894%)

due

04/25/34 §

529,034

501,575

Citigroup

Mortgage

Loan

Trust,

Inc.

5.259%

(SOFR

+

0.404%)

due

09/25/36 ~ §

208,064

200,380

Credit-Based

Asset

Servicing

&

Securitization

LLC

3.774%

(SOFR

+

1.164%)

due

06/25/35 §

1,072,841

1,040,474

Home

Equity

Asset

Trust

5.824%

(SOFR

+

0.969%)

due

08/25/34 §

80,312

79,675

6.169%

(SOFR

+

1.314%)

due

07/25/35 §

719,293

713,066

Merrill

Lynch

Mortgage

Investors

Trust

5.689%

(SOFR

+

0.834%)

due

10/25/35 §

622,129

626,726

Morgan

Stanley

ABS

Capital

I,

Inc.

Trust

5.629%

(SOFR

+

0.774%)

due

01/25/35 §

389,777

376,277

5.944%

(SOFR

+

1.089%)

due

07/25/34 §

65,438

67,636

Renaissance

Home

Equity

Loan

Trust

5.729%

(SOFR

+

0.874%)

due

12/25/32 §

146,221

137,070

Saxon

Asset

Securities

Trust

5.279%

(SOFR

+

0.424%)

due

09/25/37 §

107,842

103,120

Structured

Asset

Securities

Corp.

Mortgage

Loan

Trust

6.815%

(SOFR

+

1.614%)

due

04/25/35 §

94,387

93,814

4,707,418

Other

Asset-Backed

Securities

-

7.2%

522

Funding

CLO

Ltd.

6.584%

(SOFR

+

1.302%)

due

10/20/31 ~ §

670,435

671,440

33

PACIFIC

SELECT

FUND

INFLATION

MANAGED

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

ACAS

CLO

Ltd.

(Cayman)

6.431%

(SOFR

+

1.152%)

due

10/18/28 ~ §

$

59,281

$

59,328

Adagio

CLO

VIII

DAC

(Ireland)

4.615%

(EURIBOR

+

0.930%)

due

04/15/32 ~ §

EUR

1,000,000

1,112,314

Apidos

CLO

XXVI

Ltd.

(Cayman)

6.441%

(SOFR

+

1.162%)

due

07/18/29 ~ §

$

54,860

54,875

Apidos

CLO

XXVII

Ltd.

(Cayman)

6.477%

(SOFR

+

1.192%)

due

07/17/30 ~ §

93,287

93,313

ARES

European

CLO

VI

DAC

(Ireland)

4.295%

(EURIBOR

+

0.610%)

due

04/15/30 ~ §

EUR

221,438

246,339

ARES

European

CLO

X

DAC

(Ireland)

4.465%

(EURIBOR

+

0.780%)

due

10/15/31 ~ §

670,141

746,595

ARES

L

CLO

Ltd.

(Cayman)

6.613%

(SOFR

+

1.312%)

due

01/15/32 ~ §

$

616,207

616,875

ARES

LII

CLO

Ltd.

(Cayman)

6.594%

(SOFR

+

1.312%)

due

04/22/31 ~ §

266,587

267,078

Atlas

Senior

Loan

Fund

Ltd.

(Cayman)

6.698%

(SOFR

+

1.412%)

due

01/16/30 ~ §

59,821

59,894

Benefit

Street

Partners

CLO

XVII

Ltd.

(Cayman)

6.643%

(SOFR

+

1.342%)

due

07/15/32 ~ §

1,800,000

1,800,000

Black

Diamond

CLO

DAC

(Ireland)

4.548%

(EURIBOR

+

0.860%)

due

01/20/32 ~ §

EUR

232,624

259,271

Carlyle

Euro

CLO

DAC

(Ireland)

4.172%

(EURIBOR

+

0.630%)

due

08/15/30 ~ §

133,978

149,291

Carlyle

Global

Market

Strategies

CLO

Ltd.

6.328%

(SOFR

+

1.212%)

due

08/14/30 ~ §

$

69,319

69,388

Carlyle

Global

Market

Strategies

Euro

CLO

Ltd.

(Ireland)

4.292%

(EURIBOR

+

0.750%)

due

11/15/31 ~ §

EUR

1,447,822

1,610,105

Catamaran

CLO

Ltd.

(Cayman)

6.644%

(SOFR

+

1.362%)

due

04/22/30 ~ §

$

127,925

128,085

CBAM

Ltd.

(Cayman)

6.794%

(SOFR

+

1.512%)

due

07/20/30 ~ §

199,396

199,629

CIFC

Funding

Ltd.

(Cayman)

6.495%

(SOFR

+

1.212%)

due

10/24/30 ~ §

206,910

207,098

6.541%

(SOFR

+

1.262%)

due

04/18/31 ~ §

340,322

340,705

Crestline

Denali

CLO

XIV

Ltd.

(Cayman)

6.685%

(SOFR

+

1.402%)

due

10/23/31 ~ §

182,653

182,886

Crestline

Denali

CLO

XV

Ltd.

(Cayman)

6.574%

(SOFR

+

1.292%)

due

04/20/30 ~ §

97,090

97,114

a

Principal

Amount

Value

CVC

Cordatus

Opportunity

Loan

Fund

DAC

(Ireland)

4.922%

(EURIBOR

+

1.380%)

due

08/15/33 ~ §

EUR

990,754

$

1,108,034

Dryden

52

Euro

CLO

DAC

(Ireland)

4.402%

(EURIBOR

+

0.860%)

due

05/15/34 ~ §

357,739

397,778

Dryden

64

CLO

Ltd.

(Cayman)

6.511%

(SOFR

+

1.232%)

due

04/18/31 ~ §

$

510,278

510,659

Dryden

XXVI

Senior

Loan

Fund

(Cayman)

6.463%

(SOFR

+

1.162%)

due

04/15/29 ~ §

970,398

971,421

Dunedin

Park

CLO

DAC

(Ireland)

4.540%

(EURIBOR

+

0.980%)

due

11/20/34 ~ §

EUR

500,000

554,676

Gallatin

CLO

VIII

Ltd.

(Cayman)

6.653%

(SOFR

+

1.352%)

due

07/15/31 ~ §

$

274,097

274,425

Harvest

CLO

XXII

DAC

(Ireland)

4.535%

(EURIBOR

+

0.850%)

due

01/15/32 ~ §

EUR

1,200,000

1,333,694

KKR

CLO

9

Ltd.

(Cayman)

6.513%

(SOFR

+

1.212%)

due

07/15/30 ~ §

$

117,971

118,045

LCM

XV

LP

(Cayman)

6.544%

(SOFR

+

1.262%)

due

07/20/30 ~ §

251,627

251,753

LCM

XVIII

LP

(Cayman)

6.564%

(SOFR

+

1.282%)

due

04/20/31 ~ §

384,634

385,080

Madison

Park

Euro

Funding

IX

DAC

(Ireland)

4.565%

(EURIBOR

+

0.880%)

due

07/15/35 ~ §

EUR

1,000,000

1,106,442

MidOcean

Credit

CLO

VIII

(Cayman)

6.440%

(SOFR

+

1.312%)

due

02/20/31 ~ §

$

163,472

163,655

Oak

Hill

European

Credit

Partners

VII

DAC

(Ireland)

4.428%

(EURIBOR

+

0.740%)

due

10/20/31 ~ §

EUR

495,906

550,223

Oaktree

CLO

Ltd.

(Cayman)

6.654%

(SOFR

+

1.372%)

due

04/22/30 ~ §

$

291,650

291,881

Octagon

Investment

Partners

18-R

Ltd.

(Cayman)

6.508%

(SOFR

+

1.222%)

due

04/16/31 ~ §

378,257

378,825

OSD

CLO

Ltd.

(Cayman)

6.417%

(SOFR

+

1.132%)

due

04/17/31 ~ §

867,067

868,132

OZLM

VIII

Ltd.

(Cayman)

6.527%

(SOFR

+

1.242%)

due

10/17/29 ~ §

72,745

72,785

OZLM

XXIV

Ltd.

(Cayman)

6.704%

(SOFR

+

1.422%)

due

07/20/32 ~ §

200,000

200,213

Palmer

Square

Loan

Funding

Ltd.

(Cayman)

6.344%

(SOFR

+

1.062%)

due

07/20/29 ~ §

147,418

147,568

6.363%

(SOFR

+

1.062%)

due

10/15/29 ~ §

251,232

251,410

34

PACIFIC

SELECT

FUND

INFLATION

MANAGED

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Rad

CLO

5

Ltd.

(Cayman)

6.665%

(SOFR

+

1.382%)

due

07/24/32 ~ §

$

500,000

$

500,415

Romark

CLO

Ltd.

(Cayman)

6.575%

(SOFR

+

1.292%)

due

10/23/30 ~ §

241,032

241,378

Saranac

CLO

VI

Ltd.

(Jersey)

6.333%

(SOFR

+

1.402%)

due

08/13/31 ~ §

164,799

165,021

Segovia

European

CLO

DAC

(Ireland)

4.568%

(EURIBOR

+

0.880%)

due

07/20/32 ~ §

EUR

396,326

440,356

SLM

Student

Loan

Trust

6.171%

(SOFR

+

0.812%)

due

10/25/64 ~ §

$

461,617

455,218

Sound

Point

CLO

IX

Ltd.

(Cayman)

6.754%

(SOFR

+

1.472%)

due

07/20/32 ~ §

600,000

600,658

TCW

CLO

Ltd.

(Cayman)

6.516%

(SOFR

+

1.232%)

due

04/25/31 ~ §

218,000

218,109

THL

Credit

Wind

River

CLO

Ltd.

(Cayman)

6.643%

(SOFR

+

1.342%)

due

07/15/31 ~ §

261,980

262,308

Tikehau

CLO

IV

DAC

(Ireland)

4.585%

(EURIBOR

+

0.900%)

due

10/15/31 ~ §

EUR

864,737

962,822

TSTAT

Ltd.

(Bermuda)

6.432%

(SOFR

+

1.150%)

due

07/20/37 ~ §

$

500,000

500,120

U.S.

Small

Business

Administration

5.290%

due

12/01/27 

202,027

202,685

Venture

XXIV

CLO

Ltd.

(Cayman)

6.444%

(SOFR

+

1.162%)

due

10/20/28 ~ §

20,535

20,542

Venture

XXVIII

CLO

Ltd.

(Cayman)

6.534%

(SOFR

+

1.252%)

due

07/20/30 ~ §

188,116

188,239

Vibrant

CLO

XI

Ltd.

(Cayman)

6.664%

(SOFR

+

1.382%)

due

07/20/32 ~ §

300,000

300,288

Voya

CLO

Ltd.

(Cayman)

6.497%

(SOFR

+

1.212%)

due

04/17/30 ~ §

596,275

596,632

6.663%

(SOFR

+

1.362%)

due

07/14/31 ~ §

262,978

263,230

Wellfleet

CLO

Ltd.

(Cayman)

6.647%

(SOFR

+

1.362%)

due

07/17/31 ~ §

1,017,016

1,018,007

25,844,350

Total

Asset-Backed

Securities

    (Cost

$30,395,274)

30,551,768

U.S.

TREASURY

OBLIGATIONS

-

81.3%

U.S.

Treasury

Inflation

Protected

Securities

-

81.3%

0.125%

due

04/15/26 ^

6,836,694

6,646,890

0.125%

due

07/15/26 ^

14,854,670

14,480,854

0.125%

due

10/15/26 ^

7,021,710

6,828,221

0.125%

due

04/15/27 ^

5,792,696

5,577,625

0.125%

due

01/15/30 ^

10,196,234

9,515,574

0.125%

due

07/15/30 ^

11,900,251

11,068,774

a

Principal

Amount

Value

0.125%

due

01/15/31 ^

$

6,645,815

$

6,108,339

0.125%

due

07/15/31 ^

2,734,302

2,502,399

0.125%

due

02/15/51 ^

2,428,261

1,535,470

0.125%

due

02/15/52 ^

790,909

492,657

0.250%

due

07/15/29 ^

4,552,053

4,320,271

0.250%

due

02/15/50 ^

3,352,089

2,227,924

0.375%

due

01/15/27 ^ ‡

1,093,739

1,062,825

0.375%

due

07/15/27 ^

7,779,514

7,565,511

0.500%

due

01/15/28 ^

12,211,315

11,824,905

0.625%

due

01/15/26 ^

3,919,505

3,844,750

0.625%

due

07/15/32 ^

12,125,120

11,357,287

0.625%

due

02/15/43 ^

7,154,849

5,749,499

0.750%

due

07/15/28 ^

8,333,115

8,149,574

0.750%

due

02/15/42 ^

8,421,903

7,026,654

0.750%

due

02/15/45 ^

7,306,170

5,846,736

0.875%

due

01/15/29 ^

6,602,316

6,446,641

0.875%

due

02/15/47 ^

6,909,650

5,554,762

1.000%

due

02/15/46 ^

6,942,459

5,791,398

1.000%

due

02/15/48 ^

5,484,564

4,511,514

1.000%

due

02/15/49 ^

5,749,678

4,695,970

1.125%

due

01/15/33 ^

11,510,073

11,109,977

1.250%

due

04/15/28 ^

734,020

727,271

1.375%

due

07/15/33 ^

14,085,384

13,890,479

1.375%

due

02/15/44 ^

9,596,012

8,760,768

1.500%

due

02/15/53 ^

2,856,897

2,585,629

1.625%

due

10/15/27 ^ ‡

12,529,656

12,613,661

1.750%

due

01/15/28 ^ ‡

2,700,929

2,723,556

1.750%

due

01/15/34 ^

3,888,236

3,933,442

1.875%

due

07/15/34 ^

2,004,740

2,054,568

2.000%

due

01/15/26 ^

7,851,149

7,837,990

2.125%

due

04/15/29 ^

3,051,240

3,136,824

2.125%

due

02/15/40 ^

1,120,512

1,170,372

2.125%

due

02/15/41 ^

2,886,883

3,023,499

2.125%

due

02/15/54 ^

2,869,552

2,986,845

2.375%

due

01/15/27 ^

140,369

142,699

2.375%

due

10/15/28 ^

22,285,283

23,148,846

2.500%

due

01/15/29 ^

5,124,465

5,345,907

3.625%

due

04/15/28 ^

13,909,067

14,909,197

3.875%

due

04/15/29 ^

10,261,511

11,328,367

292,162,921

Total

U.S.

Treasury

Obligations

    (Cost

$319,071,592)

292,162,921

FOREIGN

GOVERNMENT

BONDS

&

NOTES

-

9.3%

Canadian

Government

(Canada)

4.250%

due

12/01/26 ^

CAD

2,768,160

2,170,461

French

Republic

Government

OAT

(France)

0.100%

due

03/01/26 ^ ~

EUR

4,195,205

4,613,830

0.100%

due

07/25/31 ^ ~

1,200,490

1,283,647

Italy

Buoni

Poliennali

Del

Tesoro

(Italy)

0.400%

due

05/15/30 ^ ~

1,460,652

1,554,158

1.400%

due

05/26/25 ^ ~

12,060,600

13,337,885

1.800%

due

05/15/36 ^ ~

610,488

682,711

Japanese

Government

CPI

Linked

(Japan)

0.100%

due

03/10/28 ^

JPY

255,731,480

1,842,129

0.100%

due

03/10/29 ^

1,062,839,498

7,681,577

Total

Foreign

Government

Bonds

&

Notes

    (Cost

$35,031,108)

33,166,398

35

PACIFIC

SELECT

FUND

INFLATION

MANAGED

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

the

average

amount

of

borrowings

by

the

Fund

on

reverse

repurchase

agreements

during

the

period

was

$1,924,370

at

a

weighted

average

interest

rate

of

5.4%.

As

of

September

30,

2024,

the

average

amount

of

borrowings

by

the

Fund

on

sale-buyback

financing

transactions

during

the

period

was

$49,005,033

at

a

weighted

average

interest

rate

of

0.3%.

(b)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

10.6%

Repurchase

Agreements

-

10.6%

Deutsche

Bank

Securities,

Inc.

4.950%

due

10/02/24 

(Dated

10/01/24,

repurchase

price

of

$36,304,991;

collateralized

by

U.S.

Treasury

Obligations:

3.380%

due

11/15/48

and

value

$36,724,657)

$

36,300,000

$

36,300,000

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$1,842,458;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$1,879,213)

1,842,230

1,842,230

38,142,230

Total

Short-Term

Investments

(Cost

$38,142,230)

38,142,230

TOTAL

INVESTMENTS

-

129.8%

(Cost

$495,218,452)

466,327,067

DERIVATIVES

-

0.2%

819,210

OTHER

ASSETS

&

LIABILITIES,

NET

-

(30.0%)

(

107,870,161

)

NET

ASSETS

-

100.0%

$

359,276,116

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CBOT

10

Year

U.S.

Treasury

Notes

12/24

73

$

8,324,226

$

8,342,531

$

18,305

CBOT

Ultra

10

Year

U.S.

Treasury

Notes

12/24

148

17,520,471

17,507,938

(

12,533

)

CME

Ultra

Long

Term

U.S.

Treasury

Bond

12/24

42

5,632,698

5,589,938

(

42,760

)

Eurex

5

Year

Euro

BOBL

12/24

49

6,513,654

6,548,046

34,392

Eurex

30

Year

Euro

BUXL

12/24

19

2,854,625

2,882,300

27,675

Euro-BTP

Italian

Bond

12/24

23

3,029,951

3,109,928

79,977

ICE

3

Month

EURIBOR

09/26

129

35,143,538

35,209,806

66,268

SFE

10

Year

Australian

Bond

12/24

69

5,590,476

5,552,470

(

38,006

)

TSE

Japanese

10

Year

Bond

12/24

1

1,004,629

1,006,436

1,807

$

135,125

Short

Futures

Outstanding

CBOT

2

Year

U.S.

Treasury

Notes

12/24

149

30,952,752

31,028,086

(

75,334

)

CBOT

5

Year

U.S.

Treasury

Notes

12/24

481

52,805,895

52,853,633

(

47,738

)

CBOT

U.S.

Long

Bond

12/24

208

25,955,819

25,831,000

124,819

Eurex

2

Year

Euro

SCHATZ

12/24

99

11,757,451

11,810,877

(

53,426

)

Eurex

10

Year

Euro

BUND

12/24

97

14,387,134

14,568,053

(

180,919

)

Eurex

French

Government

Bond

12/24

85

11,937,862

12,001,309

(

63,447

)

EUX

Short

term

Euro-BTP

12/24

60

7,132,652

7,191,168

(

58,516

)

ICE

3

Month

EURIBOR

09/25

129

35,111,774

35,236,731

(

124,957

)

SFE

3

Year

Australian

Bond

12/24

16

1,187,255

1,185,573

1,682

(

$

477,836

)

Total

Futures

Contracts

(

$

342,711

)

36

PACIFIC

SELECT

FUND

INFLATION

MANAGED

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(c)

As

of

September

30,

2024,

forward

foreign

currency

contracts

outstanding

were

as

follows:

(d)

As

of

September

30,

2024,

premiums

received,

and

value

of

written

options

outstanding

were

as

follows:

Currency

Purchased

Currency

Sold

Settlement

Month

Counterparty

Unrealized

Appreciation

Unrealized

Depreciation

AUD

233,000

USD

159,838

10/24

TDB

$

1,247

$

–

CAD

2,871,955

USD

2,125,026

10/24

HSB

–

(

1,461

)

DKK

1,333,005

USD

199,333

10/24

BNP

–

(

274

)

DKK

265,048

USD

39,688

10/24

CIT

–

(

108

)

DKK

2,782,998

USD

417,326

10/24

JPM

–

(

1,739

)

DKK

2,629,458

USD

392,988

10/24

MSC

–

(

329

)

EUR

29,145,000

USD

32,564,061

10/24

BNP

–

(

121,322

)

EUR

167,000

USD

185,805

10/24

BNP

91

–

GBP

295,000

USD

394,562

10/24

HSB

–

(

162

)

JPY

319,300,000

USD

2,229,759

10/24

BOA

–

(

8,155

)

JPY

932,677,018

USD

6,451,387

10/24

TDB

37,930

–

JPY

440,139,233

USD

3,073,598

10/24

UBS

–

(

11,227

)

USD

158,508

AUD

233,000

10/24

BRC

–

(

2,577

)

USD

159,918

AUD

233,000

11/24

TDB

–

(

1,250

)

USD

2,129,109

CAD

2,872,185

10/24

GSC

5,374

–

USD

2,125,026

CAD

2,869,628

11/24

HSB

1,495

–

USD

265,196

DKK

1,785,000

10/24

JPM

–

(

1,359

)

USD

453,076

DKK

3,030,854

10/24

JPM

477

–

USD

328,470

DKK

2,204,376

10/24

MSC

–

(

711

)

USD

199,333

DKK

1,330,710

11/24

BNP

272

–

USD

39,688

DKK

264,591

11/24

CIT

108

–

USD

417,326

DKK

2,778,170

11/24

JPM

1,740

–

USD

392,988

DKK

2,624,929

11/24

MSC

326

–

USD

640,645

EUR

575,000

10/24

BNP

584

–

USD

32,027,070

EUR

28,737,000

10/24

MSC

38,496

–

USD

32,608,169

EUR

29,145,000

11/24

BNP

120,809

–

USD

167,544

GBP

127,000

10/24

BRC

–

(

2,249

)

USD

221,362

GBP

168,000

10/24

HSB

–

(

3,246

)

USD

394,547

GBP

295,000

11/24

HSB

152

–

USD

6,923,165

JPY

996,856,143

10/24

BNP

–

(

12,693

)

USD

4,877,201

JPY

703,006,580

10/24

HSB

–

(

14,130

)

USD

6,451,387

JPY

928,393,297

11/24

TDB

–

(

38,072

)

USD

3,073,598

JPY

438,113,117

11/24

UBS

11,192

–

Total

Forward

Foreign

Currency

Contracts

$

220,293

(

$

221,064

)

Inflation

Floor/Cap

Options

Description

Initial

Index

Floating

Rate

Expiration

Date

Counter-

party

Notional

Amount

Premium

Value

Cap

-

Eurostat

Eurozone

HICP

117.20

Maximum

of

[0,

(Final

Index/Initial

Index)

-

(1+3.000%)^20)]

06/22/35

GSC

EUR

2,200,000

$

100,087

(

$

31,029

)

a

Interest

Rate

Swaptions

Description

Pay/Receive

Floating

Rate

Floating

Rate

Index

Exercise

Rate

Expiration

Date

Counter-

party

Notional

Amount

Premium

Value

Call

-

2

Year

Interest

Rate

Swap

Receive

SOFR

3.250%

10/07/24

MSC

$

9,400,000

$

16,544

(

$

3,360

)

Call

-

2

Year

Interest

Rate

Swap

Receive

6

Month

EURIBOR

2.900%

08/29/25

GSC

EUR

2,900,000

37,692

(

59,863

)

Call

-

2

Year

Interest

Rate

Swap

Receive

6

Month

EURIBOR

2.800%

09/01/25

GSC

16,700,000

210,240

(

313,904

)

$

264,476

(

$

377,127

)

Put

-

2

Year

Interest

Rate

Swap

Pay

6

Month

EURIBOR

2.900%

08/29/25

GSC

2,900,000

37,692

(

3,500

)

Put

-

2

Year

Interest

Rate

Swap

Pay

6

Month

EURIBOR

2.800%

09/01/25

GSC

16,700,000

210,239

(

24,702

)

$

247,931

(

$

28,202

)

Total

Interest

Rate

Swaptions

$

512,407

(

$

405,329

)

-

–

-

–

-

–

37

PACIFIC

SELECT

FUND

INFLATION

MANAGED

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(e)

As

of

September

30,

2024,

swap

agreements

outstanding

were

as

follows:

Options

on

Futures

Description

Exercise

Price

Expiration

Date

Exchange

Number

of

Contracts

Notional

Amount

Premium

Value

Call

-

Eurex

2

Year

Euro

SCHATZ

Futures

EUR

107.30

10/25/24

EUX

91

EUR

9,764,300

$

14,389

(

$

13,168

)

a

Total

Written

Options

$

626,883

(

$

449,526

)

Interest

Rate

Swaps

-

Long

Receive

Pay

Payment

Frequency

Receive

Rate/

Pay

Rate

Exchange

Expiration

Date

Notional

Amount

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

1.980%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

09/19/25

$

3,700,000

(

$

1,977

)

$

–

(

$

1,977

)

2.033%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

09/23/25

3,700,000

(

14

)

–

(

14

)

4.250%

1

Day

GBP

SONIA

A/A

LCH

09/18/26

GBP

14,500,000

119,346

171,373

(

52,027

)

0.700%

6

Month

EURIBOR

A/S

LCH

04/11/27

EUR

700,000

(

40,946

)

(

44,991

)

4,045

0.650%

6

Month

EURIBOR

A/S

LCH

04/12/27

1,400,000

(

83,753

)

(

91,870

)

8,117

0.650%

6

Month

EURIBOR

A/S

LCH

05/11/27

900,000

(

52,271

)

(

61,121

)

8,850

1.000%

6

Month

EURIBOR

A/S

LCH

05/13/27

1,600,000

(

75,083

)

(

94,248

)

19,165

1.000%

6

Month

EURIBOR

A/S

LCH

05/18/27

700,000

(

32,600

)

(

41,514

)

8,914

2.340%

1

Day

USD

SOFR

S/Q

LCH

11/21/28

$

14,780,000

(

656,139

)

(

157,072

)

(

499,067

)

1.954%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

06/03/29

2,350,000

(

328,137

)

(

305,429

)

(

22,708

)

1.998%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

07/25/29

7,700,000

(

1,025,846

)

(

954,412

)

(

71,434

)

1.760%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

11/04/29

3,100,000

(

494,863

)

(

462,962

)

(

31,901

)

1.883%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

11/20/29

700,000

(

103,335

)

(

96,657

)

(

6,678

)

1.380%

Eurostat

Eurozone

HICP

Z/Z

LCH

03/15/31

EUR

5,300,000

(

1,039,268

)

(

1,165,781

)

126,513

2.879%

6

Month

EURIBOR

A/S

LCH

08/15/32

4,700,000

213,210

681

212,529

3.085%

1

Day

USD

SOFR

A/A

LCH

02/13/34

$

16,000,000

(

528,181

)

(

245,073

)

(

283,108

)

3.500%

U.K.

Retail

Price

Index

Z/Z

LCH

08/15/34

GBP

1,600,000

878

9,127

(

8,249

)

3.466%

U.K.

Retail

Price

Index

Z/Z

LCH

09/15/34

700,000

(

1,470

)

–

(

1,470

)

2.500%

6

Month

EURIBOR

A/S

LCH

03/19/35

EUR

40,050,000

716,048

272,028

444,020

2.488%

Eurostat

Eurozone

HICP

Z/Z

LCH

05/15/37

20,000

102

(

1,250

)

1,352

2.421%

Eurostat

Eurozone

HICP

Z/Z

LCH

05/15/52

240,000

(

3,735

)

(

30,243

)

26,508

2.590%

Eurostat

Eurozone

HICP

Z/Z

LCH

12/15/52

500,000

48,986

(

11,342

)

60,328

2.700%

Eurostat

Eurozone

HICP

Z/Z

LCH

04/15/53

900,000

135,697

6,016

129,681

2.763%

Eurostat

Eurozone

HICP

Z/Z

LCH

09/15/53

700,000

122,768

1,735

121,033

2.682%

Eurostat

Eurozone

HICP

Z/Z

LCH

10/15/53

200,000

29,154

–

29,154

2.736%

Eurostat

Eurozone

HICP

Z/Z

LCH

10/15/53

400,000

66,456

3,920

62,536

(

$

3,014,973

)

(

$

3,299,085

)

$

284,112

a

–

38

PACIFIC

SELECT

FUND

INFLATION

MANAGED

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Interest

Rate

Swaps

-

Short

Pay

Receive

Payment

Frequency

Pay

Rate/

Receive

Rate

Exchange

Expiration

Date

Notional

Amount

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

3.475%

1

Day

Euro

Overnight

A/A

LCH

02/26/25

EUR

76,500,000

$

41,355

$

6,295

$

35,060

4.250%

1

Day

USD

SOFR

A/A

CME

12/20/25

$

33,710,000

107,439

92,923

14,516

2.314%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

02/26/26

2,100,000

227,182

203,223

23,959

2.419%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

03/05/26

2,800,000

286,255

255,476

30,779

2.768%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

05/13/26

1,700,000

135,781

118,816

16,965

2.813%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

05/14/26

1,000,000

77,370

67,532

9,838

2.703%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

05/25/26

1,210,000

99,355

86,786

12,569

2.965%

Eurostat

Eurozone

HICP

Z/Z

LCH

05/15/27

EUR

800,000

10,445

30,995

(

20,550

)

3.000%

Eurostat

Eurozone

HICP

Z/Z

LCH

05/15/27

1,300,000

14,272

47,983

(

33,711

)

3.130%

Eurostat

Eurozone

HICP

Z/Z

LCH

05/15/27

300,000

971

9,023

(

8,052

)

1.798%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

08/25/27

$

900,000

140,282

129,014

11,268

1.890%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

08/27/27

1,000,000

149,014

136,950

12,064

0.300%

1

Day

JPY

TONAR

S/S

LCH

09/20/27

JPY

377,560,000

21,296

(

3,082

)

24,378

2.573%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

08/26/28

$

400,000

26,141

23,914

2,227

2.645%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

09/10/28

500,000

28,668

26,277

2,391

0.550%

1

Day

JPY

TONAR

A/A

LCH

09/14/28

JPY

690,000,000

1,299

(

6,483

)

7,782

2.311%

U.S.

CPI

Urban

Consumers

Z/Z

LCH

02/24/31

$

5,100,000

562,540

535,506

27,034

0.500%

1

Day

JPY

TONAR

A/A

LCH

12/15/31

JPY

464,000,000

38,094

7,764

30,330

2.600%

Eurostat

Eurozone

HICP

Z/Z

LCH

05/15/32

EUR

260,000

(

701

)

12,440

(

13,141

)

2.049%

Eurostat

Eurozone

HICP

Z/Z

LCH

08/15/34

3,400,000

(

42,252

)

(

1,286

)

(

40,966

)

2.034%

Eurostat

Eurozone

HICP

Z/Z

LCH

09/15/34

1,400,000

(

13,974

)

(

4,491

)

(

9,483

)

0.190%

6

Month

EURIBOR

A/S

LCH

11/04/52

1,500,000

745,903

733,932

11,971

0.195%

6

Month

EURIBOR

A/S

LCH

11/04/52

1,550,000

768,927

756,800

12,127

0.197%

6

Month

EURIBOR

A/S

LCH

11/08/52

2,800,000

1,386,875

1,366,458

20,417

2.237%

1

Day

USD

SOFR

S/Q

LCH

11/21/53

$

3,050,000

763,835

186,787

577,048

2.865%

1

Day

USD

SOFR

A/A

LCH

02/13/54

9,400,000

943,904

237,921

705,983

3.500%

1

Day

USD

SOFR

A/A

CME

06/20/54

2,400,000

(

78,536

)

63,665

(

142,201

)

2.250%

6

Month

EURIBOR

A/S

LCH

03/19/55

EUR

11,899,000

(

10,117

)

57,053

(

67,170

)

$

6,431,623

$

5,178,191

$

1,253,432

a

–

Total

Interest

Rate

Swaps

$

3,416,650

$

1,879,106

$

1,537,544

Total

Return

Swaps

-

Long

Receive

Pay

Payment

Frequency

Pay

Rate

Counterparty

Expiration

Date

Notional

Amount

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

U.S.

Treasury

Inflation

Protected

Securities

0.125%

due

04/15/25

5.315%

Z

MSC

10/10/24

$

15,000,000

$

45,683

$

–

$

45,683

U.S.

Treasury

Inflation

Protected

Securities

0.625%

due

01/15/26

5.315%

Z

MSC

10/10/24

10,000,000

27,194

–

27,194

U.S.

Treasury

Inflation

Protected

Securities

0.375%

due

01/15/27

5.315%

Z

MSC

10/10/24

20,000,000

50,877

–

50,877

U.S.

Treasury

Inflation

Protected

Securities

0.125%

due

07/15/31

5.315%

Z

MSC

10/10/24

20,000,000

(

15,869

)

–

(

15,869

)

U.S.

Treasury

Inflation

Protected

Securities

0.125%

due

01/15/32

5.315%

Z

MSC

10/10/24

30,000,000

(

33,211

)

–

(

33,211

)

$

74,674

$

–

$

74,674

Total

Swap

Agreements

$

3,491,324

$

1,879,106

$

1,612,218

39

PACIFIC

SELECT

FUND

INFLATION

MANAGED

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(f)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Corporate

Bonds

&

Notes

$

1,847,577

$

–

$

1,847,577

$

–

Mortgage-Backed

Securities

70,456,173

–

70,456,173

–

Asset-Backed

Securities

30,551,768

–

30,551,768

–

U.S.

Treasury

Obligations

292,162,921

–

292,162,921

–

Foreign

Government

Bonds

&

Notes

33,166,398

–

33,166,398

–

Short-Term

Investments

38,142,230

–

38,142,230

–

Derivatives:

Foreign

Currency

Contracts

Forward

Foreign

Currency

Contracts

220,293

–

220,293

–

Interest

Rate

Contracts

Futures

354,925

354,925

–

–

Swaps

2,975,205

–

2,975,205

–

Total

Interest

Rate

Contracts

3,330,130

354,925

2,975,205

–

Total

Asset

-

Derivatives

3,550,423

354,925

3,195,498

–

Total

Assets

469,877,490

354,925

469,522,565

–

a

Liabilities

Sale-Buyback

Financing

Transactions

(

214,607,743

)

–

(

214,607,743

)

–

Derivatives:

Foreign

Currency

Contracts

Forward

Foreign

Currency

Contracts

(

221,064

)

–

(

221,064

)

–

Interest

Rate

Contracts

Futures

(

697,636

)

(

697,636

)

–

–

Written

Options

(

449,526

)

–

(

449,526

)

–

Swaps

(

1,362,987

)

–

(

1,362,987

)

–

Total

Interest

Rate

Contracts

(

2,510,149

)

(

697,636

)

(

1,812,513

)

–

Total

Liabilities

-

Derivatives

(

2,731,213

)

(

697,636

)

(

2,033,577

)

–

Total

Liabilities

(

217,338,956

)

(

697,636

)

(

216,641,320

)

–

Total

$

252,538,534

(

$

342,711

)

$

252,881,245

$

–

PACIFIC

SELECT

FUND

INTERMEDIATE

BOND

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

40

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CORPORATE

BONDS

&

NOTES

-

27.2%

Basic

Materials

-

0.2%

CF

Industries,

Inc.

4.950%

due

06/01/43 

$

410,000

$

386,035

DuPont

de

Nemours,

Inc.

5.319%

due

11/15/38 

179,000

195,030

Glencore

Funding

LLC

(Australia) 

2.500%

due

09/01/30 ~

300,000

269,090

Nutrien

Ltd.

(Canada) 

5.000%

due

04/01/49 

375,000

355,269

Vale

Overseas

Ltd.

(Brazil) 

3.750%

due

07/08/30 

440,000

419,885

1,625,309

Communications

-

1.4%

Amazon.com,

Inc.

3.875%

due

08/22/37 

450,000

423,402

AT&T,

Inc.

2.750%

due

06/01/31 

630,000

569,785

3.550%

due

09/15/55 

1,434,000

1,049,817

5.400%

due

02/15/34 

400,000

419,871

Charter

Communications

Operating

LLC/

Charter

Communications

Operating

Capital

3.500%

due

06/01/41 

705,000

495,568

3.700%

due

04/01/51 

860,000

549,399

Comcast

Corp.

3.250%

due

11/01/39 

1,470,000

1,203,124

5.350%

due

05/15/53 

1,000,000

1,023,575

Corning,

Inc.

5.750%

due

08/15/40 

300,000

314,914

Discovery

Communications

LLC

3.625%

due

05/15/30 

630,000

567,755

Meta

Platforms,

Inc.

5.400%

due

08/15/54 

150,000

157,266

5.600%

due

05/15/53 

610,000

661,842

Paramount

Global

2.900%

due

01/15/27 

302,000

289,056

Sprint

Capital

Corp.

6.875%

due

11/15/28 

357,000

390,059

T-Mobile

USA,

Inc.

5.050%

due

07/15/33 

895,000

917,783

5.150%

due

04/15/34 

477,000

491,581

Uber

Technologies,

Inc.

4.800%

due

09/15/34 

210,000

209,840

Verizon

Communications,

Inc.

5.050%

due

05/09/33 

1,255,000

1,295,704

11,030,341

Consumer,

Cyclical

-

1.7%

7-Eleven,

Inc.

2.500%

due

02/10/41 ~

283,000

198,573

American

Airlines

Pass-Through

Trust

Class A

3.650%

due

12/15/29 

1,056,240

986,507

American

Airlines

Pass-Through

Trust

Class AA

3.200%

due

12/15/29 

1,356,160

1,286,771

American

Airlines

Pass-Through

Trust

Class B

3.950%

due

01/11/32 

1,854,020

1,752,489

Delta

Air

Lines

Pass-Through

Trust

Class A

2.500%

due

12/10/29 

1,627,701

1,534,687

a

Principal

Amount

Value

General

Motors

Financial

Co.,

Inc.

2.700%

due

06/10/31 

$

230,000

$

198,313

5.450%

due

09/06/34 

260,000

259,317

5.950%

due

04/04/34 

525,000

543,548

Hasbro,

Inc.

3.900%

due

11/19/29 

362,000

349,264

Hyundai

Capital

America

1.800%

due

01/10/28 ~

395,000

362,150

JetBlue

Pass-Through

Trust

Class B

7.750%

due

05/15/30 

864,618

884,303

Lear

Corp.

2.600%

due

01/15/32 

265,000

226,152

Starbucks

Corp.

3.350%

due

03/12/50 

565,000

416,039

United

Airlines

Pass-Through

Trust

Class A

3.100%

due

04/07/30 

426,522

389,007

3.700%

due

09/01/31 

1,075,624

988,855

United

Airlines

Pass-Through

Trust

Class AA

5.450%

due

08/15/38 

420,000

438,727

United

Airlines

Pass-Through

Trust

Class B

3.650%

due

04/07/27 

968,582

951,870

3.650%

due

07/07/27 

1,347,593

1,318,819

13,085,391

Consumer,

Non-Cyclical

-

3.0%

Altria

Group,

Inc.

2.450%

due

02/04/32 

355,000

303,106

Amgen,

Inc.

4.663%

due

06/15/51 

358,000

328,129

5.600%

due

03/02/43 

500,000

525,594

5.650%

due

03/02/53 

219,000

230,537

AstraZeneca

PLC

(United

Kingdom) 

6.450%

due

09/15/37 

205,000

239,811

Baptist

Healthcare

System

Obligated

Group

3.540%

due

08/15/50 

540,000

417,655

BAT

Capital

Corp.

(United

Kingdom) 

2.259%

due

03/25/28 

1,130,000

1,051,732

Bimbo

Bakeries

USA,

Inc.

(Mexico) 

5.375%

due

01/09/36 ~

200,000

205,941

Bon

Secours

Mercy

Health,

Inc.

3.205%

due

06/01/50 

700,000

512,608

Boston

Scientific

Corp.

4.550%

due

03/01/39 

167,000

163,650

6.500%

due

11/15/35 

215,000

247,685

Bristol-Myers

Squibb

Co.

4.125%

due

06/15/39 

500,000

462,813

Bunge

Ltd.

Finance

Corp.

2.750%

due

05/14/31 

805,000

726,607

CommonSpirit

Health

2.782%

due

10/01/30 

1,065,000

970,060

3.910%

due

10/01/50 

650,000

523,465

CVS

Health

Corp.

4.875%

due

07/20/35 

850,000

832,654

5.050%

due

03/25/48 

430,000

392,758

5.250%

due

02/21/33 

300,000

306,630

CVS

Pass-Through

Trust

4.163%

due

08/11/36 ~

443,243

405,509

DH

Europe

Finance

II

SARL

3.250%

due

11/15/39 

285,000

240,686

Element

Fleet

Management

Corp.

(Canada) 

6.271%

due

06/26/26 ~

535,000

549,599

Elevance

Health,

Inc.

2.250%

due

05/15/30 

335,000

300,123

41

PACIFIC

SELECT

FUND

INTERMEDIATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Gilead

Sciences,

Inc.

2.600%

due

10/01/40 

$

675,000

$

505,517

Global

Payments,

Inc.

3.200%

due

08/15/29 

500,000

468,594

5.300%

due

08/15/29 

285,000

293,161

HCA,

Inc.

5.450%

due

09/15/34 

320,000

329,384

5.500%

due

06/15/47 

700,000

696,177

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Co./JBS

Lux

Co.

SARL

3.750%

due

12/01/31 

610,000

561,414

6.750%

due

03/15/34 ~

650,000

720,539

Kellanova

5.250%

due

03/01/33 

385,000

403,420

Keurig

Dr.

Pepper,

Inc.

3.200%

due

05/01/30 

400,000

377,821

Kraft

Heinz

Foods

Co.

4.625%

due

10/01/39 

380,000

363,437

Kroger

Co.

1.700%

due

01/15/31 

420,000

355,781

5.000%

due

09/15/34 

160,000

161,397

5.500%

due

09/15/54 

120,000

120,857

MedStar

Health,

Inc.

3.626%

due

08/15/49 

520,000

404,634

MultiCare

Health

System

2.803%

due

08/15/50 

560,000

356,654

MyMichigan

Health

3.409%

due

06/01/50 

1,000,000

753,177

Nationwide

Children's

Hospital,

Inc.

4.556%

due

11/01/52 

150,000

146,882

PeaceHealth

Obligated

Group

3.218%

due

11/15/50 

655,000

463,596

Pfizer

Investment

Enterprises

Pte.

Ltd.

5.300%

due

05/19/53 

1,245,000

1,289,148

Piedmont

Healthcare,

Inc.

2.864%

due

01/01/52 

515,000

356,693

Quanta

Services,

Inc.

2.350%

due

01/15/32 

420,000

360,751

Regeneron

Pharmaceuticals,

Inc.

1.750%

due

09/15/30 

625,000

540,209

Royalty

Pharma

PLC

2.150%

due

09/02/31 

84,000

71,621

Takeda

Pharmaceutical

Co.

Ltd.

(Japan) 

3.025%

due

07/09/40 

655,000

509,724

UnitedHealth

Group,

Inc.

2.750%

due

05/15/40 

405,000

310,247

5.875%

due

02/15/53 

420,000

465,396

University

of

Miami

4.063%

due

04/01/52 

240,000

207,209

Verisk

Analytics,

Inc.

5.750%

due

04/01/33 

300,000

323,112

Viterra

Finance

BV

(Netherlands) 

3.200%

due

04/21/31 ~

1,000,000

917,033

Zoetis,

Inc.

5.600%

due

11/16/32 

400,000

428,608

23,199,545

Energy

-

1.5%

Aker

BP

ASA

(Norway) 

due

10/01/34 # ~

205,000

202,656

due

10/01/54 # ~

150,000

147,895

BG

Energy

Capital

PLC

5.125%

due

10/15/41 ~

280,000

277,615

a

Principal

Amount

Value

BP

Capital

Markets

America,

Inc.

4.812%

due

02/13/33 

$

860,000

$

871,845

Cheniere

Energy,

Inc.

5.650%

due

04/15/34 ~

310,000

320,974

Devon

Energy

Corp.

5.750%

due

09/15/54 

390,000

379,875

DT

Midstream,

Inc.

4.300%

due

04/15/32 ~

790,000

741,498

Enbridge,

Inc.

(Canada) 

5.625%

due

04/05/34 

380,000

398,714

5.700%

due

03/08/33 

700,000

738,095

Energy

Transfer

LP

6.100%

due

02/15/42 

455,000

472,955

Eni

SpA

(Italy) 

5.950%

due

05/15/54 ~

370,000

381,326

Flex

Intermediate

Holdco

LLC

3.363%

due

06/30/31 ~

105,000

92,063

4.317%

due

12/30/39 ~

335,000

268,132

Galaxy

Pipeline

Assets

Bidco

Ltd.

(United

Arab

Emirates) 

2.940%

due

09/30/40 ~

494,857

417,330

Gray

Oak

Pipeline

LLC

2.600%

due

10/15/25 ~

865,000

843,820

Kinder

Morgan,

Inc.

5.050%

due

02/15/46 

310,000

286,730

MPLX

LP

4.500%

due

04/15/38 

580,000

536,388

NGPL

PipeCo

LLC

3.250%

due

07/15/31 ~

860,000

765,363

Occidental

Petroleum

Corp.

5.200%

due

08/01/29 

160,000

162,775

5.375%

due

01/01/32 

155,000

157,257

ONEOK,

Inc.

4.750%

due

10/15/31 

685,000

685,210

5.700%

due

11/01/54 

605,000

602,018

Phillips

66

Co.

5.300%

due

06/30/33 

620,000

639,654

South

Bow

USA

Infrastructure

Holdings

LLC

(Canada) 

4.911%

due

09/01/27 ~

115,000

115,909

5.026%

due

10/01/29 ~

135,000

135,411

Suncor

Energy,

Inc.

(Canada) 

5.950%

due

12/01/34 

390,000

420,766

TotalEnergies

Capital

International

SA

(France) 

2.986%

due

06/29/41 

1,130,000

876,736

11,939,010

Financial

-

13.7%

ABN

AMRO

Bank

NV

(Netherlands) 

6.575%

due

10/13/26 ~

1,100,000

1,120,119

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust

(Ireland) 

2.450%

due

10/29/26 

1,080,000

1,037,518

3.300%

due

01/30/32 

550,000

496,553

AIB

Group

PLC

(Ireland) 

6.608%

due

09/13/29 ~

630,000

674,410

Alexandria

Real

Estate

Equities,

Inc.

3.375%

due

08/15/31 

690,000

643,976

American

Tower

Corp.

3.100%

due

06/15/50 

351,000

244,795

5.900%

due

11/15/33 

1,060,000

1,139,860

42

PACIFIC

SELECT

FUND

INTERMEDIATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

ANZ

New

Zealand

International

Ltd.

(New

Zealand) 

5.355%

due

08/14/28 ~

$

690,000

$

716,642

Aon

North

America,

Inc.

5.450%

due

03/01/34 

800,000

840,291

5.750%

due

03/01/54 

700,000

742,141

Athene

Global

Funding

1.450%

due

01/08/26 ~

485,000

466,202

2.500%

due

03/24/28 ~

885,000

824,831

Australia

&

New

Zealand

Banking

Group

Ltd.

(Australia) 

4.400%

due

05/19/26 ~

640,000

637,567

Avolon

Holdings

Funding

Ltd.

(Ireland) 

2.528%

due

11/18/27 ~

5,605,000

5,235,494

5.750%

due

03/01/29 ~

619,000

638,318

6.375%

due

05/04/28 ~

1,005,000

1,050,911

Banco

Santander

SA

(Spain) 

1.722%

due

09/14/27 

200,000

189,506

5.147%

due

08/18/25 

400,000

401,064

6.607%

due

11/07/28 

1,000,000

1,085,431

Bank

of

America

Corp.

2.676%

due

06/19/41 

590,000

443,876

5.202%

due

04/25/29 

2,060,000

2,118,628

5.288%

due

04/25/34 

2,460,000

2,558,486

5.819%

due

09/15/29 

1,560,000

1,642,162

5.872%

due

09/15/34 

940,000

1,014,568

Bank

of

Ireland

Group

PLC

(Ireland) 

2.029%

due

09/30/27 ~

1,712,000

1,636,149

5.601%

due

03/20/30 ~

290,000

301,122

Bank

of

New

York

Mellon

Corp.

6.474%

due

10/25/34 

620,000

700,976

Bank

of

Nova

Scotia

(Canada) 

4.850%

due

02/01/30 

600,000

614,181

Banque

Federative

du

Credit

Mutuel

SA

(France) 

1.604%

due

10/04/26 ~

515,000

488,646

5.790%

due

07/13/28 ~

570,000

597,810

Barclays

PLC

(United

Kingdom) 

2.894%

due

11/24/32 

1,158,000

1,015,951

6.224%

due

05/09/34 

945,000

1,018,485

Berkshire

Hathaway

Finance

Corp.

3.850%

due

03/15/52 

535,000

452,143

BNP

Paribas

SA

(France) 

1.904%

due

09/30/28 ~

550,000

511,142

5.176%

due

01/09/30 ~

1,580,000

1,621,676

5.894%

due

12/05/34 ~

290,000

313,202

BPCE

SA

(France) 

1.652%

due

10/06/26 ~

1,670,000

1,617,786

5.716%

due

01/18/30 ~

370,000

382,289

5.936%

due

05/30/35 ~

860,000

900,990

Brixmor

Operating

Partnership

LP

2.500%

due

08/16/31 

260,000

225,955

4.125%

due

05/15/29 

600,000

587,574

Brookfield

Finance,

Inc.

(Canada) 

3.500%

due

03/30/51 

520,000

392,670

Brown

&

Brown,

Inc.

2.375%

due

03/15/31 

1,125,000

974,706

CaixaBank

SA

(Spain) 

6.684%

due

09/13/27 ~

850,000

884,275

Capital

One

Financial

Corp.

3.800%

due

01/31/28 

1,000,000

978,710

Citigroup,

Inc.

2.520%

due

11/03/32 

1,225,000

1,063,583

a

Principal

Amount

Value

3.057%

due

01/25/33 

$

1,909,000

$

1,705,939

3.520%

due

10/27/28 

980,000

956,833

CNO

Global

Funding

5.875%

due

06/04/27 ~

1,200,000

1,236,459

Corebridge

Financial,

Inc.

3.850%

due

04/05/29 

270,000

263,135

Credit

Agricole

SA

(France) 

5.335%

due

01/10/30 ~

730,000

751,446

6.316%

due

10/03/29 ~

500,000

531,857

Crown

Castle,

Inc.

2.900%

due

04/01/41 

2,000,000

1,483,460

Danske

Bank

AS

(Denmark) 

due

10/02/30 # ~

282,000

281,775

5.705%

due

03/01/30 ~

475,000

495,234

Deutsche

Bank

AG

(Germany) 

2.311%

due

11/16/27 

471,000

448,173

4.999%

due

09/11/30 

205,000

206,171

5.403%

due

09/11/35 

210,000

211,436

6.720%

due

01/18/29 

365,000

386,487

6.819%

due

11/20/29 

380,000

409,146

7.146%

due

07/13/27 

570,000

593,458

DNB

Bank

ASA

(Norway) 

1.605%

due

03/30/28 ~

805,000

751,448

Empower

Finance

2020

LP

(Canada) 

3.075%

due

09/17/51 ~

625,000

425,648

Essex

Portfolio

LP

5.500%

due

04/01/34 

190,000

197,600

Extra

Space

Storage

LP

2.400%

due

10/15/31 

1,230,000

1,058,775

F&G

Annuities

&

Life,

Inc.

6.500%

due

06/04/29 

245,000

252,503

Federal

Realty

OP

LP

1.250%

due

02/15/26 

785,000

751,254

Federation

des

Caisses

Desjardins

du

Quebec

(Canada) 

5.700%

due

03/14/28 ~

520,000

538,221

Fidelity

&

Guaranty

Life

Holdings,

Inc.

5.500%

due

05/01/25 ~

124,000

124,020

Goldman

Sachs

Group,

Inc.

1.948%

due

10/21/27 

2,713,000

2,586,680

2.640%

due

02/24/28 

716,000

688,319

5.049%

due

07/23/30 

565,000

579,873

5.330%

due

07/23/35 

1,200,000

1,243,534

5.727%

due

04/25/30 

430,000

452,005

6.484%

due

10/24/29 

830,000

893,957

Healthcare

Realty

Holdings

LP

3.100%

due

02/15/30 

580,000

533,257

Healthpeak

OP

LLC

2.875%

due

01/15/31 

1,130,000

1,030,011

HSBC

Holdings

PLC

(United

Kingdom) 

2.013%

due

09/22/28 

635,000

592,598

2.206%

due

08/17/29 

1,495,000

1,371,112

Huntington

National

Bank

5.650%

due

01/10/30 

513,000

537,080

ING

Groep

NV

(Netherlands) 

6.083%

due

09/11/27 

206,000

212,392

KBC

Group

NV

(Belgium) 

6.324%

due

09/21/34 ~

740,000

806,729

KeyCorp

4.789%

due

06/01/33 

115,000

112,642

Lloyds

Banking

Group

PLC

(United

Kingdom) 

5.679%

due

01/05/35 

735,000

773,710

43

PACIFIC

SELECT

FUND

INTERMEDIATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

5.721%

due

06/05/30 

$

1,000,000

$

1,048,258

LSEGA

Financing

PLC

(United

Kingdom) 

2.000%

due

04/06/28 ~

720,000

668,392

Macquarie

Airfinance

Holdings

Ltd.

(United

Kingdom) 

5.150%

due

03/17/30 ~

250,000

250,755

Macquarie

Group

Ltd.

(Australia) 

2.871%

due

01/14/33 ~

600,000

521,695

Mitsubishi

UFJ

Financial

Group,

Inc.

(Japan) 

1.538%

due

07/20/27 

500,000

476,110

Mizuho

Financial

Group,

Inc.

(Japan) 

5.778%

due

07/06/29 

1,690,000

1,768,286

Morgan

Stanley

4.889%

due

07/20/33 

1,500,000

1,519,234

5.042%

due

07/19/30 

280,000

287,803

5.320%

due

07/19/35 

380,000

394,751

5.466%

due

01/18/35 

396,000

414,205

5.656%

due

04/18/30 

705,000

741,762

Mutual

of

Omaha

Cos

Global

Funding

5.800%

due

07/27/26 ~

600,000

614,443

Nasdaq,

Inc.

5.550%

due

02/15/34 

295,000

311,327

Nationwide

Building

Society

(United

Kingdom) 

2.972%

due

02/16/28 ~

830,000

800,670

NatWest

Group

PLC

(United

Kingdom) 

4.445%

due

05/08/30 

515,000

511,565

4.892%

due

05/18/29 

1,400,000

1,415,002

5.778%

due

03/01/35 

755,000

803,193

NatWest

Markets

PLC

(United

Kingdom) 

5.410%

due

05/17/29 ~

820,000

853,126

New

York

Life

Insurance

Co.

3.750%

due

05/15/50 ~

1,140,000

914,564

NNN

REIT,

Inc.

5.500%

due

06/15/34 

310,000

322,740

5.600%

due

10/15/33 

250,000

262,021

Nomura

Holdings,

Inc.

(Japan) 

6.070%

due

07/12/28 

650,000

684,707

Nordea

Bank

Abp

(Finland) 

5.375%

due

09/22/27 ~

580,000

597,779

Northwestern

Mutual

Global

Funding

1.700%

due

06/01/28 ~

490,000

448,569

PNC

Financial

Services

Group,

Inc.

5.068%

due

01/24/34 

503,000

510,220

Realty

Income

Corp.

1.800%

due

03/15/33 

705,000

561,958

Sabra

Health

Care

LP

3.200%

due

12/01/31 

515,000

453,538

Santander

Holdings

USA,

Inc.

6.174%

due

01/09/30 

865,000

903,401

Santander

U.K.

Group

Holdings

PLC

(United

Kingdom) 

1.673%

due

06/14/27 

560,000

532,773

6.534%

due

01/10/29 

1,400,000

1,483,857

Scentre

Group

Trust

1/Scentre

Group

Trust

2

(Australia) 

3.625%

due

01/28/26 ~

1,225,000

1,210,124

Societe

Generale

SA

(France) 

1.792%

due

06/09/27 ~

455,000

432,455

5.634%

due

01/19/30 ~

1,066,000

1,092,784

Standard

Chartered

PLC

(United

Kingdom) 

5.688%

due

05/14/28 ~

500,000

513,678

a

Principal

Amount

Value

5.905%

due

05/14/35 ~

$

985,000

$

1,042,696

Sumitomo

Mitsui

Financial

Group,

Inc.

(Japan) 

5.716%

due

09/14/28 

1,300,000

1,365,561

Teachers

Insurance

&

Annuity

Association

of

America

3.300%

due

05/15/50 ~

555,000

406,420

Toronto-Dominion

Bank

(Canada) 

5.523%

due

07/17/28 

510,000

533,721

Truist

Financial

Corp.

5.122%

due

01/26/34 

520,000

525,896

6.047%

due

06/08/27 

470,000

482,440

7.161%

due

10/30/29 

625,000

685,199

UBS

Group

AG

(Switzerland) 

3.869%

due

01/12/29 ~

1,115,000

1,091,165

5.428%

due

02/08/30 ~

217,000

224,399

5.617%

due

09/13/30 ~

310,000

323,995

5.699%

due

02/08/35 ~

225,000

237,593

6.537%

due

08/12/33 ~

440,000

485,937

UDR,

Inc.

1.900%

due

03/15/33 

185,000

146,634

2.100%

due

08/01/32 

1,130,000

934,093

UniCredit

SpA

(Italy) 

1.982%

due

06/03/27 ~

1,020,000

975,703

Wells

Fargo

&

Co.

4.611%

due

04/25/53 

780,000

721,629

5.198%

due

01/23/30 

825,000

850,712

5.557%

due

07/25/34 

470,000

493,307

6.491%

due

10/23/34 

800,000

894,287

WP

Carey,

Inc.

2.250%

due

04/01/33 

325,000

268,820

2.400%

due

02/01/31 

420,000

366,612

107,100,311

Industrial

-

1.1%

BAE

Systems

PLC

(United

Kingdom) 

3.400%

due

04/15/30 ~

935,000

885,978

Boeing

Co.

2.700%

due

02/01/27 

1,105,000

1,048,343

6.298%

due

05/01/29 ~

625,000

657,771

6.388%

due

05/01/31 ~

355,000

377,625

6.528%

due

05/01/34 ~

580,000

622,713

Burlington

Northern

Santa

Fe

LLC

5.500%

due

03/15/55 

410,000

442,632

Canadian

Pacific

Railway

Co.

(Canada) 

4.700%

due

05/01/48 

500,000

469,396

CSX

Corp.

3.800%

due

11/01/46 

500,000

419,009

Graphic

Packaging

International

LLC

1.512%

due

04/15/26 ~

594,000

562,264

L3Harris

Technologies,

Inc.

5.400%

due

07/31/33 

300,000

313,501

Masco

Corp.

2.000%

due

10/01/30 

525,000

458,111

Northrop

Grumman

Corp.

3.850%

due

04/15/45 

400,000

338,491

Otis

Worldwide

Corp.

3.112%

due

02/15/40 

150,000

120,681

Penske

Truck

Leasing

Co.

LP/PTL

Finance

Corp.

6.050%

due

08/01/28 ~

800,000

842,329

RTX

Corp.

3.750%

due

11/01/46 

1,000,000

817,483

44

PACIFIC

SELECT

FUND

INTERMEDIATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Siemens

Financieringsmaatschappij

NV

(Germany) 

3.300%

due

09/15/46 ~

$

250,000

$

195,317

8,571,644

Technology

-

1.0%

Analog

Devices,

Inc.

2.800%

due

10/01/41 

259,000

196,425

Apple,

Inc.

3.950%

due

08/08/52 

1,530,000

1,349,479

Broadcom,

Inc.

due

02/15/32 #

862,000

861,610

3.187%

due

11/15/36 ~

148,000

125,496

CGI,

Inc.

(Canada) 

2.300%

due

09/14/31 

600,000

514,593

Dell

International

LLC/EMC

Corp.

6.200%

due

07/15/30 

695,000

756,065

Intel

Corp.

3.050%

due

08/12/51 

300,000

192,327

3.250%

due

11/15/49 

300,000

201,947

Intuit,

Inc.

5.500%

due

09/15/53 

240,000

258,147

KLA

Corp.

3.300%

due

03/01/50 

800,000

605,994

Leidos,

Inc.

2.300%

due

02/15/31 

700,000

608,642

Oracle

Corp.

3.600%

due

04/01/50 

600,000

457,178

3.800%

due

11/15/37 

575,000

509,007

Roper

Technologies,

Inc.

1.750%

due

02/15/31 

400,000

338,610

Texas

Instruments,

Inc.

5.050%

due

05/18/63 

670,000

672,879

VMware

LLC

4.700%

due

05/15/30 

620,000

624,916

8,273,315

Utilities

-

3.6%

Atmos

Energy

Corp.

1.500%

due

01/15/31 

705,000

598,375

Baltimore

Gas

&

Electric

Co.

5.400%

due

06/01/53 

930,000

965,195

Constellation

Energy

Generation

LLC

5.800%

due

03/01/33 

819,000

879,053

Dominion

Energy,

Inc.

3.300%

due

04/15/41 

470,000

364,373

DTE

Electric

Co.

3.250%

due

04/01/51 

500,000

372,468

DTE

Electric

Securitization

Funding

II

LLC

6.090%

due

09/01/38 

600,000

678,053

Duke

Energy

Corp.

3.750%

due

09/01/46 

770,000

612,185

6.100%

due

09/15/53 

850,000

932,197

Duquesne

Light

Holdings,

Inc.

2.775%

due

01/07/32 ~

800,000

691,532

Edison

International

5.750%

due

06/15/27 

255,000

263,232

Emera

U.S.

Finance

LP

(Canada) 

4.750%

due

06/15/46 

550,000

490,167

Entergy

Arkansas

LLC

5.750%

due

06/01/54 

330,000

355,994

Entergy

Louisiana

LLC

2.900%

due

03/15/51 

260,000

173,823

a

Principal

Amount

Value

Entergy

Mississippi

LLC

5.000%

due

09/01/33 

$

1,115,000

$

1,140,419

5.850%

due

06/01/54 

480,000

520,569

Evergy,

Inc.

2.900%

due

09/15/29 

1,160,000

1,077,838

FirstEnergy

Transmission

LLC

4.550%

due

04/01/49 ~

525,000

472,828

Fortis,

Inc.

(Canada) 

3.055%

due

10/04/26 

750,000

729,987

ITC

Holdings

Corp.

2.950%

due

05/14/30 ~

360,000

332,375

Monongahela

Power

Co.

5.850%

due

02/15/34 ~

320,000

343,213

Nevada

Power

Co.

6.000%

due

03/15/54 

350,000

387,652

NRG

Energy,

Inc.

2.450%

due

12/02/27 ~

1,020,000

955,992

Pacific

Gas

&

Electric

Co.

3.750%

due

08/15/42 

191,000

151,242

4.300%

due

03/15/45 

325,000

272,153

5.800%

due

05/15/34 

691,000

730,577

6.400%

due

06/15/33 

878,000

960,041

6.750%

due

01/15/53 

390,000

444,992

PG&E

Recovery

Funding

LLC

5.231%

due

06/01/42 

105,000

110,907

5.529%

due

06/01/51 

125,000

132,376

5.536%

due

07/15/49 

975,000

1,038,113

PG&E

Wildfire

Recovery

Funding

LLC

4.263%

due

06/01/38 

325,000

316,915

5.099%

due

06/01/54 

415,000

421,870

5.212%

due

12/01/49 

225,000

229,358

Public

Service

Co.

of

Oklahoma

5.250%

due

01/15/33 

930,000

958,846

Public

Service

Enterprise

Group,

Inc.

5.450%

due

04/01/34 

390,000

406,400

Puget

Energy,

Inc.

2.379%

due

06/15/28 

330,000

305,719

SCE

Recovery

Funding

LLC

4.697%

due

06/15/42 

561,318

565,343

5.112%

due

12/14/49 

240,000

242,789

Sierra

Pacific

Power

Co.

5.900%

due

03/15/54 

630,000

690,839

Sigeco

Securitization

I

LLC

5.026%

due

11/15/38 

574,154

587,745

Southern

California

Edison

Co.

4.125%

due

03/01/48 

1,290,000

1,090,279

5.875%

due

12/01/53 

841,000

913,442

Southern

California

Gas

Co.

6.350%

due

11/15/52 

600,000

695,986

Southern

Co.

5.700%

due

03/15/34 

675,000

724,767

Southern

Co.

Gas

Capital

Corp.

4.400%

due

06/01/43 

1,000,000

895,953

Southern

Power

Co.

5.150%

due

09/15/41 

895,000

887,087

Union

Electric

Co.

5.200%

due

04/01/34 

710,000

742,491

Vistra

Operations

Co.

LLC

6.000%

due

04/15/34 ~

392,000

419,225

28,272,975

Total

Corporate

Bonds

&

Notes

    (Cost

$219,934,509)

213,097,841

45

PACIFIC

SELECT

FUND

INTERMEDIATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

MORTGAGE-BACKED

SECURITIES

-

34.9%

Collateralized

Mortgage

Obligations

-

Commercial

-

3.9%

ACRE

Commercial

Mortgage

Ltd.

6.529%

(SOFR

+

1.514%)

due

12/18/37 ~ §

$

1,198,000

$

1,167,984

Cars

Net

Lease

Mortgage

Notes

3.100%

due

12/15/50 ~

421,938

394,436

COMM

Mortgage

Trust

2.398%

due

01/10/38 ~ §

1,900,000

1,551,359

Federal

Home

Loan

Mortgage

Corp.

Multifamily

Structured

Credit

Risk

7.080%

(SOFR

+

1.800%)

due

07/25/41 ~ §

3,409,911

3,245,609

Federal

Home

Loan

Mortgage

Corp.

Multifamily

Structured

Pass-Through

Certificates

(IO)

1.290%

due

11/25/30 §

18,945,000

1,197,923

1.306%

due

10/25/30 §

15,300,000

966,909

1.467%

due

12/25/29 §

8,830,000

418,695

Federal

National

Mortgage

Association-ACES

1.764%

due

11/25/31 §

3,500,000

2,984,746

2.680%

due

06/25/32 §

4,798,000

4,296,212

FREMF

Mortgage

Trust

3.730%

due

01/25/26 ~ §

2,100,000

2,060,859

4.010%

due

01/25/50 ~ §

2,385,000

2,344,139

4.190%

due

04/25/48 ~ §

2,000,000

1,969,959

GAM

Re-REMICS

Trust

2.270%

due

09/27/51 ~ §

1,700,000

1,635,606

LFT

CRE

Ltd.

7.161%

(SOFR

+

2.064%)

due

06/15/39 ~ §

2,590,000

2,522,261

MHC

Commercial

Mortgage

Trust

7.312%

(SOFR

+

2.215%)

due

04/15/38 ~ §

629,158

626,199

SLG

Office

Trust

2.585%

due

07/15/41 ~

2,470,000

2,148,854

Wells

Fargo

Commercial

Mortgage

Trust

6.361%

(SOFR

+

1.264%)

due

02/15/40 ~ §

692,901

688,853

30,220,603

Collateralized

Mortgage

Obligations

-

Residential

-

4.4%

CSMC

Trust

4.067%

due

09/27/60 ~ §

2,096,583

2,090,762

Federal

Home

Loan

Mortgage

Corp.

REMICS

1.500%

due

01/25/51 

2,492,094

2,013,381

2.000%

due

12/25/51 

1,957,380

1,749,451

Federal

Home

Loan

Mortgage

Corp.

Seasoned

Credit

Risk

Transfer

Trust

2.000%

due

05/25/60 

4,821,830

3,965,281

3.000%

due

05/25/60

-

10/25/62

11,625,738

10,486,979

3.250%

due

11/25/61 

1,531,091

1,370,735

3.500%

due

11/25/57 

2,174,047

1,985,370

Government

National

Mortgage

Association

REMICS

(IO)

0.341%

due

03/20/71 §

39,332,244

744,768

Grene

Energy

Senior

11.000%

due

01/17/61 ± Ω

90,318

76,770

PRET

LLC

2.487%

due

10/25/51 ~ §

2,728,468

2,727,497

a

Principal

Amount

Value

PRPM

LLC

4.000%

due

11/25/53 ~ §

$

773,339

$

756,530

Towd

Point

Mortgage

Trust

2.918%

due

11/30/60 ~ §

3,118,894

2,827,145

4.000%

due

11/25/47 ~ §

473,015

460,806

VOLT

XCII

LLC

4.893%

due

02/27/51 ~ §

197,331

196,393

VOLT

XCIII

LLC

4.893%

due

02/27/51 ~ §

900,199

896,168

VOLT

XCIV

LLC

5.239%

due

02/27/51 ~ §

680,807

681,799

VOLT

XCIX

LLC

5.116%

due

04/25/51 ~ §

496,342

493,959

VOLT

XCVI

LLC

5.116%

due

03/27/51 ~ §

494,414

492,769

VOLT

XCVII

LLC

5.239%

due

04/25/51 ~ §

620,211

620,799

34,637,362

Federal

Home

Loan

Mortgage

Corp.

-

1.2%

2.500%

due

07/01/50 

3,440,018

3,004,330

3.000%

due

10/01/51 

2,135,089

1,949,624

3.700%

due

06/01/34 

4,981,229

4,774,424

9,728,378

Federal

National

Mortgage

Association

-

17.7%

1.090%

due

04/01/28 

2,824,658

2,565,497

1.275%

due

04/01/30 

3,529,343

3,057,178

1.370%

due

03/01/30 

3,509,573

3,075,379

1.440%

due

01/01/31 

1,400,000

1,194,339

1.460%

due

12/01/30 

5,000,000

4,270,355

1.560%

due

01/01/31 

2,700,000

2,321,431

1.754%

due

03/01/32 §

3,295,869

2,815,860

1.815%

due

01/01/31 

995,048

875,659

1.870%

due

05/01/31 

6,400,000

5,593,222

1.960%

due

09/01/33 

3,750,000

3,109,847

2.010%

due

01/01/32 

2,200,000

1,917,313

2.140%

due

12/01/33 

2,514,035

2,155,814

2.160%

due

12/01/33 

3,056,441

2,625,034

2.320%

due

02/01/35 

1,912,000

1,611,872

2.500%

due

01/01/52

-

03/01/62

17,531,028

15,034,592

2.510%

due

10/01/30 

2,730,000

2,501,404

2.550%

due

10/01/30 

893,103

824,718

3.000%

due

05/01/47

-

06/01/62

20,169,410

18,230,793

3.040%

due

07/01/32 

2,900,222

2,712,925

3.080%

due

05/01/32 

1,875,000

1,746,455

3.140%

due

07/01/32 

1,710,000

1,594,085

3.190%

due

07/01/33 

1,715,685

1,607,928

3.260%

due

02/01/31 

800,000

761,827

3.500%

due

07/01/50

-

03/01/61

5,381,310

4,999,613

3.510%

due

09/01/32 

5,000,000

4,772,681

3.610%

due

01/01/37 

2,335,930

2,264,267

3.670%

due

09/01/32 

546,000

524,197

3.750%

due

09/01/32 

2,610,000

2,547,378

3.790%

due

12/01/30 

2,610,000

2,563,744

3.800%

due

09/01/32 

2,210,061

2,147,410

3.805%

due

11/01/32 

1,470,000

1,431,387

3.830%

due

09/01/32 

2,500,000

2,440,797

3.910%

due

08/01/32 

1,300,000

1,273,332

4.000%

due

10/01/43

-

04/01/52

6,411,064

6,196,109

4.090%

due

09/01/31

-

02/01/34

4,469,856

4,391,567

4.550%

due

10/01/32 

1,030,000

1,055,344

5.000%

due

12/01/49

-

12/01/61

9,889,452

10,006,663

5.500%

due

09/01/52

-

05/01/58

6,988,292

7,176,407

46

PACIFIC

SELECT

FUND

INTERMEDIATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

6.000%

due

12/01/61 

$

2,527,748

$

2,685,778

138,680,201

Government

National

Mortgage

Association

-

7.7%

2.500%

due

10/20/45

-

10/20/50

2,718,343

2,383,824

2.809%

due

07/20/71 §

2,519,929

2,272,948

2.933%

due

10/20/70 §

1,872,894

1,709,916

3.000%

due

08/20/50

-

03/20/52

4,622,795

4,212,585

3.070%

due

09/20/70 §

5,640,603

5,183,512

3.101%

due

12/20/71 §

2,895,811

2,641,142

3.500%

due

10/20/50

-

03/20/52

16,497,829

15,512,744

4.000%

due

12/20/51

-

03/20/52

4,292,764

4,138,461

4.500%

due

07/20/52

-

08/20/52

6,161,910

6,142,130

5.000%

due

07/20/52

-

06/20/63

11,624,217

11,737,657

5.500%

due

09/20/52

-

07/20/53

4,529,601

4,586,930

60,521,849

Total

Mortgage-Backed

Securities

    (Cost

$292,554,823)

273,788,393

ASSET-BACKED

SECURITIES

-

15.2%

Automobile

Other

-

3.5%

Exeter

Automobile

Receivables

Trust

5.980%

due

12/15/28 

3,400,000

3,433,315

Flagship

Credit

Auto

Trust

2.180%

due

02/16/27 ~

1,762,000

1,724,756

GLS

Auto

Receivables

Issuer

Trust

1.640%

due

10/15/26 ~

141,205

140,282

6.420%

due

06/15/28 ~

2,000,000

2,039,235

Octane

Receivables

Trust

2.890%

due

03/20/26 ~

774,420

773,537

6.290%

due

07/20/28 ~

2,613,000

2,666,113

Santander

Consumer

Auto

Receivables

Trust

1.570%

due

01/15/27 ~

1,400,000

1,358,233

Santander

Drive

Auto

Receivables

Trust

5.670%

due

12/16/30 

3,200,000

3,232,616

5.690%

due

02/18/31 

3,200,000

3,253,520

Westlake

Automobile

Receivables

Trust

5.480%

due

09/15/27 ~

3,300,000

3,320,123

6.020%

due

09/15/28 ~

2,100,000

2,142,147

6.680%

due

04/17/28 ~

2,900,000

2,974,632

27,058,509

Automobile

Sequential

-

0.2%

Credit

Acceptance

Auto

Loan

Trust

6.390%

due

08/15/33 ~

1,600,000

1,637,916

FHF

Trust

1.270%

due

03/15/27 ~

40,952

40,767

1,678,683

Credit

Card

Other

-

0.4%

Continental

Finance

Credit

Card

ABS

Master

Trust

6.190%

due

10/15/30 ~

2,870,000

2,893,680

Manufactured

Housing

Sequential

-

0.5%

Cascade

MH

Asset

Trust

2.708%

due

02/25/46 ~

1,420,000

1,160,165

4.250%

due

08/25/54 ~ §

3,072,069

2,884,787

4,044,952

a

Principal

Amount

Value

Other

Asset-Backed

Securities

-

10.6%

AMSR

Trust

2.006%

due

11/17/37 ~

$

2,120,000

$

2,049,843

2.327%

due

10/17/38 ~

1,342,000

1,254,087

2.751%

due

06/17/38 ~

3,650,000

3,330,307

4.000%

due

10/17/39 ~

3,000,000

2,833,911

Aqua

Finance

Trust

3.970%

due

07/17/46 ~

1,197,836

1,129,888

Bastion

Funding

I

LLC

7.119%

due

04/25/38 ~

1,271,750

1,291,440

Bridge

Trust

3.400%

due

11/17/37 ~

2,997,668

2,940,908

CFIN

Issuer

LLC

3.250%

due

02/16/26 ~

609,067

604,430

DataBank

Issuer

LLC

2.060%

due

02/27/51 ~

1,300,000

1,240,218

Diversified

Abs

Phase

VI

LLC

7.500%

due

11/28/39 

1,315,905

1,328,692

DP

Lion

Holdco

LLC

8.243%

due

11/30/43 

1,019,344

1,061,489

FirstKey

Homes

Trust

2.389%

due

08/17/38 ~

5,500,000

5,200,198

5.197%

due

05/19/39 ~

915,000

909,820

FMC

GMSR

Issuer

Trust

3.620%

due

07/25/26 ~ §

4,600,000

4,311,710

3.850%

due

10/25/26 ~ §

2,100,000

1,981,967

4.450%

due

01/25/26 ~ §

2,700,000

2,613,416

6.190%

due

04/25/27 ~

3,000,000

3,010,688

6.500%

due

03/26/27 ~ §

2,550,000

2,561,560

7.900%

due

07/25/27 ~

3,000,000

3,096,292

Goodgreen

Trust

(Jersey)

5.900%

due

01/17/61 ~

1,791,928

1,812,175

Hilton

Grand

Vacations

Trust

4.300%

due

01/25/37 ~

1,162,695

1,156,072

Jonah

Energy

Abs

I

LLC

7.200%

due

12/10/37 ~

1,175,452

1,192,047

Jonah

Energy

LLC

7.800%

due

11/10/37 

1,581,027

1,592,568

MNR

ABS

Issuer

I

LLC

8.946%

due

12/15/38 

1,195,830

1,247,712

MVW

LLC

1.140%

due

01/22/41 ~

402,589

382,701

New

Residential

Mortgage

Loan

Trust

4.000%

due

09/04/39 ~

2,537,000

2,352,832

NRZ

Excess

Spread-Collateralized

Notes

2.981%

due

03/25/26 ~

763,652

739,516

3.104%

due

07/25/26 ~

1,448,634

1,397,981

3.228%

due

05/25/26 ~

931,749

902,625

3.844%

due

12/25/25 ~

638,351

626,745

OneMain

Financial

Issuance

Trust

3.450%

due

09/14/35 ~

675,000

636,171

Pagaya

AI

Technology

in

Housing

Trust

4.250%

due

08/25/25 ~

154,061

152,330

PNMAC

GMSR

Issuer

Trust

9.530%

(SOFR

+

4.250%)

due

05/25/27 ~ §

1,730,000

1,758,239

Progress

Residential

Trust

2.106%

due

04/17/38 ~

3,250,000

3,107,591

2.409%

due

05/17/38 ~

1,570,000

1,486,616

2.425%

due

07/17/38 ~

2,530,000

2,410,510

2.538%

due

05/17/26 ~

1,650,000

1,584,960

2.547%

due

04/19/38 ~

2,550,000

2,458,461

2.811%

due

11/17/40 ~

1,000,000

918,191

47

PACIFIC

SELECT

FUND

INTERMEDIATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

5.200%

due

04/17/39 ~

$

1,685,000

$

1,656,512

Regional

Management

Issuance

Trust

1.680%

due

03/17/31 ~

536,510

527,505

2.420%

due

03/17/31 ~

895,000

865,464

3.800%

due

10/15/30 ~

2,000,000

1,958,486

RT

Financial

LLC

7.851%

due

10/15/43 

1,742,602

1,811,494

SCF

Equipment

Leasing

LLC

1.540%

due

10/21/30 ~

2,055,000

2,007,906

6.770%

due

08/22/33 ~

2,385,000

2,572,118

Sierra

Timeshare

Receivables

Funding

LLC

1.340%

due

11/20/37 ~

276,303

266,703

Upstart

Securitization

Trust

5.980%

due

08/20/32 ~

788,612

789,124

83,122,219

Total

Asset-Backed

Securities

    (Cost

$118,910,660)

118,798,043

U.S.

TREASURY

OBLIGATIONS

-

20.1%

U.S.

Treasury

Bonds

-

9.1%

1.250%

due

05/15/50 

127,000

67,995

1.625%

due

11/15/50 

6,885,000

4,051,123

1.875%

due

02/15/51 

7,498,800

4,700,664

1.875%

due

11/15/51 

2,475,000

1,542,524

2.000%

due

08/15/51 

6,815,000

4,391,549

2.250%

due

08/15/46 

6,290,000

4,504,967

2.375%

due

02/15/42 

4,790,000

3,732,458

2.375%

due

05/15/51 

260,000

183,518

2.750%

due

08/15/42 

5,700,000

4,698,492

2.875%

due

05/15/52 

14,095,000

11,042,552

3.000%

due

08/15/48 

3,940,000

3,196,479

3.125%

due

02/15/43 

368,000

318,536

3.250%

due

05/15/42 

21,235,000

18,888,781

3.750%

due

11/15/43 

10,235,000

9,632,094

3.875%

due

05/15/43 

260,000

250,402

71,202,134

U.S.

Treasury

Notes

-

10.7%

1.500%

due

02/15/30 

1,075,000

965,484

1.625%

due

05/15/31 

565,000

498,182

1.875%

due

02/28/29 

5,095,000

4,744,420

3.125%

due

08/31/29 

1,900,000

1,860,775

3.500%

due

04/30/30 

3,780,000

3,759,624

3.875%

due

08/15/34 

19,880,000

20,021,335

4.000%

due

02/15/34 

12,539,700

12,758,165

4.125%

due

03/31/29 

10,954,900

11,205,665

4.125%

due

07/31/31 

13,305,000

13,679,203

4.375%

due

05/15/34 

5,000,000

5,237,891

4.500%

due

05/31/29 

9,000,000

9,361,582

84,092,326

U.S.

Treasury

Strip

Coupons

-

0.3%

due

11/15/40 

2,320,000

1,161,074

due

02/15/41 

1,486,372

734,439

1,895,513

Total

U.S.

Treasury

Obligations

    (Cost

$166,948,913)

157,189,973

a

Principal

Amount

Value

FOREIGN

GOVERNMENT

BONDS

&

NOTES

-

0.5%

Mexico

Government

(Mexico)

2.659%

due

05/24/31 

$

596,000

$

513,134

3.500%

due

02/12/34 

868,000

740,643

3.750%

due

01/11/28 

730,000

712,548

4.400%

due

02/12/52 

475,000

366,059

4.600%

due

01/23/46 

480,000

392,605

4.875%

due

05/19/33 

1,000,000

960,247

6.338%

due

05/04/53 

200,000

199,346

Republic

of

Poland

Government

(Poland)

5.500%

due

03/18/54 

430,000

439,979

Total

Foreign

Government

Bonds

&

Notes

    (Cost

$4,814,842)

4,324,561

MUNICIPAL

BONDS

-

0.4%

Oklahoma

Development

Finance

Authority

4.714%

due

05/01/52 

445,000

436,127

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

3.706%

due

05/15/20 

675,000

477,357

State

of

California

7.350%

due

11/01/39 

1,000,000

1,210,938

Texas

Natural

Gas

Securitization

Finance

Corp.

5.102%

due

04/01/35 

431,668

446,747

5.169%

due

04/01/41 

745,000

785,619

Total

Municipal

Bonds

    (Cost

$3,833,359)

3,356,788

SHORT-TERM

INVESTMENTS

-

1.3%

Repurchase

Agreements

-

1.3%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$10,052,860;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$10,252,807)

10,051,618

10,051,618

a

Total

Short-Term

Investments

(Cost

$10,051,618)

10,051,618

TOTAL

INVESTMENTS

-

99.6%

(Cost

$817,048,724)

780,607,217

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.4%

2,763,127

NET

ASSETS

-

100.0%

$

783,370,344

48

PACIFIC

SELECT

FUND

INTERMEDIATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$76,770

or less

than

0.1%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Corporate

Bonds

&

Notes

$

213,097,841

$

–

$

213,097,841

$

–

Mortgage-Backed

Securities

Collateralized

Mortgage

Obligations

-

Commercial

30,220,603

–

30,220,603

–

Collateralized

Mortgage

Obligations

-

Residential

34,637,362

–

34,560,592

76,770

Federal

Home

Loan

Mortgage

Corp.

9,728,378

–

9,728,378

–

Federal

National

Mortgage

Association

138,680,201

–

138,680,201

–

Government

National

Mortgage

Association

60,521,849

–

60,521,849

–

Total

Mortgage-Backed

Securities

273,788,393

–

273,711,623

76,770

Asset-Backed

Securities

118,798,043

–

118,798,043

–

U.S.

Treasury

Obligations

157,189,973

–

157,189,973

–

Foreign

Government

Bonds

&

Notes

4,324,561

–

4,324,561

–

Municipal

Bonds

3,356,788

–

3,356,788

–

Short-Term

Investments

10,051,618

–

10,051,618

–

Total

$

780,607,217

$

–

$

780,530,447

$

76,770

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

49

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

0.0%

Energy

-

0.0%

spacing

Drillco

Holdings

Luxembourg

SA

* ± Ω

(Luxembourg) 

34,768

$

857,249

Financial

-

0.0%

spacing

CBL

&

Associates

Properties,

Inc.

REIT

9,021

227,329

Total

Common

Stocks

    (Cost

$820,792)

1,084,578

Principal

Amount

CORPORATE

BONDS

&

NOTES

-

40.7%

Basic

Materials

-

0.2%

Solvay

Finance

America

LLC

(Belgium) 

5.650%

due

06/04/29 ~

$

4,600,000

4,792,883

Communications

-

1.0%

AT&T,

Inc.

1.700%

due

03/25/26 

3,700,000

3,563,144

Charter

Communications

Operating

LLC/

Charter

Communications

Operating

Capital

3.850%

due

04/01/61 

7,500,000

4,603,695

Paramount

Global

2.900%

due

01/15/27 

100,000

95,714

3.700%

due

06/01/28 

900,000

854,948

T-Mobile

USA,

Inc.

3.375%

due

04/15/29 

7,200,000

6,915,991

4.200%

due

10/01/29 

4,000,000

3,983,546

20,017,038

Consumer,

Cyclical

-

3.6%

Air

Canada

Pass-Through

Trust

Class AA

(Canada) 

3.750%

due

06/15/29 ~

1,351,304

1,307,433

Alaska

Airlines

Pass-Through

Trust

Class A

4.800%

due

02/15/29 ~

4,461,905

4,462,018

American

Airlines

Pass-Through

Trust

Class A

2.875%

due

01/11/36 

4,245,043

3,711,298

3.250%

due

04/15/30 

1,943,201

1,796,152

4.000%

due

01/15/27 

482,269

475,141

American

Airlines

Pass-Through

Trust

Class AA

3.000%

due

04/15/30 

2,978,865

2,808,206

American

Honda

Finance

Corp.

5.938%

(SOFR

+

0.670%)

due

01/10/25 §

4,600,000

4,604,523

Ford

Motor

Credit

Co.

LLC

3.375%

due

11/13/25 

2,300,000

2,256,833

4.125%

due

08/17/27 

4,400,000

4,286,614

Hyundai

Capital

America

1.650%

due

09/17/26 ~

7,200,000

6,830,685

5.250%

due

01/08/27 ~

2,600,000

2,646,781

5.650%

due

06/26/26 ~

3,400,000

3,470,152

6.288%

(SOFR

+

1.150%)

due

08/04/25 ~ §

3,100,000

3,116,601

6.500%

due

01/16/29 ~

800,000

858,641

JetBlue

Pass-Through

Trust

Class A

4.000%

due

05/15/34 

6,784,541

6,526,860

a

Principal

Amount

Value

Nissan

Motor

Acceptance

Co.

LLC

2.750%

due

03/09/28 ~

$

5,900,000

$

5,405,034

5.550%

due

09/13/29 ~

4,800,000

4,778,097

United

Airlines

Pass-Through

Trust

Class A

5.800%

due

07/15/37 

4,594,988

4,840,495

United

Airlines

Pass-Through

Trust

Class AA

2.700%

due

11/01/33 

3,943,572

3,529,269

Volkswagen

Group

of

America

Finance

LLC

(Germany) 

4.625%

due

11/13/25 ~

1,000,000

998,673

5.650%

due

09/12/28 ~

6,200,000

6,426,691

75,136,197

Consumer,

Non-Cyclical

-

2.8%

Bacardi

Ltd.

(Bermuda) 

4.450%

due

05/15/25 ~

6,700,000

6,671,439

BAT

International

Finance

PLC

(United

Kingdom) 

5.931%

due

02/02/29 

4,700,000

4,966,057

Bayer

U.S.

Finance

LLC

(Germany) 

6.125%

due

11/21/26 ~

2,600,000

2,682,149

6.375%

due

11/21/30 ~

7,700,000

8,246,022

Becton

Dickinson

&

Co.

1.957%

due

02/11/31 

7,900,000

6,823,991

Bristol-Myers

Squibb

Co.

4.950%

due

02/20/26 

4,500,000

4,559,462

CommonSpirit

Health

6.073%

due

11/01/27 

4,200,000

4,413,596

Constellation

Brands,

Inc.

3.700%

due

12/06/26 

4,400,000

4,357,345

CVS

Pass-Through

Trust

6.943%

due

01/10/30 

118,319

123,854

Duke

University

2.682%

due

10/01/44 

9,600,000

7,341,789

Elevance

Health,

Inc.

2.375%

due

01/15/25 

3,400,000

3,374,161

IQVIA,

Inc.

6.250%

due

02/01/29 

2,900,000

3,084,758

56,644,623

Energy

-

1.9%

Adnoc

Murban

Rsc

Ltd.

(United

Arab

Emirates) 

4.250%

due

09/11/29 ~

2,100,000

2,097,047

Canadian

Natural

Resources

Ltd.

(Canada) 

6.450%

due

06/30/33 

2,600,000

2,837,911

Enbridge,

Inc.

(Canada) 

5.900%

due

11/15/26 

1,400,000

1,446,174

Energy

Transfer

LP

5.550%

due

05/15/34 

4,450,000

4,610,654

6.050%

due

12/01/26 

2,100,000

2,175,249

Greensaif

Pipelines

Bidco

SARL

(Saudi

Arabia) 

5.853%

due

02/23/36 ~

3,500,000

3,625,676

Petroleos

Mexicanos

(Mexico) 

10.000%

due

02/07/33 

1,900,000

2,014,868

Pioneer

Natural

Resources

Co.

5.100%

due

03/29/26 

2,300,000

2,333,432

Rio

Oil

Finance

Trust

(Brazil) 

9.750%

due

01/06/27 ~

2,036,574

2,109,418

Sabine

Pass

Liquefaction

LLC

4.500%

due

05/15/30 

6,800,000

6,783,964

50

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Saudi

Arabian

Oil

Co.

(Saudi

Arabia) 

5.250%

due

07/17/34 ~

$

2,800,000

$

2,883,378

Venture

Global

Calcasieu

Pass

LLC

3.875%

due

08/15/29 ~

900,000

851,222

4.125%

due

08/15/31 ~

200,000

186,104

Venture

Global

LNG,

Inc.

8.125%

due

06/01/28 ~

1,500,000

1,564,784

Western

Midstream

Operating

LP

6.350%

due

01/15/29 

3,900,000

4,149,413

39,669,294

Financial

-

23.2%

Abu

Dhabi

Developmental

Holding

Co.

PJSC

(United

Arab

Emirates) 

due

10/02/31 # ~

3,600,000

3,579,916

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust

(Ireland) 

6.100%

due

01/15/27 

2,800,000

2,900,116

Ally

Financial,

Inc.

6.848%

due

01/03/30 

3,800,000

4,014,117

American

Express

Co.

5.098%

due

02/16/28 

4,300,000

4,383,069

5.645%

due

04/23/27 

4,600,000

4,689,515

American

Tower

Corp.

2.100%

due

06/15/30 

8,000,000

7,049,841

Athene

Global

Funding

5.516%

due

03/25/27 ~

4,000,000

4,096,046

Aviation

Capital

Group

LLC

4.125%

due

08/01/25 ~

6,620,000

6,580,858

6.250%

due

04/15/28 ~

1,600,000

1,672,838

Banco

Bilbao

Vizcaya

Argentaria

SA

(Spain) 

1.125%

due

09/18/25 

3,400,000

3,296,269

Banco

Espirito

Santo

SA

(Portugal) 

2.625%

* ~ ∂

EUR

1,000,000

322,813

4.750%

* ~ ∂

5,600,000

1,807,755

Banco

Santander

SA

(Spain) 

5.552%

due

03/14/28 

$

4,600,000

4,701,700

6.527%

due

11/07/27 

2,000,000

2,087,129

Bank

of

America

Corp.

5.015%

due

07/22/33 

6,500,000

6,671,942

5.819%

due

09/15/29 

5,500,000

5,789,672

Bank

of

America

NA

6.080%

(SOFR

+

1.020%)

due

08/18/26 §

4,200,000

4,236,975

Bank

of

Ireland

Group

PLC

(Ireland) 

6.253%

due

09/16/26 ~

6,400,000

6,488,293

Bank

of

Montreal

(Canada) 

4.689%

due

07/28/29 ~

5,500,000

5,646,988

Bank

of

Nova

Scotia

(Canada) 

5.450%

due

06/12/25 

1,000,000

1,006,065

Barclays

PLC

(United

Kingdom) 

6.793%

(SOFR

+

1.880%)

due

09/13/27 §

3,600,000

3,666,446

7.385%

due

11/02/28 

4,000,000

4,321,153

BGC

Group,

Inc.

3.750%

due

10/01/24 

700,000

700,000

8.000%

due

05/25/28 

2,400,000

2,583,584

Blue

Owl

Finance

LLC

6.250%

due

04/18/34 ~

3,000,000

3,142,954

BNP

Paribas

SA

(France) 

1.904%

due

09/30/28 ~

3,600,000

3,345,654

3.132%

due

01/20/33 ~

7,800,000

6,967,826

5.497%

due

05/20/30 ~

1,000,000

1,036,629

a

Principal

Amount

Value

BPCE

SA

(France) 

5.281%

due

05/30/29 ~

$

2,600,000

$

2,687,222

6.612%

due

10/19/27 ~

4,300,000

4,464,766

CaixaBank

SA

(Spain) 

6.684%

due

09/13/27 ~

3,700,000

3,849,197

Capital

One

Financial

Corp.

5.700%

due

02/01/30 

2,200,000

2,278,773

CI

Financial

Corp.

(Canada) 

7.500%

due

05/30/29 ~

2,400,000

2,503,980

Citibank

NA

5.864%

due

09/29/25 

3,100,000

3,143,442

Citigroup,

Inc.

3.070%

due

02/24/28 

3,600,000

3,499,422

Cooperatieve

Rabobank

UA

(Netherlands) 

4.655%

due

08/22/28 ~

6,700,000

6,755,963

5.500%

due

07/18/25 

300,000

302,871

Corebridge

Global

Funding

5.750%

due

07/02/26 ~

1,400,000

1,436,395

Credit

Agricole

SA

(France) 

4.631%

due

09/11/28 ~

5,100,000

5,124,104

Crown

Castle,

Inc.

2.250%

due

01/15/31 

7,900,000

6,853,626

3.700%

due

06/15/26 

2,277,000

2,250,209

CTP

NV

(Netherlands) 

0.875%

due

01/20/26 ~

EUR

2,100,000

2,266,483

Danske

Bank

AS

(Denmark) 

5.427%

due

03/01/28 ~

$

4,500,000

4,614,091

Deutsche

Bank

AG

(Germany) 

3.961%

due

11/26/25 

13,500,000

13,466,403

5.706%

due

02/08/28 

1,500,000

1,532,656

EPR

Properties

4.500%

due

04/01/25 

2,200,000

2,189,154

Essex

Portfolio

LP

3.375%

due

04/15/26 

500,000

492,160

Extra

Space

Storage

LP

3.875%

due

12/15/27 

2,600,000

2,566,200

Federation

des

Caisses

Desjardins

du

Quebec

(Canada) 

4.400%

due

08/23/25 ~

7,000,000

7,003,526

FS

KKR

Capital

Corp.

6.875%

due

08/15/29 

5,200,000

5,416,107

GLP

Capital

LP/GLP

Financing

II,

Inc.

4.000%

due

01/15/30 

1,800,000

1,720,239

Goldman

Sachs

Bank

USA

5.656%

(SOFR

+

0.770%)

due

03/18/27 §

4,500,000

4,501,741

5.787%

(SOFR

+

0.750%)

due

05/21/27 §

3,300,000

3,297,754

Goldman

Sachs

Group,

Inc.

3.500%

due

04/01/25 

3,400,000

3,379,386

5.798%

due

08/10/26 

2,900,000

2,926,220

6.164%

(SOFR

+

1.065%)

due

08/10/26 §

2,900,000

2,908,163

Host

Hotels

&

Resorts

LP

4.000%

due

06/15/25 

1,350,000

1,340,939

HSBC

Holdings

PLC

(United

Kingdom) 

5.546%

due

03/04/30 

4,200,000

4,367,432

7.390%

due

11/03/28 

8,500,000

9,204,071

HSBC

USA,

Inc.

5.625%

due

03/17/25 

4,600,000

4,616,542

ING

Groep

NV

(Netherlands) 

6.484%

(SOFR

+

1.560%)

due

09/11/27 §

4,700,000

4,764,124

51

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

JPMorgan

Chase

&

Co.

2.083%

due

04/22/26 

$

800,000

$

787,388

4.851%

due

07/25/28 

4,800,000

4,884,662

5.546%

due

12/15/25 

4,300,000

4,302,763

6.070%

due

10/22/27 

4,300,000

4,457,213

6.143%

(SOFR

+

0.930%)

due

07/22/28 §

4,100,000

4,138,762

KBC

Group

NV

(Belgium) 

5.796%

due

01/19/29 ~

2,600,000

2,696,002

Kilroy

Realty

LP

4.375%

due

10/01/25 

2,600,000

2,586,900

6.250%

due

01/15/36 

2,000,000

2,049,040

Lloyds

Banking

Group

PLC

(United

Kingdom) 

4.450%

due

05/08/25 

4,500,000

4,486,215

5.985%

due

08/07/27 

2,300,000

2,361,534

Logicor

Financing

SARL

(Luxembourg) 

1.625%

due

01/17/30 ~

EUR

2,300,000

2,286,234

Lseg

U.S.

Fin

Corp.

(United

Kingdom) 

4.875%

due

03/28/27 ~

$

3,600,000

3,655,870

Manulife

Financial

Corp.

(Canada) 

4.150%

due

03/04/26 

500,000

499,005

MassMutual

Global

Funding

II

5.050%

due

12/07/27 ~

4,000,000

4,125,335

6.248%

(SOFR

+

0.980%)

due

07/10/26 ~ §

3,000,000

3,022,342

Mitsubishi

UFJ

Financial

Group,

Inc.

(Japan) 

1.412%

due

07/17/25 

6,900,000

6,733,015

5.133%

due

07/20/33 

6,500,000

6,701,802

6.004%

(SOFR

+

0.940%)

due

02/20/26 §

500,000

501,037

Mizuho

Financial

Group,

Inc.

(Japan) 

2.201%

due

07/10/31 

8,700,000

7,655,210

5.414%

due

09/13/28 

3,300,000

3,403,044

Morgan

Stanley

4.889%

due

07/20/33 

6,500,000

6,583,344

5.042%

due

07/19/30 

1,400,000

1,439,016

6.407%

due

11/01/29 

2,800,000

3,009,537

Morgan

Stanley

Bank

NA

5.504%

due

05/26/28 

4,600,000

4,745,753

6.336%

(SOFR

+

1.080%)

due

01/14/28 §

4,400,000

4,434,372

Mutual

of

Omaha

Cos

Global

Funding

5.350%

due

04/09/27 ~

1,900,000

1,950,066

Nationwide

Building

Society

(United

Kingdom) 

6.557%

due

10/18/27 ~

4,300,000

4,477,979

NatWest

Group

PLC

(United

Kingdom) 

5.778%

due

03/01/35 

4,500,000

4,787,241

NNN

REIT,

Inc.

3.500%

due

10/15/27 

5,600,000

5,474,892

Nomura

Holdings,

Inc.

(Japan) 

2.172%

due

07/14/28 

500,000

458,445

5.842%

due

01/18/28 

1,700,000

1,766,816

Northwestern

Mutual

Global

Funding

4.900%

due

06/12/28 ~

3,700,000

3,798,211

Omega

Healthcare

Investors,

Inc.

4.750%

due

01/15/28 

590,000

589,201

Pricoa

Global

Funding

I

4.200%

due

08/28/25 ~

4,500,000

4,491,421

Principal

Life

Global

Funding

II

5.500%

due

06/28/28 ~

6,300,000

6,524,127

a

Principal

Amount

Value

Protective

Life

Global

Funding

5.209%

due

04/14/26 ~

$

3,200,000

$

3,244,420

Realty

Income

Corp.

3.200%

due

01/15/27 

8,100,000

7,922,316

Regency

Centers

LP

4.125%

due

03/15/28 

3,500,000

3,478,827

RGA

Global

Funding

5.448%

due

05/24/29 ~

4,700,000

4,895,598

Royal

Bank

of

Canada

(Canada) 

4.875%

due

01/19/27 

3,500,000

3,565,949

Santander

Holdings

USA,

Inc.

2.490%

due

01/06/28 

6,025,000

5,712,386

Scentre

Group

Trust

1/Scentre

Group

Trust

2

(Australia) 

3.625%

due

01/28/26 ~

7,300,000

7,211,354

Societe

Generale

SA

(France) 

3.337%

due

01/21/33 ~

8,000,000

7,034,172

Standard

Chartered

PLC

(United

Kingdom) 

1.456%

due

01/14/27 ~

4,000,000

3,836,320

5.957%

(SOFR

+

0.930%)

due

11/23/25 ~ §

5,400,000

5,403,232

Store

Capital

LLC

4.500%

due

03/15/28 

7,600,000

7,460,546

Sumitomo

Mitsui

Financial

Group,

Inc.

(Japan) 

1.902%

due

09/17/28 

6,000,000

5,482,835

5.464%

due

01/13/26 

1,600,000

1,623,270

6.472%

(SOFR

+

1.170%)

due

07/09/29 §

4,000,000

4,036,928

Synchrony

Bank

5.625%

due

08/23/27 

5,600,000

5,702,862

TER

Finance

Jersey

Ltd.

(Jersey) 

6.805%

due

01/02/25 ~ ±

1,100,000

1,081,938

Tesco

Property

Finance

4

PLC

(United

Kingdom) 

5.801%

due

10/13/40 ~

GBP

179,741

242,899

Toronto-Dominion

Bank

(Canada) 

4.701%

due

06/05/27 ~

$

3,400,000

3,442,043

Truist

Financial

Corp.

5.900%

due

10/28/26 

2,300,000

2,330,257

UBS

AG

(Switzerland) 

7.500%

due

02/15/28 

2,000,000

2,197,284

7.950%

due

01/09/25 

2,000,000

2,015,661

UBS

Group

AG

(Switzerland) 

5.711%

due

01/12/27 ~

2,800,000

2,838,641

6.537%

due

08/12/33 ~

8,500,000

9,387,417

Virgin

Money

U.K.

PLC

(United

Kingdom) 

4.000%

due

09/03/27 ~

GBP

500,000

656,221

Wells

Fargo

&

Co.

2.393%

due

06/02/28 

$

2,200,000

2,092,268

4.808%

due

07/25/28 

600,000

607,143

5.574%

due

07/25/29 

4,700,000

4,891,015

Wells

Fargo

Bank

NA

5.450%

due

08/07/26 

2,700,000

2,765,970

5.550%

due

08/01/25 

2,000,000

2,017,288

5.994%

(SOFR

+

1.070%)

due

12/11/26 §

4,400,000

4,444,885

477,995,263

Industrial

-

1.1%

Boeing

Co.

4.875%

due

05/01/25 

3,500,000

3,487,332

5.805%

due

05/01/50 

2,000,000

1,933,497

6.259%

due

05/01/27 ~

100,000

103,312

52

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

6.298%

due

05/01/29 ~

$

100,000

$

105,244

6.388%

due

05/01/31 ~

100,000

106,373

6.528%

due

05/01/34 ~

100,000

107,364

6.858%

due

05/01/54 ~

200,000

219,667

7.008%

due

05/01/64 ~

100,000

110,256

Canadian

Pacific

Railway

Co.

(Canada) 

3.125%

due

06/01/26 

9,800,000

9,590,800

IRB

Infrastructure

Developers

Ltd.

(India) 

7.110%

due

03/11/32 ~

2,500,000

2,604,375

Rolls-Royce

PLC

(United

Kingdom) 

5.750%

due

10/15/27 ~

950,000

980,236

RTX

Corp.

5.750%

due

11/08/26 

3,100,000

3,196,909

22,545,365

Technology

-

1.6%

Amdocs

Ltd.

2.538%

due

06/15/30 

4,700,000

4,200,401

Broadcom,

Inc.

2.600%

due

02/15/33 ~

1,800,000

1,543,770

5.050%

due

07/12/29 

3,700,000

3,812,757

Dell

International

LLC/EMC

Corp.

5.850%

due

07/15/25 

9,200,000

9,272,229

Fiserv,

Inc.

5.450%

due

03/15/34 

4,500,000

4,705,737

NXP

BV/NXP

Funding

LLC/NXP

USA,

Inc.

(China) 

3.875%

due

06/18/26 

4,000,000

3,968,158

Oracle

Corp.

2.875%

due

03/25/31 

2,900,000

2,639,644

6.150%

due

11/09/29 

2,700,000

2,921,891

33,064,587

Utilities

-

5.3%

AES

Corp.

5.450%

due

06/01/28 

4,000,000

4,119,469

DTE

Electric

Co.

4.050%

due

05/15/48 

100,000

86,778

DTE

Energy

Co.

5.100%

due

03/01/29 

6,100,000

6,283,893

Duke

Energy

Corp.

3.750%

due

04/01/31 

EUR

4,500,000

5,069,464

Enel

Finance

America

LLC

(Italy) 

7.100%

due

10/14/27 ~

$

2,900,000

3,116,305

Enel

Finance

International

NV

(Italy) 

2.500%

due

07/12/31 ~

7,500,000

6,524,949

Entergy

Louisiana

LLC

2.350%

due

06/15/32 

7,700,000

6,652,713

EPH

Financing

International

AS

(Czech

Republic) 

6.651%

due

11/13/28 ~

EUR

3,300,000

3,946,951

FirstEnergy

Pennsylvania

Electric

Co.

3.600%

due

06/01/29 ~

$

4,300,000

4,154,752

National

Grid

PLC

(United

Kingdom) 

5.602%

due

06/12/28 

3,400,000

3,551,802

National

Rural

Utilities

Cooperative

Finance

Corp.

4.800%

due

03/15/28 

2,600,000

2,659,444

New

York

State

Electric

&

Gas

Corp.

2.150%

due

10/01/31 ~

7,200,000

6,051,675

Pacific

Gas

&

Electric

Co.

2.950%

due

03/01/26 

2,100,000

2,050,300

3.500%

due

06/15/25 

2,400,000

2,373,883

6.400%

due

06/15/33 

4,800,000

5,248,516

a

Principal

Amount

Value

6.950%

due

03/15/34 

$

2,250,000

$

2,558,889

PacifiCorp

5.450%

due

02/15/34 

4,300,000

4,470,925

PG&E

Recovery

Funding

LLC

4.838%

due

06/01/35 

3,200,000

3,282,184

Public

Service

Enterprise

Group,

Inc.

5.200%

due

04/01/29 

3,600,000

3,733,255

ReNew

Wind

Energy

AP2/ReNew

Power

Pvt

Ltd.

other

9

Subsidiaries

(India) 

4.500%

due

07/14/28 ~

5,900,000

5,527,171

RWE

Finance

U.S.

LLC

(Germany) 

5.875%

due

04/16/34 ~

4,000,000

4,183,580

Southern

California

Edison

Co.

2.500%

due

06/01/31 

7,000,000

6,200,355

5.150%

due

06/01/29 

4,500,000

4,670,365

Southern

Co.

3.250%

due

07/01/26 

5,700,000

5,603,834

WEC

Energy

Group,

Inc.

1.800%

due

10/15/30 

8,400,000

7,279,200

109,400,652

Total

Corporate

Bonds

&

Notes

    (Cost

$843,606,480)

839,265,902

SENIOR

LOAN

NOTES

-

0.0%

Technology

-

0.0%

Cotiviti,

Inc.

Term

B

8.451%

(SOFR

+

3.250%)

due

05/01/31

§

895,500

895,500

Total

Senior

Loan

Notes

    (Cost

$891,109)

895,500

MORTGAGE-BACKED

SECURITIES

-

73.3%

Collateralized

Mortgage

Obligations

-

Commercial

-

8.3%

1211

Avenue

of

the

Americas

Trust

3.901%

due

08/10/35 ~

9,600,000

9,416,186

Arbor

Multifamily

Mortgage

Securities

Trust

2.756%

due

05/15/53 ~

4,900,000

4,512,003

AREIT

Trust

7.325%

(SOFR

+

2.242%)

due

06/17/39 ~ §

5,599,779

5,641,296

Ashford

Hospitality

Trust

6.394%

(SOFR

+

1.297%)

due

06/15/35 ~ §

461,750

458,330

Atrium

Hotel

Portfolio

Trust

6.344%

(SOFR

+

1.247%)

due

06/15/35 ~ §

6,500,000

6,495,444

BAMLL

Commercial

Mortgage

Securities

Trust

6.261%

(SOFR

+

1.164%)

due

09/15/38 ~ §

7,000,000

6,713,020

BDS

LLC

7.101%

(SOFR

+

2.137%)

due

08/19/38 ~ §

6,499,939

6,519,685

Benchmark

Mortgage

Trust

3.458%

due

03/15/55 

6,500,000

6,009,463

BSPDF

Issuer

Ltd.

(Cayman)

6.411%

(SOFR

+

1.314%)

due

10/15/36 ~ §

3,541,363

3,510,971

53

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

BX

Commercial

Mortgage

Trust

5.900%

(SOFR

+

0.803%)

due

10/15/38 ~ §

$

3,755,632

$

3,727,312

Cantor

Commercial

Real

Estate

Lending

2.874%

due

11/15/52 

6,200,000

5,650,696

CFCRE

Commercial

Mortgage

Trust

3.060%

due

11/10/49 

1,810,235

1,789,702

Citigroup

Commercial

Mortgage

Trust

2.984%

due

11/15/49 

2,503,780

2,471,727

3.778%

due

09/10/58 

5,900,000

5,813,958

DBGS

Mortgage

Trust

3.843%

due

04/10/37 ~

8,700,000

7,891,852

DOLP

Trust

2.956%

due

05/10/41 ~

7,000,000

6,243,950

Extended

Stay

America

Trust

6.291%

(SOFR

+

1.194%)

due

07/15/38 ~ §

6,237,248

6,234,478

GS

Mortgage

Securities

Corp.

Trust

8.497%

(SOFR

+

3.400%)

due

08/15/39 ~ §

6,700,000

6,718,648

GS

Mortgage

Securities

Trust

3.722%

due

10/10/49 ~ §

7,000,000

6,339,067

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

6.594%

(SOFR

+

1.497%)

due

12/15/31 ~ §

2,944,345

2,732,966

6.711%

(SOFR

+

1.614%)

due

09/15/29 ~ §

1,087,647

1,018,957

LCCM

Trust

6.411%

(SOFR

+

1.314%)

due

12/13/38 ~ §

3,231,615

3,225,000

LFT

CRE

Ltd.

6.381%

(SOFR

+

1.284%)

due

06/15/39 ~ §

4,620,285

4,628,870

Manhattan

West

Mortgage

Trust

2.130%

due

09/10/39 ~

8,600,000

7,974,588

MF1

Multifamily

Housing

Mortgage

Loan

Trust

6.047%

(SOFR

+

0.964%)

due

07/15/36 ~ §

1,240,499

1,241,053

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3.150%

due

03/15/48 

229,142

228,432

Morgan

Stanley

Capital

I

Trust

2.509%

due

04/05/42 ~ §

4,900,000

4,141,450

NYO

Commercial

Mortgage

Trust

6.306%

(SOFR

+

1.209%)

due

11/15/38 ~ §

11,200,000

10,885,934

One

New

York

Plaza

Trust

6.161%

(SOFR

+

1.064%)

due

01/15/36 ~ §

3,780,000

3,614,890

PFP

Ltd.

(Bermuda)

7.371%

(SOFR

+

2.274%)

due

08/19/35 ~ §

5,238,153

5,264,999

Ready

Capital

Mortgage

Financing

LLC

7.407%

(SOFR

+

2.552%)

due

10/25/39 ~ §

4,876,749

4,906,209

Starwood

Mortgage

Trust

(Cayman)

6.069%

(SOFR

+

0.972%)

due

11/15/36 ~ §

7,100,000

7,047,168

TRTX

Issuer

Ltd.

(Cayman)

6.733%

(SOFR

+

1.650%)

due

02/15/39 ~ §

6,483,533

6,459,220

a

Principal

Amount

Value

Wells

Fargo

Commercial

Mortgage

Trust

3.809%

due

12/15/48 

$

4,837,000

$

4,784,004

170,311,528

Collateralized

Mortgage

Obligations

-

Residential

-

9.3%

Banc

of

America

Funding

Trust

3.894%

due

08/25/47 ~ §

2,907,997

2,422,919

6.205%

due

02/20/36 §

187,920

178,949

Banc

of

America

Mortgage

Trust

6.000%

due

05/25/37 

1,652,728

1,302,167

BCAP

LLC

Trust

4.485%

due

03/26/37 ~ §

91,398

90,315

5.250%

due

02/26/36 ~ §

946,401

379,772

Bear

Stearns

ALT-A

Trust

5.339%

due

01/25/36 §

565,607

533,019

Bear

Stearns

ARM

Trust

5.379%

due

08/25/33 §

392,378

366,281

Bear

Stearns

Structured

Products,

Inc.

Trust

4.213%

due

12/26/46 §

314,033

243,819

5.515%

due

01/26/36 §

316,406

238,343

Chase

Home

Lending

Mortgage

Trust

3.250%

due

09/25/63 ~ §

3,910,848

3,570,033

CHL

Mortgage

Pass-Through

Trust

5.479%

due

05/20/34 §

277,311

264,711

5.609%

(SOFR

+

0.754%)

due

03/25/35 §

339,219

324,681

6.500%

due

10/25/37 

722,915

312,240

Citigroup

Mortgage

Loan

Trust,

Inc.

5.167%

due

08/25/36 §

327,431

296,779

6.246%

due

08/25/35 §

47,090

42,017

Countrywide

Alternative

Loan

Trust

(IO)

0.031%

(4.886%

-

SOFR)

due

05/25/35 §

584,194

39,036

Credit

Suisse

First

Boston

Mortgage

Securities

Corp.

(Switzerland)

6.059%

due

03/25/32 ~ §

66,992

63,605

Cross

Mortgage

Trust

6.272%

due

06/25/69 ~ §

3,071,918

3,130,607

DSLA

Mortgage

Loan

Trust

6.093%

due

07/19/44 §

214,629

203,788

Federal

Home

Loan

Mortgage

Corp.

6.000%

(SOFR

+

1.300%)

due

10/25/54 

3,000,000

2,998,125

7.500%

due

09/20/26 

7,554

7,602

Federal

Home

Loan

Mortgage

Corp.

REMICS

5.647%

(SOFR

+

0.304%)

due

10/15/43 §

2,219,782

2,168,926

5.807%

(SOFR

+

0.464%)

due

12/15/29 §

2,969

2,959

5.816%

(SOFR

+

0.464%)

due

08/15/40

-

10/15/40

§

3,576,975

3,542,985

Federal

Home

Loan

Mortgage

Corp.

Seasoned

Credit

Risk

Transfer

Trust

16.146%

due

09/25/60 ~ §

2,983,259

2,282,836

Federal

Home

Loan

Mortgage

Corp.

Structured

Pass-Through

Certificates

6.323%

(US

FED

+

1.200%)

due

10/25/44 §

413,903

375,043

6.523%

(US

FED

+

1.400%)

due

07/25/44 §

1,928,710

1,842,700

54

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Federal

National

Mortgage

Association

REMICS

1.305%

(6.586%

-

SOFR)

due

10/25/35 §

$

1,122

$

107

5.707%

(SOFR

+

0.174%)

due

07/25/37 §

39,216

38,255

5.775%

(SOFR

+

0.494%)

due

11/25/42 §

934,695

917,565

5.856%

(SOFR

+

0.514%)

due

04/18/28 §

3,140

3,137

5.906%

(SOFR

+

0.564%)

due

10/18/30 §

129

129

Federal

National

Mortgage

Association

REMICS

Trust

5.273%

due

10/25/42 §

270,642

274,446

First

Franklin

Mortgage

Loan

Trust

5.279%

(SOFR

+

0.424%)

due

10/25/36 §

13,900,000

11,240,588

First

Horizon

Alternative

Mortgage

Securities

Trust

5.144%

due

03/25/35 §

294,061

171,989

6.774%

due

06/25/34 §

833,131

826,204

Government

National

Mortgage

Association

REMICS

5.845%

(SOFR

+

0.500%)

due

01/20/72 §

2,487,052

2,445,879

5.967%

(SOFR

+

0.614%)

due

04/20/64 §

244,319

243,876

6.017%

(SOFR

+

0.664%)

due

05/20/65 §

660,908

659,701

6.067%

(SOFR

+

0.714%)

due

07/20/65

-

08/20/65

§

3,968,297

3,962,323

6.095%

(SOFR

+

0.750%)

due

10/20/72 §

2,805,729

2,798,032

6.145%

(SOFR

+

0.800%)

due

01/20/73 §

4,506,560

4,511,979

6.217%

(SOFR

+

0.864%)

due

01/20/66 §

2,941,750

2,942,970

6.225%

(SOFR

+

0.880%)

due

02/20/73

-

03/20/73

§

9,968,566

10,019,379

6.245%

(SOFR

+

0.900%)

due

01/20/73 §

7,528,806

7,569,081

6.315%

(SOFR

+

0.970%)

due

12/20/73 §

9,267,550

9,357,864

6.365%

(SOFR

+

1.020%)

due

12/20/72 §

3,145,152

3,184,618

6.522%

(SOFR

+

1.465%)

due

04/20/67 §

3,653,879

3,727,431

Great

Hall

Mortgages

No.

1

PLC

(United

Kingdom)

5.304%

(SOFR

+

0.392%)

due

06/18/39 ~ §

324,322

323,397

GreenPoint

Mortgage

Funding

Trust

5.509%

(SOFR

+

0.654%)

due

11/25/45 §

17,169

15,705

GS

Mortgage-Backed

Securities

Corp.

Trust

2.500%

due

06/25/52 ~ §

5,766,483

4,856,733

HarborView

Mortgage

Loan

Trust

5.129%

(SOFR

+

0.434%)

due

05/25/38 §

572,053

453,475

Impac

CMB

Trust

5.509%

(SOFR

+

0.384%)

due

05/25/35 §

18,597

17,372

a

Principal

Amount

Value

IndyMac

ARM

Trust

6.516%

due

01/25/32 §

$

5,237

$

5,046

JP

Morgan

Alternative

Loan

Trust

5.329%

(SOFR

+

0.474%)

due

05/25/36 §

1,491,216

1,202,229

6.000%

due

12/27/36 ~

856,892

445,233

JP

Morgan

Mortgage

Trust

4.313%

due

12/26/37 ~ §

2,772,894

2,454,636

5.269%

(SOFR

+

0.414%)

due

10/25/35 §

889,206

638,543

Lehman

Mortgage

Trust

5.750%

due

02/25/37 

4,752,301

3,227,456

MASTR

Adjustable

Rate

Mortgages

Trust

6.652%

due

04/21/34 §

5,921

5,820

MASTR

Alternative

Loan

Trust

5.369%

(SOFR

+

0.514%)

due

03/25/36 §

689,360

67,493

Merrill

Lynch

Mortgage

Investors

Trust

5.211%

due

06/25/35 §

11,719

11,300

MetLife

Securitization

Trust

3.750%

due

03/25/57 ~ §

3,866,063

3,751,038

New

Residential

Mortgage

Loan

Trust

3.000%

due

03/25/52 ~ §

5,924,622

5,195,845

3.500%

due

12/25/57 ~ §

3,073,047

2,983,922

6.864%

due

10/25/63 ~ §

3,578,277

3,645,584

OBX

Trust

5.619%

(SOFR

+

0.764%)

due

06/25/57 ~ §

2,917,111

2,854,284

6.120%

due

11/25/62 ~ §

3,812,209

3,842,197

PHH

Alternative

Mortgage

Trust

5.289%

(SOFR

+

0.434%)

due

02/25/37 §

5,472,923

4,048,996

PRKCM

Trust

5.335%

due

08/25/57 ~ §

3,571,829

3,570,352

RAAC

Trust

5.619%

(SOFR

+

0.764%)

due

06/25/47 §

1,310,722

1,276,766

RBSSP

Resecuritization

Trust

6.250%

due

12/26/36 ~ §

626,582

219,154

Reperforming

Loan

Trust

REMICS

5.309%

(SOFR

+

0.454%)

due

06/25/35 ~ §

636,650

602,009

Residential

Asset

Securitization

Trust

(IO)

0.000%

(4.836%

-

SOFR)

due

11/25/35 §

1,606,875

147,863

Resloc

U.K.

PLC

(United

Kingdom)

3.641%

(EURIBOR

+

0.160%)

due

12/15/43 ~ §

EUR

1,402,816

1,525,219

RFMSI

Trust

6.092%

due

09/25/35 §

$

352,500

241,286

Ripon

Mortgages

PLC

(United

Kingdom)

5.680%

(SONIA

+

0.700%)

due

08/28/56 ~ §

GBP

5,928,039

7,931,739

RMAC

Securities

No.

1

PLC

(United

Kingdom)

5.569%

(SONIA

+

0.589%)

due

06/12/44 ~ §

3,008,156

3,857,526

Securitized

Asset-Backed

Receivables

LLC

Trust

5.629%

(SOFR

+

0.774%)

due

08/25/35 §

$

3,167,651

2,582,913

Sequoia

Mortgage

Trust

5.775%

(SOFR

+

0.814%)

due

07/20/33 §

144,608

142,910

55

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Structured

Adjustable

Rate

Mortgage

Loan

Trust

4.024%

due

01/25/35 §

$

24,851

$

24,826

Structured

Asset

Mortgage

Investments

II

Trust

5.389%

(SOFR

+

0.534%)

due

05/25/36 §

359,747

241,510

5.429%

(SOFR

+

0.574%)

due

02/25/36 §

509,782

407,982

5.529%

(SOFR

+

0.674%)

due

02/25/36 §

302,189

252,721

5.579%

(SOFR

+

0.614%)

due

07/19/35 §

43,509

41,441

Structured

Asset

Mortgage

Investments

Trust

5.739%

(SOFR

+

0.774%)

due

09/19/32 §

7,551

7,272

Structured

Asset

Securities

Corp.

Trust

5.750%

due

04/25/35 

2,147,737

1,195,375

Suntrust

Alternative

Loan

Trust

(IO)

0.131%

(4.986%

-

SOFR)

due

12/25/35 §

1,682,986

72,676

Towd

Point

Mortgage

Funding

-

Granite

6

PLC

(United

Kingdom)

5.952%

(SONIA

+

0.925%)

due

07/20/53 ~ §

GBP

4,144,570

5,559,386

Towd

Point

Mortgage

Trust

3.750%

due

07/25/62 ~ §

$

3,653,057

3,494,969

Trinity

Square

PLC

(United

Kingdom)

5.946%

(SONIA

+

0.900%)

due

07/15/59 ~ §

GBP

3,326,282

4,462,314

UWM

Mortgage

Trust

2.500%

due

11/25/51

-

12/25/51

~ §

$

14,788,800

12,627,289

Verus

Securitization

Trust

4.260%

due

02/25/67 ~ §

3,339,649

3,254,714

5.850%

due

12/25/67 ~ §

3,817,993

3,840,269

Wachovia

Mortgage

Loan

Trust

LLC

6.278%

due

05/20/36 §

16,450

15,938

WaMu

Mortgage

Pass-Through

Certificates

Trust

5.045%

due

01/25/36 §

264,974

256,821

5.509%

(SOFR

+

0.654%)

due

12/25/45 §

13,426

13,420

5.549%

(SOFR

+

0.694%)

due

10/25/45 §

13,663

13,414

Washington

Mutual

Mortgage

Pass-Through

Certificates

WMALT

Trust

0.000%

(4.736%

-

SOFR)

due

11/25/35 §

5,727,575

318,967

0.000%

(4.836%

-

SOFR)

due

11/25/35 §

1,785,231

126,229

5.953%

(US

FED

+

0.830%)

due

11/25/46 §

804,568

670,247

6.000%

due

07/25/36 

1,053,485

827,104

Washington

Mutual

MSC

Mortgage

Pass-

Through

Certificates

Trust

6.975%

due

02/25/33 §

1,497

1,506

191,990,241

Federal

Home

Loan

Mortgage

Corp.

-

3.6%

3.000%

due

04/01/52

-

08/01/52

3,047,558

2,741,256

3.500%

due

08/01/27

-

06/01/48

5,432,359

5,134,013

4.000%

due

11/01/33

-

10/01/52

4,695,371

4,535,740

4.000%

due

09/01/52 

24,396,055

23,459,017

a

Principal

Amount

Value

4.500%

due

06/01/52

-

09/01/52

$

1,930,149

$

1,900,687

5.000%

due

12/01/52

-

09/01/53

21,648,891

21,755,027

5.500%

due

12/01/24

-

10/01/53

6,920,956

7,041,251

6.000%

due

05/01/29

-

07/01/54

6,501,773

6,646,592

6.262%

(UST

+

2.137%)

due

01/01/28 §

861

861

6.500%

due

11/01/53

-

01/01/54

1,185,562

1,223,644

6.583%

(UST

+

2.249%)

due

03/01/32 §

8,980

9,198

6.624%

(UST

+

2.249%)

due

03/01/32 §

12,214

12,409

6.914%

(RFUCC

+

1.345%)

due

09/01/35 §

53,854

55,459

7.000%

due

10/01/37 

9,044

9,502

7.375%

(UST

+

2.250%)

due

07/01/32 §

5,122

5,239

74,529,895

Federal

National

Mortgage

Association

-

3.9%

2.500%

due

02/01/35 

3,416,883

3,294,477

3.000%

due

04/01/27

-

04/01/52

36,757,623

33,065,073

3.500%

due

05/01/33

-

05/01/35

4,673,926

4,603,505

4.000%

due

04/01/25

-

10/01/52

5,258,698

5,117,950

4.470%

(US

FED

+

1.273%)

due

03/01/33 §

59,787

59,175

4.500%

due

10/01/24

-

09/01/53

11,890,887

11,710,554

4.602%

(US

FED

+

1.255%)

due

05/01/36 §

6,025

5,961

4.745%

(US

FED

+

1.255%)

due

05/01/36 §

212,830

209,593

4.761%

(US

FED

+

1.258%)

due

05/01/36 §

4,558

4,478

5.000%

due

05/01/25

-

07/01/53

9,213,039

9,258,810

5.500%

due

01/01/25

-

07/01/53

2,054,962

2,110,540

5.585%

(RFUCC

+

1.335%)

due

12/01/34 §

145,325

145,670

5.645%

(RFUCC

+

1.395%)

due

12/01/34 §

1,354

1,362

5.820%

(UST

+

1.695%)

due

02/01/33 §

81,320

82,040

5.848%

(US

FED

+

1.731%)

due

09/01/34 §

15,011

14,864

6.000%

due

11/01/34

-

03/01/54

6,053,605

6,214,070

6.050%

(UST

+

1.925%)

due

02/01/33 §

1,664

1,681

6.090%

(RFUCC

+

1.840%)

due

09/01/35 §

13,165

13,387

6.150%

(UST

+

2.025%)

due

01/01/34 §

3,071

3,175

6.295%

(RFUCC

+

1.668%)

due

03/01/33 §

1,208

1,223

6.363%

(US

FED

+

1.200%)

due

08/01/42

-

10/01/44

§

289,836

292,603

6.378%

(UST

+

2.068%)

due

03/01/34 §

1,808

1,839

6.500%

due

09/01/28

-

12/01/53

3,009,518

3,107,097

6.663%

(RFUCC

+

1.413%)

due

07/01/33 §

6,292

6,248

6.663%

(RFUCC

+

1.538%)

due

01/01/36 §

4,864

4,851

6.748%

(RFUCC

+

1.373%)

due

09/01/35 §

16,589

16,520

6.830%

(RFUCC

+

1.455%)

due

04/01/35 §

58,401

58,829

56

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

6.930%

(UST

+

2.055%)

due

04/01/34 §

$

37,560

$

38,317

6.986%

(UST

+

2.360%)

due

11/01/34 §

522,140

543,961

7.000%

(RFUCC

+

2.250%)

due

06/01/34 §

1,538

1,536

7.059%

(RFUCC

+

1.312%)

due

08/01/35 §

87,566

88,374

7.070%

(RFUCC

+

1.255%)

due

07/01/35 §

109,833

110,970

7.185%

(RFUCC

+

1.550%)

due

09/01/33 §

7,135

7,199

7.355%

(RFUCC

+

1.605%)

due

08/01/36 §

15,881

15,968

7.500%

due

01/01/33 

4,454

4,631

8.000%

due

05/01/30 

302

307

80,216,838

Government

National

Mortgage

Association

-

0.4%

due

11/20/54 #

4,900,000

4,160,975

3.625%

(UST

+

1.500%)

due

07/20/25

-

09/20/32

§

49,026

48,989

3.750%

(UST

+

1.500%)

due

10/20/24

-

12/20/32

§

46,033

46,040

4.000%

(UST

+

1.500%)

due

10/20/24

-

09/20/30

§

6,307

6,299

4.000%

due

03/15/44

-

09/15/49

697,419

679,832

4.500%

(UST

+

2.000%)

due

11/20/24 §

225

225

4.625%

(UST

+

1.500%)

due

01/20/25

-

03/20/33

§

68,274

68,544

4.875%

(UST

+

1.500%)

due

06/20/25

-

06/20/32

§

50,818

50,698

5.000%

(UST

+

1.500%)

due

06/20/25

-

06/20/27

§

275

273

5.000%

due

05/15/33

-

07/20/49

3,967,323

4,102,922

5.125%

(UST

+

2.000%)

due

03/20/29 §

14,100

14,220

6.000%

due

06/15/38

-

09/15/38

2,029

2,090

7.500%

due

07/15/31

-

12/15/31

8,841

9,386

8.000%

due

12/15/29

-

08/15/32

92,676

94,603

8.500%

due

09/15/29

-

12/15/30

76,028

76,201

9,361,297

Uniform

Mortgage-Backed

Securities

-

47.8%

due

10/01/54 #

8,400,000

8,258,740

due

11/01/54 #

41,000,000

39,411,659

due

11/01/54 #

191,773,371

172,348,604

due

11/01/54 #

15,300,000

15,048,681

due

11/01/54 #

31,800,000

29,639,696

due

11/01/54 #

8,900,000

9,171,472

due

11/01/54 #

65,900,000

67,354,280

due

11/01/54 #

298,900,000

302,384,457

due

11/01/54 #

241,500,000

241,396,232

due

12/01/54 #

99,000,000

97,435,694

2.500%

due

10/01/54 

4,100,000

3,539,615

3.000%

due

10/01/54

126,629

113,669

986,102,799

Total

Mortgage-Backed

Securities

    (Cost

$1,530,208,312)

1,512,512,598

a

Principal

Amount

Value

ASSET-BACKED

SECURITIES

-

13.0%

Automobile

Sequential

-

1.4%

Ally

Auto

Receivables

Trust

5.760%

due

11/15/26 

$

1,814,049

$

1,817,801

BMW

Vehicle

Lease

Trust

5.950%

due

08/25/25 

1,148,124

1,149,925

CarMax

Auto

Owner

Trust

5.720%

due

11/16/26 

1,768,578

1,774,010

Citizens

Auto

Receivables

Trust

5.840%

due

01/18/28 ~

5,400,000

5,480,464

Drive

Auto

Receivables

Trust

5.830%

due

12/15/26 

2,164,776

2,168,640

Enterprise

Fleet

Financing

LLC

5.613%

due

05/20/25 ~

1,969,717

1,973,638

FHF

Issuer

Trust

5.690%

due

02/15/30 ~

3,434,722

3,481,684

Santander

Drive

Auto

Receivables

Trust

5.710%

due

02/16/27 

1,996,072

2,001,340

6.310%

due

07/15/27 

1,546,338

1,551,339

SFS

Auto

Receivables

Securitization

Trust

5.350%

due

06/21/27 ~

2,924,013

2,930,271

Tesla

Auto

Lease

Trust

5.860%

due

08/20/25 ~

966,872

967,841

Toyota

Auto

Loan

Extended

Note

Trust

4.930%

due

06/25/36 ~

2,400,000

2,463,563

27,760,516

Home

Equity

Other

-

4.5%

ABFC

Trust

5.794%

(SOFR

+

0.939%)

due

07/25/35 §

3,525,820

3,355,983

Argent

Securities,

Inc.

Asset-Backed

Pass-

Through

Certificates

5.729%

(SOFR

+

0.874%)

due

02/25/36 §

1,450,836

1,158,790

Asset-Backed

Securities

Corp.

Home

Equity

Loan

Trust

5.989%

(SOFR

+

1.134%)

due

07/25/35 §

1,488,931

1,435,458

Citigroup

Mortgage

Loan

Trust,

Inc.

5.269%

(SOFR

+

0.414%)

due

12/25/36 §

8,377,027

3,371,512

5.289%

(SOFR

+

0.434%)

due

12/25/36 ~ §

1,712,835

940,093

Countrywide

Asset-Backed

Certificates

5.869%

(SOFR

+

0.564%)

due

03/25/47 ~ §

1,203,858

931,139

Countrywide

Asset-Backed

Certificates

Trust

5.199%

(SOFR

+

0.344%)

due

10/25/47 §

103,747

102,596

5.249%

(SOFR

+

0.394%)

due

06/25/47 §

4,134,449

3,791,451

5.249%

(SOFR

+

0.394%)

due

03/25/37 §

1,764,617

1,711,376

FBR

Securitization

Trust

5.734%

(SOFR

+

0.879%)

due

09/25/35 §

23,435,004

22,932,110

GSAA

Home

Equity

Trust

5.309%

(SOFR

+

0.454%)

due

09/25/36 §

8,240,687

1,943,961

57

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Home

Equity

Asset

Trust

5.749%

(SOFR

+

0.894%)

due

10/25/34 §

$

883,052

$

877,411

Home

Equity

Mortgage

Loan

Asset-Backed

Trust

5.289%

(SOFR

+

0.434%)

due

04/25/37 §

3,062,114

2,684,541

HSI

Asset

Securitization

Corp.

Trust

5.464%

(SOFR

+

0.609%)

due

02/25/36 §

370,687

352,177

IMC

Home

Equity

Loan

Trust

5.432%

due

08/20/29 §

271

269

IXIS

Real

Estate

Capital

Trust

5.169%

(SOFR

+

0.314%)

due

01/25/37 §

10,204,452

3,622,982

JP

Morgan

Mortgage

Acquisition

Trust

5.404%

(SOFR

+

0.549%)

due

05/25/36 §

8,016,679

7,700,669

Lehman

ABS

Mortgage

Loan

Trust

5.059%

(SOFR

+

0.204%)

due

06/25/37 ~ §

751,475

505,940

MASTR

Asset-Backed

Securities

Trust

5.469%

(SOFR

+

0.614%)

due

04/25/36 §

6,877,772

1,485,214

Merrill

Lynch

Mortgage

Investors

Trust

5.719%

(SOFR

+

0.864%)

due

09/25/35 §

872,309

859,321

Morgan

Stanley

ABS

Capital

I,

Inc.

Trust

5.029%

(SOFR

+

0.174%)

due

05/25/37 §

128,565

115,673

5.149%

(SOFR

+

0.294%)

due

05/25/37 §

5,622,524

5,059,488

5.149%

(SOFR

+

0.294%)

due

03/25/37 §

2,207,371

951,427

5.189%

(SOFR

+

0.334%)

due

11/25/36 §

5,058,904

2,420,733

5.219%

(SOFR

+

0.364%)

due

03/25/37 §

3,696,064

1,593,181

Morgan

Stanley

Capital

I,

Inc.

Trust

5.329%

(SOFR

+

0.474%)

due

03/25/36 §

1,346,190

1,124,640

Option

One

Mortgage

Loan

Trust

5.249%

(SOFR

+

0.394%)

due

02/25/37 §

3,899,772

2,478,401

5.409%

(SOFR

+

0.554%)

due

02/25/37 §

11,083,671

5,324,818

Park

Place

Securities,

Inc.

Asset-Backed

Pass-Through

Certificates

5.794%

(SOFR

+

0.939%)

due

07/25/35 §

6,700,000

6,459,239

Renaissance

Home

Equity

Loan

Trust

3.838%

(SOFR

+

0.994%)

due

08/25/33 §

121,574

112,805

Saxon

Asset

Securities

Trust

5.629%

(SOFR

+

0.774%)

due

10/25/35 §

1,799,914

1,725,906

Soundview

Home

Loan

Trust

5.079%

(SOFR

+

0.224%)

due

02/25/37 §

1,342,645

385,513

Structured

Asset

Investment

Loan

Trust

5.589%

(SOFR

+

0.734%)

due

01/25/36 §

3,905,368

3,658,045

a

Principal

Amount

Value

Structured

Asset

Securities

Corp.

Mortgage

Loan

Trust

5.239%

(SOFR

+

0.384%)

due

03/25/36 §

$

1,162,442

$

1,101,386

Terwin

Mortgage

Trust

5.389%

(SOFR

+

0.534%)

due

04/25/37 ~ §

114,116

110,741

92,384,989

Home

Equity

Sequential

-

0.0%

Structured

Asset

Securities

Corp.

Mortgage

Loan

Trust

5.309%

(SOFR

+

0.454%)

due

12/25/36 §

120,252

116,925

Other

Asset-Backed

Securities

-

7.1%

ACAS

CLO

Ltd.

(Cayman)

6.431%

(SOFR

+

1.152%)

due

10/18/28 ~ §

1,037,413

1,038,236

Allegro

CLO

XI

Ltd.

(Cayman)

6.529%

(SOFR

+

1.250%)

due

01/19/33 ~ §

4,400,000

4,403,597

Anchorage

Capital

CLO

6

Ltd.

(Cayman)

6.765%

(SOFR

+

1.440%)

due

04/22/34 ~ §

5,700,000

5,712,490

Avoca

CLO

XVII

DAC

(Netherlands)

4.505%

(EURIBOR

+

0.820%)

due

10/15/32 ~ §

EUR

6,000,000

6,668,973

Benefit

Street

Partners

CLO

XVI

Ltd.

(Cayman)

6.577%

(SOFR

+

1.292%)

due

01/17/32 ~ §

$

6,096,552

6,103,516

Benefit

Street

Partners

CLO

XVII

Ltd.

(Cayman)

6.643%

(SOFR

+

1.342%)

due

07/15/32 ~ §

7,000,000

7,000,000

BlueMountain

CLO

Ltd.

(Cayman)

6.318%

(SOFR

+

1.200%)

due

11/15/30 ~ §

913,128

914,103

BlueMountain

Fuji

EUR

CLO

V

DAC

(Ireland)

4.595%

(EURIBOR

+

0.910%)

due

01/15/33 ~ §

EUR

4,300,000

4,792,436

Carlyle

U.S.

CLO

Ltd.

(Cayman)

6.451%

(SOFR

+

1.150%)

due

10/15/31 ~ §

$

3,100,862

3,102,483

CarVal

CLO

I

Ltd.

(Cayman)

6.516%

(SOFR

+

1.230%)

due

07/16/31 ~ §

4,479,279

4,485,357

Catamaran

CLO

Ltd.

(Cayman)

6.644%

(SOFR

+

1.362%)

due

04/22/30 ~ §

2,878,319

2,881,917

CIFC

Funding

Ltd.

(Cayman)

6.494%

(SOFR

+

1.212%)

due

04/20/30 ~ §

427,356

427,684

CVC

Cordatus

Loan

Fund

XI

DAC

(Ireland)

4.335%

(EURIBOR

+

0.650%)

due

10/15/31 ~ §

EUR

5,484,175

6,096,934

DLLAD

LLC

5.190%

due

04/20/26 ~

$

1,408,972

1,409,996

Dryden

52

Euro

CLO

DAC

(Ireland)

4.402%

(EURIBOR

+

0.860%)

due

05/15/34 ~ §

EUR

5,008,348

5,568,894

58

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Dryden

54

Senior

Loan

Fund

(Cayman)

6.429%

(SOFR

+

1.150%)

due

10/19/29 ~ §

$

4,064,639

$

4,072,565

Elmwood

CLO

VII

Ltd.

(Cayman)

6.916%

(SOFR

+

1.630%)

due

01/17/34 ~ §

3,000,000

3,000,000

Golub

Capital

Partners

CLO

26B

Ltd.

(Cayman)

6.564%

(SOFR

+

1.282%)

due

04/20/31 ~ §

2,052,723

2,054,492

Hayfin

Emerald

CLO

X

DAC

(Ireland)

5.072%

(EURIBOR

+

1.350%)

due

07/18/38 ~ §

EUR

3,600,000

4,019,719

KKR

CLO

11

Ltd.

(Cayman)

6.743%

(SOFR

+

1.442%)

due

01/15/31 ~ §

$

2,628,441

2,635,358

KKR

CLO

21

Ltd.

(Cayman)

6.563%

(SOFR

+

1.262%)

due

04/15/31 ~ §

1,528,010

1,529,472

Kubota

Credit

Owner

Trust

5.610%

due

07/15/26 ~

2,176,635

2,185,536

LCM

XXIV

Ltd.

(Cayman)

6.524%

(SOFR

+

1.242%)

due

03/20/30 ~ §

184,083

184,205

LCM

XXV

Ltd.

(Cayman)

6.382%

(SOFR

+

1.100%)

due

07/20/30 ~ §

1,750,629

1,751,149

Madison

Park

Funding

XXIX

Ltd.

(Cayman)

6.459%

(SOFR

+

1.180%)

due

10/18/30 ~ §

4,566,575

4,572,414

Magnetite

XXV

Ltd.

(Cayman)

6.746%

(SOFR

+

1.462%)

due

01/25/32 ~ §

2,637,024

2,639,561

Marathon

CLO

XIII

Ltd.

(Cayman)

6.501%

(SOFR

+

1.200%)

due

04/15/32 ~ §

4,591,829

4,596,421

Marathon

Static

CLO

Ltd.

(Cayman)

6.432%

(SOFR

+

1.150%)

due

07/20/30 ~ §

3,063,126

3,068,261

Marble

Point

CLO

X

Ltd.

(Cayman)

6.603%

(SOFR

+

1.302%)

due

10/15/30 ~ §

1,661,778

1,662,670

Nelnet

Student

Loan

Trust

6.640%

due

02/20/41 ~

1,613,939

1,652,116

7.545%

(SOFR

+

2.200%)

due

02/20/41 ~ §

1,613,939

1,634,024

OZLM

VIII

Ltd.

(Cayman)

6.527%

(SOFR

+

1.242%)

due

10/17/29 ~ §

1,939,859

1,940,922

OZLM

XVII

Ltd.

(Cayman)

6.432%

(SOFR

+

1.150%)

due

07/20/30 ~ §

1,259,257

1,260,570

Pagaya

AI

Debt

Trust

6.258%

due

10/15/31 ~

3,400,171

3,435,532

7.400%

due

03/15/30 ~ §

414,069

417,054

8.609%

due

07/15/30 ~ §

923,563

938,573

Rad

CLO

21

Ltd.

(Cayman)

6.875%

(SOFR

+

1.590%)

due

01/25/33 ~ §

3,000,000

2,999,937

Regatta

XIX

Funding

Ltd.

(Cayman)

6.602%

(SOFR

+

1.320%)

due

04/20/35 ~ §

1,800,000

1,801,264

a

Principal

Amount

Value

Saranac

CLO

VI

Ltd.

(Jersey)

6.333%

(SOFR

+

1.402%)

due

08/13/31 ~ §

$

3,735,433

$

3,740,481

Sound

Point

CLO

XVI

Ltd.

(Cayman)

6.526%

(SOFR

+

1.242%)

due

07/25/30 ~ §

1,445,877

1,446,830

Sound

Point

CLO

XVII

Ltd.

(Cayman)

6.524%

(SOFR

+

1.242%)

due

10/20/30 ~ §

1,829,506

1,830,702

Symphony

CLO

39

Ltd.

(Bermuda)

6.875%

(SOFR

+

1.590%)

due

04/25/34 ~ §

4,400,000

4,406,000

THL

Credit

Wind

River

CLO

Ltd.

(Cayman)

6.541%

(SOFR

+

1.262%)

due

10/18/30 ~ §

1,227,932

1,228,682

6.643%

(SOFR

+

1.342%)

due

07/15/31 ~ §

6,112,871

6,120,512

Tikehau

CLO

DAC

(Ireland)

4.508%

(EURIBOR

+

0.870%)

due

08/04/34 ~ §

EUR

3,902,131

4,343,408

Venture

XXIX

CLO

Ltd.

(Cayman)

6.370%

(SOFR

+

1.252%)

due

09/07/30 ~ §

$

157,248

157,406

Venture

XXVIII

CLO

Ltd.

(Cayman)

6.534%

(SOFR

+

1.252%)

due

07/20/30 ~ §

4,138,542

4,140,611

Voya

CLO

Ltd.

(Cayman)

6.482%

(SOFR

+

1.200%)

due

07/20/32 ~ §

2,900,000

2,901,288

6.497%

(SOFR

+

1.212%)

due

04/17/30 ~ §

2,196,803

2,198,118

147,172,469

Total

Asset-Backed

Securities

    (Cost

$278,360,790)

267,434,899

U.S.

GOVERNMENT

AGENCY

ISSUES

-

1.7%

Federal

Home

Loan

Mortgage

Corp.

0.680%

due

08/06/25 

35,600,000

34,571,004

Total

U.S.

Government

Agency

Issues

    (Cost

$35,600,000)

34,571,004

U.S.

TREASURY

OBLIGATIONS

-

18.3%

U.S.

Treasury

Bonds

-

12.8%

1.375%

due

11/15/40 

25,850,000

17,551,746

1.875%

due

02/15/41 ‡

4,700,000

3,448,533

2.500%

due

02/15/45 ‡

1,300,000

993,992

2.750%

due

08/15/42 

26,200,000

21,596,578

2.875%

due

05/15/43 

5,500,000

4,568,008

2.875%

due

08/15/45 

9,200,000

7,480,391

3.125%

due

08/15/44 

35,400,000

30,193,278

3.250%

due

05/15/42 

66,800,000

59,379,996

3.375%

due

05/15/44 

26,300,000

23,378,234

3.625%

due

02/15/44 

13,500,000

12,464,297

3.750%

due

11/15/43 

20,900,000

19,668,859

3.875%

due

02/15/43 

7,300,000

7,044,500

3.875%

due

05/15/43 

13,400,000

12,905,352

4.250%

due

05/15/39 ‡

4,900,000

5,067,672

4.375%

due

11/15/39 

20,700,000

21,662,631

4.500%

due

08/15/39 

7,700,000

8,171,024

59

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

4.625%

due

02/15/40 

$

5,500,000

$

5,909,600

4.625%

due

05/15/44 

2,100,000

2,225,946

263,710,637

U.S.

Treasury

Inflation

Protected

Securities

-

5.2%

0.125%

due

04/15/25 ^ ‡

1,339,448

1,315,651

0.125%

due

07/15/31 ^

16,663,984

15,250,675

0.125%

due

01/15/32 ^ ‡

4,992,460

4,514,173

0.125%

due

02/15/51 ^

10,147,956

6,416,889

0.125%

due

02/15/52 ^

2,146,753

1,337,212

0.250%

due

01/15/25 ^ ‡

10,756,314

10,624,509

0.250%

due

02/15/50 ^

3,303,153

2,195,400

0.625%

due

07/15/32 ^

20,676,323

19,368,833

0.750%

due

02/15/45 ^

7,479,808

5,985,690

0.875%

due

02/15/47 ^

2,475,643

1,990,203

1.000%

due

02/15/46 ^

1,194,687

996,608

1.000%

due

02/15/48 ^

12,882,348

10,596,811

1.000%

due

02/15/49 ^

1,749,902

1,429,208

1.250%

due

04/15/28 ^ ‡

7,864,500

7,792,184

1.500%

due

02/15/53 ^

11,533,399

10,438,282

1.750%

due

01/15/34 ^

818,576

828,093

1.875%

due

07/15/34 ^

1,203,120

1,232,456

2.125%

due

02/15/54 ^

4,611,780

4,800,287

107,113,164

U.S.

Treasury

Notes

-

0.0%

2.250%

due

08/15/27 ‡

20,000

19,282

U.S.

Treasury

Strip

Coupons

-

0.3%

due

02/15/42 

12,200,000

5,745,795

Total

U.S.

Treasury

Obligations

    (Cost

$421,414,150)

376,588,878

FOREIGN

GOVERNMENT

BONDS

&

NOTES

-

3.5%

Brazil

Government

(Brazil)

6.125%

due

03/15/34 

4,400,000

4,494,773

Brazil

Letras

do

Tesouro

Nacional

(Brazil)

10.656%

due

04/01/25 

BRL

19,800,000

3,445,741

Chile

Government

(Chile)

3.500%

due

01/31/34 

$

7,000,000

6,452,457

Hydro-Quebec

(Canada)

8.625%

due

06/15/29 

1,000,000

1,167,640

Italy

Buoni

Poliennali

Del

Tesoro

(Italy)

1.300%

due

05/15/28 ^ ~

EUR

6,028,896

6,775,757

Korea

Development

Bank

(South

Korea)

5.923%

(SOFR

+

0.700%)

due

10/23/26 §

$

900,000

905,845

Mexico

Government

(Mexico)

6.000%

due

05/07/36 

900,000

918,802

Province

of

Ontario

Canada

(Canada)

3.600%

due

09/01/33 

CAD

8,200,000

6,094,417

3.650%

due

06/02/33 

4,200,000

3,139,666

4.150%

due

06/02/34 

7,100,000

5,473,161

4.450%

due

09/01/34 

1,900,000

1,496,567

Republic

of

Poland

Government

(Poland)

5.125%

due

09/18/34 

$

2,300,000

2,367,689

Romania

Government

(Romania)

3.000%

due

02/27/27 ~

6,500,000

6,244,095

Saudi

Government

(Saudi

Arabia)

4.750%

due

01/16/30 ~

4,400,000

4,501,838

4.875%

due

07/18/33 ~

5,000,000

5,092,122

a

Principal

Amount

Value

State

of

Israel

(Israel)

3.800%

due

05/13/60 ~

$

9,000,000

$

6,257,926

U.K.

Gilts

(United

Kingdom)

4.375%

due

07/31/54 ~

GBP

6,470,000

8,354,235

Total

Foreign

Government

Bonds

&

Notes

    (Cost

$75,246,894)

73,182,731

SHORT-TERM

INVESTMENTS

-

1.1%

Repurchase

Agreements

-

1.1%

Citigroup

Global

Markets,

Inc.

4.930%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$11,901,630;

collateralized

by

U.S.

Treasury

Obligations:

2.750%

due

04/30/27

and

value

$12,139,482)

$

11,900,000

11,900,000

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$10,077,628;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$10,277,978)

10,076,382

10,076,382

21,976,382

U.S.

Treasury

Bills

-

0.0%

4.340%

due

10/10/24 

24,000

23,972

Total

Short-Term

Investments

(Cost

$22,000,351)

22,000,354

TOTAL

INVESTMENTS

-

151.6%

(Cost

$3,208,148,878)

3,127,536,444

DERIVATIVES

-

(0.2%)

(

4,122,851

)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(51.4%)

(

1,060,386,599

)

NET

ASSETS

-

100.0%

$

2,063,026,994

60

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$2,130,568

or

0.1%

of

the

Fund’s

net

assets were

in

default.

(b)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$857,249

or less

than

0.1%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

(c)

As

of

September

30,

2024,

the

average

amount

of

borrowings

by

the

Fund

on

reverse

repurchase

agreements

during

the

period

was

$7,684,672

at

a

weighted

average

interest

rate

of

5.3%.

As

of

September

30,

2024,

the

average

amount

of

borrowings

by

the

Fund

on

sale-buyback

financing

transactions

during

the

period

was

$98,229,309

at

a

weighted

average

interest

rate

of

0.1%.

(d)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

(e)

As

of

September

30,

2024,

forward

foreign

currency

contracts

outstanding

were

as

follows:

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CBOT

2

Year

U.S.

Treasury

Notes

12/24

55

$

11,430,188

$

11,453,320

$

23,132

CBOT

5

Year

U.S.

Treasury

Notes

12/24

1,116

122,382,122

122,629,219

247,097

CBOT

10

Year

U.S.

Treasury

Notes

12/24

1,054

120,327,515

120,452,438

124,923

Montreal

Exchange

10

Year

Canadian

Bond

12/24

283

25,953,013

26,158,328

205,315

$

600,467

Short

Futures

Outstanding

CBOT

U.S.

Long

Bond

12/24

18

2,260,239

2,235,375

24,864

CBOT

Ultra

10

Year

U.S.

Treasury

Notes

12/24

1,379

163,063,387

163,131,391

(

68,004

)

Eurex

5

Year

Euro

BOBL

12/24

11

1,454,106

1,469,969

(

15,863

)

Eurex

10

Year

Euro

BUND

12/24

267

39,581,197

40,099,694

(

518,497

)

TSE

Japanese

10

Year

Bond

12/24

33

33,143,636

33,212,385

(

68,749

)

(

$

646,249

)

Total

Futures

Contracts

(

$

45,782

)

Currency

Purchased

Currency

Sold

Settlement

Month

Counterparty

Unrealized

Appreciation

Unrealized

Depreciation

AUD

1,551,000

USD

1,035,592

10/24

BRC

$

36,692

$

–

AUD

6,373,000

USD

4,371,878

10/24

TDB

34,097

–

BRL

16,926,920

USD

3,043,315

10/24

BNP

63,853

–

BRL

12,540,538

USD

2,301,819

10/24

BRC

169

–

BRL

48,804,660

USD

8,691,836

11/24

CIT

233,995

–

CAD

33,917,607

USD

25,244,856

10/24

HSB

–

(

165,691

)

CHF

7,000,546

USD

8,253,239

10/24

UBS

18,216

–

CNH

41,268,000

USD

5,715,209

10/24

GSC

181,832

–

CNH

5,099,777

USD

721,052

11/24

BNP

9,248

–

CNH

18,993,293

USD

2,685,654

11/24

CIT

34,228

–

CNH

5,182,111

USD

732,921

11/24

JPM

9,169

–

CNH

6,143,695

USD

856,682

12/24

BNP

24,561

–

CNH

63,714,672

USD

8,928,000

12/24

DUB

215,389

–

CNH

10,937,006

USD

1,532,867

12/24

HSB

35,922

–

CNH

37,294,446

USD

5,180,000

12/24

SCB

169,463

–

CNH

7,704,666

USD

1,079,236

01/25

CIT

28,954

–

CNH

3,363,461

USD

471,172

02/25

BRC

13,580

–

DKK

7,495,000

USD

1,119,425

10/24

CIT

–

(

192

)

EUR

77,148,000

USD

86,198,394

10/24

BNP

–

(

321,143

)

EUR

977,000

USD

1,093,152

10/24

CIT

–

(

5,606

)

GBP

7,056,000

USD

9,289,220

10/24

BNP

144,301

–

GBP

3,364,000

USD

4,448,313

10/24

CIT

49,187

–

GBP

35,750,000

USD

47,815,625

10/24

HSB

–

(

19,654

)

IDR

79,020,982,000

USD

5,150,000

10/24

UBS

46,251

–

INR

1,048,282,112

USD

12,500,000

10/24

BNP

347

–

INR

954,057,450

USD

11,343,353

10/24

CIT

31,840

–

INR

88,142,558

USD

1,048,056

10/24

GSC

2,865

–

61

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Currency

Purchased

Currency

Sold

Settlement

Month

Counterparty

Unrealized

Appreciation

Unrealized

Depreciation

INR

356,775,278

USD

4,245,028

10/24

SCB

$

8,791

$

–

JPY

206,000,000

USD

1,457,083

10/24

MSC

–

(

23,790

)

MXN

19,529,983

USD

969,177

12/24

BNP

12,145

–

MXN

82,915

USD

4,240

12/24

UBS

–

(

78

)

MXN

53,085,122

USD

2,623,885

02/25

DUB

17,537

–

MXN

24,063,447

USD

1,181,904

02/25

GSC

15,820

–

NZD

6,075,000

USD

3,781,116

10/24

UBS

78,332

–

NZD

6,075,000

USD

3,838,556

11/24

BRC

21,343

–

PEN

2,166,487

USD

572,675

10/24

BOA

11,592

–

PLN

31,681,000

USD

8,255,489

10/24

BOA

–

(

27,226

)

SEK

1,534,633

USD

151,680

10/24

BRC

–

(

571

)

SGD

11,383,773

USD

8,861,036

10/24

HSB

–

(

3,792

)

THB

360,579

USD

10,847

10/24

CIT

370

–

TRY

68,545,045

USD

1,941,126

10/24

BRC

26,118

–

TRY

37,978,721

USD

1,063,161

10/24

JPM

31,540

–

TRY

12,594,588

USD

346,362

11/24

BRC

–

(

572

)

TRY

190,741,802

USD

5,080,470

11/24

BRC

188,490

–

TRY

157,792,204

USD

4,154,923

11/24

JPM

250,145

–

TRY

98,313,106

USD

2,609,811

12/24

JPM

45,393

–

TRY

30,346,694

USD

797,338

01/25

BRC

3,654

–

TRY

2,397,404

USD

50,372

03/25

DUB

9,051

–

TRY

2,118,113

USD

43,713

03/25

JPM

8,836

–

TRY

47,941,103

USD

1,077,658

05/25

JPM

51,696

–

TWD

316,174,172

USD

9,961,792

10/24

BNP

32,387

–

USD

668,047

AUD

982,000

10/24

BRC

–

(

10,859

)

USD

4,711,322

AUD

6,942,000

10/24

CIT

–

(

88,031

)

USD

4,374,064

AUD

6,373,000

11/24

TDB

–

(

34,192

)

USD

3,074,463

BRL

16,926,920

10/24

BNP

–

(

32,705

)

USD

2,210,846

BRL

12,540,538

10/24

BRC

–

(

91,142

)

USD

3,043,315

BRL

17,107,845

01/25

BNP

–

(

62,672

)

USD

1,965,713

BRL

11,000,000

04/25

GSC

–

(

2,087

)

USD

1,496,330

BRL

8,300,000

04/25

GSC

11,536

–

USD

88,955

BRL

500,000

04/25

JPM

–

(

490

)

USD

972,001

CAD

1,320,000

10/24

BOA

–

(

4,026

)

USD

136,451

CAD

185,000

10/24

CIT

–

(

341

)

USD

24,063,800

CAD

32,388,743

10/24

TDB

115,099

–

USD

25,244,856

CAD

33,890,343

11/24

HSB

165,935

–

USD

8,324,971

CHF

7,007,000

10/24

HSB

45,890

–

USD

8,253,239

CHF

6,974,449

11/24

UBS

–

(

18,500

)

USD

721,052

CNH

5,111,819

10/24

BNP

–

(

9,407

)

USD

2,685,654

CNH

19,036,794

10/24

CIT

–

(

34,631

)

USD

796,238

CNH

5,647,175

10/24

JPM

–

(

10,722

)

USD

36,099

CNH

260,921

11/24

BNP

–

(

1,265

)

USD

6,546,636

CNH

46,195,047

11/24

CIT

–

(

68,599

)

USD

21,130

CNH

153,057

11/24

SCB

–

(

788

)

USD

5,180,000

CNH

37,280,460

12/24

BNP

–

(

167,457

)

USD

1,532,867

CNH

10,940,991

12/24

HSB

–

(

36,494

)

USD

856,682

CNH

6,146,609

12/24

JPM

–

(

24,979

)

USD

8,928,000

CNH

63,740,295

12/24

UBS

–

(

219,066

)

USD

1,078,824

CNH

7,706,245

01/25

BNP

–

(

29,593

)

USD

471,172

CNH

3,365,224

02/25

BOA

–

(

13,834

)

USD

480,373

DKK

3,213,457

10/24

JPM

505

–

USD

348,259

DKK

2,337,180

10/24

MSC

–

(

754

)

USD

288,647

DKK

1,939,206

10/24

SCB

–

(

936

)

USD

87,069,453

EUR

78,125,000

10/24

MSC

104,655

–

USD

86,315,150

EUR

77,148,000

11/24

BNP

319,785

–

USD

58,804,027

GBP

44,574,000

10/24

BRC

–

(

789,193

)

USD

2,096,716

GBP

1,596,000

10/24

JPM

–

(

37,057

)

USD

47,813,694

GBP

35,750,000

11/24

HSB

18,474

–

USD

753,713

ILS

2,838,000

10/24

BOA

–

(

7,814

)

USD

16,558,269

INR

1,388,618,977

10/24

BNP

–

(

460

)

USD

1,155,610

JPY

166,394,550

10/24

BNP

–

(

2,119

)

USD

814,100

JPY

117,345,513

10/24

HSB

–

(

2,359

)

62

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(f)

As

of

September

30,

2024,

purchased

options

outstanding

were

as

follows:

Currency

Purchased

Currency

Sold

Settlement

Month

Counterparty

Unrealized

Appreciation

Unrealized

Depreciation

USD

12,500,000

KRW

16,515,875,525

10/24

BNP

$

–

(

$

32,162

)

USD

99,557

MXN

1,936,000

12/24

BNP

2,381

–

USD

3,838,185

NZD

6,075,000

10/24

BRC

–

(

21,264

)

USD

569,450

PEN

2,164,223

12/24

CIT

–

(

13,929

)

USD

151,083

SEK

1,535,000

10/24

BRC

–

(

62

)

USD

151,680

SEK

1,532,165

11/24

BRC

576

–

USD

8,740,929

SGD

11,382,000

10/24

MSC

–

(

114,936

)

USD

8,861,036

SGD

11,364,411

11/24

HSB

4,040

–

USD

12,500,000

TWD

396,733,563

10/24

BNP

–

(

40,639

)

USD

1,407,267

TWD

44,889,445

11/24

BNP

–

(

17,772

)

USD

5,043,178

TWD

160,892,194

11/24

CIT

–

(

64,430

)

USD

720,201

TWD

22,621,513

11/24

CIT

2,069

–

USD

1,174,938

TWD

37,639,607

11/24

HSB

–

(

19,951

)

USD

720,316

TWD

23,406,668

11/24

JPM

–

(

22,741

)

USD

772,136

TWD

24,272,095

11/24

MSC

1,605

–

USD

217,909

TWD

7,037,894

11/24

SCB

–

(

5,513

)

ZAR

146,474,000

USD

8,318,008

10/24

JPM

148,561

–

Total

Forward

Foreign

Currency

Contracts

$

3,138,510

(

$

2,724,286

)

Credit

Default

Swaptions

on

Credit

Indices

-

Buy

Protection

Description

Exercise

Rate

Expiration

Date

Counter-

party

Notional

Amount

Cost

Value

Put

-

CDX.NA.IG.S42

0.600%

11/20/24

BNP

$

15,300,000

$

31,365

$

8,105

Put

-

CDX.NA.IG.S42

0.600%

11/20/24

GSC

15,200,000

31,920

8,052

$

63,285

$

16,157

Foreign

Currency

Options

Description

Exercise

Price

Expiration

Date

Counter-

party

Notional

Amount

Cost

Value

Call

-

CNH

versus

USD

$

7.33

12/06/24

BNP

$

200,000

$

25,000

$

3,299

Call

-

CNH

versus

USD

7.35

12/06/24

MSC

400,000

38,600

6,658

Call

-

CNH

versus

USD

7.40

12/06/24

BNP

300,000

27,300

3,849

Call

-

CNH

versus

USD

7.40

12/12/24

DUB

2,400,000

222,000

36,475

Call

-

CNH

versus

USD

7.30

01/14/25

CIT

300,000

31,500

6,629

Call

-

CNH

versus

USD

7.33

01/14/25

BNP

300,000

29,100

5,386

Call

-

CNH

versus

USD

7.40

01/14/25

BNP

300,000

23,850

4,128

Call

-

CNH

versus

USD

7.40

01/23/25

BNP

300,000

28,455

5,158

Call

-

CNH

versus

USD

7.30

02/14/25

BRC

100,000

10,716

1,902

Call

-

CNH

versus

USD

7.30

02/14/25

SCB

100,000

10,200

1,902

Call

-

CNH

versus

USD

7.38

02/14/25

MSC

300,000

29,400

6,620

Call

-

CNH

versus

USD

7.45

02/14/25

CIT

300,000

28,500

6,015

$

504,621

$

88,021

Interest

Rate

Swaptions

Description

Pay/Receive

Floating

Rate

Floating

Rate

Index

Exercise

Rate

Expiration

Date

Counter-

party

Notional

Amount

Cost

Value

Call

-

1

Year

Interest

Rate

Swap

Pay

3

Month

EURIBOR

2.050%

02/19/25

CIT

EUR

24,300,000

$

22,934

$

44,602

Call

-

5

Year

Interest

Rate

Swap

Pay

SONIA

2.930%

03/06/25

CIT

GBP

13,575,000

90,317

71,861

Call

-

1

Year

Interest

Rate

Swap

Pay

SONIA

3.250%

03/06/25

GSC

38,300,000

–

60,755

Call

-

5

Year

Interest

Rate

Swap

Pay

SONIA

2.960%

03/10/25

CIT

13,500,000

85,554

77,491

Call

-

1

Year

Interest

Rate

Swap

Pay

SONIA

3.250%

03/10/25

GSC

58,500,000

–

96,091

Call

-

1

Year

Interest

Rate

Swap

Pay

SONIA

3.250%

03/11/25

GSC

38,900,000

–

64,713

Call

-

1

Year

Interest

Rate

Swap

Pay

SONIA

3.250%

03/12/25

GSC

58,200,000

–

98,033

Call

-

1

Year

Interest

Rate

Swap

Pay

SONIA

3.250%

03/13/25

GSC

58,200,000

–

99,255

63

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(g)

As

of

September

30,

2024,

premiums

received,

and

value

of

written

options

outstanding

were

as

follows:

Description

Pay/Receive

Floating

Rate

Floating

Rate

Index

Exercise

Rate

Expiration

Date

Counter-

party

Notional

Amount

Cost

Value

Call

-

1

Year

Interest

Rate

Swap

Pay

SONIA

3.250%

03/18/25

GSC

GBP

58,100,000

$

–

$

103,683

Call

-

5

Year

Interest

Rate

Swap

Pay

SONIA

2.940%

03/24/25

CIT

12,100,000

78,519

73,378

$

277,324

$

789,862

Put

-

30

Year

Interest

Rate

Swap

Receive

SOFR

4.329%

05/29/25

MSC

$

6,600,000

225,289

51,257

Put

-

1

Year

Interest

Rate

Swap

Receive

SOFR

3.842%

09/15/25

MSC

129,600,000

168,480

181,803

Put

-

1

Year

Interest

Rate

Swap

Receive

SOFR

3.967%

09/18/25

UBS

39,300,000

47,160

46,594

$

440,929

$

279,654

Total

Interest

Rate

Swaptions

$

718,253

$

1,069,516

Total

Purchased

Options

$

1,286,159

$

1,173,694

Credit

Default

Swaptions

on

Credit

Indices

-

Sell

Protection

Description

Exercise

Rate

Expiration

Date

Counter-

party

Notional

Amount

Premium

Value

Put

-

CDX.NA.IG.S42

0.800%

11/20/24

BNP

$

30,600,000

$

27,540

(

$

6,438

)

Put

-

CDX.NA.IG.S42

0.800%

11/20/24

GSC

30,300,000

30,300

(

6,374

)

$

57,840

(

$

12,812

)

Interest

Rate

Swaptions

Description

Pay/Receive

Floating

Rate

Floating

Rate

Index

Exercise

Rate

Expiration

Date

Counter-

party

Notional

Amount

Premium

Value

Call

-

10

Year

Interest

Rate

Swap

Receive

SOFR

3.050%

10/09/24

GSC

$

1,500,000

$

5,456

(

$

654

)

Call

-

10

Year

Interest

Rate

Swap

Receive

6

Month

EURIBOR

2.290%

10/24/24

BNP

EUR

700,000

1,803

(

2,894

)

Call

-

10

Year

Interest

Rate

Swap

Receive

SOFR

3.115%

10/28/24

GSC

$

700,000

2,261

(

2,013

)

Call

-

10

Year

Interest

Rate

Swap

Receive

6

Month

EURIBOR

2.050%

02/19/25

CIT

EUR

2,700,000

20,256

(

19,568

)

Call

-

5

Year

Interest

Rate

Swap

Receive

6

Month

EURIBOR

1.958%

03/06/25

CIT

15,300,000

90,078

(

99,135

)

Call

-

10

Year

Interest

Rate

Swap

Receive

SONIA

3.243%

03/06/25

GSC

GBP

4,200,000

–

(

48,747

)

Call

-

5

Year

Interest

Rate

Swap

Receive

6

Month

EURIBOR

2.008%

03/10/25

CIT

EUR

15,300,000

85,790

(

115,196

)

Call

-

10

Year

Interest

Rate

Swap

Receive

SONIA

3.255%

03/10/25

GSC

GBP

6,400,000

–

(

77,948

)

Call

-

10

Year

Interest

Rate

Swap

Receive

SONIA

3.250%

03/11/25

GSC

4,300,000

–

(

52,209

)

Call

-

10

Year

Interest

Rate

Swap

Receive

SONIA

3.245%

03/12/25

GSC

6,400,000

–

(

77,469

)

Call

-

10

Year

Interest

Rate

Swap

Receive

SONIA

3.250%

03/13/25

GSC

6,400,000

–

(

79,101

)

Call

-

10

Year

Interest

Rate

Swap

Receive

SONIA

3.250%

03/18/25

GSC

6,400,000

–

(

81,219

)

Call

-

5

Year

Interest

Rate

Swap

Receive

6

Month

EURIBOR

1.948%

03/24/25

CIT

EUR

13,800,000

78,208

(

95,089

)

Call

-

1

Year

Interest

Rate

Swap

Receive

SOFR

1.633%

09/15/25

MSC

$

129,600,000

168,480

(

110,199

)

Call

-

1

Year

Interest

Rate

Swap

Receive

SOFR

1.777%

09/18/25

UBS

39,300,000

47,160

(

40,365

)

$

499,492

(

$

901,806

)

64

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(h)

As

of

September

30,

2024,

swap

agreements

outstanding

were

as

follows:

Description

Pay/Receive

Floating

Rate

Floating

Rate

Index

Exercise

Rate

Expiration

Date

Counter-

party

Notional

Amount

Premium

Value

Put

-

10

Year

Interest

Rate

Swap

Pay

SOFR

3.450%

10/09/24

GSC

$

1,500,000

$

5,456

(

$

2,433

)

Put

-

10

Year

Interest

Rate

Swap

Pay

6

Month

EURIBOR

2.530%

10/24/24

BNP

EUR

700,000

1,804

(

965

)

Put

-

10

Year

Interest

Rate

Swap

Pay

SOFR

3.465%

10/28/24

GSC

$

700,000

2,261

(

2,403

)

$

9,521

(

$

5,801

)

Total

Interest

Rate

Swaptions

$

509,013

(

$

907,607

)

-

–

-

–

-

–

Options

on

Futures

Description

Exercise

Price

Expiration

Date

Exchange

Number

of

Contracts

Notional

Amount

Premium

Value

Call

-

Eurex

5

Year

Euro

BOBL

Futures

EUR

120.25

10/25/24

EUX

11

EUR

1,322,750

$

2,640

(

$

4,959

)

Call

-

Eurex

10

Year

Euro

BUND

Futures

136.00

10/25/24

EUX

7

952,000

4,349

(

3,507

)

$

6,989

(

$

8,466

)

Put

-

Eurex

5

Year

Euro

BOBL

Futures

118.75

10/25/24

EUX

11

1,306,250

2,640

(

1,041

)

Put

-

Eurex

10

Year

Euro

BUND

Futures

133.00

10/25/24

EUX

7

931,000

3,705

(

1,558

)

$

6,345

(

$

2,599

)

Total

Options

on

Futures

$

13,334

(

$

11,065

)

-

–

-

–

-

–

Total

Written

Options

$

580,187

(

$

931,484

)

Credit

Default

Swaps

on

Corporate

and

Sovereign

Issues

-

Sell

Protection

(1)

Referenced

Obligation

Payment

Frequency

Fixed

Deal

Receive

Rate

Expiration

Date

Counter-

party

Implied

Credit

Spread

at

09/30/24

(2)

Notional

Amount

(3)

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Banco

do

Brasil

SA

Q

1.000%

12/20/24

JPM

0.611%

$

2,500,000

$

3,989

(

$

6,970

)

$

10,959

South

Africa

Government

Q

1.000%

12/20/26

MSC

0.651%

4,800,000

37,322

(

97,312

)

134,634

Colombia

Government

Q

1.000%

06/20/27

GSC

1.087%

4,600,000

(

8,975

)

(

99,796

)

90,821

Colombia

Government

Q

1.000%

06/20/27

MSC

1.087%

1,600,000

(

3,122

)

(

47,762

)

44,640

Colombia

Government

Q

1.000%

12/20/27

GSC

1.228%

2,100,000

(

13,802

)

(

119,407

)

105,605

Colombia

Government

Q

1.000%

12/20/27

MSC

1.228%

1,900,000

(

12,488

)

(

108,035

)

95,547

$

2,924

(

$

479,282

)

$

482,206

Exchange

General

Electric

Co.

Q

1.000%

12/20/24

ICE

0.060%

2,200,000

5,270

3,949

1,321

Rolls-Royce

PLC

Q

1.000%

06/20/25

ICE

0.165%

EUR

4,300,000

30,216

15,211

15,005

Boeing

Co.

Q

1.000%

06/20/25

ICE

0.493%

$

6,900,000

27,087

28,676

(

1,589

)

Verizon

Communications,

Inc.

Q

1.000%

12/20/26

ICE

0.326%

7,300,000

107,641

54,277

53,364

AT&T,

Inc.

Q

1.000%

06/20/28

ICE

0.474%

6,000,000

111,776

44,219

67,557

T-Mobile

USA,

Inc.

Q

5.000%

06/20/28

ICE

0.350%

2,400,000

394,345

356,246

38,099

Boeing

Co.

Q

1.000%

12/20/29

ICE

1.438%

11,900,000

(

236,793

)

(

221,177

)

(

15,616

)

$

439,542

$

281,401

$

158,141

Total

Credit

Default

Swaps

on

Corporate

and

Sovereign

Issues

–

Sell

Protection

0

$

442,466

(

$

197,881

)

$

640,347

0

65

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Credit

Default

Swaps

on

Credit

Indices

-

Sell

Protection

(1)

Referenced

Obligation

Payment

Frequency

Fixed

Deal

Receive

Rate

Expiration

Date

Exchange

Notional

Amount

(3)

Value

(4)

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

CDX.NA.IG.S42

Q

1.000%

06/20/29

ICE

$

34,700,000

$

796,836

$

687,493

$

109,343

CDX.NA.IG.S43

Q

1.000%

12/20/29

ICE

59,800,000

1,355,239

1,345,188

10,051

$

2,152,075

$

2,032,681

$

119,394

Total

Credit

Default

Swaps

$

2,594,541

$

1,834,800

$

759,741

(1)

If

the

Fund

is

a

seller

of

protection

and

a

credit

event

occurs,

as

defined

under

the

terms

of

that

particular

swap

agreement,

the

Fund

will

either

(i)

pay

to

the

buyer

of

protection

an

amount

equal

to

the

notional

amount

of

the

swap

and

take

delivery

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index

or

(ii)

pay

a

net

settlement

amount

in

the

form

of

cash

or

investments

equal

to

the

notional

amount

of

the

swap

less

the

recovery

value

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index.

(2)

An

implied

credit

spread

is

the

spread

in

yield

between

a

U.S.

Treasury

security

and

the

referenced

obligation

or

underlying

investment

that

are

identical

in

all

respects

except

for

the

quality

rating.

Implied

credit

spreads,

represented

in

the

absolute

terms,

utilized

in

determining

the

value

of

credit

default

swap

agreements

on

corporate

and

sovereign

issues

as

of

period

end

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

likelihood

of

risk

of

default

for

the

credit

derivative.

The

implied

credit

spread

of

a

particular

referenced

entity

reflects

the

cost

of

buying/selling

protection

and

may

include

upfront

payments

required

to

be

made

to

enter

the

agreement.

Wider

credit

spreads,

in

comparison

to

narrower

credit

spreads,

represent

a

deterioration

of

the

referenced

entity’s

credit

soundness

and

a

greater

likelihood

of

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

A

credit

spread

identified

as

“Defaulted”

indicates

a

credit

event

has

occurred

for

the

referenced

entity

or

obligation.

(3)

The

maximum

potential

amount

the

Fund

could

be

required

to

pay

as

a

seller

of

credit

protection

or

receive

as

a

buyer

of

credit

protection

if

a

credit

event

occurs

as

defined

under

the

terms

of

that

particular

swap

agreement.

(4)

The

quoted

market

prices

and

resulting

values

for

credit

default

swap

agreements

on

credit

indices

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

likelihood

of

an

expected

liability

(or

profit)

for

the

credit

derivative

had

the

notional

amount

of

the

swap

agreement

been

closed/sold

as

of

period

end.

Increasing

values

(buy

protection)

or

decreasing

values

(sell

protection),

when

compared

to

the

notional

amount

of

the

swap,

represent

a

deterioration

of

the

referenced

entity’s

credit

soundness

and

a

greater

likelihood

of

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

Interest

Rate

Swaps

-

Long

Receive

Pay

Payment

Frequency

Receive

Rate/

Pay

Rate

Exchange

Expiration

Date

Notional

Amount

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

3.650%

1

Day

USD

SOFR

A/A

LCH

11/22/24

$

9,600,000

(

$

166,899

)

(

$

19,993

)

(

$

146,906

)

11.528%

1

Day

BRL

CDI

Z/Z

CME

01/04/27

BRL

32,900,000

(

64,087

)

–

(

64,087

)

11.548%

1

Day

BRL

CDI

Z/Z

CME

01/04/27

90,700,000

(

168,866

)

–

(

168,866

)

1.000%

6

Month

EURIBOR

A/S

LCH

05/18/27

EUR

29,000,000

(

1,350,565

)

(

1,456,326

)

105,761

2.780%

6

Month

EURIBOR

A/S

LCH

05/02/29

2,100,000

46,936

(

2,804

)

49,740

4.000%

1

Day

GBP

SONIA

A/A

LCH

09/18/29

GBP

10,400,000

232,662

180,191

52,471

2.500%

6

Month

EURIBOR

A/S

LCH

03/19/30

EUR

16,400,000

316,334

132,668

183,666

2.547%

6

Month

EURIBOR

A/S

LCH

03/09/33

200,000

6,562

(

2,257

)

8,819

4.500%

6

Month

AUD

BBSW

S/S

LCH

09/20/33

AUD

12,700,000

312,904

(

45,680

)

358,584

4.500%

6

Month

AUD

BBSW

S/S

LCH

03/20/34

7,300,000

178,346

(

37,322

)

215,668

4.500%

6

Month

AUD

BBSW

S/S

LCH

09/18/34

11,000,000

270,749

50,122

220,627

2.500%

6

Month

EURIBOR

A/S

LCH

03/19/35

EUR

68,175,000

1,218,891

485,311

733,580

4.000%

6

Month

AUD

BBSW

S/S

LCH

03/19/35

AUD

7,000,000

(

25,673

)

(

7,604

)

(

18,069

)

0.450%

1

Day

JPY

TONAR

A/A

LCH

12/15/51

JPY

310,000,000

(

540,006

)

(

545,268

)

5,262

$

267,288

(

$

1,268,962

)

$

1,536,250

a

–

66

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Interest

Rate

Swaps

-

Short

Pay

Receive

Payment

Frequency

Pay

Rate/

Receive

Rate

Exchange

Expiration

Date

Notional

Amount

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

5.388%

1

Day

USD

SOFR

A/A

LCH

10/18/24

$

41,700,000

$

17,184

(

$

2,841

)

$

20,025

5.160%

1

Day

USD

SOFR

A/A

LCH

05/31/25

38,800,000

(

215,054

)

(

1,089

)

(

213,965

)

3.500%

1

Day

USD

SOFR

A/A

LCH

12/18/25

20,000,000

(

454

)

14,509

(

14,963

)

4.073%

1

Day

USD

SOFR

A/A

LCH

12/31/25

125,700,000

439,903

–

439,903

3.807%

1

Day

USD

SOFR

A/A

LCH

05/31/28

10,700,000

(

134,618

)

–

(

134,618

)

3.750%

1

Day

USD

SOFR

A/A

LCH

06/20/29

4,900,000

(

82,404

)

(

39,158

)

(

43,246

)

3.585%

1

Day

USD

SOFR

A/A

LCH

10/31/30

37,900,000

(

276,459

)

–

(

276,459

)

3.722%

1

Day

USD

SOFR

A/A

LCH

10/31/30

2,100,000

(

32,792

)

–

(

32,792

)

3.727%

1

Day

USD

SOFR

A/A

LCH

10/31/30

4,100,000

(

65,255

)

–

(

65,255

)

3.732%

1

Day

USD

SOFR

A/A

LCH

10/31/30

3,000,000

(

48,647

)

–

(

48,647

)

3.739%

1

Day

USD

SOFR

A/A

LCH

10/31/30

4,400,000

(

73,326

)

–

(

73,326

)

3.694%

1

Day

USD

SOFR

A/A

CME

04/30/31

14,425,000

(

352,383

)

–

(

352,383

)

3.350%

1

Day

USD

SOFR

A/A

CME

06/30/31

12,900,000

(

100,882

)

(

44,709

)

(

56,173

)

3.300%

1

Day

USD

SOFR

A/A

CME

07/02/31

17,800,000

(

87,563

)

(

180,170

)

92,607

3.100%

1

Day

USD

SOFR

A/A

CME

07/05/31

3,600,000

24,363

(

6,804

)

31,167

3.500%

1

Day

CAD

Overnight

Repo

S/S

LCH

06/01/32

CAD

28,300,000

(

1,043,459

)

(

312,009

)

(

731,450

)

1.750%

1

Day

USD

SOFR

A/A

CME

06/15/32

$

34,800,000

3,981,388

4,771,246

(

789,858

)

3.156%

1

Day

USD

SOFR

A/A

LCH

03/10/33

27,600,000

151,681

531,777

(

380,096

)

3.717%

1

Day

USD

SOFR

A/A

LCH

08/15/33

12,400,000

(

371,223

)

–

(

371,223

)

3.743%

1

Day

USD

SOFR

A/A

LCH

08/15/33

700,000

(

22,384

)

–

(

22,384

)

3.745%

1

Day

USD

SOFR

A/A

LCH

08/15/33

5,200,000

(

167,080

)

–

(

167,080

)

3.753%

1

Day

USD

SOFR

A/A

LCH

08/15/33

6,400,000

(

209,578

)

–

(

209,578

)

3.754%

1

Day

USD

SOFR

A/A

LCH

08/15/33

6,400,000

(

210,192

)

–

(

210,192

)

3.763%

1

Day

USD

SOFR

A/A

LCH

08/15/33

1,700,000

(

57,013

)

–

(

57,013

)

4.250%

1

Day

USD

SOFR

A/A

LCH

11/22/33

1,900,000

(

121,644

)

(

61,705

)

(

59,939

)

3.950%

1

Day

USD

SOFR

A/A

LCH

12/19/33

1,800,000

(

70,534

)

(

7,089

)

(

63,445

)

3.750%

1

Day

CAD

Overnight

Repo

S/S

LCH

12/20/33

CAD

6,200,000

(

341,178

)

(

126,480

)

(

214,698

)

3.854%

1

Day

USD

SOFR

A/A

LCH

12/29/33

$

1,900,000

(

59,536

)

(

7,656

)

(

51,880

)

3.684%

1

Day

USD

SOFR

A/A

LCH

01/03/34

900,000

(

15,118

)

(

3,869

)

(

11,249

)

3.679%

1

Day

USD

SOFR

A/A

LCH

08/13/34

400,000

(

11,213

)

(

1,454

)

(

9,759

)

3.569%

1

Day

USD

SOFR

A/A

LCH

08/14/34

1,600,000

(

29,831

)

(

5,224

)

(

24,607

)

3.565%

1

Day

USD

SOFR

A/A

LCH

08/28/34

1,700,000

(

32,399

)

(

6,074

)

(

26,325

)

3.240%

1

Day

USD

SOFR

A/A

LCH

09/16/34

900,000

6,812

(

4,104

)

10,916

3.278%

1

Day

USD

SOFR

A/A

LCH

09/16/34

1,800,000

7,877

(

7,893

)

15,770

3.750%

1

Day

USD

SOFR

A/A

LCH

12/18/34

14,450,000

(

561,718

)

(

83,442

)

(

478,276

)

4.095%

1

Day

USD

SOFR

A/A

LCH

02/18/35

6,200,000

(

426,093

)

–

(

426,093

)

0.750%

1

Day

JPY

TONAR

S/S

LCH

03/20/38

JPY

50,000,000

16,882

23,358

(

6,476

)

0.800%

1

Day

JPY

TONAR

S/S

LCH

10/22/38

189,800,000

60,373

88,485

(

28,112

)

1.750%

1

Day

USD

SOFR

A/A

CME

12/21/52

$

11,600,000

3,644,895

3,782,401

(

137,506

)

3.500%

1

Day

USD

SOFR

A/A

LCH

06/20/54

25,000,000

(

750,256

)

674,345

(

1,424,601

)

3.750%

1

Day

GBP

SONIA

A/A

LCH

09/18/54

GBP

1,200,000

10,751

(

24,718

)

35,469

3.500%

1

Day

USD

SOFR

A/A

LCH

12/18/54

$

4,800,000

(

192,057

)

114,656

(

306,713

)

2.250%

6

Month

EURIBOR

A/S

LCH

03/19/55

EUR

27,424,000

(

23,316

)

131,655

(

154,971

)

$

2,176,450

$

9,205,944

(

$

7,029,494

)

a

–

Total

Interest

Rate

Swaps

$

2,443,738

$

7,936,982

(

$

5,493,244

)

Total

Swap

Agreements

$

5,038,279

$

9,771,782

(

$

4,733,503

)

67

PACIFIC

SELECT

FUND

MANAGED

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(i)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

Energy

$

857,249

$

–

$

–

$

857,249

Financial

227,329

227,329

–

–

Total

Common

Stocks

1,084,578

227,329

–

857,249

Corporate

Bonds

&

Notes

839,265,902

–

838,183,964

1,081,938

Senior

Loan

Notes

895,500

–

895,500

–

Mortgage-Backed

Securities

1,512,512,598

–

1,512,512,598

–

Asset-Backed

Securities

267,434,899

–

267,434,899

–

U.S.

Government

Agency

Issues

34,571,004

–

34,571,004

–

U.S.

Treasury

Obligations

376,588,878

–

376,588,878

–

Foreign

Government

Bonds

&

Notes

73,182,731

–

73,182,731

–

Short-Term

Investments

22,000,354

–

22,000,354

–

Derivatives:

Credit

Contracts

Purchased

Options

16,157

–

16,157

–

Swaps

776,946

–

776,946

–

Total

Credit

Contracts

793,103

–

793,103

–

Foreign

Currency

Contracts

Forward

Foreign

Currency

Contracts

3,138,510

–

3,138,510

–

Purchased

Options

88,021

–

88,021

–

Total

Foreign

Currency

Contracts

3,226,531

–

3,226,531

–

Interest

Rate

Contracts

Futures

625,331

625,331

–

–

Purchased

Options

1,069,516

–

1,069,516

–

Swaps

2,580,035

–

2,580,035

–

Total

Interest

Rate

Contracts

4,274,882

625,331

3,649,551

–

Total

Asset

-

Derivatives

8,294,516

625,331

7,669,185

–

Total

Assets

3,135,830,960

852,660

3,133,039,113

1,939,187

a

Liabilities

Sale-Buyback

Financing

Transactions

(

159,208,227

)

–

(

159,208,227

)

–

Derivatives:

Credit

Contracts

Written

Options

(

12,812

)

–

(

12,812

)

–

Swaps

(

17,205

)

–

(

17,205

)

–

Total

Credit

Contracts

(

30,017

)

–

(

30,017

)

–

Foreign

Currency

Contracts

Forward

Foreign

Currency

Contracts

(

2,724,286

)

–

(

2,724,286

)

–

Interest

Rate

Contracts

Futures

(

671,113

)

(

671,113

)

–

–

Written

Options

(

918,672

)

–

(

918,672

)

–

Swaps

(

8,073,279

)

–

(

8,073,279

)

–

Total

Interest

Rate

Contracts

(

9,663,064

)

(

671,113

)

(

8,991,951

)

–

Total

Liabilities

-

Derivatives

(

12,417,367

)

(

671,113

)

(

11,746,254

)

–

Total

Liabilities

(

171,625,594

)

(

671,113

)

(

170,954,481

)

–

Total

$

2,964,205,366

$

181,547

$

2,962,084,632

$

1,939,187

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

68

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CORPORATE

BONDS

&

NOTES

-

46.0%

Basic

Materials

-

1.7%

Celanese

U.S.

Holdings

LLC

6.050%

due

03/15/25 

$

980,000

$

982,500

FMC

Corp.

3.200%

due

10/01/26 

545,000

532,439

LYB

International

Finance

III

LLC

1.250%

due

10/01/25 

1,263,000

1,221,339

MEGlobal

Canada

ULC

(Kuwait) 

5.000%

due

05/18/25 ~

3,600,000

3,598,540

Newmont

Corp./Newcrest

Finance

Pty.

Ltd.

5.300%

due

03/15/26 

445,000

451,040

Nutrien

Ltd.

(Canada) 

4.900%

due

03/27/28 

735,000

749,947

POSCO

(South

Korea) 

4.375%

due

08/04/25 ~

2,000,000

1,993,773

5.625%

due

01/17/26 ~

1,285,000

1,301,562

Sherwin-Williams

Co.

4.550%

due

03/01/28 

845,000

856,506

Steel

Dynamics,

Inc.

2.800%

due

12/15/24 

815,000

810,060

12,497,706

Communications

-

2.0%

AT&T,

Inc.

4.100%

due

02/15/28 

530,000

528,948

Charter

Communications

Operating

LLC/

Charter

Communications

Operating

Capital

4.908%

due

07/23/25 

1,676,000

1,673,713

6.150%

due

11/10/26 

310,000

318,709

Cox

Communications,

Inc.

3.350%

due

09/15/26 ~

360,000

352,683

3.500%

due

08/15/27 ~

435,000

424,976

Crown

Castle

Towers

LLC

4.241%

due

07/15/48 ~

1,040,000

1,019,912

KT

Corp.

(South

Korea) 

due

02/02/28 # ~

600,000

597,480

4.000%

due

08/08/25 ~

1,680,000

1,669,640

NBN

Co.

Ltd.

(Australia) 

1.450%

due

05/05/26 ~

2,805,000

2,685,137

Rogers

Communications,

Inc.

(Canada) 

3.200%

due

03/15/27 

2,095,000

2,040,930

5.000%

due

02/15/29 

1,300,000

1,327,029

T-Mobile

USA,

Inc.

2.250%

due

02/15/26 

770,000

749,231

Uber

Technologies,

Inc.

4.500%

due

08/15/29 ~

1,737,000

1,725,335

15,113,723

Consumer,

Cyclical

-

6.1%

Advance

Auto

Parts,

Inc.

5.900%

due

03/09/26 

1,745,000

1,763,756

American

Airlines

Pass-Through

Trust

Class B

3.700%

due

04/15/27 

645,115

636,006

Aptiv

PLC/Aptiv

Global

Financing

DAC

4.650%

due

09/13/29 

520,000

517,817

AutoZone,

Inc.

6.250%

due

11/01/28 

900,000

964,298

BMW

U.S.

Capital

LLC

(Germany) 

4.600%

due

08/13/27 ~

2,030,000

2,053,143

a

Principal

Amount

Value

Daimler

Truck

Finance

North

America

LLC

(Germany) 

1.625%

due

12/13/24 ~

$

1,490,000

$

1,478,572

5.000%

due

01/15/27 ~

305,000

309,671

5.150%

due

01/16/26 ~

465,000

469,170

Darden

Restaurants,

Inc.

due

10/15/27 #

1,055,000

1,054,778

Dollar

General

Corp.

3.875%

due

04/15/27 

389,000

383,961

4.125%

due

05/01/28 

1,329,000

1,311,854

4.625%

due

11/01/27 

645,000

647,708

5.200%

due

07/05/28 

839,000

857,272

Ford

Motor

Credit

Co.

LLC

5.125%

due

06/16/25 

1,465,000

1,464,770

5.125%

due

11/05/26 

735,000

738,827

5.800%

due

03/05/27 

1,275,000

1,298,556

General

Motors

Financial

Co.,

Inc.

2.900%

due

02/26/25 

3,215,000

3,188,677

5.400%

due

04/06/26 

855,000

865,709

5.400%

due

05/08/27 

540,000

551,573

5.550%

due

07/15/29 

465,000

479,692

Hasbro,

Inc.

3.000%

due

11/19/24 

2,565,000

2,556,336

Hyundai

Capital

America

5.250%

due

01/08/27 ~

460,000

468,277

5.500%

due

03/30/26 ~

760,000

771,637

5.600%

due

03/30/28 ~

1,255,000

1,297,040

6.250%

due

11/03/25 ~

630,000

641,832

Hyundai

Capital

Services,

Inc.

(South

Korea) 

2.125%

due

04/24/25 ~

670,000

660,227

Lowe's

Cos.,

Inc.

1.700%

due

09/15/28 

222,000

202,314

3.350%

due

04/01/27 

460,000

451,740

Marriott

International,

Inc.

3.125%

due

06/15/26 

1,365,000

1,339,468

3.750%

due

03/15/25 

265,000

263,368

5.450%

due

09/15/26 

400,000

410,030

Mattel,

Inc.

3.375%

due

04/01/26 ~

1,255,000

1,227,967

5.875%

due

12/15/27 ~

985,000

993,501

Ross

Stores,

Inc.

0.875%

due

04/15/26 

800,000

759,317

4.600%

due

04/15/25 

2,630,000

2,626,122

Starbucks

Corp.

3.500%

due

03/01/28 

461,000

453,055

4.000%

due

11/15/28 

323,000

322,089

Tapestry,

Inc.

7.000%

due

11/27/26 

260,000

269,100

7.050%

due

11/27/25 

185,000

188,734

VF

Corp.

2.400%

due

04/23/25 

2,443,000

2,402,449

2.800%

due

04/23/27 

1,270,000

1,204,831

Volkswagen

Group

of

America

Finance

LLC

(Germany) 

3.950%

due

06/06/25 ~

1,180,000

1,172,316

4.850%

due

08/15/27 ~

1,305,000

1,315,863

5.700%

due

09/12/26 ~

820,000

838,946

5.800%

due

09/12/25 ~

965,000

975,919

6.000%

due

11/16/26 ~

920,000

946,770

45,795,058

69

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Consumer,

Non-Cyclical

-

7.0%

Altria

Group,

Inc.

2.625%

due

09/16/26 

$

887,000

$

860,437

BAT

International

Finance

PLC

(United

Kingdom) 

1.668%

due

03/25/26 

1,575,000

1,513,830

4.448%

due

03/16/28 

1,850,000

1,851,705

Becton

Dickinson

&

Co.

3.734%

due

12/15/24 

603,000

601,131

4.693%

due

02/13/28 

2,345,000

2,375,985

Cardinal

Health,

Inc.

3.500%

due

11/15/24 

855,000

852,922

Centene

Corp.

4.625%

due

12/15/29 

765,000

749,139

CSL

Finance

PLC

(Australia) 

3.850%

due

04/27/27 ~

605,000

598,220

CVS

Health

Corp.

1.300%

due

08/21/27 

2,260,000

2,076,819

2.875%

due

06/01/26 

630,000

615,014

3.000%

due

08/15/26 

585,000

571,845

Element

Fleet

Management

Corp.

(Canada) 

5.643%

due

03/13/27 ~

890,000

912,873

ERAC

USA

Finance

LLC

4.600%

due

05/01/28 ~

1,655,000

1,676,669

5.000%

due

02/15/29 ~

645,000

665,045

HCA,

Inc.

3.125%

due

03/15/27 

1,690,000

1,642,841

5.375%

due

02/01/25 

1,005,000

1,005,425

Health

Care

Service

Corp.

A

Mutual

Legal

Reserve

Co.

1.500%

due

06/01/25 ~

2,550,000

2,495,894

5.200%

due

06/15/29 ~

615,000

634,358

Heineken

NV

(Netherlands) 

3.500%

due

01/29/28 ~

3,838,000

3,771,436

Highmark,

Inc.

1.450%

due

05/10/26 ~

450,000

427,013

HPHT

Finance

21

II

Ltd.

(Hong

Kong) 

1.500%

due

09/17/26 ~

3,450,000

3,262,423

Humana,

Inc.

1.350%

due

02/03/27 

810,000

757,153

5.750%

due

03/01/28 

510,000

532,013

Icon

Investments

Six

DAC

5.809%

due

05/08/27 

1,410,000

1,455,199

IQVIA,

Inc.

6.250%

due

02/01/29 

690,000

733,960

Kroger

Co.

2.650%

due

10/15/26 

769,000

746,571

3.700%

due

08/01/27 

194,000

191,781

4.600%

due

08/15/27 

348,000

351,056

PayPal

Holdings,

Inc.

2.850%

due

10/01/29 

1,559,000

1,466,707

PeaceHealth

Obligated

Group

1.375%

due

11/15/25 

340,000

327,427

Pelabuhan

Indonesia

Persero

PT

(Indonesia) 

4.875%

due

10/01/24 ~

3,750,000

3,750,000

Pernod

Ricard

SA

(France) 

3.250%

due

06/08/26 ~

1,590,000

1,566,310

Perrigo

Finance

Unlimited

Co.

3.900%

due

12/15/24 

1,298,000

1,294,506

Solventum

Corp.

5.450%

due

02/25/27 ~

1,885,000

1,924,178

a

Principal

Amount

Value

Stryker

Corp.

4.250%

due

09/11/29 

$

845,000

$

847,065

Utah

Acquisition

Sub,

Inc.

3.950%

due

06/15/26 

1,872,000

1,854,331

Viatris,

Inc.

2.300%

due

06/22/27 

1,209,000

1,139,512

Viterra

Finance

BV

(Netherlands) 

2.000%

due

04/21/26 ~

260,000

249,793

4.900%

due

04/21/27 ~

1,820,000

1,836,964

Zoetis,

Inc.

3.000%

due

09/12/27 

2,191,000

2,125,097

52,310,647

Energy

-

3.2%

Aker

BP

ASA

(Norway) 

2.000%

due

07/15/26 ~

470,000

450,248

Canadian

Natural

Resources

Ltd.

(Canada) 

2.050%

due

07/15/25 

2,660,000

2,603,248

Columbia

Pipelines

Holding

Co.

LLC

6.055%

due

08/15/26 ~

280,000

286,977

DCP

Midstream

Operating

LP

5.375%

due

07/15/25 

1,865,000

1,870,953

Enbridge,

Inc.

(Canada) 

2.500%

due

01/15/25 

1,835,000

1,821,463

5.900%

due

11/15/26 

450,000

464,842

6.000%

due

11/15/28 

440,000

467,472

Energy

Transfer

LP

2.900%

due

05/15/25 

430,000

424,762

5.250%

due

07/01/29 

675,000

695,739

6.050%

due

12/01/26 

2,130,000

2,206,324

Gray

Oak

Pipeline

LLC

2.600%

due

10/15/25 ~

800,000

780,412

Occidental

Petroleum

Corp.

5.000%

due

08/01/27 

680,000

689,892

5.200%

due

08/01/29 

485,000

493,413

5.875%

due

09/01/25 

1,060,000

1,065,377

ONEOK,

Inc.

4.250%

due

09/24/27 

1,485,000

1,486,700

5.550%

due

11/01/26 

1,095,000

1,120,152

Ovintiv,

Inc.

5.650%

due

05/15/25 

1,305,000

1,310,415

Sabine

Pass

Liquefaction

LLC

5.625%

due

03/01/25 

616,000

616,601

South

Bow

USA

Infrastructure

Holdings

LLC

(Canada) 

4.911%

due

09/01/27 ~

695,000

700,491

TransCanada

PipeLines

Ltd.

(Canada) 

6.203%

due

03/09/26 

1,780,000

1,781,756

Williams

Cos.,

Inc.

4.800%

due

11/15/29 

695,000

705,409

5.400%

due

03/02/26 

2,320,000

2,351,070

24,393,716

Financial

-

17.1%

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust

(Ireland) 

1.650%

due

10/29/24 

1,129,000

1,125,863

6.100%

due

01/15/27 

150,000

155,364

6.450%

due

04/15/27 

1,984,000

2,079,077

American

Express

Co.

5.043%

due

07/26/28 

745,000

761,322

American

Tower

Corp.

2.400%

due

03/15/25 

835,000

825,111

3.550%

due

07/15/27 

914,000

895,178

70

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Athene

Global

Funding

1.716%

due

01/07/25 ~

$

2,885,000

$

2,858,659

4.860%

due

08/27/26 ~

840,000

845,822

5.349%

due

07/09/27 ~

900,000

919,396

5.684%

due

02/23/26 ~

1,265,000

1,283,897

Avolon

Holdings

Funding

Ltd.

(Ireland) 

2.125%

due

02/21/26 ~

2,440,000

2,348,281

2.875%

due

02/15/25 ~

1,950,000

1,929,841

5.750%

due

03/01/29 ~

1,040,000

1,072,458

6.375%

due

05/04/28 ~

595,000

622,181

Banco

Santander

Mexico

SA

Institucion

de

Banca

Multiple

Grupo

Financiero

Santand

(Mexico) 

5.375%

due

04/17/25 ~

2,130,000

2,134,518

Banco

Santander

SA

(Spain) 

5.552%

due

03/14/28 

800,000

817,687

Bank

of

America

Corp.

1.734%

due

07/22/27 

935,000

892,948

3.384%

due

04/02/26 

1,790,000

1,775,961

5.080%

due

01/20/27 

965,000

973,098

Banque

Federative

du

Credit

Mutuel

SA

(France) 

0.998%

due

02/04/25 ~

1,160,000

1,144,235

4.935%

due

01/26/26 ~

905,000

912,164

Barclays

PLC

(United

Kingdom) 

5.304%

due

08/09/26 

1,040,000

1,043,942

7.325%

due

11/02/26 

1,195,000

1,226,578

BPCE

SA

(France) 

4.500%

due

03/15/25 ~

2,100,000

2,089,208

Brighthouse

Financial

Global

Funding

1.550%

due

05/24/26 ~

390,000

371,775

CaixaBank

SA

(Spain) 

6.684%

due

09/13/27 ~

1,495,000

1,555,284

Capital

One

Financial

Corp.

2.636%

due

03/03/26 

1,775,000

1,755,527

4.985%

due

07/24/26 

1,365,000

1,365,480

6.312%

due

06/08/29 

835,000

879,751

7.149%

due

10/29/27 

585,000

616,730

Charles

Schwab

Corp.

2.450%

due

03/03/27 

2,273,000

2,183,291

Citigroup,

Inc.

3.106%

due

04/08/26 

890,000

881,390

4.400%

due

06/10/25 

360,000

358,785

5.174%

due

02/13/30 

965,000

991,528

CNO

Global

Funding

1.650%

due

01/06/25 ~

1,995,000

1,974,310

1.750%

due

10/07/26 ~

2,580,000

2,445,439

Corebridge

Financial,

Inc.

3.500%

due

04/04/25 

1,105,000

1,096,913

Corebridge

Global

Funding

4.650%

due

08/20/27 ~

390,000

394,792

5.200%

due

01/12/29 ~

495,000

508,875

Crown

Castle,

Inc.

1.050%

due

07/15/26 

1,805,000

1,703,355

2.900%

due

03/15/27 

1,580,000

1,528,929

4.450%

due

02/15/26 

3,505,000

3,504,034

5.000%

due

01/11/28 

420,000

427,468

5.600%

due

06/01/29 

1,075,000

1,124,267

Danske

Bank

AS

(Denmark) 

due

10/02/30 # ~

720,000

719,426

5.427%

due

03/01/28 ~

855,000

876,677

6.259%

due

09/22/26 ~

650,000

660,365

a

Principal

Amount

Value

Discover

Financial

Services

3.950%

due

11/06/24 

$

470,000

$

469,337

Equitable

Financial

Life

Global

Funding

1.100%

due

11/12/24 ~

1,435,000

1,428,622

1.700%

due

11/12/26 ~

1,065,000

1,010,692

Fifth

Third

Bancorp

4.895%

due

09/06/30 

300,000

303,895

Fifth

Third

Bank

NA

5.852%

due

10/27/25 

3,235,000

3,236,155

First

American

Financial

Corp.

4.600%

due

11/15/24 

295,000

294,141

Goldman

Sachs

Group,

Inc.

3.500%

due

04/01/25 

1,470,000

1,461,088

4.482%

due

08/23/28 

875,000

879,779

5.700%

due

11/01/24 

610,000

610,268

HSBC

Holdings

PLC

(United

Kingdom) 

1.645%

due

04/18/26 

2,830,000

2,778,170

5.597%

due

05/17/28 

1,115,000

1,146,464

Huntington

National

Bank

5.699%

due

11/18/25 

815,000

815,095

Jackson

National

Life

Global

Funding

1.750%

due

01/12/25 ~

1,560,000

1,544,690

5.550%

due

07/02/27 ~

755,000

775,810

JPMorgan

Chase

&

Co.

2.083%

due

04/22/26 

2,540,000

2,499,956

4.080%

due

04/26/26 

1,720,000

1,711,718

4.979%

due

07/22/28 

835,000

851,415

5.040%

due

01/23/28 

830,000

843,986

6.098%

(SOFR

+

0.885%)

due

04/22/27 §

1,300,000

1,308,243

LeasePlan

Corp.

NV

(Netherlands) 

2.875%

due

10/24/24 ~

2,275,000

2,271,323

Lloyds

Banking

Group

PLC

(United

Kingdom) 

4.500%

due

11/04/24 

1,085,000

1,083,778

5.462%

due

01/05/28 

965,000

986,838

LPL

Holdings,

Inc.

5.700%

due

05/20/27 

1,154,000

1,179,768

6.750%

due

11/17/28 

540,000

580,985

Morgan

Stanley

1.164%

due

10/21/25 

1,425,000

1,422,130

2.630%

due

02/18/26 

1,650,000

1,634,569

6.138%

due

10/16/26 

1,220,000

1,239,450

Morgan

Stanley

Bank

NA

4.754%

due

04/21/26 

1,205,000

1,216,703

NatWest

Markets

PLC

(United

Kingdom) 

3.479%

due

03/22/25 ~

755,000

749,293

Northwestern

Mutual

Global

Funding

4.350%

due

09/15/27 ~

1,370,000

1,385,160

PNC

Financial

Services

Group,

Inc.

4.758%

due

01/26/27 

1,340,000

1,345,123

QNB

Finance

Ltd.

(Qatar) 

2.625%

due

05/12/25 ~

2,215,000

2,182,661

Realty

Income

Corp.

5.050%

due

01/13/26 

255,000

255,036

Reinsurance

Group

of

America,

Inc.

3.950%

due

09/15/26 

813,000

808,509

Santander

Holdings

USA,

Inc.

2.490%

due

01/06/28 

1,440,000

1,365,284

6.124%

due

05/31/27 

170,000

173,698

SBA

Tower

Trust

due

10/15/29 # ~

2,110,000

2,100,920

1.631%

due

05/15/51 ~

1,045,000

979,028

71

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

1.884%

due

07/15/50 ~

$

725,000

$

699,852

2.836%

due

01/15/50 ~

2,045,000

2,030,433

6.599%

due

11/15/52 ~

2,920,000

3,040,590

Societe

Generale

SA

(France) 

5.519%

due

01/19/28 ~

1,820,000

1,845,738

Standard

Chartered

PLC

(United

Kingdom) 

1.822%

due

11/23/25 ~

1,020,000

1,014,887

4.300%

due

02/19/27 ~

728,000

721,825

5.688%

due

05/14/28 ~

830,000

852,705

U.S.

Bancorp

4.548%

due

07/22/28 

1,275,000

1,285,291

5.727%

due

10/21/26 

935,000

946,912

UBS

Group

AG

(Switzerland) 

1.494%

due

08/10/27 ~

785,000

742,024

4.488%

due

05/12/26 ~

530,000

528,549

6.327%

due

12/22/27 ~

1,090,000

1,134,701

Wells

Fargo

&

Co.

2.188%

due

04/30/26 

1,315,000

1,293,829

3.908%

due

04/25/26 

1,815,000

1,803,806

4.540%

due

08/15/26 

1,670,000

1,667,491

Western

Union

Co.

2.850%

due

01/10/25 

3,345,000

3,321,600

128,517,193

Industrial

-

2.8%

Amcor

Flexibles

North

America,

Inc.

4.000%

due

05/17/25 

1,325,000

1,317,543

BAE

Systems

PLC

(United

Kingdom) 

5.000%

due

03/26/27 ~

970,000

985,899

Boeing

Co.

6.259%

due

05/01/27 ~

995,000

1,027,951

FedEx

Corp.

3.250%

due

04/01/26 

1,275,000

1,256,999

Fortive

Corp.

3.150%

due

06/15/26 

920,000

902,256

GATX

Corp.

3.250%

due

03/30/25 

1,513,000

1,498,372

3.250%

due

09/15/26 

699,000

684,209

3.850%

due

03/30/27 

377,000

371,896

5.400%

due

03/15/27 

544,000

558,543

GTP

Acquisition

Partners

I

LLC

Class A

3.482%

due

06/15/50 ~

7,175,000

7,095,632

Mohawk

Industries,

Inc.

5.850%

due

09/18/28 

755,000

796,595

Owens

Corning

3.400%

due

08/15/26 

544,000

536,184

5.500%

due

06/15/27 

725,000

748,754

Penske

Truck

Leasing

Co.

LP/PTL

Finance

Corp.

5.350%

due

01/12/27 ~

445,000

453,640

5.750%

due

05/24/26 ~

1,390,000

1,415,875

Regal

Rexnord

Corp.

6.050%

due

02/15/26 

1,680,000

1,706,632

21,356,980

Technology

-

2.5%

Atlassian

Corp.

5.250%

due

05/15/29 

450,000

465,477

Cadence

Design

Systems,

Inc.

4.200%

due

09/10/27 

535,000

537,755

CDW

LLC/CDW

Finance

Corp.

5.100%

due

03/01/30 

335,000

339,812

Fiserv,

Inc.

5.150%

due

03/15/27 

1,045,000

1,068,701

a

Principal

Amount

Value

Fortinet,

Inc.

1.000%

due

03/15/26 

$

1,240,000

$

1,182,737

Foundry

JV

Holdco

LLC

5.900%

due

01/25/30 ~

265,000

274,467

Hewlett

Packard

Enterprise

Co.

4.450%

due

09/25/26 

1,220,000

1,223,091

Intel

Corp.

3.750%

due

08/05/27 

620,000

607,905

4.000%

due

08/05/29 

740,000

722,893

4.875%

due

02/10/28 

230,000

232,471

Micron

Technology,

Inc.

4.185%

due

02/15/27 

225,000

224,440

4.975%

due

02/06/26 

195,000

196,342

5.375%

due

04/15/28 

1,620,000

1,669,692

NXP

BV/NXP

Funding

LLC/NXP

USA,

Inc.

(China) 

3.875%

due

06/18/26 

980,000

972,199

4.400%

due

06/01/27 

235,000

235,724

Qorvo,

Inc.

1.750%

due

12/15/24 

925,000

918,440

Take-Two

Interactive

Software,

Inc.

3.550%

due

04/14/25 

620,000

615,360

5.000%

due

03/28/26 

1,730,000

1,747,022

Western

Digital

Corp.

4.750%

due

02/15/26 

4,785,000

4,762,772

Workday,

Inc.

3.500%

due

04/01/27 

815,000

802,348

18,799,648

Utilities

-

3.6%

AES

Corp.

3.300%

due

07/15/25 ~

1,430,000

1,410,170

American

Electric

Power

Co.,

Inc.

5.200%

due

01/15/29 

1,560,000

1,610,410

Appalachian

Power

Co.

3.300%

due

06/01/27 

1,788,000

1,745,861

Constellation

Energy

Generation

LLC

5.600%

due

03/01/28 

890,000

929,274

DTE

Energy

Co.

4.220%

due

11/01/24 

1,450,000

1,448,751

4.950%

due

07/01/27 

625,000

635,677

Enel

Finance

International

NV

(Italy) 

1.625%

due

07/12/26 ~

2,210,000

2,104,093

Engie

SA

(France) 

5.250%

due

04/10/29 ~

350,000

362,336

FirstEnergy

Corp.

3.900%

due

07/15/27 

855,000

846,704

FirstEnergy

Transmission

LLC

4.550%

due

01/15/30 ~

295,000

297,705

NextEra

Energy

Capital

Holdings,

Inc.

1.875%

due

01/15/27 

1,140,000

1,082,807

4.450%

due

06/20/25 

1,300,000

1,298,665

5.749%

due

09/01/25 

830,000

838,636

6.051%

due

03/01/25 

620,000

622,683

NiSource,

Inc.

5.250%

due

03/30/28 

260,000

267,906

Pacific

Gas

&

Electric

Co.

3.500%

due

06/15/25 

1,815,000

1,795,249

Sempra

3.300%

due

04/01/25 

995,000

986,586

5.400%

due

08/01/26 

980,000

998,739

Southern

California

Gas

Co.

2.950%

due

04/15/27 

570,000

554,931

72

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Southern

Co.

5.113%

due

08/01/27 

$

735,000

$

752,268

Tenaga

Nasional

Bhd.

(Malaysia) 

7.500%

due

11/01/25 ~

1,200,000

1,235,509

Terraform

Global

Operating

LP

6.125%

due

03/01/26 ~

4,135,000

4,142,079

Vistra

Operations

Co.

LLC

5.125%

due

05/13/25 ~

830,000

828,911

26,795,950

Total

Corporate

Bonds

&

Notes

    (Cost

$341,509,496)

345,580,621

MORTGAGE-BACKED

SECURITIES

-

11.6%

Collateralized

Mortgage

Obligations

-

Commercial

-

3.7%

Bank

2.263%

due

08/15/61 

70,553

65,761

5.523%

due

06/15/57 

265,543

272,554

Bank5

6.378%

due

08/15/57 §

305,000

322,068

BCP

Trust

6.010%

(SOFR

+

0.913%)

due

06/15/38 ~ §

1,045,000

971,589

BPR

Trust

6.361%

(SOFR

+

1.264%)

due

09/15/38 ~ §

1,585,000

1,554,958

BSREP

Commercial

Mortgage

Trust

7.111%

(SOFR

+

2.014%)

due

08/15/38 ~ §

663,394

499,640

BX

Trust

6.491%

(SOFR

+

1.394%)

due

06/15/36 ~ §

935,000

917,490

COMM

Mortgage

Trust

3.244%

due

10/10/29 ~

220,000

214,244

3.759%

due

08/10/48 

260,000

257,355

4.054%

due

02/10/47 §

903,660

874,730

4.343%

due

10/10/29 ~ §

1,893,000

1,731,622

4.722%

due

08/10/47 ~ §

358,557

335,514

Federal

Home

Loan

Mortgage

Corp.

Multifamily

Structured

Pass-Through

Certificates

4.600%

due

06/25/30 

1,647,124

1,682,349

GS

Mortgage

Securities

Corp.

Trust

6.961%

(SOFR

+

1.864%)

due

05/15/26 ~ §

1,440,000

1,138,817

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

7.231%

(SOFR

+

2.134%)

due

10/15/33 ~ §

2,345,000

2,197,176

7.311%

(SOFR

+

2.214%)

due

09/15/29 ~ §

1,025,000

857,029

7.631%

(SOFR

+

2.534%)

due

10/15/33 ~ §

1,890,000

1,683,012

KIND

Trust

6.964%

(SOFR

+

1.864%)

due

08/15/38 ~ §

2,048,180

2,007,651

LSTAR

Commercial

Mortgage

Trust

2.809%

due

03/10/49 ~

1,260,000

1,239,846

MED

Commercial

Mortgage

Trust

6.688%

(SOFR

+

1.592%)

due

05/15/41 ~ §

400,000

399,188

a

Principal

Amount

Value

ONE

Mortgage

Trust

6.161%

(SOFR

+

1.064%)

due

03/15/36 ~ §

$

2,945,000

$

2,836,313

6.311%

(SOFR

+

1.214%)

due

03/15/36 ~ §

1,580,000

1,511,608

RLGH

Trust

6.011%

(SOFR

+

0.914%)

due

04/15/36 ~ §

1,370,000

1,359,261

SDR

Commercial

Mortgage

Trust

6.838%

(SOFR

+

1.741%)

due

05/15/39 ~ §

1,125,000

1,117,725

TX

Trust

7.187%

(SOFR

+

2.091%)

due

06/15/39 ~ §

1,500,000

1,490,940

27,538,440

Collateralized

Mortgage

Obligations

-

Residential

-

2.5%

Angel

Oak

Mortgage

Trust

0.985%

due

04/25/66 ~ §

826,979

707,905

2.872%

due

04/25/65 ~ §

151,769

144,367

5.341%

due

09/25/69 ~ §

573,000

575,811

BINOM

Securitization

Trust

2.625%

due

06/25/56 ~ §

518,075

459,993

BRAVO

Residential

Funding

Trust

1.699%

due

04/25/60 ~ §

732,413

677,482

CIM

Trust

2.500%

due

04/25/50 ~ §

1,134,760

968,796

COLT

Mortgage

Loan

Trust

1.167%

due

06/25/66 ~ §

806,289

696,626

1.506%

due

04/27/65 ~ §

78,862

75,995

Cross

Mortgage

Trust

5.383%

due

09/25/69 ~ §

595,000

596,759

Deephaven

Residential

Mortgage

Trust

0.973%

due

05/25/65 ~ §

161,401

152,493

1.260%

due

04/25/66 ~ §

344,834

307,365

EFMT

5.035%

due

10/25/69 ~ §

895,000

896,140

5.289%

due

10/25/69 ~ §

310,000

310,787

Ellington

Financial

Mortgage

Trust

3.046%

due

11/25/59 ~ §

135,798

131,493

Federal

Home

Loan

Mortgage

Corp.

REMICS

7.000%

due

09/15/30 

50,547

51,641

Federal

Home

Loan

Mortgage

Corp.

Whole

Loan

Securities

Trust

3.860%

due

05/25/47 ~ §

91,159

89,156

Flagstar

Mortgage

Trust

4.000%

due

09/25/48 ~ §

126,867

124,503

5.819%

(SOFR

+

0.964%)

due

03/25/50 ~ §

349,888

331,095

Galton

Funding

Mortgage

Trust

2.832%

due

01/25/60 ~ §

1,085,000

932,203

3.339%

due

10/25/59 ~ §

680,000

653,859

3.500%

due

11/25/57 ~ §

168,744

156,249

4.000%

due

02/25/59 ~ §

69,592

67,094

4.500%

due

02/25/59 ~ §

95,215

93,912

GS

Mortgage-Backed

Securities

Trust

5.821%

due

07/25/44 ~ §

11,540

11,438

JP

Morgan

Mortgage

Trust

3.000%

due

10/25/50 ~ §

376,972

334,300

3.500%

due

08/25/50 ~ §

240,623

220,813

MFA

Trust

0.852%

due

01/25/56 ~ §

266,263

254,548

73

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

OBX

Trust

3.000%

due

01/25/60

-

05/25/60

~ §

$

1,322,311

$

1,176,621

3.500%

due

12/25/49

-

02/25/60

~ §

648,608

591,241

5.719%

(SOFR

+

0.864%)

due

02/25/60 ~ §

226,646

219,534

5.869%

(SOFR

+

1.014%)

due

10/25/59 ~ §

65,120

65,176

5.919%

(SOFR

+

1.064%)

due

02/25/60 ~ §

370,611

356,229

6.592%

(SOFR

+

1.314%)

due

06/25/59 ~ §

91,441

90,294

Sequoia

Mortgage

Trust

4.000%

due

06/25/48

-

08/25/48

~ §

227,565

218,125

4.500%

due

08/25/48 ~ §

9,016

8,944

SG

Residential

Mortgage

Trust

1.381%

due

05/25/65 ~ §

299,770

271,963

Starwood

Mortgage

Residential

Trust

0.943%

due

05/25/65 ~ §

587,705

548,339

2.408%

due

02/25/50 ~ §

565,740

541,634

Towd

Point

Mortgage

Trust

6.469%

(SOFR

+

1.614%)

due

10/25/59 ~ §

320,000

326,793

TRK

Trust

1.409%

due

07/25/56 ~ §

318,801

282,750

Verus

Securitization

Trust

0.918%

due

02/25/64 ~ §

523,503

480,299

1.031%

due

02/25/66 ~ §

471,783

426,791

1.052%

due

01/25/66 ~ §

369,961

333,975

1.155%

due

01/25/66 ~ §

220,282

198,670

1.373%

due

09/25/66 ~ §

645,836

558,494

3.226%

due

05/25/60 ~ §

26,691

26,593

3.913%

due

07/25/59 ~ §

107,845

106,894

4.117%

due

07/25/59 ~ §

144,944

143,654

6.664%

due

12/25/68 ~ §

264,441

268,885

Vista

Point

Securitization

Trust

2.496%

due

04/25/65 ~ §

155,736

149,308

Wells

Fargo

Mortgage-Backed

Securities

Trust

2.500%

due

09/25/51 ~ §

1,455,105

1,305,283

18,719,312

Federal

Home

Loan

Mortgage

Corp.

-

1.3%

1.500%

due

02/01/36 

435,261

391,387

2.500%

due

01/01/52 

1,460,409

1,276,683

4.000%

due

12/01/49 

224,070

218,036

4.500%

due

05/01/50

-

10/01/52

6,993,089

6,880,637

5.000%

due

12/01/41 

396,871

409,000

5.500%

due

07/01/38

-

06/01/41

220,073

226,756

6.076%

(UST

+

1.951%)

due

02/01/35 §

49,543

50,318

6.269%

(UST

+

2.179%)

due

09/01/35 §

79,439

81,269

6.737%

(UST

+

2.250%)

due

08/01/35 §

119,363

124,236

7.000%

due

03/01/39 

117,734

124,291

7.500%

due

06/01/38 

99,768

105,528

9,888,141

Federal

National

Mortgage

Association

-

3.0%

2.000%

due

10/01/50 

612,795

511,124

2.500%

due

01/01/52 

1,396,218

1,217,343

3.000%

due

09/01/28

-

12/01/34

727,729

709,310

3.500%

due

01/01/44

-

01/01/52

1,369,420

1,295,934

4.000%

due

03/01/41

-

09/01/52

2,818,484

2,712,912

a

Principal

Amount

Value

4.500%

due

05/01/41

-

01/01/50

$

1,847,896

$

1,851,579

5.000%

due

06/01/40

-

10/01/53

9,603,506

9,619,679

5.500%

due

01/01/36

-

03/01/54

3,333,320

3,400,961

5.965%

(RFUCC

+

1.504%)

due

02/01/33 §

13,572

13,676

6.000%

due

03/01/37

-

10/01/40

1,003,396

1,053,627

6.230%

(RFUCC

+

1.605%)

due

04/01/33 §

15,316

15,495

6.400%

(UST

+

2.215%)

due

02/01/33 §

30,501

31,059

6.500%

due

05/01/33 

191,227

197,931

7.000%

due

06/01/33 

109,656

113,339

7.005%

(UST

+

2.258%)

due

06/01/35 §

58,308

60,324

7.211%

(RFUCC

+

1.549%)

due

01/01/35 §

1,712

1,742

7.341%

(UST

+

2.252%)

due

06/01/33 §

155,480

160,976

22,967,011

Government

National

Mortgage

Association

-

1.1%

3.000%

due

09/20/47 

2,113,019

1,946,356

3.500%

due

07/20/52 

2,443,264

2,295,971

3.625%

(UST

+

1.500%)

due

09/20/34 §

211,758

213,983

4.000%

due

10/20/50 

542,087

529,589

4.625%

(UST

+

1.500%)

due

01/20/35 §

318,200

320,728

5.000%

due

12/20/34

-

05/20/48

1,125,402

1,149,561

5.500%

due

09/15/45

-

10/20/54

1,348,346

1,382,028

6.000%

due

07/15/36 

130,427

136,829

7,975,045

Total

Mortgage-Backed

Securities

    (Cost

$90,900,779)

87,087,949

ASSET-BACKED

SECURITIES

-

20.8%

Automobile

Other

-

4.9%

Ally

Auto

Receivables

Trust

6.010%

due

01/17/34 ~

445,955

448,707

Ally

Bank

Auto

Credit-Linked

Notes

5.827%

due

05/17/32 ~

217,942

220,873

6.022%

due

05/17/32 ~

231,019

234,149

AmeriCredit

Automobile

Receivables

Trust

0.890%

due

10/19/26 

1,286,264

1,267,585

Bayview

Opportunity

Master

Fund

VII

LLC

6.380%

(SOFR

+

1.100%)

due

12/26/31 ~ §

941,955

943,854

Carmax

Auto

Owner

Trust

5.670%

due

01/15/31 

265,000

270,702

CarMax

Auto

Owner

Trust

5.470%

due

08/15/29 

1,375,000

1,407,594

5.470%

due

02/15/29 

555,000

569,537

5.610%

due

02/15/29 

1,695,000

1,738,589

6.440%

due

12/16/30 

1,160,000

1,202,466

6.580%

due

05/15/29 

1,845,000

1,941,552

Carvana

Auto

Receivables

Trust

5.670%

due

09/10/30 ~

1,135,000

1,161,535

Exeter

Automobile

Receivables

Trust

2.560%

due

06/15/28 

175,108

174,125

5.480%

due

08/15/30 

885,000

898,868

5.980%

due

12/15/28 

945,000

954,260

74

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

6.510%

due

12/15/27 

$

2,940,000

$

2,962,708

Ford

Credit

Auto

Lease

Trust

6.200%

due

02/15/27 

755,000

771,154

6.430%

due

04/15/27 

1,425,000

1,462,687

Ford

Credit

Auto

Owner

Trust

1.740%

due

04/15/33 ~

695,000

671,123

Ford

Credit

Floorplan

Master

Owner

Trust

A

5.750%

due

05/15/28 ~

1,485,000

1,506,989

6.620%

due

05/15/28 ~

1,765,000

1,801,283

GM

Financial

Automobile

Leasing

Trust

5.130%

due

08/20/26 

2,425,000

2,423,345

GM

Financial

Consumer

Automobile

Receivables

Trust

5.030%

due

09/18/28 

520,000

528,150

Huntington

Bank

Auto

Credit-Linked

Notes

6.153%

due

05/20/32 ~

1,600,574

1,627,558

Navistar

Financial

Dealer

Note

Master

Owner

Trust

5.790%

due

04/25/29 ~

140,000

142,365

6.130%

due

04/25/29 ~

220,000

223,698

Octane

Receivables

Trust

6.740%

due

08/20/29 ~

225,000

233,846

Santander

Bank

Auto

Credit-Linked

Notes

1.833%

due

12/15/31 ~

25,222

25,132

5.916%

due

08/16/32 ~

84,163

84,215

6.451%

due

12/15/32 ~

694,686

698,623

Santander

Drive

Auto

Receivables

Trust

4.030%

due

03/15/29 ~

3,500,000

3,455,472

5.240%

due

05/15/28 

1,650,000

1,659,884

SFS

Auto

Receivables

Securitization

Trust

5.510%

due

01/20/32 ~

260,000

267,342

U.S.

Bank

NA

6.789%

due

08/25/32 ~

158,186

160,604

World

Omni

Auto

Receivables

Trust

2.550%

due

09/15/28 

1,105,000

1,072,330

World

Omni

Select

Auto

Trust

5.870%

due

08/15/28 

1,200,000

1,221,526

36,434,430

Automobile

Sequential

-

1.5%

ARI

Fleet

Lease

Trust

5.540%

due

04/15/33 ~

1,290,000

1,305,679

Carmax

Auto

Owner

Trust

4.850%

due

01/15/30 

205,000

208,883

CarMax

Auto

Owner

Trust

4.940%

due

08/15/29 

715,000

730,699

Enterprise

Fleet

Financing

LLC

4.980%

due

08/21/28 ~

310,000

315,791

5.060%

due

03/20/31 ~

210,000

215,164

5.560%

due

04/22/30 ~

1,291,904

1,304,689

Navistar

Financial

Dealer

Note

Master

Owner

Trust

5.590%

due

04/25/29 ~

255,000

259,330

Octane

Receivables

Trust

5.870%

due

05/21/29 ~

503,445

506,233

Santander

Bank

Auto

Credit-Linked

Notes

5.644%

due

12/15/33 ~

437,802

445,497

6.024%

due

12/15/32 ~

262,918

267,600

SBNA

Auto

Lease

Trust

5.550%

due

12/20/28 ~

1,525,000

1,562,601

SFS

Auto

Receivables

Securitization

Trust

5.260%

due

08/20/30 ~

410,000

423,436

a

Principal

Amount

Value

Wheels

Fleet

Lease

Funding

1

LLC

6.460%

due

08/18/38 ~

$

3,653,680

$

3,698,270

11,243,872

Home

Equity

Other

-

0.1%

Finance

of

America

HECM

Buyout

4.000%

due

08/01/32 ~ §

875,995

870,737

Other

Asset-Backed

Securities

-

14.3%

Amur

Equipment

Finance

Receivables

X

LLC

5.020%

due

12/20/28 ~

785,000

782,981

Apidos

CLO

XVIII

(Cayman)

6.432%

(SOFR

+

1.150%)

due

10/22/30 ~ §

2,736,042

2,738,778

Auxilior

Term

Funding

LLC

5.490%

due

07/15/31 ~

510,000

524,283

6.180%

due

12/15/28 ~

2,435,939

2,460,247

Ballyrock

CLO

15

Ltd.

(Cayman)

6.623%

(SOFR

+

1.322%)

due

04/15/34 ~ §

1,215,000

1,215,547

BlueMountain

CLO

Ltd.

(Cayman)

6.318%

(SOFR

+

1.200%)

due

11/15/30 ~ §

3,830,988

3,835,080

BRE

Grand

Islander

Timeshare

Issuer

LLC

3.280%

due

09/26/33 ~

491,394

481,392

Cedar

Funding

XIV

CLO

Ltd.

(Cayman)

6.663%

(SOFR

+

1.362%)

due

07/15/33 ~ §

2,230,000

2,231,740

CNH

Equipment

Trust

5.230%

due

11/17/31 

610,000

632,422

CyrusOne

Data

Centers

Issuer

I

LLC

4.500%

due

05/20/49 ~

2,464,000

2,401,263

4.760%

due

03/22/49 ~

510,000

496,043

DLLAA

LLC

5.640%

due

02/22/28 ~

2,165,000

2,217,615

DLLST

LLC

4.930%

due

04/22/30 ~

180,000

182,563

5.050%

due

08/20/27 ~

665,000

670,955

Driven

Brands

Funding

LLC

3.981%

due

10/20/49 ~

933,450

912,602

Elara

HGV

Timeshare

Issuer

LLC

2.610%

due

01/25/34 ~

875,008

851,775

7.300%

due

02/25/38 ~

948,668

984,922

FirstKey

Homes

Trust

1.567%

due

10/19/37 ~

843,000

814,696

1.740%

due

08/17/37 ~

2,170,000

2,107,352

1.968%

due

10/19/37 ~

5,395,000

5,203,214

2.241%

due

08/17/37 ~

3,355,000

3,258,326

FOCUS

Brands

Funding

LLC

5.093%

due

04/30/47 ~

978,513

975,933

Fortress

Credit

BSL

XV

Ltd.

(Jersey)

6.679%

(SOFR

+

1.400%)

due

10/18/33 ~ §

3,245,000

3,251,372

Hardee's

Funding

LLC

2.865%

due

06/20/51 ~

812,700

728,112

3.981%

due

12/20/50 ~

1,694,000

1,594,901

5.710%

due

06/20/48 ~

1,692,000

1,667,886

Hilton

Grand

Vacations

Trust

2.740%

due

02/25/39 ~

412,418

400,837

3.610%

due

06/20/34 ~

508,097

499,201

HPEFS

Equipment

Trust

1.290%

due

03/20/29 ~

1,188,306

1,185,719

5.350%

due

10/20/31 ~

235,000

240,359

75

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

5.820%

due

04/20/32 ~

$

580,000

$

596,913

6.480%

due

01/21/31 ~

635,000

649,978

6.970%

due

07/21/31 ~

630,000

650,975

Madison

Park

Funding

XXIII

Ltd.

(Cayman)

6.495%

(SOFR

+

1.232%)

due

07/27/31 ~ §

2,105,116

2,116,408

Madison

Park

Funding

XXIV

Ltd.

(Cayman)

7.332%

(SOFR

+

2.050%)

due

10/20/29 ~ §

1,205,000

1,208,309

Madison

Park

Funding

XXIX

Ltd.

(Cayman)

7.079%

(SOFR

+

1.800%)

due

10/18/30 ~ §

4,675,000

4,684,970

Marathon

Static

CLO

Ltd.

(Cayman)

6.432%

(SOFR

+

1.150%)

due

07/20/30 ~ §

3,421,735

3,427,472

Marble

Point

CLO

XII

Ltd.

(Cayman)

6.558%

(SOFR

+

1.272%)

due

07/16/31 ~ §

1,192,815

1,193,709

MidOcean

Credit

CLO

VI

(Cayman)

6.512%

(SOFR

+

1.230%)

due

04/20/33 ~ §

925,000

925,685

MidOcean

Credit

CLO

XI

Ltd.

(Cayman)

7.009%

(SOFR

+

1.730%)

due

10/18/33 ~ §

1,480,000

1,483,598

7.929%

(SOFR

+

2.650%)

due

10/18/33 ~ §

2,220,000

2,229,647

MVW

LLC

2.230%

due

05/20/39 ~

193,963

182,388

2.730%

due

10/20/37 ~

173,106

167,505

MVW

Owner

Trust

2.890%

due

11/20/36 ~

443,093

437,697

Navient

Private

Education

Loan

Trust

2.460%

due

11/15/68 ~

698,809

674,324

Navient

Private

Education

Refi

Loan

Trust

1.170%

due

09/16/69 ~

342,243

317,399

1.220%

due

07/15/69 ~

279,536

261,268

1.310%

due

01/15/69 ~

151,173

141,741

1.690%

due

05/15/69 ~

503,393

473,769

2.400%

due

10/15/68 ~

377,091

363,194

2.640%

due

05/15/68 ~

674,648

653,306

3.420%

due

01/15/43 ~

719,208

710,143

Nelnet

Student

Loan

Trust

1.320%

due

04/20/62 ~

673,295

624,197

Neuberger

Berman

Loan

Advisers

CLO

26

Ltd.

(Cayman)

6.941%

(SOFR

+

1.662%)

due

10/18/30 ~ §

955,000

955,760

Northwoods

Capital

XIV-B

Ltd.

(Cayman)

6.363%

(SOFR

+

1.250%)

due

11/13/31 ~ §

1,193,410

1,195,349

Oaktree

CLO

Ltd.

(Cayman)

6.851%

(SOFR

+

1.550%)

due

07/15/33 ~ §

3,785,000

3,789,232

Rockford

Tower

CLO

Ltd.

(Cayman)

due

08/20/32 # ~ §

1,300,000

1,300,000

Romark

CLO

II

Ltd.

(Cayman)

6.935%

(SOFR

+

1.650%)

due

07/25/31 ~ §

3,015,000

3,021,000

SEB

Funding

LLC

7.386%

due

04/30/54 ~

1,100,000

1,136,048

Sierra

Timeshare

Receivables

Funding

LLC

1.800%

due

09/20/38 ~

744,073

714,475

3.510%

due

07/20/37 ~

167,018

164,634

a

Principal

Amount

Value

SMB

Private

Education

Loan

Trust

1.290%

due

07/15/53 ~

$

916,313

$

854,996

5.931%

(SOFR

+

0.834%)

due

01/15/37 ~ §

918,096

915,353

Symphony

CLO

XXIII

Ltd.

(Cayman)

6.583%

(SOFR

+

1.282%)

due

01/15/34 ~ §

3,147,907

3,151,842

Symphony

CLO

XXVI

Ltd.

(Cayman)

6.624%

(SOFR

+

1.342%)

due

04/20/33 ~ §

1,041,305

1,042,867

Symphony

Static

CLO

I

Ltd.

(Cayman)

6.996%

(SOFR

+

1.712%)

due

10/25/29 ~ §

2,825,000

2,813,550

THL

Credit

Wind

River

CLO

Ltd.

(Cayman)

6.482%

(SOFR

+

1.200%)

due

10/20/30 ~ §

4,256,934

4,259,336

6.501%

(SOFR

+

1.200%)

due

07/15/30 ~ §

250,000

250,181

Tricon

Residential

Trust

4.750%

due

06/17/40 ~

784,512

786,406

6.000%

due

06/17/40 ~

1,435,000

1,453,125

Trinitas

CLO

IX

Ltd.

(Cayman)

6.464%

(SOFR

+

1.200%)

due

01/20/32 ~ §

1,405,000

1,406,074

Trinitas

CLO

VI

Ltd.

(Cayman)

6.615%

(SOFR

+

1.330%)

due

01/25/34 ~ §

3,245,000

3,252,468

Verdant

Receivables

LLC

5.680%

due

12/12/31 ~

355,000

363,612

6.240%

due

01/13/31 ~

2,046,010

2,088,991

Voya

CLO

Ltd.

(Cayman)

7.101%

(SOFR

+

1.800%)

due

10/15/31 ~ §

2,715,000

2,725,558

107,363,568

Total

Asset-Backed

Securities

    (Cost

$153,778,824)

155,912,607

U.S.

TREASURY

OBLIGATIONS

-

18.7%

U.S.

Treasury

Notes

-

18.7%

3.500%

due

09/30/26 

9,560,000

9,533,673

3.750%

due

08/31/26 

34,665,000

34,717,810

3.750%

due

08/15/27 

5,590,000

5,617,295

4.375%

due

07/31/26 ‡

34,185,000

34,600,294

4.625%

due

06/30/26 

33,925,000

34,450,440

4.875%

due

05/31/26 

20,830,000

21,215,274

140,134,786

Total

U.S.

Treasury

Obligations

    (Cost

$139,031,206)

140,134,786

FOREIGN

GOVERNMENT

BONDS

&

NOTES

-

0.2%

Korea

Hydro

&

Nuclear

Power

Co.

Ltd.

(South

Korea)

1.250%

due

04/27/26 ~

1,790,000

1,707,563

Total

Foreign

Government

Bonds

&

Notes

    (Cost

$1,786,694)

1,707,563

76

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

3.3%

Commercial

Paper

-

1.7%

Brunswick

Corp.

5.234%

due

10/04/24 

$

1,890,000

$

1,888,947

Conagra

Brands,

Inc.

5.402%

due

10/15/24 

2,170,000

2,165,326

Crown

Castle,

Inc.

5.481%

due

10/24/24 

2,170,000

2,162,420

Jabil,

Inc.

5.821%

due

10/04/24 

2,175,000

2,173,655

Targa

Resources

Corp.

5.530%

due

10/03/24 

2,170,000

2,169,043

VF

Corp.

5.090%

due

11/13/24 

2,170,000

2,157,088

12,716,479

Repurchase

Agreements

-

1.6%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$12,101,604;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$12,342,295)

12,100,108

12,100,108

a

Total

Short-Term

Investments

(Cost

$24,816,045)

24,816,587

TOTAL

INVESTMENTS

-

100.6%

(Cost

$751,823,044)

755,240,113

DERIVATIVES

-

0.1%

432,409

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.7%)

(

4,952,639

)

NET

ASSETS

-

100.0%

$

750,719,883

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CBOT

2

Year

U.S.

Treasury

Notes

12/24

1,112

$

231,120,063

$

231,565,313

$

445,250

CBOT

5

Year

U.S.

Treasury

Notes

12/24

25

2,743,004

2,747,070

4,066

$

449,316

Short

Futures

Outstanding

CBOT

10

Year

U.S.

Treasury

Notes

12/24

266

30,369,342

30,398,813

(

29,471

)

CBOT

Ultra

10

Year

U.S.

Treasury

Notes

12/24

63

7,456,551

7,452,703

3,848

CME

Ultra

Long

Term

U.S.

Treasury

Bond

12/24

18

2,405,302

2,395,687

9,615

(

$

16,008

)

Total

Futures

Contracts

$

433,308

77

PACIFIC

SELECT

FUND

SHORT

DURATION

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(b)

As

of

September

30,

2024,

swap

agreements

outstanding

were

as

follows:

(c)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Credit

Default

Swaps

on

Credit

Indices

-

Sell

Protection

(1)

Referenced

Obligation

Payment

Frequency

Fixed

Deal

Receive

Rate

Expiration

Date

Exchange

Notional

Amount

(2)

Value

(3)

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

CDX.NA.IG.S43

Q

1.000%

12/20/29

ICE

$

10,852,000

$

245,938

$

246,837

(

$

899

)

a

(1)

If

the

Fund

is

a

seller

of

protection

and

a

credit

event

occurs,

as

defined

under

the

terms

of

that

particular

swap

agreement,

the

Fund

will

either

(i)

pay

to

the

buyer

of

protection

an

amount

equal

to

the

notional

amount

of

the

swap

and

take

delivery

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index

or

(ii)

pay

a

net

settlement

amount

in

the

form

of

cash

or

investments

equal

to

the

notional

amount

of

the

swap

less

the

recovery

value

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index.

(2)

The

maximum

potential

amount

the

Fund

could

be

required

to

pay

as

a

seller

of

credit

protection

or

receive

as

a

buyer

of

credit

protection

if

a

credit

event

occurs

as

defined

under

the

terms

of

that

particular

swap

agreement.

(3)

The

quoted

market

prices

and

resulting

values

for

credit

default

swap

agreements

on

credit

indices

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

likelihood

of

an

expected

liability

(or

profit)

for

the

credit

derivative

had

the

notional

amount

of

the

swap

agreement

been

closed/sold

as

of

period

end.

Increasing

values

(buy

protection)

or

decreasing

values

(sell

protection),

when

compared

to

the

notional

amount

of

the

swap,

represent

a

deterioration

of

the

referenced

entity’s

credit

soundness

and

a

greater

likelihood

of

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

a

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Corporate

Bonds

&

Notes

$

345,580,621

$

–

$

345,580,621

$

–

Mortgage-Backed

Securities

87,087,949

–

87,087,949

–

Asset-Backed

Securities

155,912,607

–

155,912,607

–

U.S.

Treasury

Obligations

140,134,786

–

140,134,786

–

Foreign

Government

Bonds

&

Notes

1,707,563

–

1,707,563

–

Short-Term

Investments

24,816,587

–

24,816,587

–

Derivatives:

Interest

Rate

Contracts

Futures

462,779

462,779

–

–

Total

Assets

755,702,892

462,779

755,240,113

–

a

Liabilities

Due

to

Custodian

(

632

)

–

(

632

)

–

Derivatives:

Credit

Contracts

Swaps

(

899

)

–

(

899

)

–

Interest

Rate

Contracts

Futures

(

29,471

)

(

29,471

)

–

–

Total

Liabilities

-

Derivatives

(

30,370

)

(

29,471

)

(

899

)

–

Total

Liabilities

(

31,002

)

(

29,471

)

(

1,531

)

–

Total

$

755,671,890

$

433,308

$

755,238,582

$

–

PACIFIC

SELECT

FUND

EMERGING

MARKETS

DEBT

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

78

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CORPORATE

BONDS

&

NOTES

-

40.2%

Azerbaijan

-

0.4%

SOCAR

Turkey

Enerji

AS

via

Steas

Funding

1

DAC

7.230%

due

03/17/26 ~

$

720,000

$

720,000

Brazil

-

4.7%

Acu

Petroleo

Luxembourg

SARL

7.500%

due

07/13/35 ~

1,157,372

1,162,684

Aegea

Finance

SARL

9.000%

due

01/20/31 ~

950,000

1,028,793

CSN

Inova

Ventures

6.750%

due

01/28/28 ~

1,025,000

991,119

FS

Luxembourg

SARL

8.875%

due

02/12/31 ~

950,000

977,244

LD

Celulose

International

GmbH

due

01/26/32 # ~

900,000

924,188

Minerva

Luxembourg

SA

8.875%

due

09/13/33 ~

1,050,000

1,145,679

Trident

Energy

Finance

PLC

12.500%

due

11/30/29 ~

675,000

711,302

Usiminas

International

SARL

5.875%

due

07/18/26 ~

450,000

446,192

Yinson

Boronia

Production

BV

8.947%

due

07/31/42 ~

550,000

588,973

7,976,174

Chile

-

0.5%

Sociedad

Quimica

y

Minera

de

Chile

SA

6.500%

due

11/07/33 ~

725,000

782,254

Czech

Republic

-

0.8%

Energo-Pro

AS

8.500%

due

02/04/27 ~

1,250,000

1,265,106

Dominican

Republic

-

0.8%

Aeropuertos

Dominicanos

Siglo

XXI

SA

7.000%

due

06/30/34 ~

1,350,000

1,414,976

Georgia

-

0.4%

Georgia

Global

Utilities

JSC

8.875%

due

07/25/29 ~

575,000

588,225

Israel

-

2.5%

Energean

Israel

Finance

Ltd.

5.375%

due

03/30/28 ~

1,125,000

1,014,643

8.500%

due

09/30/33 ~

1,155,000

1,095,744

Israel

Discount

Bank

Ltd.

5.375%

due

01/26/28 ~

675,000

679,485

Leviathan

Bond

Ltd.

6.500%

due

06/30/27 ~

1,450,000

1,377,420

4,167,292

Jamaica

-

0.6%

Kingston

Airport

Revenue

Finance

Ltd.

due

12/15/36 # ~

925,000

959,447

Kazakhstan

-

1.4%

Tengizchevroil

Finance

Co.

International

Ltd.

4.000%

due

08/15/26 ~

2,425,000

2,372,113

Mexico

-

7.1%

Banco

Mercantil

del

Norte

SA

5.875%

due

01/24/27 ~

1,500,000

1,474,981

a

Principal

Amount

Value

BBVA

Bancomer

SA

5.125%

due

01/18/33 ~

$

700,000

$

666,337

8.450%

due

06/29/38 ~

850,000

927,462

Cemex

SAB

de

CV

9.125%

due

03/14/28 ~

375,000

409,283

Comision

Federal

de

Electricidad

5.000%

due

09/29/36 ~

796,800

731,064

Electricidad

Firme

de

Mexico

Holdings

SA

de

CV

4.900%

due

11/20/26 ~

1,025,000

998,626

FIEMEX

Energia

-

Banco

Actinver

SA

Institucion

de

Banca

Multiple

7.250%

due

01/31/41 ~

1,400,000

1,462,230

Petroleos

Mexicanos

6.500%

due

03/13/27 

1,850,000

1,815,308

6.500%

due

01/23/29 

1,100,000

1,040,144

6.750%

due

09/21/47 

1,350,000

968,179

7.690%

due

01/23/50 

1,925,000

1,505,216

11,998,830

Multi-National

-

2.9%

Asian

Development

Bank

6.720%

due

02/08/28 

INR

79,400,000

953,513

European

Bank

for

Reconstruction

&

Development

6.300%

due

10/26/27 

101,600,000

1,201,807

Inter-American

Development

Bank

5.700%

due

11/12/24 

54,000,000

641,265

7.000%

due

01/25/29 

43,000,000

517,426

International

Bank

for

Reconstruction

&

Development

6.850%

due

04/24/28 

67,000,000

807,735

7.050%

due

07/22/29 

69,000,000

833,811

4,955,557

Netherlands

-

0.7%

VEON

Holdings

BV

3.375%

due

11/25/27 ~

$

1,300,000

1,147,250

Nigeria

-

1.7%

BOI

Finance

BV

7.500%

due

02/16/27 ~

EUR

725,000

765,723

IHS

Holding

Ltd.

5.625%

due

11/29/26 ~

$

500,000

492,726

IHS

Netherlands

Holdco

BV

8.000%

due

09/18/27 ~

1,575,000

1,579,086

2,837,535

Romania

-

0.8%

Banca

Transilvania

SA

7.250%

due

12/07/28 ~

EUR

375,000

445,586

8.875%

due

04/27/27 ~

800,000

944,212

1,389,798

Saudi

Arabia

-

2.3%

Greensaif

Pipelines

Bidco

SARL

5.853%

due

02/23/36 ~

$

575,000

595,647

6.103%

due

08/23/42 ~

925,000

958,900

6.129%

due

02/23/38 ~

2,125,000

2,252,171

3,806,718

Singapore

-

1.0%

Puma

International

Financing

SA

7.750%

due

04/25/29 ~

1,700,000

1,749,726

79

PACIFIC

SELECT

FUND

EMERGING

MARKETS

DEBT

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

South

Africa

-

2.0%

Sasol

Financing

USA

LLC

8.750%

due

05/03/29 ~

$

1,075,000

$

1,137,975

Transnet

SOC

Ltd.

8.250%

due

02/06/28 ~

2,100,000

2,183,034

3,321,009

Tanzania

-

0.8%

HTA

Group

Ltd.

7.500%

due

06/04/29 ~

1,375,000

1,402,500

Turkey

-

3.5%

Ford

Otomotiv

Sanayi

AS

7.125%

due

04/25/29 ~

900,000

932,272

Mersin

Uluslararasi

Liman

Isletmeciligi

AS

8.250%

due

11/15/28 ~

400,000

418,070

Sisecam

U.K.

PLC

8.250%

due

05/02/29 ~

1,550,000

1,604,804

Turkiye

Vakiflar

Bankasi

TAO

8.994%

due

10/05/34 ~

925,000

968,075

WE

Soda

Investments

Holding

PLC

9.375%

due

02/14/31 ~

475,000

494,468

9.500%

due

10/06/28 ~

1,475,000

1,537,820

5,955,509

United

Arab

Emirates

-

1.4%

Adnoc

Murban

Rsc

Ltd.

4.500%

due

09/11/34 ~

300,000

296,933

5.125%

due

09/11/54 ~

850,000

837,679

Galaxy

Pipeline

Assets

Bidco

Ltd.

2.160%

due

03/31/34 ~

1,025,895

910,719

MAF

Global

Securities

Ltd.

7.875%

due

06/30/27 ~

375,000

392,310

2,437,641

United

Kingdom

-

2.7%

HSBC

Holdings

PLC

6.254%

due

03/09/34 

2,000,000

2,185,580

Standard

Chartered

PLC

5.905%

due

05/14/35 ~

675,000

714,538

6.097%

due

01/11/35 ~

1,600,000

1,722,116

4,622,234

United

States

-

0.9%

JPMorgan

Chase

Bank

NA

36.811%

due

03/15/34 ~

TRY

825,000,000

1,471,089

Venezuela

-

0.3%

Petroleos

de

Venezuela

SA

5.375%

due

04/12/27 * ~ ∂

$

1,432,000

139,220

9.750%

due

05/17/35 * ~ ∂

2,733,498

300,685

12.750%

* ~ ∂

1,152,000

132,409

572,314

Total

Corporate

Bonds

&

Notes

    (Cost

$67,020,164)

67,913,297

FOREIGN

GOVERNMENT

BONDS

&

NOTES

-

54.0%

Argentina

-

2.0%

Argentine

Republic

Government

4.125%

due

07/09/35 §

4,950,000

2,388,375

a

Principal

Amount

Value

Provincia

de

Buenos

Aires/Government

6.625%

due

09/01/37 ~ §

$

2,095,395

$

1,003,170

3,391,545

Benin

-

1.0%

Benin

Government

7.960%

due

02/13/38 ~

1,675,000

1,664,929

Brazil

-

5.2%

Brazil

Government

6.125%

due

01/22/32 

1,700,000

1,750,940

Brazil

Notas

do

Tesouro

Nacional

Class

F

10.000%

due

01/01/27 

BRL

40,100,000

7,049,092

8,800,032

Colombia

-

1.6%

Colombia

Government

4.500%

due

03/15/29 

$

1,500,000

1,425,682

7.500%

due

02/02/34 

1,225,000

1,274,041

2,699,723

Dominican

Republic

-

1.5%

Dominican

Republic

4.500%

due

01/30/30 ~

1,650,000

1,581,583

10.750%

due

06/01/36 ~

DOP

56,500,000

988,515

2,570,098

Ecuador

-

1.5%

Ecuador

Government

5.000%

due

07/31/40 ~ §

$

1,500,000

778,971

5.500%

due

07/31/35 ~ §

1,650,000

942,004

6.900%

due

07/31/30 ~

1,200,000

875,829

2,596,804

Egypt

-

3.0%

Egypt

Government

5.800%

due

09/30/27 ~

2,000,000

1,893,788

7.903%

due

02/21/48 ~

425,000

328,810

8.150%

due

11/20/59 ~

525,000

407,591

8.500%

due

01/31/47 ~

1,500,000

1,213,144

8.700%

due

03/01/49 ~

350,000

287,175

Egypt

Treasury

Bills

0.700%

due

11/19/24 

EGP

44,200,000

883,185

5,013,693

Guatemala

-

1.4%

Guatemala

Government

6.550%

due

02/06/37 ~

$

800,000

831,040

6.600%

due

06/13/36 ~

800,000

843,671

7.050%

due

10/04/32 ~

600,000

650,475

2,325,186

Indonesia

-

2.4%

Indonesia

Treasury

6.500%

due

07/15/30 

IDR

34,800,000,000

2,333,025

6.500%

due

02/15/31 

7,400,000,000

492,692

6.875%

due

04/15/29 

18,500,000,000

1,256,729

4,082,446

Iraq

-

1.0%

Iraq

Government

5.800%

due

01/15/28 ~

$

1,739,063

1,690,405

80

PACIFIC

SELECT

FUND

EMERGING

MARKETS

DEBT

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Israel

-

1.3%

Israel

Government

5.500%

due

03/12/34 

$

2,125,000

$

2,140,544

Ivory

Coast

-

2.3%

Ivory

Coast

Government

4.875%

due

01/30/32 ~

EUR

2,461,000

2,425,084

6.875%

due

10/17/40 ~

1,575,000

1,554,394

3,979,478

Lebanon

-

0.1%

Lebanon

Government

6.100%

* ~ ∂

$

900,000

72,000

6.400%

* ~ ∂

450,000

36,270

11.554%

* ∂

1,350,000

104,497

11.586%

* ∂

450,000

35,797

248,564

Nigeria

-

1.1%

Nigeria

Government

6.125%

due

09/28/28 ~

1,975,000

1,797,185

Pakistan

-

1.2%

Pakistan

Government

6.875%

due

12/05/27 ~

2,250,000

2,047,341

Peru

-

5.0%

Peru

Government

5.400%

due

08/12/34 

PEN

8,350,000

2,117,760

6.150%

due

08/12/32 

3,800,000

1,040,974

6.900%

due

08/12/37 ~

6,300,000

1,752,778

7.600%

due

08/12/39 ~

12,250,000

3,603,699

8,515,211

Poland

-

3.4%

Bank

Gospodarstwa

Krajowego

5.750%

due

07/09/34 ~

$

850,000

892,696

Republic

of

Poland

Government

2.000%

due

08/25/36 ^

PLN

6,975,705

1,635,458

5.125%

due

09/18/34 

$

1,175,000

1,209,580

5.500%

due

03/18/54 

1,900,000

1,944,094

5,681,828

Romania

-

2.4%

Romania

Government

5.125%

due

09/24/31 ~

EUR

1,175,000

1,315,016

5.250%

due

05/30/32 ~

625,000

699,528

6.375%

due

01/30/34 ~

$

2,040,000

2,128,075

4,142,619

Senegal

-

0.4%

Senegal

Government

5.375%

due

06/08/37 ~

EUR

200,000

164,234

6.750%

due

03/13/48 ~

$

600,000

443,947

608,181

Serbia

-

1.0%

Serbia

Government

6.000%

due

06/12/34 ~

1,575,000

1,624,258

Slovenia

-

1.5%

Slovenia

Government

5.000%

due

09/19/33 ~

2,450,000

2,559,893

a

Principal

Amount

Value

South

Africa

-

5.0%

Republic

of

South

Africa

Government

5.750%

due

09/30/49 

$

975,000

$

812,199

8.750%

due

01/31/44 

ZAR

95,400,000

4,627,681

8.750%

due

02/28/48 

2,000

97

8.875%

due

02/28/35 

55,200,000

2,958,964

8,398,941

Sri

Lanka

-

0.5%

Sri

Lanka

Government

6.200%

due

05/11/27 * ~ ∂

$

775,000

435,503

6.750%

due

04/18/28 * ~ ∂

200,000

112,979

6.850%

due

11/03/25 * ~ ∂

200,000

113,358

7.550%

due

03/28/30 * ~ ∂

200,000

113,014

774,854

Tunisia

-

1.5%

Tunisian

Republic

6.375%

due

07/15/26 ~

EUR

2,450,000

2,470,056

Turkey

-

1.6%

Turkiye

Government

37.000%

due

02/18/26 

TRY

94,400,000

2,741,113

Ukraine

-

1.7%

Ukraine

Government

1.750%

due

02/01/29 * ~ ∂ §

$

690,110

407,196

1.750%

due

02/01/34 * ~ ∂ §

2,414,451

1,079,712

1.750%

due

02/01/35 * ~ ∂ §

2,013,081

880,723

3.000%

due

02/01/35 * ~ ∂ §

440,403

193,419

3.000%

due

02/01/36 * ~ ∂ §

367,002

159,233

9.899%

due

02/01/36 * ~ ∂ §

243,597

105,691

10.068%

due

02/01/35 * ~ ∂ §

292,317

128,382

2,954,356

Uzbekistan

-

1.1%

National

Bank

of

Uzbekistan

8.500%

due

07/05/29 ~

375,000

383,179

Republic

of

Uzbekistan

6.900%

due

02/28/32 ~

1,225,000

1,237,722

7.850%

due

10/12/28 ~

225,000

238,287

1,859,188

Venezuela

-

0.6%

Venezuela

Government

8.250%

due

10/13/24 * ~ ∂

1,784,900

249,632

9.000%

* ~ ∂

816,000

116,790

11.750%

due

10/21/26 * ~ ∂

2,249,400

376,133

12.750%

* ~ ∂

1,624,000

266,906

1,009,461

Zambia

-

1.7%

Zambia

Government

0.500%

due

12/31/53 * ~ ∂

425,000

209,603

0.500%

due

12/31/53 ~ ∂

2,482,073

1,224,116

5.750%

due

06/30/33 * ~ ∂ §

169,176

149,543

5.750%

due

06/30/33 ~ ∂ §

1,461,194

1,291,623

2,874,885

Total

Foreign

Government

Bonds

&

Notes

    (Cost

$88,952,543)

91,262,817

81

PACIFIC

SELECT

FUND

EMERGING

MARKETS

DEBT

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$8,434,434

or

5.0%

of

the

Fund’s

net

assets were

in

default.

(b)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

(c)

As

of

September

30,

2024,

forward

foreign

currency

contracts

outstanding

were

as

follows:

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

3.6%

Repurchase

Agreements

-

3.6%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$6,119,460;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$6,241,116)

$

6,118,704

$

6,118,704

Total

Short-Term

Investments

(Cost

$6,118,704)

6,118,704

TOTAL

INVESTMENTS

-

97.8%

(Cost

$162,091,411)

165,294,818

DERIVATIVES

-

0.6%

927,108

OTHER

ASSETS

&

LIABILITIES,

NET

-

1.6%

2,722,290

NET

ASSETS

-

100.0%

$

168,944,216

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CBOT

5

Year

U.S.

Treasury

Notes

12/24

206

$

22,603,735

$

22,635,859

$

32,124

CBOT

10

Year

U.S.

Treasury

Notes

12/24

50

5,747,760

5,714,063

(

33,697

)

(

$

1,573

)

Short

Futures

Outstanding

CBOT

U.S.

Long

Bond

12/24

24

2,986,450

2,980,500

5,950

a

Total

Futures

Contracts

$

4,377

Currency

Purchased

Currency

Sold

Settlement

Month

Counterparty

Unrealized

Appreciation

Unrealized

Depreciation

CNH

21,900,000

USD

3,131,885

10/24

HSB

$

–

(

$

2,459

)

CNH

37,000,000

USD

5,292,159

10/24

JPM

–

(

5,000

)

EUR

3,927,726

USD

4,395,833

10/24

CIT

–

(

19,587

)

EUR

400,000

USD

444,886

10/24

HSB

665

–

ILS

3,150,000

USD

837,785

10/24

JPM

7,613

–

INR

141,000,000

USD

1,678,571

12/24

HSB

–

(

2,283

)

KRW

10,600,000,000

USD

7,940,491

10/24

HSB

104,006

–

PLN

13,300,000

USD

3,476,821

10/24

CIT

–

(

23,034

)

TRY

260,250,000

USD

7,147,645

10/24

CIT

286,519

–

TWD

325,300,000

USD

10,168,644

10/24

CIT

120,722

–

USD

8,414,704

CNH

58,900,000

10/24

CIT

–

(

1,882

)

USD

9,773,301

EUR

8,861,421

10/24

CIT

–

(

97,233

)

USD

1,304,945

EUR

1,175,000

10/24

HSB

–

(

3,861

)

USD

308,102

EUR

275,000

10/24

HSB

1,786

–

USD

8,078,017

PEN

30,400,000

10/24

HSB

–

(

119,869

)

USD

2,697,304

TRY

98,000,000

10/24

HSB

–

(

102,113

)

USD

3,808,221

ZAR

66,100,000

10/24

JPM

–

(

10,320

)

Total

Forward

Foreign

Currency

Contracts

$

521,311

(

$

387,641

)

82

PACIFIC

SELECT

FUND

EMERGING

MARKETS

DEBT

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(d)

As

of

September

30,

2024,

swap

agreements

outstanding

were

as

follows:

Credit

Default

Swaps

on

Corporate

and

Sovereign

Issues

-

Buy

Protection

(1)

Referenced

Obligation

Payment

Frequency

Fixed

Deal

Pay

Rate

Expiration

Date

Counter-

party

Implied

Credit

Spread

at

09/30/24

(2)

Notional

Amount

(3)

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

China

Construction

Bank

Corp.

Q

1.000%

12/20/25

GSC

0.216%

$

5,200,000

(

$

50,498

)

(

$

54,483

)

$

3,985

China

Construction

Bank

Corp.

Q

1.000%

12/20/25

GSC

0.216%

1,550,000

(

15,052

)

(

14,103

)

(

949

)

China

Development

Bank

Q

1.000%

12/20/25

GSC

0.251%

2,500,000

(

23,246

)

(

24,805

)

1,559

Industrial

&

Commercial

Bank

of

China

Ltd.

Q

1.000%

12/20/25

GSC

0.251%

5,000,000

(

46,491

)

(

49,933

)

3,442

Industrial

&

Commercial

Bank

of

China

Ltd.

Q

1.000%

12/20/25

GSC

0.251%

1,550,000

(

14,412

)

(

14,103

)

(

309

)

China

Development

Bank

Q

1.000%

12/20/25

GSC

0.259%

2,500,000

(

22,982

)

(

29,032

)

6,050

China

Development

Bank

Q

1.000%

12/20/25

GSC

0.259%

1,000,000

(

9,192

)

(

9,099

)

(

93

)

Bank

of

China

Ltd.

Q

1.000%

12/20/25

GSC

0.263%

4,000,000

(

36,621

)

(

43,260

)

6,639

Bank

of

China

Ltd.

Q

1.000%

12/20/25

GSC

0.263%

2,300,000

(

21,057

)

(

20,927

)

(

130

)

(

$

239,551

)

(

$

259,745

)

$

20,194

Credit

Default

Swaps

on

Credit

Indices

-

Buy

Protection

(1)

Referenced

Obligation

Payment

Frequency

Fixed

Deal

Pay

Rate

Expiration

Date

Exchange

Notional

Amount

(3)

Value

(4)

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

CDX.NA.HY.S42

Q

5.000%

06/20/29

ICE

$

10,550,000

(

$

825,250

)

(

$

638,444

)

(

$

186,806

)

a

Credit

Default

Swaps

on

Credit

Indices

-

Sell

Protection

(5)

Referenced

Obligation

Payment

Frequency

Fixed

Deal

Receive

Rate

Expiration

Date

Exchange

Notional

Amount

(3)

Value

(4)

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

CDX.NA.HY.S42

Q

5.000%

06/20/29

ICE

$

5,900,000

$

461,514

$

324,132

$

137,382

a

Total

Credit

Default

Swaps

(

$

603,287

)

(

$

574,057

)

(

$

29,230

)

(1)

If

the

Fund

is

a

buyer

of

protection

and

a

credit

event

occurs,

as

defined

under

the

terms

of

that

particular

swap

agreement,

the

Fund

will

either

(i)

receive

from

the

seller

of

protection

an

amount

equal

to

the

notional

amount

of

the

swap

and

deliver

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index

or

(ii)

receive

a

net

settlement

amount

in

the

form

of

cash

or

investments

equal

to

the

notional

amount

of

the

swap

less

the

recovery

value

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index.

(2)

An

implied

credit

spread

is

the

spread

in

yield

between

a

U.S.

Treasury

security

and

the

referenced

obligation

or

underlying

investment

that

are

identical

in

all

respects

except

for

the

quality

rating.

Implied

credit

spreads,

represented

in

the

absolute

terms,

utilized

in

determining

the

value

of

credit

default

swap

agreements

on

corporate

and

sovereign

issues

as

of

period

end

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

likelihood

of

risk

of

default

for

the

credit

derivative.

The

implied

credit

spread

of

a

particular

referenced

entity

reflects

the

cost

of

buying/selling

protection

and

may

include

upfront

payments

required

to

be

made

to

enter

the

agreement.

Wider

credit

spreads,

in

comparison

to

narrower

credit

spreads,

represent

a

deterioration

of

the

referenced

entity’s

credit

soundness

and

a

greater

likelihood

of

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

A

credit

spread

identified

as

“Defaulted”

indicates

a

credit

event

has

occurred

for

the

referenced

entity

or

obligation.

(3)

The

maximum

potential

amount

the

Fund

could

be

required

to

pay

as

a

seller

of

credit

protection

or

receive

as

a

buyer

of

credit

protection

if

a

credit

event

occurs

as

defined

under

the

terms

of

that

particular

swap

agreement.

(4)

The

quoted

market

prices

and

resulting

values

for

credit

default

swap

agreements

on

credit

indices

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

likelihood

of

an

expected

liability

(or

profit)

for

the

credit

derivative

had

the

notional

amount

of

the

swap

agreement

been

closed/sold

as

of

period

end.

Increasing

values

(buy

protection)

or

decreasing

values

(sell

protection),

when

compared

to

the

notional

amount

of

the

swap,

represent

a

deterioration

of

the

referenced

entity’s

credit

soundness

and

a

greater

likelihood

of

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

83

PACIFIC

SELECT

FUND

EMERGING

MARKETS

DEBT

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(5)

If

the

Fund

is

a

seller

of

protection

and

a

credit

event

occurs,

as

defined

under

the

terms

of

that

particular

swap

agreement,

the

Fund

will

either

(i)

pay

to

the

buyer

of

protection

an

amount

equal

to

the

notional

amount

of

the

swap

and

take

delivery

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index

or

(ii)

pay

a

net

settlement

amount

in

the

form

of

cash

or

investments

equal

to

the

notional

amount

of

the

swap

less

the

recovery

value

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index.

Interest

Rate

Swaps

-

Long

Receive

Pay

Payment

Frequency

Receive

Rate/

Pay

Rate

Exchange

Expiration

Date

Notional

Amount

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

10.220%

28

Day

MXN

TIIE

L/L

LCH

06/17/26

MXN

1,088,000,000

$

935,874

$

12,505

$

923,369

8.595%

28

Day

MXN

TIIE

L/L

LCH

12/16/26

445,000,000

(

44,659

)

–

(

44,659

)

$

891,215

$

12,505

$

878,710

a

–

Interest

Rate

Swaps

-

Short

Pay

Receive

Payment

Frequency

Pay

Rate/

Receive

Rate

Exchange

Expiration

Date

Notional

Amount

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

10.220%

28

Day

MXN

TIIE

L/L

LCH

06/17/26

MXN

488,000,000

(

$

414,516

)

(

$

470,609

)

$

56,093

10.220%

28

Day

MXN

TIIE

L/L

LCH

06/17/26

600,000,000

(

516,107

)

(

171,863

)

(

344,244

)

(

$

930,623

)

(

$

642,472

)

(

$

288,151

)

a

–

Total

Interest

Rate

Swaps

(

$

39,408

)

(

$

629,967

)

$

590,559

Total

Return

Swaps

-

Long

Receive

Pay

Payment

Frequency

Pay

Rate

Counterparty

Expiration

Date

Notional

Amount

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Egypt

Treasury

Bills

SOFR

+

0.600%

Z

JPM

12/19/24

$

1,125,652

$

150,263

$

–

$

150,263

Egypt

Treasury

Bills

SOFR

+

0.600%

Z

JPM

03/06/25

1,052,580

90,964

–

90,964

Nigeria

Treasury

Bills

1

Day

USD

Fed

Funds

+

0.000%

Z

CIT

03/10/25

152,439

4,529

–

4,529

Nigeria

Treasury

Bills

1

Day

USD

Fed

Funds

+

0.000%

Z

CIT

03/17/25

680,851

41,254

–

41,254

Egypt

Treasury

Bills

SOFR

+

0.750%

Z

JPM

09/18/25

739,726

6,777

–

6,777

Zambia

Government

Bonds

1

Day

USD

Fed

Funds

+

0.000%

S

CIT

12/18/27

725,733

(

66,055

)

–

(

66,055

)

$

227,732

$

–

$

227,732

Total

Swap

Agreements

(

$

414,963

)

(

$

1,204,024

)

$

789,061

84

PACIFIC

SELECT

FUND

EMERGING

MARKETS

DEBT

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(e)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Corporate

Bonds

&

Notes

$

67,913,297

$

–

$

67,913,297

$

–

Foreign

Government

Bonds

&

Notes

91,262,817

–

91,262,817

–

Short-Term

Investments

6,118,704

–

6,118,704

–

Derivatives:

Credit

Contracts

Swaps

159,057

–

159,057

–

Foreign

Currency

Contracts

Forward

Foreign

Currency

Contracts

521,311

–

521,311

–

Interest

Rate

Contracts

Futures

38,074

38,074

–

–

Swaps

1,273,249

–

1,273,249

–

Total

Interest

Rate

Contracts

1,311,323

38,074

1,273,249

–

Total

Asset

-

Derivatives

1,991,691

38,074

1,953,617

–

Total

Assets

167,286,509

38,074

167,248,435

–

a

Liabilities

Due

to

Custodian

(

218,995

)

–

(

218,995

)

–

Derivatives:

Credit

Contracts

Swaps

(

188,287

)

–

(

188,287

)

–

Foreign

Currency

Contracts

Forward

Foreign

Currency

Contracts

(

387,641

)

–

(

387,641

)

–

Interest

Rate

Contracts

Futures

(

33,697

)

(

33,697

)

–

–

Swaps

(

454,958

)

–

(

454,958

)

–

Total

Interest

Rate

Contracts

(

488,655

)

(

33,697

)

(

454,958

)

–

Total

Liabilities

-

Derivatives

(

1,064,583

)

(

33,697

)

(

1,030,886

)

–

Total

Liabilities

(

1,283,578

)

(

33,697

)

(

1,249,881

)

–

Total

$

166,002,931

$

4,377

$

165,998,554

$

–

PACIFIC

SELECT

FUND

DIVIDEND

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

85

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

PREFERRED

STOCKS

-

0.1%

Consumer,

Cyclical

-

0.1%

spacing

Dr.

Ing

hc

F

Porsche

AG

~

(Germany) 

9,769

$

780,680

Total

Preferred

Stocks

    (Cost

$899,456)

780,680

COMMON

STOCKS

-

97.4%

Basic

Materials

-

2.4%

spacing

Linde

PLC

18,986

9,053,664

RPM

International,

Inc.

15,642

1,892,682

Sherwin-Williams

Co.

15,963

6,092,598

17,038,944

Communications

-

1.1%

spacing

T-Mobile

U.S.,

Inc.

37,388

7,715,388

Consumer,

Cyclical

-

9.6%

spacing

Costco

Wholesale

Corp.

4,429

3,926,397

Cummins,

Inc.

6,412

2,076,141

Dollar

General

Corp.

24,633

2,083,213

Hilton

Worldwide

Holdings,

Inc.

36,471

8,406,566

Home

Depot,

Inc.

23,909

9,687,927

Marriott

International,

Inc.

Class A 

7,573

1,882,648

McDonald's

Corp.

23,402

7,126,143

NIKE,

Inc.

Class B 

31,189

2,757,108

Ross

Stores,

Inc.

59,953

9,023,526

Target

Corp.

23,154

3,608,782

Tractor

Supply

Co.

10,905

3,172,592

Walmart,

Inc.

120,942

9,766,066

Yum!

Brands,

Inc.

27,896

3,897,350

67,414,459

Consumer,

Non-Cyclical

-

23.9%

spacing

AbbVie,

Inc.

36,235

7,155,688

Agilent

Technologies,

Inc.

30,324

4,502,508

AstraZeneca

PLC

ADR

(United

Kingdom) 

106,194

8,273,575

Automatic

Data

Processing,

Inc.

13,689

3,788,157

Avery

Dennison

Corp.

24,090

5,318,108

Becton

Dickinson

&

Co.

30,435

7,337,879

Cigna

Group

11,099

3,845,138

Coca-Cola

Co.

131,366

9,439,961

Colgate-Palmolive

Co.

68,829

7,145,139

Constellation

Brands,

Inc.

Class A 

6,934

1,786,822

Danaher

Corp.

28,961

8,051,737

Elevance

Health,

Inc.

12,250

6,370,000

Eli

Lilly

&

Co.

14,413

12,769,053

Equifax,

Inc.

9,736

2,861,021

GE

HealthCare

Technologies,

Inc.

45,212

4,243,146

Johnson

&

Johnson

20,740

3,361,124

Kenvue,

Inc.

304,433

7,041,535

McKesson

Corp.

16,042

7,931,486

Mondelez

International,

Inc.

Class A 

79,906

5,886,675

PepsiCo,

Inc.

29,369

4,994,198

Philip

Morris

International,

Inc.

43,531

5,284,663

S&P

Global,

Inc.

7,776

4,017,237

Stryker

Corp.

20,566

7,429,673

Thermo

Fisher

Scientific,

Inc.

18,720

11,579,630

UnitedHealth

Group,

Inc.

22,914

13,397,358

a

Shares

Value

Zoetis,

Inc.

23,048

$

4,503,118

168,314,629

Energy

-

4.5%

spacing

ConocoPhillips

49,459

5,207,044

EOG

Resources,

Inc.

35,782

4,398,681

EQT

Corp.

109,958

4,028,861

Exxon

Mobil

Corp.

77,550

9,090,411

Schlumberger

NV

133,256

5,590,089

Williams

Cos.,

Inc.

66,769

3,048,005

31,363,091

Financial

-

18.0%

spacing

American

Express

Co.

32,662

8,857,934

American

Tower

Corp.

REIT

26,112

6,072,607

Aon

PLC

Class A 

7,902

2,734,013

Bank

of

America

Corp.

218,553

8,672,183

Charles

Schwab

Corp.

101,693

6,590,723

Chubb

Ltd.

50,493

14,561,676

Equity

Residential

REIT

96,032

7,150,543

Goldman

Sachs

Group,

Inc.

7,842

3,882,653

Hartford

Financial

Services

Group,

Inc.

46,344

5,450,518

JPMorgan

Chase

&

Co.

68,854

14,518,554

Marsh

&

McLennan

Cos.,

Inc.

54,217

12,095,271

Morgan

Stanley

65,034

6,779,144

Progressive

Corp.

30,384

7,710,244

Rexford

Industrial

Realty,

Inc.

REIT

50,992

2,565,407

Visa,

Inc.

Class A 

54,337

14,939,958

Wells

Fargo

&

Co.

70,753

3,996,837

126,578,265

Industrial

-

14.5%

spacing

AMETEK,

Inc.

6,517

1,119,034

Amphenol

Corp.

Class A 

123,974

8,078,146

Ball

Corp.

26,143

1,775,371

CSX

Corp.

113,802

3,929,583

Deere

&

Co.

7,500

3,129,975

GE

Vernova,

Inc.

*

17,598

4,487,138

General

Electric

Co.

75,052

14,153,306

Honeywell

International,

Inc.

36,525

7,550,083

Howmet

Aerospace,

Inc.

85,559

8,577,290

Illinois

Tool

Works,

Inc.

9,447

2,475,775

Northrop

Grumman

Corp.

12,336

6,514,271

Old

Dominion

Freight

Line,

Inc.

23,610

4,689,890

Otis

Worldwide

Corp.

31,383

3,261,949

Rockwell

Automation,

Inc.

12,602

3,383,133

Schneider

Electric

SE

19,633

5,175,409

Stanley

Black

&

Decker,

Inc.

27,312

3,007,871

Toro

Co.

18,549

1,608,755

Trane

Technologies

PLC

12,976

5,044,160

Union

Pacific

Corp.

27,260

6,719,045

Waste

Connections,

Inc.

40,430

7,229,693

101,909,877

Technology

-

20.6%

spacing

Accenture

PLC

Class A (Ireland) 

26,700

9,437,916

Analog

Devices,

Inc.

30,302

6,974,611

Apple,

Inc.

150,337

35,028,521

Applied

Materials,

Inc.

34,792

7,029,724

Broadridge

Financial

Solutions,

Inc.

33,059

7,108,677

KLA

Corp.

13,007

10,072,751

Microchip

Technology,

Inc.

49,450

3,970,340

Microsoft

Corp.

97,988

42,164,236

86

PACIFIC

SELECT

FUND

DIVIDEND

GROWTH

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

QUALCOMM,

Inc.

20,342

$

3,459,157

Roper

Technologies,

Inc.

17,440

9,704,314

TE

Connectivity

PLC

(Ireland) 

39,537

5,969,692

Texas

Instruments,

Inc.

20,991

4,336,111

145,256,050

Utilities

-

2.8%

spacing

Ameren

Corp.

70,197

6,139,430

Atmos

Energy

Corp.

30,834

4,276,984

CMS

Energy

Corp.

70,985

5,013,671

NextEra

Energy,

Inc.

54,080

4,571,382

20,001,467

Total

Common

Stocks

    (Cost

$469,306,182)

685,592,170

Principal

Amount

SHORT-TERM

INVESTMENTS

-

2.4%

Repurchase

Agreements

-

2.4%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$17,210,699;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$17,552,931)

$

17,208,572

17,208,572

a

Total

Short-Term

Investments

(Cost

$17,208,572)

17,208,572

TOTAL

INVESTMENTS

-

99.9%

(Cost

$487,414,210)

703,581,422

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.1%

507,571

NET

ASSETS

-

100.0%

$

704,088,993

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Preferred

Stocks

$

780,680

$

–

$

780,680

$

–

Common

Stocks

Basic

Materials

17,038,944

17,038,944

–

–

Communications

7,715,388

7,715,388

–

–

Consumer,

Cyclical

67,414,459

67,414,459

–

–

Consumer,

Non-Cyclical

168,314,629

168,314,629

–

–

Energy

31,363,091

31,363,091

–

–

Financial

126,578,265

126,578,265

–

–

Industrial

101,909,877

96,734,468

5,175,409

–

Technology

145,256,050

145,256,050

–

–

Utilities

20,001,467

20,001,467

–

–

Total

Common

Stocks

685,592,170

680,416,761

5,175,409

–

Short-Term

Investments

17,208,572

–

17,208,572

–

Total

$

703,581,422

$

680,416,761

$

23,164,661

$

–

PACIFIC

SELECT

FUND

EQUITY

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

87

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

99.2%

Basic

Materials

-

1.8%

spacing

Air

Products

&

Chemicals,

Inc.

24,703

$

7,355,071

Albemarle

Corp.

13,583

1,286,446

Celanese

Corp.

10,995

1,494,880

CF

Industries

Holdings,

Inc.

19,321

1,657,742

Dow,

Inc.

79,905

4,365,210

DuPont

de

Nemours,

Inc.

46,428

4,137,199

Eastman

Chemical

Co.

12,689

1,420,534

Ecolab,

Inc.

28,686

7,324,396

FMC

Corp.

14,448

952,701

Freeport-McMoRan,

Inc.

161,705

8,072,314

International

Flavors

&

Fragrances,

Inc.

29,169

3,060,703

International

Paper

Co.

38,497

1,880,578

Linde

PLC

54,225

25,857,734

LyondellBasell

Industries

NV

Class A 

28,992

2,780,333

Mosaic

Co.

38,002

1,017,694

Newmont

Corp.

130,132

6,955,555

Nucor

Corp.

26,676

4,010,470

PPG

Industries,

Inc.

26,246

3,476,545

Sherwin-Williams

Co.

26,122

9,969,984

Steel

Dynamics,

Inc.

16,302

2,055,356

99,131,445

Communications

-

14.3%

spacing

Airbnb,

Inc.

Class A *

49,234

6,243,364

Alphabet,

Inc.

Class A 

657,720

109,082,862

Alphabet,

Inc.

Class C 

539,187

90,146,674

Amazon.com,

Inc.

*

1,048,609

195,387,315

Arista

Networks,

Inc.

*

28,484

10,932,729

AT&T,

Inc.

809,207

17,802,554

Booking

Holdings,

Inc.

3,763

15,850,208

CDW

Corp.

15,320

3,466,916

Charter

Communications,

Inc.

Class A *

10,940

3,545,435

Cisco

Systems,

Inc.

452,267

24,069,650

Comcast

Corp.

Class A 

433,659

18,113,936

Corning,

Inc.

87,934

3,970,220

eBay,

Inc.

54,648

3,558,131

Expedia

Group,

Inc.

*

13,689

2,026,246

F5,

Inc.

*

6,261

1,378,672

FactSet

Research

Systems,

Inc.

4,454

2,048,172

Fox

Corp.

Class A 

26,040

1,102,273

Fox

Corp.

Class B 

14,368

557,478

Gen

Digital,

Inc.

59,963

1,644,785

GoDaddy,

Inc.

Class A *

15,919

2,495,781

Interpublic

Group

of

Cos.,

Inc.

41,460

1,311,380

Juniper

Networks,

Inc.

36,259

1,413,376

Match

Group,

Inc.

*

30,383

1,149,693

Meta

Platforms,

Inc.

Class A 

245,253

140,392,627

Motorola

Solutions,

Inc.

18,848

8,474,626

Netflix,

Inc.

*

48,177

34,170,501

News

Corp.

Class A 

44,294

1,179,549

News

Corp.

Class B 

11,270

314,996

Omnicom

Group,

Inc.

22,838

2,361,221

Palo

Alto

Networks,

Inc.

*

36,446

12,457,243

Paramount

Global

Class B 

56,064

595,400

T-Mobile

U.S.,

Inc.

55,012

11,352,276

Uber

Technologies,

Inc.

*

235,699

17,715,137

VeriSign,

Inc.

*

9,354

1,776,886

Verizon

Communications,

Inc.

471,193

21,161,278

Walt

Disney

Co.

203,590

19,583,322

a

Shares

Value

Warner

Bros

Discovery,

Inc.

*

249,694

$

2,059,975

790,892,887

Consumer,

Cyclical

-

8.3%

spacing

Aptiv

PLC

*

29,015

2,089,370

AutoZone,

Inc.

*

1,935

6,095,327

Best

Buy

Co.,

Inc.

22,158

2,288,921

BorgWarner,

Inc.

27,071

982,407

Caesars

Entertainment,

Inc.

*

25,691

1,072,342

CarMax,

Inc.

*

17,570

1,359,567

Carnival

Corp.

*

111,201

2,054,994

Chipotle

Mexican

Grill,

Inc.

*

153,850

8,864,837

Copart,

Inc.

*

98,954

5,185,190

Costco

Wholesale

Corp.

49,768

44,120,327

Cummins,

Inc.

15,247

4,936,826

Darden

Restaurants,

Inc.

13,788

2,263,024

Deckers

Outdoor

Corp.

*

17,406

2,775,387

Delta

Air

Lines,

Inc.

72,066

3,660,232

Dollar

General

Corp.

24,746

2,092,769

Dollar

Tree,

Inc.

*

22,989

1,616,586

Domino's

Pizza,

Inc.

3,903

1,678,836

DR

Horton,

Inc.

32,941

6,284,155

Fastenal

Co.

63,873

4,561,810

Ford

Motor

Co.

442,311

4,670,804

General

Motors

Co.

126,169

5,657,418

Genuine

Parts

Co.

15,225

2,126,628

Hasbro,

Inc.

15,081

1,090,658

Hilton

Worldwide

Holdings,

Inc.

27,387

6,312,704

Home

Depot,

Inc.

111,317

45,105,648

Las

Vegas

Sands

Corp.

41,742

2,101,292

Lennar

Corp.

Class A 

27,420

5,140,702

Live

Nation

Entertainment,

Inc.

*

16,213

1,775,161

LKQ

Corp.

29,051

1,159,716

Lowe's

Cos.,

Inc.

63,969

17,326,004

Lululemon

Athletica,

Inc.

*

12,811

3,476,265

Marriott

International,

Inc.

Class A 

26,231

6,521,027

McDonald's

Corp.

80,528

24,521,581

MGM

Resorts

International

*

25,758

1,006,880

NIKE,

Inc.

Class B 

134,874

11,922,862

Norwegian

Cruise

Line

Holdings

Ltd.

*

48,659

997,996

NVR,

Inc.

*

339

3,326,200

O'Reilly

Automotive,

Inc.

*

6,511

7,498,068

PACCAR,

Inc.

59,253

5,847,086

Pool

Corp.

4,427

1,668,094

PulteGroup,

Inc.

23,642

3,393,336

Ralph

Lauren

Corp.

4,766

923,984

Ross

Stores,

Inc.

38,022

5,722,691

Royal

Caribbean

Cruises

Ltd.

26,667

4,729,659

Southwest

Airlines

Co.

67,815

2,009,358

Starbucks

Corp.

126,781

12,359,880

Tapestry,

Inc.

24,193

1,136,587

Target

Corp.

52,252

8,143,997

Tesla,

Inc.

*

311,471

81,490,158

TJX

Cos.,

Inc.

126,805

14,904,660

Tractor

Supply

Co.

11,932

3,471,377

Ulta

Beauty,

Inc.

*

5,204

2,024,980

United

Airlines

Holdings,

Inc.

*

38,529

2,198,465

Walgreens

Boots

Alliance,

Inc.

81,786

732,803

Walmart,

Inc.

487,594

39,373,216

WW

Grainger,

Inc.

4,872

5,061,082

Wynn

Resorts

Ltd.

10,715

1,027,354

Yum!

Brands,

Inc.

31,925

4,460,242

456,399,530

88

PACIFIC

SELECT

FUND

EQUITY

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Consumer,

Non-Cyclical

-

17.2%

spacing

Abbott

Laboratories

194,874

$

22,217,585

AbbVie,

Inc.

198,286

39,157,519

Agilent

Technologies,

Inc.

32,584

4,838,072

Align

Technology,

Inc.

*

8,087

2,056,686

Altria

Group,

Inc.

192,343

9,817,187

Amgen,

Inc.

60,155

19,382,543

Archer-Daniels-Midland

Co.

53,195

3,177,869

Automatic

Data

Processing,

Inc.

45,685

12,642,410

Avery

Dennison

Corp.

9,367

2,067,859

Baxter

International,

Inc.

57,089

2,167,669

Becton

Dickinson

&

Co.

32,308

7,789,459

Bio-Techne

Corp.

17,632

1,409,326

Biogen,

Inc.

*

16,379

3,174,905

Boston

Scientific

Corp.

*

165,597

13,877,029

Bristol-Myers

Squibb

Co.

229,063

11,851,720

Brown-Forman

Corp.

Class B 

20,644

1,015,685

Bunge

Global

SA

15,333

1,481,781

Campbell

Soup

Co.

22,767

1,113,762

Cardinal

Health,

Inc.

27,719

3,063,504

Catalent,

Inc.

*

21,035

1,274,090

Cencora,

Inc.

18,691

4,206,970

Centene

Corp.

*

58,861

4,431,056

Charles

River

Laboratories

International,

Inc.

*

5,633

1,109,532

Church

&

Dwight

Co.,

Inc.

27,868

2,918,337

Cigna

Group

31,382

10,871,980

Cintas

Corp.

38,233

7,871,410

Clorox

Co.

14,269

2,324,563

Coca-Cola

Co.

435,113

31,267,220

Colgate-Palmolive

Co.

91,643

9,513,460

Conagra

Brands,

Inc.

54,974

1,787,755

Constellation

Brands,

Inc.

Class A 

17,589

4,532,509

Cooper

Cos.,

Inc.

*

22,268

2,457,051

Corpay,

Inc.

*

7,759

2,426,705

Corteva,

Inc.

78,140

4,593,851

CVS

Health

Corp.

140,579

8,839,608

Danaher

Corp.

72,156

20,060,811

DaVita,

Inc.

*

5,590

916,369

Dexcom,

Inc.

*

45,530

3,052,331

Edwards

Lifesciences

Corp.

*

68,506

4,520,711

Elevance

Health,

Inc.

26,027

13,534,040

Eli

Lilly

&

Co.

88,555

78,454,417

Equifax,

Inc.

14,004

4,115,215

Estee

Lauder

Cos.,

Inc.

Class A 

26,101

2,602,009

GE

HealthCare

Technologies,

Inc.

51,473

4,830,741

General

Mills,

Inc.

62,856

4,641,916

Gilead

Sciences,

Inc.

140,941

11,816,493

Global

Payments,

Inc.

29,179

2,988,513

HCA

Healthcare,

Inc.

20,859

8,477,723

Henry

Schein,

Inc.

*

14,141

1,030,879

Hershey

Co.

16,549

3,173,767

Hologic,

Inc.

*

25,625

2,087,413

Hormel

Foods

Corp.

32,734

1,037,668

Humana,

Inc.

13,494

4,274,090

IDEXX

Laboratories,

Inc.

*

9,169

4,632,362

Incyte

Corp.

*

17,804

1,176,844

Insulet

Corp.

*

7,813

1,818,476

Intuitive

Surgical,

Inc.

*

39,705

19,505,875

IQVIA

Holdings,

Inc.

*

19,441

4,606,934

J.M.

Smucker

Co.

11,318

1,370,610

Johnson

&

Johnson

270,233

43,793,960

Kellanova

30,426

2,455,682

a

Shares

Value

Kenvue,

Inc.

217,060

$

5,020,598

Keurig

Dr.

Pepper,

Inc.

117,942

4,420,466

Kimberly-Clark

Corp.

37,996

5,406,071

Kraft

Heinz

Co.

88,413

3,104,180

Kroger

Co.

75,247

4,311,653

Labcorp

Holdings,

Inc.

9,512

2,125,742

Lamb

Weston

Holdings,

Inc.

16,937

1,096,501

MarketAxess

Holdings,

Inc.

4,303

1,102,429

McCormick

&

Co.,

Inc.

28,263

2,326,045

McKesson

Corp.

14,443

7,140,908

Medtronic

PLC

143,982

12,962,699

Merck

&

Co.,

Inc.

284,346

32,290,332

Moderna,

Inc.

*

36,760

2,456,671

Molina

Healthcare,

Inc.

*

6,482

2,233,438

Molson

Coors

Beverage

Co.

Class B 

20,130

1,157,878

Mondelez

International,

Inc.

Class A 

149,954

11,047,111

Monster

Beverage

Corp.

*

79,428

4,143,759

Moody's

Corp.

17,494

8,302,477

PayPal

Holdings,

Inc.

*

114,765

8,955,113

PepsiCo,

Inc.

154,170

26,216,609

Pfizer,

Inc.

635,107

18,379,997

Philip

Morris

International,

Inc.

175,355

21,288,097

Procter

&

Gamble

Co.

264,261

45,770,005

Quanta

Services,

Inc.

16,274

4,852,093

Quest

Diagnostics,

Inc.

12,931

2,007,538

Regeneron

Pharmaceuticals,

Inc.

*

11,875

12,483,475

ResMed,

Inc.

16,602

4,052,880

Revvity,

Inc.

13,889

1,774,320

Rollins,

Inc.

31,734

1,605,106

S&P

Global,

Inc.

35,844

18,517,727

Solventum

Corp.

*

15,577

1,086,028

STERIS

PLC

11,184

2,712,567

Stryker

Corp.

38,109

13,767,257

Sysco

Corp.

55,436

4,327,334

Teleflex,

Inc.

5,288

1,307,828

Thermo

Fisher

Scientific,

Inc.

42,795

26,471,703

Tyson

Foods,

Inc.

Class A 

32,118

1,912,948

United

Rentals,

Inc.

7,514

6,084,311

UnitedHealth

Group,

Inc.

103,820

60,701,478

Universal

Health

Services,

Inc.

Class B 

6,516

1,492,229

Verisk

Analytics,

Inc.

15,963

4,277,445

Vertex

Pharmaceuticals,

Inc.

*

28,943

13,460,810

Viatris,

Inc.

136,711

1,587,215

Waters

Corp.

*

6,649

2,392,909

West

Pharmaceutical

Services,

Inc.

8,209

2,464,013

Zimmer

Biomet

Holdings,

Inc.

22,297

2,406,961

Zoetis,

Inc.

50,859

9,936,831

946,646,301

Energy

-

3.4%

spacing

APA

Corp.

41,381

1,012,179

Baker

Hughes

Co.

113,343

4,097,349

Chevron

Corp.

190,939

28,119,587

ConocoPhillips

130,360

13,724,301

Coterra

Energy,

Inc.

85,334

2,043,749

Devon

Energy

Corp.

69,852

2,732,610

Diamondback

Energy,

Inc.

20,381

3,513,684

Enphase

Energy,

Inc.

*

15,774

1,782,778

EOG

Resources,

Inc.

64,357

7,911,406

EQT

Corp.

68,498

2,509,767

Exxon

Mobil

Corp.

498,743

58,462,654

First

Solar,

Inc.

*

12,074

3,011,739

Halliburton

Co.

101,139

2,938,088

Hess

Corp.

31,224

4,240,219

89

PACIFIC

SELECT

FUND

EQUITY

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Kinder

Morgan,

Inc.

214,034

$

4,728,011

Marathon

Oil

Corp.

63,942

1,702,775

Marathon

Petroleum

Corp.

37,571

6,120,692

Occidental

Petroleum

Corp.

74,956

3,863,232

ONEOK,

Inc.

65,910

6,006,378

Phillips

66

46,635

6,130,171

Schlumberger

NV

157,506

6,607,377

Targa

Resources

Corp.

24,197

3,581,398

Valero

Energy

Corp.

35,753

4,827,728

Williams

Cos.,

Inc.

137,238

6,264,915

185,932,787

Financial

-

13.9%

spacing

Aflac,

Inc.

56,440

6,309,992

Alexandria

Real

Estate

Equities,

Inc.

REIT

18,195

2,160,656

Allstate

Corp.

29,916

5,673,569

American

Express

Co.

63,046

17,098,075

American

International

Group,

Inc.

72,289

5,293,723

American

Tower

Corp.

REIT

52,505

12,210,563

Ameriprise

Financial,

Inc.

11,209

5,266,100

Aon

PLC

Class A 

24,559

8,497,168

Arch

Capital

Group

Ltd.

*

41,588

4,652,865

Arthur

J

Gallagher

&

Co.

24,500

6,893,565

Assurant,

Inc.

5,817

1,156,769

AvalonBay

Communities,

Inc.

REIT

16,004

3,604,901

Bank

of

America

Corp.

757,835

30,070,893

Bank

of

New

York

Mellon

Corp.

83,451

5,996,789

Berkshire

Hathaway,

Inc.

Class B *

205,633

94,644,645

BlackRock,

Inc.

15,680

14,888,317

Blackstone,

Inc.

80,028

12,254,688

Brown

&

Brown,

Inc.

26,420

2,737,112

BXP,

Inc.

REIT

15,602

1,255,337

Camden

Property

Trust

REIT

12,249

1,513,119

Capital

One

Financial

Corp.

43,017

6,440,935

Cboe

Global

Markets,

Inc.

11,891

2,436,109

CBRE

Group,

Inc.

Class A *

33,730

4,198,710

Charles

Schwab

Corp.

167,424

10,850,749

Chubb

Ltd.

42,171

12,161,695

Cincinnati

Financial

Corp.

17,742

2,415,041

Citigroup,

Inc.

214,825

13,448,045

Citizens

Financial

Group,

Inc.

50,105

2,057,812

CME

Group,

Inc.

40,275

8,886,679

CoStar

Group,

Inc.

*

45,420

3,426,485

Crown

Castle,

Inc.

REIT

49,114

5,826,394

Digital

Realty

Trust,

Inc.

REIT

34,549

5,591,065

Discover

Financial

Services

27,709

3,887,296

Equinix,

Inc.

REIT

10,705

9,502,079

Equity

Residential

REIT

39,346

2,929,703

Erie

Indemnity

Co.

Class A 

2,800

1,511,496

Essex

Property

Trust,

Inc.

REIT

7,361

2,174,587

Everest

Group

Ltd.

4,906

1,922,318

Extra

Space

Storage,

Inc.

REIT

24,092

4,341,137

Federal

Realty

Investment

Trust

REIT

8,328

957,470

Fifth

Third

Bancorp

77,136

3,304,506

Franklin

Resources,

Inc.

31,577

636,277

Globe

Life,

Inc.

9,348

990,047

Goldman

Sachs

Group,

Inc.

35,451

17,552,145

Hartford

Financial

Services

Group,

Inc.

33,403

3,928,527

Healthpeak

Properties,

Inc.

REIT

79,594

1,820,315

Host

Hotels

&

Resorts,

Inc.

REIT

83,118

1,462,877

Huntington

Bancshares,

Inc.

158,351

2,327,760

Intercontinental

Exchange,

Inc.

64,727

10,397,745

Invesco

Ltd.

50,174

881,055

Invitation

Homes,

Inc.

REIT

63,897

2,253,008

a

Shares

Value

Iron

Mountain,

Inc.

REIT

33,543

$

3,985,915

JPMorgan

Chase

&

Co.

319,393

67,347,208

KeyCorp

103,882

1,740,024

Kimco

Realty

Corp.

REIT

75,280

1,748,002

KKR

&

Co.,

Inc.

75,174

9,816,221

Loews

Corp.

20,669

1,633,884

M&T

Bank

Corp.

18,819

3,352,040

Marsh

&

McLennan

Cos.,

Inc.

55,152

12,303,860

Mastercard,

Inc.

Class A 

92,609

45,730,324

MetLife,

Inc.

65,421

5,395,924

Mid-America

Apartment

Communities,

Inc.

REIT

12,943

2,056,643

Morgan

Stanley

139,846

14,577,547

Nasdaq,

Inc.

47,101

3,438,844

Northern

Trust

Corp.

21,845

1,966,705

PNC

Financial

Services

Group,

Inc.

44,919

8,303,277

Principal

Financial

Group,

Inc.

23,254

1,997,519

Progressive

Corp.

65,797

16,696,647

Prologis,

Inc.

REIT

103,541

13,075,157

Prudential

Financial,

Inc.

40,082

4,853,930

Public

Storage

REIT

17,803

6,477,978

Raymond

James

Financial,

Inc.

20,722

2,537,616

Realty

Income

Corp.

REIT

98,224

6,229,366

Regency

Centers

Corp.

REIT

19,260

1,391,150

Regions

Financial

Corp.

101,390

2,365,429

SBA

Communications

Corp.

REIT

11,822

2,845,555

Simon

Property

Group,

Inc.

REIT

34,404

5,814,964

State

Street

Corp.

34,241

3,029,301

Synchrony

Financial

46,230

2,305,952

T.

Rowe

Price

Group,

Inc.

25,299

2,755,820

Travelers

Cos.,

Inc.

25,593

5,991,833

Truist

Financial

Corp.

150,486

6,436,286

U.S.

Bancorp

175,889

8,043,404

UDR,

Inc.

REIT

33,910

1,537,479

Ventas,

Inc.

REIT

46,222

2,964,217

VICI

Properties,

Inc.

REIT

115,942

3,862,028

Visa,

Inc.

Class A 

187,521

51,558,899

W.R.

Berkley

Corp.

32,801

1,860,801

Wells

Fargo

&

Co.

382,101

21,584,886

Welltower,

Inc.

REIT

64,963

8,317,213

Weyerhaeuser

Co.

REIT

81,743

2,767,818

Willis

Towers

Watson

PLC

11,407

3,359,704

766,756,283

Industrial

-

7.3%

spacing

3M

Co.

62,310

8,517,777

A.O.

Smith

Corp.

13,009

1,168,598

Allegion

PLC

10,056

1,465,561

Amcor

PLC

162,973

1,846,484

AMETEK,

Inc.

25,699

4,412,775

Amphenol

Corp.

Class A 

134,466

8,761,805

Axon

Enterprise,

Inc.

*

8,170

3,264,732

Ball

Corp.

33,405

2,268,534

Boeing

Co.

*

64,830

9,856,753

Builders

FirstSource,

Inc.

*

13,051

2,530,067

Carrier

Global

Corp.

93,602

7,534,025

Caterpillar,

Inc.

54,434

21,290,226

CH

Robinson

Worldwide,

Inc.

13,856

1,529,287

CSX

Corp.

217,639

7,515,075

Deere

&

Co.

28,770

12,006,584

Dover

Corp.

15,400

2,952,796

Eaton

Corp.

PLC

44,671

14,805,756

Emerson

Electric

Co.

63,624

6,958,557

Expeditors

International

of

Washington,

Inc.

15,931

2,093,333

90

PACIFIC

SELECT

FUND

EQUITY

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

FedEx

Corp.

25,352

$

6,938,335

Fortive

Corp.

39,097

3,085,926

Garmin

Ltd.

17,009

2,994,094

GE

Vernova,

Inc.

*

30,803

7,854,149

Generac

Holdings,

Inc.

*

7,119

1,131,067

General

Dynamics

Corp.

28,949

8,748,388

General

Electric

Co.

121,723

22,954,523

Honeywell

International,

Inc.

72,913

15,071,846

Howmet

Aerospace,

Inc.

44,215

4,432,554

Hubbell,

Inc.

6,061

2,596,229

Huntington

Ingalls

Industries,

Inc.

4,604

1,217,206

IDEX

Corp.

8,297

1,779,706

Illinois

Tool

Works,

Inc.

30,408

7,969,025

Ingersoll

Rand,

Inc.

45,835

4,499,164

Jabil,

Inc.

12,888

1,544,369

Jacobs

Solutions,

Inc.

14,621

1,913,889

JB

Hunt

Transport

Services,

Inc.

9,458

1,629,897

Johnson

Controls

International

PLC

75,440

5,854,898

Keysight

Technologies,

Inc.

*

19,168

3,046,370

L3Harris

Technologies,

Inc.

21,529

5,121,103

Lockheed

Martin

Corp.

23,814

13,920,712

Martin

Marietta

Materials,

Inc.

6,794

3,656,871

Masco

Corp.

24,488

2,055,523

Mettler-Toledo

International,

Inc.

*

2,390

3,584,283

Mohawk

Industries,

Inc.

*

5,906

948,976

Nordson

Corp.

5,993

1,573,942

Norfolk

Southern

Corp.

25,572

6,354,642

Northrop

Grumman

Corp.

15,578

8,226,274

Old

Dominion

Freight

Line,

Inc.

20,248

4,022,063

Otis

Worldwide

Corp.

44,906

4,667,530

Packaging

Corp.

of

America

9,740

2,097,996

Parker-Hannifin

Corp.

14,499

9,160,758

Pentair

PLC

18,808

1,839,234

Republic

Services,

Inc.

22,937

4,606,667

Rockwell

Automation,

Inc.

12,844

3,448,100

RTX

Corp.

150,033

18,177,998

Smurfit

WestRock

PLC

56,965

2,815,210

Snap-on,

Inc.

5,776

1,673,365

Stanley

Black

&

Decker,

Inc.

16,912

1,862,519

Teledyne

Technologies,

Inc.

*

5,053

2,211,496

Textron,

Inc.

21,135

1,872,138

Trane

Technologies

PLC

25,589

9,947,212

TransDigm

Group,

Inc.

6,352

9,065,130

Trimble,

Inc.

*

28,669

1,780,058

Union

Pacific

Corp.

68,329

16,841,732

United

Parcel

Service,

Inc.

Class B 

82,578

11,258,685

Veralto

Corp.

24,731

2,766,410

Vulcan

Materials

Co.

14,555

3,645,009

Waste

Management,

Inc.

40,872

8,485,027

Westinghouse

Air

Brake

Technologies

Corp.

20,015

3,638,127

Xylem,

Inc.

27,131

3,663,499

401,028,649

Technology

-

30.5%

spacing

Accenture

PLC

Class A (Ireland) 

70,317

24,855,653

Adobe,

Inc.

*

49,775

25,772,499

Advanced

Micro

Devices,

Inc.

*

181,257

29,740,649

Akamai

Technologies,

Inc.

*

17,441

1,760,669

Amentum

Holdings,

Inc.

*

14,621

471,527

Analog

Devices,

Inc.

55,956

12,879,393

ANSYS,

Inc.

*

9,838

3,134,682

Apple,

Inc.

1,706,786

397,681,138

Applied

Materials,

Inc.

92,947

18,779,941

Autodesk,

Inc.

*

24,391

6,719,233

a

Shares

Value

Broadcom,

Inc.

522,548

$

90,139,530

Broadridge

Financial

Solutions,

Inc.

13,133

2,823,989

Cadence

Design

Systems,

Inc.

*

30,632

8,302,191

Cognizant

Technology

Solutions

Corp.

Class A 

54,732

4,224,216

Crowdstrike

Holdings,

Inc.

Class A *

26,054

7,307,365

Dayforce,

Inc.

*

17,149

1,050,376

Dell

Technologies,

Inc.

Class C 

32,294

3,828,131

Electronic

Arts,

Inc.

26,818

3,846,774

EPAM

Systems,

Inc.

*

6,682

1,329,918

Fair

Isaac

Corp.

*

2,763

5,369,946

Fidelity

National

Information

Services,

Inc.

60,942

5,103,892

Fiserv,

Inc.

*

64,630

11,610,780

Fortinet,

Inc.

*

71,203

5,521,793

Gartner,

Inc.

*

8,767

4,442,765

Hewlett

Packard

Enterprise

Co.

147,770

3,023,374

HP,

Inc.

109,851

3,940,355

Intel

Corp.

477,920

11,212,003

International

Business

Machines

Corp.

103,619

22,908,089

Intuit,

Inc.

31,333

19,457,793

Jack

Henry

&

Associates,

Inc.

8,352

1,474,462

KLA

Corp.

15,038

11,645,578

Lam

Research

Corp.

14,635

11,943,331

Leidos

Holdings,

Inc.

15,121

2,464,723

Microchip

Technology,

Inc.

59,730

4,795,722

Micron

Technology,

Inc.

124,782

12,941,141

Microsoft

Corp.

834,419

359,050,496

Monolithic

Power

Systems,

Inc.

5,429

5,019,110

MSCI,

Inc.

8,911

5,194,489

NetApp,

Inc.

23,533

2,906,561

NVIDIA

Corp.

2,761,549

335,362,511

NXP

Semiconductors

NV

(China) 

28,505

6,841,485

ON

Semiconductor

Corp.

*

48,646

3,532,186

Oracle

Corp.

179,820

30,641,328

Palantir

Technologies,

Inc.

Class A *

226,063

8,409,544

Paychex,

Inc.

36,286

4,869,218

Paycom

Software,

Inc.

5,716

952,114

PTC,

Inc.

*

13,514

2,441,439

Qorvo,

Inc.

*

10,835

1,119,255

QUALCOMM,

Inc.

125,055

21,265,603

Roper

Technologies,

Inc.

11,984

6,668,377

Salesforce,

Inc.

108,778

29,773,626

Seagate

Technology

Holdings

PLC

21,636

2,369,791

ServiceNow,

Inc.

*

23,136

20,692,607

Skyworks

Solutions,

Inc.

17,456

1,724,129

Super

Micro

Computer,

Inc.

*

5,501

2,290,616

Synopsys,

Inc.

*

17,104

8,661,295

Take-Two

Interactive

Software,

Inc.

*

17,842

2,742,494

TE

Connectivity

PLC

(Ireland) 

34,619

5,227,123

Teradyne,

Inc.

18,041

2,416,231

Texas

Instruments,

Inc.

102,703

21,215,359

Tyler

Technologies,

Inc.

*

4,916

2,869,568

Western

Digital

Corp.

*

37,314

2,548,173

Zebra

Technologies

Corp.

Class A *

5,848

2,165,631

1,681,473,980

Utilities

-

2.5%

spacing

AES

Corp.

84,444

1,693,947

Alliant

Energy

Corp.

28,136

1,707,574

Ameren

Corp.

29,641

2,592,402

American

Electric

Power

Co.,

Inc.

59,626

6,117,628

American

Water

Works

Co.,

Inc.

22,291

3,259,836

Atmos

Energy

Corp.

16,538

2,293,986

CenterPoint

Energy,

Inc.

71,434

2,101,588

91

PACIFIC

SELECT

FUND

EQUITY

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

a

Shares

Value

CMS

Energy

Corp.

34,535

$

2,439,207

Consolidated

Edison,

Inc.

38,810

4,041,285

Constellation

Energy

Corp.

35,147

9,138,923

Dominion

Energy,

Inc.

93,508

5,403,827

DTE

Energy

Co.

23,337

2,996,704

Duke

Energy

Corp.

86,255

9,945,202

Edison

International

43,214

3,763,507

Entergy

Corp.

23,801

3,132,450

Evergy,

Inc.

25,703

1,593,843

Eversource

Energy

40,278

2,740,918

Exelon

Corp.

111,735

4,530,854

FirstEnergy

Corp.

58,295

2,585,383

NextEra

Energy,

Inc.

230,029

19,444,351

NiSource,

Inc.

50,804

1,760,359

NRG

Energy,

Inc.

22,392

2,039,911

PG&E

Corp.

244,329

4,830,384

Pinnacle

West

Capital

Corp.

13,040

1,155,214

PPL

Corp.

82,607

2,732,640

Public

Service

Enterprise

Group,

Inc.

55,682

4,967,391

Sempra

71,296

5,962,484

Southern

Co.

122,186

11,018,734

Vistra

Corp.

35,878

4,252,978

WEC

Energy

Group,

Inc.

35,918

3,454,593

Xcel

Energy,

Inc.

63,216

4,128,005

137,826,108

Total

Common

Stocks

    (Cost

$2,431,034,675)

5,466,087,970

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.7%

Repurchase

Agreements

-

0.7%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$39,568,983;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$40,355,492)

$

39,564,092

39,564,092

a

Total

Short-Term

Investments

(Cost

$39,564,092)

39,564,092

TOTAL

INVESTMENTS

-

99.9%

(Cost

$2,470,598,767)

5,505,652,062

DERIVATIVES

-

0.0%

1,074,589

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.1%

4,410,819

NET

ASSETS

-

100.0%

$

5,511,137,470

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CME

E-Mini

Standard

&

Poor's

500

Index

12/24

147

$

41,660,149

$

42,734,738

$

1,074,589

a

92

PACIFIC

SELECT

FUND

EQUITY

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

5,466,087,970

$

5,466,087,970

$

–

$

–

Short-Term

Investments

39,564,092

–

39,564,092

–

Derivatives:

Equity

Contracts

Futures

1,074,589

1,074,589

–

–

Total

$

5,506,726,651

$

5,467,162,559

$

39,564,092

$

–

PACIFIC

SELECT

FUND

FOCUSED

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

93

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

99.0%

Basic

Materials

-

1.7%

spacing

Linde

PLC

33,068

$

15,768,807

Communications

-

22.1%

spacing

Alphabet,

Inc.

Class C 

217,782

36,410,973

Amazon.com,

Inc.

*

257,091

47,903,766

Booking

Holdings,

Inc.

6,995

29,463,779

DoorDash,

Inc.

Class A *

67,726

9,666,532

MercadoLibre,

Inc.

*

(Brazil) 

9,535

19,565,439

Meta

Platforms,

Inc.

Class A 

89,345

51,144,652

Shopify,

Inc.

Class A *

(Canada) 

98,059

7,858,448

202,013,589

Consumer,

Cyclical

-

4.3%

spacing

Caesars

Entertainment,

Inc.

*

183,076

7,641,592

Core

&

Main,

Inc.

Class A *

462,212

20,522,213

Las

Vegas

Sands

Corp.

219,350

11,042,079

39,205,884

Consumer,

Non-Cyclical

-

16.1%

spacing

AbbVie,

Inc.

91,044

17,979,369

Amgen,

Inc.

36,917

11,895,027

Argenx

SE

ADR

*

(Netherlands) 

26,507

14,368,914

Danaher

Corp.

65,940

18,332,639

Eli

Lilly

&

Co.

31,620

28,013,423

Madrigal

Pharmaceuticals,

Inc.

*

29,175

6,191,518

Monster

Beverage

Corp.

*

330,630

17,248,967

REVOLUTION

Medicines,

Inc.

*

103,922

4,712,863

UnitedHealth

Group,

Inc.

30,288

17,708,788

Vaxcyte,

Inc.

*

92,483

10,568,032

147,019,540

Financial

-

9.9%

spacing

American

Tower

Corp.

REIT

61,524

14,308,022

CoStar

Group,

Inc.

*

93,137

7,026,255

Intercontinental

Exchange,

Inc.

65,493

10,520,796

Mastercard,

Inc.

Class A 

60,368

29,809,718

Progressive

Corp.

59,268

15,039,848

Visa,

Inc.

Class A 

49,514

13,613,874

90,318,513

Industrial

-

5.7%

spacing

Deere

&

Co.

25,088

10,469,975

Howmet

Aerospace,

Inc.

201,817

20,232,154

Vertiv

Holdings

Co.

Class A 

217,894

21,678,274

52,380,403

Technology

-

39.2%

spacing

Advanced

Micro

Devices,

Inc.

*

116,034

19,038,859

Apple,

Inc.

234,336

54,600,288

ASML

Holding

NV

(Netherlands) 

24,861

20,715,428

Marvell

Technology,

Inc.

272,099

19,623,780

Microsoft

Corp.

213,341

91,800,632

NVIDIA

Corp.

578,837

70,293,965

Oracle

Corp.

227,088

38,695,795

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

ADR

(Taiwan) 

117,050

20,328,074

a

Shares

Value

Workday,

Inc.

Class A *

93,788

$

22,922,725

358,019,546

Total

Common

Stocks

    (Cost

$622,655,544)

904,726,282

Principal

Amount

SHORT-TERM

INVESTMENTS

-

1.4%

U.S.

Treasury

Bills

-

1.4%

0.000%

due

10/01/24 

$

13,200,000

13,200,000

Total

Short-Term

Investments

(Cost

$13,200,000)

13,200,000

TOTAL

INVESTMENTS

-

100.4%

(Cost

$635,855,544)

917,926,282

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.4%)

(

3,368,802

)

NET

ASSETS

-

100.0%

$

914,557,480

94

PACIFIC

SELECT

FUND

FOCUSED

GROWTH

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

904,726,282

$

904,726,282

$

–

$

–

Short-Term

Investments

13,200,000

–

13,200,000

–

Total

$

917,926,282

$

904,726,282

$

13,200,000

$

–

PACIFIC

SELECT

FUND

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

95

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

98.9%

Basic

Materials

-

1.6%

spacing

Linde

PLC

56,567

$

26,974,540

Communications

-

19.4%

spacing

Alphabet,

Inc.

Class A 

535,542

88,819,641

Alphabet,

Inc.

Class C 

28,453

4,757,057

Amazon.com,

Inc.

*

517,013

96,335,032

Meta

Platforms,

Inc.

Class A 

173,455

99,292,580

Netflix,

Inc.

*

6,162

4,370,522

Shopify,

Inc.

Class A *

(Canada) 

32,943

2,640,052

Spotify

Technology

SA

*

62,086

22,880,554

Uber

Technologies,

Inc.

*

256,897

19,308,378

338,403,816

Consumer,

Cyclical

-

3.6%

spacing

Chipotle

Mexican

Grill,

Inc.

*

232,859

13,417,336

Hilton

Worldwide

Holdings,

Inc.

104,788

24,153,634

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(France) 

15,811

12,125,068

O'Reilly

Automotive,

Inc.

*

12,008

13,828,413

63,524,451

Consumer,

Non-Cyclical

-

16.5%

spacing

Agilent

Technologies,

Inc.

75,392

11,194,204

Boston

Scientific

Corp.

*

406,779

34,088,080

Colgate-Palmolive

Co.

145,988

15,155,014

Danaher

Corp.

69,393

19,292,642

Eli

Lilly

&

Co.

45,249

40,087,899

ICON

PLC

*

7,648

2,197,347

Intuitive

Surgical,

Inc.

*

30,942

15,200,876

Moody's

Corp.

32,221

15,291,764

Philip

Morris

International,

Inc.

187,430

22,754,002

Regeneron

Pharmaceuticals,

Inc.

*

15,054

15,825,367

STERIS

PLC

24,395

5,916,763

Thermo

Fisher

Scientific,

Inc.

39,359

24,346,297

TransUnion

198,575

20,790,803

Verisk

Analytics,

Inc.

71,532

19,167,715

Vertex

Pharmaceuticals,

Inc.

*

55,264

25,702,181

287,010,954

Energy

-

0.7%

spacing

Cheniere

Energy,

Inc.

67,666

12,169,053

Financial

-

9.8%

spacing

Apollo

Global

Management,

Inc.

21,323

2,663,456

ARES

Management

Corp.

Class A 

97,127

15,136,272

Arthur

J

Gallagher

&

Co.

46,431

13,064,290

CoStar

Group,

Inc.

*

199,722

15,067,028

Goldman

Sachs

Group,

Inc.

16,172

8,006,919

KKR

&

Co.,

Inc.

220,784

28,829,975

Mastercard,

Inc.

Class A 

113,878

56,232,956

Visa,

Inc.

Class A 

111,853

30,753,982

169,754,878

Industrial

-

8.4%

spacing

AMETEK,

Inc.

68,533

11,767,802

Amphenol

Corp.

Class A 

379,885

24,753,307

Eaton

Corp.

PLC

105,935

35,111,096

General

Electric

Co.

106,721

20,125,446

Howmet

Aerospace,

Inc.

202,957

20,346,439

a

Shares

Value

Trane

Technologies

PLC

26,584

$

10,333,998

Vulcan

Materials

Co.

94,309

23,617,803

146,055,891

Technology

-

38.3%

spacing

Apple,

Inc.

417,620

97,305,460

ASML

Holding

NV

(Netherlands) 

31,797

26,494,850

Autodesk,

Inc.

*

12,998

3,580,689

Cadence

Design

Systems,

Inc.

*

80,005

21,683,755

Datadog,

Inc.

Class A *

50,210

5,777,163

Gartner,

Inc.

*

32,433

16,435,747

Intuit,

Inc.

26,769

16,623,549

KLA

Corp.

22,458

17,391,700

Lam

Research

Corp.

10,771

8,789,998

Manhattan

Associates,

Inc.

*

9,393

2,643,002

Marvell

Technology,

Inc.

32,303

2,329,692

Microsoft

Corp.

469,305

201,941,942

MSCI,

Inc.

22,146

12,909,568

NVIDIA

Corp.

1,119,235

135,919,898

QUALCOMM,

Inc.

17,680

3,006,484

Salesforce,

Inc.

41,660

11,402,759

ServiceNow,

Inc.

*

32,678

29,226,876

Synopsys,

Inc.

*

46,109

23,349,137

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

ADR

(Taiwan) 

73,808

12,818,235

Take-Two

Interactive

Software,

Inc.

*

72,031

11,071,885

Veeva

Systems,

Inc.

Class A *

29,854

6,265,459

666,967,848

Utilities

-

0.6%

spacing

NextEra

Energy,

Inc.

41,963

3,547,132

Vistra

Corp.

55,163

6,539,022

10,086,154

Total

Common

Stocks

    (Cost

$1,064,725,909)

1,720,947,585

Principal

Amount

SHORT-TERM

INVESTMENTS

-

1.2%

U.S.

Government

Agency

Issues

-

1.2%

Federal

Home

Loan

Banks

4.831%

due

10/01/24 

$

21,106,000

21,103,280

Total

Short-Term

Investments

(Cost

$21,106,000)

21,103,280

TOTAL

INVESTMENTS

-

100.1%

(Cost

$1,085,831,909)

1,742,050,865

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.1%)

(

1,041,260

)

NET

ASSETS

-

100.0%

$

1,741,009,605

96

PACIFIC

SELECT

FUND

GROWTH

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

Basic

Materials

$

26,974,540

$

26,974,540

$

–

$

–

Communications

338,403,816

338,403,816

–

–

Consumer,

Cyclical

63,524,451

51,399,383

12,125,068

–

Consumer,

Non-Cyclical

287,010,954

287,010,954

–

–

Energy

12,169,053

12,169,053

–

–

Financial

169,754,878

169,754,878

–

–

Industrial

146,055,891

146,055,891

–

–

Technology

666,967,848

666,967,848

–

–

Utilities

10,086,154

10,086,154

–

–

Total

Common

Stocks

1,720,947,585

1,708,822,517

12,125,068

–

Short-Term

Investments

21,103,280

–

21,103,280

–

Total

$

1,742,050,865

$

1,708,822,517

$

33,228,348

$

–

PACIFIC

SELECT

FUND

HEDGED

EQUITY

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

97

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

98.8%

Basic

Materials

-

1.9%

spacing

Dow,

Inc.

31,567

$

1,724,505

Eastman

Chemical

Co.

1,043

116,764

Linde

PLC

7,385

3,521,611

LyondellBasell

Industries

NV

Class A 

9,839

943,560

Nucor

Corp.

2,975

447,262

PPG

Industries,

Inc.

‡

6,614

876,090

7,629,792

Communications

-

13.6%

spacing

Alphabet,

Inc.

Class A ‡

48,354

8,019,511

Alphabet,

Inc.

Class C ‡

36,513

6,104,608

Amazon.com,

Inc.

* ‡

86,405

16,099,844

Booking

Holdings,

Inc.

‡

618

2,603,090

Charter

Communications,

Inc.

Class A * ‡

2,538

822,515

Comcast

Corp.

Class A ‡

70,189

2,931,795

DoorDash,

Inc.

Class A *

1,963

280,179

Expedia

Group,

Inc.

*

6,960

1,030,219

Meta

Platforms,

Inc.

Class A ‡

20,444

11,702,963

Motorola

Solutions,

Inc.

1,378

619,590

Netflix,

Inc.

* ‡

499

353,926

Sirius

XM

Holdings,

Inc.

10,322

244,115

T-Mobile

U.S.,

Inc.

‡

6,774

1,397,883

Uber

Technologies,

Inc.

* ‡

33,717

2,534,170

54,744,408

Consumer,

Cyclical

-

7.9%

spacing

Aptiv

PLC

*

7,252

522,216

AutoZone,

Inc.

* ‡

926

2,916,937

Best

Buy

Co.,

Inc.

‡

8,835

912,655

Burlington

Stores,

Inc.

*

3,659

964,073

Chipotle

Mexican

Grill,

Inc.

* ‡

34,693

1,999,011

Costco

Wholesale

Corp.

‡

2,785

2,468,958

Delta

Air

Lines,

Inc.

14,957

759,666

Hilton

Worldwide

Holdings,

Inc.

5,584

1,287,112

Lennar

Corp.

Class A 

3,303

619,246

LKQ

Corp.

3,700

147,704

Lowe's

Cos.,

Inc.

‡

15,902

4,307,057

Lululemon

Athletica,

Inc.

*

1,780

483,003

McDonald's

Corp.

‡

6,643

2,022,860

O'Reilly

Automotive,

Inc.

*

418

481,369

PACCAR,

Inc.

5,657

558,233

Ross

Stores,

Inc.

10,103

1,520,603

Royal

Caribbean

Cruises

Ltd.

8,644

1,533,100

Target

Corp.

3,814

594,450

Tesla,

Inc.

* ‡

19,509

5,104,140

Toll

Brothers,

Inc.

1,681

259,698

Warner

Music

Group

Corp.

Class A 

14,120

441,956

Yum!

Brands,

Inc.

‡

14,630

2,043,957

31,948,004

Consumer,

Non-Cyclical

-

16.1%

spacing

Abbott

Laboratories

5,222

595,360

AbbVie,

Inc.

‡

26,596

5,252,178

Altria

Group,

Inc.

‡

11,170

570,117

Baxter

International,

Inc.

7,241

274,941

Biogen,

Inc.

*

2,936

569,114

BioMarin

Pharmaceutical,

Inc.

*

1,897

133,340

Block,

Inc.

*

4,522

303,562

Boston

Scientific

Corp.

* ‡

24,899

2,086,536

Bristol-Myers

Squibb

Co.

‡

45,643

2,361,569

a

Shares

Value

Church

&

Dwight

Co.,

Inc.

7,929

$

830,325

Coca-Cola

Co.

‡

44,170

3,174,056

Corpay,

Inc.

*

4,921

1,539,092

Danaher

Corp.

‡

8,374

2,328,139

Dexcom,

Inc.

*

1,563

104,783

Elevance

Health,

Inc.

‡

3,196

1,661,920

Eli

Lilly

&

Co.

‡

5,853

5,185,407

Estee

Lauder

Cos.,

Inc.

Class A 

3,254

324,391

HCA

Healthcare,

Inc.

1,318

535,675

Humana,

Inc.

2,371

750,991

Johnson

&

Johnson

‡

14,178

2,297,687

Kenvue,

Inc.

40,890

945,786

McKesson

Corp.

1,072

530,018

Medtronic

PLC

21,545

1,939,696

Merck

&

Co.,

Inc.

‡

12,948

1,470,375

Mondelez

International,

Inc.

Class A ‡

44,475

3,276,473

Monster

Beverage

Corp.

*

25,029

1,305,763

Neurocrine

Biosciences,

Inc.

*

2,500

288,050

PepsiCo,

Inc.

‡

17,636

2,999,002

Philip

Morris

International,

Inc.

‡

10,093

1,225,290

Procter

&

Gamble

Co.

7,323

1,268,344

Regeneron

Pharmaceuticals,

Inc.

* ‡

2,173

2,284,345

Sarepta

Therapeutics,

Inc.

*

1,215

151,741

Stryker

Corp.

8,110

2,929,819

Thermo

Fisher

Scientific,

Inc.

‡

6,325

3,912,455

United

Rentals,

Inc.

885

716,611

UnitedHealth

Group,

Inc.

‡

11,056

6,464,222

Vertex

Pharmaceuticals,

Inc.

* ‡

5,027

2,337,957

64,925,130

Energy

-

3.3%

spacing

Baker

Hughes

Co.

16,746

605,368

Chevron

Corp.

‡

4,189

616,914

ConocoPhillips

‡

26,375

2,776,760

Diamondback

Energy,

Inc.

‡

7,739

1,334,204

EOG

Resources,

Inc.

‡

16,513

2,029,943

EQT

Corp.

5,304

194,338

Exxon

Mobil

Corp.

‡

48,324

5,664,539

13,222,066

Financial

-

14.1%

spacing

Ameriprise

Financial,

Inc.

1,716

806,194

Aon

PLC

Class A 

4,223

1,461,116

Bank

of

America

Corp.

‡

115,065

4,565,779

Berkshire

Hathaway,

Inc.

Class B * ‡

12,660

5,826,892

Charles

Schwab

Corp.

21,426

1,388,619

Citigroup,

Inc.

17,419

1,090,429

CME

Group,

Inc.

10,652

2,350,364

Digital

Realty

Trust,

Inc.

REIT

9,026

1,460,678

Equinix,

Inc.

REIT

225

199,717

Equity

LifeStyle

Properties,

Inc.

REIT

12,262

874,771

Fifth

Third

Bancorp

41,098

1,760,638

Goldman

Sachs

Group,

Inc.

‡

4,566

2,260,672

KKR

&

Co.,

Inc.

5,405

705,785

Mastercard,

Inc.

Class A ‡

13,452

6,642,598

MetLife,

Inc.

14,676

1,210,476

Morgan

Stanley

5,438

566,857

Principal

Financial

Group,

Inc.

9,446

811,411

Progressive

Corp.

‡

11,837

3,003,757

Prologis,

Inc.

REIT

17,208

2,173,026

SBA

Communications

Corp.

REIT

5,708

1,373,916

Travelers

Cos.,

Inc.

‡

7,904

1,850,485

Truist

Financial

Corp.

‡

49,076

2,098,981

U.S.

Bancorp

30,145

1,378,531

98

PACIFIC

SELECT

FUND

HEDGED

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Ventas,

Inc.

REIT

25,057

$

1,606,905

Visa,

Inc.

Class A ‡

18,302

5,032,135

Wells

Fargo

&

Co.

‡

57,433

3,244,390

Welltower,

Inc.

REIT

8,111

1,038,451

56,783,573

Industrial

-

7.5%

spacing

AMETEK,

Inc.

1,411

242,283

Carrier

Global

Corp.

24,872

2,001,947

CSX

Corp.

47,196

1,629,678

Deere

&

Co.

‡

7,062

2,947,184

Eaton

Corp.

PLC

4,283

1,419,558

FedEx

Corp.

4,594

1,257,286

Honeywell

International,

Inc.

‡

18,295

3,781,759

Howmet

Aerospace,

Inc.

22,212

2,226,753

Ingersoll

Rand,

Inc.

6,961

683,292

Martin

Marietta

Materials,

Inc.

913

491,422

Masco

Corp.

‡

11,824

992,507

Northrop

Grumman

Corp.

1,431

755,668

Otis

Worldwide

Corp.

‡

20,339

2,114,036

Textron,

Inc.

13,887

1,230,111

Trane

Technologies

PLC

9,532

3,705,374

TransDigm

Group,

Inc.

1,367

1,950,887

Union

Pacific

Corp.

‡

2,953

727,855

United

Parcel

Service,

Inc.

Class B ‡

16,450

2,242,793

30,400,393

Technology

-

31.9%

spacing

Accenture

PLC

Class A (Ireland) 

5,877

2,077,402

Adobe,

Inc.

*

1,244

644,118

Advanced

Micro

Devices,

Inc.

* ‡

13,811

2,266,109

Analog

Devices,

Inc.

‡

13,721

3,158,163

Apple,

Inc.

‡

124,034

28,899,922

Broadcom,

Inc.

24,281

4,188,473

Cadence

Design

Systems,

Inc.

*

2,242

607,649

Cognizant

Technology

Solutions

Corp.

Class A 

23,734

1,831,790

Fair

Isaac

Corp.

*

204

396,478

Fidelity

National

Information

Services,

Inc.

24,095

2,017,956

Hewlett

Packard

Enterprise

Co.

38,273

783,066

Intuit,

Inc.

‡

4,133

2,566,593

Lam

Research

Corp.

2,011

1,641,137

Leidos

Holdings,

Inc.

‡

9,334

1,521,442

Marvell

Technology,

Inc.

2,773

199,989

Micron

Technology,

Inc.

23,288

2,415,198

Microsoft

Corp.

‡

68,060

29,286,218

NVIDIA

Corp.

‡

218,643

26,552,006

NXP

Semiconductors

NV

(China) 

12,987

3,117,010

Salesforce,

Inc.

12,651

3,462,705

Seagate

Technology

Holdings

PLC

18,312

2,005,713

ServiceNow,

Inc.

* ‡

4,315

3,859,293

TE

Connectivity

PLC

(Ireland) 

2,530

382,005

Texas

Instruments,

Inc.

‡

17,466

3,607,952

Western

Digital

Corp.

*

11,784

804,729

128,293,116

Utilities

-

2.5%

spacing

CMS

Energy

Corp.

13,431

948,632

NextEra

Energy,

Inc.

‡

36,538

3,088,557

NRG

Energy,

Inc.

1,888

171,997

PG&E

Corp.

97,082

1,919,311

Southern

Co.

‡

39,409

3,553,904

a

Shares

Value

Vistra

Corp.

2,795

$

331,319

10,013,720

Total

Common

Stocks

    (Cost

$309,267,988)

397,960,202

Principal

Amount

SHORT-TERM

INVESTMENTS

-

1.1%

Repurchase

Agreements

-

1.1%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$4,314,704;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$4,400,464)

$

4,314,170

4,314,170

a

Total

Short-Term

Investments

(Cost

$4,314,170)

4,314,170

TOTAL

INVESTMENTS

-

99.9%

(Cost

$313,582,158)

402,274,372

DERIVATIVES

-

0.1%

453,033

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

164,648

)

NET

ASSETS

-

100.0%

$

402,562,757

99

PACIFIC

SELECT

FUND

HEDGED

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

(b)

As

of

September

30,

2024,

purchased

options

outstanding

were

as

follows:

(c)

As

of

September

30,

2024,

premiums

received,

and

value

of

written

options

outstanding

were

as

follows:

(d)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CME

E-Mini

Standard

&

Poor's

500

Index

12/24

14

$

4,043,942

$

4,069,975

$

26,033

a

Options

on

Indices

Description

Exercise

Price

Expiration

Date

Exchange

Number

of

Contracts

Notional

Amount

Cost

Value

Put

-

S&P

500

Index

$

5,450.00

12/31/24

CBOE

700

$

381,500,000

$

5,180,700

$

5,239,500

Total

Purchased

Options

$

5,180,700

$

5,239,500

Options

on

Indices

Description

Exercise

Price

Expiration

Date

Exchange

Number

of

Contracts

Notional

Amount

Premium

Value

Call

-

S&P

500

Index

$

6,055.00

12/31/24

CBOE

700

$

423,850,000

$

3,693,900

(

$

3,633,000

)

a

Put

-

S&P

500

Index

4,600.00

12/31/24

CBOE

700

322,000,000

$

1,173,200

(

$

1,179,500

)

a

Total

Written

Options

$

4,867,100

(

$

4,812,500

)

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

397,960,202

$

397,960,202

$

–

$

–

Short-Term

Investments

4,314,170

–

4,314,170

–

Derivatives:

Equity

Contracts

Futures

26,033

26,033

–

–

Purchased

Options

5,239,500

–

5,239,500

–

Total

Equity

Contracts

5,265,533

26,033

5,239,500

–

Total

Assets

407,539,905

397,986,235

9,553,670

–

Liabilities

Derivatives:

Equity

Contracts

Written

Options

(

4,812,500

)

–

(

4,812,500

)

–

Total

Liabilities

(

4,812,500

)

–

(

4,812,500

)

–

Total

$

402,727,405

$

397,986,235

$

4,741,170

$

–

PACIFIC

SELECT

FUND

LARGE-CAP

CORE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

100

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

99.7%

Communications

-

10.4%

spacing

Alphabet,

Inc.

Class A 

458,974

$

76,120,838

Amazon.com,

Inc.

*

623,387

116,155,700

Meta

Platforms,

Inc.

Class A 

163,472

93,577,911

285,854,449

Consumer,

Cyclical

-

8.4%

spacing

AutoZone,

Inc.

*

9,752

30,719,190

Chipotle

Mexican

Grill,

Inc.

*

433,072

24,953,609

Lowe's

Cos.,

Inc.

268,666

72,768,186

Marriott

International,

Inc.

Class A 

97,923

24,343,658

McDonald's

Corp.

133,100

40,530,281

Tesla,

Inc.

*

58,918

15,414,716

TJX

Cos.,

Inc.

179,395

21,086,088

229,815,728

Consumer,

Non-Cyclical

-

14.4%

spacing

AbbVie,

Inc.

313,966

62,002,006

Biogen,

Inc.

*

57,492

11,144,249

Block,

Inc.

*

206,678

13,874,294

Corpay,

Inc.

*

47,193

14,760,083

Eli

Lilly

&

Co.

31,241

27,677,652

Medtronic

PLC

312,163

28,104,035

Mondelez

International,

Inc.

Class A 

451,449

33,258,248

Regeneron

Pharmaceuticals,

Inc.

*

56,173

59,051,304

Stryker

Corp.

120,782

43,633,705

UnitedHealth

Group,

Inc.

125,958

73,645,123

Vertex

Pharmaceuticals,

Inc.

*

63,802

29,673,034

396,823,733

Energy

-

4.7%

spacing

Baker

Hughes

Co.

1,675,676

60,575,687

Exxon

Mobil

Corp.

590,849

69,259,320

129,835,007

Financial

-

12.1%

spacing

American

Express

Co.

213,095

57,791,364

Ameriprise

Financial,

Inc.

82,916

38,954,766

Mastercard,

Inc.

Class A 

138,100

68,193,780

Morgan

Stanley

203,301

21,192,096

Prologis,

Inc.

REIT

157,076

19,835,557

Travelers

Cos.,

Inc.

108,611

25,428,008

U.S.

Bancorp

684,786

31,315,264

Wells

Fargo

&

Co.

1,266,757

71,559,103

334,269,938

Industrial

-

12.8%

spacing

Carrier

Global

Corp.

332,027

26,724,853

CSX

Corp.

1,613,426

55,711,600

Deere

&

Co.

97,890

40,852,434

Eaton

Corp.

PLC

180,783

59,918,718

Howmet

Aerospace,

Inc.

265,525

26,618,881

Northrop

Grumman

Corp.

102,614

54,187,375

Trane

Technologies

PLC

99,166

38,548,799

Vulcan

Materials

Co.

204,489

51,210,180

353,772,840

Technology

-

32.8%

spacing

Analog

Devices,

Inc.

111,521

25,668,788

Apple,

Inc.

912,294

212,564,502

a

Shares

Value

Intuit,

Inc.

60,592

$

37,627,632

Marvell

Technology,

Inc.

261,211

18,838,537

Micron

Technology,

Inc.

279,655

29,003,020

Microsoft

Corp.

567,329

244,121,669

NVIDIA

Corp.

1,629,743

197,915,990

NXP

Semiconductors

NV

(China) 

260,194

62,449,162

Oracle

Corp.

338,987

57,763,385

Seagate

Technology

Holdings

PLC

177,322

19,422,079

905,374,764

Utilities

-

4.1%

spacing

NextEra

Energy,

Inc.

473,963

40,064,093

PG&E

Corp.

2,334,126

46,145,671

Southern

Co.

289,857

26,139,304

112,349,068

Total

Common

Stocks

    (Cost

$2,250,649,810)

2,748,095,527

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.3%

Repurchase

Agreements

-

0.3%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$9,294,031;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$9,478,761)

$

9,292,882

9,292,882

a

Total

Short-Term

Investments

(Cost

$9,292,882)

9,292,882

TOTAL

INVESTMENTS

-

100.0%

(Cost

$2,259,942,692)

2,757,388,409

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.0%

114,753

NET

ASSETS

-

100.0%

$

2,757,503,162

101

PACIFIC

SELECT

FUND

LARGE-CAP

CORE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

2,748,095,527

$

2,748,095,527

$

–

$

–

Short-Term

Investments

9,292,882

–

9,292,882

–

Total

$

2,757,388,409

$

2,748,095,527

$

9,292,882

$

–

PACIFIC

SELECT

FUND

LARGE-CAP

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

102

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

RIGHTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Gamida

Cell

Ltd.

-

Contingent

Value

Rights

* ± Ω

334,500

$

–

Total

Rights

    (Cost

$681,406)

–

COMMON

STOCKS

-

98.7%

Basic

Materials

-

0.5%

spacing

Carpenter

Technology

Corp.

12,500

1,994,750

Codexis,

Inc.

*

217,794

670,805

International

Paper

Co.

150,114

7,333,069

9,998,624

Communications

-

17.8%

spacing

Airbnb,

Inc.

Class A *

164,967

20,919,465

Alphabet,

Inc.

Class A 

476,580

79,040,793

Amazon.com,

Inc.

*

444,283

82,783,252

MercadoLibre,

Inc.

*

(Brazil) 

9,044

18,557,926

Meta

Platforms,

Inc.

Class A 

52,225

29,895,679

Trip.com

Group

Ltd.

ADR

*

(China) 

186,160

11,063,489

Uber

Technologies,

Inc.

*

1,034,711

77,768,879

Zillow

Group,

Inc.

Class A *

29,700

1,839,321

Zillow

Group,

Inc.

Class C *

57,800

3,690,530

325,559,334

Consumer,

Cyclical

-

5.6%

spacing

BYD

Co.

Ltd.

Class H (China) 

321,342

11,464,819

Domino's

Pizza,

Inc.

18,842

8,104,698

Ferguson

Enterprises,

Inc.

71,132

13,979,692

Floor

&

Decor

Holdings,

Inc.

Class A *

40,079

4,976,609

Kura

Sushi

USA,

Inc.

Class A *

35,622

2,869,708

Live

Nation

Entertainment,

Inc.

*

51,671

5,657,458

Lowe's

Cos.,

Inc.

68,504

18,554,308

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(France) 

7,739

5,934,849

Mobileye

Global,

Inc.

Class A *

(Israel) 

56,700

776,790

Savers

Value

Village,

Inc.

*

177,248

1,864,649

Universal

Music

Group

NV

(Netherlands) 

958,484

25,075,100

Warner

Music

Group

Corp.

Class A 

93,699

2,932,779

102,191,459

Consumer,

Non-Cyclical

-

19.5%

spacing

Aclaris

Therapeutics,

Inc.

*

25,112

28,879

Align

Technology,

Inc.

*

47,111

11,981,270

Alnylam

Pharmaceuticals,

Inc.

*

64,201

17,657,201

Arcellx,

Inc.

*

9,323

778,564

Arrowhead

Pharmaceuticals,

Inc.

*

40,447

783,458

Beam

Therapeutics,

Inc.

*

12,395

303,677

Bio-Techne

Corp.

43,584

3,483,669

BioNTech

SE

ADR

*

(Germany) 

58,419

6,938,425

Blueprint

Medicines

Corp.

*

6,543

605,227

Boston

Scientific

Corp.

*

562,071

47,101,550

Bruker

Corp.

171,615

11,851,732

Chugai

Pharmaceutical

Co.

Ltd.

(Japan) 

100,195

4,856,561

Cytokinetics,

Inc.

*

35,444

1,871,443

Danaher

Corp.

52,031

14,465,659

Eli

Lilly

&

Co.

54,209

48,025,921

Equifax,

Inc.

112,478

33,052,785

Exact

Sciences

Corp.

*

319,721

21,779,395

a

Shares

Value

Galapagos

NV

ADR

*

(Belgium) 

67,400

$

1,940,446

Gilead

Sciences,

Inc.

141,068

11,827,141

Glaukos

Corp.

*

38,568

5,024,639

HealthEquity,

Inc.

*

179,720

14,710,082

Hologic,

Inc.

*

194,806

15,868,897

Hookipa

Pharma,

Inc.

*

10,725

46,117

Immunocore

Holdings

PLC

ADR

*

(United

Kingdom) 

29,457

916,996

Insmed,

Inc.

*

170,492

12,445,916

Janux

Therapeutics,

Inc.

*

3,600

163,548

Krystal

Biotech,

Inc.

*

5,900

1,073,977

Lantheus

Holdings,

Inc.

*

15,390

1,689,052

Legend

Biotech

Corp.

ADR

*

36,083

1,758,325

MaxCyte,

Inc.

*

177,475

690,378

Moderna,

Inc.

*

17,420

1,164,179

Monster

Beverage

Corp.

*

203,033

10,592,232

Penumbra,

Inc.

*

12,025

2,336,578

Puig

Brands

SA

Class B *

(Spain) 

30,600

703,328

Pulmonx

Corp.

*

35,400

293,466

RELX

PLC

ADR

(United

Kingdom) 

184,906

8,775,639

RxSight,

Inc.

*

9,800

484,414

Sarepta

Therapeutics,

Inc.

*

9,552

1,192,949

Synlogic,

Inc.

*

6,546

9,754

Teva

Pharmaceutical

Industries

Ltd.

ADR

*

(Israel) 

587,887

10,593,724

Toast,

Inc.

Class A *

301,015

8,521,735

UCB

SA

(Belgium) 

50,586

9,131,625

UL

Solutions,

Inc.

Class A 

109,075

5,377,397

Vor

BioPharma,

Inc.

*

76,132

53,292

XOMA

Royalty

Corp.

*

48,952

1,296,249

Zevra

Therapeutics,

Inc.

*

110,100

764,094

355,011,585

Energy

-

1.4%

spacing

Canadian

Natural

Resources

Ltd.

(Canada) 

82,540

2,741,153

Cheniere

Energy,

Inc.

83,653

15,044,156

Range

Resources

Corp.

242,248

7,451,548

25,236,857

Financial

-

6.2%

spacing

Arthur

J

Gallagher

&

Co.

47,059

13,240,991

Baldwin

Insurance

Group,

Inc.

*

112,179

5,586,514

Capital

One

Financial

Corp.

69,244

10,367,904

Corebridge

Financial,

Inc.

133,888

3,904,174

Intercontinental

Exchange,

Inc.

107,409

17,254,182

Mastercard,

Inc.

Class A 

61,773

30,503,508

Rocket

Cos.,

Inc.

Class A *

317,867

6,099,868

Visa,

Inc.

Class A 

96,873

26,635,231

113,592,372

Industrial

-

7.0%

spacing

Aspen

Aerogels,

Inc.

*

81,215

2,248,843

Chart

Industries,

Inc.

*

13,536

1,680,359

Chemometec

AS

(Denmark) 

19,504

1,185,386

Deere

&

Co.

17,800

7,428,474

Eagle

Materials,

Inc.

3,600

1,035,540

Energy

Recovery,

Inc.

*

44,407

772,238

Flex

Ltd.

*

309,400

10,343,242

GE

Vernova,

Inc.

*

65,661

16,742,242

General

Electric

Co.

151,981

28,660,577

Ingersoll

Rand,

Inc.

185,119

18,171,281

Jabil,

Inc.

55,510

6,651,763

Loar

Holdings,

Inc.

*

1,600

119,344

103

PACIFIC

SELECT

FUND

LARGE-CAP

GROWTH

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Martin

Marietta

Materials,

Inc.

14,028

$

7,550,571

Montrose

Environmental

Group,

Inc.

*

14,400

378,720

Simpson

Manufacturing

Co.,

Inc.

5,000

956,350

TopBuild

Corp.

*

16,595

6,751,012

Universal

Display

Corp.

45,296

9,507,631

Westinghouse

Air

Brake

Technologies

Corp.

38,045

6,915,440

127,099,013

Technology

-

40.7%

spacing

Allegro

MicroSystems,

Inc.

*

(Japan) 

283,489

6,605,294

Apple,

Inc.

1,000,092

233,021,436

ASML

Holding

NV

(Netherlands) 

24,718

20,596,273

Astera

Labs,

Inc.

*

2,900

151,931

BE

Semiconductor

Industries

NV

(Netherlands) 

79,772

10,174,161

Duolingo,

Inc.

*

8,723

2,460,060

Fiserv,

Inc.

*

21,169

3,803,011

HubSpot,

Inc.

*

26,442

14,056,567

KBR,

Inc.

237,800

15,487,914

Manhattan

Associates,

Inc.

*

42,880

12,065,574

Microsoft

Corp.

462,550

199,035,265

MongoDB,

Inc.

*

84,628

22,879,180

Nice

Ltd.

ADR

*

(Israel) 

35,881

6,231,453

Nutanix,

Inc.

Class A *

40,700

2,411,475

NVIDIA

Corp.

755,850

91,790,424

ServiceNow,

Inc.

*

12,097

10,819,436

SiTime

Corp.

*

69,615

11,939,669

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

ADR

(Taiwan) 

423,881

73,615,413

Volue

ASA

*

(Norway) 

198,869

787,716

Zeta

Global

Holdings

Corp.

Class A *

173,600

5,178,488

743,110,740

Total

Common

Stocks

    (Cost

$1,400,527,164)

1,801,799,984

Principal

Amount

SHORT-TERM

INVESTMENTS

-

1.4%

Repurchase

Agreements

-

1.4%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$25,154,882;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$25,655,001)

$

25,151,773

25,151,773

a

Total

Short-Term

Investments

(Cost

$25,151,773)

25,151,773

TOTAL

INVESTMENTS

-

100.1%

(Cost

$1,426,360,343)

1,826,951,757

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.1%)

(

1,933,167

)

NET

ASSETS

-

100.0%

$

1,825,018,590

104

PACIFIC

SELECT

FUND

LARGE-CAP

GROWTH

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

Basic

Materials

$

9,998,624

$

9,998,624

$

–

$

–

Communications

325,559,334

325,559,334

–

–

Consumer,

Cyclical

102,191,459

59,716,691

42,474,768

–

Consumer,

Non-Cyclical

355,011,585

340,320,071

14,691,514

–

Energy

25,236,857

25,236,857

–

–

Financial

113,592,372

113,592,372

–

–

Industrial

127,099,013

125,913,627

1,185,386

–

Technology

743,110,740

732,936,579

10,174,161

–

Total

Common

Stocks

1,801,799,984

1,733,274,155

68,525,829

–

Short-Term

Investments

25,151,773

–

25,151,773

–

Total

$

1,826,951,757

$

1,733,274,155

$

93,677,602

$

–

PACIFIC

SELECT

FUND

LARGE-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

105

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

99.6%

Basic

Materials

-

5.4%

spacing

Air

Products

&

Chemicals,

Inc.

169,245

$

50,391,006

Sherwin-Williams

Co.

80,173

30,599,629

80,990,635

Communications

-

7.9%

spacing

Alphabet,

Inc.

Class A 

131,390

21,791,032

Comcast

Corp.

Class A 

653,833

27,310,604

Meta

Platforms,

Inc.

Class A 

31,719

18,157,224

Motorola

Solutions,

Inc.

88,778

39,917,252

Walt

Disney

Co.

117,352

11,288,089

118,464,201

Consumer,

Cyclical

-

3.8%

spacing

Home

Depot,

Inc.

66,756

27,049,531

O'Reilly

Automotive,

Inc.

*

16,300

18,771,080

Starbucks

Corp.

114,200

11,133,358

56,953,969

Consumer,

Non-Cyclical

-

18.4%

spacing

Becton

Dickinson

&

Co.

123,083

29,675,311

CVS

Health

Corp.

372,224

23,405,445

Elevance

Health,

Inc.

44,161

22,963,720

Haleon

PLC

ADR

2,411,045

25,508,856

Johnson

&

Johnson

181,812

29,464,453

McKesson

Corp.

69,386

34,305,826

Merck

&

Co.,

Inc.

140,764

15,985,160

PepsiCo,

Inc.

107,686

18,312,004

Thermo

Fisher

Scientific,

Inc.

59,557

36,840,174

UnitedHealth

Group,

Inc.

64,972

37,987,829

274,448,778

Energy

-

8.2%

spacing

Chevron

Corp.

200,283

29,495,677

ConocoPhillips

512,683

53,975,266

Enterprise

Products

Partners

LP

1,320,378

38,436,204

121,907,147

Financial

-

25.3%

spacing

American

Express

Co.

164,333

44,567,110

American

Tower

Corp.

REIT

93,638

21,776,453

Bank

of

America

Corp.

762,178

30,243,223

Berkshire

Hathaway,

Inc.

Class B *

68,343

31,455,549

Capital

One

Financial

Corp.

150,800

22,579,284

Charles

Schwab

Corp.

425,063

27,548,333

JPMorgan

Chase

&

Co.

345,121

72,772,214

Marsh

&

McLennan

Cos.,

Inc.

115,556

25,779,388

Progressive

Corp.

96,415

24,466,271

Travelers

Cos.,

Inc.

133,884

31,344,922

U.S.

Bancorp

434,158

19,854,045

Visa,

Inc.

Class A 

94,109

25,875,270

378,262,062

Industrial

-

13.3%

spacing

Deere

&

Co.

33,560

14,005,595

Illinois

Tool

Works,

Inc.

58,950

15,449,027

Martin

Marietta

Materials,

Inc.

54,098

29,118,248

Northrop

Grumman

Corp.

50,789

26,820,147

Otis

Worldwide

Corp.

181,254

18,839,541

Parker-Hannifin

Corp.

40,500

25,588,710

a

Shares

Value

RTX

Corp.

185,529

$

22,478,694

Veralto

Corp.

187,029

20,921,064

XPO,

Inc.

*

233,920

25,148,739

198,369,765

Technology

-

8.6%

spacing

Broadcom,

Inc.

143,500

24,753,750

Intel

Corp.

1,546,678

36,285,066

Microchip

Technology,

Inc.

408,782

32,821,107

Microsoft

Corp.

33,557

14,439,577

Oracle

Corp.

117,396

20,004,278

128,303,778

Utilities

-

8.7%

spacing

Edison

International

439,648

38,288,944

Sempra

798,112

66,746,107

WEC

Energy

Group,

Inc.

259,227

24,932,453

129,967,504

Total

Common

Stocks

    (Cost

$1,094,783,471)

1,487,667,839

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.4%

Repurchase

Agreements

-

0.4%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$5,936,760;

collateralized

by

U.S.

Treasury

Obligations:

4.500%

due

11/15/33

and

value

$6,054,770)

$

5,936,026

5,936,026

a

Total

Short-Term

Investments

(Cost

$5,936,026)

5,936,026

TOTAL

INVESTMENTS

-

100.0%

(Cost

$1,100,719,497)

1,493,603,865

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

184,967

)

NET

ASSETS

-

100.0%

$

1,493,418,898

106

PACIFIC

SELECT

FUND

LARGE-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

1,487,667,839

$

1,487,667,839

$

–

$

–

Short-Term

Investments

5,936,026

–

5,936,026

–

Total

$

1,493,603,865

$

1,487,667,839

$

5,936,026

$

–

PACIFIC

SELECT

FUND

MID-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

107

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CORPORATE

BONDS

&

NOTES

-

39.8%

Basic

Materials

-

0.4%

Glencore

Funding

LLC

(Australia) 

5.338%

due

04/04/27 ~

$

569,000

$

582,950

5.371%

due

04/04/29 ~

465,000

480,930

6.125%

due

10/06/28 ~

1,405,000

1,489,544

2,553,424

Communications

-

3.3%

AT&T,

Inc.

1.650%

due

02/01/28 

1,330,000

1,226,370

Charter

Communications

Operating

LLC/

Charter

Communications

Operating

Capital

2.250%

due

01/15/29 

66,000

58,786

4.200%

due

03/15/28 

1,920,000

1,867,113

6.150%

due

11/10/26 

75,000

77,107

Comcast

Corp.

3.150%

due

03/01/26 

893,000

880,987

3.150%

due

02/15/28 

943,000

916,001

4.150%

due

10/15/28 

369,000

369,679

Motorola

Solutions,

Inc.

5.000%

due

04/15/29 

861,000

883,632

NTT

Finance

Corp.

(Japan) 

4.372%

due

07/27/27 ~

495,000

497,028

Rogers

Communications,

Inc.

(Canada) 

3.200%

due

03/15/27 

1,548,000

1,508,048

5.000%

due

02/15/29 

1,003,000

1,023,853

Sprint

LLC

7.625%

due

03/01/26 

899,000

929,305

T-Mobile

USA,

Inc.

1.500%

due

02/15/26 

211,000

202,980

2.250%

due

02/15/26 

2,217,000

2,157,200

2.625%

due

04/15/26 

1,934,000

1,886,260

4.750%

due

02/01/28 

2,025,000

2,028,556

4.850%

due

01/15/29 

300,000

306,396

4.950%

due

03/15/28 

1,196,000

1,223,661

Uber

Technologies,

Inc.

4.300%

due

01/15/30 

605,000

603,270

Verizon

Communications,

Inc.

3.875%

due

02/08/29 

780,000

769,718

4.125%

due

03/16/27 

630,000

629,188

20,045,138

Consumer,

Cyclical

-

2.5%

BMW

U.S.

Capital

LLC

(Germany) 

4.650%

due

08/13/29 ~

755,000

760,877

Delta

Air

Lines,

Inc.

7.000%

due

05/01/25 ~

1,480,000

1,495,917

Ford

Motor

Credit

Co.

LLC

4.950%

due

05/28/27 

300,000

299,337

5.125%

due

06/16/25 

618,000

617,903

6.950%

due

06/10/26 

975,000

1,004,152

7.350%

due

11/04/27 

1,820,000

1,933,064

General

Motors

Financial

Co.,

Inc.

2.350%

due

02/26/27 

515,000

490,334

4.000%

due

01/15/25 

515,000

513,189

4.000%

due

10/06/26 

585,000

580,456

4.350%

due

04/09/25 

295,000

293,912

5.550%

due

07/15/29 

615,000

634,431

6.050%

due

10/10/25 

794,000

804,027

Home

Depot,

Inc.

4.750%

due

06/25/29 

731,000

753,715

a

Principal

Amount

Value

Las

Vegas

Sands

Corp.

2.900%

due

06/25/25 

$

223,000

$

219,258

5.900%

due

06/01/27 

440,000

451,950

6.000%

due

08/15/29 

285,000

296,317

Lowe's

Cos.,

Inc.

2.500%

due

04/15/26 

212,000

207,159

3.650%

due

04/05/29 

205,000

200,121

4.400%

due

09/08/25 

1,475,000

1,474,759

Nissan

Motor

Acceptance

Co.

LLC

2.000%

due

03/09/26 ~

220,000

210,155

7.050%

due

09/15/28 ~

295,000

312,674

Toyota

Motor

Credit

Corp.

4.550%

due

09/20/27 

1,469,000

1,492,997

4.550%

due

08/09/29 

125,000

127,049

5.050%

due

05/16/29 

402,000

417,214

15,590,967

Consumer,

Non-Cyclical

-

3.9%

AbbVie,

Inc.

4.800%

due

03/15/29 

924,000

951,198

Altria

Group,

Inc.

2.625%

due

09/16/26 

778,000

754,701

4.800%

due

02/14/29 

785,000

795,023

6.200%

due

11/01/28 

1,754,000

1,868,646

Amgen,

Inc.

2.200%

due

02/21/27 

105,000

100,556

2.600%

due

08/19/26 

250,000

243,202

4.050%

due

08/18/29 

655,000

650,588

5.150%

due

03/02/28 

1,101,000

1,134,038

5.507%

due

03/02/26 

1,120,000

1,120,400

BAT

Capital

Corp.

(United

Kingdom) 

2.259%

due

03/25/28 

404,000

376,017

3.557%

due

08/15/27 

815,000

798,553

BAT

International

Finance

PLC

(United

Kingdom) 

1.668%

due

03/25/26 

812,000

780,464

5.931%

due

02/02/29 

2,091,000

2,209,367

Edwards

Lifesciences

Corp.

4.300%

due

06/15/28 

490,000

489,877

Elevance

Health,

Inc.

3.650%

due

12/01/27 

1,079,000

1,064,048

5.150%

due

06/15/29 

612,000

635,196

Global

Payments,

Inc.

1.200%

due

03/01/26 

1,472,000

1,407,313

HCA,

Inc.

4.125%

due

06/15/29 

847,000

833,974

4.500%

due

02/15/27 

1,523,000

1,525,199

5.200%

due

06/01/28 

922,000

946,439

5.250%

due

06/15/26 

916,000

923,087

5.625%

due

09/01/28 

696,000

722,787

Humana,

Inc.

1.350%

due

02/03/27 

343,000

320,621

5.750%

due

12/01/28 

1,355,000

1,425,882

Pfizer

Investment

Enterprises

Pte.

Ltd.

4.450%

due

05/19/28 

1,050,000

1,065,808

Pfizer,

Inc.

3.000%

due

12/15/26 

325,000

318,885

Philip

Morris

International,

Inc.

5.125%

due

11/17/27 

290,000

298,668

23,760,537

Energy

-

4.0%

BP

Capital

Markets

America,

Inc.

3.937%

due

09/21/28 

920,000

914,771

108

PACIFIC

SELECT

FUND

MID-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

4.234%

due

11/06/28 

$

41,000

$

41,158

Cheniere

Energy

Partners

LP

4.500%

due

10/01/29 

1,036,000

1,022,481

Diamondback

Energy,

Inc.

3.250%

due

12/01/26 

2,970,000

2,908,179

5.200%

due

04/18/27 

1,745,000

1,781,351

Enbridge

Energy

Partners

LP

5.875%

due

10/15/25 

150,000

151,420

Enbridge,

Inc.

(Canada) 

2.500%

due

01/15/25 

445,000

441,717

2.500%

due

02/14/25 

1,845,000

1,828,093

5.250%

due

04/05/27 

181,000

185,358

Energy

Transfer

LP

4.200%

due

04/15/27 

183,000

182,440

5.500%

due

06/01/27 

1,070,000

1,097,559

5.550%

due

02/15/28 

419,000

433,407

6.100%

due

12/01/28 

1,209,000

1,286,816

EQT

Corp.

3.900%

due

10/01/27 

686,000

674,624

7.000%

due

02/01/30 

64,000

69,921

MPLX

LP

1.750%

due

03/01/26 

150,000

144,506

4.000%

due

03/15/28 

295,000

291,003

4.250%

due

12/01/27 

445,000

443,510

4.875%

due

06/01/25 

203,000

202,855

Occidental

Petroleum

Corp.

5.000%

due

08/01/27 

680,000

689,892

ONEOK,

Inc.

5.550%

due

11/01/26 

1,385,000

1,416,813

5.650%

due

11/01/28 

266,000

278,151

Sabine

Pass

Liquefaction

LLC

4.200%

due

03/15/28 

722,000

718,333

4.500%

due

05/15/30 

216,000

215,491

5.000%

due

03/15/27 

2,107,000

2,135,005

5.625%

due

03/01/25 

624,000

624,609

Targa

Resources

Corp.

5.200%

due

07/01/27 

2,936,000

3,004,326

TransCanada

PipeLines

Ltd.

(Canada) 

6.203%

due

03/09/26 

950,000

950,937

Williams

Cos.,

Inc.

4.900%

due

03/15/29 

297,000

301,872

24,436,598

Financial

-

17.9%

American

Express

Co.

2.550%

due

03/04/27 

25,000

24,138

5.043%

due

07/26/28 

390,000

398,544

5.532%

due

04/25/30 

211,000

221,217

American

Tower

Corp.

3.375%

due

10/15/26 

422,000

414,787

3.550%

due

07/15/27 

1,940,000

1,900,051

3.650%

due

03/15/27 

2,235,000

2,201,352

Aon

North

America,

Inc.

5.125%

due

03/01/27 

162,000

165,771

5.150%

due

03/01/29 

325,000

335,863

Bank

of

America

Corp.

1.319%

due

06/19/26 

135,000

131,704

1.658%

due

03/11/27 

1,977,000

1,900,751

3.419%

due

12/20/28 

955,000

929,242

3.705%

due

04/24/28 

3,021,000

2,977,635

5.202%

due

04/25/29 

1,014,000

1,042,859

5.819%

due

09/15/29 

1,901,000

2,001,121

5.933%

due

09/15/27 

1,267,000

1,305,120

a

Principal

Amount

Value

Barclays

PLC

(United

Kingdom) 

5.674%

due

03/12/28 

$

200,000

$

205,508

5.690%

due

03/12/30 

670,000

697,102

5.829%

due

05/09/27 

1,735,000

1,768,412

Blue

Owl

Credit

Income

Corp.

6.600%

due

09/15/29 ~

230,000

236,043

Capital

One

Financial

Corp.

7.149%

due

10/29/27 

1,160,000

1,222,918

Charles

Schwab

Corp.

6.196%

due

11/17/29 

865,000

924,893

Citigroup,

Inc.

1.462%

due

06/09/27 

571,000

544,173

3.070%

due

02/24/28 

851,000

827,225

3.200%

due

10/21/26 

2,878,000

2,819,669

3.520%

due

10/27/28 

1,500,000

1,464,540

3.668%

due

07/24/28 

220,000

216,126

4.542%

due

09/19/30 

235,000

235,327

5.174%

due

02/13/30 

622,000

639,099

Crown

Castle,

Inc.

1.050%

due

07/15/26 

379,000

357,657

3.650%

due

09/01/27 

314,000

307,855

5.000%

due

01/11/28 

366,000

372,508

5.600%

due

06/01/29 

340,000

355,582

Equinix,

Inc.

1.000%

due

09/15/25 

1,737,000

1,677,415

2.000%

due

05/15/28 

1,275,000

1,176,082

2.900%

due

11/18/26 

1,745,000

1,699,007

3.200%

due

11/18/29 

150,000

141,628

GLP

Capital

LP/GLP

Financing

II,

Inc.

5.300%

due

01/15/29 

431,000

438,684

5.375%

due

04/15/26 

1,062,000

1,067,131

5.750%

due

06/01/28 

37,000

38,010

Goldman

Sachs

Group,

Inc.

1.948%

due

10/21/27 

1,592,000

1,517,875

2.640%

due

02/24/28 

3,025,000

2,908,054

3.691%

due

06/05/28 

532,000

523,644

4.250%

due

10/21/25 

51,000

50,824

5.049%

due

07/23/30 

1,322,000

1,356,800

5.727%

due

04/25/30 

1,022,000

1,074,300

5.798%

due

08/10/26 

5,000,000

5,045,207

6.484%

due

10/24/29 

1,792,000

1,930,085

HSBC

Holdings

PLC

(United

Kingdom) 

3.973%

due

05/22/30 

1,129,000

1,100,342

JPMorgan

Chase

&

Co.

1.578%

due

04/22/27 

1,757,000

1,683,709

2.083%

due

04/22/26 

1,525,000

1,500,958

4.851%

due

07/25/28 

790,000

803,934

4.979%

due

07/22/28 

1,944,000

1,982,216

4.995%

due

07/22/30 

3,711,000

3,816,630

5.012%

due

01/23/30 

2,383,000

2,444,540

5.040%

due

01/23/28 

1,985,000

2,018,449

5.571%

due

04/22/28 

1,104,000

1,138,447

6.070%

due

10/22/27 

1,599,000

1,657,461

6.087%

due

10/23/29 

145,000

154,607

Morgan

Stanley

1.164%

due

10/21/25 

726,000

724,538

1.512%

due

07/20/27 

1,373,000

1,306,086

5.042%

due

07/19/30 

2,980,000

3,063,047

5.652%

due

04/13/28 

2,890,000

2,983,921

5.656%

due

04/18/30 

1,167,000

1,227,853

Morgan

Stanley

Bank

NA

4.952%

due

01/14/28 

935,000

949,228

4.968%

due

07/14/28 

1,449,000

1,478,717

109

PACIFIC

SELECT

FUND

MID-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

5.504%

due

05/26/28 

$

530,000

$

546,793

5.882%

due

10/30/26 

1,135,000

1,176,189

Realty

Income

Corp.

3.250%

due

06/15/29 

563,000

537,664

3.950%

due

08/15/27 

67,000

66,609

4.750%

due

02/15/29 

301,000

306,758

5.050%

due

01/13/26 

455,000

455,063

Royal

Bank

of

Canada

(Canada) 

4.875%

due

01/19/27 

374,000

381,047

4.950%

due

04/25/25 

1,482,000

1,484,149

4.950%

due

02/01/29 

131,000

135,138

Sumitomo

Mitsui

Financial

Group,

Inc.

(Japan) 

5.316%

due

07/09/29 

520,000

541,368

Toronto-Dominion

Bank

(Canada) 

5.523%

due

07/17/28 

15,000

15,698

Truist

Financial

Corp.

5.435%

due

01/24/30 

405,000

419,291

6.047%

due

06/08/27 

1,246,000

1,278,980

U.S.

Bancorp

5.384%

due

01/23/30 

699,000

726,079

UBS

AG

(Switzerland) 

5.000%

due

07/09/27 

745,000

761,524

UBS

Group

AG

(Switzerland) 

1.305%

due

02/02/27 ~

1,000,000

956,870

6.442%

due

08/11/28 ~

1,781,000

1,873,980

UDR,

Inc.

3.500%

due

07/01/27 

275,000

268,483

VICI

Properties

LP

4.750%

due

02/15/28 

1,382,000

1,388,457

VICI

Properties

LP/VICI

Note

Co.,

Inc.

4.250%

due

12/01/26 ~

735,000

728,395

4.625%

due

06/15/25 ~

7,418,000

7,378,608

Wells

Fargo

&

Co.

3.526%

due

03/24/28 

849,000

833,099

3.584%

due

05/22/28 

645,000

632,590

5.198%

due

01/23/30 

1,376,000

1,418,885

5.707%

due

04/22/28 

1,715,000

1,771,179

6.303%

due

10/23/29 

2,210,000

2,365,101

Welltower

OP

LLC

4.000%

due

06/01/25 

1,067,000

1,060,849

109,333,067

Industrial

-

3.3%

BAE

Systems

PLC

(United

Kingdom) 

5.000%

due

03/26/27 ~

978,000

994,030

Boeing

Co.

2.196%

due

02/04/26 

2,575,000

2,480,663

Canadian

Pacific

Railway

Co.

(Canada) 

4.000%

due

06/01/28 

129,000

128,389

General

Dynamics

Corp.

3.750%

due

05/15/28 

490,000

486,779

John

Deere

Capital

Corp.

2.800%

due

09/08/27 

881,000

853,355

4.850%

due

06/11/29 

310,000

320,314

L3Harris

Technologies,

Inc.

3.832%

due

04/27/25 

1,365,000

1,357,862

4.400%

due

06/15/28 

1,004,000

1,008,659

5.050%

due

06/01/29 

1,011,000

1,041,863

5.400%

due

01/15/27 

1,313,000

1,347,883

Lockheed

Martin

Corp.

4.500%

due

02/15/29 

821,000

836,394

Norfolk

Southern

Corp.

2.900%

due

06/15/26 

1,740,000

1,705,223

a

Principal

Amount

Value

3.800%

due

08/01/28 

$

30,000

$

29,724

Northrop

Grumman

Corp.

3.200%

due

02/01/27 

395,000

387,227

3.250%

due

01/15/28 

1,443,000

1,402,554

4.600%

due

02/01/29 

213,000

216,276

Penske

Truck

Leasing

Co.

LP/PTL

Finance

Corp.

5.750%

due

05/24/26 ~

28,000

28,521

RTX

Corp.

2.650%

due

11/01/26 

60,000

58,272

3.125%

due

05/04/27 

1,051,000

1,025,696

3.500%

due

03/15/27 

680,000

670,316

4.125%

due

11/16/28 

671,000

669,486

5.750%

due

11/08/26 

1,225,000

1,263,295

5.750%

due

01/15/29 

609,000

645,638

Ryder

System,

Inc.

2.850%

due

03/01/27 

885,000

855,997

5.300%

due

03/15/27 

108,000

110,535

19,924,951

Technology

-

1.7%

Broadcom,

Inc.

3.459%

due

09/15/26 

220,000

217,145

4.000%

due

04/15/29 ~

1,252,000

1,233,806

4.750%

due

04/15/29 

98,000

99,584

5.050%

due

07/12/27 

697,000

712,515

Dell

International

LLC/EMC

Corp.

5.250%

due

02/01/28 

390,000

402,988

Fidelity

National

Information

Services,

Inc.

1.150%

due

03/01/26 

943,000

901,724

1.650%

due

03/01/28 

172,000

157,378

Intel

Corp.

4.875%

due

02/10/28 

654,000

661,026

Microchip

Technology,

Inc.

5.050%

due

03/15/29 

463,000

475,630

NXP

BV/NXP

Funding

LLC/NXP

USA,

Inc.

(China) 

2.700%

due

05/01/25 

665,000

655,945

4.300%

due

06/18/29 

167,000

166,216

Oracle

Corp.

1.650%

due

03/25/26 

1,362,000

1,309,819

2.800%

due

04/01/27 

1,349,000

1,306,425

3.250%

due

11/15/27 

280,000

272,660

4.200%

due

09/27/29 

454,000

453,385

QUALCOMM,

Inc.

1.300%

due

05/20/28 

237,000

215,692

VMware

LLC

1.400%

due

08/15/26 

983,000

931,780

1.800%

due

08/15/28 

150,000

136,502

3.900%

due

08/21/27 

208,000

205,885

10,516,105

Utilities

-

2.8%

AEP

Texas,

Inc.

5.450%

due

05/15/29 

1,230,000

1,283,490

DTE

Electric

Co.

1.900%

due

04/01/28 

208,000

193,446

Duke

Energy

Corp.

0.900%

due

09/15/25 

1,660,000

1,604,156

2.650%

due

09/01/26 

205,000

199,445

4.300%

due

03/15/28 

92,000

92,128

4.850%

due

01/05/29 

1,084,000

1,106,604

5.000%

due

12/08/27 

220,000

225,510

110

PACIFIC

SELECT

FUND

MID-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Edison

International

3.550%

due

11/15/24 

$

515,000

$

513,768

4.700%

due

08/15/25 

425,000

424,069

4.950%

due

04/15/25 

150,000

149,910

Eversource

Energy

0.800%

due

08/15/25 

245,000

237,026

2.900%

due

03/01/27 

1,110,000

1,074,413

5.450%

due

03/01/28 

515,000

534,079

5.950%

due

02/01/29 

108,000

114,348

Exelon

Corp.

5.150%

due

03/15/28 

960,000

986,774

5.150%

due

03/15/29 

589,000

610,516

FirstEnergy

Corp.

3.900%

due

07/15/27 

360,000

356,507

FirstEnergy

Transmission

LLC

4.550%

due

01/15/30 ~

265,000

267,430

Florida

Power

&

Light

Co.

4.450%

due

05/15/26 

293,000

295,271

5.050%

due

04/01/28 

398,000

410,880

NextEra

Energy

Capital

Holdings,

Inc.

1.875%

due

01/15/27 

150,000

142,475

1.900%

due

06/15/28 

163,000

150,348

3.550%

due

05/01/27 

150,000

147,959

4.625%

due

07/15/27 

376,000

381,704

5.749%

due

09/01/25 

667,000

673,940

NiSource,

Inc.

5.200%

due

07/01/29 

74,000

76,659

5.250%

due

03/30/28 

187,000

192,686

Pacific

Gas

&

Electric

Co.

5.908%

(SOFR

+

0.950%)

due

09/04/25 §

1,445,000

1,445,646

San

Diego

Gas

&

Electric

Co.

4.950%

due

08/15/28 

95,000

97,668

Sempra

3.300%

due

04/01/25 

385,000

381,744

3.400%

due

02/01/28 

100,000

96,987

Southern

California

Edison

Co.

4.700%

due

06/01/27 

249,000

252,554

5.650%

due

10/01/28 

247,000

259,681

Southern

Co.

5.500%

due

03/15/29 

1,340,000

1,406,098

Virginia

Electric

&

Power

Co.

2.875%

due

07/15/29 

180,000

169,455

3.500%

due

03/15/27 

18,000

17,784

3.750%

due

05/15/27 

740,000

734,504

WEC

Energy

Group,

Inc.

5.600%

due

09/12/26 

16,000

16,413

17,324,075

Total

Corporate

Bonds

&

Notes

    (Cost

$238,391,469)

243,484,862

MORTGAGE-BACKED

SECURITIES

-

6.5%

Collateralized

Mortgage

Obligations

-

Commercial

-

3.5%

Benchmark

Mortgage

Trust

5.805%

due

01/10/57 

420,000

440,224

BFLD

Mortgage

Trust

6.589%

(SOFR

+

1.492%)

due

08/15/26 ~ §

440,000

440,441

BMO

Mortgage

Trust

7.296%

due

11/15/56 §

1,000,000

1,094,082

a

Principal

Amount

Value

BX

Commercial

Mortgage

Trust

6.141%

(SOFR

+

1.044%)

due

10/15/37 ~ §

$

666,520

$

665,069

6.539%

(SOFR

+

1.442%)

due

02/15/39 ~ §

192,458

192,730

6.788%

(SOFR

+

1.691%)

due

08/15/39 ~ §

900,000

902,736

7.211%

(SOFR

+

2.115%)

due

06/15/27 ~ §

396,000

397,785

BX

Trust

6.097%

(SOFR

+

1.000%)

due

01/15/39 ~ §

800,000

795,553

6.111%

(SOFR

+

1.014%)

due

10/15/36 ~ §

1,000,000

995,000

6.538%

(SOFR

+

1.442%)

due

04/15/41 ~ §

228,575

228,700

6.588%

(SOFR

+

1.491%)

due

07/15/29 ~ §

710,000

711,111

6.739%

(SOFR

+

1.642%)

due

02/15/41 ~ §

859,000

856,182

7.187%

(SOFR

+

2.090%)

due

03/15/41 ~ §

360,000

361,839

Cali

6.988%

(SOFR

+

1.891%)

due

07/15/41 ~ §

380,000

380,989

COMM

Mortgage

Trust

6.924%

(SOFR

+

1.841%)

due

06/15/41 ~ §

740,000

738,475

CONE

Trust

6.738%

(SOFR

+

1.642%)

due

08/15/41 ~ §

280,000

280,495

CSAIL

Commercial

Mortgage

Trust

3.808%

due

11/15/48 

2,683,000

2,652,386

ELM

Trust

5.994%

due

06/10/39 ~ §

2,040,000

2,087,900

GS

Mortgage

Securities

Corp.

Trust

5.372%

due

08/10/29 ~ §

180,000

181,325

6.161%

(SOFR

+

1.064%)

due

10/15/36 ~ §

500,000

496,084

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2.949%

due

09/06/38 ~ §

595,000

573,449

Morgan

Stanley

Capital

I

Trust

3.261%

due

07/15/52 

1,085,000

1,024,231

3.587%

due

12/15/50 

656,000

637,958

MTN

Commercial

Mortgage

Trust

6.497%

(SOFR

+

1.397%)

due

03/15/39 ~ §

475,000

472,192

OPEN

Trust

8.186%

(SOFR

+

3.089%)

due

10/15/28 ~ §

363,404

367,726

SREIT

Trust

6.033%

(SOFR

+

0.936%)

due

11/15/36 ~ §

800,000

795,497

Taubman

Centers

Commercial

Mortgage

Trust

7.283%

(SOFR

+

2.186%)

due

05/15/37 ~ §

1,190,000

1,194,472

UBS

Commercial

Mortgage

Trust

2.865%

due

10/15/52 

482,721

465,709

3.460%

due

04/15/52 

998,360

978,149

21,408,489

111

PACIFIC

SELECT

FUND

MID-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Collateralized

Mortgage

Obligations

-

Residential

-

0.9%

A&D

Mortgage

Trust

6.195%

due

02/25/69 ~ §

$

503,070

$

509,842

BRAVO

Residential

Funding

Trust

1.789%

due

05/25/60 ~ §

872,898

841,029

2.406%

due

05/25/60 ~ §

328,404

317,995

Federal

Home

Loan

Mortgage

Corp.

REMICS

2.000%

due

12/25/33 

1,669,677

1,567,456

Federal

National

Mortgage

Association

REMICS

2.500%

due

04/25/34 

785,953

746,589

OBX

Trust

6.465%

due

10/25/63 ~ §

1,256,905

1,278,327

5,261,238

Federal

Home

Loan

Mortgage

Corp.

-

0.5%

2.500%

due

10/01/31 

2,840,456

2,733,102

Federal

National

Mortgage

Association

-

1.6%

2.500%

due

02/01/35 

5,666,488

5,451,230

3.000%

due

07/01/31

-

04/01/33

2,124,195

2,052,467

3.500%

due

12/01/31

-

02/01/32

2,592,503

2,549,038

10,052,735

Total

Mortgage-Backed

Securities

    (Cost

$38,573,647)

39,455,564

ASSET-BACKED

SECURITIES

-

8.6%

Automobile

Other

-

0.0%

GMF

Floorplan

Owner

Revolving

Trust

5.830%

due

06/15/30 ~

187,000

194,138

Automobile

Sequential

-

5.1%

ARI

Fleet

Lease

Trust

5.300%

due

11/15/32 ~

406,000

409,039

5.540%

due

04/15/33 ~

538,000

544,539

Chesapeake

Funding

II

LLC

(Canada)

5.520%

due

05/15/36 ~

775,825

785,338

Enterprise

Fleet

Financing

LLC

4.980%

due

08/21/28 ~

291,000

296,437

5.060%

due

03/20/31 ~

95,000

97,336

5.160%

due

09/20/30 ~

50,000

51,408

5.230%

due

03/20/30 ~

581,000

586,801

5.420%

due

10/22/29 ~

1,661,000

1,695,302

5.500%

due

04/22/30 ~

1,930,000

1,984,248

5.510%

due

01/22/29 ~

663,830

667,536

Ford

Credit

Auto

Owner

Trust

5.280%

due

02/15/36 ~

1,146,000

1,187,022

5.530%

due

09/15/28 

1,381,000

1,410,810

Ford

Credit

Floorplan

Master

Owner

Trust

A

4.060%

due

11/15/30 

727,000

722,037

GM

Financial

Consumer

Automobile

Receivables

Trust

4.850%

due

12/18/28 

556,000

563,346

GM

Financial

Revolving

Receivables

Trust

5.770%

due

08/11/36 ~

1,380,000

1,458,225

GMF

Floorplan

Owner

Revolving

Trust

5.340%

due

06/15/28 ~

3,450,000

3,512,520

Hyundai

Auto

Receivables

Trust

5.480%

due

04/17/28 

1,365,000

1,386,261

a

Principal

Amount

Value

5.540%

due

10/16/28 

$

2,410,000

$

2,464,398

Navistar

Financial

Dealer

Note

Master

Owner

Trust

5.590%

due

04/25/29 ~

554,000

563,406

Nissan

Auto

Receivables

Owner

Trust

5.930%

due

03/15/28 

2,190,000

2,236,873

Porsche

Financial

Auto

Securitization

Trust

5.790%

due

01/22/29 ~

1,075,000

1,089,935

Toyota

Auto

Receivables

Owner

Trust

5.540%

due

08/15/28 

3,662,000

3,749,359

Volkswagen

Auto

Loan

Enhanced

Trust

5.480%

due

12/20/28 

2,152,000

2,207,151

Westlake

Automobile

Receivables

Trust

6.240%

due

07/15/27 ~

1,731,000

1,761,585

31,430,912

Credit

Card

Bullet

-

0.8%

American

Express

Credit

Account

Master

Trust

4.870%

due

05/15/28 

1,620,000

1,640,174

5.230%

due

09/15/28 

3,243,000

3,319,563

4,959,737

Other

Asset-Backed

Securities

-

2.7%

BlueMountain

CLO

Ltd.

(Cayman)

6.544%

(SOFR

+

1.262%)

due

04/20/31 ~ §

274,691

274,976

CIFC

Funding

Ltd.

(Cayman)

6.703%

(SOFR

+

1.402%)

due

01/15/35 ~ §

500,000

500,269

6.883%

(SOFR

+

1.582%)

due

01/15/34 ~ §

500,000

500,620

Clover

CLO

LLC

6.706%

(SOFR

+

1.422%)

due

01/25/35 ~ §

315,000

315,340

CNH

Equipment

Trust

4.770%

due

06/15/29 

610,878

619,485

5.190%

due

09/17/29 

918,000

942,107

HalseyPoint

CLO

6

Ltd.

(Cayman)

7.732%

(SOFR

+

2.450%)

due

10/20/34 ~ §

500,000

501,842

John

Deere

Owner

Trust

4.960%

due

11/15/28 

636,000

647,162

MMAF

Equipment

Finance

LLC

4.950%

due

07/14/31 ~

202,027

205,474

OCP

CLO

Ltd.

(Cayman)

6.523%

(SOFR

+

1.222%)

due

07/15/30 ~ §

383,937

384,462

6.566%

(SOFR

+

1.262%)

due

04/10/33 ~ §

488,516

488,794

OHA

Credit

Funding

6

Ltd.

(Cayman)

6.684%

(SOFR

+

1.402%)

due

07/20/34 ~ §

315,000

315,260

OZLM

XVIII

Ltd.

(Cayman)

6.583%

(SOFR

+

1.282%)

due

04/15/31 ~ §

281,049

281,256

Palmer

Square

CLO

Ltd.

(Cayman)

6.713%

(SOFR

+

1.412%)

due

07/15/34 ~ §

500,000

500,504

PFS

Financing

Corp.

5.270%

due

05/15/28 ~

2,600,000

2,637,910

Pikes

Peak

CLO

8

(Cayman)

6.714%

(SOFR

+

1.432%)

due

07/20/34 ~ §

250,000

250,260

112

PACIFIC

SELECT

FUND

MID-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Regional

Management

Issuance

Trust

5.830%

due

07/15/36 ~

$

113,000

$

117,073

RR

1

LLC

6.713%

(SOFR

+

1.412%)

due

07/15/35 ~ §

315,000

315,317

Sixth

Street

CLO

XVII

Ltd.

(Cayman)

6.784%

(SOFR

+

1.502%)

due

01/20/34 ~ §

500,000

500,566

SMB

Private

Education

Loan

Trust

5.819%

(SOFR

+

0.964%)

due

09/15/54 ~ §

1,586,317

1,579,753

5.941%

(SOFR

+

0.844%)

due

01/15/53 ~ §

917,764

908,120

Trestles

CLO

IV

Ltd.

(Cayman)

6.714%

(SOFR

+

1.432%)

due

07/21/34 ~ §

330,000

330,343

Verizon

Master

Trust

4.830%

due

12/22/31 ~

358,000

366,779

5.000%

due

12/20/28 

2,650,000

2,671,410

16,155,082

Total

Asset-Backed

Securities

    (Cost

$51,649,612)

52,739,869

U.S.

TREASURY

OBLIGATIONS

-

0.4%

U.S.

Treasury

Notes

-

0.4%

3.375%

due

09/15/27 

1,500,000

1,492,441

4.250%

due

06/30/29 

1,065,000

1,096,347

2,588,788

Total

U.S.

Treasury

Obligations

    (Cost

$2,568,320)

2,588,788

SHORT-TERM

INVESTMENTS

-

49.8%

Commercial

Paper

-

0.5%

ING

US

Funding

LLC

(Netherlands) 

4.958%

due

11/27/24 

3,000,000

2,977,082

Money

Market

Funds

-

1.8%

State

Street

Institutional

Liquid

Reserves

Fund

4.946%

10,771,519

10,774,750

a

U.S.

Treasury

Bills

-

47.5%

0.000%

due

10/01/24 

40,000,000

40,000,000

4.251%

due

10/08/24 

40,000,000

39,963,620

4.602%

due

10/17/24 

29,505,000

29,443,400

4.645%

due

12/19/24 

36,000,000

35,644,500

4.679%

due

10/22/24 

4,000,000

3,989,020

4.712%

due

10/31/24 

29,000,000

28,887,130

4.728%

due

11/21/24 

65,000,000

64,574,776

4.754%

due

11/07/24 

4,000,000

3,980,759

a

Principal

Amount

Value

a

4.767%

due

10/29/24 

$

44,225,000

$

44,062,129

290,545,334

Total

Short-Term

Investments

(Cost

$304,227,930)

304,297,166

TOTAL

INVESTMENTS

-

105.1%

(Cost

$635,410,978)

642,566,249

DERIVATIVES

-

4.4%

26,748,593

OTHER

ASSETS

&

LIABILITIES,

NET

-

(9.5%)

(

57,666,006

)

NET

ASSETS

-

100.0%

$

611,648,836

113

PACIFIC

SELECT

FUND

MID-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

(b)

As

of

September

30,

2024,

swap

agreements

outstanding

were

as

follows:

Short

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CBOT

2

Year

U.S.

Treasury

Notes

12/24

684

$

142,152,592

$

142,437,656

(

$

285,064

)

CBOT

5

Year

U.S.

Treasury

Notes

12/24

1,086

119,150,284

119,332,735

(

182,451

)

CBOT

10

Year

U.S.

Treasury

Notes

12/24

4

455,525

457,125

(

1,600

)

CBOT

Ultra

10

Year

U.S.

Treasury

Notes

12/24

27

3,191,013

3,194,016

(

3,003

)

Total

Futures

Contracts

(

$

472,118

)

Credit

Default

Swaps

on

Credit

Indices

-

Buy

Protection

(1)

Referenced

Obligation

Payment

Frequency

Fixed

Deal

Pay

Rate

Expiration

Date

Exchange

Notional

Amount

(2)

Value

(3)

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

CDX.NA.IG.S43

Q

1.000%

12/20/29

ICE

$

5,955,000

(

$

135,023

)

(

$

135,398

)

$

375

a

(1)

If

the

Fund

is

a

buyer

of

protection

and

a

credit

event

occurs,

as

defined

under

the

terms

of

that

particular

swap

agreement,

the

Fund

will

either

(i)

receive

from

the

seller

of

protection

an

amount

equal

to

the

notional

amount

of

the

swap

and

deliver

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index

or

(ii)

receive

a

net

settlement

amount

in

the

form

of

cash

or

investments

equal

to

the

notional

amount

of

the

swap

less

the

recovery

value

of

the

referenced

obligation

or

underlying

investments

comprising

the

referenced

index.

(2)

The

maximum

potential

amount

the

Fund

could

be

required

to

pay

as

a

seller

of

credit

protection

or

receive

as

a

buyer

of

credit

protection

if

a

credit

event

occurs

as

defined

under

the

terms

of

that

particular

swap

agreement.

(3)

The

quoted

market

prices

and

resulting

values

for

credit

default

swap

agreements

on

credit

indices

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

likelihood

of

an

expected

liability

(or

profit)

for

the

credit

derivative

had

the

notional

amount

of

the

swap

agreement

been

closed/sold

as

of

period

end.

Increasing

values

(buy

protection)

or

decreasing

values

(sell

protection),

when

compared

to

the

notional

amount

of

the

swap,

represent

a

deterioration

of

the

referenced

entity’s

credit

soundness

and

a

greater

likelihood

of

risk

of

default

or

other

credit

event

occurring

as

defined

under

the

terms

of

the

agreement.

Total

Return

Swaps

-

Long

Receive

Pay

Payment

Frequency

Pay

Rate

Counterparty

Expiration

Date

Notional

Amount

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Russell

Mid

Cap

Index

SOFR

+

0.720%

A

GSC

10/01/24

$

73,873,359

$

6,368,905

$

–

$

6,368,905

Russell

Mid

Cap

Index

SOFR

+

0.570%

A

GSC

10/11/24

3,572,556

273,660

–

273,660

Russell

Mid

Cap

Index

SOFR

+

0.690%

A

CIT

10/18/24

83,906,519

4,219,755

–

4,219,755

Russell

Mid

Cap

Index

SOFR

+

0.690%

A

CIT

10/24/24

93,050,669

1,702,647

–

1,702,647

Russell

Mid

Cap

Index

SOFR

+

0.630%

A

GSC

10/24/24

78,209,523

2,814,193

–

2,814,193

Russell

Mid

Cap

Index

SOFR

+

0.400%

Q

JPM

11/01/24

246,674,099

11,841,176

–

11,841,176

$

27,220,336

$

–

$

27,220,336

Total

Swap

Agreements

$

27,085,313

(

$

135,398

)

$

27,220,711

114

PACIFIC

SELECT

FUND

MID-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(c)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Corporate

Bonds

&

Notes

$

243,484,862

$

–

$

243,484,862

$

–

Mortgage-Backed

Securities

39,455,564

–

39,455,564

–

Asset-Backed

Securities

52,739,869

–

52,739,869

–

U.S.

Treasury

Obligations

2,588,788

–

2,588,788

–

Short-Term

Investments

304,297,166

10,774,750

293,522,416

–

Derivatives:

Credit

Contracts

Swaps

375

–

375

–

Equity

Contracts

Swaps

27,220,336

–

27,220,336

–

Total

Asset

-

Derivatives

27,220,711

–

27,220,711

–

Total

Assets

669,786,960

10,774,750

659,012,210

–

a

Liabilities

Due

to

Custodian

(

5,075,786

)

–

(

5,075,786

)

–

Derivatives:

Interest

Rate

Contracts

Futures

(

472,118

)

(

472,118

)

–

–

Total

Liabilities

(

5,547,904

)

(

472,118

)

(

5,075,786

)

–

Total

$

664,239,056

$

10,302,632

$

653,936,424

$

–

PACIFIC

SELECT

FUND

MID-CAP

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

115

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

97.8%

Communications

-

6.9%

spacing

CDW

Corp.

42,380

$

9,590,594

FactSet

Research

Systems,

Inc.

26,884

12,362,608

Pinterest,

Inc.

Class A *

589,998

19,098,235

Trade

Desk,

Inc.

Class A *

212,334

23,282,423

64,333,860

Consumer,

Cyclical

-

18.7%

spacing

Casey's

General

Stores,

Inc.

21,355

8,023,287

Copart,

Inc.

*

337,089

17,663,464

DraftKings,

Inc.

Class A *

227,649

8,923,841

Fastenal

Co.

242,483

17,318,136

Five

Below,

Inc.

*

43,577

3,850,028

Floor

&

Decor

Holdings,

Inc.

Class A *

199,428

24,762,975

Levi

Strauss

&

Co.

Class A 

571,601

12,460,902

Lululemon

Athletica,

Inc.

*

25,135

6,820,382

National

Vision

Holdings,

Inc.

*

323,575

3,530,203

On

Holding

AG

Class A *

(Switzerland) 

351,816

17,643,572

Pool

Corp.

50,279

18,945,127

SharkNinja,

Inc.

109,826

11,939,185

Tractor

Supply

Co.

33,896

9,861,363

Vail

Resorts,

Inc.

68,908

12,009,975

173,752,440

Consumer,

Non-Cyclical

-

23.8%

spacing

Align

Technology,

Inc.

*

58,369

14,844,404

Bio-Techne

Corp.

223,803

17,888,574

Brown-Forman

Corp.

Class B 

255,472

12,569,222

Cencora,

Inc.

65,934

14,840,425

Corpay,

Inc.

*

42,046

13,150,307

Dexcom,

Inc.

*

143,969

9,651,682

GE

HealthCare

Technologies,

Inc.

174,783

16,403,384

IDEXX

Laboratories,

Inc.

*

41,667

21,051,002

Illumina,

Inc.

*

28,377

3,700,645

Inspire

Medical

Systems,

Inc.

*

49,504

10,447,819

Insulet

Corp.

*

79,349

18,468,480

Ionis

Pharmaceuticals,

Inc.

*

172,024

6,891,281

MarketAxess

Holdings,

Inc.

88,255

22,610,931

Repligen

Corp.

*

106,335

15,824,775

Rollins,

Inc.

263,837

13,344,875

WillScot

Holdings

Corp.

*

239,925

9,021,180

220,708,986

Financial

-

6.6%

spacing

Blue

Owl

Capital,

Inc.

503,138

9,740,752

CoStar

Group,

Inc.

*

455,253

34,344,286

Kinsale

Capital

Group,

Inc.

24,619

11,461,868

LPL

Financial

Holdings,

Inc.

24,089

5,603,824

61,150,730

Industrial

-

22.0%

spacing

A.O.

Smith

Corp.

154,350

13,865,260

Coherent

Corp.

*

196,493

17,470,193

Generac

Holdings,

Inc.

*

116,081

18,442,949

HEICO

Corp.

Class A 

94,852

19,327,044

Howmet

Aerospace,

Inc.

182,544

18,300,036

Lincoln

Electric

Holdings,

Inc.

63,176

12,131,055

Martin

Marietta

Materials,

Inc.

26,047

14,019,798

Mettler-Toledo

International,

Inc.

*

9,482

14,220,155

Novanta,

Inc.

*

77,196

13,811,908

Old

Dominion

Freight

Line,

Inc.

55,017

10,928,577

a

Shares

Value

Trex

Co.,

Inc.

*

182,717

$

12,165,298

Trimble,

Inc.

*

252,417

15,672,572

Universal

Display

Corp.

86,378

18,130,742

Vertiv

Holdings

Co.

Class A 

50,734

5,047,526

203,533,113

Technology

-

19.8%

spacing

Appfolio,

Inc.

Class A *

28,870

6,795,998

ASGN,

Inc.

*

79,131

7,377,383

Datadog,

Inc.

Class A *

123,086

14,162,275

HubSpot,

Inc.

*

30,067

15,983,617

Impinj,

Inc.

*

41,485

8,982,332

Lattice

Semiconductor

Corp.

*

191,704

10,173,731

MongoDB,

Inc.

*

41,835

11,310,092

Monolithic

Power

Systems,

Inc.

25,181

23,279,835

Onto

Innovation,

Inc.

*

44,610

9,259,252

Teradyne,

Inc.

114,598

15,348,110

Tyler

Technologies,

Inc.

*

26,401

15,410,792

Veeva

Systems,

Inc.

Class A *

88,602

18,594,902

Workiva,

Inc.

*

127,366

10,077,198

Zebra

Technologies

Corp.

Class A *

46,306

17,148,038

183,903,555

Total

Common

Stocks

    (Cost

$814,666,072)

907,382,684

Principal

Amount

SHORT-TERM

INVESTMENTS

-

2.3%

Repurchase

Agreements

-

2.3%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$20,937,191;

collateralized

by

U.S.

Treasury

Obligations:

0.625%

-

4.500%

due

11/15/33

-

02/15/43

and

value

$21,353,428)

$

20,934,603

20,934,603

a

Total

Short-Term

Investments

(Cost

$20,934,603)

20,934,603

TOTAL

INVESTMENTS

-

100.1%

(Cost

$835,600,675)

928,317,287

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.1%)

(

844,585

)

NET

ASSETS

-

100.0%

$

927,472,702

116

PACIFIC

SELECT

FUND

MID-CAP

GROWTH

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

907,382,684

$

907,382,684

$

–

$

–

Short-Term

Investments

20,934,603

–

20,934,603

–

Total

$

928,317,287

$

907,382,684

$

20,934,603

$

–

PACIFIC

SELECT

FUND

MID-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

117

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

98.3%

Basic

Materials

-

4.9%

spacing

CF

Industries

Holdings,

Inc.

40,134

$

3,443,497

Commercial

Metals

Co.

44,559

2,448,963

DuPont

de

Nemours,

Inc.

20,946

1,866,498

Freeport-McMoRan,

Inc.

57,409

2,865,857

Mosaic

Co.

85,529

2,290,467

Olin

Corp.

55,274

2,652,047

PPG

Industries,

Inc.

15,881

2,103,597

Reliance,

Inc.

8,566

2,477,373

20,148,299

Communications

-

2.4%

spacing

CDW

Corp.

5,187

1,173,818

eBay,

Inc.

55,653

3,623,567

Expedia

Group,

Inc.

*

12,551

1,857,799

Gen

Digital,

Inc.

54,374

1,491,479

InterDigital,

Inc.

12,584

1,782,272

9,928,935

Consumer,

Cyclical

-

11.0%

spacing

Alaska

Air

Group,

Inc.

*

41,766

1,888,241

AutoZone,

Inc.

*

2,041

6,429,232

Beacon

Roofing

Supply,

Inc.

*

27,736

2,397,222

Boyd

Gaming

Corp.

29,864

1,930,708

Churchill

Downs,

Inc.

17,936

2,425,126

Darden

Restaurants,

Inc.

7,890

1,294,986

Ferguson

Enterprises,

Inc.

13,011

2,583,594

Gentex

Corp.

86,053

2,554,913

Harley-Davidson,

Inc.

65,471

2,522,598

Lear

Corp.

12,538

1,368,523

Lennar

Corp.

Class A 

10,075

1,888,861

MSC

Industrial

Direct

Co.,

Inc.

Class A 

17,276

1,486,772

NVR,

Inc.

*

364

3,571,495

Ralph

Lauren

Corp.

11,895

2,306,084

Resideo

Technologies,

Inc.

*

74,726

1,504,982

Ross

Stores,

Inc.

19,221

2,892,953

Tempur

Sealy

International,

Inc.

62,702

3,423,529

Wyndham

Hotels

&

Resorts,

Inc.

37,602

2,938,220

45,408,039

Consumer,

Non-Cyclical

-

11.9%

spacing

Avantor,

Inc.

*

105,653

2,733,243

Avery

Dennison

Corp.

11,114

2,453,527

Cencora,

Inc.

24,718

5,563,528

Centene

Corp.

*

28,946

2,179,055

Coca-Cola

Europacific

Partners

PLC

(United

Kingdom) 

34,475

2,714,906

Constellation

Brands,

Inc.

Class A 

14,237

3,668,733

Corteva,

Inc.

31,542

1,854,354

Equifax,

Inc.

10,556

3,101,986

H&R

Block,

Inc.

36,807

2,339,085

ICON

PLC

*

14,572

4,186,681

Lamb

Weston

Holdings,

Inc.

35,293

2,284,869

Molina

Healthcare,

Inc.

*

16,136

5,559,820

RB

Global,

Inc.

(Canada) 

40,015

3,220,807

Robert

Half,

Inc.

50,666

3,415,395

U.S.

Foods

Holding

Corp.

*

30,312

1,864,188

Zimmer

Biomet

Holdings,

Inc.

17,101

1,846,053

48,986,230

a

Shares

Value

Energy

-

5.3%

spacing

Chord

Energy

Corp.

21,970

$

2,861,153

Diamondback

Energy,

Inc.

19,113

3,295,081

EQT

Corp.

76,696

2,810,141

Halliburton

Co.

99,356

2,886,292

Phillips

66

14,153

1,860,412

Range

Resources

Corp.

96,405

2,965,418

Teck

Resources

Ltd.

Class B (Canada) 

32,192

1,681,710

Tidewater,

Inc.

*

17,058

1,224,594

Weatherford

International

PLC

27,837

2,363,918

21,948,719

Financial

-

24.4%

spacing

Affiliated

Managers

Group,

Inc.

10,442

1,856,588

Ally

Financial,

Inc.

44,845

1,596,034

Ameriprise

Financial,

Inc.

18,174

8,538,327

Aon

PLC

Class A 

6,361

2,200,842

ARES

Management

Corp.

Class A 

9,340

1,455,546

Carlyle

Group,

Inc.

85,491

3,681,242

Discover

Financial

Services

12,507

1,754,607

East

West

Bancorp,

Inc.

21,877

1,810,103

EastGroup

Properties,

Inc.

REIT

10,125

1,891,553

Equity

LifeStyle

Properties,

Inc.

REIT

35,872

2,559,108

Equity

Residential

REIT

35,501

2,643,404

Essex

Property

Trust,

Inc.

REIT

7,012

2,071,485

Evercore,

Inc.

Class A 

16,861

4,271,566

Everest

Group

Ltd.

7,228

2,832,147

Extra

Space

Storage,

Inc.

REIT

17,429

3,140,532

Fifth

Third

Bancorp

138,397

5,928,927

First

American

Financial

Corp.

40,249

2,656,836

Huntington

Bancshares,

Inc.

342,794

5,039,072

Invitation

Homes,

Inc.

REIT

42,139

1,485,821

Lamar

Advertising

Co.

Class A REIT

28,347

3,787,159

LPL

Financial

Holdings,

Inc.

20,000

4,652,600

Markel

Group,

Inc.

*

2,031

3,185,786

Regency

Centers

Corp.

REIT

48,351

3,492,393

RenaissanceRe

Holdings

Ltd.

(Bermuda) 

6,230

1,697,052

Rexford

Industrial

Realty,

Inc.

REIT

37,853

1,904,384

Rocket

Cos.,

Inc.

Class A *

122,792

2,356,378

Simon

Property

Group,

Inc.

REIT

30,313

5,123,503

SLM

Corp.

94,179

2,153,874

Synchrony

Financial

69,836

3,483,420

Travelers

Cos.,

Inc.

10,832

2,535,988

VICI

Properties,

Inc.

REIT

100,103

3,334,431

Voya

Financial,

Inc.

31,575

2,501,372

Weyerhaeuser

Co.

REIT

80,570

2,728,100

100,350,180

Industrial

-

24.9%

spacing

Advanced

Drainage

Systems,

Inc.

15,249

2,396,533

Allegion

PLC

28,303

4,124,879

AMETEK,

Inc.

30,160

5,178,774

Arrow

Electronics,

Inc.

*

18,959

2,518,324

Atkore,

Inc.

8,772

743,339

Ball

Corp.

72,003

4,889,724

Builders

FirstSource,

Inc.

*

9,362

1,814,917

BWX

Technologies,

Inc.

15,034

1,634,196

Curtiss-Wright

Corp.

10,726

3,525,529

Dover

Corp.

22,196

4,255,861

Expeditors

International

of

Washington,

Inc.

27,926

3,669,476

Flex

Ltd.

*

133,442

4,460,966

Fortive

Corp.

40,426

3,190,824

Frontdoor,

Inc.

*

62,112

2,980,755

118

PACIFIC

SELECT

FUND

MID-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Garmin

Ltd.

10,489

$

1,846,379

Generac

Holdings,

Inc.

*

17,721

2,815,513

Howmet

Aerospace,

Inc.

65,639

6,580,310

ITT,

Inc.

11,256

1,682,885

Jacobs

Solutions,

Inc.

15,026

1,966,903

Keysight

Technologies,

Inc.

*

18,727

2,976,282

L3Harris

Technologies,

Inc.

13,020

3,097,067

Landstar

System,

Inc.

15,335

2,896,321

Masco

Corp.

66,776

5,605,177

Masterbrand,

Inc.

*

36,220

671,519

Norfolk

Southern

Corp.

23,560

5,854,660

nVent

Electric

PLC

21,564

1,515,087

Otis

Worldwide

Corp.

16,215

1,685,387

Packaging

Corp.

of

America

18,954

4,082,692

Parker-Hannifin

Corp.

7,526

4,755,077

Sensata

Technologies

Holding

PLC

43,649

1,565,253

Textron,

Inc.

63,848

5,655,656

UFP

Industries,

Inc.

4,216

553,181

Watts

Water

Technologies,

Inc.

Class A 

7,609

1,576,509

102,765,955

Technology

-

9.2%

spacing

Amentum

Holdings,

Inc.

*

695

22,414

ASGN,

Inc.

*

17,542

1,635,441

Check

Point

Software

Technologies

Ltd.

*

(Israel) 

30,707

5,920,617

Cognizant

Technology

Solutions

Corp.

Class A 

20,970

1,618,465

Dell

Technologies,

Inc.

Class C 

19,998

2,370,563

Fidelity

National

Information

Services,

Inc.

24,607

2,060,836

Leidos

Holdings,

Inc.

15,612

2,544,756

Microchip

Technology,

Inc.

30,317

2,434,152

NetApp,

Inc.

16,532

2,041,867

Science

Applications

International

Corp.

24,659

3,434,259

Take-Two

Interactive

Software,

Inc.

*

13,780

2,118,124

TE

Connectivity

PLC

(Ireland) 

19,968

3,014,968

Teradyne,

Inc.

17,578

2,354,221

Zebra

Technologies

Corp.

Class A *

16,873

6,248,409

37,819,092

Utilities

-

4.3%

spacing

American

Electric

Power

Co.,

Inc.

19,262

1,976,281

CenterPoint

Energy,

Inc.

166,635

4,902,402

DTE

Energy

Co.

29,983

3,850,117

Entergy

Corp.

21,948

2,888,576

FirstEnergy

Corp.

47,430

2,103,521

OGE

Energy

Corp.

51,150

2,098,173

17,819,070

Total

Common

Stocks

    (Cost

$323,388,416)

405,174,519

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

1.5%

Repurchase

Agreements

-

1.5%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$6,221,371;

collateralized

by

U.S.

Treasury

Obligations:

4.500%

due

11/15/33

and

value

$6,345,205)

$

6,220,602

$

6,220,602

a

Total

Short-Term

Investments

(Cost

$6,220,602)

6,220,602

TOTAL

INVESTMENTS

-

99.8%

(Cost

$329,609,018)

411,395,121

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.2%

714,857

NET

ASSETS

-

100.0%

$

412,109,978

119

PACIFIC

SELECT

FUND

MID-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

405,174,519

$

405,174,519

$

–

$

–

Short-Term

Investments

6,220,602

–

6,220,602

–

Total

$

411,395,121

$

405,174,519

$

6,220,602

$

–

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

120

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

RIGHTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Chinook

Therapeutics,

Inc.

-

Contingent

Value

Rights

* ± Ω

3,680

$

3,091

Contra

Aduro

Biotechnologies,

Inc.

-

Contingent

Value

Rights

* ± Ω

154

74

Icosavax,

Inc.

-

Contingent

Value

Rights

*

1,880

583

Inhibrx,

Inc.

-

Contingent

Value

Rights

* ± Ω

674

755

OmniAb,

Inc.

$12.50

-

Earn

Out

Shares

* ± Ω

660

–

OmniAb,

Inc.

$15.00

-

Earn

Out

Shares

* ± Ω

660

–

4,503

Total

Rights

    (Cost

$2,456)

4,503

WARRANTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Pulse

Biosciences,

Inc.

Exercise

@

$3.27

Exp 06/26/29

*

78

255

Pulse

Biosciences,

Inc.

Exercise

@

$3.27

Exp 06/27/29

*

78

255

510

Total

Warrants

    (Cost

$0)

510

COMMON

STOCKS

-

98.5%

Basic

Materials

-

4.7%

spacing

AdvanSix,

Inc.

1,961

59,575

American

Vanguard

Corp.

1,960

10,388

Arcadium

Lithium

PLC

*

(Argentina) 

83,078

236,772

Ashland,

Inc.

2,727

237,167

Avient

Corp.

56,848

2,860,591

Caledonia

Mining

Corp.

PLC

(South

Africa) 

1,202

17,982

Centrus

Energy

Corp.

Class A *

298

16,345

Codexis,

Inc.

*

4,719

14,535

Coeur

Mining,

Inc.

*

30,470

209,634

Commercial

Metals

Co.

35,204

1,934,812

Compass

Minerals

International,

Inc.

2,690

32,334

Contango

ORE,

Inc.

*

397

7,646

Dakota

Gold

Corp.

*

1,458

3,441

Ecovyst,

Inc.

*

8,844

60,581

Elementis

PLC

(United

Kingdom) 

1,289,297

2,806,226

Encore

Energy

Corp.

*

(Canada) 

3,815

15,413

Energy

Fuels,

Inc.

*

14,362

78,847

Haynes

International,

Inc.

963

57,337

HB

Fuller

Co.

3,052

242,268

Hecla

Mining

Co.

45,097

300,797

i-80

Gold

Corp.

*

(Canada) 

23,416

27,163

Innospec,

Inc.

278

31,439

Intrepid

Potash,

Inc.

*

792

19,008

Kaiser

Aluminum

Corp.

100

7,252

Koppers

Holdings,

Inc.

1,563

57,096

Kronos

Worldwide,

Inc.

1,815

22,597

Lifezone

Holdings

Ltd.

*

(Isle

of

Man) 

2,751

19,257

Mativ

Holdings,

Inc.

4,099

69,642

Metals

Acquisition

Ltd.

Class A *

(Australia) 

2,971

41,148

Minerals

Technologies,

Inc.

2,473

190,990

Novagold

Resources,

Inc.

*

(Canada) 

18,929

77,609

a

Shares

Value

Oil-Dri

Corp.

of

America

301

$

20,766

Olin

Corp.

20,732

994,721

Perimeter

Solutions

SA

*

10,289

138,387

Piedmont

Lithium,

Inc.

*

927

8,278

Radius

Recycling,

Inc.

2,036

37,748

Rayonier

Advanced

Materials,

Inc.

*

4,976

42,595

Rogers

Corp.

*

1,415

159,909

Sensient

Technologies

Corp.

141

11,311

SSR

Mining,

Inc.

(Canada) 

15,381

87,364

Stepan

Co.

1,441

111,317

Sylvamo

Corp.

2,135

183,290

Tronox

Holdings

PLC

85,516

1,251,099

Universal

Stainless

&

Alloy

Products,

Inc.

*

691

26,693

Ur-Energy,

Inc.

*

2,007

2,388

Valhi,

Inc.

165

5,506

12,847,264

Communications

-

2.3%

spacing

1-800-Flowers.com,

Inc.

Class A *

1,460

11,578

1stdibs.com,

Inc.

*

1,472

6,491

ADTRAN

Holdings,

Inc.

*

6,121

36,297

Advantage

Solutions,

Inc.

*

8,649

29,666

aka

Brands

Holding

Corp.

*

116

2,739

AMC

Networks,

Inc.

Class A *

2,366

20,561

Anterix,

Inc.

*

95

3,578

Applied

Digital

Corp.

*

2,919

24,082

AST

SpaceMobile,

Inc.

*

10,286

268,979

ATN

International,

Inc.

784

25,355

Aviat

Networks,

Inc.

*

824

17,823

BARK,

Inc.

*

9,693

15,800

Beyond,

Inc.

*

3,388

34,151

BlackSky

Technology,

Inc.

*

873

4,138

Boston

Omaha

Corp.

Class A *

1,703

25,324

Bumble,

Inc.

Class A *

6,881

43,901

Cable

One,

Inc.

6,417

2,244,602

Calix,

Inc.

*

1,167

45,268

Cars.com,

Inc.

*

5,203

87,202

Clear

Channel

Outdoor

Holdings,

Inc.

*

23,148

37,037

Clearfield,

Inc.

*

935

36,428

CommScope

Holding

Co.,

Inc.

*

16,141

98,621

Consolidated

Communications

Holdings,

Inc.

*

5,684

26,374

Despegar.com

Corp.

*

(Argentina) 

3,979

49,340

DigitalBridge

Group,

Inc.

9,024

127,509

EchoStar

Corp.

Class A *

9,349

232,042

Entravision

Communications

Corp.

Class A 

4,666

9,659

ePlus,

Inc.

*

684

67,265

Eventbrite,

Inc.

Class A *

503

1,373

EW

Scripps

Co.

Class A *

4,698

10,547

Extreme

Networks,

Inc.

*

4,463

67,079

Figs,

Inc.

Class A *

9,211

63,003

fuboTV,

Inc.

*

21,640

30,729

Gannett

Co.,

Inc.

*

11,046

62,078

Globalstar,

Inc.

*

10,042

12,452

Gogo,

Inc.

*

2,694

19,343

Gray

Television,

Inc.

6,321

33,881

Groupon,

Inc.

*

912

8,919

HealthStream,

Inc.

1,212

34,954

IDT

Corp.

Class B 

352

13,436

iHeartMedia,

Inc.

Class A *

8,704

16,102

Innovid

Corp.

*

(Israel) 

7,966

14,339

Lands'

End,

Inc.

*

1,065

18,393

Liberty

Latin

America

Ltd.

Class A *

2,524

24,180

Liberty

Latin

America

Ltd.

Class C *

10,015

95,042

121

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

LifeMD,

Inc.

*

1,116

$

5,848

LiveOne,

Inc.

*

1,887

1,790

Lumen

Technologies,

Inc.

*

77,772

552,181

Magnite,

Inc.

*

1,183

16,385

Mondee

Holdings,

Inc.

*

514

714

National

CineMedia,

Inc.

*

5,406

38,112

NETGEAR,

Inc.

*

2,220

44,533

Nextdoor

Holdings,

Inc.

*

13,988

34,690

Ooma,

Inc.

*

1,416

16,128

Opendoor

Technologies,

Inc.

*

45,249

90,498

Powerfleet,

Inc.

NJ

*

7,407

37,035

Preformed

Line

Products

Co.

167

21,389

RealReal,

Inc.

*

2,501

7,853

Ribbon

Communications,

Inc.

*

6,791

22,071

RumbleON,

Inc.

Class B *

1,074

5,144

Scholastic

Corp.

1,780

56,978

Shenandoah

Telecommunications

Co.

3,664

51,699

Shutterstock,

Inc.

442

15,634

Solo

Brands,

Inc.

Class A *

1,865

2,630

Sphere

Entertainment

Co.

*

2,037

89,995

Spok

Holdings,

Inc.

1,329

20,015

Stagwell,

Inc.

*

5,569

39,094

Stitch

Fix,

Inc.

Class A *

6,617

18,660

TEGNA,

Inc.

13,174

207,886

Telephone

&

Data

Systems,

Inc.

7,579

176,212

Terran

Orbital

Corp.

*

10,336

2,596

TrueCar,

Inc.

*

6,952

23,984

Vacasa,

Inc.

Class A *

806

2,265

Viasat,

Inc.

*

9,529

113,776

Viavi

Solutions,

Inc.

*

16,704

150,670

WideOpenWest,

Inc.

*

3,801

19,955

Ziff

Davis,

Inc.

*

3,461

168,412

6,212,492

Consumer,

Cyclical

-

14.3%

spacing

A-Mark

Precious

Metals,

Inc.

1,372

60,588

Academy

Sports

&

Outdoors,

Inc.

4,035

235,483

Adient

PLC

*

7,034

158,757

Aeva

Technologies,

Inc.

*

2,076

6,830

Allegiant

Travel

Co.

1,179

64,916

AMC

Entertainment

Holdings,

Inc.

Class A *

26,002

118,309

American

Axle

&

Manufacturing

Holdings,

Inc.

*

9,196

56,831

American

Eagle

Outfitters,

Inc.

2,955

66,162

America's

Car-Mart,

Inc.

*

426

17,858

Arhaus,

Inc.

650

8,001

Arko

Corp.

5,379

37,761

Asbury

Automotive

Group,

Inc.

*

1,571

374,825

Aurora

Innovation,

Inc.

*

33,288

197,065

Bally's

Corp.

*

1,740

30,015

Beacon

Roofing

Supply,

Inc.

*

358

30,942

Beazer

Homes

USA,

Inc.

*

2,229

76,165

Biglari

Holdings,

Inc.

Class B *

57

9,805

BJ's

Restaurants,

Inc.

*

680

22,141

Blink

Charging

Co.

*

4,285

7,370

Bloomin'

Brands,

Inc.

2,902

47,970

BlueLinx

Holdings,

Inc.

*

659

69,472

Boyd

Gaming

Corp.

18,151

1,173,462

Brinker

International,

Inc.

*

55,182

4,223,078

BRP,

Inc.

22,490

1,338,475

Brunswick

Corp.

3,247

272,164

Caleres,

Inc.

1,883

62,233

Canoo,

Inc.

*

4,617

4,541

Century

Communities,

Inc.

7,685

791,401

a

Shares

Value

Champion

Homes,

Inc.

*

2,151

$

204,022

Chuy's

Holdings,

Inc.

*

1,310

48,994

Cinemark

Holdings,

Inc.

*

1,764

49,110

Citi

Trends,

Inc.

*

483

8,873

Clarus

Corp.

2,411

10,849

Clean

Energy

Fuels

Corp.

*

13,425

41,752

Commercial

Vehicle

Group,

Inc.

*

2,748

8,931

CompX

International,

Inc.

71

2,074

Cooper-Standard

Holdings,

Inc.

*

1,317

18,267

Cracker

Barrel

Old

Country

Store,

Inc.

1,330

60,315

Daktronics,

Inc.

*

2,552

32,946

Dalata

Hotel

Group

PLC

(Ireland) 

338,402

1,545,719

Dana,

Inc.

10,098

106,635

Denny's

Corp.

*

1,060

6,837

Designer

Brands,

Inc.

Class A 

3,283

24,229

Destination

XL

Group,

Inc.

*

4,062

11,942

Dine

Brands

Global,

Inc.

1,025

32,011

Douglas

Dynamics,

Inc.

251

6,923

Dr.

Martens

PLC

(United

Kingdom) 

542,187

409,142

El

Pollo

Loco

Holdings,

Inc.

*

2,034

27,866

Empire

Resorts,

Inc.

(Escrow)

* ± Ω

222

–

Escalade,

Inc.

676

9,511

Ethan

Allen

Interiors,

Inc.

1,758

56,063

Everi

Holdings,

Inc.

*

2,805

36,858

EVgo,

Inc.

*

6,598

27,316

EVI

Industries,

Inc.

112

2,165

Flexsteel

Industries,

Inc.

369

16,343

Foot

Locker,

Inc.

6,393

165,195

Forestar

Group,

Inc.

*

1,319

42,696

Fox

Factory

Holding

Corp.

*

3,212

133,298

Full

House

Resorts,

Inc.

*

2,437

12,234

Funko,

Inc.

Class A *

2,443

29,853

G-III

Apparel

Group

Ltd.

*

3,069

93,666

Genesco,

Inc.

*

640

17,389

Global

Business

Travel

Group

I

*

1,533

11,789

GMS,

Inc.

*

353

31,971

Golden

Entertainment,

Inc.

1,528

48,575

Goodyear

Tire

&

Rubber

Co.

*

21,813

193,045

Green

Brick

Partners,

Inc.

*

1,721

143,738

Group

1

Automotive,

Inc.

5,889

2,255,723

GrowGeneration

Corp.

*

4,471

9,523

H&E

Equipment

Services,

Inc.

194

9,444

Hamilton

Beach

Brands

Holding

Co.

Class A 

606

18,441

Haverty

Furniture

Cos.,

Inc.

1,084

29,777

Hilton

Grand

Vacations,

Inc.

*

86,964

3,158,532

HNI

Corp.

56,392

3,036,145

Holley,

Inc.

*

1,857

5,478

Hooker

Furnishings

Corp.

835

15,097

Hovnanian

Enterprises,

Inc.

Class A *

359

73,369

Hudson

Technologies,

Inc.

*

3,018

25,170

Hyliion

Holdings

Corp.

*

10,912

27,062

indie

Semiconductor,

Inc.

Class A *

(China) 

8,782

35,040

Interface,

Inc.

4,079

77,379

International

Game

Technology

PLC

7,615

162,199

iRobot

Corp.

*

2,226

19,344

J

Jill,

Inc.

18

444

JAKKS

Pacific,

Inc.

*

591

15,082

JetBlue

Airways

Corp.

*

24,025

157,604

Johnson

Outdoors,

Inc.

Class A 

314

11,367

KB

Home

4,506

386,119

La-Z-Boy,

Inc.

3,235

138,879

Landsea

Homes

Corp.

*

1,175

14,511

LCI

Industries

5,830

702,748

122

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Leslie's,

Inc.

*

5,445

$

17,206

LGI

Homes,

Inc.

*

1,469

174,106

Life

Time

Group

Holdings,

Inc.

*

4,569

111,575

Lifetime

Brands,

Inc.

1,041

6,808

Lindblad

Expeditions

Holdings,

Inc.

*

871

8,057

Lions

Gate

Entertainment

Corp.

Class A *

4,813

37,686

Lions

Gate

Entertainment

Corp.

Class B *

9,065

62,730

Lovesac

Co.

*

505

14,468

Luminar

Technologies,

Inc.

*

3,325

2,992

M/I

Homes,

Inc.

*

8,568

1,468,212

Madison

Square

Garden

Entertainment

Corp.

*

2,683

114,108

Malibu

Boats,

Inc.

Class A *

1,578

61,242

Marcus

Corp.

1,923

28,980

Marine

Products

Corp.

320

3,101

MarineMax,

Inc.

*

1,645

58,019

MasterCraft

Boat

Holdings,

Inc.

*

1,362

24,802

Mattel,

Inc.

*

243,162

4,632,236

Meritage

Homes

Corp.

8,682

1,780,418

Methode

Electronics,

Inc.

2,826

33,799

Miller

Industries,

Inc.

774

47,214

MillerKnoll,

Inc.

5,403

133,778

Movado

Group,

Inc.

1,121

20,851

MRC

Global,

Inc.

*

6,519

83,052

National

Vision

Holdings,

Inc.

*

5,501

60,016

Nu

Skin

Enterprises,

Inc.

Class A 

3,730

27,490

ODP

Corp.

*

2,723

81,009

OneWater

Marine,

Inc.

Class A *

946

22,619

OPENLANE,

Inc.

*

8,282

139,800

Oxford

Industries,

Inc.

356

30,887

Papa

John's

International,

Inc.

714

38,463

PC

Connection,

Inc.

903

68,113

Peloton

Interactive,

Inc.

Class A *

2,118

9,912

Petco

Health

&

Wellness

Co.,

Inc.

*

6,499

29,570

Phinia,

Inc.

3,360

154,661

Portillo's,

Inc.

Class A *

901

12,136

PriceSmart,

Inc.

681

62,502

Purple

Innovation,

Inc.

*

5,299

5,239

PVH

Corp.

6,776

683,224

RCI

Hospitality

Holdings,

Inc.

304

13,543

Red

Rock

Resorts,

Inc.

Class A 

2,105

114,596

Reservoir

Media,

Inc.

*

1,432

11,614

Resideo

Technologies,

Inc.

*

11,319

227,965

REV

Group,

Inc.

957

26,853

Rocky

Brands,

Inc.

382

12,171

Rush

Enterprises,

Inc.

Class A 

4,716

249,146

Rush

Enterprises,

Inc.

Class B 

659

31,599

Sabre

Corp.

*

22,740

83,456

Sally

Beauty

Holdings,

Inc.

*

8,031

108,981

ScanSource,

Inc.

*

1,956

93,947

SES

AI

Corp.

*

8,448

5,405

Shoe

Carnival,

Inc.

1,404

61,565

Shyft

Group,

Inc.

2,518

31,601

Signet

Jewelers

Ltd.

(NYSE)

3,289

339,227

Six

Flags

Entertainment

Corp.

1,868

75,299

SkyWest,

Inc.

*

3,076

261,522

Sleep

Number

Corp.

*

1,693

31,016

Solid

Power,

Inc.

*

10,573

14,274

Sonic

Automotive,

Inc.

Class A 

801

46,842

Sonos,

Inc.

*

896

11,012

Spirit

Airlines,

Inc.

8,353

20,047

Standard

Motor

Products,

Inc.

1,582

52,522

Steelcase,

Inc.

Class A 

7,220

97,398

Sun

Country

Airlines

Holdings,

Inc.

*

1,640

18,384

a

Shares

Value

Superior

Group

of

Cos.,

Inc.

966

$

14,963

Taylor

Morrison

Home

Corp.

*

18,568

1,304,588

ThredUp,

Inc.

Class A *

5,665

4,770

Tile

Shop

Holdings,

Inc.

*

1,271

8,376

Tilly's,

Inc.

Class A *

546

2,785

Titan

International,

Inc.

*

3,811

30,983

Titan

Machinery,

Inc.

*

1,681

23,416

Topgolf

Callaway

Brands

Corp.

*

10,870

119,353

Traeger,

Inc.

*

2,289

8,424

Tri

Pointe

Homes,

Inc.

*

5,004

226,731

UniFirst

Corp.

1,152

228,845

United

Parks

&

Resorts,

Inc.

*

195

9,867

Urban

Outfitters,

Inc.

*

3,572

136,843

Vera

Bradley,

Inc.

*

1,964

10,723

Victoria's

Secret

&

Co.

*

4,617

118,657

Virco

Mfg.

Corp.

849

11,725

Vista

Outdoor,

Inc.

*

4,482

175,605

VSE

Corp.

1,039

85,956

Wabash

National

Corp.

3,340

64,095

Webtoon

Entertainment,

Inc.

*

(South

Korea) 

660

7,550

Weyco

Group,

Inc.

472

16,067

Winmark

Corp.

215

82,330

Winnebago

Industries,

Inc.

2,190

127,261

Xperi,

Inc.

*

3,240

29,938

Zumiez,

Inc.

*

1,295

27,583

38,944,739

Consumer,

Non-Cyclical

-

9.4%

spacing

2seventy

bio,

Inc.

*

3,895

18,384

4D

Molecular

Therapeutics,

Inc.

*

1,405

15,188

89bio,

Inc.

*

6,408

47,419

Aaron's

Co.,

Inc.

2,531

25,183

ABM

Industries,

Inc.

4,922

259,685

Absci

Corp.

*

1,967

7,514

Acacia

Research

Corp.

*

2,592

12,079

ACCO

Brands

Corp.

7,359

40,254

Accolade,

Inc.

*

3,753

14,449

ACELYRIN,

Inc.

*

5,763

28,412

Achieve

Life

Sciences,

Inc.

*

1,030

4,882

Acrivon

Therapeutics,

Inc.

*

796

5,572

Acumen

Pharmaceuticals,

Inc.

*

3,119

7,735

AdaptHealth

Corp.

*

4,381

49,199

Adaptive

Biotechnologies

Corp.

*

8,541

43,730

ADC

Therapeutics

SA

*

(Switzerland) 

2,156

6,791

Addus

HomeCare

Corp.

*

799

106,291

Adtalem

Global

Education,

Inc.

*

2,364

178,435

Adverum

Biotechnologies,

Inc.

*

1,623

11,393

Agenus,

Inc.

*

1,443

7,908

Agios

Pharmaceuticals,

Inc.

*

4,333

192,515

Akebia

Therapeutics,

Inc.

*

15,208

20,075

Akero

Therapeutics,

Inc.

*

4,282

122,851

Aldeyra

Therapeutics,

Inc.

*

3,531

19,032

Alico,

Inc.

545

15,244

Alight,

Inc.

Class A *

32,662

241,699

Allogene

Therapeutics,

Inc.

*

9,663

27,056

Altimmune,

Inc.

*

2,311

14,190

Alto

Neuroscience,

Inc.

*

603

6,898

Alumis,

Inc.

*

423

4,518

American

Public

Education,

Inc.

*

1,194

17,612

Amneal

Pharmaceuticals,

Inc.

*

2,303

19,161

Anavex

Life

Sciences

Corp.

*

4,252

24,151

Andersons,

Inc.

2,222

111,411

AngioDynamics,

Inc.

*

2,800

21,784

123

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

ANI

Pharmaceuticals,

Inc.

*

403

$

24,043

Anika

Therapeutics,

Inc.

*

870

21,489

Annexon,

Inc.

*

7,317

43,317

Applied

Therapeutics,

Inc.

*

3,176

26,996

Aquestive

Therapeutics,

Inc.

*

4,338

21,603

Arbutus

Biopharma

Corp.

*

1,085

4,177

Arcturus

Therapeutics

Holdings,

Inc.

*

233

5,408

Ardent

Health

Partners,

Inc.

*

244

4,485

ArriVent

Biopharma,

Inc.

*

830

19,505

Artiva

Biotherapeutics,

Inc.

*

(South

Korea) 

437

6,752

Artivion,

Inc.

*

739

19,672

Astria

Therapeutics,

Inc.

*

377

4,151

Atea

Pharmaceuticals,

Inc.

*

5,707

19,118

Atossa

Therapeutics,

Inc.

*

8,773

13,335

AtriCure,

Inc.

*

1,202

33,704

Aura

Biosciences,

Inc.

*

3,382

30,134

Aurinia

Pharmaceuticals,

Inc.

*

(Canada) 

2,549

18,684

Avanos

Medical,

Inc.

*

3,501

84,129

Aveanna

Healthcare

Holdings,

Inc.

*

1,272

6,614

Avid

Bioservices,

Inc.

*

404

4,598

B&G

Foods,

Inc.

6,019

53,449

Babcock

International

Group

PLC

(United

Kingdom) 

345,401

2,181,908

Barrett

Business

Services,

Inc.

188

7,052

Beam

Therapeutics,

Inc.

*

5,823

142,664

BioLife

Solutions,

Inc.

*

326

8,163

Biote

Corp.

Class A *

9

50

Bioventus,

Inc.

Class A *

1,873

22,382

Black

Diamond

Therapeutics,

Inc.

*

1,136

4,942

Blade

Air

Mobility,

Inc.

*

4,491

13,204

Bluebird

Bio,

Inc.

*

14,832

7,705

BRC,

Inc.

Class A *

568

1,943

Bridgebio

Pharma,

Inc.

*

4,023

102,426

BrightView

Holdings,

Inc.

*

4,548

71,586

Brookdale

Senior

Living,

Inc.

*

2,189

14,863

C4

Therapeutics,

Inc.

*

4,311

24,573

Cabaletta

Bio,

Inc.

*

2,667

12,588

Cal-Maine

Foods,

Inc.

2,978

222,874

Calavo

Growers,

Inc.

1,078

30,755

Capricor

Therapeutics,

Inc.

*

611

9,293

Cardiff

Oncology,

Inc.

*

2,185

5,834

CareDx,

Inc.

*

3,062

95,611

Cargo

Therapeutics,

Inc.

*

2,343

43,228

Caribou

Biosciences,

Inc.

*

6,506

12,752

Carriage

Services,

Inc.

252

8,273

Cass

Information

Systems,

Inc.

223

9,250

Castle

Biosciences,

Inc.

*

1,396

39,814

Celcuity,

Inc.

*

125

1,864

Celldex

Therapeutics,

Inc.

*

852

28,959

Central

Garden

&

Pet

Co.

*

871

31,765

Central

Garden

&

Pet

Co.

Class A *

2,964

93,070

Century

Therapeutics,

Inc.

*

3,687

6,305

CG

oncology,

Inc.

*

1,426

53,803

Chegg,

Inc.

*

7,944

14,061

Cibus,

Inc.

*

1,161

3,785

Cimpress

PLC

*

(Ireland) 

450

36,864

Cogent

Biosciences,

Inc.

*

545

5,886

Coherus

Biosciences,

Inc.

*

6,199

6,447

Colliers

International

Group,

Inc.

(Canada) 

9,250

1,404,242

Community

Health

Systems,

Inc.

*

4,609

27,977

Compass

Therapeutics,

Inc.

*

6,857

12,617

CompoSecure,

Inc.

Class A 

319

4,472

Concentra

Group

Holdings

Parent,

Inc.

*

520

11,627

Contineum

Therapeutics,

Inc.

Class A *

164

3,139

a

Shares

Value

Corbus

Pharmaceuticals

Holdings,

Inc.

*

341

$

7,035

CoreCivic,

Inc.

*

8,514

107,702

CorMedix,

Inc.

*

455

3,676

Cross

Country

Healthcare,

Inc.

*

2,497

33,560

Cullinan

Therapeutics,

Inc.

*

402

6,729

Custom

Truck

One

Source,

Inc.

*

1,288

4,444

Cytek

Biosciences,

Inc.

*

9,534

52,818

Cytokinetics,

Inc.

*

7,962

420,394

Day

One

Biopharmaceuticals,

Inc.

*

480

6,686

Deluxe

Corp.

3,449

67,221

Denali

Therapeutics,

Inc.

*

4,044

117,802

Design

Therapeutics,

Inc.

*

2,218

11,933

Dianthus

Therapeutics,

Inc.

*

1,659

45,423

Disc

Medicine,

Inc.

*

1,346

66,142

Distribution

Solutions

Group,

Inc.

*

78

3,004

DLH

Holdings

Corp.

*

322

3,014

DocGo,

Inc.

*

6,101

20,255

Dole

PLC

5,843

95,182

Duckhorn

Portfolio,

Inc.

*

3,992

23,194

Dynavax

Technologies

Corp.

*

2,027

22,581

Edgewell

Personal

Care

Co.

3,768

136,929

Editas

Medicine,

Inc.

*

5,977

20,382

Elevation

Oncology,

Inc.

*

1,584

950

Eliem

Therapeutics,

Inc.

*

2,077

10,572

Embecta

Corp.

3,998

56,372

Emerald

Holding,

Inc.

1,025

5,115

Enanta

Pharmaceuticals,

Inc.

*

1,583

16,400

Enhabit,

Inc.

*

3,396

26,828

Enliven

Therapeutics,

Inc.

*

160

4,086

Ennis,

Inc.

1,747

42,487

Entrada

Therapeutics,

Inc.

*

1,933

30,889

Envista

Holdings

Corp.

*

90,783

1,793,872

Erasca,

Inc.

*

13,438

36,686

Esperion

Therapeutics,

Inc.

*

10,890

17,969

European

Wax

Center,

Inc.

Class A *

67

456

EyePoint

Pharmaceuticals,

Inc.

*

2,180

17,418

Fate

Therapeutics,

Inc.

*

7,966

27,881

Fennec

Pharmaceuticals,

Inc.

*

(Canada) 

1,271

6,355

First

Advantage

Corp.

*

1,605

31,859

Foghorn

Therapeutics,

Inc.

*

825

7,681

Forrester

Research,

Inc.

*

904

16,281

Fractyl

Health,

Inc.

*

1,133

2,866

Fresh

Del

Monte

Produce,

Inc.

2,580

76,213

Fulcrum

Therapeutics,

Inc.

*

2,641

9,428

Fulgent

Genetics,

Inc.

*

1,496

32,508

GeneDx

Holdings

Corp.

*

877

37,220

Generation

Bio

Co.

*

3,576

8,833

GEO

Group,

Inc.

*

9,633

123,784

Geron

Corp.

*

13,279

60,287

Glanbia

PLC

(Ireland) 

73,023

1,285,124

Graham

Holdings

Co.

Class B 

258

212,004

Green

Dot

Corp.

Class A *

2,700

31,617

Gyre

Therapeutics,

Inc.

*

520

6,521

Hackett

Group,

Inc.

94

2,469

Hain

Celestial

Group,

Inc.

*

6,738

58,149

Harvard

Bioscience,

Inc.

*

1,891

5,087

Healthcare

Services

Group,

Inc.

*

5,755

64,283

Heidrick

&

Struggles

International,

Inc.

1,562

60,699

Helen

of

Troy

Ltd.

*

1,749

108,176

Herbalife

Ltd.

*

2,666

19,169

Herc

Holdings,

Inc.

2,962

472,232

Heron

Therapeutics,

Inc.

*

8,526

16,967

Hertz

Global

Holdings,

Inc.

*

9,907

32,693

HF

Foods

Group,

Inc.

*

3,128

11,167

124

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

HilleVax,

Inc.

*

1,940

$

3,414

Honest

Co.,

Inc.

*

3,816

13,623

ICU

Medical,

Inc.

*

1,646

299,934

IGM

Biosciences,

Inc.

*

155

2,564

ImmunityBio,

Inc.

*

2,637

9,810

Information

Services

Group,

Inc.

3,763

12,418

Ingles

Markets,

Inc.

Class A 

1,104

82,358

Inhibrx

Biosciences,

Inc.

*

362

5,669

Inmode

Ltd.

*

5,276

89,428

Innovage

Holding

Corp.

*

857

5,142

Innoviva,

Inc.

*

3,933

75,946

Inogen,

Inc.

*

1,804

17,499

Inovio

Pharmaceuticals,

Inc.

*

2,126

12,288

Inozyme

Pharma,

Inc.

*

3,690

19,299

Integer

Holdings

Corp.

*

776

100,880

Integra

LifeSciences

Holdings

Corp.

*

5,230

95,029

Intellia

Therapeutics,

Inc.

*

7,355

151,145

Invivyd,

Inc.

*

6,550

6,681

Ironwood

Pharmaceuticals,

Inc.

*

7,275

29,973

iTeos

Therapeutics,

Inc.

*

2,145

21,900

John

Wiley

&

Sons,

Inc.

Class A 

1,318

63,594

Kelly

Services,

Inc.

Class A 

2,457

52,604

Kforce,

Inc.

21,162

1,300,405

Kodiak

Sciences,

Inc.

*

3,079

8,036

Korn

Ferry

4,039

303,894

Korro

Bio,

Inc.

*

371

12,399

Kyverna

Therapeutics,

Inc.

*

529

2,587

Laureate

Education,

Inc.

2,159

35,861

LENZ

Therapeutics,

Inc.

1,039

24,666

Lexeo

Therapeutics,

Inc.

*

61

551

Lexicon

Pharmaceuticals,

Inc.

*

6,133

9,629

Lifecore

Biomedical,

Inc.

*

1,550

7,642

LifeStance

Health

Group,

Inc.

*

5,655

39,585

Ligand

Pharmaceuticals,

Inc.

*

1,303

130,417

Limoneira

Co.

1,191

31,562

Lincoln

Educational

Services

Corp.

*

1,987

23,725

LivaNova

PLC

*

3,924

206,167

Lyell

Immunopharma,

Inc.

*

13,287

18,336

MannKind

Corp.

*

4,592

28,884

MarketWise,

Inc.

4,670

3,121

Marqeta,

Inc.

Class A *

4,846

23,842

Matthews

International

Corp.

Class A 

2,223

51,574

MaxCyte,

Inc.

*

7,857

30,564

Medifast,

Inc.

780

14,929

MeiraGTx

Holdings

PLC

*

1,011

4,216

Mersana

Therapeutics,

Inc.

*

3,840

7,258

MiMedx

Group,

Inc.

*

4,835

28,575

Mineralys

Therapeutics,

Inc.

*

1,801

21,810

Mission

Produce,

Inc.

*

2,926

37,511

Mister

Car

Wash,

Inc.

*

1,124

7,317

ModivCare,

Inc.

*

393

5,612

Monro,

Inc.

2,209

63,752

Monte

Rosa

Therapeutics,

Inc.

*

3,076

16,303

Myriad

Genetics,

Inc.

*

6,854

187,731

Nano-X

Imaging

Ltd.

*

(Israel) 

256

1,556

National

HealthCare

Corp.

957

120,362

Natural

Grocers

by

Vitamin

Cottage,

Inc.

Class C 

547

16,240

Nature's

Sunshine

Products,

Inc.

*

726

9,888

Nautilus

Biotechnology,

Inc.

SPAC

*

3,897

11,106

Nektar

Therapeutics

*

14,736

19,157

Neogen

Corp.

*

16,752

281,601

NeoGenomics,

Inc.

*

8,978

132,426

Neurogene,

Inc.

*

403

16,910

a

Shares

Value

Nevro

Corp.

*

2,714

$

15,171

Nkarta,

Inc.

*

4,237

19,151

Novavax,

Inc.

*

2,373

29,971

Nurix

Therapeutics,

Inc.

*

1,533

34,447

Nuvation

Bio,

Inc.

*

14,379

32,928

Olaplex

Holdings,

Inc.

*

10,978

25,798

Olema

Pharmaceuticals,

Inc.

*

2,381

28,429

Omeros

Corp.

*

3,099

12,303

OmniAb,

Inc.

*

5,855

24,767

Omnicell,

Inc.

*

3,493

152,295

OPKO

Health,

Inc.

*

24,202

36,061

Option

Care

Health,

Inc.

*

7,012

219,476

OraSure

Technologies,

Inc.

*

5,422

23,152

Orchestra

BioMed

Holdings,

Inc.

*

993

5,104

Organogenesis

Holdings,

Inc.

*

4,820

13,785

ORIC

Pharmaceuticals,

Inc.

*

3,749

38,427

Orthofix

Medical,

Inc.

*

2,634

41,143

OrthoPediatrics

Corp.

*

1,193

32,342

Outlook

Therapeutics,

Inc.

*

396

2,115

Owens

&

Minor,

Inc.

*

4,896

76,818

Pacific

Biosciences

of

California,

Inc.

*

21,261

36,144

Pacira

BioSciences,

Inc.

*

3,165

47,633

Patterson

Cos.,

Inc.

5,043

110,139

Payoneer

Global,

Inc.

*

3,443

25,926

Paysafe

Ltd.

*

2,527

56,681

Pediatrix

Medical

Group,

Inc.

*

6,410

74,292

PepGen,

Inc.

*

199

1,701

Perdoceo

Education

Corp.

3,671

81,643

Performant

Financial

Corp.

*

2,025

7,574

Perspective

Therapeutics,

Inc.

*

687

9,171

PetIQ,

Inc.

*

1,795

55,232

Phathom

Pharmaceuticals,

Inc.

*

2,077

37,552

Phibro

Animal

Health

Corp.

Class A 

1,237

27,857

Pliant

Therapeutics,

Inc.

*

4,437

49,739

Poseida

Therapeutics,

Inc.

*

3,910

11,183

Precigen,

Inc.

*

9,882

9,359

Prelude

Therapeutics,

Inc.

*

1,033

2,138

Prestige

Consumer

Healthcare,

Inc.

*

3,787

273,043

Primo

Water

Corp.

10,724

270,781

PROG

Holdings,

Inc.

2,695

130,681

ProKidney

Corp.

*

960

1,843

Prothena

Corp.

PLC

*

(Ireland) 

1,396

23,355

PTC

Therapeutics,

Inc.

*

1,359

50,419

Puma

Biotechnology,

Inc.

*

2,060

5,253

Pyxis

Oncology,

Inc.

*

3,804

13,961

Q32

Bio,

Inc.

*

443

19,767

Quad/Graphics,

Inc.

1,247

5,661

Quanex

Building

Products

Corp.

3,382

93,851

Quanterix

Corp.

*

2,266

29,367

Quantum-Si,

Inc.

*

7,747

6,834

Quipt

Home

Medical

Corp.

*

2,331

6,807

Rapport

Therapeutics,

Inc.

*

296

6,062

RAPT

Therapeutics,

Inc.

*

2,479

4,983

REGENXBIO,

Inc.

*

3,631

38,089

Regulus

Therapeutics,

Inc.

*

3,787

5,946

Relay

Therapeutics,

Inc.

*

7,770

55,012

Renovaro,

Inc.

*

1,802

871

Repay

Holdings

Corp.

*

6,958

56,777

Replimune

Group,

Inc.

*

4,631

50,756

Resources

Connection,

Inc.

2,228

21,612

REVOLUTION

Medicines,

Inc.

*

4,087

185,345

Rigel

Pharmaceuticals,

Inc.

*

176

2,848

Sage

Therapeutics,

Inc.

*

4,334

31,291

Savara,

Inc.

*

1,734

7,352

125

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Scholar

Rock

Holding

Corp.

*

626

$

5,014

Scilex

Holding

Co.

*

6,965

6,440

Select

Medical

Holdings

Corp.

2,624

91,499

Seneca

Foods

Corp.

Class A *

359

22,376

Sezzle,

Inc.

*

15

2,559

Shattuck

Labs,

Inc.

*

1,234

4,307

SI-BONE,

Inc.

*

516

7,214

SIGA

Technologies,

Inc.

983

6,635

Skye

Bioscience,

Inc.

*

1,142

4,465

Solid

Biosciences,

Inc.

*

1,689

11,772

Sonida

Senior

Living,

Inc.

*

125

3,343

SoundThinking,

Inc.

*

235

2,724

SpartanNash

Co.

2,543

56,989

Spyre

Therapeutics,

Inc.

*

2,368

69,643

Sterling

Check

Corp.

*

1,049

17,539

StoneCo

Ltd.

Class A *

(Brazil) 

10,650

119,919

Strategic

Education,

Inc.

1,715

158,723

Summit

Therapeutics,

Inc.

*

329

7,205

Supernus

Pharmaceuticals,

Inc.

*

3,602

112,310

Surgery

Partners,

Inc.

*

5,910

190,538

Surmodics,

Inc.

*

368

14,271

Sutro

Biopharma,

Inc.

*

6,363

22,016

Tactile

Systems

Technology,

Inc.

*

1,720

25,129

Tejon

Ranch

Co.

*

1,556

27,308

Teladoc

Health,

Inc.

*

11,058

101,512

Tenaya

Therapeutics,

Inc.

*

3,623

6,992

Terns

Pharmaceuticals,

Inc.

*

4,018

33,510

Theravance

Biopharma,

Inc.

*

2,804

22,600

Third

Harmonic

Bio,

Inc.

*

1,448

19,620

Tourmaline

Bio,

Inc.

1,836

47,204

Travere

Therapeutics,

Inc.

*

5,686

79,547

TreeHouse

Foods,

Inc.

*

3,642

152,891

Trevi

Therapeutics,

Inc.

*

2,005

6,697

TrueBlue,

Inc.

*

2,342

18,478

TScan

Therapeutics,

Inc.

*

1,132

5,637

Turning

Point

Brands,

Inc.

179

7,724

United

Natural

Foods,

Inc.

*

4,509

75,841

Universal

Corp.

1,846

98,041

UroGen

Pharma

Ltd.

*

597

7,582

USANA

Health

Sciences,

Inc.

*

843

31,967

Utah

Medical

Products,

Inc.

196

13,114

Utz

Brands,

Inc.

1,595

28,231

Vanda

Pharmaceuticals,

Inc.

*

4,297

20,153

Varex

Imaging

Corp.

*

2,998

35,736

Vector

Group

Ltd.

9,598

143,202

Ventyx

Biosciences,

Inc.

*

4,765

10,388

Veracyte,

Inc.

*

5,876

200,019

Veru,

Inc.

*

3,542

2,724

Verve

Therapeutics,

Inc.

*

5,584

27,027

Village

Super

Market,

Inc.

Class A 

644

20,473

Vir

Biotechnology,

Inc.

*

6,700

50,183

Viridian

Therapeutics,

Inc.

*

1,298

29,529

Voyager

Therapeutics,

Inc.

*

3,599

21,054

Waldencast

PLC

Class A *

1,635

5,951

WaVe

Life

Sciences

Ltd.

*

864

7,085

Weis

Markets,

Inc.

1,237

85,266

Werewolf

Therapeutics,

Inc.

*

1,770

3,752

Willdan

Group,

Inc.

*

957

39,189

WillScot

Holdings

Corp.

*

61,906

2,327,666

XBiotech,

Inc.

*

1,485

11,479

Xencor,

Inc.

*

2,474

49,752

XOMA

Royalty

Corp.

*

203

5,375

Zentalis

Pharmaceuticals,

Inc.

*

4,456

16,398

Zevra

Therapeutics,

Inc.

*

1,427

9,903

a

Shares

Value

Zimvie,

Inc.

*

2,183

$

34,644

Zymeworks,

Inc.

*

4,305

54,028

25,551,659

Energy

-

4.8%

spacing

Aemetis,

Inc.

*

2,873

6,608

Amplify

Energy

Corp.

*

3,097

20,223

Arch

Resources,

Inc.

1,348

186,240

Aris

Water

Solutions,

Inc.

Class A 

1,944

32,795

Berry

Corp.

3,897

20,031

Borr

Drilling

Ltd.

*

(Mexico) 

18,163

99,715

Bristow

Group,

Inc.

*

1,893

65,668

California

Resources

Corp.

5,301

278,143

CNX

Resources

Corp.

*

11,425

372,112

Comstock

Resources,

Inc.

7,058

78,556

CONSOL

Energy,

Inc.

2,251

235,567

Crescent

Energy

Co.

Class A 

8,134

89,067

CVR

Energy,

Inc.

328

7,554

Delek

U.S.

Holdings,

Inc.

3,491

65,456

Diversified

Energy

Co.

PLC

~

3,381

38,476

DMC

Global,

Inc.

*

1,207

15,667

DNOW,

Inc.

*

8,075

104,410

Drilling

Tools

International

Corp.

*

755

2,816

Energy

Vault

Holdings,

Inc.

*

8,158

7,832

Evolution

Petroleum

Corp.

1,159

6,154

Excelerate

Energy,

Inc.

Class A 

1,392

30,638

Expro

Group

Holdings

NV

*

7,258

124,620

Forum

Energy

Technologies,

Inc.

*

832

12,863

Freyr

Battery,

Inc.

*

(Norway) 

8,670

8,411

FuelCell

Energy,

Inc.

*

39,756

15,107

FutureFuel

Corp.

2,079

11,954

Geospace

Technologies

Corp.

*

972

10,050

Golar

LNG

Ltd.

(Cameroon) 

7,586

278,861

Granite

Ridge

Resources,

Inc.

3,556

21,123

Green

Plains,

Inc.

*

4,812

65,154

Gulfport

Energy

Corp.

*

475

71,891

Hallador

Energy

Co.

*

2,083

19,643

Helix

Energy

Solutions

Group,

Inc.

*

8,990

99,789

Helmerich

&

Payne,

Inc.

7,467

227,146

HighPeak

Energy,

Inc.

1,157

16,059

Hunting

PLC

(United

Kingdom) 

279,622

1,410,842

Innovex

International,

Inc.

*

2,497

36,656

Kinetik

Holdings,

Inc.

2,660

120,392

Kodiak

Gas

Services,

Inc.

1,094

31,726

Liberty

Energy,

Inc.

11,750

224,307

Magnolia

Oil

&

Gas

Corp.

Class A 

1,078

26,325

Mammoth

Energy

Services,

Inc.

*

2,249

9,198

Matrix

Service

Co.

*

1,924

22,184

Murphy

Oil

Corp.

11,372

383,691

Nabors

Industries

Ltd.

*

491

31,655

NACCO

Industries,

Inc.

Class A 

223

6,322

Natural

Gas

Services

Group,

Inc.

*

614

11,734

Newpark

Resources,

Inc.

*

6,323

43,818

Noble

Corp.

PLC

3,718

134,368

Northern

Oil

&

Gas,

Inc.

7,250

256,722

Oil

States

International,

Inc.

*

4,821

22,177

Par

Pacific

Holdings,

Inc.

*

4,260

74,976

Patterson-UTI

Energy,

Inc.

30,193

230,976

PBF

Energy,

Inc.

Class A 

8,028

248,467

Peabody

Energy

Corp.

9,711

257,730

Plug

Power,

Inc.

*

52,341

118,291

PrimeEnergy

Resources

Corp.

*

39

5,374

ProFrac

Holding

Corp.

Class A *

1,449

9,839

ProPetro

Holding

Corp.

*

6,953

53,260

126

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Ranger

Energy

Services,

Inc.

1,087

$

12,946

REX

American

Resources

Corp.

*

888

41,106

Riley

Exploration

Permian,

Inc.

722

19,126

Ring

Energy,

Inc.

*

11,972

19,155

RPC,

Inc.

6,632

42,180

SandRidge

Energy,

Inc.

2,456

30,037

SEACOR

Marine

Holdings,

Inc.

*

1,677

16,183

Seadrill

Ltd.

*

(Norway) 

3,728

148,151

Select

Water

Solutions,

Inc.

7,089

78,901

Sitio

Royalties

Corp.

Class A 

5,926

123,498

SM

Energy

Co.

7,429

296,937

Solaris

Energy

Infrastructure,

Inc.

1,968

25,112

Stem,

Inc.

*

13,223

4,604

SunCoke

Energy,

Inc.

6,482

56,264

Sunnova

Energy

International,

Inc.

*

8,233

80,189

Sunrun,

Inc.

*

16,781

303,065

Talos

Energy,

Inc.

*

11,319

117,152

TechnipFMC

PLC

(United

Kingdom) 

18,919

496,245

TPI

Composites,

Inc.

*

3,664

16,671

Transocean

Ltd.

*

56,165

238,701

VAALCO

Energy,

Inc.

7,139

40,978

Valaris

Ltd.

*

1,748

97,451

Veren,

Inc.

(Canada) 

630,554

3,883,704

Vital

Energy,

Inc.

*

2,256

60,686

Vitesse

Energy,

Inc.

1,835

44,077

Warrior

Met

Coal,

Inc.

3,983

254,514

13,065,062

Financial

-

34.3%

spacing

1st

Source

Corp.

1,462

87,545

Acadia

Realty

Trust

REIT

8,165

191,714

ACNB

Corp.

623

27,206

AFC

Gamma,

Inc.

REIT

1,313

13,406

AG

Mortgage

Investment

Trust,

Inc.

REIT

2,273

17,070

Alerus

Financial

Corp.

1,328

30,385

Alexander

&

Baldwin,

Inc.

REIT

84,000

1,612,800

Alpine

Income

Property

Trust,

Inc.

REIT

958

17,436

AlTi

Global,

Inc.

*

2,842

10,629

Amalgamated

Financial

Corp.

1,457

45,706

Ambac

Financial

Group,

Inc.

*

3,311

37,116

Amerant

Bancorp,

Inc.

2,258

48,253

American

Assets

Trust,

Inc.

REIT

3,770

100,734

American

Coastal

Insurance

Corp.

Class C *

1,109

12,498

American

Healthcare

REIT,

Inc.

6,367

166,179

American

Realty

Investors,

Inc.

*

134

2,350

Ameris

Bancorp

5,201

324,490

AMERISAFE,

Inc.

807

39,002

Ames

National

Corp.

625

11,394

Angel

Oak

Mortgage

REIT,

Inc.

796

8,302

Anywhere

Real

Estate,

Inc.

*

7,571

38,461

Apartment

Investment

&

Management

Co.

Class A REIT

*

5,920

53,517

Apollo

Commercial

Real

Estate

Finance,

Inc.

REIT

11,475

105,455

Apple

Hospitality

REIT,

Inc.

17,950

266,558

Arbor

Realty

Trust,

Inc.

REIT

10,506

163,473

ARES

Commercial

Real

Estate

Corp.

REIT

4,481

31,367

Armada

Hoffler

Properties,

Inc.

REIT

4,683

50,717

ARMOUR

Residential

REIT,

Inc.

3,794

77,398

Arrow

Financial

Corp.

1,289

36,943

Associated

Banc-Corp.

11,841

255,055

Atlantic

Union

Bankshares

Corp.

43,941

1,655,257

Atlanticus

Holdings

Corp.

*

471

16,523

a

Shares

Value

Axos

Financial,

Inc.

*

3,775

$

237,372

Banc

of

California,

Inc.

10,561

155,564

BancFirst

Corp.

1,356

142,719

Banco

Latinoamericano

de

Comercio

Exterior

SA

(Panama) 

2,229

72,420

Bancorp,

Inc.

*

201

10,754

Bank

First

Corp.

726

65,848

Bank

of

Hawaii

Corp.

3,034

190,444

Bank

of

Marin

Bancorp

1,150

23,104

Bank

of

NT

Butterfield

&

Son

Ltd.

(Bermuda) 

3,646

134,464

Bank7

Corp.

332

12,440

BankUnited,

Inc.

5,833

212,555

Bankwell

Financial

Group,

Inc.

517

15,484

Banner

Corp.

2,664

158,668

Bar

Harbor

Bankshares

1,157

35,682

BayCom

Corp.

914

21,680

BCB

Bancorp,

Inc.

1,172

14,462

Berkshire

Hills

Bancorp,

Inc.

3,240

87,253

BGC

Group,

Inc.

Class A 

24,111

221,339

Bit

Digital,

Inc.

*

9,436

33,120

Blackstone

Mortgage

Trust,

Inc.

Class A REIT

13,593

258,403

Blue

Foundry

Bancorp

*

1,357

13,909

Bowhead

Specialty

Holdings,

Inc.

*

404

11,316

Braemar

Hotels

&

Resorts,

Inc.

REIT

5,022

15,518

Brandywine

Realty

Trust

REIT

13,035

70,910

Bread

Financial

Holdings,

Inc.

26,057

1,239,792

Bridgewater

Bancshares,

Inc.

*

1,636

23,182

BrightSpire

Capital,

Inc.

REIT

10,489

58,738

Broadstone

Net

Lease,

Inc.

REIT

14,674

278,072

Brookfield

Business

Corp.

Class A (Canada) 

2,122

53,750

Brookline

Bancorp,

Inc.

6,676

67,361

BRT

Apartments

Corp.

REIT

829

14,574

Burford

Capital

Ltd.

15,424

204,522

Burke

&

Herbert

Financial

Services

Corp.

1,023

62,393

Business

First

Bancshares,

Inc.

1,873

48,080

Byline

Bancorp,

Inc.

2,502

66,979

Cadence

Bank

13,054

415,770

California

BanCorp

*

1,847

27,317

Camden

National

Corp.

32,970

1,362,320

Cannae

Holdings,

Inc.

4,309

82,130

Capital

Bancorp,

Inc.

736

18,923

Capital

City

Bank

Group,

Inc.

1,057

37,302

Capitol

Federal

Financial,

Inc.

9,109

53,197

CareTrust

REIT,

Inc.

10,149

313,198

Carter

Bankshares,

Inc.

*

1,770

30,780

Cathay

General

Bancorp

5,228

224,543

CBL

&

Associates

Properties,

Inc.

REIT

612

15,422

Centerspace

REIT

1,165

82,098

Central

Pacific

Financial

Corp.

1,675

49,429

Chatham

Lodging

Trust

REIT

3,891

33,151

Chemung

Financial

Corp.

265

12,725

Chicago

Atlantic

Real

Estate

Finance,

Inc.

REIT

1,220

18,922

Chimera

Investment

Corp.

REIT

6,271

99,270

ChoiceOne

Financial

Services,

Inc.

681

21,050

Cipher

Mining,

Inc.

*

4,460

17,260

Citizens

&

Northern

Corp.

1,132

22,289

Citizens

Financial

Services,

Inc.

291

17,096

City

Holding

Co.

1,029

120,794

City

Office

REIT,

Inc.

3,199

18,682

Civista

Bancshares,

Inc.

1,219

21,723

Claros

Mortgage

Trust,

Inc.

REIT

6,730

50,408

127

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Clipper

Realty,

Inc.

REIT

107

$

610

CNB

Financial

Corp.

1,545

37,173

CNO

Financial

Group,

Inc.

116,515

4,089,677

Coastal

Financial

Corp.

*

44

2,376

Colony

Bankcorp,

Inc.

1,369

21,247

Columbia

Banking

System,

Inc.

183,233

4,784,214

Columbia

Financial,

Inc.

*

1,897

32,382

Community

Financial

System,

Inc.

4,036

234,371

Community

Healthcare

Trust,

Inc.

REIT

1,989

36,100

Community

Trust

Bancorp,

Inc.

1,178

58,499

Community

West

Bancshares

1,304

25,115

Compass

Diversified

Holdings

5,264

116,492

ConnectOne

Bancorp,

Inc.

2,814

70,491

Consumer

Portfolio

Services,

Inc.

*

571

5,356

COPT

Defense

Properties

REIT

8,795

266,752

Core

Scientific,

Inc.

*

3,029

35,924

CrossFirst

Bankshares,

Inc.

*

3,588

59,884

CTO

Realty

Growth,

Inc.

REIT

1,796

34,160

Cushman

&

Wakefield

PLC

*

9,645

131,461

Customers

Bancorp,

Inc.

*

2,277

105,767

CVB

Financial

Corp.

10,202

181,800

Diamond

Hill

Investment

Group,

Inc.

30

4,848

DiamondRock

Hospitality

Co.

REIT

16,578

144,726

Dime

Community

Bancshares,

Inc.

2,679

77,155

Diversified

Healthcare

Trust

REIT

17,251

72,282

Donegal

Group,

Inc.

Class A 

1,192

17,570

Douglas

Emmett,

Inc.

REIT

10,483

184,186

Dynex

Capital,

Inc.

REIT

5,674

72,400

Eagle

Bancorp,

Inc.

2,335

52,724

Easterly

Government

Properties,

Inc.

REIT

7,401

100,506

Eastern

Bankshares,

Inc.

14,791

242,424

Ellington

Financial,

Inc.

REIT

6,492

83,682

Elme

Communities

REIT

6,736

118,486

Empire

State

Realty

Trust,

Inc.

Class A REIT

10,629

117,769

Employers

Holdings,

Inc.

1,868

89,608

Enact

Holdings,

Inc.

2,414

87,701

Encore

Capital

Group,

Inc.

*

1,864

88,111

Enova

International,

Inc.

*

1,996

167,245

Enstar

Group

Ltd.

*

990

318,374

Enterprise

Bancorp,

Inc.

817

26,111

Enterprise

Financial

Services

Corp.

2,856

146,399

Equity

Bancshares,

Inc.

Class A 

1,147

46,889

Equity

Commonwealth

REIT

*

8,105

161,290

Esquire

Financial

Holdings,

Inc.

54

3,521

ESSA

Bancorp,

Inc.

632

12,147

Essent

Group

Ltd.

8,093

520,299

Essential

Properties

Realty

Trust,

Inc.

REIT

13,755

469,733

F&G

Annuities

&

Life,

Inc.

1,026

45,883

Farmers

&

Merchants

Bancorp,

Inc.

983

27,180

Farmers

National

Banc

Corp.

2,741

41,444

Farmland

Partners,

Inc.

REIT

3,385

35,373

FB

Financial

Corp.

2,768

129,902

Federal

Agricultural

Mortgage

Corp.

Class C 

101

18,928

Fidelis

Insurance

Holdings

Ltd.

(United

Kingdom) 

4,104

74,118

Fidelity

D&D

Bancorp,

Inc.

346

17,072

Financial

Institutions,

Inc.

1,217

30,997

First

BanCorp

11,105

235,093

First

Bancorp,

Inc.

759

19,977

First

Bancorp/Southern

Pines

NC

48,392

2,012,623

First

Bancshares,

Inc.

2,339

75,152

First

Bank

1,679

25,521

First

Busey

Corp.

4,199

109,258

a

Shares

Value

First

Business

Financial

Services,

Inc.

635

$

28,950

First

Commonwealth

Financial

Corp.

105,075

1,802,036

First

Community

Bankshares,

Inc.

1,315

56,742

First

Financial

Bancorp

7,467

188,392

First

Financial

Corp.

895

39,246

First

Financial

Northwest,

Inc.

561

12,634

First

Foundation,

Inc.

3,406

21,253

First

Internet

Bancorp

420

14,389

First

Interstate

BancSystem,

Inc.

Class A 

140,041

4,296,458

First

Merchants

Corp.

4,630

172,236

First

Mid

Bancshares,

Inc.

1,765

68,676

First

of

Long

Island

Corp.

1,533

19,730

First

Western

Financial,

Inc.

*

383

7,660

Five

Star

Bancorp

1,276

37,935

Flushing

Financial

Corp.

2,121

30,924

Forge

Global

Holdings,

Inc.

*

8,206

10,750

Four

Corners

Property

Trust,

Inc.

REIT

7,066

207,104

Franklin

BSP

Realty

Trust,

Inc.

REIT

6,359

83,049

Franklin

Street

Properties

Corp.

REIT

7,721

13,666

FRP

Holdings,

Inc.

*

959

28,636

FS

Bancorp,

Inc.

558

24,825

FTAI

Infrastructure,

Inc.

7,785

72,868

Fulton

Financial

Corp.

13,696

248,308

FVCBankcorp,

Inc.

*

1,191

15,543

GCM

Grosvenor,

Inc.

Class A 

581

6,577

Genworth

Financial,

Inc.

*

33,238

227,680

German

American

Bancorp,

Inc.

47,644

1,846,205

Getty

Realty

Corp.

REIT

3,796

120,751

Glacier

Bancorp,

Inc.

8,810

402,617

Gladstone

Commercial

Corp.

REIT

2,735

44,416

Gladstone

Land

Corp.

REIT

2,508

34,861

Global

Medical

REIT,

Inc.

4,706

46,636

Global

Net

Lease,

Inc.

REIT

15,429

129,912

GoHealth,

Inc.

Class A *

500

4,690

Granite

Point

Mortgage

Trust,

Inc.

REIT

4,000

12,680

Great

Southern

Bancorp,

Inc.

646

37,022

Greenlight

Capital

Re

Ltd.

Class A *

2,271

30,999

Guaranty

Bancshares,

Inc.

609

20,937

HA

Sustainable

Infrastructure

Capital,

Inc.

8,666

298,717

Hamilton

Insurance

Group

Ltd.

Class B *

(Bermuda) 

3,115

60,244

Hancock

Whitney

Corp.

6,825

349,235

Hanmi

Financial

Corp.

2,366

44,008

Hanover

Insurance

Group,

Inc.

24,134

3,574,487

HarborOne

Bancorp,

Inc.

3,033

39,368

HBT

Financial,

Inc.

1,050

22,974

Heartland

Financial

USA,

Inc.

3,284

186,203

Heritage

Commerce

Corp.

4,576

45,211

Heritage

Financial

Corp.

2,710

58,997

Heritage

Insurance

Holdings,

Inc.

*

1,724

21,102

Highwoods

Properties,

Inc.

REIT

38,278

1,282,696

Hilltop

Holdings,

Inc.

3,654

117,513

Hingham

Institution

For

Savings

117

28,467

Hippo

Holdings,

Inc.

*

1,503

25,371

Home

Bancorp,

Inc.

586

26,124

Home

BancShares,

Inc.

14,936

404,616

HomeStreet,

Inc.

1,528

24,081

HomeTrust

Bancshares,

Inc.

1,215

41,407

Hope

Bancorp,

Inc.

9,168

115,150

Horace

Mann

Educators

Corp.

77,998

2,726,030

Horizon

Bancorp,

Inc.

3,367

52,357

Hudson

Pacific

Properties,

Inc.

REIT

10,579

50,568

Hut

8

Corp.

*

(Canada) 

6,144

75,325

Independence

Realty

Trust,

Inc.

REIT

17,534

359,447

128

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Independent

Bank

Corp.

(IBCP

US)

1,629

$

54,327

Independent

Bank

Corp.

(INDB

US)

3,283

194,124

Independent

Bank

Group,

Inc.

2,787

160,698

Industrial

Logistics

Properties

Trust

REIT

4,826

22,972

Innovative

Industrial

Properties,

Inc.

REIT

2,192

295,043

International

Bancshares

Corp.

4,236

253,270

InvenTrust

Properties

Corp.

REIT

5,312

150,701

Invesco

Mortgage

Capital,

Inc.

REIT

3,791

35,597

Investar

Holding

Corp.

711

13,793

Investors

Title

Co.

96

22,061

Jackson

Financial,

Inc.

Class A 

4,627

422,121

James

River

Group

Holdings

Ltd.

2,573

16,133

JBG

SMITH

Properties

REIT

5,334

93,238

John

Marshall

Bancorp,

Inc.

1,009

19,958

Kearny

Financial

Corp.

3,956

27,178

Kennedy-Wilson

Holdings,

Inc.

8,653

95,616

Kite

Realty

Group

Trust

REIT

71,551

1,900,395

KKR

Real

Estate

Finance

Trust,

Inc.

REIT

3,181

39,285

Ladder

Capital

Corp.

REIT

9,708

112,613

Lakeland

Financial

Corp.

1,787

116,369

LCNB

Corp.

947

14,271

Legacy

Housing

Corp.

*

707

19,336

Lemonade,

Inc.

*

759

12,516

LendingClub

Corp.

*

8,587

98,149

LendingTree,

Inc.

*

60

3,482

LINKBANCORP,

Inc.

1,711

10,968

Live

Oak

Bancshares,

Inc.

371

17,574

LTC

Properties,

Inc.

REIT

3,310

121,444

LXP

Industrial

Trust

REIT

22,481

225,934

Macerich

Co.

REIT

16,795

306,341

Maiden

Holdings

Ltd.

*

7,232

12,801

MARA

Holdings,

Inc.

*

3,812

61,831

Marcus

&

Millichap,

Inc.

1,817

72,008

Maui

Land

&

Pineapple

Co.,

Inc.

*

134

3,008

MBIA,

Inc.

*

3,528

12,595

McGrath

RentCorp

28,677

3,019,115

Medallion

Financial

Corp.

1,545

12,576

Mercantile

Bank

Corp.

1,241

54,257

Merchants

Bancorp

1,420

63,843

Mercury

General

Corp.

1,854

116,765

Metrocity

Bankshares,

Inc.

1,392

42,623

Metropolitan

Bank

Holding

Corp.

*

800

42,064

MFA

Financial,

Inc.

REIT

8,064

102,574

Mid

Penn

Bancorp,

Inc.

1,141

34,036

Middlefield

Banc

Corp.

593

17,078

Midland

States

Bancorp,

Inc.

1,662

37,196

MidWestOne

Financial

Group,

Inc.

1,143

32,610

Mr.

Cooper

Group,

Inc.

*

3,202

295,160

MVB

Financial

Corp.

815

15,778

National

Bank

Holdings

Corp.

Class A 

2,890

121,669

National

Bankshares,

Inc.

366

10,943

National

Health

Investors,

Inc.

REIT

3,260

274,036

Navient

Corp.

6,462

100,743

NB

Bancorp,

Inc.

*

3,045

56,515

NBT

Bancorp,

Inc.

3,565

157,680

Nelnet,

Inc.

Class A 

1,129

127,893

NET

Lease

Office

Properties

REIT

1,203

36,836

NETSTREIT

Corp.

REIT

4,639

76,683

New

York

Community

Bancorp,

Inc.

19,449

218,412

New

York

Mortgage

Trust,

Inc.

REIT

6,885

43,582

Newmark

Group,

Inc.

Class A 

10,467

162,553

NewtekOne,

Inc.

1,846

23,001

NexPoint

Diversified

Real

Estate

Trust

REIT

2,309

14,431

Nexpoint

Real

Estate

Finance,

Inc.

REIT

599

9,362

a

Shares

Value

NexPoint

Residential

Trust,

Inc.

REIT

1,780

$

78,338

NI

Holdings,

Inc.

*

631

9,894

Nicolet

Bankshares,

Inc.

774

74,018

NMI

Holdings,

Inc.

*

5,693

234,495

Northeast

Bank

547

42,190

Northeast

Community

Bancorp,

Inc.

1,070

28,302

Northfield

Bancorp,

Inc.

2,983

34,603

Northrim

BanCorp,

Inc.

460

32,761

Northwest

Bancshares,

Inc.

10,076

134,817

Norwood

Financial

Corp.

523

14,424

Oak

Valley

Bancorp

542

14,401

OceanFirst

Financial

Corp.

4,412

82,019

Offerpad

Solutions,

Inc.

*

710

2,883

OFG

Bancorp

3,576

160,634

Old

National

Bancorp

24,819

463,123

Old

Second

Bancorp,

Inc.

3,389

52,835

One

Liberty

Properties,

Inc.

REIT

1,297

35,719

Onity

Group,

Inc.

*

531

16,960

Orange

County

Bancorp,

Inc.

416

25,093

Orchid

Island

Capital,

Inc.

REIT

5,427

44,610

Origin

Bancorp,

Inc.

2,242

72,103

Orion

Office

REIT,

Inc.

4,132

16,528

Orrstown

Financial

Services,

Inc.

1,420

51,063

Outfront

Media,

Inc.

REIT

6,978

128,256

Pacific

Premier

Bancorp,

Inc.

7,455

187,568

Pagseguro

Digital

Ltd.

Class A *

(Brazil) 

7,087

61,019

Paramount

Group,

Inc.

REIT

14,505

71,365

Park

National

Corp.

1,119

187,970

Parke

Bancorp,

Inc.

881

18,413

Pathward

Financial,

Inc.

1,407

92,876

PCB

Bancorp

910

17,099

Peakstone

Realty

Trust

REIT

2,799

38,150

Peapack-Gladstone

Financial

Corp.

1,295

35,496

Pebblebrook

Hotel

Trust

REIT

9,199

121,703

PennyMac

Financial

Services,

Inc.

957

109,069

PennyMac

Mortgage

Investment

Trust

REIT

7,034

100,305

Peoples

Bancorp

of

North

Carolina,

Inc.

357

9,064

Peoples

Bancorp,

Inc.

46,451

1,397,711

Peoples

Financial

Services

Corp.

534

25,034

Phillips

Edison

&

Co.,

Inc.

REIT

8,084

304,848

Piedmont

Office

Realty

Trust,

Inc.

Class A REIT

9,775

98,728

Pioneer

Bancorp,

Inc.

*

824

9,039

Plumas

Bancorp

449

18,310

Plymouth

Industrial

REIT,

Inc.

3,156

71,326

Ponce

Financial

Group,

Inc.

*

1,407

16,448

Postal

Realty

Trust,

Inc.

Class A REIT

680

9,955

PotlatchDeltic

Corp.

REIT

6,139

276,562

PRA

Group,

Inc.

*

3,002

67,125

Preferred

Bank

720

57,780

Premier

Financial

Corp.

2,787

65,439

Primis

Financial

Corp.

1,761

21,449

Princeton

Bancorp,

Inc.

418

15,458

ProAssurance

Corp.

*

3,939

59,243

Provident

Bancorp,

Inc.

*

1,098

11,847

Provident

Financial

Services,

Inc.

7,768

144,174

QCR

Holdings,

Inc.

1,307

96,757

Radian

Group,

Inc.

8,828

306,243

RBB

Bancorp

1,394

32,090

RE/MAX

Holdings,

Inc.

Class A *

1,377

17,144

Ready

Capital

Corp.

REIT

13,073

99,747

Red

River

Bancshares,

Inc.

333

17,316

Redwood

Trust,

Inc.

REIT

10,361

80,091

Regional

Management

Corp.

641

20,967

129

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Renasant

Corp.

4,409

$

143,293

Republic

Bancorp,

Inc.

Class A 

643

41,988

Retail

Opportunity

Investments

Corp.

REIT

9,553

150,269

Riot

Platforms,

Inc.

*

19,050

141,351

RLJ

Lodging

Trust

REIT

12,076

110,858

RMR

Group,

Inc.

Class A 

1,300

32,994

Roadzen,

Inc.

*

1,699

2,022

S&T

Bancorp,

Inc.

3,013

126,456

Sabra

Health

Care

REIT,

Inc.

17,937

333,808

Safehold,

Inc.

REIT

4,049

106,205

Safety

Insurance

Group,

Inc.

1,119

91,512

Sandy

Spring

Bancorp,

Inc.

50,177

1,574,053

Saul

Centers,

Inc.

REIT

61

2,560

Seacoast

Banking

Corp.

of

Florida

83,408

2,222,823

Selective

Insurance

Group,

Inc.

739

68,949

Selectquote,

Inc.

*

10,840

23,523

Service

Properties

Trust

REIT

12,835

58,528

ServisFirst

Bancshares,

Inc.

2,807

225,823

Seven

Hills

Realty

Trust

REIT

1,233

16,978

Shore

Bancshares,

Inc.

1,862

26,049

Sierra

Bancorp

1,064

30,728

Silvercrest

Asset

Management

Group,

Inc.

Class A 

760

13,102

Simmons

First

National

Corp.

Class A 

9,637

207,581

SiriusPoint

Ltd.

*

(Sweden) 

7,203

103,291

SITE

Centers

Corp.

REIT

3,788

229,174

Skyward

Specialty

Insurance

Group,

Inc.

*

2,195

89,402

SL

Green

Realty

Corp.

REIT

5,061

352,296

SmartFinancial,

Inc.

1,183

34,473

South

Plains

Financial,

Inc.

890

30,189

Southern

First

Bancshares,

Inc.

*

595

20,278

Southern

Missouri

Bancorp,

Inc.

723

40,842

Southern

States

Bancshares,

Inc.

674

20,712

Southside

Bancshares,

Inc.

2,200

73,546

SouthState

Corp.

53,616

5,210,403

STAG

Industrial,

Inc.

REIT

8,261

322,922

Star

Holdings

*

999

13,826

Stellar

Bancorp,

Inc.

3,722

96,363

Sterling

Bancorp,

Inc.

*

1,725

7,849

Stewart

Information

Services

Corp.

2,085

155,833

Stock

Yards

Bancorp,

Inc.

1,941

120,323

StoneX

Group,

Inc.

*

1,958

160,321

Stratus

Properties,

Inc.

*

448

11,644

Summit

Hotel

Properties,

Inc.

REIT

7,972

54,688

Sunrise

Realty

Trust,

Inc.

REIT

437

6,288

Sunstone

Hotel

Investors,

Inc.

REIT

33,126

341,860

SWK

Holdings

Corp.

*

350

6,052

Tanger,

Inc.

REIT

5,128

170,147

Terawulf,

Inc.

*

1,516

7,095

Terreno

Realty

Corp.

REIT

7,363

492,069

Texas

Capital

Bancshares,

Inc.

*

3,568

254,969

Third

Coast

Bancshares,

Inc.

*

916

24,521

Timberland

Bancorp,

Inc.

587

17,763

Tiptree,

Inc.

1,631

31,919

Tompkins

Financial

Corp.

962

55,594

Towne

Bank

5,500

181,830

TPG

RE

Finance

Trust,

Inc.

REIT

4,778

40,756

Transcontinental

Realty

Investors,

Inc.

REIT

*

96

2,764

TriCo

Bancshares

46,071

1,964,928

Triumph

Financial,

Inc.

*

165

13,124

TrustCo

Bank

Corp.

1,378

45,570

Trustmark

Corp.

4,795

152,577

TWFG,

Inc.

*

270

7,322

a

Shares

Value

Two

Harbors

Investment

Corp.

REIT

8,064

$

111,928

UMB

Financial

Corp.

3,538

371,879

UMH

Properties,

Inc.

REIT

4,311

84,797

United

Bankshares,

Inc.

10,362

384,430

United

Community

Banks,

Inc.

9,301

270,473

United

Fire

Group,

Inc.

1,640

34,325

Uniti

Group,

Inc.

REIT

18,400

103,776

Unity

Bancorp,

Inc.

614

20,913

Universal

Health

Realty

Income

Trust

REIT

141

6,451

Universal

Insurance

Holdings,

Inc.

1,670

37,007

Univest

Financial

Corp.

2,309

64,975

Urban

Edge

Properties

REIT

9,719

207,889

USCB

Financial

Holdings,

Inc.

586

8,937

Valley

National

Bancorp

33,408

302,676

Velocity

Financial,

Inc.

*

741

14,531

Veris

Residential,

Inc.

REIT

5,994

107,053

Veritex

Holdings,

Inc.

4,153

109,307

Victory

Capital

Holdings,

Inc.

Class A 

49,058

2,717,813

Virginia

National

Bankshares

Corp.

327

13,620

Virtus

Investment

Partners,

Inc.

112

23,458

WaFd,

Inc.

5,226

182,126

Walker

&

Dunlop,

Inc.

702

79,740

Washington

Trust

Bancorp,

Inc.

1,228

39,554

Waterstone

Financial,

Inc.

1,173

17,243

WesBanco,

Inc.

4,468

133,057

West

BanCorp,

Inc.

1,131

21,500

Westamerica

BanCorp

1,971

97,407

Whitestone

REIT

3,986

53,931

World

Acceptance

Corp.

*

31

3,657

WSFS

Financial

Corp.

78,304

3,992,721

Xenia

Hotels

&

Resorts,

Inc.

REIT

7,995

118,086

93,256,855

Industrial

-

21.8%

spacing

908

Devices,

Inc.

*

1,714

5,948

AAR

Corp.

*

2,118

138,432

AerSale

Corp.

*

2,386

12,049

Air

Transport

Services

Group,

Inc.

*

3,950

63,951

Albany

International

Corp.

Class A 

1,756

156,021

Allient,

Inc.

941

17,870

American

Woodmark

Corp.

*

3,574

333,990

AMMO,

Inc.

*

6,700

9,581

Apogee

Enterprises,

Inc.

1,152

80,657

Applied

Optoelectronics,

Inc.

*

2,815

40,283

Archer

Aviation,

Inc.

Class A *

1,365

4,136

Arcosa,

Inc.

3,731

353,550

Ardmore

Shipping

Corp.

(Ireland) 

3,186

57,667

Arq,

Inc.

*

1,815

10,654

Aspen

Aerogels,

Inc.

*

3,477

96,278

Astec

Industries,

Inc.

1,724

55,065

Astronics

Corp.

*

2,289

44,590

AZZ,

Inc.

397

32,796

Barnes

Group,

Inc.

3,551

143,496

Bel

Fuse,

Inc.

Class A 

140

13,920

Bel

Fuse,

Inc.

Class B 

782

61,395

Belden,

Inc.

1,463

171,361

Benchmark

Electronics,

Inc.

44,576

1,975,608

Bloom

Energy

Corp.

Class A *

1,405

14,837

Boise

Cascade

Co.

1,607

226,555

Bridger

Aerospace

Group

Holdings,

Inc.

*

1,163

2,582

Caesarstone

Ltd.

*

1,434

6,539

ChargePoint

Holdings,

Inc.

*

13,557

18,573

Chart

Industries,

Inc.

*

27,659

3,433,588

Clearwater

Paper

Corp.

*

1,252

35,732

130

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Coherent

Corp.

*

11,796

$

1,048,782

Columbus

McKinnon

Corp.

12,454

448,344

Concrete

Pumping

Holdings,

Inc.

*

2,057

11,910

Core

Molding

Technologies,

Inc.

*

678

11,668

Costamare,

Inc.

(Monaco) 

3,129

49,188

Covenant

Logistics

Group,

Inc.

496

26,209

CryoPort,

Inc.

*

426

3,455

CTS

Corp.

474

22,932

DHT

Holdings,

Inc.

10,277

113,355

Dorian

LPG

Ltd.

1,436

49,427

Ducommun,

Inc.

*

1,076

70,833

DXP

Enterprises,

Inc.

*

897

47,864

Eastern

Co.

406

13,175

Eastman

Kodak

Co.

*

4,960

23,411

EnerSys

257

26,227

Enpro,

Inc.

1,440

233,539

Enviri

Corp.

*

6,098

63,053

ESCO

Technologies,

Inc.

995

128,335

FARO

Technologies,

Inc.

*

1,432

27,409

FLEX

LNG

Ltd.

(Norway) 

833

21,192

Fluor

Corp.

*

1,151

54,914

Forward

Air

Corp.

1,887

66,800

Gates

Industrial

Corp.

PLC

*

89,613

1,572,708

GATX

Corp.

2,741

363,045

Genco

Shipping

&

Trading

Ltd.

3,299

64,331

Gencor

Industries,

Inc.

*

679

14,164

Gibraltar

Industries,

Inc.

*

1,207

84,406

Golden

Ocean

Group

Ltd.

(Norway) 

9,389

125,625

GoPro,

Inc.

Class A *

9,656

13,132

GrafTech

International

Ltd.

*

1,555

2,053

Granite

Construction,

Inc.

615

48,757

Great

Lakes

Dredge

&

Dock

Corp.

*

4,941

52,029

Greenbrier

Cos.,

Inc.

2,360

120,100

Greif,

Inc.

Class A 

1,926

120,683

Greif,

Inc.

Class B 

388

27,094

Heartland

Express,

Inc.

2,066

25,370

Helios

Technologies,

Inc.

812

38,732

Hillenbrand,

Inc.

3,527

98,051

Hillman

Solutions

Corp.

*

12,435

131,314

Hub

Group,

Inc.

Class A 

4,673

212,388

Hyster-Yale,

Inc.

330

21,044

Ichor

Holdings

Ltd.

*

1,683

53,536

Insteel

Industries,

Inc.

742

23,069

International

Seaways,

Inc.

3,104

160,042

Intuitive

Machines,

Inc.

*

2,197

17,686

Iteris,

Inc.

*

427

3,049

Itron,

Inc.

*

353

37,704

JELD-WEN

Holding,

Inc.

*

4,325

68,378

John

Bean

Technologies

Corp.

2,244

221,056

John

Wood

Group

PLC

*

(United

Kingdom) 

825,637

1,402,442

Kennametal,

Inc.

5,968

154,750

Kimball

Electronics,

Inc.

*

1,941

35,928

Knight-Swift

Transportation

Holdings,

Inc.

35,100

1,893,645

Knowles

Corp.

*

249,869

4,505,138

Kratos

Defense

&

Security

Solutions,

Inc.

*

6,326

147,396

L.B.

Foster

Co.

Class A *

709

14,485

Latham

Group,

Inc.

*

3,307

22,488

Lindsay

Corp.

394

49,108

Louisiana-Pacific

Corp.

9,522

1,023,234

LSB

Industries,

Inc.

*

4,042

32,498

LSI

Industries,

Inc.

600

9,690

Luxfer

Holdings

PLC

(United

Kingdom) 

1,973

25,550

Manitowoc

Co.,

Inc.

*

2,564

24,666

Marten

Transport

Ltd.

3,263

57,755

a

Shares

Value

Masterbrand,

Inc.

*

9,803

$

181,748

Materion

Corp.

88

9,844

Matson,

Inc.

2,631

375,233

Mayville

Engineering

Co.,

Inc.

*

890

18,761

Melrose

Industries

PLC

(United

Kingdom) 

273,638

1,672,356

Mercury

Systems,

Inc.

*

4,186

154,882

Mesa

Laboratories,

Inc.

255

33,114

Metallus,

Inc.

*

3,253

48,242

MicroVision,

Inc.

*

7,486

8,534

Mirion

Technologies,

Inc.

*

13,391

148,238

Mistras

Group,

Inc.

*

1,599

18,181

Mueller

Industries,

Inc.

704

52,166

Mueller

Water

Products,

Inc.

Class A 

222,415

4,826,406

NANO

Nuclear

Energy,

Inc.

*

245

3,530

National

Presto

Industries,

Inc.

366

27,501

Net

Power,

Inc.

*

1,505

10,550

NEXTracker,

Inc.

Class A *

2,845

106,631

NL

Industries,

Inc.

437

3,247

nLight,

Inc.

*

3,385

36,186

NN,

Inc.

*

3,756

14,648

Nordic

American

Tankers

Ltd.

15,596

57,237

Northwest

Pipe

Co.

*

627

28,297

NV5

Global,

Inc.

*

867

81,047

O-I

Glass,

Inc.

*

11,953

156,823

Olympic

Steel,

Inc.

760

29,640

Orion

Group

Holdings,

Inc.

*

2,217

12,792

OSI

Systems,

Inc.

*

63

9,565

Pactiv

Evergreen,

Inc.

2,664

30,663

PAM

Transportation

Services,

Inc.

*

364

6,734

Pangaea

Logistics

Solutions

Ltd.

2,603

18,820

Park

Aerospace

Corp.

675

8,795

Park-Ohio

Holdings

Corp.

749

22,994

Plexus

Corp.

*

1,468

200,690

Primoris

Services

Corp.

55,667

3,233,139

Proficient

Auto

Logistics,

Inc.

*

777

11,018

Proto

Labs,

Inc.

*

1,984

58,270

Pure

Cycle

Corp.

*

1,309

14,098

PureCycle

Technologies,

Inc.

*

7,511

71,355

QinetiQ

Group

PLC

(United

Kingdom) 

806,593

4,860,662

Radiant

Logistics,

Inc.

*

2,782

17,888

Ranpak

Holdings

Corp.

*

3,317

21,660

Redwire

Corp.

*

1,404

9,645

Regal

Rexnord

Corp.

25,566

4,240,888

RXO,

Inc.

*

19,772

553,616

Ryerson

Holding

Corp.

26,883

535,241

Safe

Bulkers,

Inc.

(Monaco) 

5,039

26,102

Sanmina

Corp.

*

38,155

2,611,710

Scorpio

Tankers,

Inc.

(Monaco) 

3,617

257,892

Senior

PLC

(United

Kingdom) 

840,264

1,716,542

SFL

Corp.

Ltd.

(Norway) 

7,097

82,112

SmartRent,

Inc.

*

15,092

26,109

Smith

&

Wesson

Brands,

Inc.

3,320

43,094

Southland

Holdings,

Inc.

*

349

1,291

Standard

BioTools,

Inc.

*

17,559

33,889

Standex

International

Corp.

211

38,567

Stoneridge,

Inc.

*

1,929

21,586

Sturm

Ruger

&

Co.,

Inc.

842

35,095

Summit

Materials,

Inc.

Class A *

9,396

366,726

Teekay

Corp.

*

(Bermuda) 

4,394

40,425

Teekay

Tankers

Ltd.

Class A (Canada) 

1,852

107,879

Tennant

Co.

801

76,928

Terex

Corp.

5,123

271,058

Thermon

Group

Holdings,

Inc.

*

2,226

66,424

Timken

Co.

843

71,056

131

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Tredegar

Corp.

*

1,771

$

12,911

TriMas

Corp.

2,995

76,462

Trinity

Industries,

Inc.

516

17,977

Triumph

Group,

Inc.

*

5,658

72,932

TTM

Technologies,

Inc.

*

7,759

141,602

Turtle

Beach

Corp.

*

602

9,235

Tutor

Perini

Corp.

*

3,365

91,393

Twin

Disc,

Inc.

756

9,442

UFP

Industries,

Inc.

31,096

4,080,106

Ultralife

Corp.

*

675

6,102

Universal

Logistics

Holdings,

Inc.

373

16,080

Valmont

Industries,

Inc.

10,434

3,025,338

Vicor

Corp.

*

783

32,964

Virgin

Galactic

Holdings,

Inc.

*

1,113

6,789

Vishay

Intertechnology,

Inc.

9,703

183,484

Werner

Enterprises,

Inc.

4,047

156,174

Willis

Lease

Finance

Corp.

220

32,738

World

Kinect

Corp.

3,995

123,485

Worthington

Enterprises,

Inc.

272

11,274

Worthington

Steel,

Inc.

2,505

85,195

Zurn

Elkay

Water

Solutions

Corp.

545

19,587

59,445,375

Technology

-

4.0%

spacing

3D

Systems

Corp.

*

10,040

28,514

ACI

Worldwide,

Inc.

*

97,726

4,974,253

ACM

Research,

Inc.

Class A *

1,290

26,187

Adeia,

Inc.

1,519

18,091

Alpha

&

Omega

Semiconductor

Ltd.

*

1,777

65,962

Ambarella,

Inc.

*

1,358

76,598

American

Software,

Inc.

Class A 

2,282

25,536

ASGN,

Inc.

*

2,729

254,425

Asure

Software,

Inc.

*

1,990

18,010

Bandwidth,

Inc.

Class A *

285

4,990

BigBear.ai

Holdings,

Inc.

*

2,121

3,097

Cantaloupe,

Inc.

*

258

1,909

Cerence,

Inc.

*

3,343

10,530

CEVA,

Inc.

*

179

4,323

Cohu,

Inc.

*

84,774

2,178,692

CommVault

Systems,

Inc.

*

239

36,770

Conduent,

Inc.

*

12,613

50,830

Consensus

Cloud

Solutions,

Inc.

*

1,336

31,463

Corsair

Gaming,

Inc.

*

3,057

21,277

Cricut,

Inc.

Class A 

785

5,440

CS

Disco,

Inc.

*

1,063

6,250

D-Wave

Quantum,

Inc.

*

(Canada) 

3,272

3,216

Daily

Journal

Corp.

*

30

14,703

Definitive

Healthcare

Corp.

*

4,429

19,798

Diebold

Nixdorf,

Inc.

*

1,984

88,605

Digi

International,

Inc.

*

2,777

76,451

Digimarc

Corp.

*

115

3,091

Digital

Turbine,

Inc.

*

7,130

21,889

Diodes,

Inc.

*

3,112

199,448

Donnelley

Financial

Solutions,

Inc.

*

730

48,056

E2open

Parent

Holdings,

Inc.

*

15,624

68,902

EverCommerce,

Inc.

*

535

5,543

Everspin

Technologies,

Inc.

*

571

3,369

Fastly,

Inc.

Class A *

2,194

16,609

Grid

Dynamics

Holdings,

Inc.

*

1,050

14,700

Health

Catalyst,

Inc.

*

4,009

32,633

I3

Verticals,

Inc.

Class A *

1,614

34,394

IBEX

Holdings

Ltd.

*

776

15,504

Immersion

Corp.

2,360

21,051

Instructure

Holdings,

Inc.

*

731

17,215

a

Shares

Value

Integral

Ad

Science

Holding

Corp.

*

4,842

$

52,342

Life360,

Inc.

*

109

4,289

Lumentum

Holdings,

Inc.

*

12,820

812,532

MaxLinear,

Inc.

*

371

5,372

Meridianlink,

Inc.

*

895

18,410

Navitas

Semiconductor

Corp.

*

8,498

20,820

NCR

Voyix

Corp.

*

1,218

16,528

NetScout

Systems,

Inc.

*

5,313

115,558

Olo,

Inc.

Class A *

3,902

19,354

ON24,

Inc.

*

2,387

14,608

OneSpan,

Inc.

*

318

5,301

Ouster,

Inc.

*

2,882

18,157

Outbrain,

Inc.

*

3,126

15,192

Pagaya

Technologies

Ltd.

Class A *

3,593

37,978

PAR

Technology

Corp.

*

150

7,812

Photronics,

Inc.

*

3,085

76,385

Pitney

Bowes,

Inc.

5,489

39,137

Planet

Labs

PBC

*

16,310

36,371

Playstudios,

Inc.

*

6,715

10,140

PowerSchool

Holdings,

Inc.

Class A *

497

11,337

Rackspace

Technology,

Inc.

*

5,895

14,443

Richardson

Electronics

Ltd.

874

10,785

Rigetti

Computing,

Inc.

*

10,703

8,382

Rimini

Street,

Inc.

*

3,659

6,769

Silvaco

Group,

Inc.

*

203

2,903

SMART

Global

Holdings,

Inc.

*

3,952

82,794

SolarWinds

Corp.

4,229

55,188

Synaptics,

Inc.

*

2,777

215,440

Telos

Corp.

*

4,664

16,744

Thoughtworks

Holding,

Inc.

*

7,526

33,265

TTEC

Holdings,

Inc.

1,907

11,194

Unisys

Corp.

*

5,152

29,263

V2X,

Inc.

*

948

52,955

Veeco

Instruments,

Inc.

*

655

21,700

Verint

Systems,

Inc.

*

4,732

119,862

Vimeo,

Inc.

*

11,699

59,080

Vishay

Precision

Group,

Inc.

*

899

23,284

Waystar

Holding

Corp.

*

1,169

32,603

Xerox

Holdings

Corp.

8,863

91,998

10,774,599

Utilities

-

2.9%

spacing

ALLETE,

Inc.

4,522

290,267

Altus

Power,

Inc.

*

5,720

18,190

Ameresco,

Inc.

Class A *

1,616

61,311

American

States

Water

Co.

1,212

100,947

Avista

Corp.

5,997

232,384

Black

Hills

Corp.

26,529

1,621,453

Brookfield

Infrastructure

Corp.

Class A (Canada) 

9,239

401,250

California

Water

Service

Group

3,218

174,480

Chesapeake

Utilities

Corp.

1,678

208,357

Consolidated

Water

Co.

Ltd.

(Cayman) 

885

22,311

Genie

Energy

Ltd.

Class B 

529

8,596

Hawaiian

Electric

Industries,

Inc.

12,715

123,081

IDACORP,

Inc.

12,136

1,251,100

MGE

Energy,

Inc.

1,597

146,046

Middlesex

Water

Co.

1,143

74,569

New

Jersey

Resources

Corp.

7,584

357,965

Northwest

Natural

Holding

Co.

2,823

115,235

Northwestern

Energy

Group,

Inc.

4,719

270,021

ONE

Gas,

Inc.

4,335

322,611

Ormat

Technologies,

Inc.

4,152

319,455

Otter

Tail

Corp.

1,764

137,874

132

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$3,920

or less

than

0.1%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

(b)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

a

Shares

Value

Portland

General

Electric

Co.

7,943

$

380,470

RGC

Resources,

Inc.

617

13,926

SJW

Group

2,477

143,938

Southwest

Gas

Holdings,

Inc.

4,718

348,000

Spire,

Inc.

4,393

295,605

TXNM

Energy,

Inc.

6,911

302,494

Unitil

Corp.

1,217

73,726

York

Water

Co.

855

32,028

7,847,690

Total

Common

Stocks

    (Cost

$245,321,008)

267,945,735

Principal

Amount

SHORT-TERM

INVESTMENTS

-

1.5%

Repurchase

Agreements

-

0.4%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$960,222;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$979,397)

$

960,103

960,103

a

U.S.

Government

Agency

Issues

-

1.1%

Federal

Home

Loan

Banks

4.831%

due

10/01/24 

3,095,000

3,094,601

Total

Short-Term

Investments

(Cost

$4,055,103)

4,054,704

TOTAL

INVESTMENTS

-

100.0%

(Cost

$249,378,567)

272,005,452

DERIVATIVES

-

0.0%

8,098

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

86,648

)

NET

ASSETS

-

100.0%

$

271,926,902

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CME

Micro

E-Mini

Russell

2000

Index

12/24

107

$

1,195,224

$

1,203,322

$

8,098

a

133

PACIFIC

SELECT

FUND

SMALL-CAP

EQUITY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(c)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Rights

$

4,503

$

–

$

583

$

3,920

Warrants

510

–

510

–

Common

Stocks

Basic

Materials

12,847,264

12,847,264

–

–

Communications

6,212,492

6,212,492

–

–

Consumer,

Cyclical

38,944,739

36,989,878

1,954,861

–

Consumer,

Non-Cyclical

25,551,659

23,363,311

2,188,348

–

Energy

13,065,062

11,654,220

1,410,842

–

Financial

93,256,855

93,256,855

–

–

Industrial

59,445,375

51,509,915

7,935,460

–

Technology

10,774,599

10,774,599

–

–

Utilities

7,847,690

7,847,690

–

–

Total

Common

Stocks

267,945,735

254,456,224

13,489,511

–

Short-Term

Investments

4,054,704

–

4,054,704

–

Derivatives:

Equity

Contracts

Futures

8,098

8,098

–

–

Total

$

272,013,550

$

254,464,322

$

17,545,308

$

3,920

PACIFIC

SELECT

FUND

SMALL-CAP

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

134

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

WARRANTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Optinose,

Inc.

Exercise

@

$2.57

Exp 11/23/27

*

73,697

$

–

Total

Warrants

    (Cost

$737)

–

COMMON

STOCKS

-

96.6%

Basic

Materials

-

0.7%

spacing

Axalta

Coating

Systems

Ltd.

*

97,866

3,541,770

Communications

-

3.1%

spacing

Chewy,

Inc.

Class A *

71,976

2,108,177

DigitalBridge

Group,

Inc.

342,482

4,839,271

Q2

Holdings,

Inc.

*

88,017

7,021,116

Vivid

Seats,

Inc.

Class A *

478,720

1,771,264

15,739,828

Consumer,

Cyclical

-

8.4%

spacing

Brunswick

Corp.

74,701

6,261,438

Funko,

Inc.

Class A *

169,787

2,074,797

Genius

Sports

Ltd.

*

(United

Kingdom) 

1,024,480

8,031,923

Lear

Corp.

49,097

5,358,938

Ollie's

Bargain

Outlet

Holdings,

Inc.

*

44,030

4,279,716

Sabre

Corp.

*

643,914

2,363,164

Skechers

USA,

Inc.

Class A *

114,639

7,671,642

Visteon

Corp.

*

70,015

6,668,229

42,709,847

Consumer,

Non-Cyclical

-

29.3%

spacing

Adaptive

Biotechnologies

Corp.

*

413,753

2,118,415

Amicus

Therapeutics,

Inc.

*

413,905

4,420,505

Annexon,

Inc.

*

161,707

957,306

Ascendis

Pharma

AS

ADR

*

(Denmark) 

24,400

3,643,164

Bio-Techne

Corp.

91,061

7,278,506

BioAtla,

Inc.

*

81,847

144,051

Blueprint

Medicines

Corp.

*

34,372

3,179,410

Boyd

Group

Services,

Inc.

(Canada) 

8,279

1,254,659

Bridgebio

Pharma,

Inc.

*

100,394

2,556,031

Certara,

Inc.

*

526,920

6,170,233

CG

oncology,

Inc.

*

38,238

1,442,720

Collegium

Pharmaceutical,

Inc.

*

103,404

3,995,531

Cytokinetics,

Inc.

*

41,842

2,209,258

elf

Beauty,

Inc.

*

22,931

2,500,167

Envista

Holdings

Corp.

*

140,619

2,778,632

European

Wax

Center,

Inc.

Class A *

452,919

3,079,849

Fractyl

Health,

Inc.

*

143,198

362,291

Globus

Medical,

Inc.

Class A *

49,932

3,572,135

Harmony

Biosciences

Holdings,

Inc.

*

90,155

3,606,200

HealthEquity,

Inc.

*

48,764

3,991,333

Immunocore

Holdings

PLC

ADR

*

(United

Kingdom) 

67,833

2,111,641

Kymera

Therapeutics,

Inc.

*

56,267

2,663,117

Lantheus

Holdings,

Inc.

*

32,016

3,513,756

Legend

Biotech

Corp.

ADR

*

46,207

2,251,667

Maravai

LifeSciences

Holdings,

Inc.

Class A *

252,746

2,100,319

MGP

Ingredients,

Inc.

28,086

2,338,160

Natera,

Inc.

*

38,447

4,880,847

Neurocrine

Biosciences,

Inc.

*

21,146

2,436,442

a

Shares

Value

Oatly

Group

AB

ADR

*

1,043,873

$

891,885

Optinose,

Inc.

*

451,575

302,555

Oxford

Nanopore

Technologies

PLC

*

(United

Kingdom) 

702,508

1,494,296

Penumbra,

Inc.

*

22,381

4,348,852

Prelude

Therapeutics,

Inc.

*

78,999

163,528

PROCEPT

BioRobotics

Corp.

*

49,628

3,976,195

Qiagen

NV

*

156,669

7,139,406

RB

Global,

Inc.

(Canada) 

111,015

8,935,597

Remitly

Global,

Inc.

*

491,587

6,582,350

SpringWorks

Therapeutics,

Inc.

*

87,557

2,805,326

TriNet

Group,

Inc.

41,875

4,060,619

U.S.

Foods

Holding

Corp.

*

180,737

11,115,326

UFP

Technologies,

Inc.

*

11,970

3,790,899

UL

Solutions,

Inc.

Class A 

134,768

6,644,063

Ultragenyx

Pharmaceutical,

Inc.

*

70,955

3,941,550

Viking

Therapeutics,

Inc.

*

33,884

2,145,196

149,893,988

Energy

-

5.4%

spacing

Antero

Resources

Corp.

*

154,930

4,438,744

Matador

Resources

Co.

99,772

4,930,732

Permian

Resources

Corp.

376,988

5,130,807

TechnipFMC

PLC

(United

Kingdom) 

310,742

8,150,763

Viper

Energy,

Inc.

108,946

4,914,554

27,565,600

Financial

-

6.6%

spacing

Corp.

Inmobiliaria

Vesta

SAB

de

CV

ADR

(Mexico) 

45,917

1,237,004

GCM

Grosvenor,

Inc.

Class A 

312,331

3,535,587

Hamilton

Lane,

Inc.

Class A 

45,266

7,622,342

Independence

Realty

Trust,

Inc.

REIT

249,558

5,115,939

STAG

Industrial,

Inc.

REIT

107,317

4,195,021

Terreno

Realty

Corp.

REIT

86,490

5,780,127

WisdomTree,

Inc.

615,701

6,150,853

33,636,873

Industrial

-

19.3%

spacing

Advanced

Energy

Industries,

Inc.

56,308

5,925,854

AptarGroup,

Inc.

31,397

5,029,485

AZEK

Co.,

Inc.

*

93,695

4,384,926

Crane

Co.

69,160

10,946,645

Flowserve

Corp.

106,535

5,506,794

Gerresheimer

AG

(Germany) 

42,087

3,756,711

GFL

Environmental,

Inc.

209,154

8,341,062

Jacobs

Solutions,

Inc.

55,982

7,328,044

Knight-Swift

Transportation

Holdings,

Inc.

119,239

6,432,944

Littelfuse,

Inc.

19,272

5,111,898

nVent

Electric

PLC

126,220

8,868,217

Saia,

Inc.

*

6,532

2,856,182

Summit

Materials,

Inc.

Class A *

299,382

11,684,880

TopBuild

Corp.

*

24,211

9,849,277

XPO,

Inc.

*

24,157

2,597,119

98,620,038

Technology

-

23.8%

spacing

ACV

Auctions,

Inc.

Class A *

249,793

5,078,292

Alkami

Technology,

Inc.

*

178,690

5,635,883

Allegro

MicroSystems,

Inc.

*

(Japan) 

196,065

4,568,315

Altair

Engineering,

Inc.

Class A *

53,563

5,115,802

Astera

Labs,

Inc.

*

43,583

2,283,313

CACI

International,

Inc.

Class A *

22,424

11,314,253

135

PACIFIC

SELECT

FUND

SMALL-CAP

GROWTH

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

CCC

Intelligent

Solutions

Holdings,

Inc.

*

773,765

$

8,550,103

Corsair

Gaming,

Inc.

*

514,840

3,583,286

Definitive

Healthcare

Corp.

*

824,012

3,683,334

DoubleVerify

Holdings,

Inc.

*

27,248

458,856

ExlService

Holdings,

Inc.

*

110,491

4,215,232

Five9,

Inc.

*

221,126

6,352,950

FormFactor,

Inc.

*

142,871

6,572,066

Guidewire

Software,

Inc.

*

56,776

10,386,601

JFrog

Ltd.

*

(Israel) 

150,632

4,374,353

KBR,

Inc.

119,775

7,800,946

Kinaxis,

Inc.

*

(Canada) 

31,003

3,683,132

Nova

Ltd.

*

(Israel) 

16,889

3,518,654

Onestream,

Inc.

*

90,619

3,071,984

Onto

Innovation,

Inc.

*

19,866

4,123,387

QXO,

Inc.

*

146,872

2,316,171

QXO,

Inc.

145,180

2,289,489

Schrodinger,

Inc.

*

263,361

4,885,347

SentinelOne,

Inc.

Class A *

314,117

7,513,679

121,375,428

Total

Common

Stocks

    (Cost

$468,318,435)

493,083,372

Principal

Amount

SHORT-TERM

INVESTMENTS

-

2.7%

U.S.

Government

Agency

Issues

-

2.7%

Federal

Home

Loan

Banks

4.831%

due

10/01/24 

$

13,953,000

13,951,201

Total

Short-Term

Investments

(Cost

$13,953,000)

13,951,201

TOTAL

INVESTMENTS

-

99.3%

(Cost

$482,272,172)

507,034,573

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.7%

3,664,262

NET

ASSETS

-

100.0%

$

510,698,835

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

Basic

Materials

$

3,541,770

$

3,541,770

$

–

$

–

Communications

15,739,828

15,739,828

–

–

Consumer,

Cyclical

42,709,847

42,709,847

–

–

Consumer,

Non-Cyclical

149,893,988

149,893,988

–

–

Energy

27,565,600

27,565,600

–

–

Financial

33,636,873

33,636,873

–

–

Industrial

98,620,038

94,863,327

3,756,711

–

Technology

121,375,428

119,059,257

2,316,171

–

Total

Common

Stocks

493,083,372

487,010,490

6,072,882

–

Short-Term

Investments

13,951,201

–

13,951,201

–

Total

$

507,034,573

$

487,010,490

$

20,024,083

$

–

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

136

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

RIGHTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Chinook

Therapeutics,

Inc.

-

Contingent

Value

Rights

* ± Ω

15,650

$

13,146

Contra

Aduro

Biotechnologies,

Inc.

-

Contingent

Value

Rights

* ± Ω

3,861

1,853

Icosavax,

Inc.

-

Contingent

Value

Rights

*

7,606

2,358

Inhibrx,

Inc.

-

Contingent

Value

Rights

* ± Ω

9,969

11,166

OmniAb,

Inc.

$12.50

-

Earn

Out

Shares

* ± Ω

1,693

–

OmniAb,

Inc.

$15.00

-

Earn

Out

Shares

* ± Ω

1,693

–

28,523

Utilities

-

0.0%

Gtx,

Inc.

-

Contingent

Value

Rights

* ± Ω

216

221

Total

Rights

    (Cost

$15,384)

28,744

WARRANTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Pulse

Biosciences,

Inc.

Exercise

@

$3.27

Exp 06/26/29

*

420

1,373

Pulse

Biosciences,

Inc.

Exercise

@

$3.27

Exp 06/27/29

*

420

1,374

2,747

Total

Warrants

    (Cost

$0)

2,747

COMMON

STOCKS

-

99.2%

Basic

Materials

-

3.5%

spacing

AdvanSix,

Inc.

7,690

233,622

American

Vanguard

Corp.

7,396

39,199

Arcadium

Lithium

PLC

*

(Argentina) 

322,155

918,142

Avient

Corp.

26,704

1,343,745

Balchem

Corp.

9,513

1,674,288

Cabot

Corp.

15,998

1,788,096

Caledonia

Mining

Corp.

PLC

(South

Africa) 

5,320

79,587

Carpenter

Technology

Corp.

14,114

2,252,312

Centrus

Energy

Corp.

Class A *

4,160

228,176

Century

Aluminum

Co.

*

16,160

262,277

Codexis,

Inc.

*

19,484

60,011

Coeur

Mining,

Inc.

*

117,563

808,833

Commercial

Metals

Co.

34,339

1,887,271

Compass

Minerals

International,

Inc.

10,319

124,034

Constellium

SE

*

38,207

621,246

Contango

ORE,

Inc.

*

3,228

62,171

Critical

Metals

Corp.

*

(Austria) 

1,875

13,950

Dakota

Gold

Corp.

*

24,524

57,877

Ecovyst,

Inc.

*

34,442

235,928

Encore

Energy

Corp.

*

(Canada) 

54,294

219,348

Energy

Fuels,

Inc.

*

54,736

300,501

Hawkins,

Inc.

5,722

729,383

Haynes

International,

Inc.

3,685

219,405

HB

Fuller

Co.

16,152

1,282,146

Hecla

Mining

Co.

172,377

1,149,755

i-80

Gold

Corp.

*

(Canada) 

88,640

102,822

Ingevity

Corp.

*

10,831

422,409

Innospec,

Inc.

7,334

829,402

a

Shares

Value

Intrepid

Potash,

Inc.

*

3,035

$

72,840

Ivanhoe

Electric,

Inc.

*

24,862

210,333

Kaiser

Aluminum

Corp.

4,795

347,733

Koppers

Holdings,

Inc.

5,910

215,892

Kronos

Worldwide,

Inc.

6,400

79,680

Lifezone

Holdings

Ltd.

*

(Isle

of

Man) 

10,471

73,297

Lightwave

Logic,

Inc.

*

38,260

105,598

Mativ

Holdings,

Inc.

16,509

280,488

Metals

Acquisition

Ltd.

Class A *

(Australia) 

15,174

210,160

Minerals

Technologies,

Inc.

9,585

740,250

Northern

Technologies

International

Corp.

2,175

26,731

Novagold

Resources,

Inc.

*

(Canada) 

74,980

307,418

Oil-Dri

Corp.

of

America

1,580

109,004

Orion

SA

(Germany) 

17,121

304,925

Perimeter

Solutions

SA

*

40,097

539,305

Perpetua

Resources

Corp.

*

12,362

115,585

Piedmont

Lithium,

Inc.

*

4,848

43,293

Quaker

Chemical

Corp.

4,182

704,625

Radius

Recycling,

Inc.

8,453

156,719

Rayonier

Advanced

Materials,

Inc.

*

18,356

157,127

Rogers

Corp.

*

5,573

629,805

Sensient

Technologies

Corp.

12,484

1,001,466

SSR

Mining,

Inc.

(Canada) 

60,439

343,293

Stepan

Co.

6,362

491,464

Sylvamo

Corp.

10,409

893,613

Tronox

Holdings

PLC

35,753

523,066

U.S.

Lime

&

Minerals,

Inc.

3,229

315,344

Universal

Stainless

&

Alloy

Products,

Inc.

*

2,558

98,816

Ur-Energy,

Inc.

*

100,907

120,079

Uranium

Energy

Corp.

*

116,672

724,533

Valhi,

Inc.

693

23,125

27,911,543

Communications

-

4.1%

spacing

1-800-Flowers.com,

Inc.

Class A *

7,662

60,760

1stdibs.com,

Inc.

*

7,194

31,726

A10

Networks,

Inc.

21,089

304,525

ADTRAN

Holdings,

Inc.

*

21,762

129,049

Advantage

Solutions,

Inc.

*

31,942

109,561

AMC

Networks,

Inc.

Class A *

8,364

72,683

Anterix,

Inc.

*

2,933

110,457

Applied

Digital

Corp.

*

34,550

285,038

AST

SpaceMobile,

Inc.

*

39,632

1,036,377

ATN

International,

Inc.

3,134

101,354

AudioEye,

Inc.

*

2,114

48,305

Aviat

Networks,

Inc.

*

3,694

79,901

Backblaze,

Inc.

Class A *

11,995

76,648

BARK,

Inc.

*

45,004

73,357

Beyond,

Inc.

*

13,354

134,608

BlackSky

Technology,

Inc.

*

4,093

19,401

Boston

Omaha

Corp.

Class A *

7,700

114,499

Bumble,

Inc.

Class A *

27,424

174,965

Cable

One,

Inc.

1,695

592,894

Calix,

Inc.

*

17,661

685,070

Cardlytics,

Inc.

*

11,501

36,803

Cargurus,

Inc.

*

26,146

785,164

Cars.com,

Inc.

*

19,332

324,004

Clear

Channel

Outdoor

Holdings,

Inc.

*

103,484

165,574

Clearfield,

Inc.

*

3,559

138,659

Cogent

Communications

Holdings,

Inc.

13,082

993,185

CommScope

Holding

Co.,

Inc.

*

62,756

383,439

Consolidated

Communications

Holdings,

Inc.

*

20,547

95,338

Couchbase,

Inc.

*

11,652

187,830

137

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Credo

Technology

Group

Holding

Ltd.

*

38,097

$

1,173,388

Despegar.com

Corp.

*

(Argentina) 

18,179

225,420

DigitalBridge

Group,

Inc.

47,594

672,503

EchoStar

Corp.

Class A *

36,441

904,466

Entravision

Communications

Corp.

Class A 

16,640

34,445

ePlus,

Inc.

*

7,954

782,196

Eventbrite,

Inc.

Class A *

25,402

69,347

EverQuote,

Inc.

Class A *

7,785

164,186

EW

Scripps

Co.

Class A *

16,290

36,571

Extreme

Networks,

Inc.

*

38,147

573,349

Figs,

Inc.

Class A *

36,524

249,824

fuboTV,

Inc.

*

80,892

114,867

Gambling.com

Group

Ltd.

*

(Malta) 

4,536

45,451

Gannett

Co.,

Inc.

*

44,247

248,668

Getty

Images

Holdings,

Inc.

*

29,445

112,185

Globalstar,

Inc.

*

210,699

261,267

Gogo,

Inc.

*

20,147

144,655

Gray

Television,

Inc.

25,652

137,495

Grindr,

Inc.

*

(Singapore) 

7,465

89,057

Groupon,

Inc.

*

6,846

66,954

Harmonic,

Inc.

*

32,818

478,158

HealthStream,

Inc.

7,270

209,667

Hims

&

Hers

Health,

Inc.

*

56,339

1,037,764

IDT

Corp.

Class B 

4,775

182,262

iHeartMedia,

Inc.

Class A *

37,755

69,847

Infinera

Corp.

*

58,515

394,976

Innovid

Corp.

*

(Israel) 

30,801

55,442

InterDigital,

Inc.

7,514

1,064,208

Lands'

End,

Inc.

*

4,088

70,600

Liberty

Latin

America

Ltd.

Class A *

9,569

91,671

Liberty

Latin

America

Ltd.

Class C *

37,974

360,373

LifeMD,

Inc.

*

10,237

53,642

Liquidity

Services,

Inc.

*

6,539

149,089

LiveOne,

Inc.

*

19,941

18,920

Lumen

Technologies,

Inc.

*

299,967

2,129,766

Magnite,

Inc.

*

37,503

519,417

MediaAlpha,

Inc.

Class A *

8,942

161,940

Mondee

Holdings,

Inc.

*

11,749

16,331

National

CineMedia,

Inc.

*

21,354

150,546

Nerdy,

Inc.

*

29,867

29,362

NETGEAR,

Inc.

*

8,143

163,349

Nextdoor

Holdings,

Inc.

*

52,144

129,317

Ooma,

Inc.

*

6,399

72,885

Open

Lending

Corp.

*

29,580

181,030

Opendoor

Technologies,

Inc.

*

184,875

369,750

OptimizeRx

Corp.

*

4,522

34,910

Perficient,

Inc.

*

10,313

778,425

Powerfleet,

Inc.

NJ

*

27,159

135,795

Preformed

Line

Products

Co.

730

93,498

Q2

Holdings,

Inc.

*

17,585

1,402,755

QuinStreet,

Inc.

*

15,530

297,089

RealReal,

Inc.

*

29,022

91,129

Revolve

Group,

Inc.

*

11,485

284,598

Ribbon

Communications,

Inc.

*

30,207

98,173

RumbleON,

Inc.

Class B *

5,209

24,951

Scholastic

Corp.

6,740

215,747

Shenandoah

Telecommunications

Co.

14,548

205,272

Shutterstock,

Inc.

7,771

274,860

Sinclair,

Inc.

8,955

137,012

Solo

Brands,

Inc.

Class A *

5,125

7,226

Sphere

Entertainment

Co.

*

8,153

360,200

Spok

Holdings,

Inc.

5,506

82,920

Sprinklr,

Inc.

Class A *

37,732

291,668

Squarespace,

Inc.

Class A *

17,945

833,186

a

Shares

Value

Stagwell,

Inc.

*

27,101

$

190,249

Stitch

Fix,

Inc.

Class A *

28,658

80,816

TechTarget,

Inc.

*

7,805

190,832

TEGNA,

Inc.

50,125

790,973

Telephone

&

Data

Systems,

Inc.

29,633

688,967

Terran

Orbital

Corp.

*

38,991

9,795

Thryv

Holdings,

Inc.

*

8,973

154,605

Townsquare

Media,

Inc.

Class A 

4,734

48,097

TrueCar,

Inc.

*

24,636

84,994

Tucows,

Inc.

Class A *

2,749

57,427

Upwork,

Inc.

*

37,093

387,622

Vacasa,

Inc.

Class A *

5,051

14,193

Value

Line,

Inc.

334

15,531

Viasat,

Inc.

*

36,058

430,533

Viavi

Solutions,

Inc.

*

65,347

589,430

Vivid

Seats,

Inc.

Class A *

21,086

78,018

WideOpenWest,

Inc.

*

15,069

79,112

Yelp,

Inc.

*

19,501

684,095

Ziff

Davis,

Inc.

*

13,349

649,562

32,492,045

Consumer,

Cyclical

-

11.1%

spacing

A-Mark

Precious

Metals,

Inc.

5,043

222,699

Abercrombie

&

Fitch

Co.

Class A *

14,994

2,097,661

Academy

Sports

&

Outdoors,

Inc.

20,703

1,208,227

Accel

Entertainment,

Inc.

*

15,581

181,051

Acushnet

Holdings

Corp.

8,412

536,265

Adient

PLC

*

27,445

619,434

Aeva

Technologies,

Inc.

*

6,007

19,763

Allegiant

Travel

Co.

4,635

255,203

AMC

Entertainment

Holdings,

Inc.

Class A *

100,292

456,329

American

Axle

&

Manufacturing

Holdings,

Inc.

*

34,419

212,709

American

Eagle

Outfitters,

Inc.

54,301

1,215,799

America's

Car-Mart,

Inc.

*

1,980

83,002

Arhaus,

Inc.

15,185

186,927

Arko

Corp.

25,188

176,820

Asbury

Automotive

Group,

Inc.

*

6,023

1,437,028

Atlanta

Braves

Holdings,

Inc.

Class A *

2,808

118,357

Atlanta

Braves

Holdings,

Inc.

Class C *

15,010

597,398

Aurora

Innovation,

Inc.

*

279,313

1,653,533

Bally's

Corp.

*

6,553

113,039

Beacon

Roofing

Supply,

Inc.

*

18,885

1,632,231

Beazer

Homes

USA,

Inc.

*

8,561

292,529

Biglari

Holdings,

Inc.

Class B *

230

39,562

BJ's

Restaurants,

Inc.

*

5,779

188,164

Blink

Charging

Co.

*

28,899

49,706

Bloomin'

Brands,

Inc.

23,904

395,133

Blue

Bird

Corp.

*

9,551

458,066

BlueLinx

Holdings,

Inc.

*

2,462

259,544

Boot

Barn

Holdings,

Inc.

*

8,806

1,473,068

Brinker

International,

Inc.

*

13,102

1,002,696

Buckle,

Inc.

9,146

402,150

Build-A-Bear

Workshop,

Inc.

3,742

128,613

Caleres,

Inc.

10,423

344,480

Camping

World

Holdings,

Inc.

Class A 

12,370

299,601

Canoo,

Inc.

*

17,617

17,326

Cavco

Industries,

Inc.

*

2,453

1,050,473

Century

Communities,

Inc.

8,187

843,097

Champion

Homes,

Inc.

*

15,856

1,503,942

Cheesecake

Factory,

Inc.

14,424

584,893

Chuy's

Holdings,

Inc.

*

5,350

200,090

Cinemark

Holdings,

Inc.

*

32,838

914,210

Citi

Trends,

Inc.

*

2,417

44,400

138

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Clarus

Corp.

6,816

$

30,672

Clean

Energy

Fuels

Corp.

*

47,494

147,706

Commercial

Vehicle

Group,

Inc.

*

8,348

27,131

CompX

International,

Inc.

719

21,002

Cooper-Standard

Holdings,

Inc.

*

4,782

66,326

Cracker

Barrel

Old

Country

Store,

Inc.

6,448

292,417

Daktronics,

Inc.

*

10,443

134,819

Dana,

Inc.

39,395

416,011

Dave

&

Buster's

Entertainment,

Inc.

*

9,360

318,708

Denny's

Corp.

*

14,657

94,538

Designer

Brands,

Inc.

Class A 

14,351

105,910

Destination

XL

Group,

Inc.

*

15,629

45,949

Dine

Brands

Global,

Inc.

4,348

135,788

Dorman

Products,

Inc.

*

7,754

877,133

Douglas

Dynamics,

Inc.

6,445

177,753

Dream

Finders

Homes,

Inc.

Class A *

8,229

297,972

El

Pollo

Loco

Holdings,

Inc.

*

8,233

112,792

Empire

Resorts,

Inc.

(Escrow)

* ± Ω

953

–

Escalade,

Inc.

2,759

38,819

Ethan

Allen

Interiors,

Inc.

7,073

225,558

Everi

Holdings,

Inc.

*

22,884

300,696

EVgo,

Inc.

*

28,153

116,553

EVI

Industries,

Inc.

2,052

39,665

First

Watch

Restaurant

Group,

Inc.

*

8,846

137,998

FirstCash

Holdings,

Inc.

11,423

1,311,360

Flexsteel

Industries,

Inc.

1,336

59,171

Foot

Locker,

Inc.

24,859

642,357

Forestar

Group,

Inc.

*

5,358

173,438

Fox

Factory

Holding

Corp.

*

12,712

527,548

Frontier

Group

Holdings,

Inc.

*

10,591

56,662

Full

House

Resorts,

Inc.

*

9,322

46,796

Funko,

Inc.

Class A *

9,070

110,835

G-III

Apparel

Group

Ltd.

*

12,071

368,407

Genesco,

Inc.

*

3,499

95,068

Gentherm,

Inc.

*

9,487

441,620

Global

Business

Travel

Group

I

*

36,232

278,624

Global

Industrial

Co.

4,300

146,071

GMS,

Inc.

*

12,043

1,090,735

Golden

Entertainment,

Inc.

5,786

183,937

Goodyear

Tire

&

Rubber

Co.

*

84,579

748,524

Green

Brick

Partners,

Inc.

*

9,254

772,894

Group

1

Automotive,

Inc.

3,958

1,516,072

GrowGeneration

Corp.

*

17,333

36,919

H&E

Equipment

Services,

Inc.

9,642

469,373

Hamilton

Beach

Brands

Holding

Co.

Class A 

2,500

76,075

Hanesbrands,

Inc.

*

106,017

779,225

Haverty

Furniture

Cos.,

Inc.

4,176

114,715

Hilton

Grand

Vacations,

Inc.

*

22,203

806,413

HNI

Corp.

14,130

760,759

Holley,

Inc.

*

13,491

39,798

Hooker

Furnishings

Corp.

3,258

58,905

Hovnanian

Enterprises,

Inc.

Class A *

1,526

311,869

Hudson

Technologies,

Inc.

*

13,006

108,470

Hyliion

Holdings

Corp.

*

40,985

101,643

IMAX

Corp.

*

12,581

258,036

indie

Semiconductor,

Inc.

Class A *

(China) 

48,608

193,946

Installed

Building

Products,

Inc.

7,125

1,754,674

Interface,

Inc.

16,788

318,468

International

Game

Technology

PLC

34,104

726,415

iRobot

Corp.

*

10,066

87,474

J

Jill,

Inc.

1,182

29,160

Jack

in

the

Box,

Inc.

5,902

274,679

JAKKS

Pacific,

Inc.

*

2,175

55,506

a

Shares

Value

JetBlue

Airways

Corp.

*

91,934

$

603,087

Johnson

Outdoors,

Inc.

Class A 

1,483

53,685

KB

Home

20,255

1,735,651

Kontoor

Brands,

Inc.

16,562

1,354,440

Kura

Sushi

USA,

Inc.

Class A *

1,845

148,633

La-Z-Boy,

Inc.

12,629

542,163

Landsea

Homes

Corp.

*

5,477

67,641

LCI

Industries

7,387

890,429

Leslie's,

Inc.

*

54,072

170,868

LGI

Homes,

Inc.

*

6,246

740,276

Life

Time

Group

Holdings,

Inc.

*

17,714

432,576

Lifetime

Brands,

Inc.

3,680

24,067

Lindblad

Expeditions

Holdings,

Inc.

*

9,465

87,551

Lions

Gate

Entertainment

Corp.

Class A *

20,240

158,479

Lions

Gate

Entertainment

Corp.

Class B *

33,893

234,540

Livewire

Group,

Inc.

*

(Cayman) 

5,256

32,062

Lovesac

Co.

*

4,695

134,512

Luminar

Technologies,

Inc.

*

101,506

91,325

M/I

Homes,

Inc.

*

7,851

1,345,347

Madison

Square

Garden

Entertainment

Corp.

*

11,775

500,791

Malibu

Boats,

Inc.

Class A *

5,975

231,890

Marcus

Corp.

7,229

108,941

Marine

Products

Corp.

2,063

19,990

MarineMax,

Inc.

*

6,511

229,643

MasterCraft

Boat

Holdings,

Inc.

*

4,460

81,217

Meritage

Homes

Corp.

10,632

2,180,304

Methode

Electronics,

Inc.

11,406

136,416

Miller

Industries,

Inc.

3,073

187,453

MillerKnoll,

Inc.

21,190

524,664

Monarch

Casino

&

Resort,

Inc.

3,730

295,677

Movado

Group,

Inc.

4,629

86,099

MRC

Global,

Inc.

*

25,342

322,857

National

Vision

Holdings,

Inc.

*

23,296

254,159

Nu

Skin

Enterprises,

Inc.

Class A 

14,374

105,936

ODP

Corp.

*

10,623

316,034

ONE

Group

Hospitality,

Inc.

*

5,568

20,490

OneSpaWorld

Holdings

Ltd.

(Bahamas) 

30,026

495,729

OneWater

Marine,

Inc.

Class A *

3,784

90,475

OPENLANE,

Inc.

*

32,321

545,578

Oxford

Industries,

Inc.

4,321

374,890

Papa

John's

International,

Inc.

9,896

533,098

Patrick

Industries,

Inc.

6,552

932,808

PC

Connection,

Inc.

3,507

264,533

Peloton

Interactive,

Inc.

Class A *

100,783

471,664

Petco

Health

&

Wellness

Co.,

Inc.

*

24,828

112,967

Phinia,

Inc.

12,814

589,828

Portillo's,

Inc.

Class A *

16,123

217,177

Potbelly

Corp.

*

7,899

65,878

PriceSmart,

Inc.

7,427

681,650

Purple

Innovation,

Inc.

*

16,412

16,227

RCI

Hospitality

Holdings,

Inc.

2,406

107,187

Red

Rock

Resorts,

Inc.

Class A 

14,681

799,234

Reservoir

Media,

Inc.

*

5,058

41,020

Resideo

Technologies,

Inc.

*

43,688

879,876

REV

Group,

Inc.

15,393

431,928

Rocky

Brands,

Inc.

1,966

62,637

Rush

Enterprises,

Inc.

Class A 

17,696

934,880

Rush

Enterprises,

Inc.

Class B 

2,904

139,247

Rush

Street

Interactive,

Inc.

*

22,683

246,111

Sabre

Corp.

*

112,123

411,491

Sally

Beauty

Holdings,

Inc.

*

31,446

426,722

Savers

Value

Village,

Inc.

*

7,792

81,972

ScanSource,

Inc.

*

7,674

368,582

139

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

SES

AI

Corp.

*

33,991

$

21,747

Shake

Shack,

Inc.

Class A *

11,322

1,168,544

Shoe

Carnival,

Inc.

5,148

225,740

Shyft

Group,

Inc.

10,847

136,130

Signet

Jewelers

Ltd.

(NYSE)

12,730

1,312,972

Six

Flags

Entertainment

Corp.

27,584

1,111,911

SkyWest,

Inc.

*

11,923

1,013,693

Sleep

Number

Corp.

*

6,003

109,975

Solid

Power,

Inc.

*

43,183

58,297

Sonic

Automotive,

Inc.

Class A 

4,225

247,078

Sonos,

Inc.

*

36,859

452,997

Spirit

Airlines,

Inc.

29,737

71,369

Standard

Motor

Products,

Inc.

6,446

214,007

Steelcase,

Inc.

Class A 

27,968

377,288

Steven

Madden

Ltd.

21,603

1,058,331

Sun

Country

Airlines

Holdings,

Inc.

*

11,365

127,402

Super

Group

SGHC

Ltd.

(Guernsey) 

46,469

168,682

Superior

Group

of

Cos.,

Inc.

3,914

60,628

Sweetgreen,

Inc.

Class A *

29,425

1,043,116

Taylor

Morrison

Home

Corp.

*

30,248

2,125,225

ThredUp,

Inc.

Class A *

31,919

26,876

Tile

Shop

Holdings,

Inc.

*

8,920

58,783

Tilly's,

Inc.

Class A *

6,305

32,156

Titan

International,

Inc.

*

14,394

117,023

Titan

Machinery,

Inc.

*

6,219

86,631

Topgolf

Callaway

Brands

Corp.

*

41,587

456,625

Torrid

Holdings,

Inc.

*

3,599

14,144

Traeger,

Inc.

*

9,951

36,620

Tri

Pointe

Homes,

Inc.

*

27,075

1,226,768

UniFirst

Corp.

4,481

890,151

United

Homes

Group,

Inc.

*

2,451

15,049

United

Parks

&

Resorts,

Inc.

*

10,348

523,609

Urban

Outfitters,

Inc.

*

18,916

724,672

Vera

Bradley,

Inc.

*

8,445

46,110

Victoria's

Secret

&

Co.

*

23,324

599,427

Virco

Mfg.

Corp.

3,128

43,198

Vista

Outdoor,

Inc.

*

17,353

679,891

Visteon

Corp.

*

7,845

747,158

Vizio

Holding

Corp.

Class A *

26,561

296,686

VSE

Corp.

4,725

390,899

Wabash

National

Corp.

12,762

244,903

Warby

Parker,

Inc.

Class A *

26,060

425,560

Webtoon

Entertainment,

Inc.

*

(South

Korea) 

4,452

50,931

Weyco

Group,

Inc.

1,756

59,774

Wheels

Up

Experience,

Inc.

*

27,366

66,226

Winmark

Corp.

864

330,852

Winnebago

Industries,

Inc.

8,654

502,884

Wolverine

World

Wide,

Inc.

23,739

413,533

XPEL,

Inc.

*

7,467

323,844

Xperi,

Inc.

*

14,433

133,361

Xponential

Fitness,

Inc.

Class A *

7,985

99,014

Zumiez,

Inc.

*

5,255

111,932

89,263,479

Consumer,

Non-Cyclical

-

23.8%

spacing

2seventy

bio,

Inc.

*

13,604

64,211

4D

Molecular

Therapeutics,

Inc.

*

14,821

160,215

89bio,

Inc.

*

25,085

185,629

Aaron's

Co.,

Inc.

8,468

84,257

ABM

Industries,

Inc.

18,749

989,197

Absci

Corp.

*

23,952

91,497

Acacia

Research

Corp.

*

9,931

46,278

ACADIA

Pharmaceuticals,

Inc.

*

36,002

553,711

a

Shares

Value

ACCO

Brands

Corp.

26,556

$

145,261

Accolade,

Inc.

*

20,208

77,801

Accuray,

Inc.

*

23,942

43,096

ACELYRIN,

Inc.

*

20,465

100,892

Achieve

Life

Sciences,

Inc.

*

10,036

47,571

Acrivon

Therapeutics,

Inc.

*

3,469

24,283

Actinium

Pharmaceuticals,

Inc.

*

9,719

18,272

Acumen

Pharmaceuticals,

Inc.

*

12,397

30,745

AdaptHealth

Corp.

*

30,254

339,752

Adaptive

Biotechnologies

Corp.

*

36,892

188,887

ADC

Therapeutics

SA

*

(Switzerland) 

20,580

64,827

Addus

HomeCare

Corp.

*

5,107

679,384

ADMA

Biologics,

Inc.

*

66,769

1,334,712

Adtalem

Global

Education,

Inc.

*

11,106

838,281

Adverum

Biotechnologies,

Inc.

*

6,213

43,615

Aerovate

Therapeutics,

Inc.

*

3,673

7,677

Agenus,

Inc.

*

6,155

33,729

agilon

health,

Inc.

*

91,593

359,960

Agios

Pharmaceuticals,

Inc.

*

16,790

745,980

AirSculpt

Technologies,

Inc.

*

2,943

14,921

Akebia

Therapeutics,

Inc.

*

65,720

86,750

Akero

Therapeutics,

Inc.

*

20,150

578,103

Akoya

Biosciences,

Inc.

*

5,564

15,134

Alarm.com

Holdings,

Inc.

*

14,163

774,291

Aldeyra

Therapeutics,

Inc.

*

16,873

90,945

Alector,

Inc.

*

25,466

118,672

Alico,

Inc.

2,189

61,226

Alight,

Inc.

Class A *

125,889

931,579

Alkermes

PLC

*

48,251

1,350,545

Allogene

Therapeutics,

Inc.

*

36,599

102,477

Alphatec

Holdings,

Inc.

*

30,447

169,285

Alta

Equipment

Group,

Inc.

8,783

59,197

Altimmune,

Inc.

*

21,228

130,340

Alto

Neuroscience,

Inc.

*

5,925

67,782

Alumis,

Inc.

*

3,753

40,082

ALX

Oncology

Holdings,

Inc.

*

10,780

19,620

American

Public

Education,

Inc.

*

4,651

68,602

Amicus

Therapeutics,

Inc.

*

86,981

928,957

AMN

Healthcare

Services,

Inc.

*

11,358

481,466

Amneal

Pharmaceuticals,

Inc.

*

47,442

394,717

Amphastar

Pharmaceuticals,

Inc.

*

11,381

552,320

AnaptysBio,

Inc.

*

6,104

204,484

Anavex

Life

Sciences

Corp.

*

22,820

129,618

Andersons,

Inc.

9,792

490,971

AngioDynamics,

Inc.

*

10,544

82,032

ANI

Pharmaceuticals,

Inc.

*

5,454

325,386

Anika

Therapeutics,

Inc.

*

3,621

89,439

Annexon,

Inc.

*

28,499

168,714

Apogee

Therapeutics,

Inc.

*

11,239

660,179

Applied

Therapeutics,

Inc.

*

28,498

242,233

Aquestive

Therapeutics,

Inc.

*

22,171

110,412

Arbutus

Biopharma

Corp.

*

40,311

155,197

Arcellx,

Inc.

*

12,794

1,068,427

Arcturus

Therapeutics

Holdings,

Inc.

*

6,511

151,120

Arcus

Biosciences,

Inc.

*

15,865

242,576

Arcutis

Biotherapeutics,

Inc.

*

31,549

293,406

Ardelyx,

Inc.

*

69,464

478,607

Ardent

Health

Partners,

Inc.

*

3,049

56,041

Arlo

Technologies,

Inc.

*

28,253

342,144

ArriVent

Biopharma,

Inc.

*

8,086

190,021

Arrowhead

Pharmaceuticals,

Inc.

*

35,488

687,403

ARS

Pharmaceuticals,

Inc.

*

14,610

211,845

Artiva

Biotherapeutics,

Inc.

*

(South

Korea) 

3,820

59,019

Artivion,

Inc.

*

11,877

316,166

140

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Arvinas,

Inc.

*

19,100

$

470,433

Astrana

Health,

Inc.

*

12,733

737,750

Astria

Therapeutics,

Inc.

*

14,055

154,746

Atea

Pharmaceuticals,

Inc.

*

21,675

72,611

Atossa

Therapeutics,

Inc.

*

37,388

56,830

AtriCure,

Inc.

*

14,155

396,906

Aura

Biosciences,

Inc.

*

13,439

119,741

Aurinia

Pharmaceuticals,

Inc.

*

(Canada) 

38,990

285,797

Avadel

Pharmaceuticals

PLC

*

27,485

360,466

Avanos

Medical,

Inc.

*

13,819

332,071

Aveanna

Healthcare

Holdings,

Inc.

*

15,325

79,690

Avid

Bioservices,

Inc.

*

18,938

215,514

Avidity

Biosciences,

Inc.

*

31,939

1,466,958

Avita

Medical,

Inc.

*

6,432

68,951

Axogen,

Inc.

*

12,294

172,362

Axonics,

Inc.

*

15,139

1,053,674

Axsome

Therapeutics,

Inc.

*

10,821

972,483

B&G

Foods,

Inc.

22,065

195,937

Barrett

Business

Services,

Inc.

7,896

296,179

Beam

Therapeutics,

Inc.

*

22,731

556,909

Beauty

Health

Co.

*

23,615

34,006

Beyond

Meat,

Inc.

*

16,288

110,433

BioCryst

Pharmaceuticals,

Inc.

*

61,317

466,009

Biohaven

Ltd.

*

22,310

1,114,831

BioLife

Solutions,

Inc.

*

10,580

264,923

Biomea

Fusion,

Inc.

*

9,460

95,546

Biote

Corp.

Class A *

9,314

51,972

Bioventus,

Inc.

Class A *

11,066

132,239

Black

Diamond

Therapeutics,

Inc.

*

11,141

48,463

Blade

Air

Mobility,

Inc.

*

15,595

45,849

Bluebird

Bio,

Inc.

*

56,103

29,146

Blueprint

Medicines

Corp.

*

18,694

1,729,195

BRC,

Inc.

Class A *

15,395

52,651

Bridgebio

Pharma,

Inc.

*

41,732

1,062,497

BrightSpring

Health

Services,

Inc.

*

15,209

223,268

BrightView

Holdings,

Inc.

*

17,107

269,264

Brink's

Co.

13,278

1,535,468

Brookdale

Senior

Living,

Inc.

*

56,893

386,303

C4

Therapeutics,

Inc.

*

17,637

100,531

Cabaletta

Bio,

Inc.

*

12,860

60,699

Cadiz,

Inc.

*

11,057

33,503

Cal-Maine

Foods,

Inc.

12,196

912,749

Calavo

Growers,

Inc.

4,921

140,396

Candel

Therapeutics,

Inc.

*

5,972

41,386

Capricor

Therapeutics,

Inc.

*

7,425

112,934

Cardiff

Oncology,

Inc.

*

11,692

31,218

CareDx,

Inc.

*

14,776

461,381

Cargo

Therapeutics,

Inc.

*

9,944

183,467

Caribou

Biosciences,

Inc.

*

23,654

46,362

Carriage

Services,

Inc.

4,303

141,267

Cartesian

Therapeutics,

Inc.

*

2,120

34,174

Cass

Information

Systems,

Inc.

4,127

171,188

Cassava

Sciences,

Inc.

*

12,361

363,784

Castle

Biosciences,

Inc.

*

7,784

222,000

Catalyst

Pharmaceuticals,

Inc.

*

32,978

655,603

CBIZ,

Inc.

*

14,137

951,279

Celcuity,

Inc.

*

7,011

104,534

Celldex

Therapeutics,

Inc.

*

19,178

651,860

Central

Garden

&

Pet

Co.

*

3,578

130,490

Central

Garden

&

Pet

Co.

Class A *

14,531

456,273

Century

Therapeutics,

Inc.

*

14,516

24,822

Cerus

Corp.

*

58,898

102,483

CervoMed,

Inc.

*

1,606

23,448

CG

oncology,

Inc.

*

13,971

527,126

a

Shares

Value

Chefs'

Warehouse,

Inc.

*

10,241

$

430,224

Chegg,

Inc.

*

34,869

61,718

ChromaDex

Corp.

*

14,337

52,330

Cibus,

Inc.

*

4,434

14,455

Cimpress

PLC

*

(Ireland) 

5,133

420,495

Cogent

Biosciences,

Inc.

*

27,313

294,980

Coherus

Biosciences,

Inc.

*

26,989

28,069

Collegium

Pharmaceutical,

Inc.

*

9,823

379,561

Community

Health

Systems,

Inc.

*

35,461

215,248

Compass

Therapeutics,

Inc.

*

23,779

43,753

CompoSecure,

Inc.

Class A 

8,112

113,730

Concentra

Group

Holdings

Parent,

Inc.

*

6,465

144,557

CONMED

Corp.

9,214

662,671

Contineum

Therapeutics,

Inc.

Class A *

1,954

37,400

Corbus

Pharmaceuticals

Holdings,

Inc.

*

3,024

62,385

Corcept

Therapeutics,

Inc.

*

23,974

1,109,517

CoreCivic,

Inc.

*

32,837

415,388

CorMedix,

Inc.

*

16,302

131,720

CorVel

Corp.

*

2,609

852,856

Coursera,

Inc.

*

41,032

325,794

CPI

Card

Group,

Inc.

*

1,772

49,315

CRA

International,

Inc.

1,988

348,536

Crinetics

Pharmaceuticals,

Inc.

*

23,091

1,179,950

Cross

Country

Healthcare,

Inc.

*

9,250

124,320

Cullinan

Therapeutics,

Inc.

*

15,184

254,180

Custom

Truck

One

Source,

Inc.

*

15,744

54,317

CVRx,

Inc.

*

3,019

26,597

Cytek

Biosciences,

Inc.

*

35,293

195,523

Cytokinetics,

Inc.

*

33,893

1,789,550

Day

One

Biopharmaceuticals,

Inc.

*

15,537

216,430

Deluxe

Corp.

13,693

266,877

Denali

Therapeutics,

Inc.

*

36,963

1,076,732

Design

Therapeutics,

Inc.

*

9,609

51,696

Dianthus

Therapeutics,

Inc.

*

7,066

193,467

Disc

Medicine,

Inc.

*

5,806

285,307

Distribution

Solutions

Group,

Inc.

*

3,106

119,612

DLH

Holdings

Corp.

*

2,201

20,601

DocGo,

Inc.

*

30,030

99,700

Dole

PLC

22,499

366,509

Driven

Brands

Holdings,

Inc.

*

17,791

253,878

Duckhorn

Portfolio,

Inc.

*

15,427

89,631

Dynavax

Technologies

Corp.

*

39,224

436,955

Dyne

Therapeutics,

Inc.

*

23,976

861,218

Edgewell

Personal

Care

Co.

14,742

535,724

Edgewise

Therapeutics,

Inc.

*

21,554

575,276

Editas

Medicine,

Inc.

*

26,690

91,013

Elevation

Oncology,

Inc.

*

15,031

9,017

Eliem

Therapeutics,

Inc.

*

8,096

41,209

Embecta

Corp.

17,007

239,799

Emerald

Holding,

Inc.

3,581

17,869

Enanta

Pharmaceuticals,

Inc.

*

5,538

57,374

Enhabit,

Inc.

*

15,371

121,431

Enliven

Therapeutics,

Inc.

*

10,445

266,765

Ennis,

Inc.

7,255

176,442

Ensign

Group,

Inc.

16,531

2,377,488

Entrada

Therapeutics,

Inc.

*

7,266

116,111

Erasca,

Inc.

*

50,964

139,132

Esperion

Therapeutics,

Inc.

*

55,960

92,334

European

Wax

Center,

Inc.

Class A *

9,951

67,667

EVERTEC,

Inc.

18,970

642,893

Evolus,

Inc.

*

16,355

264,951

EyePoint

Pharmaceuticals,

Inc.

*

14,906

119,099

Fate

Therapeutics,

Inc.

*

30,002

105,007

Fennec

Pharmaceuticals,

Inc.

*

(Canada) 

8,036

40,180

141

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Fibrobiologics,

Inc.

*

7,325

$

22,634

First

Advantage

Corp.

*

14,957

296,896

FiscalNote

Holdings,

Inc.

*

17,475

22,368

Flywire

Corp.

*

35,938

589,024

Foghorn

Therapeutics,

Inc.

*

6,597

61,418

Forafric

Global

PLC

*

(Gibraltar) 

571

6,475

Forrester

Research,

Inc.

*

3,244

58,424

Fractyl

Health,

Inc.

*

8,786

22,229

Franklin

Covey

Co.

*

3,006

123,637

Fresh

Del

Monte

Produce,

Inc.

9,668

285,593

Fulcrum

Therapeutics,

Inc.

*

18,473

65,949

Fulgent

Genetics,

Inc.

*

6,073

131,966

Galectin

Therapeutics,

Inc.

*

9,083

24,978

GeneDx

Holdings

Corp.

*

3,644

154,651

Generation

Bio

Co.

*

13,156

32,495

GEO

Group,

Inc.

*

37,076

476,427

Geron

Corp.

*

170,461

773,893

Glaukos

Corp.

*

14,595

1,901,437

Graham

Holdings

Co.

Class B 

960

788,851

Green

Dot

Corp.

Class A *

13,260

155,275

Greenwich

Lifesciences,

Inc.

*

1,743

25,047

Guardant

Health,

Inc.

*

34,734

796,798

Gyre

Therapeutics,

Inc.

*

2,174

27,262

Hackett

Group,

Inc.

7,514

197,393

Haemonetics

Corp.

*

14,805

1,190,026

Hain

Celestial

Group,

Inc.

*

25,272

218,097

Halozyme

Therapeutics,

Inc.

*

37,039

2,120,112

Harmony

Biosciences

Holdings,

Inc.

*

9,067

362,680

Harrow,

Inc.

*

9,054

407,068

Harvard

Bioscience,

Inc.

*

9,903

26,639

Healthcare

Services

Group,

Inc.

*

22,199

247,963

HealthEquity,

Inc.

*

25,215

2,063,848

Heidrick

&

Struggles

International,

Inc.

6,210

241,321

Helen

of

Troy

Ltd.

*

6,677

412,972

Herbalife

Ltd.

*

28,153

202,420

Herc

Holdings,

Inc.

8,413

1,341,285

Heron

Therapeutics,

Inc.

*

35,437

70,520

Hertz

Global

Holdings,

Inc.

*

37,100

122,430

HF

Foods

Group,

Inc.

*

10,129

36,161

HilleVax,

Inc.

*

9,296

16,361

HireQuest,

Inc.

1,321

18,705

Honest

Co.,

Inc.

*

23,762

84,830

Humacyte,

Inc.

*

26,336

143,268

Huron

Consulting

Group,

Inc.

*

5,157

560,566

ICF

International,

Inc.

5,539

923,850

ICU

Medical,

Inc.

*

6,368

1,160,377

Ideaya

Biosciences,

Inc.

*

24,341

771,123

IGM

Biosciences,

Inc.

*

4,889

80,864

ImmunityBio,

Inc.

*

40,972

152,416

Immunome,

Inc.

*

15,262

223,130

Immunovant,

Inc.

*

17,261

492,111

Inari

Medical,

Inc.

*

15,820

652,417

Information

Services

Group,

Inc.

9,851

32,508

InfuSystem

Holdings,

Inc.

*

3,934

26,358

Ingles

Markets,

Inc.

Class A 

4,395

327,867

Inhibrx

Biosciences,

Inc.

*

3,819

59,806

Inmode

Ltd.

*

24,050

407,647

Inmune

Bio,

Inc.

*

3,634

19,587

Innovage

Holding

Corp.

*

5,223

31,338

Innoviva,

Inc.

*

16,148

311,818

Inogen,

Inc.

*

6,640

64,408

Inovio

Pharmaceuticals,

Inc.

*

7,663

44,292

Inozyme

Pharma,

Inc.

*

14,023

73,340

Insmed,

Inc.

*

46,604

3,402,092

a

Shares

Value

Insperity,

Inc.

10,677

$

939,576

Integer

Holdings

Corp.

*

9,909

1,288,170

Integra

LifeSciences

Holdings

Corp.

*

20,343

369,632

Intellia

Therapeutics,

Inc.

*

28,736

590,525

Inter

Parfums,

Inc.

5,393

698,286

Invivyd,

Inc.

*

23,254

23,719

Iovance

Biotherapeutics,

Inc.

*

75,205

706,175

iRadimed

Corp.

2,073

104,251

iRhythm

Technologies,

Inc.

*

9,278

688,799

Ironwood

Pharmaceuticals,

Inc.

*

43,165

177,840

Ispire

Technology,

Inc.

*

5,028

31,199

iTeos

Therapeutics,

Inc.

*

8,128

82,987

J&J

Snack

Foods

Corp.

4,513

776,778

Janux

Therapeutics,

Inc.

*

8,331

378,477

Jasper

Therapeutics,

Inc.

*

3,370

63,390

John

B

Sanfilippo

&

Son,

Inc.

2,563

241,717

John

Wiley

&

Sons,

Inc.

Class A 

10,801

521,148

Joint

Corp.

*

3,930

44,959

KalVista

Pharmaceuticals,

Inc.

*

11,394

131,943

Kelly

Services,

Inc.

Class A 

9,706

207,805

Keros

Therapeutics,

Inc.

*

8,759

508,635

Kforce,

Inc.

5,690

349,650

Kiniksa

Pharmaceuticals

International

PLC

*

11,051

276,164

Kodiak

Sciences,

Inc.

*

9,520

24,847

Korn

Ferry

15,384

1,157,492

Korro

Bio,

Inc.

*

1,808

60,423

Krispy

Kreme,

Inc.

26,158

280,937

Krystal

Biotech,

Inc.

*

7,359

1,339,559

Kura

Oncology,

Inc.

*

21,951

428,923

Kymera

Therapeutics,

Inc.

*

13,244

626,839

Kyverna

Therapeutics,

Inc.

*

5,009

24,494

Lancaster

Colony

Corp.

5,747

1,014,748

Lantheus

Holdings,

Inc.

*

20,409

2,239,888

Larimar

Therapeutics,

Inc.

*

12,506

81,914

Laureate

Education,

Inc.

39,911

662,922

Legalzoom.com,

Inc.

*

40,919

259,836

LeMaitre

Vascular,

Inc.

6,002

557,526

LENZ

Therapeutics,

Inc.

3,768

89,452

Lexeo

Therapeutics,

Inc.

*

6,843

61,861

Lexicon

Pharmaceuticals,

Inc.

*

37,485

58,851

Lifecore

Biomedical,

Inc.

*

6,103

30,088

LifeStance

Health

Group,

Inc.

*

40,368

282,576

Lifeway

Foods,

Inc.

*

1,705

44,194

Ligand

Pharmaceuticals,

Inc.

*

5,075

507,957

Limoneira

Co.

5,022

133,083

Lincoln

Educational

Services

Corp.

*

8,445

100,833

Lineage

Cell

Therapeutics,

Inc.

*

55,615

50,348

Liquidia

Corp.

*

17,110

171,100

LivaNova

PLC

*

16,195

850,885

LiveRamp

Holdings,

Inc.

*

19,445

481,847

Longboard

Pharmaceuticals,

Inc.

*

9,609

320,268

Lyell

Immunopharma,

Inc.

*

48,670

67,165

MacroGenics,

Inc.

*

17,528

57,667

Madrigal

Pharmaceuticals,

Inc.

*

5,204

1,104,393

Mama's

Creations,

Inc.

*

9,408

68,678

MannKind

Corp.

*

76,974

484,166

Maravai

LifeSciences

Holdings,

Inc.

Class A *

32,901

273,407

MarketWise,

Inc.

8,455

5,650

Marqeta,

Inc.

Class A *

139,640

687,029

Matthews

International

Corp.

Class A 

8,838

205,042

MaxCyte,

Inc.

*

30,973

120,485

Medifast,

Inc.

3,048

58,339

MediWound

Ltd.

*

(Israel) 

2,297

41,484

142

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

MeiraGTx

Holdings

PLC

*

14,225

$

59,318

Merit

Medical

Systems,

Inc.

*

16,911

1,671,314

Mersana

Therapeutics,

Inc.

*

33,292

62,922

MGP

Ingredients,

Inc.

4,252

353,979

MiMedx

Group,

Inc.

*

35,130

207,618

Mind

Medicine

MindMed,

Inc.

*

21,449

122,045

Mineralys

Therapeutics,

Inc.

*

8,546

103,492

Mirum

Pharmaceuticals,

Inc.

*

11,569

451,191

Mission

Produce,

Inc.

*

12,906

165,455

Mister

Car

Wash,

Inc.

*

27,801

180,985

ModivCare,

Inc.

*

3,706

52,922

Moneylion,

Inc.

*

2,545

105,745

Monro,

Inc.

8,610

248,485

Monte

Rosa

Therapeutics,

Inc.

*

12,275

65,057

Myriad

Genetics,

Inc.

*

26,604

728,684

Nano-X

Imaging

Ltd.

*

(Israel) 

17,942

109,087

Nathan's

Famous,

Inc.

756

61,160

National

Beverage

Corp.

6,740

316,376

National

HealthCare

Corp.

3,691

464,217

National

Research

Corp.

3,989

91,189

Natural

Grocers

by

Vitamin

Cottage,

Inc.

Class C 

2,889

85,774

Nature's

Sunshine

Products,

Inc.

*

4,571

62,257

Nautilus

Biotechnology,

Inc.

SPAC

*

13,513

38,512

Nektar

Therapeutics

*

53,044

68,957

Neogen

Corp.

*

64,746

1,088,380

NeoGenomics,

Inc.

*

38,187

563,258

Neumora

Therapeutics,

Inc.

*

24,854

328,321

Neurogene,

Inc.

*

3,044

127,726

NeuroPace,

Inc.

*

3,938

27,448

Nevro

Corp.

*

11,154

62,351

Nkarta,

Inc.

*

15,785

71,348

Novavax,

Inc.

*

42,023

530,750

Novocure

Ltd.

*

31,138

486,687

Nurix

Therapeutics,

Inc.

*

18,952

425,851

Nuvalent,

Inc.

Class A *

10,245

1,048,063

Nuvation

Bio,

Inc.

*

54,798

125,487

Ocugen,

Inc.

*

76,214

75,620

Ocular

Therapeutix,

Inc.

*

46,191

401,862

Olaplex

Holdings,

Inc.

*

41,466

97,445

Olema

Pharmaceuticals,

Inc.

*

11,922

142,349

Omeros

Corp.

*

16,105

63,937

OmniAb,

Inc.

*

25,109

106,211

Omnicell,

Inc.

*

13,653

595,271

OPKO

Health,

Inc.

*

97,410

145,141

Option

Care

Health,

Inc.

*

50,792

1,589,790

OraSure

Technologies,

Inc.

*

20,519

87,616

Orchestra

BioMed

Holdings,

Inc.

*

7,508

38,591

Organogenesis

Holdings,

Inc.

*

20,902

59,780

ORIC

Pharmaceuticals,

Inc.

*

18,260

187,165

Orthofix

Medical,

Inc.

*

9,501

148,406

OrthoPediatrics

Corp.

*

4,913

133,191

Oscar

Health,

Inc.

Class A *

57,799

1,225,917

Outlook

Therapeutics,

Inc.

*

5,927

31,650

Ovid

therapeutics,

Inc.

*

14,981

17,678

Owens

&

Minor,

Inc.

*

22,714

356,383

Pacific

Biosciences

of

California,

Inc.

*

85,551

145,437

Pacira

BioSciences,

Inc.

*

13,608

204,800

PACS

Group,

Inc.

*

11,558

461,973

Paragon

28,

Inc.

*

12,773

85,324

Patterson

Cos.,

Inc.

23,199

506,666

Payoneer

Global,

Inc.

*

71,279

536,731

Paysafe

Ltd.

*

10,124

227,081

Pediatrix

Medical

Group,

Inc.

*

24,047

278,705

a

Shares

Value

Pennant

Group,

Inc.

*

8,602

$

307,091

PepGen,

Inc.

*

4,759

40,689

Perdoceo

Education

Corp.

18,617

414,042

Performant

Financial

Corp.

*

23,377

87,430

Perspective

Therapeutics,

Inc.

*

15,790

210,797

PetIQ,

Inc.

*

7,735

238,006

Phathom

Pharmaceuticals,

Inc.

*

10,575

191,196

Phibro

Animal

Health

Corp.

Class A 

6,238

140,480

Pliant

Therapeutics,

Inc.

*

16,815

188,496

Poseida

Therapeutics,

Inc.

*

17,865

51,094

Praxis

Precision

Medicines,

Inc.

*

5,101

293,512

Precigen,

Inc.

*

34,261

32,449

Prelude

Therapeutics,

Inc.

*

1,928

3,991

Prestige

Consumer

Healthcare,

Inc.

*

14,666

1,057,419

Prime

Medicine,

Inc.

*

17,031

65,910

Primo

Water

Corp.

47,123

1,189,856

Priority

Technology

Holdings,

Inc.

*

6,741

46,041

PROCEPT

BioRobotics

Corp.

*

12,594

1,009,031

PROG

Holdings,

Inc.

12,261

594,536

Progyny,

Inc.

*

25,026

419,436

ProKidney

Corp.

*

31,863

61,177

Protagonist

Therapeutics,

Inc.

*

17,367

781,515

Prothena

Corp.

PLC

*

(Ireland) 

12,399

207,435

PTC

Therapeutics,

Inc.

*

22,420

831,782

Pulmonx

Corp.

*

10,089

83,638

Pulse

Biosciences,

Inc.

*

5,237

91,857

Puma

Biotechnology,

Inc.

*

12,338

31,462

Pyxis

Oncology,

Inc.

*

14,305

52,499

Q32

Bio,

Inc.

*

1,821

81,253

Quad/Graphics,

Inc.

10,046

45,609

Quanex

Building

Products

Corp.

12,986

360,362

Quanterix

Corp.

*

10,343

134,045

Quantum-Si,

Inc.

*

29,849

26,333

Quipt

Home

Medical

Corp.

*

8,631

25,203

RadNet,

Inc.

*

19,782

1,372,673

Rapport

Therapeutics,

Inc.

*

2,553

52,285

RAPT

Therapeutics,

Inc.

*

8,381

16,846

Recursion

Pharmaceuticals,

Inc.

Class A *

70,341

463,547

REGENXBIO,

Inc.

*

13,719

143,912

Regulus

Therapeutics,

Inc.

*

18,343

28,799

Relay

Therapeutics,

Inc.

*

29,959

212,110

Remitly

Global,

Inc.

*

43,255

579,184

Renovaro,

Inc.

*

13,884

6,710

Repay

Holdings

Corp.

*

27,229

222,189

Replimune

Group,

Inc.

*

16,837

184,534

Resources

Connection,

Inc.

9,146

88,716

Revance

Therapeutics,

Inc.

*

32,331

167,798

REVOLUTION

Medicines,

Inc.

*

45,213

2,050,410

Rhythm

Pharmaceuticals,

Inc.

*

16,281

852,962

Rigel

Pharmaceuticals,

Inc.

*

4,675

75,642

Rocket

Pharmaceuticals,

Inc.

*

19,639

362,732

RxSight,

Inc.

*

10,548

521,388

Sage

Therapeutics,

Inc.

*

16,627

120,047

Sana

Biotechnology,

Inc.

*

39,507

164,349

Sanara

Medtech,

Inc.

*

1,501

45,390

Savara,

Inc.

*

30,788

130,541

Scholar

Rock

Holding

Corp.

*

20,460

163,885

Scilex

Holding

Co.

*

18,410

17,022

scPharmaceuticals,

Inc.

*

7,529

34,332

Select

Medical

Holdings

Corp.

32,272

1,125,325

Semler

Scientific,

Inc.

*

1,180

27,789

Seneca

Foods

Corp.

Class A *

1,565

97,546

Sera

Prognostics,

Inc.

Class A *

8,072

62,962

Sezzle,

Inc.

*

710

121,119

143

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Shattuck

Labs,

Inc.

*

11,744

$

40,987

SI-BONE,

Inc.

*

12,799

178,930

SIGA

Technologies,

Inc.

13,267

89,552

Simply

Good

Foods

Co.

*

27,003

938,894

Skye

Bioscience,

Inc.

*

4,964

19,409

Soleno

Therapeutics,

Inc.

*

6,986

352,723

Solid

Biosciences,

Inc.

*

6,774

47,215

Sonida

Senior

Living,

Inc.

*

992

26,526

SoundThinking,

Inc.

*

2,294

26,587

SpartanNash

Co.

9,224

206,710

Spire

Global,

Inc.

*

6,605

65,984

SpringWorks

Therapeutics,

Inc.

*

20,439

654,866

Sprouts

Farmers

Market,

Inc.

*

29,879

3,298,940

Spyre

Therapeutics,

Inc.

*

10,183

299,482

STAAR

Surgical

Co.

*

14,708

546,402

Stereotaxis,

Inc.

*

16,233

33,115

Sterling

Check

Corp.

*

9,876

165,127

Stoke

Therapeutics,

Inc.

*

10,627

130,606

StoneCo

Ltd.

Class A *

(Brazil) 

85,365

961,210

Strategic

Education,

Inc.

6,610

611,756

Stride,

Inc.

*

12,636

1,077,977

Summit

Therapeutics,

Inc.

*

26,185

573,451

SunOpta,

Inc.

*

(Canada) 

27,618

176,203

Supernus

Pharmaceuticals,

Inc.

*

14,938

465,767

Surgery

Partners,

Inc.

*

23,003

741,617

Surmodics,

Inc.

*

4,321

167,568

Sutro

Biopharma,

Inc.

*

24,356

84,272

Syndax

Pharmaceuticals,

Inc.

*

24,494

471,509

Tactile

Systems

Technology,

Inc.

*

6,465

94,454

Tandem

Diabetes

Care,

Inc.

*

19,171

813,042

Tango

Therapeutics,

Inc.

*

13,530

104,181

Target

Hospitality

Corp.

*

10,917

84,934

Tarsus

Pharmaceuticals,

Inc.

*

10,931

359,521

Taysha

Gene

Therapies,

Inc.

*

47,466

95,407

Tejon

Ranch

Co.

*

5,981

104,967

Teladoc

Health,

Inc.

*

50,915

467,400

Tenaya

Therapeutics,

Inc.

*

19,922

38,449

Terns

Pharmaceuticals,

Inc.

*

17,215

143,573

TG

Therapeutics,

Inc.

*

41,513

970,989

Theravance

Biopharma,

Inc.

*

11,407

91,940

Third

Harmonic

Bio,

Inc.

*

5,215

70,663

Tourmaline

Bio,

Inc.

6,839

175,831

Transcat,

Inc.

*

2,540

306,756

TransMedics

Group,

Inc.

*

9,553

1,499,821

Travere

Therapeutics,

Inc.

*

21,279

297,693

Treace

Medical

Concepts,

Inc.

*

13,365

77,517

TreeHouse

Foods,

Inc.

*

13,994

587,468

Trevi

Therapeutics,

Inc.

*

19,139

63,924

TriNet

Group,

Inc.

9,465

917,821

TrueBlue,

Inc.

*

10,105

79,728

TScan

Therapeutics,

Inc.

*

11,225

55,900

Turning

Point

Brands,

Inc.

5,078

219,116

Twist

Bioscience

Corp.

*

17,009

768,467

Tyra

Biosciences,

Inc.

*

6,032

141,812

U.S.

Physical

Therapy,

Inc.

4,429

374,826

Udemy,

Inc.

*

28,389

211,214

UFP

Technologies,

Inc.

*

2,152

681,538

United

Natural

Foods,

Inc.

*

17,979

302,407

Universal

Corp.

7,389

392,430

Universal

Technical

Institute,

Inc.

*

12,267

199,461

Upbound

Group,

Inc.

15,976

511,072

UroGen

Pharma

Ltd.

*

10,167

129,121

USANA

Health

Sciences,

Inc.

*

3,439

130,407

Utah

Medical

Products,

Inc.

985

65,906

a

Shares

Value

Utz

Brands,

Inc.

19,823

$

350,867

Vanda

Pharmaceuticals,

Inc.

*

17,822

83,585

Varex

Imaging

Corp.

*

11,001

131,132

Vaxcyte,

Inc.

*

35,459

4,051,900

Vector

Group

Ltd.

43,832

653,973

Ventyx

Biosciences,

Inc.

*

21,613

47,116

Vera

Therapeutics,

Inc.

*

11,860

524,212

Veracyte,

Inc.

*

23,068

785,235

Verastem,

Inc.

*

7,823

23,391

Vericel

Corp.

*

14,401

608,442

Verra

Mobility

Corp.

*

49,596

1,379,265

Verrica

Pharmaceuticals,

Inc.

*

5,294

7,676

Veru,

Inc.

*

38,792

29,831

Verve

Therapeutics,

Inc.

*

22,822

110,458

Viad

Corp.

*

6,376

228,452

Viemed

Healthcare,

Inc.

*

10,708

78,490

Village

Super

Market,

Inc.

Class A 

2,310

73,435

Vir

Biotechnology,

Inc.

*

27,381

205,084

Viridian

Therapeutics,

Inc.

*

18,671

424,765

Vita

Coco

Co.,

Inc.

*

11,338

320,979

Vital

Farms,

Inc.

*

9,657

338,671

Voyager

Therapeutics,

Inc.

*

13,780

80,613

Waldencast

PLC

Class A *

9,286

33,801

WaVe

Life

Sciences

Ltd.

*

24,643

202,073

WD-40

Co.

4,015

1,035,388

Weis

Markets,

Inc.

4,876

336,103

Werewolf

Therapeutics,

Inc.

*

9,216

19,538

Westrock

Coffee

Co.

*

9,330

60,645

Willdan

Group,

Inc.

*

3,988

163,309

WK

Kellogg

Co.

19,404

332,002

X4

Pharmaceuticals,

Inc.

*

56,085

37,538

XBiotech,

Inc.

*

5,339

41,270

Xencor,

Inc.

*

17,802

357,998

Xeris

Biopharma

Holdings,

Inc.

*

38,562

109,902

XOMA

Royalty

Corp.

*

2,512

66,518

Y-mAbs

Therapeutics,

Inc.

*

11,696

153,802

Zentalis

Pharmaceuticals,

Inc.

*

15,891

58,479

Zevra

Therapeutics,

Inc.

*

13,892

96,410

Zimvie,

Inc.

*

8,158

129,467

ZipRecruiter,

Inc.

Class A *

20,165

191,567

Zura

Bio

Ltd.

*

(United

Kingdom) 

12,573

51,046

Zymeworks,

Inc.

*

15,887

199,382

Zynex,

Inc.

*

4,390

35,822

190,208,814

Energy

-

5.1%

spacing

Aemetis,

Inc.

*

10,866

24,992

Alpha

Metallurgical

Resources,

Inc.

3,271

772,545

Amplify

Energy

Corp.

*

13,183

86,085

Arch

Resources,

Inc.

5,264

727,274

Archrock,

Inc.

49,309

998,014

Aris

Water

Solutions,

Inc.

Class A 

8,175

137,912

Array

Technologies,

Inc.

*

45,450

299,970

ASP

Isotopes,

Inc.

*

11,880

33,026

Atlas

Energy

Solutions,

Inc.

20,067

437,461

Berry

Corp.

22,531

115,809

Borr

Drilling

Ltd.

*

(Mexico) 

70,222

385,519

Bristow

Group,

Inc.

*

7,263

251,954

California

Resources

Corp.

20,405

1,070,650

ChampionX

Corp.

56,448

1,701,907

CNX

Resources

Corp.

*

43,762

1,425,328

Comstock

Resources,

Inc.

27,337

304,261

CONSOL

Energy,

Inc.

8,704

910,874

Core

Laboratories,

Inc.

13,301

246,468

144

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Crescent

Energy

Co.

Class A 

42,705

$

467,620

CVR

Energy,

Inc.

10,769

248,010

Delek

U.S.

Holdings,

Inc.

19,684

369,075

Diversified

Energy

Co.

PLC

~

13,829

157,374

DMC

Global,

Inc.

*

5,294

68,716

DNOW,

Inc.

*

32,106

415,131

Drilling

Tools

International

Corp.

*

4,069

15,177

Empire

Petroleum

Corp.

*

3,211

16,858

Energy

Vault

Holdings,

Inc.

*

27,544

26,442

Evolution

Petroleum

Corp.

7,880

41,843

Excelerate

Energy,

Inc.

Class A 

5,325

117,203

Expro

Group

Holdings

NV

*

28,139

483,147

Fluence

Energy,

Inc.

*

18,203

413,390

Forum

Energy

Technologies,

Inc.

*

3,582

55,378

Freyr

Battery,

Inc.

*

(Norway) 

33,198

32,205

FuelCell

Energy,

Inc.

*

127,123

48,307

FutureFuel

Corp.

7,097

40,808

Geospace

Technologies

Corp.

*

3,609

37,317

Golar

LNG

Ltd.

(Cameroon) 

29,365

1,079,457

Granite

Ridge

Resources,

Inc.

14,859

88,263

Green

Plains,

Inc.

*

16,719

226,375

Gulfport

Energy

Corp.

*

3,792

573,919

Hallador

Energy

Co.

*

6,693

63,115

Helix

Energy

Solutions

Group,

Inc.

*

44,013

488,544

Helmerich

&

Payne,

Inc.

29,019

882,758

HighPeak

Energy,

Inc.

4,432

61,516

Innovex

International,

Inc.

*

9,669

141,941

Kinetik

Holdings,

Inc.

11,401

516,009

Kodiak

Gas

Services,

Inc.

6,107

177,103

Kosmos

Energy

Ltd.

*

(Ghana) 

138,839

559,521

Liberty

Energy,

Inc.

47,971

915,766

Magnolia

Oil

&

Gas

Corp.

Class A 

50,962

1,244,492

Mammoth

Energy

Services,

Inc.

*

5,587

22,851

Matrix

Service

Co.

*

7,942

91,571

Montauk

Renewables,

Inc.

*

18,769

97,787

Murphy

Oil

Corp.

43,572

1,470,119

Nabors

Industries

Ltd.

*

2,813

181,354

NACCO

Industries,

Inc.

Class A 

1,080

30,618

Natural

Gas

Services

Group,

Inc.

*

3,012

57,559

Newpark

Resources,

Inc.

*

24,595

170,443

NextDecade

Corp.

*

34,204

161,101

Noble

Corp.

PLC

40,649

1,469,055

Northern

Oil

&

Gas,

Inc.

29,442

1,042,541

Oceaneering

International,

Inc.

*

30,213

751,397

Oil

States

International,

Inc.

*

17,196

79,102

Par

Pacific

Holdings,

Inc.

*

17,262

303,811

Patterson-UTI

Energy,

Inc.

116,182

888,792

PBF

Energy,

Inc.

Class A 

30,813

953,662

Peabody

Energy

Corp.

38,126

1,011,864

Plug

Power,

Inc.

*

219,660

496,432

Prairie

Operating

Co.

*

2,006

17,573

PrimeEnergy

Resources

Corp.

*

255

35,139

ProFrac

Holding

Corp.

Class A *

6,958

47,245

ProPetro

Holding

Corp.

*

26,646

204,108

Ramaco

Resources,

Inc.

Class A 

8,032

93,975

Ramaco

Resources,

Inc.

Class B 

1,237

13,310

Ranger

Energy

Services,

Inc.

4,423

52,678

REX

American

Resources

Corp.

*

4,690

217,100

Riley

Exploration

Permian,

Inc.

3,364

89,112

Ring

Energy,

Inc.

*

43,769

70,030

RPC,

Inc.

27,041

171,981

Sable

Offshore

Corp.

*

14,465

341,808

SandRidge

Energy,

Inc.

9,662

118,166

SEACOR

Marine

Holdings,

Inc.

*

7,771

74,990

a

Shares

Value

Seadrill

Ltd.

*

(Norway) 

20,395

$

810,497

Select

Water

Solutions,

Inc.

27,266

303,471

Shoals

Technologies

Group,

Inc.

Class A *

51,075

286,531

Sitio

Royalties

Corp.

Class A 

23,296

485,489

SM

Energy

Co.

34,553

1,381,084

Solaris

Energy

Infrastructure,

Inc.

6,984

89,116

Stem,

Inc.

*

37,641

13,107

SunCoke

Energy,

Inc.

25,588

222,104

Sunnova

Energy

International,

Inc.

*

31,753

309,274

Sunrun,

Inc.

*

64,895

1,172,004

Talos

Energy,

Inc.

*

44,078

456,207

TETRA

Technologies,

Inc.

*

34,967

108,398

Tidewater,

Inc.

*

14,452

1,037,509

TPI

Composites,

Inc.

*

11,297

51,401

Transocean

Ltd.

*

216,915

921,889

VAALCO

Energy,

Inc.

29,593

169,864

Valaris

Ltd.

*

18,448

1,028,476

Verde

Clean

Fuels,

Inc.

*

1,130

4,509

Vital

Energy,

Inc.

*

8,537

229,645

Vitesse

Energy,

Inc.

7,534

180,967

W&T

Offshore,

Inc.

26,922

57,882

Warrior

Met

Coal,

Inc.

15,368

982,015

41,131,542

Financial

-

24.0%

spacing

1st

Source

Corp.

5,965

357,184

Acadia

Realty

Trust

REIT

30,735

721,658

ACNB

Corp.

2,826

123,411

AFC

Gamma,

Inc.

REIT

6,276

64,078

AG

Mortgage

Investment

Trust,

Inc.

REIT

8,637

64,864

Alerus

Financial

Corp.

5,194

118,839

Alexander

&

Baldwin,

Inc.

REIT

22,005

422,496

Alexander's,

Inc.

REIT

658

159,473

Alpine

Income

Property

Trust,

Inc.

REIT

3,888

70,762

AlTi

Global,

Inc.

*

9,827

36,753

Amalgamated

Financial

Corp.

6,014

188,659

Ambac

Financial

Group,

Inc.

*

14,044

157,433

Amerant

Bancorp,

Inc.

8,917

190,556

American

Assets

Trust,

Inc.

REIT

14,667

391,902

American

Coastal

Insurance

Corp.

Class C *

7,431

83,747

American

Healthcare

REIT,

Inc.

24,775

646,628

American

Realty

Investors,

Inc.

*

308

5,402

Ameris

Bancorp

19,544

1,219,350

AMERISAFE,

Inc.

5,435

262,674

Ames

National

Corp.

3,072

56,003

Angel

Oak

Mortgage

REIT,

Inc.

3,681

38,393

Anywhere

Real

Estate,

Inc.

*

28,052

142,504

Apartment

Investment

&

Management

Co.

Class A REIT

*

43,546

393,656

Apollo

Commercial

Real

Estate

Finance,

Inc.

REIT

43,164

396,677

Apple

Hospitality

REIT,

Inc.

69,383

1,030,338

Arbor

Realty

Trust,

Inc.

REIT

44,628

694,412

ARES

Commercial

Real

Estate

Corp.

REIT

17,752

124,264

Armada

Hoffler

Properties,

Inc.

REIT

20,791

225,167

ARMOUR

Residential

REIT,

Inc.

14,947

304,919

Arrow

Financial

Corp.

5,301

151,927

Artisan

Partners

Asset

Management,

Inc.

Class A 

18,706

810,344

Associated

Banc-Corp.

45,465

979,316

Atlantic

Union

Bankshares

Corp.

25,773

970,869

Atlanticus

Holdings

Corp.

*

2,123

74,475

Axos

Financial,

Inc.

*

16,224

1,020,165

145

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

B

Riley

Financial,

Inc.

5,893

$

30,938

Baldwin

Insurance

Group,

Inc.

*

19,637

977,923

Banc

of

California,

Inc.

42,030

619,102

BancFirst

Corp.

5,927

623,817

Banco

Latinoamericano

de

Comercio

Exterior

SA

(Panama) 

8,087

262,747

Bancorp,

Inc.

*

13,708

733,378

Bank

First

Corp.

2,781

252,237

Bank

of

Hawaii

Corp.

11,170

701,141

Bank

of

Marin

Bancorp

4,931

99,064

Bank

of

NT

Butterfield

&

Son

Ltd.

(Bermuda) 

14,539

536,198

Bank7

Corp.

1,325

49,648

BankUnited,

Inc.

21,640

788,562

Bankwell

Financial

Group,

Inc.

1,898

56,845

Banner

Corp.

9,802

583,807

Bar

Harbor

Bankshares

5,177

159,659

BayCom

Corp.

3,365

79,818

BCB

Bancorp,

Inc.

4,808

59,331

Berkshire

Hills

Bancorp,

Inc.

11,394

306,840

BGC

Group,

Inc.

Class A 

103,601

951,057

Bit

Digital,

Inc.

*

35,271

123,801

Blackstone

Mortgage

Trust,

Inc.

Class A REIT

51,668

982,209

Blue

Foundry

Bancorp

*

7,307

74,897

Bowhead

Specialty

Holdings,

Inc.

*

1,703

47,701

Braemar

Hotels

&

Resorts,

Inc.

REIT

18,208

56,263

Brandywine

Realty

Trust

REIT

48,359

263,073

Bread

Financial

Holdings,

Inc.

8,017

381,449

Bridgewater

Bancshares,

Inc.

*

6,000

85,020

Brightsphere

Investment

Group,

Inc.

8,621

218,973

BrightSpire

Capital,

Inc.

REIT

41,350

231,560

Broadstone

Net

Lease,

Inc.

REIT

56,573

1,072,058

Brookfield

Business

Corp.

Class A (Canada) 

8,177

207,123

Brookline

Bancorp,

Inc.

23,849

240,636

BRT

Apartments

Corp.

REIT

3,643

64,044

Burford

Capital

Ltd.

59,430

788,042

Burke

&

Herbert

Financial

Services

Corp.

4,079

248,778

Business

First

Bancshares,

Inc.

6,954

178,509

Byline

Bancorp,

Inc.

10,293

275,544

Cadence

Bank

46,120

1,468,922

California

BanCorp

*

6,756

99,921

Camden

National

Corp.

4,848

200,319

Cannae

Holdings,

Inc.

17,381

331,282

Capital

Bancorp,

Inc.

3,311

85,126

Capital

City

Bank

Group,

Inc.

4,638

163,675

Capitol

Federal

Financial,

Inc.

33,292

194,425

CareTrust

REIT,

Inc.

42,533

1,312,568

Carter

Bankshares,

Inc.

*

6,979

121,365

Cathay

General

Bancorp

18,802

807,546

CBL

&

Associates

Properties,

Inc.

REIT

7,378

185,926

Centerspace

REIT

4,418

311,336

Central

Pacific

Financial

Corp.

6,796

200,550

Chatham

Lodging

Trust

REIT

15,999

136,311

Chemung

Financial

Corp.

1,216

58,392

Chicago

Atlantic

Real

Estate

Finance,

Inc.

REIT

4,445

68,942

Chimera

Investment

Corp.

REIT

24,326

385,081

ChoiceOne

Financial

Services,

Inc.

2,479

76,626

Cipher

Mining,

Inc.

*

51,385

198,860

Citizens

&

Northern

Corp.

4,459

87,798

Citizens

Financial

Services,

Inc.

1,589

93,354

City

Holding

Co.

4,031

473,199

City

Office

REIT,

Inc.

12,675

74,022

a

Shares

Value

Civista

Bancshares,

Inc.

4,343

$

77,392

Claros

Mortgage

Trust,

Inc.

REIT

26,755

200,395

Cleanspark,

Inc.

*

68,178

636,783

Clipper

Realty,

Inc.

REIT

4,893

27,890

CNB

Financial

Corp.

6,871

165,316

CNO

Financial

Group,

Inc.

31,903

1,119,795

Coastal

Financial

Corp.

*

3,513

189,667

Cohen

&

Steers,

Inc.

8,350

801,182

Colony

Bankcorp,

Inc.

4,665

72,401

Columbia

Financial,

Inc.

*

8,982

153,323

Community

Financial

System,

Inc.

15,318

889,516

Community

Healthcare

Trust,

Inc.

REIT

7,678

139,356

Community

Trust

Bancorp,

Inc.

4,793

238,020

Community

West

Bancshares

5,391

103,831

Compass

Diversified

Holdings

20,334

449,991

Compass,

Inc.

Class A *

112,660

688,353

ConnectOne

Bancorp,

Inc.

10,790

270,290

Consumer

Portfolio

Services,

Inc.

*

2,941

27,587

COPT

Defense

Properties

REIT

34,091

1,033,980

Core

Scientific,

Inc.

*

52,985

628,402

Crawford

&

Co.

Class A 

4,680

51,340

CrossFirst

Bankshares,

Inc.

*

14,475

241,588

CTO

Realty

Growth,

Inc.

REIT

5,841

111,096

Cushman

&

Wakefield

PLC

*

43,347

590,820

Customers

Bancorp,

Inc.

*

8,800

408,760

CVB

Financial

Corp.

39,348

701,181

Dave,

Inc.

*

2,339

93,466

Diamond

Hill

Investment

Group,

Inc.

908

146,742

DiamondRock

Hospitality

Co.

REIT

63,890

557,760

Dime

Community

Bancshares,

Inc.

9,431

271,613

Diversified

Healthcare

Trust

REIT

63,082

264,314

Donegal

Group,

Inc.

Class A 

3,866

56,985

Douglas

Emmett,

Inc.

REIT

30,530

536,412

Dynex

Capital,

Inc.

REIT

22,159

282,749

Eagle

Bancorp,

Inc.

8,284

187,053

Easterly

Government

Properties,

Inc.

REIT

29,455

399,999

Eastern

Bankshares,

Inc.

57,069

935,361

Ellington

Financial,

Inc.

REIT

24,376

314,207

Elme

Communities

REIT

26,400

464,376

Empire

State

Realty

Trust,

Inc.

Class A REIT

40,180

445,194

Employers

Holdings,

Inc.

6,909

331,425

Enact

Holdings,

Inc.

8,878

322,538

Encore

Capital

Group,

Inc.

*

7,130

337,035

Enova

International,

Inc.

*

7,740

648,535

Enstar

Group

Ltd.

*

3,824

1,229,760

Enterprise

Bancorp,

Inc.

3,420

109,303

Enterprise

Financial

Services

Corp.

11,349

581,750

Equity

Bancshares,

Inc.

Class A 

4,782

195,488

Equity

Commonwealth

REIT

*

30,815

613,219

Esquire

Financial

Holdings,

Inc.

2,296

149,722

ESSA

Bancorp,

Inc.

1,983

38,113

Essent

Group

Ltd.

31,148

2,002,505

Essential

Properties

Realty

Trust,

Inc.

REIT

52,074

1,778,327

eXp

World

Holdings,

Inc.

24,399

343,782

F&G

Annuities

&

Life,

Inc.

4,833

216,132

Farmers

&

Merchants

Bancorp,

Inc.

3,857

106,646

Farmers

National

Banc

Corp.

10,473

158,352

Farmland

Partners,

Inc.

REIT

14,033

146,645

FB

Financial

Corp.

10,876

510,411

Federal

Agricultural

Mortgage

Corp.

Class C 

2,774

519,875

Fidelis

Insurance

Holdings

Ltd.

(United

Kingdom) 

15,977

288,545

Fidelity

D&D

Bancorp,

Inc.

1,638

80,819

146

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Financial

Institutions,

Inc.

4,912

$

125,109

First

BanCorp

45,837

970,369

First

Bancorp,

Inc.

3,350

88,172

First

Bancorp/Southern

Pines

NC

11,902

495,004

First

Bancshares,

Inc.

8,963

287,981

First

Bank

6,781

103,071

First

Busey

Corp.

16,612

432,244

First

Business

Financial

Services,

Inc.

2,714

123,731

First

Commonwealth

Financial

Corp.

30,016

514,774

First

Community

Bankshares,

Inc.

5,440

234,736

First

Financial

Bancorp

28,022

706,995

First

Financial

Bankshares,

Inc.

38,620

1,429,326

First

Financial

Corp.

3,820

167,507

First

Financial

Northwest,

Inc.

2,138

48,148

First

Foundation,

Inc.

17,263

107,721

First

Internet

Bancorp

2,523

86,438

First

Interstate

BancSystem,

Inc.

Class A 

24,168

741,474

First

Merchants

Corp.

18,078

672,502

First

Mid

Bancshares,

Inc.

6,896

268,323

First

of

Long

Island

Corp.

6,844

88,082

First

Western

Financial,

Inc.

*

2,110

42,200

Five

Star

Bancorp

5,466

162,504

Flushing

Financial

Corp.

8,348

121,714

Forge

Global

Holdings,

Inc.

*

31,675

41,494

Four

Corners

Property

Trust,

Inc.

REIT

27,975

819,947

Franklin

BSP

Realty

Trust,

Inc.

REIT

24,192

315,948

Franklin

Street

Properties

Corp.

REIT

29,272

51,811

FRP

Holdings,

Inc.

*

3,726

111,258

FS

Bancorp,

Inc.

1,884

83,819

FTAI

Aviation

Ltd.

30,161

4,008,397

FTAI

Infrastructure,

Inc.

29,079

272,179

Fulton

Financial

Corp.

49,733

901,659

FVCBankcorp,

Inc.

*

3,783

49,368

GCM

Grosvenor,

Inc.

Class A 

12,002

135,863

Genworth

Financial,

Inc.

*

122,731

840,707

German

American

Bancorp,

Inc.

8,457

327,709

Getty

Realty

Corp.

REIT

14,888

473,587

Glacier

Bancorp,

Inc.

34,301

1,567,556

Gladstone

Commercial

Corp.

REIT

12,434

201,928

Gladstone

Land

Corp.

REIT

9,528

132,439

Global

Medical

REIT,

Inc.

19,259

190,857

Global

Net

Lease,

Inc.

REIT

61,447

517,384

GoHealth,

Inc.

Class A *

1,146

10,749

Goosehead

Insurance,

Inc.

Class A *

6,675

596,078

Granite

Point

Mortgage

Trust,

Inc.

REIT

15,191

48,155

Great

Southern

Bancorp,

Inc.

2,416

138,461

Greene

County

Bancorp,

Inc.

1,909

58,988

Greenlight

Capital

Re

Ltd.

Class A *

9,339

127,477

Guaranty

Bancshares,

Inc.

2,295

78,902

HA

Sustainable

Infrastructure

Capital,

Inc.

33,459

1,153,332

Hamilton

Insurance

Group

Ltd.

Class B *

(Bermuda) 

11,579

223,938

Hamilton

Lane,

Inc.

Class A 

11,396

1,918,972

Hancock

Whitney

Corp.

25,759

1,318,088

Hanmi

Financial

Corp.

8,694

161,708

HarborOne

Bancorp,

Inc.

12,421

161,225

HBT

Financial,

Inc.

4,606

100,779

HCI

Group,

Inc.

2,463

263,689

Heartland

Financial

USA,

Inc.

12,612

715,100

Heritage

Commerce

Corp.

19,399

191,662

Heritage

Financial

Corp.

9,657

210,233

Heritage

Insurance

Holdings,

Inc.

*

7,076

86,610

Hilltop

Holdings,

Inc.

14,214

457,122

Hingham

Institution

For

Savings

444

108,030

a

Shares

Value

Hippo

Holdings,

Inc.

*

5,980

$

100,942

Home

Bancorp,

Inc.

2,196

97,898

Home

BancShares,

Inc.

58,020

1,571,762

HomeStreet,

Inc.

5,805

91,487

HomeTrust

Bancshares,

Inc.

5,083

173,229

Hope

Bancorp,

Inc.

34,405

432,127

Horace

Mann

Educators

Corp.

11,752

410,732

Horizon

Bancorp,

Inc.

13,443

209,039

Hudson

Pacific

Properties,

Inc.

REIT

40,951

195,746

Hut

8

Corp.

*

(Canada) 

23,917

293,222

Independence

Realty

Trust,

Inc.

REIT

68,011

1,394,225

Independent

Bank

Corp.

(IBCP

US)

6,651

221,811

Independent

Bank

Corp.

(INDB

US)

12,548

741,963

Independent

Bank

Group,

Inc.

10,892

628,033

Industrial

Logistics

Properties

Trust

REIT

19,087

90,854

Innovative

Industrial

Properties,

Inc.

REIT

8,497

1,143,696

International

Bancshares

Corp.

16,260

972,185

International

Money

Express,

Inc.

*

9,325

172,419

InvenTrust

Properties

Corp.

REIT

20,510

581,869

Invesco

Mortgage

Capital,

Inc.

REIT

15,979

150,043

Investar

Holding

Corp.

3,045

59,073

Investors

Title

Co.

373

85,715

Jackson

Financial,

Inc.

Class A 

21,347

1,947,487

James

River

Group

Holdings

Ltd.

8,147

51,082

JBG

SMITH

Properties

REIT

24,980

436,650

John

Marshall

Bancorp,

Inc.

3,207

63,434

Kearny

Financial

Corp.

17,328

119,043

Kennedy-Wilson

Holdings,

Inc.

33,359

368,617

Kingsway

Financial

Services,

Inc.

*

(Canada) 

3,503

29,005

Kite

Realty

Group

Trust

REIT

65,024

1,727,037

KKR

Real

Estate

Finance

Trust,

Inc.

REIT

16,648

205,603

Ladder

Capital

Corp.

REIT

35,582

412,751

Lakeland

Financial

Corp.

6,897

449,133

LCNB

Corp.

4,593

69,217

Legacy

Housing

Corp.

*

3,248

88,833

Lemonade,

Inc.

*

15,422

254,309

LendingClub

Corp.

*

34,024

388,894

LendingTree,

Inc.

*

3,022

175,367

LINKBANCORP,

Inc.

5,909

37,877

Live

Oak

Bancshares,

Inc.

10,562

500,322

LTC

Properties,

Inc.

REIT

12,957

475,392

LXP

Industrial

Trust

REIT

87,285

877,214

Macerich

Co.

REIT

65,118

1,187,752

Maiden

Holdings

Ltd.

*

26,244

46,452

MARA

Holdings,

Inc.

*

81,060

1,314,793

Marcus

&

Millichap,

Inc.

6,964

275,983

Maui

Land

&

Pineapple

Co.,

Inc.

*

2,581

57,943

MBIA,

Inc.

*

12,241

43,700

McGrath

RentCorp

7,193

757,279

Medallion

Financial

Corp.

6,134

49,931

Mercantile

Bank

Corp.

5,019

219,431

Merchants

Bancorp

5,263

236,624

Mercury

General

Corp.

8,289

522,041

Metrocity

Bankshares,

Inc.

5,458

167,124

Metropolitan

Bank

Holding

Corp.

*

3,402

178,877

MFA

Financial,

Inc.

REIT

31,082

395,363

Mid

Penn

Bancorp,

Inc.

5,145

153,475

Middlefield

Banc

Corp.

1,846

53,165

Midland

States

Bancorp,

Inc.

5,969

133,586

MidWestOne

Financial

Group,

Inc.

4,363

124,476

Moelis

&

Co.

Class A 

17,577

1,204,200

Mr.

Cooper

Group,

Inc.

*

19,173

1,767,367

MVB

Financial

Corp.

3,422

66,250

147

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

National

Bank

Holdings

Corp.

Class A 

10,736

$

451,986

National

Bankshares,

Inc.

2,020

60,398

National

Health

Investors,

Inc.

REIT

12,531

1,053,356

Navient

Corp.

24,097

375,672

NB

Bancorp,

Inc.

*

12,063

223,889

NBT

Bancorp,

Inc.

13,659

604,138

Nelnet,

Inc.

Class A 

4,351

492,881

NerdWallet,

Inc.

Class A *

11,013

139,975

NET

Lease

Office

Properties

REIT

4,448

136,198

NETSTREIT

Corp.

REIT

21,562

356,420

New

York

Community

Bancorp,

Inc.

75,529

848,191

New

York

Mortgage

Trust,

Inc.

REIT

25,592

161,997

Newmark

Group,

Inc.

Class A 

39,926

620,051

NewtekOne,

Inc.

6,627

82,572

NexPoint

Diversified

Real

Estate

Trust

REIT

10,032

62,700

Nexpoint

Real

Estate

Finance,

Inc.

REIT

3,070

47,984

NexPoint

Residential

Trust,

Inc.

REIT

6,644

292,402

NI

Holdings,

Inc.

*

2,437

38,212

Nicolet

Bankshares,

Inc.

4,081

390,266

NMI

Holdings,

Inc.

*

23,314

960,304

Northeast

Bank

2,272

175,239

Northeast

Community

Bancorp,

Inc.

3,646

96,437

Northfield

Bancorp,

Inc.

11,077

128,493

Northrim

BanCorp,

Inc.

1,917

136,529

Northwest

Bancshares,

Inc.

35,831

479,419

Norwood

Financial

Corp.

2,376

65,530

Oak

Valley

Bancorp

2,000

53,140

OceanFirst

Financial

Corp.

17,036

316,699

Offerpad

Solutions,

Inc.

*

5,063

20,556

OFG

Bancorp

12,730

571,832

Old

National

Bancorp

96,157

1,794,290

Old

Second

Bancorp,

Inc.

13,970

217,792

One

Liberty

Properties,

Inc.

REIT

4,590

126,409

Onity

Group,

Inc.

*

1,643

52,477

OppFi,

Inc.

4,586

21,692

Orange

County

Bancorp,

Inc.

1,670

100,734

Orchid

Island

Capital,

Inc.

REIT

20,497

168,485

Origin

Bancorp,

Inc.

8,601

276,608

Orion

Office

REIT,

Inc.

15,190

60,760

Orrstown

Financial

Services,

Inc.

5,819

209,251

Outfront

Media,

Inc.

REIT

44,309

814,399

P10,

Inc.

Class A 

10,152

108,728

Pacific

Premier

Bancorp,

Inc.

28,436

715,450

Pagseguro

Digital

Ltd.

Class A *

(Brazil) 

56,974

490,546

Palomar

Holdings,

Inc.

*

7,311

692,132

Paramount

Group,

Inc.

REIT

53,098

261,242

Park

National

Corp.

4,346

730,041

Parke

Bancorp,

Inc.

3,261

68,155

Pathward

Financial,

Inc.

7,074

466,955

Patria

Investments

Ltd.

Class A (Cayman) 

17,018

190,091

Paysign,

Inc.

*

12,228

44,877

PCB

Bancorp

3,596

67,569

Peakstone

Realty

Trust

REIT

11,537

157,249

Peapack-Gladstone

Financial

Corp.

4,894

134,145

Pebblebrook

Hotel

Trust

REIT

35,115

464,571

PennyMac

Financial

Services,

Inc.

7,961

907,315

PennyMac

Mortgage

Investment

Trust

REIT

26,771

381,754

Peoples

Bancorp

of

North

Carolina,

Inc.

1,450

36,815

Peoples

Bancorp,

Inc.

10,331

310,860

Peoples

Financial

Services

Corp.

2,830

132,670

Perella

Weinberg

Partners

15,782

304,750

Phillips

Edison

&

Co.,

Inc.

REIT

36,448

1,374,454

Piedmont

Office

Realty

Trust,

Inc.

Class A REIT

37,119

374,902

a

Shares

Value

Pioneer

Bancorp,

Inc.

*

3,302

$

36,223

Piper

Sandler

Cos.

5,272

1,496,246

PJT

Partners,

Inc.

Class A 

7,096

946,181

Plumas

Bancorp

1,631

66,512

Plymouth

Industrial

REIT,

Inc.

12,039

272,081

Ponce

Financial

Group,

Inc.

*

5,820

68,036

Postal

Realty

Trust,

Inc.

Class A REIT

5,903

86,420

PotlatchDeltic

Corp.

REIT

23,778

1,071,199

PRA

Group,

Inc.

*

11,082

247,794

Preferred

Bank

2,529

202,952

Premier

Financial

Corp.

11,135

261,450

Primis

Financial

Corp.

7,351

89,535

Princeton

Bancorp,

Inc.

1,826

67,525

ProAssurance

Corp.

*

13,737

206,604

Provident

Bancorp,

Inc.

*

4,472

48,253

Provident

Financial

Services,

Inc.

36,974

686,237

QCR

Holdings,

Inc.

4,989

369,336

Radian

Group,

Inc.

42,076

1,459,616

RBB

Bancorp

5,214

120,026

RE/MAX

Holdings,

Inc.

Class A *

4,707

58,602

Ready

Capital

Corp.

REIT

49,422

377,090

Real

Brokerage,

Inc.

*

(Canada) 

28,294

157,032

Red

River

Bancshares,

Inc.

1,555

80,860

Redfin

Corp.

*

34,237

428,990

Redwood

Trust,

Inc.

REIT

38,364

296,554

Regional

Management

Corp.

2,907

95,088

Renasant

Corp.

16,535

537,388

Republic

Bancorp,

Inc.

Class A 

2,481

162,009

Retail

Opportunity

Investments

Corp.

REIT

37,910

596,324

Riot

Platforms,

Inc.

*

84,825

629,402

RLJ

Lodging

Trust

REIT

46,585

427,650

RMR

Group,

Inc.

Class A 

4,505

114,337

Roadzen,

Inc.

*

10,730

12,769

Root,

Inc.

Class A *

2,616

98,832

Ryman

Hospitality

Properties,

Inc.

REIT

17,760

1,904,582

S&T

Bancorp,

Inc.

10,245

429,983

Sabra

Health

Care

REIT,

Inc.

69,634

1,295,889

Safehold,

Inc.

REIT

16,127

423,011

Safety

Insurance

Group,

Inc.

4,406

360,323

Sandy

Spring

Bancorp,

Inc.

13,005

407,967

Saul

Centers,

Inc.

REIT

3,263

136,915

Seacoast

Banking

Corp.

of

Florida

23,619

629,446

Selective

Insurance

Group,

Inc.

18,149

1,693,302

Selectquote,

Inc.

*

38,969

84,563

Service

Properties

Trust

REIT

50,433

229,974

ServisFirst

Bancshares,

Inc.

15,063

1,211,818

Seven

Hills

Realty

Trust

REIT

5,512

75,900

Shore

Bancshares,

Inc.

10,237

143,216

Sierra

Bancorp

4,016

115,982

Silvercrest

Asset

Management

Group,

Inc.

Class A 

2,703

46,600

Simmons

First

National

Corp.

Class A 

35,199

758,186

SiriusPoint

Ltd.

*

(Sweden) 

29,881

428,494

SITE

Centers

Corp.

REIT

14,678

888,019

Sky

Harbour

Group

Corp.

*

3,083

34,036

Skyward

Specialty

Insurance

Group,

Inc.

*

11,152

454,221

SL

Green

Realty

Corp.

REIT

19,721

1,372,779

SmartFinancial,

Inc.

4,807

140,076

South

Plains

Financial,

Inc.

3,775

128,048

Southern

First

Bancshares,

Inc.

*

2,115

72,079

Southern

Missouri

Bancorp,

Inc.

2,955

166,928

Southern

States

Bancshares,

Inc.

2,252

69,204

Southside

Bancshares,

Inc.

8,002

267,507

SouthState

Corp.

22,979

2,233,099

148

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

St.

Joe

Co.

10,587

$

617,328

Star

Holdings

*

3,395

46,987

Stellar

Bancorp,

Inc.

15,441

399,767

StepStone

Group,

Inc.

Class A 

18,531

1,053,117

Sterling

Bancorp,

Inc.

*

5,290

24,070

Stewart

Information

Services

Corp.

7,615

569,145

Stock

Yards

Bancorp,

Inc.

7,636

473,356

StoneX

Group,

Inc.

*

8,283

678,212

Stratus

Properties,

Inc.

*

1,416

36,802

Strawberry

Fields

REIT,

Inc.

2,052

26,040

Summit

Hotel

Properties,

Inc.

REIT

29,249

200,648

Sunrise

Realty

Trust,

Inc.

REIT

1,371

19,729

Sunstone

Hotel

Investors,

Inc.

REIT

61,611

635,826

SWK

Holdings

Corp.

*

1,531

26,471

Tanger,

Inc.

REIT

31,938

1,059,703

Terawulf,

Inc.

*

68,697

321,502

Terreno

Realty

Corp.

REIT

28,490

1,903,987

Texas

Capital

Bancshares,

Inc.

*

13,707

979,502

Third

Coast

Bancshares,

Inc.

*

3,504

93,802

Timberland

Bancorp,

Inc.

2,149

65,029

Tiptree,

Inc.

7,814

152,920

Tompkins

Financial

Corp.

3,821

220,816

Towne

Bank

21,773

719,815

TPG

RE

Finance

Trust,

Inc.

REIT

17,648

150,537

Transcontinental

Realty

Investors,

Inc.

REIT

*

349

10,048

TriCo

Bancshares

9,941

423,984

Triumph

Financial,

Inc.

*

6,330

503,488

Trupanion,

Inc.

*

9,971

418,583

TrustCo

Bank

Corp.

5,333

176,362

Trustmark

Corp.

17,929

570,501

Two

Harbors

Investment

Corp.

REIT

31,129

432,071

UMB

Financial

Corp.

13,621

1,431,703

UMH

Properties,

Inc.

REIT

18,952

372,786

United

Bankshares,

Inc.

39,247

1,456,064

United

Community

Banks,

Inc.

34,291

997,182

United

Fire

Group,

Inc.

6,975

145,987

Uniti

Group,

Inc.

REIT

69,943

394,479

Unity

Bancorp,

Inc.

2,261

77,010

Universal

Health

Realty

Income

Trust

REIT

3,892

178,059

Universal

Insurance

Holdings,

Inc.

7,810

173,070

Univest

Financial

Corp.

8,985

252,838

Upstart

Holdings,

Inc.

*

22,983

919,550

Urban

Edge

Properties

REIT

36,193

774,168

USCB

Financial

Holdings,

Inc.

2,558

39,009

Valley

National

Bancorp

128,135

1,160,903

Velocity

Financial,

Inc.

*

2,465

48,339

Veris

Residential,

Inc.

REIT

22,999

410,762

Veritex

Holdings,

Inc.

15,585

410,197

Victory

Capital

Holdings,

Inc.

Class A 

12,383

686,018

Virginia

National

Bankshares

Corp.

1,504

62,642

Virtus

Investment

Partners,

Inc.

2,099

439,636

WaFd,

Inc.

20,368

709,825

Walker

&

Dunlop,

Inc.

9,747

1,107,162

Washington

Trust

Bancorp,

Inc.

5,249

169,070

Waterstone

Financial,

Inc.

5,473

80,453

WesBanco,

Inc.

17,034

507,273

West

BanCorp,

Inc.

4,871

92,598

Westamerica

BanCorp

6,938

342,876

Whitestone

REIT

14,457

195,603

WisdomTree,

Inc.

41,890

418,481

World

Acceptance

Corp.

*

1,113

131,312

WSFS

Financial

Corp.

17,389

886,665

a

Shares

Value

Xenia

Hotels

&

Resorts,

Inc.

REIT

31,029

$

458,298

191,891,631

Industrial

-

15.5%

spacing

374Water,

Inc.

*

14,856

20,204

908

Devices,

Inc.

*

6,002

20,827

AAR

Corp.

*

10,368

677,652

Advanced

Energy

Industries,

Inc.

11,084

1,166,480

AeroVironment,

Inc.

*

7,739

1,551,669

AerSale

Corp.

*

10,117

51,091

Air

Transport

Services

Group,

Inc.

*

15,345

248,436

Alamo

Group,

Inc.

3,038

547,235

Albany

International

Corp.

Class A 

9,299

826,216

Allient,

Inc.

4,307

81,790

American

Superconductor

Corp.

*

10,147

239,469

American

Woodmark

Corp.

*

4,747

443,607

AMMO,

Inc.

*

24,273

34,710

Amprius

Technologies,

Inc.

*

1,179

1,309

Apogee

Enterprises,

Inc.

6,507

455,588

Applied

Industrial

Technologies,

Inc.

11,435

2,551,492

Applied

Optoelectronics,

Inc.

*

11,126

159,213

ArcBest

Corp.

7,013

760,560

Archer

Aviation,

Inc.

Class A *

69,866

211,694

Arcosa,

Inc.

14,318

1,356,774

Ardagh

Metal

Packaging

SA

42,356

159,682

Ardmore

Shipping

Corp.

(Ireland) 

11,956

216,404

Argan,

Inc.

3,677

372,958

Arq,

Inc.

*

7,288

42,781

Aspen

Aerogels,

Inc.

*

17,337

480,062

Astec

Industries,

Inc.

6,653

212,497

Astronics

Corp.

*

8,256

160,827

Atkore,

Inc.

11,058

937,055

Atmus

Filtration

Technologies,

Inc.

24,701

927,029

AZZ,

Inc.

8,647

714,329

Badger

Meter,

Inc.

8,668

1,893,178

Barnes

Group,

Inc.

13,607

549,859

Bel

Fuse,

Inc.

Class A 

476

47,329

Bel

Fuse,

Inc.

Class B 

3,125

245,344

Belden,

Inc.

12,106

1,417,976

Benchmark

Electronics,

Inc.

10,698

474,135

Bloom

Energy

Corp.

Class A *

59,105

624,149

Boise

Cascade

Co.

11,789

1,662,013

Bowman

Consulting

Group

Ltd.

*

3,886

93,575

Byrna

Technologies,

Inc.

*

5,220

88,583

Cactus,

Inc.

Class A 

19,412

1,158,314

Cadre

Holdings,

Inc.

7,807

296,276

Caesarstone

Ltd.

*

5,706

26,019

Casella

Waste

Systems,

Inc.

Class A *

18,298

1,820,468

CECO

Environmental

Corp.

*

8,499

239,672

Centuri

Holdings,

Inc.

*

4,082

65,924

ChargePoint

Holdings,

Inc.

*

115,618

158,397

Chart

Industries,

Inc.

*

12,658

1,571,364

Clearwater

Paper

Corp.

*

4,741

135,308

Columbus

McKinnon

Corp.

8,478

305,208

Concrete

Pumping

Holdings,

Inc.

*

7,352

42,568

Construction

Partners,

Inc.

Class A *

12,796

893,161

Core

Molding

Technologies,

Inc.

*

2,036

35,040

Costamare,

Inc.

(Monaco) 

13,043

205,036

Covenant

Logistics

Group,

Inc.

2,358

124,597

CryoPort,

Inc.

*

12,136

98,423

CSW

Industrials,

Inc.

4,888

1,790,914

CTS

Corp.

9,016

436,194

DHT

Holdings,

Inc.

38,994

430,104

Dorian

LPG

Ltd.

10,644

366,366

149

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Ducommun,

Inc.

*

4,158

$

273,721

DXP

Enterprises,

Inc.

*

3,503

186,920

Dycom

Industries,

Inc.

*

8,413

1,658,202

Eastern

Co.

1,479

47,994

Eastman

Kodak

Co.

*

16,322

77,040

Energizer

Holdings,

Inc.

21,458

681,506

Energy

Recovery,

Inc.

*

16,412

285,405

Enerpac

Tool

Group

Corp.

16,133

675,811

EnerSys

11,802

1,204,394

Enovix

Corp.

*

46,687

436,057

Enpro,

Inc.

6,249

1,013,463

Enviri

Corp.

*

24,335

251,624

ESCO

Technologies,

Inc.

7,639

985,278

Eve

Holding,

Inc.

*

4,758

15,416

Evolv

Technologies

Holdings,

Inc.

*

39,279

159,080

Exponent,

Inc.

14,964

1,725,050

Fabrinet

*

(Thailand) 

10,769

2,546,222

FARO

Technologies,

Inc.

*

5,625

107,662

Federal

Signal

Corp.

17,971

1,679,570

FLEX

LNG

Ltd.

(Norway) 

8,461

215,248

Fluor

Corp.

*

50,561

2,412,265

Forward

Air

Corp.

7,125

252,225

Franklin

Electric

Co.,

Inc.

13,271

1,391,066

Frontdoor,

Inc.

*

23,074

1,107,321

GATX

Corp.

10,565

1,399,334

Genco

Shipping

&

Trading

Ltd.

12,237

238,621

Gencor

Industries,

Inc.

*

3,054

63,706

Gibraltar

Industries,

Inc.

*

9,124

638,041

Golden

Ocean

Group

Ltd.

(Norway) 

36,314

485,881

GoPro,

Inc.

Class A *

36,282

49,344

Gorman-Rupp

Co.

5,960

232,142

GrafTech

International

Ltd.

*

77,074

101,738

Graham

Corp.

*

2,969

87,853

Granite

Construction,

Inc.

13,150

1,042,532

Great

Lakes

Dredge

&

Dock

Corp.

*

18,592

195,774

Greenbrier

Cos.,

Inc.

9,183

467,323

Greif,

Inc.

Class A 

7,682

481,354

Greif,

Inc.

Class B 

1,362

95,108

Griffon

Corp.

11,117

778,190

Heartland

Express,

Inc.

13,130

161,236

Helios

Technologies,

Inc.

9,612

458,492

Hillenbrand,

Inc.

20,927

581,771

Hillman

Solutions

Corp.

*

57,694

609,249

Himalaya

Shipping

Ltd.

*

(Bermuda) 

9,234

79,966

Hub

Group,

Inc.

Class A 

18,046

820,191

Hyster-Yale,

Inc.

3,456

220,389

Ichor

Holdings

Ltd.

*

9,741

309,861

IES

Holdings,

Inc.

*

2,435

486,075

Insteel

Industries,

Inc.

5,299

164,746

International

Seaways,

Inc.

11,972

617,276

Intuitive

Machines,

Inc.

*

8,949

72,039

Iteris,

Inc.

*

12,311

87,901

Itron,

Inc.

*

13,672

1,460,306

Janus

International

Group,

Inc.

*

41,995

424,569

JELD-WEN

Holding,

Inc.

*

25,733

406,839

Joby

Aviation,

Inc.

*

119,908

603,137

John

Bean

Technologies

Corp.

9,442

930,131

Kadant,

Inc.

3,477

1,175,226

Karat

Packaging,

Inc.

2,095

54,240

Kennametal,

Inc.

23,007

596,572

Kimball

Electronics,

Inc.

*

7,146

132,272

Knife

River

Corp.

*

16,935

1,513,820

Knowles

Corp.

*

26,363

475,325

Kratos

Defense

&

Security

Solutions,

Inc.

*

44,176

1,029,301

a

Shares

Value

L.B.

Foster

Co.

Class A *

2,660

$

54,344

LanzaTech

Global,

Inc.

*

32,609

62,283

Latham

Group,

Inc.

*

12,303

83,660

Leonardo

DRS,

Inc.

*

18,991

535,926

Limbach

Holdings,

Inc.

*

2,937

222,507

Lindsay

Corp.

3,235

403,210

LSB

Industries,

Inc.

*

16,933

136,141

LSI

Industries,

Inc.

7,491

120,980

Luxfer

Holdings

PLC

(United

Kingdom) 

8,740

113,183

Manitowoc

Co.,

Inc.

*

9,869

94,940

Marten

Transport

Ltd.

17,286

305,962

Masterbrand,

Inc.

*

37,697

698,902

Materion

Corp.

6,113

683,800

Matson,

Inc.

10,080

1,437,610

Mayville

Engineering

Co.,

Inc.

*

4,080

86,006

Mercury

Systems,

Inc.

*

16,389

606,393

Mesa

Laboratories,

Inc.

1,616

209,854

Metallus,

Inc.

*

12,918

191,574

MicroVision,

Inc.

*

57,622

65,689

Mirion

Technologies,

Inc.

*

59,389

657,436

Mistras

Group,

Inc.

*

5,187

58,976

Modine

Manufacturing

Co.

*

15,326

2,035,140

Montrose

Environmental

Group,

Inc.

*

9,477

249,245

Moog,

Inc.

Class A 

8,439

1,704,847

Mueller

Industries,

Inc.

33,091

2,452,043

Mueller

Water

Products,

Inc.

Class A 

46,183

1,002,171

Myers

Industries,

Inc.

11,470

158,515

MYR

Group,

Inc.

*

4,933

504,301

NANO

Nuclear

Energy,

Inc.

*

1,900

27,379

Napco

Security

Technologies,

Inc.

10,443

422,524

National

Presto

Industries,

Inc.

1,620

121,727

Net

Power,

Inc.

*

6,017

42,179

NEXTracker,

Inc.

Class A *

42,754

1,602,420

NL

Industries,

Inc.

2,103

15,625

nLight,

Inc.

*

14,069

150,398

NN,

Inc.

*

13,771

53,707

Nordic

American

Tankers

Ltd.

58,098

213,220

Northwest

Pipe

Co.

*

2,663

120,181

Novanta,

Inc.

*

10,644

1,904,424

NuScale

Power

Corp.

*

23,076

267,220

NV5

Global,

Inc.

*

4,223

394,766

NVE

Corp.

1,310

104,630

O-I

Glass,

Inc.

*

46,748

613,334

Olympic

Steel,

Inc.

2,848

111,072

Omega

Flex,

Inc.

916

45,727

Orion

Group

Holdings,

Inc.

*

9,174

52,934

OSI

Systems,

Inc.

*

4,781

725,899

Pactiv

Evergreen,

Inc.

12,082

139,064

PAM

Transportation

Services,

Inc.

*

2,014

37,259

Pangaea

Logistics

Solutions

Ltd.

8,909

64,412

Park

Aerospace

Corp.

5,378

70,075

Park-Ohio

Holdings

Corp.

2,940

90,258

Perma-Fix

Environmental

Services,

Inc.

*

3,666

44,982

Plexus

Corp.

*

8,028

1,097,508

Powell

Industries,

Inc.

2,782

617,576

Primoris

Services

Corp.

15,962

927,073

Proficient

Auto

Logistics,

Inc.

*

4,276

60,634

Proto

Labs,

Inc.

*

7,697

226,061

Pure

Cycle

Corp.

*

5,726

61,669

PureCycle

Technologies,

Inc.

*

36,795

349,552

Quest

Resource

Holding

Corp.

*

4,497

35,886

Radiant

Logistics,

Inc.

*

11,157

71,739

Ranpak

Holdings

Corp.

*

12,405

81,005

Redwire

Corp.

*

6,778

46,565

150

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Rocket

Lab

USA,

Inc.

*

103,809

$

1,010,062

RXO,

Inc.

*

40,310

1,128,680

Ryerson

Holding

Corp.

8,826

175,726

Safe

Bulkers,

Inc.

(Monaco) 

19,536

101,196

Sanmina

Corp.

*

16,005

1,095,542

Scorpio

Tankers,

Inc.

(Monaco) 

13,920

992,496

SFL

Corp.

Ltd.

(Norway) 

35,615

412,066

Sight

Sciences,

Inc.

*

10,444

65,797

SmartRent,

Inc.

*

58,431

101,086

Smith

&

Wesson

Brands,

Inc.

14,317

185,835

Smith-Midland

Corp.

*

1,297

43,307

Southland

Holdings,

Inc.

*

2,263

8,373

SPX

Technologies,

Inc.

*

13,341

2,127,356

Standard

BioTools,

Inc.

*

89,047

171,861

Standex

International

Corp.

3,486

637,171

Sterling

Infrastructure,

Inc.

*

8,991

1,303,875

Stoneridge,

Inc.

*

8,527

95,417

Sturm

Ruger

&

Co.,

Inc.

4,755

198,188

Summit

Materials,

Inc.

Class A *

36,431

1,421,902

Taylor

Devices,

Inc.

*

649

32,398

Tecnoglass,

Inc.

6,684

458,923

Teekay

Corp.

*

(Bermuda) 

16,858

155,094

Teekay

Tankers

Ltd.

Class A (Canada) 

7,016

408,682

Tennant

Co.

5,632

540,897

Terex

Corp.

19,822

1,048,782

Thermon

Group

Holdings,

Inc.

*

10,092

301,145

Tredegar

Corp.

*

7,911

57,671

TriMas

Corp.

11,974

305,696

Trinity

Industries,

Inc.

24,409

850,410

Triumph

Group,

Inc.

*

21,665

279,262

TTM

Technologies,

Inc.

*

29,612

540,419

Turtle

Beach

Corp.

*

5,862

89,923

Tutor

Perini

Corp.

*

12,923

350,989

Twin

Disc,

Inc.

3,148

39,319

UFP

Industries,

Inc.

18,076

2,371,752

Ultralife

Corp.

*

2,862

25,872

Universal

Logistics

Holdings,

Inc.

1,853

79,883

Vicor

Corp.

*

6,531

274,955

Virgin

Galactic

Holdings,

Inc.

*

5,212

31,793

VirTra,

Inc.

*

3,218

20,016

Vishay

Intertechnology,

Inc.

38,250

723,307

Watts

Water

Technologies,

Inc.

Class A 

8,007

1,658,970

Werner

Enterprises,

Inc.

18,156

700,640

Willis

Lease

Finance

Corp.

766

113,988

World

Kinect

Corp.

17,074

527,757

Worthington

Enterprises,

Inc.

9,468

392,449

Worthington

Steel,

Inc.

9,771

332,312

Xometry,

Inc.

Class A *

12,622

231,866

Zurn

Elkay

Water

Solutions

Corp.

42,191

1,516,345

123,825,318

Technology

-

9.3%

spacing

3D

Systems

Corp.

*

37,271

105,850

8x8,

Inc.

*

40,247

82,104

ACI

Worldwide,

Inc.

*

31,793

1,618,264

ACM

Research,

Inc.

Class A *

15,142

307,383

ACV

Auctions,

Inc.

Class A *

43,959

893,686

Adeia,

Inc.

32,725

389,755

Aehr

Test

Systems

*

7,518

96,606

Agilysys,

Inc.

*

6,784

739,252

Alignment

Healthcare,

Inc.

*

29,766

351,834

Alkami

Technology,

Inc.

*

13,315

419,955

Alpha

&

Omega

Semiconductor

Ltd.

*

6,940

257,613

Altair

Engineering,

Inc.

Class A *

17,116

1,634,749

a

Shares

Value

Ambarella,

Inc.

*

11,338

$

639,520

American

Software,

Inc.

Class A 

9,770

109,326

Amplitude,

Inc.

Class A *

23,062

206,866

Appian

Corp.

Class A *

12,380

422,653

Arteris,

Inc.

*

8,223

63,482

Asana,

Inc.

Class A *

23,703

274,718

ASGN,

Inc.

*

13,607

1,268,581

Asure

Software,

Inc.

*

7,325

66,291

AvePoint,

Inc.

*

38,245

450,144

AvidXchange

Holdings,

Inc.

*

52,282

424,007

Axcelis

Technologies,

Inc.

*

9,617

1,008,342

Bandwidth,

Inc.

Class A *

8,081

141,498

BigBear.ai

Holdings,

Inc.

*

33,084

48,303

BigCommerce

Holdings,

Inc.

*

21,855

127,852

Blackbaud,

Inc.

*

12,156

1,029,370

BlackLine,

Inc.

*

17,145

945,375

Blend

Labs,

Inc.

Class A *

68,852

258,195

Box,

Inc.

Class A *

41,726

1,365,692

Braze,

Inc.

Class A *

19,673

636,225

C3.ai,

Inc.

Class A *

25,622

620,821

Cantaloupe,

Inc.

*

16,603

122,862

Cerence,

Inc.

*

11,241

35,409

CEVA,

Inc.

*

6,434

155,381

Clear

Secure,

Inc.

Class A 

26,256

870,124

Clearwater

Analytics

Holdings,

Inc.

Class A *

44,941

1,134,760

Climb

Global

Solutions,

Inc.

1,242

123,629

Cohu,

Inc.

*

13,882

356,767

CommVault

Systems,

Inc.

*

12,916

1,987,127

Conduent,

Inc.

*

47,287

190,567

Consensus

Cloud

Solutions,

Inc.

*

5,151

121,306

Corsair

Gaming,

Inc.

*

14,289

99,451

Cricut,

Inc.

Class A 

12,388

85,849

CS

Disco,

Inc.

*

7,147

42,024

CSG

Systems

International,

Inc.

9,068

441,158

D-Wave

Quantum,

Inc.

*

(Canada) 

26,649

26,193

Daily

Journal

Corp.

*

404

198,000

Definitive

Healthcare

Corp.

*

15,307

68,422

Diebold

Nixdorf,

Inc.

*

7,563

337,764

Digi

International,

Inc.

*

10,406

286,477

Digimarc

Corp.

*

4,560

122,573

Digital

Turbine,

Inc.

*

25,755

79,068

DigitalOcean

Holdings,

Inc.

*

19,588

791,159

Diodes,

Inc.

*

13,695

877,713

Domo,

Inc.

Class B *

11,680

87,717

Donnelley

Financial

Solutions,

Inc.

*

7,842

516,239

E2open

Parent

Holdings,

Inc.

*

59,734

263,427

eGain

Corp.

*

5,873

29,952

Enfusion,

Inc.

Class A *

14,917

141,562

Envestnet,

Inc.

*

13,548

848,376

EverCommerce,

Inc.

*

6,233

64,574

Everspin

Technologies,

Inc.

*

5,712

33,701

Evolent

Health,

Inc.

Class A *

34,341

971,163

ExlService

Holdings,

Inc.

*

46,781

1,784,695

Fastly,

Inc.

Class A *

38,624

292,384

FormFactor,

Inc.

*

23,049

1,060,254

Freshworks,

Inc.

Class A *

60,645

696,205

GCT

Semiconductor

Holding,

Inc.

*

4,039

13,531

GigaCloud

Technology,

Inc.

Class A *

(Hong

Kong) 

6,972

160,217

Golden

Matrix

Group,

Inc.

*

8,558

19,940

Grid

Dynamics

Holdings,

Inc.

*

16,714

233,996

Health

Catalyst,

Inc.

*

16,301

132,690

I3

Verticals,

Inc.

Class A *

7,309

155,755

151

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

IBEX

Holdings

Ltd.

*

2,665

$

53,247

Ibotta,

Inc.

Class A *

2,241

138,068

iLearningEngines

Holdings,

Inc.

*

8,508

14,208

Immersion

Corp.

9,223

82,269

Impinj,

Inc.

*

6,837

1,480,347

Innodata,

Inc.

*

8,896

149,186

Insight

Enterprises,

Inc.

*

8,329

1,793,983

Inspired

Entertainment,

Inc.

*

5,923

54,906

Instructure

Holdings,

Inc.

*

6,697

157,714

Intapp,

Inc.

*

11,824

565,542

Integral

Ad

Science

Holding

Corp.

*

21,669

234,242

IonQ,

Inc.

*

59,125

516,752

Jamf

Holding

Corp.

*

24,037

417,042

Kaltura,

Inc.

*

31,157

42,373

Kulicke

&

Soffa

Industries,

Inc.

(Singapore) 

15,859

715,717

Life360,

Inc.

*

1,795

70,633

Matterport,

Inc.

*

78,112

351,504

Maximus,

Inc.

18,185

1,694,115

MaxLinear,

Inc.

*

23,526

340,656

Meridianlink,

Inc.

*

8,129

167,214

Mitek

Systems,

Inc.

*

13,985

121,250

N-able,

Inc.

*

21,915

286,210

Navitas

Semiconductor

Corp.

*

37,522

91,929

NCR

Atleos

Corp.

*

21,510

613,680

NCR

Voyix

Corp.

*

43,460

589,752

NetScout

Systems,

Inc.

*

20,891

454,379

NextNav,

Inc.

*

22,187

166,181

Olo,

Inc.

Class A *

32,889

163,129

ON24,

Inc.

*

9,033

55,282

OneSpan,

Inc.

*

10,786

179,803

Ouster,

Inc.

*

12,931

81,465

Outbrain,

Inc.

*

11,464

55,715

Pagaya

Technologies

Ltd.

Class A *

13,933

147,272

PagerDuty,

Inc.

*

27,903

517,601

PAR

Technology

Corp.

*

10,725

558,558

PDF

Solutions,

Inc.

*

8,984

284,613

Photronics,

Inc.

*

18,316

453,504

Phreesia,

Inc.

*

16,372

373,118

Pitney

Bowes,

Inc.

36,845

262,705

Planet

Labs

PBC

*

67,294

150,066

PlayAGS,

Inc.

*

11,177

127,306

Playstudios,

Inc.

*

33,930

51,234

Porch

Group,

Inc.

*

23,063

35,402

Power

Integrations,

Inc.

16,757

1,074,459

PowerSchool

Holdings,

Inc.

Class A *

17,749

404,855

Privia

Health

Group,

Inc.

*

30,456

554,604

Progress

Software

Corp.

12,439

838,015

PROS

Holdings,

Inc.

*

13,706

253,835

PubMatic,

Inc.

Class A *

12,821

190,648

Qualys,

Inc.

*

10,945

1,405,995

QuickLogic

Corp.

*

3,999

30,672

Rackspace

Technology,

Inc.

*

23,338

57,178

Rambus,

Inc.

*

32,317

1,364,424

Rapid7,

Inc.

*

18,425

734,973

Red

Violet,

Inc.

*

3,586

102,022

Rekor

Systems,

Inc.

*

21,303

25,138

ReposiTrak,

Inc.

3,386

62,539

Richardson

Electronics

Ltd.

3,114

38,427

Rigetti

Computing,

Inc.

*

41,477

32,481

Rimini

Street,

Inc.

*

19,640

36,334

Sapiens

International

Corp.

NV

(Israel) 

8,851

329,877

Schrodinger,

Inc.

*

16,874

313,013

SEMrush

Holdings,

Inc.

Class A *

10,187

160,038

Semtech

Corp.

*

19,340

883,064

a

Shares

Value

Silicon

Laboratories,

Inc.

*

9,454

$

1,092,599

Silvaco

Group,

Inc.

*

1,766

25,254

Simulations

Plus,

Inc.

4,670

149,533

SiTime

Corp.

*

5,461

936,616

SkyWater

Technology,

Inc.

*

8,111

73,648

SMART

Global

Holdings,

Inc.

*

15,372

322,043

SolarWinds

Corp.

17,246

225,060

SoundHound

AI,

Inc.

Class A *

84,699

394,697

Sprout

Social,

Inc.

Class A *

14,718

427,852

SPS

Commerce,

Inc.

*

11,086

2,152,569

Synaptics,

Inc.

*

11,603

900,161

System1,

Inc.

*

16,936

18,968

Talkspace,

Inc.

*

36,395

76,066

Telos

Corp.

*

16,815

60,366

Tenable

Holdings,

Inc.

*

35,085

1,421,644

Thoughtworks

Holding,

Inc.

*

32,815

145,042

TTEC

Holdings,

Inc.

5,453

32,009

Ultra

Clean

Holdings,

Inc.

*

13,247

528,953

Unisys

Corp.

*

18,871

107,187

V2X,

Inc.

*

3,727

208,190

Varonis

Systems,

Inc.

*

32,626

1,843,369

Veeco

Instruments,

Inc.

*

16,468

545,585

Verint

Systems,

Inc.

*

18,477

468,022

Vertex,

Inc.

Class A *

16,103

620,127

Viant

Technology,

Inc.

Class A *

5,527

61,184

Vimeo,

Inc.

*

41,420

209,171

Vishay

Precision

Group,

Inc.

*

3,263

84,512

Waystar

Holding

Corp.

*

12,720

354,761

Weave

Communications,

Inc.

*

11,808

151,142

WM

Technology,

Inc.

*

24,471

21,290

WNS

Holdings

Ltd.

*

(India) 

13,485

710,794

Workiva,

Inc.

*

15,013

1,187,829

Xerox

Holdings

Corp.

34,140

354,373

Yext,

Inc.

*

32,806

227,018

Zeta

Global

Holdings

Corp.

Class A *

53,453

1,594,503

Zuora,

Inc.

Class A *

41,800

360,316

74,909,389

Utilities

-

2.8%

spacing

ALLETE,

Inc.

17,424

1,118,447

Altus

Power,

Inc.

*

22,636

71,982

Ameresco,

Inc.

Class A *

9,714

368,549

American

States

Water

Co.

10,889

906,945

Avista

Corp.

23,246

900,783

Black

Hills

Corp.

20,454

1,250,149

Brookfield

Infrastructure

Corp.

Class A (Canada) 

35,703

1,550,581

California

Water

Service

Group

17,171

931,012

Chesapeake

Utilities

Corp.

6,415

796,551

Consolidated

Water

Co.

Ltd.

(Cayman) 

4,870

122,773

Genie

Energy

Ltd.

Class B 

3,941

64,041

Global

Water

Resources,

Inc.

4,109

51,732

Hawaiian

Electric

Industries,

Inc.

49,375

477,950

MGE

Energy,

Inc.

10,792

986,928

Middlesex

Water

Co.

5,228

341,075

New

Jersey

Resources

Corp.

29,098

1,373,426

Northwest

Natural

Holding

Co.

11,364

463,878

Northwestern

Energy

Group,

Inc.

18,610

1,064,864

ONE

Gas,

Inc.

16,789

1,249,437

Ormat

Technologies,

Inc.

15,872

1,221,192

Otter

Tail

Corp.

12,501

977,078

Portland

General

Electric

Co.

30,259

1,449,406

RGC

Resources,

Inc.

2,124

47,939

SJW

Group

9,531

553,846

152

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$26,386

or less

than

0.1%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

(b)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

a

Shares

Value

Southwest

Gas

Holdings,

Inc.

18,086

$

1,334,023

Spire,

Inc.

16,869

1,135,115

TXNM

Energy,

Inc.

26,726

1,169,797

Unitil

Corp.

4,604

278,910

York

Water

Co.

3,936

147,443

22,405,852

Total

Common

Stocks

    (Cost

$646,033,420)

794,039,613

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.7%

Repurchase

Agreements

-

0.7%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$5,809,872;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$5,925,423)

$

5,809,154

5,809,154

a

Total

Short-Term

Investments

(Cost

$5,809,154)

5,809,154

TOTAL

INVESTMENTS

-

99.9%

(Cost

$651,857,958)

799,880,258

DERIVATIVES

-

0.0%

75,040

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.1%

531,627

NET

ASSETS

-

100.0%

$

800,486,925

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CME

E-Mini

Russell

2000

Index

12/24

64

$

7,122,400

$

7,197,440

$

75,040

a

153

PACIFIC

SELECT

FUND

SMALL-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(c)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Rights

Consumer,

Non-Cyclical

$

28,523

$

–

$

2,358

$

26,165

Utilities

221

–

–

221

Total

Rights

28,744

–

2,358

26,386

Warrants

2,747

–

2,747

–

Common

Stocks

Basic

Materials

27,911,543

27,911,543

–

–

Communications

32,492,045

32,492,045

–

–

Consumer,

Cyclical

89,263,479

89,263,479

–

–

Consumer,

Non-Cyclical

190,208,814

190,191,792

17,022

–

Energy

41,131,542

41,131,542

–

–

Financial

191,891,631

191,891,631

–

–

Industrial

123,825,318

123,825,318

–

–

Technology

74,909,389

74,909,389

–

–

Utilities

22,405,852

22,405,852

–

–

Total

Common

Stocks

794,039,613

794,022,591

17,022

–

Short-Term

Investments

5,809,154

–

5,809,154

–

Derivatives:

Equity

Contracts

Futures

75,040

75,040

–

–

Total

$

799,955,298

$

794,097,631

$

5,831,281

$

26,386

PACIFIC

SELECT

FUND

SMALL-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

154

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

RIGHTS

-

0.0%

Financial

-

0.0%

Seaport

Entertainment

Group,

Inc.

,

Exp 10/10/24

*

1,059

$

3,124

Total

Rights

    (Cost

$0)

3,124

COMMON

STOCKS

-

99.7%

Basic

Materials

-

3.8%

spacing

AdvanSix,

Inc.

11,239

341,441

Ashland,

Inc.

15,192

1,321,248

Cabot

Corp.

25,653

2,867,236

Caledonia

Mining

Corp.

PLC

(South

Africa) 

1,425

21,318

Century

Aluminum

Co.

*

23,450

380,594

Coeur

Mining,

Inc.

*

82,337

566,479

Hawkins,

Inc.

6,144

783,176

Intrepid

Potash,

Inc.

*

2,307

55,368

Kaiser

Aluminum

Corp.

12,864

932,897

Mativ

Holdings,

Inc.

42,369

719,849

Metals

Acquisition

Ltd.

Class A *

(Australia) 

11,461

158,735

Minerals

Technologies,

Inc.

11,009

850,225

Oil-Dri

Corp.

of

America

2,707

186,756

Orion

SA

(Germany) 

33,177

590,882

Radius

Recycling,

Inc.

4,313

79,963

Rayonier

Advanced

Materials,

Inc.

*

28,670

245,415

Stepan

Co.

13,344

1,030,824

Sylvamo

Corp.

20,050

1,721,293

Tronox

Holdings

PLC

38,626

565,098

U.S.

Lime

&

Minerals,

Inc.

3,780

369,155

Universal

Stainless

&

Alloy

Products,

Inc.

*

4,623

178,586

13,966,538

Communications

-

4.3%

spacing

1-800-Flowers.com,

Inc.

Class A *

10,267

81,417

AMC

Networks,

Inc.

Class A *

8,726

75,829

ATN

International,

Inc.

2,646

85,572

Cable

One,

Inc.

845

295,573

Cars.com,

Inc.

*

40,135

672,663

EchoStar

Corp.

Class A *

103,141

2,559,960

ePlus,

Inc.

*

17,530

1,723,900

Figs,

Inc.

Class A *

71,998

492,466

Frontier

Communications

Parent,

Inc.

*

79,734

2,832,949

InterDigital,

Inc.

16,582

2,348,509

Iridium

Communications,

Inc.

25,072

763,442

Lands'

End,

Inc.

*

5,026

86,799

NETGEAR,

Inc.

*

16,212

325,213

Opendoor

Technologies,

Inc.

*

389,153

778,306

Scholastic

Corp.

12,172

389,626

Telephone

&

Data

Systems,

Inc.

62,253

1,447,382

U.S.

Cellular

Corp.

*

11,170

610,440

Viasat,

Inc.

*

24,745

295,455

WideOpenWest,

Inc.

*

7,625

40,031

15,905,532

Consumer,

Cyclical

-

20.4%

spacing

Academy

Sports

&

Outdoors,

Inc.

26,485

1,545,665

Advance

Auto

Parts,

Inc.

38,284

1,492,693

Alaska

Air

Group,

Inc.

*

87,450

3,953,615

Allegiant

Travel

Co.

4,877

268,528

a

Shares

Value

American

Axle

&

Manufacturing

Holdings,

Inc.

*

60,704

$

375,151

American

Eagle

Outfitters,

Inc.

118,199

2,646,476

Arhaus,

Inc.

19,026

234,210

BJ's

Restaurants,

Inc.

*

14,749

480,227

BlueLinx

Holdings,

Inc.

*

3,939

415,249

Boot

Barn

Holdings,

Inc.

*

9,591

1,604,382

Buckle,

Inc.

19,152

842,113

Build-A-Bear

Workshop,

Inc.

7,870

270,492

Caleres,

Inc.

23,311

770,429

Carter's,

Inc.

12,060

783,659

Cheesecake

Factory,

Inc.

29,164

1,182,600

Chuy's

Holdings,

Inc.

*

5,597

209,328

Clarus

Corp.

5,690

25,605

Columbia

Sportswear

Co.

16,075

1,337,279

Commercial

Vehicle

Group,

Inc.

*

8,008

26,026

Cracker

Barrel

Old

Country

Store,

Inc.

5,657

256,545

Daktronics,

Inc.

*

33,745

435,648

Dana,

Inc.

71,283

752,748

Designer

Brands,

Inc.

Class A 

11,569

85,379

Destination

XL

Group,

Inc.

*

11,514

33,851

Ethan

Allen

Interiors,

Inc.

14,072

448,756

Flexsteel

Industries,

Inc.

1,447

64,088

Forestar

Group,

Inc.

*

12,107

391,904

Funko,

Inc.

Class A *

14,017

171,288

G-III

Apparel

Group

Ltd.

*

17,151

523,449

Genesco,

Inc.

*

2,446

66,458

Gentherm,

Inc.

*

9,913

461,450

Global

Industrial

Co.

3,719

126,334

GMS,

Inc.

*

7,570

685,615

Golden

Entertainment,

Inc.

7,107

225,932

Goodyear

Tire

&

Rubber

Co.

*

104,580

925,533

Green

Brick

Partners,

Inc.

*

6,543

546,471

Guess?,

Inc.

16,732

336,815

H&E

Equipment

Services,

Inc.

14,965

728,496

Hamilton

Beach

Brands

Holding

Co.

Class A 

3,135

95,398

Harley-Davidson,

Inc.

84,478

3,254,937

Haverty

Furniture

Cos.,

Inc.

5,136

141,086

Hooker

Furnishings

Corp.

3,967

71,723

Hovnanian

Enterprises,

Inc.

Class A *

3,201

654,188

Hudson

Technologies,

Inc.

*

9,260

77,228

IMAX

Corp.

*

9,518

195,214

Interface,

Inc.

38,173

724,142

JAKKS

Pacific,

Inc.

*

3,128

79,827

JetBlue

Airways

Corp.

*

120,501

790,487

KB

Home

27,990

2,398,463

Kohl's

Corp.

71,516

1,508,988

La-Z-Boy,

Inc.

25,865

1,110,384

Landsea

Homes

Corp.

*

5,819

71,865

LCI

Industries

14,138

1,704,195

Life

Time

Group

Holdings,

Inc.

*

16,515

403,296

Lifetime

Brands,

Inc.

6,122

40,038

Lovesac

Co.

*

5,399

154,681

M/I

Homes,

Inc.

*

16,469

2,822,128

Macy's,

Inc.

201,599

3,163,088

Malibu

Boats,

Inc.

Class A *

4,456

172,937

Marcus

Corp.

4,963

74,792

MasterCraft

Boat

Holdings,

Inc.

*

4,990

90,868

Meritage

Homes

Corp.

11,796

2,419,006

Methode

Electronics,

Inc.

5,991

71,652

Monarch

Casino

&

Resort,

Inc.

8,432

668,405

Movado

Group,

Inc.

8,690

161,634

MRC

Global,

Inc.

*

55,140

702,484

155

PACIFIC

SELECT

FUND

SMALL-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Nordstrom,

Inc.

52,233

$

1,174,720

Nu

Skin

Enterprises,

Inc.

Class A 

9,104

67,096

ODP

Corp.

*

13,021

387,375

ONE

Group

Hospitality,

Inc.

*

7,844

28,866

Oxford

Industries,

Inc.

10,222

886,861

Patrick

Industries,

Inc.

7,521

1,070,765

PC

Connection,

Inc.

7,418

559,540

Phinia,

Inc.

33,916

1,561,153

Playa

Hotels

&

Resorts

NV

*

36,072

279,558

Polaris,

Inc.

16,349

1,360,891

PriceSmart,

Inc.

15,936

1,462,606

RCI

Hospitality

Holdings,

Inc.

2,510

111,820

Rocky

Brands,

Inc.

1,734

55,245

ScanSource,

Inc.

*

16,776

805,751

Shoe

Carnival,

Inc.

12,865

564,130

Signet

Jewelers

Ltd.

(NYSE)

15,561

1,604,962

SkyWest,

Inc.

*

33,413

2,840,773

Standard

Motor

Products,

Inc.

6,300

209,160

Steelcase,

Inc.

Class A 

58,385

787,614

Sun

Country

Airlines

Holdings,

Inc.

*

25,078

281,124

Super

Group

SGHC

Ltd.

(Guernsey) 

89,259

324,010

Superior

Group

of

Cos.,

Inc.

5,735

88,835

Thor

Industries,

Inc.

16,720

1,837,361

Tile

Shop

Holdings,

Inc.

*

9,703

63,943

Titan

International,

Inc.

*

15,899

129,259

Tri

Pointe

Homes,

Inc.

*

29,702

1,345,798

Universal

Electronics,

Inc.

*

3,090

28,521

Urban

Outfitters,

Inc.

*

46,462

1,779,959

Vera

Bradley,

Inc.

*

5,609

30,625

Virco

Mfg.

Corp.

6,537

90,276

Vista

Outdoor,

Inc.

*

26,806

1,050,259

Visteon

Corp.

*

15,624

1,488,030

Wabash

National

Corp.

16,263

312,087

Winnebago

Industries,

Inc.

9,180

533,450

74,756,044

Consumer,

Non-Cyclical

-

8.2%

spacing

Aaron's

Co.,

Inc.

6,987

69,521

ACCO

Brands

Corp.

30,961

169,357

Acme

United

Corp.

1,232

51,300

Alight,

Inc.

Class A *

96,557

714,522

Alkermes

PLC

*

90,111

2,522,207

Alta

Equipment

Group,

Inc.

8,638

58,220

American

Public

Education,

Inc.

*

6,522

96,199

Amphastar

Pharmaceuticals,

Inc.

*

10,554

512,186

Andersons,

Inc.

25,361

1,271,600

ANI

Pharmaceuticals,

Inc.

*

5,813

346,804

B&G

Foods,

Inc.

35,513

315,355

Bioventus,

Inc.

Class A *

15,245

182,178

Brookdale

Senior

Living,

Inc.

*

74,137

503,390

Cal-Maine

Foods,

Inc.

26,572

1,988,648

Calavo

Growers,

Inc.

7,995

228,097

Central

Garden

&

Pet

Co.

*

4,068

148,360

Central

Garden

&

Pet

Co.

Class A *

33,244

1,043,862

Cross

Country

Healthcare,

Inc.

*

7,965

107,050

Dole

PLC

51,516

839,196

Emergent

BioSolutions,

Inc.

*

55,144

460,452

Ennis,

Inc.

10,980

267,034

Fresh

Del

Monte

Produce,

Inc.

21,666

640,014

Graham

Holdings

Co.

Class B 

1,065

875,132

Green

Dot

Corp.

Class A *

26,379

308,898

Harmony

Biosciences

Holdings,

Inc.

*

19,746

789,840

Heidrick

&

Struggles

International,

Inc.

6,257

243,147

Herc

Holdings,

Inc.

9,716

1,549,022

a

Shares

Value

Hertz

Global

Holdings,

Inc.

*

26,849

$

88,602

Ingles

Markets,

Inc.

Class A 

6,978

520,559

Innoviva,

Inc.

*

35,904

693,306

John

B

Sanfilippo

&

Son,

Inc.

2,426

228,796

Joint

Corp.

*

3,721

42,568

Kelly

Services,

Inc.

Class A 

19,645

420,599

Lantheus

Holdings,

Inc.

*

13,455

1,476,686

Lifeway

Foods,

Inc.

*

2,518

65,267

Lincoln

Educational

Services

Corp.

*

8,355

99,759

Medifast,

Inc.

1,999

38,261

Natural

Grocers

by

Vitamin

Cottage,

Inc.

Class C 

9,792

290,724

Nature's

Sunshine

Products,

Inc.

*

4,719

64,273

OraSure

Technologies,

Inc.

*

27,692

118,245

Patterson

Cos.,

Inc.

27,182

593,655

Payoneer

Global,

Inc.

*

103,244

777,427

Perdoceo

Education

Corp.

16,035

356,618

Phibro

Animal

Health

Corp.

Class A 

12,487

281,207

Premier,

Inc.

Class A 

58,975

1,179,500

PROG

Holdings,

Inc.

11,500

557,635

Puma

Biotechnology,

Inc.

*

15,714

40,071

Quanex

Building

Products

Corp.

14,987

415,889

Seaboard

Corp.

106

332,522

SIGA

Technologies,

Inc.

18,483

124,760

SpartanNash

Co.

13,714

307,331

StoneCo

Ltd.

Class A *

(Brazil) 

56,793

639,489

Supernus

Pharmaceuticals,

Inc.

*

33,385

1,040,944

Target

Hospitality

Corp.

*

16,369

127,351

TrueBlue,

Inc.

*

5,446

42,969

Tyra

Biosciences,

Inc.

*

2,668

62,725

United

Natural

Foods,

Inc.

*

14,099

237,145

Universal

Technical

Institute,

Inc.

*

16,756

272,453

USANA

Health

Sciences,

Inc.

*

5,719

216,864

Vanda

Pharmaceuticals,

Inc.

*

10,924

51,234

Village

Super

Market,

Inc.

Class A 

5,567

176,975

Vita

Coco

Co.,

Inc.

*

10,494

297,085

Weis

Markets,

Inc.

10,655

734,449

WK

Kellogg

Co.

31,789

543,910

XBiotech,

Inc.

*

7,474

57,774

Zimvie,

Inc.

*

11,132

176,665

30,093,883

Energy

-

14.2%

spacing

Alpha

Metallurgical

Resources,

Inc.

4,090

965,976

Amplify

Energy

Corp.

*

29,324

191,486

Arch

Resources,

Inc.

11,269

1,556,925

Archrock,

Inc.

108,765

2,201,404

Aris

Water

Solutions,

Inc.

Class A 

12,130

204,633

Berry

Corp.

40,224

206,751

Bristow

Group,

Inc.

*

14,339

497,420

California

Resources

Corp.

49,469

2,595,638

Civeo

Corp.

6,972

191,033

CNX

Resources

Corp.

*

75,547

2,460,566

Comstock

Resources,

Inc.

53,915

600,074

CONSOL

Energy,

Inc.

16,281

1,703,807

Crescent

Energy

Co.

Class A 

107,708

1,179,403

CVR

Energy,

Inc.

15,650

360,419

DMC

Global,

Inc.

*

4,440

57,631

DNOW,

Inc.

*

76,002

982,706

Evolution

Petroleum

Corp.

8,487

45,066

Expro

Group

Holdings

NV

*

21,191

363,849

Forum

Energy

Technologies,

Inc.

*

1,914

29,590

FutureFuel

Corp.

7,673

44,120

Golar

LNG

Ltd.

(Cameroon) 

43,739

1,607,846

156

PACIFIC

SELECT

FUND

SMALL-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Gran

Tierra

Energy,

Inc.

*

(Colombia) 

28,874

$

181,040

Granite

Ridge

Resources,

Inc.

40,056

237,933

Green

Plains,

Inc.

*

7,984

108,103

Gulfport

Energy

Corp.

*

2,472

374,137

Helix

Energy

Solutions

Group,

Inc.

*

103,418

1,147,940

Helmerich

&

Payne,

Inc.

56,754

1,726,457

HighPeak

Energy,

Inc.

14,932

207,256

Kimbell

Royalty

Partners

LP

47,194

759,351

Kodiak

Gas

Services,

Inc.

12,642

366,618

Kosmos

Energy

Ltd.

*

(Ghana) 

300,854

1,212,442

Liberty

Energy,

Inc.

93,768

1,790,031

Magnolia

Oil

&

Gas

Corp.

Class A 

124,369

3,037,091

Montauk

Renewables,

Inc.

*

15,232

79,359

Nabors

Industries

Ltd.

*

5,017

323,446

Natural

Gas

Services

Group,

Inc.

*

3,416

65,280

Newpark

Resources,

Inc.

*

55,791

386,632

Northern

Oil

&

Gas,

Inc.

70,258

2,487,836

Oceaneering

International,

Inc.

*

60,096

1,494,587

Oil

States

International,

Inc.

*

10,543

48,498

Par

Pacific

Holdings,

Inc.

*

21,227

373,595

Patterson-UTI

Energy,

Inc.

232,080

1,775,412

PBF

Energy,

Inc.

Class A 

49,192

1,522,492

Peabody

Energy

Corp.

78,224

2,076,065

ProFrac

Holding

Corp.

Class A *

9,747

66,182

ProPetro

Holding

Corp.

*

60,428

462,878

Ramaco

Resources,

Inc.

Class A 

16,089

188,241

Ramaco

Resources,

Inc.

Class B 

864

9,297

Ranger

Energy

Services,

Inc.

6,957

82,858

REX

American

Resources

Corp.

*

8,212

380,133

Riley

Exploration

Permian,

Inc.

8,147

215,814

Ring

Energy,

Inc.

*

98,472

157,555

RPC,

Inc.

48,913

311,087

SandRidge

Energy,

Inc.

18,910

231,269

Select

Water

Solutions,

Inc.

70,606

785,845

SM

Energy

Co.

82,966

3,316,151

Solaris

Energy

Infrastructure,

Inc.

18,050

230,318

SunCoke

Energy,

Inc.

49,186

426,934

Talos

Energy,

Inc.

*

90,699

938,735

TETRA

Technologies,

Inc.

*

41,643

129,093

Transocean

Ltd.

*

122,671

521,352

VAALCO

Energy,

Inc.

88,686

509,058

Vital

Energy,

Inc.

*

21,951

590,482

Vitesse

Energy,

Inc.

16,923

406,490

W&T

Offshore,

Inc.

14,885

32,003

Warrior

Met

Coal,

Inc.

38,411

2,454,463

52,274,182

Financial

-

28.3%

spacing

1st

Source

Corp.

35

2,096

ACNB

Corp.

1,198

52,317

Air

Lease

Corp.

70,271

3,182,574

Amalgamated

Financial

Corp.

8,693

272,699

Ambac

Financial

Group,

Inc.

*

16,062

180,055

American

Coastal

Insurance

Corp.

Class C *

10,120

114,052

AMERISAFE,

Inc.

4,704

227,344

Arrow

Financial

Corp.

3,792

108,679

Assured

Guaranty

Ltd.

14,562

1,157,970

Axis

Capital

Holdings

Ltd.

25,742

2,049,321

Axos

Financial,

Inc.

*

29,033

1,825,595

Banc

of

California,

Inc.

71,093

1,047,200

BancFirst

Corp.

4,312

453,838

Bancorp,

Inc.

*

22,787

1,219,104

Bank

First

Corp.

2,453

222,487

a

Shares

Value

Bank

of

Hawaii

Corp.

10,629

$

667,182

Bank

of

Marin

Bancorp

2,673

53,701

Bank

of

NT

Butterfield

&

Son

Ltd.

(Bermuda) 

24,430

900,978

Bank

OZK

53,145

2,284,704

Bank7

Corp.

1,056

39,568

BankUnited,

Inc.

27,906

1,016,895

Banner

Corp.

14,797

881,309

Bar

Harbor

Bankshares

3,835

118,271

BCB

Bancorp,

Inc.

2,533

31,257

Berkshire

Hills

Bancorp,

Inc.

10,853

292,271

Bread

Financial

Holdings,

Inc.

27,752

1,320,440

Brighthouse

Financial,

Inc.

*

29,409

1,324,287

Brookline

Bancorp,

Inc.

22,094

222,928

Burke

&

Herbert

Financial

Services

Corp.

1,771

108,013

Business

First

Bancshares,

Inc.

6,403

164,365

Byline

Bancorp,

Inc.

12,386

331,573

Camden

National

Corp.

3,610

149,165

Capital

Bancorp,

Inc.

1,185

30,466

Capital

City

Bank

Group,

Inc.

4,138

146,030

Carter

Bankshares,

Inc.

*

5,580

97,036

Cathay

General

Bancorp

31,077

1,334,757

Central

Pacific

Financial

Corp.

12,546

370,232

City

Holding

Co.

3,784

444,204

CNB

Financial

Corp.

7,883

189,665

CNO

Financial

Group,

Inc.

55,825

1,959,457

Coastal

Financial

Corp.

*

2,052

110,787

Colony

Bankcorp,

Inc.

3,701

57,440

Columbia

Banking

System,

Inc.

97,352

2,541,861

Community

Trust

Bancorp,

Inc.

7,010

348,117

Community

West

Bancshares

4,754

91,562

ConnectOne

Bancorp,

Inc.

15,200

380,760

CrossFirst

Bankshares,

Inc.

*

15,517

258,979

Customers

Bancorp,

Inc.

*

14,672

681,514

Diamond

Hill

Investment

Group,

Inc.

564

91,148

Dime

Community

Bancshares,

Inc.

14,727

424,138

Eagle

Bancorp,

Inc.

7,458

168,402

Eastern

Bankshares,

Inc.

9,242

151,476

Employers

Holdings,

Inc.

11,004

527,862

Enact

Holdings,

Inc.

11,883

431,709

Enstar

Group

Ltd.

*

3,055

982,457

Enterprise

Bancorp,

Inc.

2,158

68,970

Enterprise

Financial

Services

Corp.

16,009

820,621

Esquire

Financial

Holdings,

Inc.

3,301

215,258

Evans

Bancorp,

Inc.

879

34,255

EZCORP,

Inc.

Class A *

14,145

158,565

F&G

Annuities

&

Life,

Inc.

7,127

318,719

Farmers

National

Banc

Corp.

9,497

143,595

Federal

Agricultural

Mortgage

Corp.

Class C 

4,413

827,040

Fidelis

Insurance

Holdings

Ltd.

(United

Kingdom) 

40,864

738,004

Financial

Institutions,

Inc.

6,788

172,890

First

BanCorp

67,515

1,429,293

First

Bancshares,

Inc.

12,248

393,528

First

Bank

3,326

50,555

First

Busey

Corp.

19,910

518,058

First

Business

Financial

Services,

Inc.

1,234

56,258

First

Commonwealth

Financial

Corp.

44,859

769,332

First

Financial

Bancorp

23,834

601,332

First

Financial

Corp.

4,843

212,366

First

Foundation,

Inc.

12,147

75,797

First

Internet

Bancorp

2,323

79,586

First

Interstate

BancSystem,

Inc.

Class A 

22,322

684,839

First

Merchants

Corp.

15,123

562,576

157

PACIFIC

SELECT

FUND

SMALL-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

First

Mid

Bancshares,

Inc.

9,158

$

356,338

First

of

Long

Island

Corp.

5,069

65,238

Five

Star

Bancorp

6,654

197,823

Flushing

Financial

Corp.

5,525

80,554

FNB

Corp.

91,016

1,284,236

FS

Bancorp,

Inc.

1,455

64,733

Fulton

Financial

Corp.

67,481

1,223,431

Genworth

Financial,

Inc.

*

106,397

728,819

German

American

Bancorp,

Inc.

7,373

285,704

Great

Southern

Bancorp,

Inc.

3,986

228,438

Greenlight

Capital

Re

Ltd.

Class A *

10,186

139,039

Guaranty

Bancshares,

Inc.

1,073

36,890

Hancock

Whitney

Corp.

31,621

1,618,047

Hanmi

Financial

Corp.

13,791

256,513

HarborOne

Bancorp,

Inc.

8,959

116,288

HCI

Group,

Inc.

3,493

373,961

Heritage

Commerce

Corp.

25,761

254,519

Heritage

Financial

Corp.

8,431

183,543

Heritage

Insurance

Holdings,

Inc.

*

8,664

106,047

Hingham

Institution

For

Savings

410

99,757

Home

Bancorp,

Inc.

1,206

53,763

HomeTrust

Bancshares,

Inc.

6,873

234,232

Hope

Bancorp,

Inc.

48,294

606,573

Howard

Hughes

Holdings,

Inc.

*

16,772

1,298,656

Independent

Bank

Corp.

(IBCP

US)

8,425

280,974

Independent

Bank

Corp.

(INDB

US)

10,218

604,190

International

Bancshares

Corp.

23,338

1,395,379

International

Money

Express,

Inc.

*

7,432

137,418

Investors

Title

Co.

571

131,216

Jackson

Financial,

Inc.

Class A 

27,072

2,469,779

James

River

Group

Holdings

Ltd.

5,984

37,520

Kearny

Financial

Corp.

9,146

62,833

Legacy

Housing

Corp.

*

3,487

95,369

LendingClub

Corp.

*

28,585

326,727

MARA

Holdings,

Inc.

*

182,365

2,957,960

Medallion

Financial

Corp.

5,800

47,212

Mercantile

Bank

Corp.

7,614

332,884

Merchants

Bancorp

9,284

417,409

Mercury

General

Corp.

9,394

591,634

Metrocity

Bankshares,

Inc.

4,401

134,759

Metropolitan

Bank

Holding

Corp.

*

4,767

250,649

MGIC

Investment

Corp.

77,055

1,972,608

Mid

Penn

Bancorp,

Inc.

2,052

61,211

Midland

States

Bancorp,

Inc.

9,588

214,579

MidWestOne

Financial

Group,

Inc.

2,492

71,097

National

Bank

Holdings

Corp.

Class A 

13,993

589,105

Navient

Corp.

31,904

497,383

Nelnet,

Inc.

Class A 

2,859

323,867

NMI

Holdings,

Inc.

*

34,954

1,439,755

Northeast

Bank

3,299

254,452

Northfield

Bancorp,

Inc.

9,490

110,084

Northrim

BanCorp,

Inc.

2,149

153,052

Northwest

Bancshares,

Inc.

47,030

629,261

OceanFirst

Financial

Corp.

24,155

449,041

OFG

Bancorp

22,123

993,765

Old

National

Bancorp

83,082

1,550,310

Old

Second

Bancorp,

Inc.

21,004

327,452

Oppenheimer

Holdings,

Inc.

Class A 

4,774

244,238

Orange

County

Bancorp,

Inc.

765

46,145

Origin

Bancorp,

Inc.

12,256

394,153

Orrstown

Financial

Services,

Inc.

5,282

189,941

Palomar

Holdings,

Inc.

*

7,474

707,564

Pathward

Financial,

Inc.

12,237

807,764

Paysign,

Inc.

*

10,230

37,544

a

Shares

Value

Peapack-Gladstone

Financial

Corp.

2,958

$

81,079

PennyMac

Financial

Services,

Inc.

6,861

781,948

Peoples

Bancorp

of

North

Carolina,

Inc.

1,523

38,669

Peoples

Bancorp,

Inc.

15,506

466,576

Preferred

Bank

3,941

316,265

Premier

Financial

Corp.

16,322

383,241

ProAssurance

Corp.

*

6,630

99,715

Provident

Financial

Services,

Inc.

29,837

553,775

QCR

Holdings,

Inc.

7,356

544,565

Radian

Group,

Inc.

74,485

2,583,885

RBB

Bancorp

5,413

124,607

Regional

Management

Corp.

2,835

92,733

Republic

Bancorp,

Inc.

Class A 

3,173

207,197

S&T

Bancorp,

Inc.

16,226

681,005

Sandy

Spring

Bancorp,

Inc.

18,301

574,102

Seaport

Entertainment

Group,

Inc.

*

1,059

29,038

Shore

Bancshares,

Inc.

7,524

105,261

Simmons

First

National

Corp.

Class A 

29,935

644,800

SiriusPoint

Ltd.

*

(Sweden) 

46,337

664,473

SLM

Corp.

109,373

2,501,360

SmartFinancial,

Inc.

2,997

87,333

South

Plains

Financial,

Inc.

5,686

192,869

Southern

Missouri

Bancorp,

Inc.

4,057

229,180

Southside

Bancshares,

Inc.

5,000

167,150

Stellar

Bancorp,

Inc.

19,619

507,936

Stock

Yards

Bancorp,

Inc.

12,518

775,991

StoneX

Group,

Inc.

*

11,343

928,765

Synovus

Financial

Corp.

41,351

1,838,879

Texas

Capital

Bancshares,

Inc.

*

16,034

1,145,790

Third

Coast

Bancshares,

Inc.

*

1,603

42,912

Towne

Bank

16,278

538,151

TriCo

Bancshares

12,471

531,888

TrustCo

Bank

Corp.

6,784

224,347

Trustmark

Corp.

24,838

790,345

UMB

Financial

Corp.

18,882

1,984,687

Unity

Bancorp,

Inc.

1,427

48,604

Universal

Insurance

Holdings,

Inc.

12,111

268,380

Univest

Financial

Corp.

10,436

293,669

Valley

National

Bancorp

117,388

1,063,535

Veritex

Holdings,

Inc.

13,478

354,741

WaFd,

Inc.

32,279

1,124,923

Walker

&

Dunlop,

Inc.

14,601

1,658,528

Washington

Trust

Bancorp,

Inc.

7,037

226,662

Waterstone

Financial,

Inc.

3,999

58,785

West

BanCorp,

Inc.

1,584

30,112

Westamerica

BanCorp

12,366

611,128

Wintrust

Financial

Corp.

1,771

192,207

World

Acceptance

Corp.

*

1,335

157,503

WSFS

Financial

Corp.

22,691

1,157,014

103,711,467

Industrial

-

18.9%

spacing

Air

Transport

Services

Group,

Inc.

*

47,574

770,223

Apogee

Enterprises,

Inc.

11,730

821,276

ArcBest

Corp.

7,661

830,835

Ardmore

Shipping

Corp.

(Ireland) 

31,186

564,467

Argan,

Inc.

10,476

1,062,581

Astec

Industries,

Inc.

5,486

175,223

Atkore,

Inc.

21,282

1,803,437

Avnet,

Inc.

57,449

3,120,055

Bel

Fuse,

Inc.

Class A 

572

56,874

Bel

Fuse,

Inc.

Class B 

7,030

551,925

Benchmark

Electronics,

Inc.

28,088

1,244,860

Boise

Cascade

Co.

18,222

2,568,938

158

PACIFIC

SELECT

FUND

SMALL-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Clearwater

Paper

Corp.

*

13,820

$

394,423

Core

Molding

Technologies,

Inc.

*

1,565

26,934

Costamare,

Inc.

(Monaco) 

27,328

429,596

Covenant

Logistics

Group,

Inc.

4,506

238,097

DHT

Holdings,

Inc.

81,352

897,313

Dorian

LPG

Ltd.

28,235

971,849

Eastern

Co.

1,898

61,590

Eastman

Kodak

Co.

*

20,462

96,581

Energy

Services

of

America

Corp.

4,529

43,025

EnerSys

20,914

2,134,274

GATX

Corp.

24,266

3,214,032

Genco

Shipping

&

Trading

Ltd.

28,282

551,499

Granite

Construction,

Inc.

30,720

2,435,482

Great

Lakes

Dredge

&

Dock

Corp.

*

18,156

191,183

Greenbrier

Cos.,

Inc.

20,242

1,030,115

Heartland

Express,

Inc.

24,466

300,442

Hub

Group,

Inc.

Class A 

20,012

909,545

Hyster-Yale,

Inc.

5,422

345,761

IES

Holdings,

Inc.

*

3,137

626,208

Insteel

Industries,

Inc.

8,747

271,944

International

Seaways,

Inc.

33,200

1,711,792

JELD-WEN

Holding,

Inc.

*

35,226

556,923

Karat

Packaging,

Inc.

2,484

64,311

Kennametal,

Inc.

51,793

1,342,992

Kimball

Electronics,

Inc.

*

11,718

216,900

Knife

River

Corp.

*

20,250

1,810,147

L.B.

Foster

Co.

Class A *

3,728

76,163

Latham

Group,

Inc.

*

14,437

98,172

Limbach

Holdings,

Inc.

*

3,494

264,705

Lindsay

Corp.

3,861

481,235

LSB

Industries,

Inc.

*

22,138

177,989

LSI

Industries,

Inc.

6,197

100,082

Luxfer

Holdings

PLC

(United

Kingdom) 

13,490

174,695

Manitowoc

Co.,

Inc.

*

9,736

93,660

Marten

Transport

Ltd.

37,154

657,626

Matson,

Inc.

22,133

3,156,608

MDU

Resources

Group,

Inc.

120,191

3,294,435

Metallus,

Inc.

*

29,397

435,957

Mueller

Water

Products,

Inc.

Class A 

51,153

1,110,020

Myers

Industries,

Inc.

2,862

39,553

MYR

Group,

Inc.

*

5,180

529,551

NN,

Inc.

*

19,073

74,385

Nordic

American

Tankers

Ltd.

128,878

472,982

Northwest

Pipe

Co.

*

3,310

149,380

Olympic

Steel,

Inc.

4,083

159,237

Orion

Group

Holdings,

Inc.

*

14,326

82,661

Pangaea

Logistics

Solutions

Ltd.

10,318

74,599

Park-Ohio

Holdings

Corp.

1,684

51,699

Plexus

Corp.

*

13,218

1,807,033

Powell

Industries,

Inc.

5,793

1,285,988

Primoris

Services

Corp.

7,845

455,638

Ryder

System,

Inc.

15,791

2,302,328

Ryerson

Holding

Corp.

11,708

233,106

Safe

Bulkers,

Inc.

(Monaco) 

43,130

223,413

Sanmina

Corp.

*

17,017

1,164,814

Schneider

National,

Inc.

Class B 

25,317

722,547

Scorpio

Tankers,

Inc.

(Monaco) 

32,965

2,350,404

SFL

Corp.

Ltd.

(Norway) 

76,594

886,193

Smith

&

Wesson

Brands,

Inc.

23,507

305,121

Sterling

Infrastructure,

Inc.

*

10,241

1,485,150

Stoneridge,

Inc.

*

4,459

49,896

Taylor

Devices,

Inc.

*

1,260

62,899

Teekay

Corp.

*

(Bermuda) 

41,704

383,677

Teekay

Tankers

Ltd.

Class A (Canada) 

18,044

1,051,063

a

Shares

Value

Tennant

Co.

7,048

$

676,890

Terex

Corp.

29,964

1,585,395

Tredegar

Corp.

*

9,878

72,011

Trinity

Industries,

Inc.

37,844

1,318,485

TTM

Technologies,

Inc.

*

43,371

791,521

Tutor

Perini

Corp.

*

35,481

963,664

Universal

Logistics

Holdings,

Inc.

4,358

187,873

Vishay

Intertechnology,

Inc.

58,380

1,103,966

Werner

Enterprises,

Inc.

21,493

829,415

Willis

Lease

Finance

Corp.

939

139,733

World

Kinect

Corp.

20,481

633,068

Worthington

Enterprises,

Inc.

1,984

82,237

69,352,574

Technology

-

1.3%

spacing

Climb

Global

Solutions,

Inc.

896

89,188

Cricut,

Inc.

Class A 

23,142

160,374

CSP,

Inc.

2,783

36,151

Diodes,

Inc.

*

8,810

564,633

DXC

Technology

Co.

*

99,167

2,057,715

inTEST

Corp.

*

2,174

15,870

Photronics,

Inc.

*

29,117

720,937

Playstudios,

Inc.

*

19,041

28,752

PubMatic,

Inc.

Class A *

15,577

231,630

SMART

Global

Holdings,

Inc.

*

35,981

753,802

Vishay

Precision

Group,

Inc.

*

6,849

177,389

4,836,441

Utilities

-

0.3%

spacing

Ameresco,

Inc.

Class A *

25,620

972,023

Total

Common

Stocks

    (Cost

$341,027,964)

365,868,684

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.3%

Repurchase

Agreements

-

0.3%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$1,008,447;

collateralized

by

U.S.

Treasury

Obligations:

4.500%

due

11/15/33

and

value

$1,028,506)

$

1,008,323

1,008,323

a

Total

Short-Term

Investments

(Cost

$1,008,323)

1,008,323

TOTAL

INVESTMENTS

-

100.0%

(Cost

$342,036,287)

366,880,131

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

68,303

)

NET

ASSETS

-

100.0%

$

366,811,828

159

PACIFIC

SELECT

FUND

SMALL-CAP

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Rights

$

3,124

$

3,124

$

–

$

–

Common

Stocks

365,868,684

365,868,684

–

–

Short-Term

Investments

1,008,323

–

1,008,323

–

Total

$

366,880,131

$

365,871,808

$

1,008,323

$

–

PACIFIC

SELECT

FUND

VALUE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

160

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

98.2%

Basic

Materials

-

0.6%

spacing

Akzo

Nobel

NV

(Netherlands) 

79,591

$

5,622,397

Communications

-

7.1%

spacing

BCE,

Inc.

(Canada) 

118,031

4,103,529

Cisco

Systems,

Inc.

315,409

16,786,067

F5,

Inc.

*

73,996

16,293,919

Verizon

Communications,

Inc.

355,859

15,981,628

Walt

Disney

Co.

91,300

8,782,147

61,947,290

Consumer,

Cyclical

-

4.1%

spacing

Aptiv

PLC

*

80,450

5,793,204

Beacon

Roofing

Supply,

Inc.

*

51,379

4,440,687

Dollar

Tree,

Inc.

*

84,822

5,964,683

General

Motors

Co.

115,194

5,165,299

MSC

Industrial

Direct

Co.,

Inc.

Class A 

113,198

9,741,820

Southwest

Airlines

Co.

151,831

4,498,753

35,604,446

Consumer,

Non-Cyclical

-

32.1%

spacing

Becton

Dickinson

&

Co.

49,079

11,832,947

Centene

Corp.

*

114,385

8,610,903

Conagra

Brands,

Inc.

310,759

10,105,883

CVS

Health

Corp.

133,015

8,363,983

General

Mills,

Inc.

157,694

11,645,702

Heineken

Holding

NV

(Netherlands) 

136,683

10,326,496

Henry

Schein,

Inc.

*

189,876

13,841,960

Johnson

&

Johnson

229,542

37,199,577

Kenvue,

Inc.

546,129

12,631,964

Kimberly-Clark

Corp.

92,352

13,139,843

Koninklijke

Ahold

Delhaize

NV

(Netherlands) 

129,046

4,457,381

Medtronic

PLC

372,577

33,543,107

Merck

&

Co.,

Inc.

41,018

4,658,004

Mondelez

International,

Inc.

Class A 

120,090

8,847,030

Pernod

Ricard

SA

(France) 

64,114

9,699,957

Quest

Diagnostics,

Inc.

56,496

8,771,004

Reckitt

Benckiser

Group

PLC

(United

Kingdom) 

108,489

6,637,812

Roche

Holding

AG

25,979

8,313,726

Unilever

PLC

ADR

(United

Kingdom) 

218,995

14,225,915

UnitedHealth

Group,

Inc.

14,711

8,601,227

Universal

Health

Services,

Inc.

Class B 

27,079

6,201,362

Zimmer

Biomet

Holdings,

Inc.

274,357

29,616,838

281,272,621

Energy

-

7.2%

spacing

Baker

Hughes

Co.

240,367

8,689,267

Chevron

Corp.

25,788

3,797,799

Coterra

Energy,

Inc.

234,204

5,609,186

Enterprise

Products

Partners

LP

393,712

11,460,956

Exxon

Mobil

Corp.

182,093

21,344,941

Shell

PLC

262,571

8,518,257

TotalEnergies

SE

ADR

(France) 

64,214

4,149,509

63,569,915

Financial

-

22.1%

spacing

Allstate

Corp.

81,128

15,385,925

American

Tower

Corp.

REIT

37,682

8,763,326

Bank

of

New

York

Mellon

Corp.

210,638

15,136,447

a

Shares

Value

Berkshire

Hathaway,

Inc.

Class B *

38,315

$

17,634,862

BlackRock,

Inc.

18,819

17,868,829

Charles

Schwab

Corp.

250,467

16,232,766

Chubb

Ltd.

15,405

4,442,648

Equity

Residential

REIT

69,569

5,180,108

JPMorgan

Chase

&

Co.

129,591

27,325,558

MetLife,

Inc.

65,002

5,361,365

Northern

Trust

Corp.

100,516

9,049,455

Realty

Income

Corp.

REIT

85,062

5,394,632

Truist

Financial

Corp.

382,699

16,368,036

U.S.

Bancorp

374,401

17,121,358

Willis

Towers

Watson

PLC

40,388

11,895,478

193,160,793

Industrial

-

12.9%

spacing

CRH

PLC

94,658

8,778,583

Dover

Corp.

27,831

5,336,316

Emerson

Electric

Co.

100,186

10,957,343

Graphic

Packaging

Holding

Co.

377,171

11,160,490

Johnson

Controls

International

PLC

78,540

6,095,489

Norfolk

Southern

Corp.

84,659

21,037,761

Oshkosh

Corp.

57,370

5,749,048

Packaging

Corp.

of

America

26,370

5,680,098

RTX

Corp.

107,731

13,052,688

Siemens

AG

(Germany) 

34,792

7,038,695

United

Parcel

Service,

Inc.

Class B 

130,599

17,805,867

112,692,378

Technology

-

5.7%

spacing

Amdocs

Ltd.

109,830

9,607,928

Analog

Devices,

Inc.

75,953

17,482,102

Cognizant

Technology

Solutions

Corp.

Class A 

64,407

4,970,932

ON

Semiconductor

Corp.

*

63,885

4,638,690

QUALCOMM,

Inc.

27,194

4,624,340

TE

Connectivity

PLC

(Ireland) 

55,247

8,341,745

49,665,737

Utilities

-

6.4%

spacing

Duke

Energy

Corp.

148,235

17,091,496

Edison

International

117,481

10,231,420

Eversource

Energy

149,102

10,146,391

Xcel

Energy,

Inc.

281,686

18,394,096

55,863,403

Total

Common

Stocks

    (Cost

$773,909,375)

859,398,980

161

PACIFIC

SELECT

FUND

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

forward

foreign

currency

contracts

outstanding

were

as

follows:

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

1.8%

Repurchase

Agreements

-

1.8%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$15,872,600;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$16,188,231)

$

15,870,638

$

15,870,638

a

Total

Short-Term

Investments

(Cost

$15,870,638)

15,870,638

TOTAL

INVESTMENTS

-

100.0%

(Cost

$789,780,013)

875,269,618

DERIVATIVES

-

(0.0%)

(

104,953

)

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.0%

449,174

NET

ASSETS

-

100.0%

$

875,613,839

Currency

Purchased

Currency

Sold

Settlement

Month

Counterparty

Unrealized

Appreciation

Unrealized

Depreciation

USD

3,554,677

CAD

4,788,577

12/24

BOA

$

6,789

$

–

USD

3,505,498

CHF

2,953,487

12/24

MSC

–

(

14,695

)

USD

3,506,789

CHF

2,953,488

12/24

UBS

–

(

13,405

)

USD

8,057,281

EUR

7,215,393

12/24

CIT

–

(

285

)

USD

8,051,513

EUR

7,215,393

12/24

GSC

–

(

6,053

)

USD

2,913,287

EUR

2,602,088

12/24

GSC

7,486

–

USD

8,056,672

EUR

7,215,393

12/24

JPM

–

(

894

)

USD

8,049,998

EUR

7,215,393

12/24

UBS

–

(

7,569

)

USD

12,675,503

GBP

9,512,573

12/24

BOA

–

(

40,066

)

USD

12,679,309

GBP

9,512,573

12/24

GSC

–

(

36,261

)

Total

Forward

Foreign

Currency

Contracts

$

14,275

(

$

119,228

)

162

PACIFIC

SELECT

FUND

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

Basic

Materials

$

5,622,397

$

–

$

5,622,397

$

–

Communications

61,947,290

61,947,290

–

–

Consumer,

Cyclical

35,604,446

35,604,446

–

–

Consumer,

Non-Cyclical

281,272,621

246,294,630

34,977,991

–

Energy

63,569,915

55,051,658

8,518,257

–

Financial

193,160,793

193,160,793

–

–

Industrial

112,692,378

105,653,683

7,038,695

–

Technology

49,665,737

49,665,737

–

–

Utilities

55,863,403

55,863,403

–

–

Total

Common

Stocks

859,398,980

803,241,640

56,157,340

–

Short-Term

Investments

15,870,638

–

15,870,638

–

Derivatives:

Foreign

Currency

Contracts

Forward

Foreign

Currency

Contracts

14,275

–

14,275

–

Total

Assets

875,283,893

803,241,640

72,042,253

–

Liabilities

Derivatives:

Foreign

Currency

Contracts

Forward

Foreign

Currency

Contracts

(

119,228

)

–

(

119,228

)

–

Total

Liabilities

(

119,228

)

–

(

119,228

)

–

Total

$

875,164,665

$

803,241,640

$

71,923,025

$

–

PACIFIC

SELECT

FUND

VALUE

ADVANTAGE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

163

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

97.4%

Basic

Materials

-

1.0%

spacing

Axalta

Coating

Systems

Ltd.

*

186,313

$

6,742,668

International

Paper

Co.

89,198

4,357,322

11,099,990

Communications

-

5.3%

spacing

Amazon.com,

Inc.

*

43,954

8,189,949

Booking

Holdings,

Inc.

1,203

5,067,180

CDW

Corp.

11,886

2,689,802

Cisco

Systems,

Inc.

82,112

4,370,001

Expedia

Group,

Inc.

*

38,304

5,669,758

IAC,

Inc.

*

152,124

8,187,314

Meta

Platforms,

Inc.

Class A 

5,262

3,012,179

Nexstar

Media

Group,

Inc.

27,730

4,585,156

Sirius

XM

Holdings,

Inc.

156,573

3,702,951

T-Mobile

U.S.,

Inc.

24,976

5,154,047

Verizon

Communications,

Inc.

136,364

6,124,107

56,752,444

Consumer,

Cyclical

-

7.0%

spacing

AutoZone,

Inc.

*

2,428

7,648,297

Bath

&

Body

Works,

Inc.

293,416

9,365,839

Best

Buy

Co.,

Inc.

54,590

5,639,147

Carter's,

Inc.

92,143

5,987,452

Columbia

Sportswear

Co.

42,511

3,536,490

Dick's

Sporting

Goods,

Inc.

21,116

4,406,909

Home

Depot,

Inc.

13,599

5,510,315

Lowe's

Cos.,

Inc.

39,451

10,685,304

McDonald's

Corp.

39,531

12,037,585

Murphy

USA,

Inc.

10,322

5,087,404

Texas

Roadhouse,

Inc.

17,147

3,028,160

Ulta

Beauty,

Inc.

*

6,876

2,675,589

75,608,491

Consumer,

Non-Cyclical

-

20.6%

spacing

AbbVie,

Inc.

111,118

21,943,583

Bristol-Myers

Squibb

Co.

350,534

18,136,629

Cencora,

Inc.

55,328

12,453,226

Cigna

Group

19,477

6,747,612

Corpay,

Inc.

*

19,299

6,035,955

CVS

Health

Corp.

107,256

6,744,257

HCA

Healthcare,

Inc.

32,462

13,193,531

Henry

Schein,

Inc.

*

156,905

11,438,375

Humana,

Inc.

20,692

6,553,984

Johnson

&

Johnson

69,465

11,257,498

Kenvue,

Inc.

181,603

4,200,477

Keurig

Dr.

Pepper,

Inc.

290,657

10,893,824

Labcorp

Holdings,

Inc.

37,703

8,425,866

McKesson

Corp.

5,349

2,644,653

Medtronic

PLC

53,900

4,852,617

Merck

&

Co.,

Inc.

79,188

8,992,589

Paylocity

Holding

Corp.

*

20,035

3,305,174

Philip

Morris

International,

Inc.

84,331

10,237,783

Post

Holdings,

Inc.

*

78,566

9,094,015

Procter

&

Gamble

Co.

69,722

12,075,850

Regeneron

Pharmaceuticals,

Inc.

*

7,507

7,891,659

UnitedHealth

Group,

Inc.

15,292

8,940,927

Vertex

Pharmaceuticals,

Inc.

*

8,643

4,019,687

WillScot

Holdings

Corp.

*

199,994

7,519,774

Zimmer

Biomet

Holdings,

Inc.

45,933

4,958,467

222,558,012

a

Shares

Value

Energy

-

7.9%

spacing

Chevron

Corp.

123,605

$

18,203,308

ConocoPhillips

159,269

16,767,840

Coterra

Energy,

Inc.

164,268

3,934,218

EOG

Resources,

Inc.

103,361

12,706,168

EQT

Corp.

82,219

3,012,504

Kinder

Morgan,

Inc.

471,507

10,415,590

Phillips

66

67,573

8,882,471

Williams

Cos.,

Inc.

257,338

11,747,480

85,669,579

Financial

-

34.1%

spacing

American

Express

Co.

43,029

11,669,465

American

Homes

4

Rent

Class A REIT

193,447

7,426,430

Apple

Hospitality

REIT,

Inc.

259,477

3,853,233

Arch

Capital

Group

Ltd.

*

40,673

4,550,495

Bank

of

America

Corp.

495,540

19,663,027

Berkshire

Hathaway,

Inc.

Class B *

62,638

28,829,766

Capital

One

Financial

Corp.

143,325

21,460,052

CBRE

Group,

Inc.

Class A *

41,447

5,159,323

Charles

Schwab

Corp.

113,086

7,329,104

Chubb

Ltd.

27,718

7,993,594

EastGroup

Properties,

Inc.

REIT

18,499

3,455,983

Federal

Realty

Investment

Trust

REIT

62,439

7,178,612

Fifth

Third

Bancorp

105,389

4,514,865

First

Citizens

BancShares,

Inc.

Class A 

5,967

10,984,949

Host

Hotels

&

Resorts,

Inc.

REIT

157,764

2,776,646

Kimco

Realty

Corp.

REIT

214,295

4,975,930

Lamar

Advertising

Co.

Class A REIT

64,079

8,560,954

Loews

Corp.

213,852

16,905,001

LPL

Financial

Holdings,

Inc.

12,133

2,822,500

M&T

Bank

Corp.

137,395

24,472,797

MGIC

Investment

Corp.

329,687

8,439,987

Mid-America

Apartment

Communities,

Inc.

REIT

66,143

10,510,123

Morgan

Stanley

75,258

7,844,894

Northern

Trust

Corp.

121,934

10,977,718

Outfront

Media,

Inc.

REIT

3,397

62,437

PNC

Financial

Services

Group,

Inc.

67,506

12,478,484

Progressive

Corp.

21,297

5,404,327

Public

Storage

REIT

24,704

8,989,044

Rayonier,

Inc.

REIT

122,794

3,951,511

Regency

Centers

Corp.

REIT

129,589

9,360,213

Regions

Financial

Corp.

420,751

9,816,121

SBA

Communications

Corp.

REIT

13,855

3,334,899

State

Street

Corp.

136,036

12,035,105

Travelers

Cos.,

Inc.

67,868

15,889,256

W.R.

Berkley

Corp.

93,905

5,327,231

Wells

Fargo

&

Co.

528,792

29,871,460

Weyerhaeuser

Co.

REIT

280,673

9,503,588

368,379,124

Industrial

-

14.5%

spacing

Carlisle

Cos.,

Inc.

23,128

10,401,818

Dover

Corp.

55,238

10,591,334

Eaton

Corp.

PLC

13,496

4,473,114

FedEx

Corp.

41,453

11,344,857

Fortune

Brands

Innovations,

Inc.

86,748

7,766,548

General

Dynamics

Corp.

32,285

9,756,527

Graphic

Packaging

Holding

Co.

269,116

7,963,142

Honeywell

International,

Inc.

41,865

8,653,914

Martin

Marietta

Materials,

Inc.

14,906

8,023,155

Middleby

Corp.

*

11,545

1,606,256

164

PACIFIC

SELECT

FUND

VALUE

ADVANTAGE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Mohawk

Industries,

Inc.

*

65,868

$

10,583,670

Northrop

Grumman

Corp.

5,669

2,993,629

Packaging

Corp.

of

America

31,559

6,797,809

RTX

Corp.

82,733

10,023,930

Silgan

Holdings,

Inc.

74,622

3,917,655

Smurfit

WestRock

PLC

158,645

7,840,236

TD

SYNNEX

Corp.

96,600

11,599,728

Timken

Co.

54,723

4,612,602

Union

Pacific

Corp.

36,493

8,994,795

United

Parcel

Service,

Inc.

Class B 

61,792

8,424,721

156,369,440

Technology

-

3.2%

spacing

Analog

Devices,

Inc.

23,159

5,330,507

Hewlett

Packard

Enterprise

Co.

172,421

3,527,734

International

Business

Machines

Corp.

22,793

5,039,076

Microchip

Technology,

Inc.

73,737

5,920,344

NXP

Semiconductors

NV

(China) 

13,194

3,166,692

Texas

Instruments,

Inc.

58,465

12,077,115

35,061,468

Utilities

-

3.8%

spacing

Edison

International

62,937

5,481,183

Entergy

Corp.

28,045

3,691,002

NextEra

Energy,

Inc.

114,555

9,683,334

NiSource,

Inc.

69,016

2,391,404

PG&E

Corp.

410,167

8,109,002

Public

Service

Enterprise

Group,

Inc.

66,646

5,945,490

Xcel

Energy,

Inc.

83,539

5,455,097

40,756,512

Total

Common

Stocks

    (Cost

$823,858,631)

1,052,255,060

Principal

Amount

SHORT-TERM

INVESTMENTS

-

2.6%

Repurchase

Agreements

-

2.6%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$28,432,019;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$28,997,154)

$

28,428,505

28,428,505

a

Total

Short-Term

Investments

(Cost

$28,428,505)

28,428,505

TOTAL

INVESTMENTS

-

100.0%

(Cost

$852,287,136)

1,080,683,565

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

73,693

)

NET

ASSETS

-

100.0%

$

1,080,609,872

165

PACIFIC

SELECT

FUND

VALUE

ADVANTAGE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

1,052,255,060

$

1,052,255,060

$

–

$

–

Short-Term

Investments

28,428,505

–

28,428,505

–

Total

$

1,080,683,565

$

1,052,255,060

$

28,428,505

$

–

PACIFIC

SELECT

FUND

EMERGING

MARKETS

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

166

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

PREFERRED

STOCKS

-

0.9%

Brazil

-

0.9%

spacing

Itau

Unibanco

Holding

SA

975,134

$

6,463,662

Total

Preferred

Stocks

    (Cost

$5,763,258)

6,463,662

COMMON

STOCKS

-

96.5%

Brazil

-

4.7%

spacing

Azzas

2154

SA

69,425

537,411

Banco

BTG

Pactual

SA

1,064,900

6,503,520

Localiza

Rent

a

Car

SA

978,984

7,367,943

NU

Holdings

Ltd.

Class A *

537,125

7,331,756

Raia

Drogasil

SA

1,093,100

5,114,657

Vale

SA

ADR

30,600

357,408

WEG

SA

840,375

8,390,329

35,603,024

Chile

-

1.1%

spacing

Antofagasta

PLC

150,562

4,058,375

Banco

de

Chile

33,668,462

4,299,734

8,358,109

China

-

21.1%

spacing

Airtac

International

Group

135,000

3,866,542

Alibaba

Group

Holding

Ltd.

ADR

196,481

20,850,564

Budweiser

Brewing

Co.

APAC

Ltd.

~

1,640,300

2,164,575

Contemporary

Amperex

Technology

Co.

Ltd.

Class A 

39,448

1,386,361

H

World

Group

Ltd.

75,700

284,957

H

World

Group

Ltd.

ADR

1,035,486

38,520,079

Meituan

Class B * ~

1,069,500

22,711,232

NetEase,

Inc.

ADR

38,521

3,602,099

New

Horizon

Health

Ltd.

* ~ ± Ω

813,000

369,695

PDD

Holdings,

Inc.

ADR

*

65,482

8,827,628

Tencent

Holdings

Ltd.

776,525

43,178,548

WuXi

XDC

Cayman,

Inc.

*

246,501

733,060

Yum

China

Holdings,

Inc.

100,629

4,530,318

ZTO

Express

Cayman,

Inc.

ADR

397,199

9,838,619

160,864,277

France

-

3.8%

spacing

Pernod

Ricard

SA

99,565

15,063,422

TotalEnergies

SE

215,872

14,017,709

29,081,131

Hong

Kong

-

1.1%

spacing

AIA

Group

Ltd.

998,418

8,719,042

India

-

16.6%

spacing

Adani

Ports

&

Special

Economic

Zone

Ltd.

256,999

4,437,860

Bajaj

Finance

Ltd.

10,912

1,002,572

Bajaj

Finserv

Ltd.

21,345

502,733

Bharti

Airtel

Ltd.

168,722

3,439,642

Havells

India

Ltd.

200,610

4,817,284

HCL

Technologies

Ltd.

219,183

4,694,932

HDFC

Bank

Ltd.

1,074,898

22,136,799

Infosys

Ltd.

382,266

8,538,577

Kotak

Mahindra

Bank

Ltd.

1,675,556

37,037,487

Macrotech

Developers

Ltd.

~

314,363

4,628,910

a

Shares

Value

Mahindra

&

Mahindra

Ltd.

71,566

$

2,641,391

Maruti

Suzuki

India

Ltd.

9,328

1,472,884

Oberoi

Realty

Ltd.

517,886

11,686,218

Sun

Pharmaceutical

Industries

Ltd.

23,580

542,114

Tata

Consultancy

Services

Ltd.

376,345

19,162,912

126,742,315

Indonesia

-

1.4%

spacing

Bank

Central

Asia

Tbk.

PT

16,160,800

11,021,153

Italy

-

3.1%

spacing

Ermenegildo

Zegna

NV

198,981

1,957,973

Moncler

SpA

115,093

7,317,225

PRADA

SpA

1,835,600

14,038,106

23,313,304

Japan

-

2.1%

spacing

Chugai

Pharmaceutical

Co.

Ltd.

99,200

4,808,332

Daiichi

Sankyo

Co.

Ltd.

330,200

10,907,275

15,715,607

Mexico

-

8.6%

spacing

America

Movil

SAB

de

CV

ADR

730,378

11,948,984

Fomento

Economico

Mexicano

SAB

de

CV

2,410,576

23,794,797

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV

Class B *

79,909

1,387,551

Grupo

Aeroportuario

del

Sureste

SAB

de

CV

Class B 

77,005

2,179,801

Grupo

Mexico

SAB

de

CV

3,407,039

18,993,940

Wal-Mart

de

Mexico

SAB

de

CV

2,297,666

6,904,667

65,209,740

Netherlands

-

1.0%

spacing

Argenx

SE

ADR

*

13,495

7,315,370

Peru

-

1.1%

spacing

Credicorp

Ltd.

44,702

8,089,721

Philippines

-

1.9%

spacing

SM

Investments

Corp.

668,479

11,421,874

SM

Prime

Holdings,

Inc.

4,937,000

2,842,837

14,264,711

Poland

-

0.8%

spacing

Allegro.eu

SA

* ~

652,295

5,897,715

Portugal

-

2.1%

spacing

Galp

Energia

SGPS

SA

857,159

16,043,727

Russia

-

0.0%

spacing

Novatek

PJSC

GDR

(OTC)

* ~ ± Ω

3,600

36,000

Polyus

PJSC

GDR

* ~ ± Ω

41,905

–

Sberbank

of

Russia

PJSC

* ± Ω

156,504

–

36,000

South

Africa

-

1.2%

spacing

FirstRand

Ltd.

1,872,808

8,984,428

South

Korea

-

6.9%

spacing

Kakao

Corp.

10,778

296,983

NAVER

Corp.

15,022

1,934,911

167

PACIFIC

SELECT

FUND

EMERGING

MARKETS

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$405,695

or 0.1%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

a

Shares

Value

Samsung

Biologics

Co.

Ltd.

* ~

17,196

$

12,790,471

Samsung

Electronics

Co.

Ltd.

664,613

31,063,199

SK

Hynix,

Inc.

51,258

6,860,205

52,945,769

Switzerland

-

0.5%

spacing

Cie

Financiere

Richemont

SA

Class A 

25,040

3,976,458

Taiwan

-

14.4%

spacing

Global

Unichip

Corp.

48,000

1,647,751

Hon

Hai

Precision

Industry

Co.

Ltd.

544,000

3,202,996

MediaTek,

Inc.

387,000

14,263,089

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

2,854,376

86,071,214

Voltronic

Power

Technology

Corp.

*

69,000

4,410,403

109,595,453

Turkey

-

0.9%

spacing

Akbank

TAS

628,133

1,131,457

BIM

Birlesik

Magazalar

AS

130,117

1,888,166

KOC

Holding

AS

580,905

3,196,910

Migros

Ticaret

AS

62,441

820,534

7,037,067

United

Arab

Emirates

-

0.3%

spacing

Americana

Restaurants

International

PLC

-

Foreign

Co.

2,828,355

2,067,744

United

Kingdom

-

1.3%

spacing

AstraZeneca

PLC

65,677

10,231,584

United

States

-

0.5%

spacing

Legend

Biotech

Corp.

ADR

*

78,651

3,832,663

Total

Common

Stocks

    (Cost

$669,493,453)

734,946,112

Principal

Amount

SHORT-TERM

INVESTMENTS

-

1.3%

Repurchase

Agreements

-

1.3%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$10,119,416;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$10,320,616)

$

10,118,165

10,118,165

Total

Short-Term

Investments

(Cost

$10,118,165)

10,118,165

TOTAL

INVESTMENTS

-

98.7%

(Cost

$685,374,876)

751,527,939

OTHER

ASSETS

&

LIABILITIES,

NET

-

1.3%

10,160,942

NET

ASSETS

-

100.0%

$

761,688,881

168

PACIFIC

SELECT

FUND

EMERGING

MARKETS

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Preferred

Stocks

$

6,463,662

$

6,463,662

$

–

$

–

Common

Stocks

Brazil

35,603,024

35,603,024

–

–

Chile

8,358,109

–

8,358,109

–

China

160,864,277

86,169,307

74,325,275

369,695

France

29,081,131

–

29,081,131

–

Hong

Kong

8,719,042

–

8,719,042

–

India

126,742,315

–

126,742,315

–

Indonesia

11,021,153

11,021,153

–

–

Italy

23,313,304

1,957,973

21,355,331

–

Japan

15,715,607

–

15,715,607

–

Mexico

65,209,740

65,209,740

–

–

Netherlands

7,315,370

7,315,370

–

–

Peru

8,089,721

8,089,721

–

–

Philippines

14,264,711

–

14,264,711

–

Poland

5,897,715

–

5,897,715

–

Portugal

16,043,727

–

16,043,727

–

Russia

36,000

–

–

36,000

South

Africa

8,984,428

–

8,984,428

–

South

Korea

52,945,769

–

52,945,769

–

Switzerland

3,976,458

–

3,976,458

–

Taiwan

109,595,453

–

109,595,453

–

Turkey

7,037,067

6,216,533

820,534

–

United

Arab

Emirates

2,067,744

–

2,067,744

–

United

Kingdom

10,231,584

–

10,231,584

–

United

States

3,832,663

3,832,663

–

–

Total

Common

Stocks

734,946,112

225,415,484

509,124,933

405,695

Short-Term

Investments

10,118,165

–

10,118,165

–

Total

$

751,527,939

$

231,879,146

$

519,243,098

$

405,695

PACIFIC

SELECT

FUND

INTERNATIONAL

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

169

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

99.4%

Australia

-

1.5%

spacing

Brambles

Ltd.

1,090,535

$

14,314,121

Canada

-

8.2%

spacing

Canadian

Pacific

Kansas

City

Ltd.

314,719

26,916,741

Dollarama,

Inc.

58,053

5,946,736

Loblaw

Cos.

Ltd.

109,228

14,543,812

Shopify,

Inc.

Class A *

190,888

15,297,764

Thomson

Reuters

Corp.

103,087

17,583,748

80,288,801

China

-

0.7%

spacing

Lenovo

Group

Ltd.

3,157,066

4,232,160

Zai

Lab

Ltd.

*

385,800

930,723

Zai

Lab

Ltd.

ADR

*

72,028

1,738,756

6,901,639

Denmark

-

5.1%

spacing

Novo

Nordisk

AS

Class B 

353,390

41,916,125

Zealand

Pharma

AS

*

64,253

7,817,755

49,733,880

France

-

8.2%

spacing

Bureau

Veritas

SA

209,482

6,949,895

Danone

SA

129,116

9,404,738

EssilorLuxottica

SA

16,995

4,026,526

L'Oreal

SA

33,396

14,979,329

LVMH

Moet

Hennessy

Louis

Vuitton

SE

26,203

20,094,438

Publicis

Groupe

SA

111,349

12,185,613

Safran

SA

55,129

12,973,111

80,613,650

Germany

-

7.4%

spacing

Deutsche

Boerse

AG

83,393

19,578,054

Deutsche

Telekom

AG

587,136

17,243,730

SAP

SE

155,999

35,682,041

72,503,825

India

-

1.5%

spacing

HDFC

Bank

Ltd.

475,524

9,793,096

HDFC

Bank

Ltd.

ADR

72,040

4,506,822

14,299,918

Ireland

-

0.4%

spacing

Accenture

PLC

Class A 

11,490

4,061,485

Italy

-

3.7%

spacing

Ferrari

NV

34,616

16,221,080

Intesa

Sanpaolo

SpA

4,611,300

19,739,564

35,960,644

Japan

-

14.8%

spacing

Asics

Corp.

349,274

7,337,593

Fujikura

Ltd.

151,256

5,139,684

Hoya

Corp.

136,060

18,844,791

Keyence

Corp.

38,394

18,400,785

MonotaRO

Co.

Ltd.

193,370

3,224,443

Nomura

Research

Institute

Ltd.

246,868

9,161,679

Olympus

Corp.

910,765

17,313,004

a

Shares

Value

SMC

Corp.

17,684

$

7,908,647

Sony

Group

Corp.

1,229,330

23,882,908

Terumo

Corp.

247,456

4,687,926

Tokio

Marine

Holdings,

Inc.

251,943

9,290,254

Tokyo

Electron

Ltd.

111,053

19,804,707

144,996,421

Netherlands

-

5.3%

spacing

Argenx

SE

*

31,059

16,793,281

ASML

Holding

NV

41,839

34,804,184

51,597,465

New

Zealand

-

0.7%

spacing

Xero

Ltd.

*

64,192

6,635,263

Portugal

-

1.5%

spacing

EDP

SA

3,271,195

14,919,238

Singapore

-

1.8%

spacing

Sea

Ltd.

ADR

*

185,323

17,472,252

Spain

-

6.2%

spacing

Banco

Bilbao

Vizcaya

Argentaria

SA

1,319,641

14,255,107

Industria

de

Diseno

Textil

SA

669,402

39,646,274

Puig

Brands

SA

Class B *

305,603

7,024,159

60,925,540

Sweden

-

3.0%

spacing

Atlas

Copco

AB

Class A 

943,741

18,290,078

EQT

AB

235,213

8,074,377

Hexagon

AB

Class B 

242,343

2,610,293

28,974,748

Switzerland

-

3.8%

spacing

ABB

Ltd.

255,217

14,806,567

Givaudan

SA

2,651

14,544,825

Straumann

Holding

AG

*

50,599

8,276,743

37,628,135

Taiwan

-

2.3%

spacing

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

739,685

22,304,555

United

Kingdom

-

14.6%

spacing

3i

Group

PLC

192,156

8,512,219

AstraZeneca

PLC

166,321

25,910,551

Compass

Group

PLC

443,859

14,229,981

Lloyds

Banking

Group

PLC

17,603,330

13,841,367

London

Stock

Exchange

Group

PLC

249,033

34,095,345

RELX

PLC

477,161

22,529,784

Rentokil

Initial

PLC

1,180,861

5,774,254

Unilever

PLC

285,359

18,500,758

143,394,259

United

States

-

8.7%

spacing

Alcon,

Inc.

115,783

11,587,588

CRH

PLC

219,930

20,396,308

Haleon

PLC

2,373,743

12,420,613

Linde

PLC

32,809

15,645,300

170

PACIFIC

SELECT

FUND

INTERNATIONAL

GROWTH

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

Schneider

Electric

SE

95,421

$

25,153,706

85,203,515

Total

Common

Stocks

    (Cost

$823,624,927)

972,729,354

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.6%

Repurchase

Agreements

-

0.6%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$6,103,397;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

-

4.500%

due

12/31/28

-

11/15/33

and

value

$6,224,879)

$

6,102,643

6,102,643

Total

Short-Term

Investments

(Cost

$6,102,643)

6,102,643

TOTAL

INVESTMENTS

-

100.0%

(Cost

$829,727,570)

978,831,997

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

47,862

)

NET

ASSETS

-

100.0%

$

978,784,135

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

Australia

$

14,314,121

$

–

$

14,314,121

$

–

Canada

80,288,801

80,288,801

–

–

China

6,901,639

1,738,756

5,162,883

–

Denmark

49,733,880

–

49,733,880

–

France

80,613,650

–

80,613,650

–

Germany

72,503,825

–

72,503,825

–

India

14,299,918

4,506,822

9,793,096

–

Ireland

4,061,485

4,061,485

–

–

Italy

35,960,644

–

35,960,644

–

Japan

144,996,421

–

144,996,421

–

Netherlands

51,597,465

–

51,597,465

–

New

Zealand

6,635,263

–

6,635,263

–

Portugal

14,919,238

–

14,919,238

–

Singapore

17,472,252

17,472,252

–

–

Spain

60,925,540

–

60,925,540

–

Sweden

28,974,748

–

28,974,748

–

Switzerland

37,628,135

–

37,628,135

–

Taiwan

22,304,555

–

22,304,555

–

United

Kingdom

143,394,259

–

143,394,259

–

United

States

85,203,515

36,041,608

49,161,907

–

Total

Common

Stocks

972,729,354

144,109,724

828,619,630

–

Short-Term

Investments

6,102,643

–

6,102,643

–

Total

Assets

978,831,997

144,109,724

834,722,273

–

a

Liabilities

Due

to

Custodian

(

1

)

–

(

1

)

–

Total

Liabilities

(

1

)

–

(

1

)

–

Total

$

978,831,996

$

144,109,724

$

834,722,272

$

–

PACIFIC

SELECT

FUND

INTERNATIONAL

LARGE-CAP

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

171

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

98.9%

Australia

-

0.8%

spacing

Rio

Tinto

PLC

161,876

$

11,491,189

Belgium

-

0.6%

spacing

KBC

Group

NV

115,214

9,166,192

Canada

-

3.7%

spacing

Canadian

National

Railway

Co.

140,166

16,420,447

Intact

Financial

Corp.

58,829

11,296,455

Suncor

Energy,

Inc.

326,058

12,035,059

Toronto-Dominion

Bank

217,261

13,738,150

53,490,111

China

-

2.1%

spacing

NetEase,

Inc.

655,100

12,237,076

Tencent

Holdings

Ltd.

322,223

17,917,158

30,154,234

Denmark

-

3.4%

spacing

Carlsberg

AS

Class B 

149,695

17,825,167

Novo

Nordisk

AS

Class B 

259,941

30,831,997

48,657,164

France

-

15.8%

spacing

Air

Liquide

SA

211,201

40,785,020

Capgemini

SE

142,946

30,862,114

Cie

de

Saint-Gobain

SA

230,861

21,055,088

Cie

Generale

des

Etablissements

Michelin

SCA

341,140

13,854,810

Dassault

Systemes

SE

239,572

9,515,984

Edenred

SE

317,559

12,027,735

Engie

SA

1,125,366

19,460,039

EssilorLuxottica

SA

94,908

22,485,999

Legrand

SA

116,557

13,428,040

LVMH

Moet

Hennessy

Louis

Vuitton

SE

35,993

27,602,149

Pernod

Ricard

SA

116,042

17,556,266

228,633,244

Germany

-

8.9%

spacing

Beiersdorf

AG

174,828

26,315,071

Deutsche

Boerse

AG

131,919

30,970,433

Merck

KGaA

129,330

22,830,708

MTU

Aero

Engines

AG

29,733

9,292,387

SAP

SE

170,409

38,978,076

128,386,675

Hong

Kong

-

2.1%

spacing

AIA

Group

Ltd.

2,555,407

22,316,005

Prudential

PLC

862,680

8,003,292

30,319,297

India

-

1.8%

spacing

HDFC

Bank

Ltd.

855,633

17,621,184

Tata

Consultancy

Services

Ltd.

158,198

8,055,201

25,676,385

Ireland

-

0.9%

spacing

AIB

Group

PLC

2,231,013

12,779,935

a

Shares

Value

Israel

-

1.0%

spacing

Check

Point

Software

Technologies

Ltd.

*

77,192

$

14,883,390

Italy

-

4.0%

spacing

Eni

SpA

978,901

14,896,455

Intesa

Sanpaolo

SpA

5,498,664

23,538,098

Ryanair

Holdings

PLC

ADR

448,568

20,266,279

58,700,832

Japan

-

16.1%

spacing

Daikin

Industries

Ltd.

144,800

20,324,276

Denso

Corp.

1,216,500

18,285,680

Hitachi

Ltd.

1,634,300

43,337,265

Hoya

Corp.

67,200

9,307,438

Kose

Corp.

137,300

8,865,958

Kyocera

Corp.

993,800

11,614,736

Mitsubishi

Electric

Corp.

1,046,600

16,976,831

Olympus

Corp.

879,300

16,714,877

Seven

&

i

Holdings

Co.

Ltd.

952,200

14,337,896

Shin-Etsu

Chemical

Co.

Ltd.

415,200

17,351,368

SMC

Corp.

22,900

10,241,349

Sony

Group

Corp.

1,080,500

20,991,501

Terumo

Corp.

710,700

13,463,845

ZOZO,

Inc.

320,000

11,625,472

233,438,492

Netherlands

-

1.7%

spacing

ING

Groep

NV

1,388,451

25,190,668

Portugal

-

0.7%

spacing

Galp

Energia

SGPS

SA

556,980

10,425,178

Singapore

-

1.3%

spacing

DBS

Group

Holdings

Ltd.

652,385

19,319,933

South

Korea

-

0.8%

spacing

Samsung

Electronics

Co.

Ltd.

236,596

11,058,208

Spain

-

1.1%

spacing

Amadeus

IT

Group

SA

216,961

15,712,853

Switzerland

-

9.5%

spacing

Cie

Financiere

Richemont

SA

Class A 

169,987

26,994,657

Julius

Baer

Group

Ltd.

149,594

9,021,100

Novartis

AG

246,051

28,330,876

Sika

AG

33,798

11,202,871

Sonova

Holding

AG

35,486

12,781,897

UBS

Group

AG

(XVTX)

834,127

25,811,263

Zurich

Insurance

Group

AG

39,561

23,901,155

138,043,819

Taiwan

-

1.9%

spacing

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

ADR

157,870

27,417,283

United

Kingdom

-

9.0%

spacing

Compass

Group

PLC

1,079,768

34,617,024

Diageo

PLC

422,903

14,771,955

London

Stock

Exchange

Group

PLC

149,379

20,451,621

RELX

PLC

(REN

LN)

552,832

26,102,690

RELX

PLC

(REN

NA)

5,341

251,592

172

PACIFIC

SELECT

FUND

INTERNATIONAL

LARGE-CAP

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Rolls-Royce

Holdings

PLC

*

2,934,553

$

20,769,269

Tesco

PLC

2,913,517

13,988,692

130,952,843

United

States

-

11.7%

spacing

Experian

PLC

577,842

30,434,714

Linde

PLC

34,417

16,412,090

Nestle

SA

330,821

33,245,001

Qiagen

NV

*

280,376

12,674,089

Roche

Holding

AG

102,918

32,935,525

Schneider

Electric

SE

167,925

44,266,316

169,967,735

Total

Common

Stocks

    (Cost

$1,093,089,285)

1,433,865,660

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.4%

Repurchase

Agreements

-

0.0%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$292,900;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$298,832)

$

292,864

292,864

U.S.

Government

Agency

Issues

-

0.4%

Federal

Home

Loan

Banks

4.831%

due

10/01/24 

5,768,000

5,767,256

Total

Short-Term

Investments

(Cost

$6,060,864)

6,060,120

TOTAL

INVESTMENTS

-

99.3%

(Cost

$1,099,150,149)

1,439,925,780

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.7%

9,987,827

NET

ASSETS

-

100.0%

$

1,449,913,607

173

PACIFIC

SELECT

FUND

INTERNATIONAL

LARGE-CAP

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

Australia

$

11,491,189

$

–

$

11,491,189

$

–

Belgium

9,166,192

–

9,166,192

–

Canada

53,490,111

53,490,111

–

–

China

30,154,234

–

30,154,234

–

Denmark

48,657,164

–

48,657,164

–

France

228,633,244

–

228,633,244

–

Germany

128,386,675

–

128,386,675

–

Hong

Kong

30,319,297

–

30,319,297

–

India

25,676,385

–

25,676,385

–

Ireland

12,779,935

–

12,779,935

–

Israel

14,883,390

14,883,390

–

–

Italy

58,700,832

20,266,279

38,434,553

–

Japan

233,438,492

–

233,438,492

–

Netherlands

25,190,668

–

25,190,668

–

Portugal

10,425,178

–

10,425,178

–

Singapore

19,319,933

–

19,319,933

–

South

Korea

11,058,208

–

11,058,208

–

Spain

15,712,853

–

15,712,853

–

Switzerland

138,043,819

–

138,043,819

–

Taiwan

27,417,283

27,417,283

–

–

United

Kingdom

130,952,843

–

130,952,843

–

United

States

169,967,735

16,412,090

153,555,645

–

Total

Common

Stocks

1,433,865,660

132,469,153

1,301,396,507

–

Short-Term

Investments

6,060,120

–

6,060,120

–

Total

$

1,439,925,780

$

132,469,153

$

1,307,456,627

$

–

PACIFIC

SELECT

FUND

INTERNATIONAL

SMALL-CAP

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

174

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

95.3%

Australia

-

3.2%

spacing

Amotiv

Ltd.

136,383

$

979,494

AUB

Group

Ltd.

31,980

680,723

Imdex

Ltd.

604,887

985,918

Inghams

Group

Ltd.

348,845

709,653

Nanosonics

Ltd.

*

49,120

124,273

nib

holdings

Ltd.

107,270

439,318

Servcorp

Ltd.

111,834

398,180

4,317,559

Austria

-

2.3%

spacing

Eurotelesites

AG

*

57,820

307,652

Mayr

Melnhof

Karton

AG

7,660

756,411

Strabag

SE

9,210

384,454

Telekom

Austria

AG

86,390

846,252

Wienerberger

AG

26,990

892,304

3,187,073

Belgium

-

1.4%

spacing

Econocom

Group

SA

NV

222,464

495,271

Fagron

69,990

1,448,089

1,943,360

Brazil

-

1.5%

spacing

Afya

Ltd.

Class A *

19,050

325,184

Atacadao

SA

*

202,680

344,143

Hypera

SA

114,272

550,206

LOG

Commercial

Properties

e

Participacoes

SA

199,895

829,272

2,048,805

Canada

-

3.3%

spacing

CCL

Industries,

Inc.

Class B 

19,610

1,195,493

ECN

Capital

Corp.

86,830

141,245

North

West

Co.,

Inc.

31,940

1,212,230

Open

Text

Corp.

24,930

829,863

Parkland

Corp.

27,270

702,896

Quebecor,

Inc.

Class A 

14,000

367,481

4,449,208

Cayman

-

0.1%

spacing

Patria

Investments

Ltd.

Class A 

14,890

166,321

China

-

3.2%

spacing

Best

Pacific

International

Holdings

Ltd.

~

1,531,826

457,153

Chervon

Holdings

Ltd.

13,640

39,701

Far

East

Horizon

Ltd.

1,181,287

864,632

Horizon

Construction

Development

Ltd.

*

95,030

19,803

Precision

Tsugami

China

Corp.

Ltd.

~

549,572

764,901

Qingdao

Port

International

Co.

Ltd.

Class H ~

1,546,772

1,185,868

Shenzhen

YUTO

Packaging

Technology

Co.

Ltd.

Class A 

217,556

791,767

Xingda

International

Holdings

Ltd.

1,228,255

209,641

4,333,466

Denmark

-

0.7%

spacing

Spar

Nord

Bank

AS

46,465

886,420

a

Shares

Value

Finland

-

1.0%

spacing

Huhtamaki

OYJ

25,480

$

989,303

Nanoform

Finland

PLC

*

53,710

93,986

Tokmanni

Group

Corp.

25,350

312,377

1,395,666

France

-

3.1%

spacing

Altarea

SCA

REIT

6,315

756,378

Antin

Infrastructure

Partners

SA

19,880

264,765

ARGAN

SA

REIT

8,991

737,160

IPSOS

SA

11,220

706,160

Thermador

Groupe

12,051

1,031,271

Vallourec

SACA

*

44,580

675,862

4,171,596

Germany

-

3.8%

spacing

JOST

Werke

SE

~

16,240

832,393

Norma

Group

SE

22,293

371,239

Rheinmetall

AG

2,670

1,451,480

Stabilus

SE

11,210

458,539

Takkt

AG

68,563

741,076

Talanx

AG

16,120

1,358,831

5,213,558

Greece

-

1.5%

spacing

Athens

International

Airport

SA

53,820

456,967

Metlen

Energy

&

Metals

SA

27,990

1,100,523

OPAP

SA

26,880

477,547

2,035,037

Hong

Kong

-

1.7%

spacing

ASMPT

Ltd.

96,756

1,176,172

Sino

Land

Co.

Ltd.

590,204

644,555

WH

Group

Ltd.

~

684,770

539,324

2,360,051

Hungary

-

1.2%

spacing

Richter

Gedeon

Nyrt

51,196

1,576,409

Indonesia

-

0.7%

spacing

Selamat

Sempurna

Tbk.

PT

7,401,500

997,296

Ireland

-

2.0%

spacing

AerCap

Holdings

NV

8,817

835,146

Dalata

Hotel

Group

PLC

155,190

708,861

Irish

Residential

Properties

REIT

PLC

◊

709,610

709,825

Mincon

Group

PLC

991,784

485,762

2,739,594

Italy

-

1.8%

spacing

Banca

Generali

SpA

22,150

993,592

Recordati

Industria

Chimica

e

Farmaceutica

SpA

17,260

976,678

Sesa

SpA

5,000

513,294

2,483,564

Japan

-

22.2%

spacing

Amano

Corp.

41,250

1,244,048

As

One

Corp.

39,110

792,230

ASKUL

Corp.

57,150

861,155

BayCurrent,

Inc.

33,670

1,236,421

175

PACIFIC

SELECT

FUND

INTERNATIONAL

SMALL-CAP

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Capcom

Co.

Ltd.

47,750

$

1,113,727

Daiichikosho

Co.

Ltd.

30,450

371,068

Daiwa

Industries

Ltd.

45,560

469,686

Dexerials

Corp.

55,350

790,775

Dip

Corp.

5,890

116,761

Ebara

Corp.

58,100

952,309

Fuji

Electric

Co.

Ltd.

13,110

794,377

Funai

Soken

Holdings,

Inc.

26,910

454,387

Hokuhoku

Financial

Group,

Inc.

48,110

529,185

Inaba

Denki

Sangyo

Co.

Ltd.

34,340

920,939

Isuzu

Motors

Ltd.

54,110

737,799

Kamigumi

Co.

Ltd.

37,830

865,245

Kuraray

Co.

Ltd.

64,130

952,919

Kyoto

Financial

Group,

Inc.

35,300

547,422

Maruwa

Co.

Ltd.

4,140

1,223,884

MEITEC

Group

Holdings,

Inc.

37,960

844,648

Mitani

Corp.

49,840

572,417

NET

One

Systems

Co.

Ltd.

42,770

1,068,062

Nishimoto

Co.

Ltd.

61,197

586,122

NOF

Corp.

67,560

1,166,874

NSD

Co.

Ltd.

52,700

1,166,937

PALTAC

Corp.

30,050

927,318

Persol

Holdings

Co.

Ltd.

307,780

554,659

Prestige

International,

Inc.

100,070

491,524

Renesas

Electronics

Corp.

53,680

779,039

Roland

Corp.

27,440

717,432

S

Foods,

Inc.

63,700

1,229,678

San-Ai

Obbli

Co.

Ltd.

56,050

764,991

Ship

Healthcare

Holdings,

Inc.

62,250

1,017,178

SUMCO

Corp.

50,540

546,638

TechnoPro

Holdings,

Inc.

34,310

667,783

TIS,

Inc.

33,540

856,166

TKC

Corp.

15,680

419,775

Tsuruha

Holdings,

Inc.

15,560

984,194

30,335,772

Mexico

-

2.4%

spacing

Bolsa

Mexicana

de

Valores

SAB

de

CV

467,199

753,830

Gruma

SAB

de

CV

Class B 

65,936

1,224,387

Grupo

Comercial

Chedraui

SA

de

CV

177,570

1,334,345

3,312,562

Netherlands

-

1.5%

spacing

Acomo

NV

40,832

820,865

Arcadis

NV

17,230

1,194,680

2,015,545

Norway

-

1.4%

spacing

Europris

ASA

~

164,940

1,054,055

SpareBank

1

SMN

59,270

861,899

1,915,954

Peru

-

0.6%

spacing

Intercorp

Financial

Services,

Inc.

29,585

773,056

Philippines

-

1.9%

spacing

Century

Pacific

Food,

Inc.

2,468,955

1,676,444

Robinsons

Land

Corp.

3,175,759

888,059

2,564,503

Singapore

-

1.5%

spacing

Hour

Glass

Ltd.

374,082

465,692

HRnetgroup

Ltd.

~

1,242,865

652,740

a

Shares

Value

Mapletree

Industrial

Trust

REIT

511,309

$

966,203

2,084,635

South

Africa

-

0.5%

spacing

Pepkor

Holdings

Ltd.

~

457,500

637,354

South

Korea

-

1.6%

spacing

Hyundai

Marine

&

Fire

Insurance

Co.

Ltd.

21,524

542,117

Soulbrain

Co.

Ltd.

4,450

754,945

Vitzrocell

Co.

Ltd.

62,200

885,094

2,182,156

Spain

-

3.7%

spacing

CIE

Automotive

SA

34,010

978,246

Grupo

Catalana

Occidente

SA

32,490

1,450,266

Logista

Integral

SA

48,260

1,452,692

Prosegur

Cia

de

Seguridad

SA

302,600

646,731

Viscofan

SA

6,945

493,136

5,021,071

Sweden

-

1.6%

spacing

Alligo

AB

Class B 

33,240

475,893

Granges

AB

85,000

1,019,519

Hexpol

AB

69,020

713,783

2,209,195

Taiwan

-

4.0%

spacing

Chailease

Holding

Co.

Ltd.

144,941

745,498

International

Games

System

Co.

Ltd.

36,660

1,141,831

Sporton

International,

Inc.

99,619

689,304

Test

Research,

Inc.

201,947

900,068

Tripod

Technology

Corp.

154,799

958,005

Yageo

Corp.

50,952

1,002,989

5,437,695

Thailand

-

0.4%

spacing

Star

Petroleum

Refining

PCL

2,665,647

583,624

United

Kingdom

-

16.3%

spacing

Ashtead

Technology

Holdings

PLC

193,980

1,473,060

B&M

European

Value

Retail

SA

188,263

1,048,509

Bodycote

PLC

80,376

649,222

ConvaTec

Group

PLC

~

160,000

485,953

DCC

PLC

5,950

406,202

Direct

Line

Insurance

Group

PLC

353,430

886,617

Grainger

PLC

319,678

1,049,251

Harbour

Energy

PLC

168,267

600,156

Hiscox

Ltd.

75,850

1,162,132

Informa

PLC

82,204

904,040

Intermediate

Capital

Group

PLC

24,000

716,687

J

D

Wetherspoon

PLC

*

81,344

806,403

JET2

PLC

51,064

958,614

John

Wood

Group

PLC

*

443,628

753,555

Lancashire

Holdings

Ltd.

172,971

1,588,712

LSL

Property

Services

PLC

246,004

976,819

On

the

Beach

Group

PLC

~

392,539

732,628

Pets

at

Home

Group

PLC

130,820

534,144

Premier

Foods

PLC

477,930

1,171,868

Rathbones

Group

PLC

16,050

384,614

Sabre

Insurance

Group

PLC

~

558,152

1,063,171

Savills

PLC

62,705

994,265

Subsea

7

SA

34,000

549,021

176

PACIFIC

SELECT

FUND

INTERNATIONAL

SMALL-CAP

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

restricted

securities

were

as

follows:

a

Shares

Value

Tate

&

Lyle

PLC

133,437

$

1,217,571

Vistry

Group

PLC

*

65,416

1,143,995

22,257,209

United

States

-

3.2%

spacing

Antero

Resources

Corp.

*

27,591

790,482

GCC

SAB

de

CV

70,060

524,365

Impro

Precision

Industries

Ltd.

~

1,271,081

333,070

Liberty

Latin

America

Ltd.

Class A *

9,500

91,010

Ovintiv,

Inc.

15,700

601,467

RHI

Magnesita

NV

33,770

1,552,576

Smurfit

WestRock

PLC

9,480

468,502

4,361,472

Total

Common

Stocks

    (Cost

$119,543,722)

129,996,786

EXCHANGE-TRADED

FUNDS

-

3.5%

iShares

MSCI

India

82,330

4,818,775

a

Total

Exchange-Traded

Funds

    (Cost

$3,935,507)

4,818,775

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.3%

Repurchase

Agreements

-

0.3%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$418,787;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$427,149)

$

418,735

418,735

Total

Short-Term

Investments

(Cost

$418,735)

418,735

TOTAL

INVESTMENTS

-

99.1%

(Cost

$123,897,964)

135,234,296

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.9%

1,160,998

NET

ASSETS

-

100.0%

$

136,395,294

Issuer

and

Acquisition

Date

Cost

Value

Value

as

a

%

of

Net

Assets

Irish

Residential

Properties

REIT

PLC

Acq

10/20/21

$1,011,278

$709,825

0.5%

177

PACIFIC

SELECT

FUND

INTERNATIONAL

SMALL-CAP

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

Australia

$

4,317,559

$

398,180

$

3,919,379

$

–

Austria

3,187,073

2,430,662

756,411

–

Belgium

1,943,360

495,271

1,448,089

–

Brazil

2,048,805

2,048,805

–

–

Canada

4,449,208

4,449,208

–

–

Cayman

166,321

166,321

–

–

China

4,333,466

2,527,456

1,806,010

–

Denmark

886,420

–

886,420

–

Finland

1,395,666

1,395,666

–

–

France

4,171,596

756,378

3,415,218

–

Germany

5,213,558

1,112,315

4,101,243

–

Greece

2,035,037

477,547

1,557,490

–

Hong

Kong

2,360,051

–

2,360,051

–

Hungary

1,576,409

1,576,409

–

–

Indonesia

997,296

997,296

–

–

Ireland

2,739,594

1,320,908

1,418,686

–

Italy

2,483,564

–

2,483,564

–

Japan

30,335,772

–

30,335,772

–

Mexico

3,312,562

3,312,562

–

–

Netherlands

2,015,545

820,865

1,194,680

–

Norway

1,915,954

861,899

1,054,055

–

Peru

773,056

773,056

–

–

Philippines

2,564,503

1,676,444

888,059

–

Singapore

2,084,635

1,118,432

966,203

–

South

Africa

637,354

–

637,354

–

South

Korea

2,182,156

–

2,182,156

–

Spain

5,021,071

2,096,997

2,924,074

–

Sweden

2,209,195

475,893

1,733,302

–

Taiwan

5,437,695

–

5,437,695

–

Thailand

583,624

–

583,624

–

United

Kingdom

22,257,209

11,706,853

10,550,356

–

United

States

4,361,472

2,475,826

1,885,646

–

Total

Common

Stocks

129,996,786

45,471,249

84,525,537

–

Exchange-Traded

Funds

4,818,775

4,818,775

–

–

Short-Term

Investments

418,735

–

418,735

–

Total

$

135,234,296

$

50,290,024

$

84,944,272

$

–

PACIFIC

SELECT

FUND

INTERNATIONAL

VALUE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

178

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

PREFERRED

STOCKS

-

2.1%

Brazil

-

0.4%

spacing

Raizen

SA

7,738,705

$

4,403,691

Germany

-

1.7%

spacing

Henkel

AG

&

Co.

KGaA

53,556

5,034,248

Volkswagen

AG

119,458

12,687,927

17,722,175

Total

Preferred

Stocks

    (Cost

$22,936,488)

22,125,866

COMMON

STOCKS

-

94.7%

Austria

-

2.1%

spacing

ams-OSRAM

AG

*

154,817

2,166,801

Erste

Group

Bank

AG

239,370

13,117,100

Mondi

PLC

392,022

7,478,015

22,761,916

Belgium

-

1.0%

spacing

Ageas

SA

161,376

8,610,875

Proximus

SADP

343,208

2,674,293

11,285,168

Brazil

-

4.0%

spacing

Ambev

SA

2,919,273

7,009,213

Atacadao

SA

*

2,146,475

3,644,638

Banco

Bradesco

SA

ADR

3,800,867

10,110,306

Caixa

Seguridade

Participacoes

SA

455,831

1,217,457

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

SABESP

311,749

5,173,213

Lojas

Renner

SA

1,663,988

5,516,388

Telefonica

Brasil

SA

836,565

8,571,885

Ultrapar

Participacoes

SA

431,245

1,679,003

42,922,103

Burkina

Faso

-

0.3%

spacing

Endeavour

Mining

PLC

133,802

3,179,708

Canada

-

1.3%

spacing

ARC

Resources

Ltd.

267,052

4,513,888

Barrick

Gold

Corp.

452,093

8,992,053

13,505,941

China

-

1.8%

spacing

Alibaba

Group

Holding

Ltd.

521,664

6,932,277

Baidu,

Inc.

Class A *

438,335

5,763,055

China

Mengniu

Dairy

Co.

Ltd.

2,325,020

5,453,687

Dongfeng

Motor

Group

Co.

Ltd.

Class H 

3,849,530

1,241,025

19,390,044

Finland

-

0.8%

spacing

Nokia

OYJ

(OMXH)

2,044,474

8,926,515

France

-

10.9%

spacing

AXA

SA

392,599

15,113,812

BNP

Paribas

SA

183,050

12,561,191

Carrefour

SA

604,188

10,302,272

Cie

de

Saint-Gobain

SA

109,059

9,946,447

Engie

SA

862,795

14,919,613

a

Shares

Value

Orange

SA

859,321

$

9,841,715

Renault

SA

153,440

6,670,471

Societe

Generale

SA

539,849

13,452,628

TotalEnergies

SE

312,622

20,300,197

Valeo

SE

383,281

4,637,693

117,746,039

Germany

-

6.1%

spacing

BASF

SE

208,793

11,066,621

Continental

AG

85,770

5,558,222

Daimler

Truck

Holding

AG

272,332

10,225,340

Evonik

Industries

AG

356,602

8,347,823

Fresenius

SE

&

Co.

KGaA

*

283,787

10,826,671

Heidelberg

Materials

AG

137,312

14,958,737

Mercedes-Benz

Group

AG

74,059

4,798,960

65,782,374

Hong

Kong

-

2.2%

spacing

CK

Asset

Holdings

Ltd.

1,455,909

6,338,423

Prudential

PLC

1,042,078

9,667,611

WH

Group

Ltd.

~

9,250,933

7,286,025

23,292,059

India

-

0.4%

spacing

Canara

Bank

3,273,583

4,352,831

Ireland

-

1.4%

spacing

AIB

Group

PLC

1,320,191

7,562,464

Bank

of

Ireland

Group

PLC

633,390

7,073,390

14,635,854

Italy

-

4.7%

spacing

BPER

Banca

SpA

1,664,923

9,380,554

Eni

SpA

1,076,873

16,387,347

UniCredit

SpA

575,456

25,263,435

51,031,336

Japan

-

19.9%

spacing

Alfresa

Holdings

Corp.

229,610

3,631,966

Alps

Alpine

Co.

Ltd.

282,856

3,073,307

Amada

Co.

Ltd.

218,560

2,231,430

Dai-ichi

Life

Holdings,

Inc.

267,375

6,937,675

DeNA

Co.

Ltd.

170,651

2,128,612

Dentsu

Group,

Inc.

296,490

9,138,383

Eisai

Co.

Ltd.

45,354

1,690,568

Hakuhodo

DY

Holdings,

Inc.

421,060

3,450,284

Hino

Motors

Ltd.

*

579,648

1,879,854

Honda

Motor

Co.

Ltd.

145,120

1,549,350

Isuzu

Motors

Ltd.

442,611

6,035,074

Japan

Airlines

Co.

Ltd.

229,297

4,010,310

Japan

Post

Insurance

Co.

Ltd.

337,090

6,191,039

JGC

Holdings

Corp.

387,370

3,397,883

Kirin

Holdings

Co.

Ltd.

197,077

3,003,425

Koito

Manufacturing

Co.

Ltd.

419,500

5,836,475

Kubota

Corp.

815,060

11,637,776

Makita

Corp.

149,308

5,043,854

Mitsubishi

Estate

Co.

Ltd.

356,527

5,631,090

Mitsubishi

Gas

Chemical

Co.,

Inc.

260,780

5,084,616

MS&AD

Insurance

Group

Holdings,

Inc.

294,469

6,921,253

Nikon

Corp.

283,482

2,936,053

Nippon

Television

Holdings,

Inc.

322,017

5,049,755

Nissan

Motor

Co.

Ltd.

1,939,828

5,510,337

Ono

Pharmaceutical

Co.

Ltd.

298,130

4,001,896

179

PACIFIC

SELECT

FUND

INTERNATIONAL

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Persol

Holdings

Co.

Ltd.

2,878,180

$

5,186,853

Resona

Holdings,

Inc.

1,101,855

7,720,798

Rinnai

Corp.

190,370

4,702,546

Rohm

Co.

Ltd.

683,175

7,696,422

Sega

Sammy

Holdings,

Inc.

211,490

4,237,136

Stanley

Electric

Co.

Ltd.

226,276

4,241,334

Subaru

Corp.

394,898

6,986,192

Sumitomo

Heavy

Industries

Ltd.

143,921

3,482,445

Sumitomo

Mitsui

Trust

Holdings,

Inc.

529,154

12,665,262

Sumitomo

Rubber

Industries

Ltd.

384,867

4,234,576

T&D

Holdings,

Inc.

766,526

13,514,467

Taiheiyo

Cement

Corp.

136,471

3,216,038

Takeda

Pharmaceutical

Co.

Ltd.

234,048

6,743,761

THK

Co.

Ltd.

243,039

4,299,162

Tsuruha

Holdings,

Inc.

70,676

4,470,364

Yamato

Holdings

Co.

Ltd.

430,197

4,898,922

214,298,543

Luxembourg

-

0.2%

spacing

RTL

Group

SA

74,348

2,524,417

Mexico

-

0.4%

spacing

Fresnillo

PLC

499,895

4,099,053

Netherlands

-

5.5%

spacing

ABN

AMRO

Bank

NV

~

619,449

11,194,577

ING

Groep

NV

659,403

11,963,549

Koninklijke

Philips

NV

*

534,575

17,526,362

NN

Group

NV

223,785

11,165,994

Randstad

NV

142,650

7,087,727

58,938,209

Norway

-

0.1%

spacing

Norsk

Hydro

ASA

160,611

1,037,548

Pakistan

-

0.1%

spacing

VEON

Ltd.

ADR

*

48,141

1,464,449

Russia

-

0.0%

spacing

Gazprom

PJSC

* ± Ω

340,336

–

Gazprom

PJSC

ADR

* ± Ω

143,066

–

LUKOIL

PJSC

ADR

* ± Ω

24,064

–

Mobile

TeleSystems

PJSC

ADR

* ± Ω

327,186

1

Sberbank

of

Russia

PJSC

* ± Ω

927,996

–

1

South

Africa

-

1.5%

spacing

Anglo

American

PLC

199,478

6,484,171

MTN

Group

Ltd.

892,294

4,742,547

Old

Mutual

Ltd.

5,965,761

4,730,484

15,957,202

South

Korea

-

4.6%

spacing

Coway

Co.

Ltd.

91,290

4,607,255

Hankook

Tire

&

Technology

Co.

Ltd.

79,324

2,500,127

Hyundai

Mobis

Co.

Ltd.

46,557

7,710,585

KB

Financial

Group,

Inc.

172,520

10,644,873

KT

Corp.

ADR

*

566,043

8,705,741

Shinhan

Financial

Group

Co.

Ltd.

361,984

15,352,659

49,521,240

a

Shares

Value

Sweden

-

1.7%

spacing

SKF

AB

Class B 

393,342

$

7,834,930

Telefonaktiebolaget

LM

Ericsson

Class B 

1,340,034

10,125,900

17,960,830

Switzerland

-

4.5%

spacing

Adecco

Group

AG

199,113

6,790,611

Novartis

AG

172,421

19,852,949

Swatch

Group

AG

43,379

9,301,614

UBS

Group

AG

(XVTX)

400,980

12,407,943

48,353,117

Taiwan

-

0.1%

spacing

Catcher

Technology

Co.

Ltd.

200,091

1,493,453

Thailand

-

1.3%

spacing

Kasikornbank

PCL

Ω

2,870,564

13,364,821

Kasikornbank

PCL

NVDR

85,409

397,649

13,762,470

United

Kingdom

-

11.1%

spacing

Babcock

International

Group

PLC

450,441

2,845,449

British

American

Tobacco

PLC

621,333

22,652,604

British

Land

Co.

PLC

REIT

675,246

3,934,494

BT

Group

PLC

5,037,441

9,984,555

Burberry

Group

PLC

417,828

3,918,207

CK

Hutchison

Holdings

Ltd.

1,206,354

6,839,681

easyJet

PLC

1,127,226

7,850,348

J

Sainsbury

PLC

1,061,917

4,202,370

Kingfisher

PLC

1,920,710

8,289,297

Land

Securities

Group

PLC

REIT

556,700

4,852,828

Reckitt

Benckiser

Group

PLC

195,705

11,974,053

Standard

Chartered

PLC

1,508,298

15,996,961

Tate

&

Lyle

PLC

510,428

4,657,495

WPP

PLC

1,128,524

11,559,954

119,558,296

United

States

-

6.7%

spacing

BP

PLC

2,958,060

15,427,866

GSK

PLC

1,064,635

21,677,052

Holcim

AG

*

78,193

7,657,662

Shell

PLC

844,702

27,403,592

72,166,172

Total

Common

Stocks

    (Cost

$894,477,282)

1,019,946,888

EXCHANGE-TRADED

FUNDS

-

0.6%

iShares

Core

MSCI

EAFE

81,752

6,380,744

a

Total

Exchange-Traded

Funds

    (Cost

$6,365,121)

6,380,744

180

PACIFIC

SELECT

FUND

INTERNATIONAL

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$13,364,822

or 1.2%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

1.5%

Repurchase

Agreements

-

1.5%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$16,211,770;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$16,534,165)

$

16,209,766

$

16,209,766

Total

Short-Term

Investments

(Cost

$16,209,766)

16,209,766

TOTAL

INVESTMENTS

-

98.9%

(Cost

$939,988,657)

1,064,663,264

OTHER

ASSETS

&

LIABILITIES,

NET

-

1.1%

12,266,303

NET

ASSETS

-

100.0%

$

1,076,929,567

181

PACIFIC

SELECT

FUND

INTERNATIONAL

VALUE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Preferred

Stocks

Brazil

$

4,403,691

$

4,403,691

$

–

$

–

Germany

17,722,175

–

17,722,175

–

Total

Preferred

Stocks

22,125,866

4,403,691

17,722,175

–

Common

Stocks

Austria

22,761,916

–

22,761,916

–

Belgium

11,285,168

2,674,293

8,610,875

–

Brazil

42,922,103

42,922,103

–

–

Burkina

Faso

3,179,708

3,179,708

–

–

Canada

13,505,941

13,505,941

–

–

China

19,390,044

–

19,390,044

–

Finland

8,926,515

–

8,926,515

–

France

117,746,039

–

117,746,039

–

Germany

65,782,374

–

65,782,374

–

Hong

Kong

23,292,059

–

23,292,059

–

India

4,352,831

–

4,352,831

–

Ireland

14,635,854

–

14,635,854

–

Italy

51,031,336

–

51,031,336

–

Japan

214,298,543

–

214,298,543

–

Luxembourg

2,524,417

–

2,524,417

–

Mexico

4,099,053

–

4,099,053

–

Netherlands

58,938,209

–

58,938,209

–

Norway

1,037,548

–

1,037,548

–

Pakistan

1,464,449

1,464,449

–

–

Russia

1

–

–

1

South

Africa

15,957,202

9,473,031

6,484,171

–

South

Korea

49,521,240

8,705,741

40,815,499

–

Sweden

17,960,830

–

17,960,830

–

Switzerland

48,353,117

–

48,353,117

–

Taiwan

1,493,453

–

1,493,453

–

Thailand

13,762,470

–

13,762,470

–

United

Kingdom

119,558,296

4,657,495

114,900,801

–

United

States

72,166,172

–

72,166,172

–

Total

Common

Stocks

1,019,946,888

86,582,761

933,364,126

1

Exchange-Traded

Funds

6,380,744

6,380,744

–

–

Short-Term

Investments

16,209,766

–

16,209,766

–

Total

$

1,064,663,264

$

97,367,196

$

967,296,067

$

1

PACIFIC

SELECT

FUND

HEALTH

SCIENCES

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

182

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

RIGHTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Contra

Abiomed,

Inc.

-

Contingent

Value

Rights

* ± Ω

11,083

$

17,955

Frequency

Therapeutics,

Inc.

-

Contingent

Value

Rights

* ± Ω

19,740

–

Mirati

Therapeutics,

Inc.

-

Contingent

Value

Rights

* ± Ω

10,819

8,114

26,069

Total

Rights

    (Cost

$18,878)

26,069

WARRANTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

CareMax,

Inc.

Exercise

@

$11.50

Exp 06/08/26

*

3,646

36

Nuvation

Bio,

Inc.

Exercise

@

$11.50

Exp 07/07/27

*

3,472

340

376

Total

Warrants

    (Cost

$16,588)

376

COMMON

STOCKS

-

98.9%

Consumer,

Non-Cyclical

-

98.5%

spacing

4D

Molecular

Therapeutics,

Inc.

*

7,946

85,896

Abbott

Laboratories

81,573

9,300,138

AbbVie,

Inc.

73,733

14,560,793

AC

Immune

SA

*

(Switzerland) 

53,150

200,907

Agilent

Technologies,

Inc.

10,359

1,538,104

Align

Technology,

Inc.

*

5,538

1,408,424

Allogene

Therapeutics,

Inc.

*

72,955

204,274

Alnylam

Pharmaceuticals,

Inc.

*

24,265

6,673,603

Amgen,

Inc.

50,951

16,416,922

Arcellx,

Inc.

*

19,210

1,604,227

Argenx

SE

ADR

*

(Netherlands) 

10,971

5,947,160

Ascendis

Pharma

AS

ADR

*

(Denmark) 

3,232

482,570

AstraZeneca

PLC

(United

Kingdom) 

17,247

2,686,848

Autolus

Therapeutics

PLC

ADR

*

(United

Kingdom) 

43,998

159,713

Avidity

Biosciences,

Inc.

*

12,064

554,099

Beam

Therapeutics,

Inc.

*

14,052

344,274

Becton

Dickinson

&

Co.

22,762

5,487,918

BeiGene

Ltd.

ADR

*

(China) 

4,586

1,029,603

Bio-Techne

Corp.

11,266

900,491

Biogen,

Inc.

*

28,525

5,529,286

Biohaven

Ltd.

*

16,600

829,502

BioMarin

Pharmaceutical,

Inc.

*

14,463

1,016,604

BioNTech

SE

ADR

*

(Germany) 

5,175

614,635

Blueprint

Medicines

Corp.

*

17,980

1,663,150

Boston

Scientific

Corp.

*

301,931

25,301,818

Bridgebio

Pharma,

Inc.

*

11,450

291,517

Cabaletta

Bio,

Inc.

*

20,010

94,447

Cencora,

Inc.

42,098

9,475,418

Centene

Corp.

*

39,076

2,941,641

CG

oncology,

Inc.

*

6,569

247,848

Cigna

Group

21,452

7,431,831

Cooper

Cos.,

Inc.

*

32,017

3,532,756

Daiichi

Sankyo

Co.

Ltd.

(Japan) 

23,900

789,473

Danaher

Corp.

53,702

14,930,230

a

Shares

Value

Denali

Therapeutics,

Inc.

*

23,964

$

698,071

Dexcom,

Inc.

*

19,017

1,274,900

Disc

Medicine,

Inc.

*

5,005

245,946

Dyne

Therapeutics,

Inc.

*

16,611

596,667

Edwards

Lifesciences

Corp.

*

69,280

4,571,787

Elevance

Health,

Inc.

23,157

12,041,640

Eli

Lilly

&

Co.

43,605

38,631,414

Exact

Sciences

Corp.

*

15,840

1,079,021

GE

HealthCare

Technologies,

Inc.

45,226

4,244,460

Gilead

Sciences,

Inc.

102,666

8,607,517

Glaukos

Corp.

*

3,580

466,402

Guardant

Health,

Inc.

*

16,646

381,859

HCA

Healthcare,

Inc.

12,909

5,246,605

Humana,

Inc.

10,011

3,170,884

IDEXX

Laboratories,

Inc.

*

4,494

2,270,459

Immatics

NV

*

(Germany) 

14,799

168,857

Immunocore

Holdings

PLC

ADR

*

(United

Kingdom) 

8,586

267,282

Inari

Medical,

Inc.

*

4,785

197,333

Incyte

Corp.

*

10,486

693,125

Insmed,

Inc.

*

30,675

2,239,275

Inspire

Medical

Systems,

Inc.

*

3,972

838,291

Intuitive

Surgical,

Inc.

*

31,382

15,417,035

Ionis

Pharmaceuticals,

Inc.

*

12,857

515,051

IQVIA

Holdings,

Inc.

*

4,566

1,082,005

Johnson

&

Johnson

56,650

9,180,699

Kyverna

Therapeutics,

Inc.

*

6,592

32,235

Labcorp

Holdings,

Inc.

4,565

1,020,186

Legend

Biotech

Corp.

ADR

*

8,893

433,356

Longboard

Pharmaceuticals,

Inc.

*

6,836

227,844

McKesson

Corp.

12,419

6,140,202

Medtronic

PLC

49,494

4,455,945

Merck

&

Co.,

Inc.

98,570

11,193,609

Merus

NV

*

(Netherlands) 

15,542

776,478

MoonLake

Immunotherapeutics

*

6,926

349,209

Natera,

Inc.

*

18,635

2,365,713

Neurocrine

Biosciences,

Inc.

*

6,698

771,744

Novo

Nordisk

AS

Class B (Denmark) 

16,382

1,943,094

Novocure

Ltd.

*

20,133

314,679

Nurix

Therapeutics,

Inc.

*

30,512

685,605

Nuvalent,

Inc.

Class A *

18,926

1,936,130

Nyxoah

SA

*

(Belgium) 

20,245

193,340

Orchestra

BioMed

Holdings,

Inc.

*

12,419

63,834

Penumbra,

Inc.

*

8,090

1,571,968

Pfizer,

Inc.

217,351

6,290,138

Prime

Medicine,

Inc.

*

16,502

63,863

Protagonist

Therapeutics,

Inc.

*

17,259

776,655

PTC

Therapeutics,

Inc.

*

13,615

505,116

Quest

Diagnostics,

Inc.

7,745

1,202,411

Regeneron

Pharmaceuticals,

Inc.

*

7,205

7,574,184

REGENXBIO,

Inc.

*

12,785

134,115

Repligen

Corp.

*

9,372

1,394,741

REVOLUTION

Medicines,

Inc.

*

10,040

455,314

Rhythm

Pharmaceuticals,

Inc.

*

33,403

1,749,983

Roche

Holding

AG

6,535

2,091,312

Rocket

Pharmaceuticals,

Inc.

*

12,602

232,759

Roivant

Sciences

Ltd.

*

39,250

452,945

Sage

Therapeutics,

Inc.

*

9,375

67,687

Sagimet

Biosciences,

Inc.

Class A *

15,000

41,550

Sanofi

SA

29,700

3,419,633

Sarepta

Therapeutics,

Inc.

*

23,357

2,917,056

Soleno

Therapeutics,

Inc.

*

8,320

420,077

STERIS

PLC

6,584

1,596,883

Stoke

Therapeutics,

Inc.

*

47,835

587,892

183

PACIFIC

SELECT

FUND

HEALTH

SCIENCES

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$26,069

or less

than

0.1%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

a

Shares

Value

Structure

Therapeutics,

Inc.

ADR

*

9,644

$

423,275

Stryker

Corp.

33,637

12,151,703

Thermo

Fisher

Scientific,

Inc.

20,724

12,819,245

TScan

Therapeutics,

Inc.

*

33,595

167,303

Ultragenyx

Pharmaceutical,

Inc.

*

9,690

538,279

UnitedHealth

Group,

Inc.

67,820

39,652,998

Vaxcyte,

Inc.

*

15,980

1,826,035

Vertex

Pharmaceuticals,

Inc.

*

18,249

8,487,245

Viking

Therapeutics,

Inc.

*

6,171

390,686

Voyager

Therapeutics,

Inc.

*

22,110

129,343

Waters

Corp.

*

4,275

1,538,530

West

Pharmaceutical

Services,

Inc.

6,990

2,098,118

Xenon

Pharmaceuticals,

Inc.

*

(Canada) 

24,251

954,762

Zealand

Pharma

AS

*

(Denmark) 

7,099

863,745

Zoetis,

Inc.

27,406

5,354,584

412,248,041

Diversified

-

0.1%

spacing

Helix

Acquisition

Corp.

II

*

(Cayman) 

42,155

440,520

Industrial

-

0.3%

spacing

Mettler-Toledo

International,

Inc.

*

800

1,199,760

Total

Common

Stocks

    (Cost

$321,324,603)

413,888,321

Principal

Amount

SHORT-TERM

INVESTMENTS

-

1.1%

Repurchase

Agreements

-

1.1%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$4,471,632;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$4,560,687)

$

4,471,079

4,471,079

a

Total

Short-Term

Investments

(Cost

$4,471,079)

4,471,079

TOTAL

INVESTMENTS

-

100.0%

(Cost

$325,831,148)

418,385,845

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

12,661

)

NET

ASSETS

-

100.0%

$

418,373,184

184

PACIFIC

SELECT

FUND

HEALTH

SCIENCES

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Rights

$

26,069

$

–

$

–

$

26,069

Warrants

376

376

–

–

Common

Stocks

Consumer,

Non-Cyclical

412,248,041

400,453,936

11,794,105

–

Diversified

440,520

440,520

–

–

Industrial

1,199,760

1,199,760

–

–

Total

Common

Stocks

413,888,321

402,094,216

11,794,105

–

Short-Term

Investments

4,471,079

–

4,471,079

–

Total

$

418,385,845

$

402,094,592

$

16,265,184

$

26,069

PACIFIC

SELECT

FUND

REAL

ESTATE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

185

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

99.5%

Consumer,

Cyclical

-

0.5%

spacing

Marriott

Vacations

Worldwide

Corp.

24,392

$

1,792,324

Financial

-

99.0%

spacing

Agree

Realty

Corp.

REIT

63,975

4,819,237

Alexandria

Real

Estate

Equities,

Inc.

REIT

61,744

7,332,100

American

Healthcare

REIT,

Inc.

183,648

4,793,213

American

Homes

4

Rent

Class A REIT

274,083

10,522,046

American

Tower

Corp.

REIT

41,287

9,601,705

Americold

Realty

Trust,

Inc.

REIT

298,887

8,449,535

AvalonBay

Communities,

Inc.

REIT

89,348

20,125,637

Broadstone

Net

Lease,

Inc.

REIT

275,903

5,228,362

Cousins

Properties,

Inc.

REIT

211,664

6,239,855

DiamondRock

Hospitality

Co.

REIT

253,638

2,214,260

Digital

Realty

Trust,

Inc.

REIT

73,684

11,924,282

Equinix,

Inc.

REIT

36,944

32,792,603

Equity

LifeStyle

Properties,

Inc.

REIT

10,065

718,037

Equity

Residential

REIT

141,117

10,507,572

Essex

Property

Trust,

Inc.

REIT

30,628

9,048,124

Extra

Space

Storage,

Inc.

REIT

126,876

22,861,786

Gaming

&

Leisure

Properties,

Inc.

REIT

153,368

7,890,784

InvenTrust

Properties

Corp.

REIT

115,541

3,277,898

Invitation

Homes,

Inc.

REIT

375,930

13,255,292

Kilroy

Realty

Corp.

REIT

96,036

3,716,593

Lineage,

Inc.

REIT

40,974

3,211,542

National

Health

Investors,

Inc.

REIT

42,533

3,575,324

NETSTREIT

Corp.

REIT

111,733

1,846,946

NNN

REIT,

Inc.

125,976

6,108,576

Prologis,

Inc.

REIT

219,970

27,777,812

Regency

Centers

Corp.

REIT

192,505

13,904,636

Retail

Opportunity

Investments

Corp.

REIT

203,377

3,199,120

Rexford

Industrial

Realty,

Inc.

REIT

154,720

7,783,963

Ryman

Hospitality

Properties,

Inc.

REIT

65,414

7,014,997

Sabra

Health

Care

REIT,

Inc.

393,703

7,326,813

Simon

Property

Group,

Inc.

REIT

36,838

6,226,359

Sun

Communities,

Inc.

REIT

60,285

8,147,518

Terreno

Realty

Corp.

REIT

100,093

6,689,215

Ventas,

Inc.

REIT

356,017

22,831,370

VICI

Properties,

Inc.

REIT

460,047

15,324,166

Vornado

Realty

Trust

REIT

57,558

2,267,785

Welltower,

Inc.

REIT

225,314

28,846,951

367,402,014

Total

Common

Stocks

    (Cost

$320,091,290)

369,194,338

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

0.1%

Repurchase

Agreements

-

0.1%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$520,586;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$531,063)

$

520,522

$

520,522

a

Total

Short-Term

Investments

(Cost

$520,522)

520,522

TOTAL

INVESTMENTS

-

99.6%

(Cost

$320,611,812)

369,714,860

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.4%

1,645,141

NET

ASSETS

-

100.0%

$

371,360,001

186

PACIFIC

SELECT

FUND

REAL

ESTATE

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

369,194,338

$

369,194,338

$

–

$

–

Short-Term

Investments

520,522

–

520,522

–

Total

$

369,714,860

$

369,194,338

$

520,522

$

–

PACIFIC

SELECT

FUND

TECHNOLOGY

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

187

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

WARRANTS

-

0.0%

Technology

-

0.0%

Constellation

Software,

Inc.

Exercise

@

$1.00

Exp 03/31/40

*

1,808

$

–

Total

Warrants

    (Cost

$0)

–

COMMON

STOCKS

-

97.8%

Basic

Materials

-

0.0%

spacing

LG

Chem

Ltd.

(South

Korea) 

560

152,000

Communications

-

12.0%

spacing

Airbnb,

Inc.

Class A *

8,900

1,128,609

Amazon.com,

Inc.

*

33,800

6,297,954

Cisco

Systems,

Inc.

176,200

9,377,364

Maplebear,

Inc.

*

1,800

73,332

Netflix,

Inc.

*

3,600

2,553,372

Okta,

Inc.

*

123,800

9,203,292

Reddit,

Inc.

Class A *

16,100

1,061,312

Shopify,

Inc.

Class A *

(Canada) 

84,300

6,755,802

Uber

Technologies,

Inc.

*

128,700

9,673,092

46,124,129

Industrial

-

0.9%

spacing

Amphenol

Corp.

Class A 

53,303

3,473,223

Technology

-

84.9%

spacing

Apple,

Inc.

311,900

72,672,700

ASML

Holding

NV

(Netherlands) 

5,100

4,242,485

Astera

Labs,

Inc.

*

32,400

1,697,436

Broadcom,

Inc.

102,700

17,715,750

Datadog,

Inc.

Class A *

48,100

5,534,386

GLOBALFOUNDRIES,

Inc.

*

223,200

8,983,800

HubSpot,

Inc.

*

6,800

3,614,880

Manhattan

Associates,

Inc.

*

8,200

2,307,316

Marvell

Technology,

Inc.

12,900

930,348

Micron

Technology,

Inc.

64,400

6,678,924

Microsoft

Corp.

88,100

37,909,430

Monolithic

Power

Systems,

Inc.

7,500

6,933,750

NVIDIA

Corp.

672,900

81,716,976

NXP

Semiconductors

NV

(China) 

40,821

9,797,448

ON

Semiconductor

Corp.

*

218,500

15,865,285

Palantir

Technologies,

Inc.

Class A *

28,000

1,041,600

Salesforce,

Inc.

34,000

9,306,140

Seagate

Technology

Holdings

PLC

18,900

2,070,117

ServiceNow,

Inc.

*

20,400

18,245,556

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

ADR

(Taiwan) 

52,000

9,030,840

Teradyne,

Inc.

38,100

5,102,733

Western

Digital

Corp.

*

73,100

4,991,999

326,389,899

Total

Common

Stocks

    (Cost

$308,992,022)

376,139,251

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

0.6%

Repurchase

Agreements

-

0.6%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$2,294,005;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$2,339,697)

$

2,293,722

$

2,293,722

a

Total

Short-Term

Investments

(Cost

$2,293,722)

2,293,722

TOTAL

INVESTMENTS

-

98.4%

(Cost

$311,285,744)

378,432,973

OTHER

ASSETS

&

LIABILITIES,

NET

-

1.6%

6,267,335

NET

ASSETS

-

100.0%

$

384,700,308

188

PACIFIC

SELECT

FUND

TECHNOLOGY

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

Basic

Materials

$

152,000

$

–

$

152,000

$

–

Communications

46,124,129

46,124,129

–

–

Industrial

3,473,223

3,473,223

–

–

Technology

326,389,899

322,147,414

4,242,485

–

Total

Common

Stocks

376,139,251

371,744,766

4,394,485

–

Short-Term

Investments

2,293,722

–

2,293,722

–

Total

$

378,432,973

$

371,744,766

$

6,688,207

$

–

PACIFIC

SELECT

FUND

ESG

DIVERSIFIED

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

189

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

MUTUAL

FUNDS

-

100.1%

Aristotle

ESG

Core

Bond

Fund

Class I 

334,554

$

2,970,842

BlackRock

Advantage

ESG

Emerging

Markets

Equity

Fund

Class K 

44,362

421,884

Calvert

Green

Bond

Fund

Class R6 

412,112

5,942,653

Calvert

High

Yield

Bond

Fund

Class R6 

56,456

1,395,019

Calvert

Small

Cap

Fund

Class R6 

44,238

1,653,157

Calvert

U.S.

Mid

Cap

Core

Responsible

Index

Fund

Class R6 

59,115

2,500,545

DFA

Social

Fixed

Income

Portfolio

Class Institutional 

316,754

2,964,818

Fidelity

International

Sustainability

Index

Fund

Class Institutional 

387,700

5,214,567

Fidelity

U.S.

Sustainability

Index

Fund

Class Institutional 

689,515

17,775,706

a

Total

Mutual

Funds

    (Cost

$35,029,763)

40,839,191

TOTAL

INVESTMENTS

-

100.1%

(Cost

$35,029,763)

40,839,191

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.1%)

(

56,884

)

NET

ASSETS

-

100.0%

$

40,782,307

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Mutual

Funds

$

40,839,191

$

40,839,191

$

–

$

–

PACIFIC

SELECT

FUND

ESG

DIVERSIFIED

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

190

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

MUTUAL

FUNDS

-

100.2%

Aristotle

ESG

Core

Bond

Fund

Class I 

78,106

$

693,580

BlackRock

Advantage

ESG

Emerging

Markets

Equity

Fund

Class K 

66,574

633,117

Calvert

Green

Bond

Fund

Class R6 

96,207

1,387,299

Calvert

High

Yield

Bond

Fund

Class R6 

36,311

897,250

Calvert

Small

Cap

Fund

Class R6 

30,438

1,137,459

Calvert

U.S.

Mid

Cap

Core

Responsible

Index

Fund

Class R6 

32,036

1,355,129

DFA

Social

Fixed

Income

Portfolio

Class Institutional 

73,954

692,208

Fidelity

International

Sustainability

Index

Fund

Class Institutional 

263,755

3,547,501

Fidelity

U.S.

Sustainability

Index

Fund

Class Institutional 

397,121

10,237,767

a

Total

Mutual

Funds

    (Cost

$17,215,293)

20,581,310

TOTAL

INVESTMENTS

-

100.2%

(Cost

$17,215,293)

20,581,310

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.2%)

(

37,268

)

NET

ASSETS

-

100.0%

$

20,544,042

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Mutual

Funds

$

20,581,310

$

20,581,310

$

–

$

–

PACIFIC

SELECT

FUND

PSF

AVANTIS

BALANCED

ALLOCATION

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

191

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

EXCHANGE-TRADED

FUNDS

-

75.7%

Avantis

Core

Fixed

Income

ETF

1,190,780

$

50,620,058

Avantis

Emerging

Markets

Equity

ETF

80,339

5,189,899

Avantis

International

Equity

ETF

649,011

43,503,207

Avantis

Real

Estate

ETF

72,732

3,428,587

Avantis

U.S.

Large

Cap

Equity

ETF

993,410

65,584,928

Avantis

U.S.

Large

Cap

Value

ETF

675,956

44,498,183

Avantis

U.S.

Small

Cap

Equity

ETF

267,190

14,433,604

Vanguard

Russell

1000

Growth

ETF

258,899

24,988,932

a

Total

Exchange-Traded

Funds

    (Cost

$228,379,882)

252,247,398

MUTUAL

FUNDS

-

24.3%

American

Century

Diversified

Bond

Fund

Class I 

5,382,417

50,917,668

American

Century

Small

Cap

Growth

Fund

Class I 

437,512

9,835,267

American

Century

Ultra

Fund

Class I 

210,445

20,394,244

a

Total

Mutual

Funds

    (Cost

$76,473,213)

81,147,179

TOTAL

INVESTMENTS

-

100.0%

(Cost

$304,853,095)

333,394,577

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.0%

85,540

NET

ASSETS

-

100.0%

$

333,480,117

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Exchange-Traded

Funds

$

252,247,398

$

252,247,398

$

–

$

–

Mutual

Funds

81,147,179

81,147,179

–

–

Total

$

333,394,577

$

333,394,577

$

–

$

–

PACIFIC

SELECT

FUND

PACIFIC

DYNAMIX

-

CONSERVATIVE

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

192

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

AFFILIATED

MUTUAL

FUNDS

-

100.0%

PD

1-3

Year

Corporate

Bond

Portfolio

Class P *

1,013,772

$

12,260,440

PD

Aggregate

Bond

Index

Portfolio

Class P *

16,803,816

223,683,137

PD

High

Yield

Bond

Market

Portfolio

Class P *

1,443,369

29,982,333

PD

Large-Cap

Growth

Index

Portfolio

Class P *

722,489

74,495,332

PD

Large-Cap

Value

Index

Portfolio

Class P *

1,544,810

80,175,582

PD

Mid-Cap

Index

Portfolio

Class P *

1,194,279

18,158,124

PD

Small-Cap

Growth

Index

Portfolio

Class P *

111,580

5,179,934

PD

Small-Cap

Value

Index

Portfolio

Class P *

133,598

5,160,715

PD

Emerging

Markets

Index

Portfolio

Class P *

255,660

5,205,657

PD

International

Large-Cap

Index

Portfolio

Class P *

1,686,757

48,975,931

a

Total

Affiliated

Mutual

Funds

    (Cost

$429,789,169)

503,277,185

TOTAL

INVESTMENTS

-

100.0%

(Cost

$429,789,169)

503,277,185

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

219,165

)

NET

ASSETS

-

100.0%

$

503,058,020

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Affiliated

Mutual

Funds

$

503,277,185

$

503,277,185

$

–

$

–

PACIFIC

SELECT

FUND

PACIFIC

DYNAMIX

-

MODERATE

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

193

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

AFFILIATED

MUTUAL

FUNDS

-

100.0%

PD

1-3

Year

Corporate

Bond

Portfolio

Class P *

3,146,118

$

38,048,782

PD

Aggregate

Bond

Index

Portfolio

Class P *

52,531,951

699,276,388

PD

High

Yield

Bond

Market

Portfolio

Class P *

4,977,389

103,392,674

PD

Large-Cap

Growth

Index

Portfolio

Class P *

5,670,354

584,666,267

PD

Large-Cap

Value

Index

Portfolio

Class P *

11,085,402

575,331,812

PD

Mid-Cap

Index

Portfolio

Class P *

11,473,978

174,453,326

PD

Small-Cap

Growth

Index

Portfolio

Class P *

865,816

40,194,099

PD

Small-Cap

Value

Index

Portfolio

Class P *

1,382,264

53,395,130

PD

Emerging

Markets

Index

Portfolio

Class P *

1,983,566

40,388,732

PD

International

Large-Cap

Index

Portfolio

Class P *

11,022,058

320,031,613

a

Total

Affiliated

Mutual

Funds

    (Cost

$1,996,912,616)

2,629,178,823

TOTAL

INVESTMENTS

-

100.0%

(Cost

$1,996,912,616)

2,629,178,823

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

1,027,766

)

NET

ASSETS

-

100.0%

$

2,628,151,057

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Affiliated

Mutual

Funds

$

2,629,178,823

$

2,629,178,823

$

–

$

–

PACIFIC

SELECT

FUND

PACIFIC

DYNAMIX

-

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

194

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

AFFILIATED

MUTUAL

FUNDS

-

100.0%

PD

Aggregate

Bond

Index

Portfolio

Class P *

20,829,613

$

277,272,337

PD

High

Yield

Bond

Market

Portfolio

Class P *

5,025,350

104,388,927

PD

Large-Cap

Growth

Index

Portfolio

Class P *

5,204,422

536,624,338

PD

Large-Cap

Value

Index

Portfolio

Class P *

10,202,976

529,533,928

PD

Mid-Cap

Index

Portfolio

Class P *

9,980,291

151,742,931

PD

Small-Cap

Growth

Index

Portfolio

Class P *

1,165,547

54,108,623

PD

Small-Cap

Value

Index

Portfolio

Class P *

1,395,614

53,910,802

PD

Emerging

Markets

Index

Portfolio

Class P *

3,204,152

65,241,914

PD

International

Large-Cap

Index

Portfolio

Class P *

12,612,137

366,200,475

a

Total

Affiliated

Mutual

Funds

    (Cost

$1,660,416,376)

2,139,024,275

TOTAL

INVESTMENTS

-

100.0%

(Cost

$1,660,416,376)

2,139,024,275

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

814,487

)

NET

ASSETS

-

100.0%

$

2,138,209,788

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Affiliated

Mutual

Funds

$

2,139,024,275

$

2,139,024,275

$

–

$

–

PACIFIC

SELECT

FUND

PACIFIC

DYNAMIX

-

AGGRESSIVE

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

195

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

AFFILIATED

MUTUAL

FUNDS

-

100.3%

PD

Aggregate

Bond

Index

Portfolio

Class P *

13,828

$

184,070

PD

High

Yield

Bond

Market

Portfolio

Class P *

4,501

93,488

PD

Large-Cap

Growth

Index

Portfolio

Class P *

17,451

1,799,336

PD

Large-Cap

Value

Index

Portfolio

Class P *

33,507

1,739,023

PD

Mid-Cap

Index

Portfolio

Class P *

36,160

549,786

PD

Small-Cap

Growth

Index

Portfolio

Class P *

3,484

161,737

PD

Small-Cap

Value

Index

Portfolio

Class P *

4,996

192,992

PD

Emerging

Markets

Index

Portfolio

Class P *

11,193

227,905

PD

International

Large-Cap

Index

Portfolio

Class P *

50,872

1,477,087

a

Total

Affiliated

Mutual

Funds

    (Cost

$6,005,874)

6,425,424

TOTAL

INVESTMENTS

-

100.3%

(Cost

$6,005,874)

6,425,424

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.3%)

(

20,695

)

NET

ASSETS

-

100.0%

$

6,404,729

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Affiliated

Mutual

Funds

$

6,425,424

$

6,425,424

$

–

$

–

PACIFIC

SELECT

FUND

PORTFOLIO

OPTIMIZATION

CONSERVATIVE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

196

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

AFFILIATED

MUTUAL

FUNDS

-

100.0%

Core

Income

Portfolio

Class P *

4,205,021

$

53,979,605

Diversified

Bond

Portfolio

Class P *

14,585,465

210,876,130

Floating

Rate

Income

Portfolio

Class P *

606,105

10,133,746

High

Yield

Bond

Portfolio

Class P *

3,487,920

41,162,615

Inflation

Managed

Portfolio

Class P *

1,397,395

20,420,893

Intermediate

Bond

Portfolio

Class P *

10,418,453

101,166,813

Managed

Bond

Portfolio

Class P *

11,243,522

178,826,570

Short

Duration

Bond

Portfolio

Class P *

6,870,487

81,058,673

Emerging

Markets

Debt

Portfolio

Class P *

1,504,612

20,677,560

Equity

Index

Portfolio

Class P *

102,450

15,973,648

Focused

Growth

Portfolio

Class P *

182,416

13,398,073

Growth

Portfolio

Class P *

188,895

15,716,957

Large-Cap

Core

Portfolio

Class P *

478,972

45,788,594

Large-Cap

Growth

Portfolio

Class P *

898,634

30,333,938

Large-Cap

Value

Portfolio

Class P *

648,809

29,041,787

Mid-Cap

Equity

Portfolio

Class P *

184,838

8,600,428

Mid-Cap

Growth

Portfolio

Class P *

380,877

11,961,266

Mid-Cap

Value

Portfolio

Class P *

450,563

22,436,115

Small-Cap

Equity

Portfolio

Class P *

61,370

2,647,333

Small-Cap

Growth

Portfolio

Class P *

307,009

10,447,409

Small-Cap

Value

Portfolio

Class P *

223,418

7,975,079

Value

Portfolio

Class P *

640,482

16,932,632

Value

Advantage

Portfolio

Class P *

779,377

23,955,786

Emerging

Markets

Portfolio

Class P *

503,744

10,234,717

International

Growth

Portfolio

Class P *

1,341,630

13,861,722

International

Large-Cap

Portfolio

Class P *

877,508

14,944,355

International

Value

Portfolio

Class P *

643,234

13,918,269

Real

Estate

Portfolio

Class P *

132,669

5,337,642

a

Total

Affiliated

Mutual

Funds

    (Cost

$934,233,504)

1,031,808,355

TOTAL

INVESTMENTS

-

100.0%

(Cost

$934,233,504)

1,031,808,355

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

385,973

)

NET

ASSETS

-

100.0%

$

1,031,422,382

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Affiliated

Mutual

Funds

$

1,031,808,355

$

1,031,808,355

$

–

$

–

PACIFIC

SELECT

FUND

PORTFOLIO

OPTIMIZATION

MODERATE-CONSERVATIVE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

197

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

AFFILIATED

MUTUAL

FUNDS

-

100.0%

Core

Income

Portfolio

Class P *

5,291,010

$

67,920,375

Diversified

Bond

Portfolio

Class P *

17,960,323

259,669,697

Floating

Rate

Income

Portfolio

Class P *

898,169

15,016,887

High

Yield

Bond

Portfolio

Class P *

3,876,759

45,751,487

Inflation

Managed

Portfolio

Class P *

1,035,426

15,131,242

Intermediate

Bond

Portfolio

Class P *

13,189,617

128,075,781

Managed

Bond

Portfolio

Class P *

14,051,477

223,486,672

Short

Duration

Bond

Portfolio

Class P *

3,817,984

45,044,945

Emerging

Markets

Debt

Portfolio

Class P *

1,114,926

15,322,190

Equity

Index

Portfolio

Class P *

258,137

40,247,895

Focused

Growth

Portfolio

Class P *

465,054

34,157,297

Growth

Portfolio

Class P *

541,232

45,033,098

Large-Cap

Core

Portfolio

Class P *

1,229,951

117,580,494

Large-Cap

Growth

Portfolio

Class P *

2,313,350

78,088,529

Large-Cap

Value

Portfolio

Class P *

1,433,657

64,172,917

Mid-Cap

Equity

Portfolio

Class P *

188,346

8,763,643

Mid-Cap

Growth

Portfolio

Class P *

641,553

20,147,671

Mid-Cap

Value

Portfolio

Class P *

222,590

11,084,064

Small-Cap

Equity

Portfolio

Class P *

127,325

5,492,481

Small-Cap

Growth

Portfolio

Class P *

341,209

11,611,241

Small-Cap

Index

Portfolio

Class P *

237,158

8,714,348

Small-Cap

Value

Portfolio

Class P *

154,508

5,515,284

Value

Portfolio

Class P *

1,572,202

41,564,855

Value

Advantage

Portfolio

Class P *

1,925,251

59,176,606

Emerging

Markets

Portfolio

Class P *

1,119,683

22,748,942

International

Growth

Portfolio

Class P *

4,818,332

49,783,012

International

Large-Cap

Portfolio

Class P *

2,508,297

42,717,434

International

Value

Portfolio

Class P *

1,943,405

42,051,327

Real

Estate

Portfolio

Class P *

393,317

15,824,275

a

Total

Affiliated

Mutual

Funds

    (Cost

$1,326,454,969)

1,539,894,689

TOTAL

INVESTMENTS

-

100.0%

(Cost

$1,326,454,969)

1,539,894,689

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

565,962

)

NET

ASSETS

-

100.0%

$

1,539,328,727

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Affiliated

Mutual

Funds

$

1,539,894,689

$

1,539,894,689

$

–

$

–

PACIFIC

SELECT

FUND

PORTFOLIO

OPTIMIZATION

MODERATE

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

198

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

AFFILIATED

MUTUAL

FUNDS

-

100.0%

Core

Income

Portfolio

Class P *

14,389,344

$

184,715,141

Diversified

Bond

Portfolio

Class P *

51,116,383

739,038,823

Floating

Rate

Income

Portfolio

Class P *

2,035,538

34,033,070

High

Yield

Bond

Portfolio

Class P *

14,643,875

172,819,380

Inflation

Managed

Portfolio

Class P *

2,346,629

34,292,558

Intermediate

Bond

Portfolio

Class P *

32,705,000

317,576,967

Managed

Bond

Portfolio

Class P *

38,085,018

605,736,613

Short

Duration

Bond

Portfolio

Class P *

11,536,947

136,114,023

Emerging

Markets

Debt

Portfolio

Class P *

2,526,863

34,726,120

Equity

Index

Portfolio

Class P *

1,743,812

271,889,963

Focused

Growth

Portfolio

Class P *

3,333,902

244,868,525

Growth

Portfolio

Class P *

3,426,348

285,088,546

Large-Cap

Core

Portfolio

Class P *

8,232,432

787,001,712

Large-Cap

Growth

Portfolio

Class P *

16,206,883

547,073,086

Large-Cap

Value

Portfolio

Class P *

8,321,893

372,502,005

Mid-Cap

Equity

Portfolio

Class P *

1,552,432

72,233,821

Mid-Cap

Growth

Portfolio

Class P *

6,980,153

219,208,416

Mid-Cap

Value

Portfolio

Class P *

2,162,307

107,673,758

Small-Cap

Equity

Portfolio

Class P *

1,319,329

56,912,491

Small-Cap

Growth

Portfolio

Class P *

3,299,780

112,290,469

Small-Cap

Index

Portfolio

Class P *

1,563,795

57,461,556

Small-Cap

Value

Portfolio

Class P *

1,600,988

57,148,549

Value

Portfolio

Class P *

9,816,669

259,526,671

Value

Advantage

Portfolio

Class P *

12,102,489

371,995,199

Emerging

Markets

Portfolio

Class P *

5,075,228

103,114,945

International

Growth

Portfolio

Class P *

32,938,989

340,325,704

International

Large-Cap

Portfolio

Class P *

14,740,383

251,035,349

International

Value

Portfolio

Class P *

10,805,297

233,804,621

Real

Estate

Portfolio

Class P *

891,456

35,865,813

a

Total

Affiliated

Mutual

Funds

    (Cost

$5,642,787,525)

7,046,073,894

TOTAL

INVESTMENTS

-

100.0%

(Cost

$5,642,787,525)

7,046,073,894

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

2,476,450

)

NET

ASSETS

-

100.0%

$

7,043,597,444

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Affiliated

Mutual

Funds

$

7,046,073,894

$

7,046,073,894

$

–

$

–

PACIFIC

SELECT

FUND

PORTFOLIO

OPTIMIZATION

GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

199

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

AFFILIATED

MUTUAL

FUNDS

-

100.0%

Core

Income

Portfolio

Class P *

2,508,058

$

32,195,793

Diversified

Bond

Portfolio

Class P *

25,837,761

373,561,414

Floating

Rate

Income

Portfolio

Class P *

1,915,890

32,032,624

High

Yield

Bond

Portfolio

Class P *

11,026,252

130,126,079

Inflation

Managed

Portfolio

Class P *

2,208,676

32,276,585

Intermediate

Bond

Portfolio

Class P *

19,197,777

186,417,113

Managed

Bond

Portfolio

Class P *

19,442,072

309,223,294

Short

Duration

Bond

Portfolio

Class P *

5,429,421

64,056,839

Emerging

Markets

Debt

Portfolio

Class P *

4,756,554

65,368,285

Equity

Index

Portfolio

Class P *

1,662,790

259,257,177

Focused

Growth

Portfolio

Class P *

2,676,254

196,565,603

Growth

Portfolio

Class P *

3,742,344

311,380,882

Large-Cap

Core

Portfolio

Class P *

8,910,198

851,794,569

Large-Cap

Growth

Portfolio

Class P *

17,247,030

582,183,860

Large-Cap

Value

Portfolio

Class P *

9,771,604

437,393,516

Mid-Cap

Equity

Portfolio

Class P *

1,607,155

74,780,054

Mid-Cap

Growth

Portfolio

Class P *

6,459,730

202,864,757

Mid-Cap

Value

Portfolio

Class P *

1,288,855

64,179,563

Small-Cap

Equity

Portfolio

Class P *

1,629,689

70,300,675

Small-Cap

Growth

Portfolio

Class P *

5,046,642

171,735,623

Small-Cap

Index

Portfolio

Class P *

1,471,739

54,078,987

Small-Cap

Value

Portfolio

Class P *

1,977,607

70,592,282

Value

Portfolio

Class P *

9,492,117

250,946,381

Value

Advantage

Portfolio

Class P *

13,032,954

400,594,986

Emerging

Markets

Portfolio

Class P *

11,146,081

226,458,303

International

Growth

Portfolio

Class P *

41,768,369

431,550,871

International

Large-Cap

Portfolio

Class P *

20,610,904

351,012,975

International

Small-Cap

Portfolio

Class P *

1,715,060

32,968,355

International

Value

Portfolio

Class P *

15,331,996

331,753,182

Real

Estate

Portfolio

Class P *

1,678,010

67,511,088

a

Total

Affiliated

Mutual

Funds

    (Cost

$5,233,060,001)

6,665,161,715

TOTAL

INVESTMENTS

-

100.0%

(Cost

$5,233,060,001)

6,665,161,715

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

2,327,030

)

NET

ASSETS

-

100.0%

$

6,662,834,685

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Affiliated

Mutual

Funds

$

6,665,161,715

$

6,665,161,715

$

–

$

–

PACIFIC

SELECT

FUND

PORTFOLIO

OPTIMIZATION

AGGRESSIVE-GROWTH

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

200

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Shares

Value

AFFILIATED

MUTUAL

FUNDS

-

100.0%

Diversified

Bond

Portfolio

Class P *

1,947,213

$

28,152,732

Floating

Rate

Income

Portfolio

Class P *

478,548

8,001,064

High

Yield

Bond

Portfolio

Class P *

688,520

8,125,559

Intermediate

Bond

Portfolio

Class P *

744,072

7,225,199

Managed

Bond

Portfolio

Class P *

1,315,207

20,918,176

Emerging

Markets

Debt

Portfolio

Class P *

594,037

8,163,725

Equity

Index

Portfolio

Class P *

463,859

72,323,445

Focused

Growth

Portfolio

Class P *

760,648

55,868,106

Growth

Portfolio

Class P *

1,113,745

92,668,867

Large-Cap

Core

Portfolio

Class P *

2,427,825

232,094,566

Large-Cap

Growth

Portfolio

Class P *

5,005,073

168,949,264

Large-Cap

Value

Portfolio

Class P *

2,757,406

123,426,136

Mid-Cap

Equity

Portfolio

Class P *

437,913

20,375,874

Mid-Cap

Growth

Portfolio

Class P *

1,859,557

58,398,506

Mid-Cap

Value

Portfolio

Class P *

643,841

32,060,565

Small-Cap

Equity

Portfolio

Class P *

484,598

20,904,346

Small-Cap

Growth

Portfolio

Class P *

1,187,816

40,421,016

Small-Cap

Index

Portfolio

Class P *

482,483

17,728,804

Small-Cap

Value

Portfolio

Class P *

823,284

29,387,802

Value

Portfolio

Class P *

2,370,836

62,678,618

Value

Advantage

Portfolio

Class P *

3,720,267

114,350,137

Emerging

Markets

Portfolio

Class P *

3,181,863

64,646,865

International

Growth

Portfolio

Class P *

13,040,546

134,734,949

International

Large-Cap

Portfolio

Class P *

6,929,982

118,020,713

International

Small-Cap

Portfolio

Class P *

856,755

16,469,279

International

Value

Portfolio

Class P *

4,689,064

101,461,789

Real

Estate

Portfolio

Class P *

419,104

16,861,732

a

Total

Affiliated

Mutual

Funds

    (Cost

$1,281,128,806)

1,674,417,834

TOTAL

INVESTMENTS

-

100.0%

(Cost

$1,281,128,806)

1,674,417,834

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

598,770

)

NET

ASSETS

-

100.0%

$

1,673,819,064

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Affiliated

Mutual

Funds

$

1,674,417,834

$

1,674,417,834

$

–

$

–

PACIFIC

SELECT

FUND

PD

1-3

YEAR

CORPORATE

BOND

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

201

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CORPORATE

BONDS

&

NOTES

-

99.0%

Basic

Materials

-

0.7%

BHP

Billiton

Finance

USA

Ltd.

(Australia) 

5.250%

due

09/08/26 

$

100,000

$

102,254

Celanese

U.S.

Holdings

LLC

6.165%

due

07/15/27 

100,000

103,658

DuPont

de

Nemours,

Inc.

4.493%

due

11/15/25 

50,000

49,928

Nutrien

Ltd.

(Canada) 

5.200%

due

06/21/27 

110,000

112,843

368,683

Communications

-

5.0%

Alphabet,

Inc.

1.998%

due

08/15/26 

100,000

96,979

Amazon.com,

Inc.

3.150%

due

08/22/27 

200,000

196,380

5.200%

due

12/03/25 

250,000

252,949

AT&T,

Inc.

5.539%

due

02/20/26 

300,000

299,940

Baidu,

Inc.

(China) 

3.625%

due

07/06/27 

50,000

49,302

Cisco

Systems,

Inc.

4.800%

due

02/26/27 

215,000

219,748

Comcast

Corp.

5.250%

due

11/07/25 

100,000

101,108

Paramount

Global

2.900%

due

01/15/27 

100,000

95,714

Sprint

LLC

7.625%

due

03/01/26 

150,000

155,056

T-Mobile

USA,

Inc.

2.250%

due

02/15/26 

300,000

291,908

TCI

Communications,

Inc.

7.875%

due

02/15/26 

250,000

262,088

Verizon

Communications,

Inc.

1.450%

due

03/20/26 

250,000

239,870

Walt

Disney

Co.

3.375%

due

11/15/26 

250,000

246,939

2,507,981

Consumer,

Cyclical

-

7.5%

American

Airlines

Pass-Through

Trust

Class AA

3.600%

due

03/22/29 

29,866

28,940

American

Honda

Finance

Corp.

4.900%

due

07/09/27 

70,000

71,554

5.250%

due

07/07/26 

210,000

214,104

Darden

Restaurants,

Inc.

due

10/15/27 #

75,000

74,984

Ford

Motor

Credit

Co.

LLC

4.950%

due

05/28/27 

250,000

249,448

5.800%

due

03/05/27 

250,000

254,619

5.850%

due

05/17/27 

200,000

203,655

General

Motors

Financial

Co.,

Inc.

1.500%

due

06/10/26 

300,000

285,507

4.000%

due

10/06/26 

250,000

248,058

Hasbro,

Inc.

3.500%

due

09/15/27 

50,000

48,710

Home

Depot,

Inc.

4.875%

due

06/25/27 

85,000

87,225

Magna

International,

Inc.

(Canada) 

5.980%

due

03/21/26 

125,000

125,041

a

Principal

Amount

Value

Marriott

International,

Inc.

5.450%

due

09/15/26 

$

85,000

$

87,131

McDonald's

Corp.

3.700%

due

01/30/26 

100,000

99,436

PACCAR

Financial

Corp.

4.450%

due

08/06/27 

165,000

167,635

Sands

China

Ltd.

(Macau) 

3.800%

due

01/08/26 

300,000

295,163

Starbucks

Corp.

4.850%

due

02/08/27 

250,000

254,009

Tapestry,

Inc.

7.050%

due

11/27/25 

50,000

51,009

TJX

Cos.,

Inc.

2.250%

due

09/15/26 

50,000

48,417

Toyota

Motor

Credit

Corp.

1.125%

due

06/18/26 

250,000

238,475

5.000%

due

08/14/26 

200,000

203,724

5.400%

due

11/10/25 

100,000

101,392

Walmart,

Inc.

4.000%

due

04/15/26 

135,000

135,432

Warnermedia

Holdings,

Inc.

3.755%

due

03/15/27 

200,000

193,431

3,767,099

Consumer,

Non-Cyclical

-

13.5%

AbbVie,

Inc.

3.200%

due

05/14/26 

100,000

98,755

4.800%

due

03/15/27 

210,000

214,102

Agilent

Technologies,

Inc.

4.200%

due

09/09/27 

250,000

250,753

Amgen,

Inc.

2.600%

due

08/19/26 

200,000

194,561

AstraZeneca

PLC

(United

Kingdom) 

3.375%

due

11/16/25 

200,000

198,468

BAT

International

Finance

PLC

(United

Kingdom) 

1.668%

due

03/25/26 

150,000

144,174

Baxter

International,

Inc.

2.600%

due

08/15/26 

100,000

96,944

Bio-Rad

Laboratories,

Inc.

3.300%

due

03/15/27 

125,000

122,025

Bristol-Myers

Squibb

Co.

3.250%

due

02/27/27 

200,000

197,013

Cigna

Group

1.250%

due

03/15/26 

150,000

143,537

4.125%

due

11/15/25 

100,000

99,715

CommonSpirit

Health

1.547%

due

10/01/25 

250,000

241,237

Conopco,

Inc.

7.250%

due

12/15/26 

250,000

266,964

Constellation

Brands,

Inc.

4.400%

due

11/15/25 

100,000

99,923

CVS

Health

Corp.

1.300%

due

08/21/27 

150,000

137,842

2.875%

due

06/01/26 

150,000

146,432

Elevance

Health,

Inc.

4.900%

due

02/08/26 

100,000

99,978

Eli

Lilly

&

Co.

4.150%

due

08/14/27 

70,000

70,667

4.500%

due

02/09/27 

50,000

50,694

Flowers

Foods,

Inc.

3.500%

due

10/01/26 

150,000

147,509

GE

HealthCare

Technologies,

Inc.

5.600%

due

11/15/25 

100,000

101,103

202

PACIFIC

SELECT

FUND

PD

1-3

YEAR

CORPORATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

General

Mills,

Inc.

4.700%

due

01/30/27 

$

75,000

$

75,928

Gilead

Sciences,

Inc.

3.650%

due

03/01/26 

250,000

248,069

Global

Payments,

Inc.

1.200%

due

03/01/26 

100,000

95,606

HCA,

Inc.

4.500%

due

02/15/27 

250,000

250,361

Humana,

Inc.

1.350%

due

02/03/27 

150,000

140,213

Illumina,

Inc.

4.650%

due

09/09/26 

55,000

55,376

Johnson

&

Johnson

0.950%

due

09/01/27 

50,000

46,355

2.950%

due

03/03/27 

150,000

147,475

Kaiser

Foundation

Hospitals

3.150%

due

05/01/27 

150,000

147,066

Kraft

Heinz

Foods

Co.

3.000%

due

06/01/26 

100,000

97,985

Kroger

Co.

4.600%

due

08/15/27 

75,000

75,659

Laboratory

Corp.

of

America

Holdings

3.600%

due

09/01/27 

50,000

49,073

McKesson

Corp.

0.900%

due

12/03/25 

100,000

96,184

Novartis

Capital

Corp.

(Switzerland) 

3.000%

due

11/20/25 

100,000

98,874

PayPal

Holdings,

Inc.

2.650%

due

10/01/26 

100,000

97,441

PeaceHealth

Obligated

Group

1.375%

due

11/15/25 

250,000

240,755

Pepsico

Singapore

Financing

I

Pte.

Ltd.

4.650%

due

02/16/27 

100,000

101,645

Pfizer

Investment

Enterprises

Pte.

Ltd.

4.450%

due

05/19/26 

230,000

231,536

Philip

Morris

International,

Inc.

3.125%

due

08/17/27 

50,000

49,008

4.875%

due

02/13/26 

135,000

136,373

Procter

&

Gamble

Co.

0.550%

due

10/29/25 

100,000

96,473

4.100%

due

01/26/26 

50,000

50,228

S&P

Global,

Inc.

2.450%

due

03/01/27 

100,000

96,474

Shire

Acquisitions

Investments

Ireland

DAC

3.200%

due

09/23/26 

100,000

98,478

Sysco

Corp.

3.750%

due

10/01/25 

100,000

99,328

Thermo

Fisher

Scientific,

Inc.

4.953%

due

08/10/26 

100,000

101,736

Tyson

Foods,

Inc.

3.550%

due

06/02/27 

150,000

147,138

UnitedHealth

Group,

Inc.

4.750%

due

07/15/26 

85,000

86,295

5.150%

due

10/15/25 

205,000

207,150

Utah

Acquisition

Sub,

Inc.

3.950%

due

06/15/26 

91,000

90,141

Zoetis,

Inc.

5.400%

due

11/14/25 

100,000

100,974

6,777,793

Energy

-

5.8%

BP

Capital

Markets

America,

Inc.

3.410%

due

02/11/26 

250,000

248,000

a

Principal

Amount

Value

Chevron

Corp.

2.954%

due

05/16/26 

$

200,000

$

197,150

Enbridge,

Inc.

(Canada) 

4.250%

due

12/01/26 

250,000

249,807

Energy

Transfer

LP

3.900%

due

07/15/26 

250,000

247,766

Enterprise

Products

Operating

LLC

4.600%

due

01/11/27 

150,000

151,937

Exxon

Mobil

Corp.

2.275%

due

08/16/26 

150,000

145,879

HF

Sinclair

Corp.

5.875%

due

04/01/26 

239,000

242,484

MPLX

LP

1.750%

due

03/01/26 

250,000

240,843

Occidental

Petroleum

Corp.

5.000%

due

08/01/27 

90,000

91,309

Phillips

66

Co.

3.550%

due

10/01/26 

150,000

148,095

Pioneer

Natural

Resources

Co.

5.100%

due

03/29/26 

140,000

142,035

Sabine

Pass

Liquefaction

LLC

5.000%

due

03/15/27 

250,000

253,323

Shell

International

Finance

BV

2.500%

due

09/12/26 

100,000

97,042

South

Bow

USA

Infrastructure

Holdings

LLC

(Canada) 

4.911%

due

09/01/27 ~

50,000

50,395

Tennessee

Gas

Pipeline

Co.

LLC

7.000%

due

03/15/27 

150,000

158,684

Transcontinental

Gas

Pipe

Line

Co.

LLC

7.850%

due

02/01/26 

250,000

258,647

2,923,396

Financial

-

47.3%

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust

(Ireland) 

6.100%

due

01/15/27 

250,000

258,939

Air

Lease

Corp.

2.875%

due

01/15/26 

100,000

97,981

5.300%

due

06/25/26 

85,000

86,417

American

Express

Co.

4.200%

due

11/06/25 

200,000

200,047

5.098%

due

02/16/28 

80,000

81,545

5.645%

due

04/23/27 

250,000

254,865

American

Tower

Corp.

3.375%

due

10/15/26 

350,000

344,017

Aon

North

America,

Inc.

5.125%

due

03/01/27 

95,000

97,212

ARES

Capital

Corp.

2.150%

due

07/15/26 

150,000

142,615

Australia

&

New

Zealand

Banking

Group

Ltd.

(Australia) 

4.750%

due

01/18/27 

100,000

101,679

4.900%

due

07/16/27 

250,000

256,607

AvalonBay

Communities,

Inc.

2.950%

due

05/11/26 

100,000

98,078

Banco

Santander

SA

(Spain) 

1.849%

due

03/25/26 

200,000

192,351

4.175%

due

03/24/28 

200,000

198,136

5.365%

due

07/15/28 

200,000

204,763

Bank

of

America

Corp.

3.824%

due

01/20/28 

500,000

494,644

5.080%

due

01/20/27 

500,000

504,196

5.933%

due

09/15/27 

150,000

154,513

203

PACIFIC

SELECT

FUND

PD

1-3

YEAR

CORPORATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Bank

of

America

NA

5.526%

due

08/18/26 

$

150,000

$

154,091

Bank

of

Montreal

(Canada) 

5.266%

due

12/11/26 

50,000

51,205

5.370%

due

06/04/27 

250,000

258,622

Bank

of

New

York

Mellon

Corp.

4.890%

due

07/21/28 

100,000

101,875

4.947%

due

04/26/27 

150,000

151,487

Bank

of

Nova

Scotia

(Canada) 

1.350%

due

06/24/26 

200,000

191,138

4.404%

due

09/08/28 

150,000

150,547

5.400%

due

06/04/27 

125,000

128,928

Barclays

PLC

(United

Kingdom) 

5.200%

due

05/12/26 

50,000

50,332

5.674%

due

03/12/28 

225,000

231,197

5.829%

due

05/09/27 

265,000

270,103

Berkshire

Hathaway,

Inc.

3.125%

due

03/15/26 

100,000

98,824

BlackRock

Funding,

Inc.

4.600%

due

07/26/27 

55,000

56,082

Blackstone

Private

Credit

Fund

3.250%

due

03/15/27 

200,000

190,643

4.950%

due

09/26/27 ~

110,000

109,048

Boston

Properties

LP

3.650%

due

02/01/26 

200,000

197,093

Canadian

Imperial

Bank

of

Commerce

(Canada) 

4.508%

due

09/11/27 

190,000

191,036

5.237%

due

06/28/27 

200,000

205,532

Capital

One

Financial

Corp.

3.650%

due

05/11/27 

150,000

147,473

7.149%

due

10/29/27 

100,000

105,424

Charles

Schwab

Corp.

0.900%

due

03/11/26 

250,000

238,247

Citibank

NA

4.929%

due

08/06/26 

250,000

253,806

5.438%

due

04/30/26 

250,000

254,955

5.488%

due

12/04/26 

185,000

190,392

Citigroup,

Inc.

1.122%

due

01/28/27 

200,000

191,377

3.887%

due

01/10/28 

250,000

247,531

4.658%

due

05/24/28 

150,000

151,296

Citizens

Bank

NA

4.575%

due

08/09/28 

50,000

49,959

Commonwealth

Bank

of

Australia

(Australia) 

5.316%

due

03/13/26 

150,000

152,841

Cooperatieve

Rabobank

UA

(Netherlands) 

5.041%

due

03/05/27 

250,000

255,881

Crown

Castle,

Inc.

1.050%

due

07/15/26 

150,000

141,554

3.650%

due

09/01/27 

50,000

49,021

Deutsche

Bank

AG

(Germany) 

4.100%

due

01/13/26 

350,000

347,043

Discover

Financial

Services

4.500%

due

01/30/26 

200,000

199,827

EPR

Properties

4.750%

due

12/15/26 

100,000

99,644

Equinix,

Inc.

1.450%

due

05/15/26 

200,000

191,147

Fifth

Third

Bank

NA

2.250%

due

02/01/27 

150,000

143,309

FS

KKR

Capital

Corp.

3.250%

due

07/15/27 

50,000

47,371

a

Principal

Amount

Value

Goldman

Sachs

Bank

USA

5.414%

due

05/21/27 

$

170,000

$

172,801

Goldman

Sachs

Group,

Inc.

3.615%

due

03/15/28 

500,000

492,003

3.750%

due

02/25/26 

50,000

49,695

4.250%

due

10/21/25 

250,000

249,136

4.482%

due

08/23/28 

150,000

150,819

Highwoods

Realty

LP

3.875%

due

03/01/27 

150,000

146,724

HSBC

Holdings

PLC

(United

Kingdom) 

4.755%

due

06/09/28 

200,000

201,473

5.210%

due

08/11/28 

50,000

51,028

5.597%

due

05/17/28 

215,000

221,067

5.887%

due

08/14/27 

150,000

154,123

HSBC

USA,

Inc.

5.294%

due

03/04/27 

200,000

205,034

ING

Groep

NV

(Netherlands) 

4.017%

due

03/28/28 

150,000

148,935

Intercontinental

Exchange,

Inc.

4.000%

due

09/15/27 

50,000

50,014

JPMorgan

Chase

&

Co.

3.540%

due

05/01/28 

250,000

245,520

3.782%

due

02/01/28 

800,000

791,353

4.851%

due

07/25/28 

300,000

305,291

4.979%

due

07/22/28 

45,000

45,885

5.040%

due

01/23/28 

50,000

50,843

5.571%

due

04/22/28 

120,000

123,744

7.625%

due

10/15/26 

100,000

106,776

JPMorgan

Chase

Bank

NA

5.110%

due

12/08/26 

150,000

153,418

KeyBank

NA

4.700%

due

01/26/26 

200,000

200,323

Kimco

Realty

OP

LLC

2.800%

due

10/01/26 

150,000

145,582

Kite

Realty

Group

LP

4.000%

due

10/01/26 

150,000

148,068

Lloyds

Banking

Group

PLC

(United

Kingdom) 

4.650%

due

03/24/26 

200,000

199,700

5.985%

due

08/07/27 

175,000

179,682

Main

Street

Capital

Corp.

6.500%

due

06/04/27 

25,000

25,563

Manufacturers

&

Traders

Trust

Co.

4.650%

due

01/27/26 

250,000

249,883

Manulife

Financial

Corp.

(Canada) 

4.150%

due

03/04/26 

100,000

99,801

Mastercard,

Inc.

2.950%

due

11/21/26 

100,000

98,160

Mitsubishi

UFJ

Financial

Group,

Inc.

(Japan) 

4.080%

due

04/19/28 

250,000

248,769

5.017%

due

07/20/28 

150,000

153,098

Mizuho

Financial

Group,

Inc.

(Japan) 

2.839%

due

09/13/26 

150,000

146,356

Morgan

Stanley

3.875%

due

01/27/26 

250,000

248,980

5.050%

due

01/28/27 

300,000

302,861

5.652%

due

04/13/28 

155,000

160,037

Morgan

Stanley

Bank

NA

4.952%

due

01/14/28 

515,000

522,837

5.504%

due

05/26/28 

250,000

257,921

National

Australia

Bank

Ltd.

(Australia) 

2.500%

due

07/12/26 

250,000

243,790

204

PACIFIC

SELECT

FUND

PD

1-3

YEAR

CORPORATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

NatWest

Group

PLC

(United

Kingdom) 

3.073%

due

05/22/28 

$

200,000

$

193,301

5.847%

due

03/02/27 

150,000

152,693

Nomura

Holdings,

Inc.

(Japan) 

1.653%

due

07/14/26 

250,000

238,194

Northern

Trust

Corp.

3.950%

due

10/30/25 

50,000

49,825

ORIX

Corp.

(Japan) 

5.000%

due

09/13/27 

50,000

50,978

PNC

Financial

Services

Group,

Inc.

1.150%

due

08/13/26 

250,000

236,768

5.300%

due

01/21/28 

75,000

76,761

Principal

Financial

Group,

Inc.

3.100%

due

11/15/26 

100,000

97,773

Prologis

LP

3.250%

due

10/01/26 

150,000

147,731

Prudential

Financial,

Inc.

4.500%

due

09/15/47 

50,000

49,378

Realty

Income

Corp.

3.000%

due

01/15/27 

150,000

146,077

Royal

Bank

of

Canada

(Canada) 

4.650%

due

01/27/26 

100,000

100,218

4.875%

due

01/12/26 

100,000

100,997

4.875%

due

01/19/27 

165,000

168,109

Santander

Holdings

USA,

Inc.

2.490%

due

01/06/28 

150,000

142,217

6.124%

due

05/31/27 

50,000

51,088

Simon

Property

Group

LP

3.250%

due

11/30/26 

250,000

245,702

Sumitomo

Mitsui

Financial

Group,

Inc.

(Japan) 

1.402%

due

09/17/26 

500,000

474,130

3.010%

due

10/19/26 

150,000

146,449

Synchrony

Financial

3.700%

due

08/04/26 

100,000

98,197

Toronto-Dominion

Bank

(Canada) 

5.264%

due

12/11/26 

130,000

133,275

5.532%

due

07/17/26 

300,000

307,848

Truist

Financial

Corp.

6.047%

due

06/08/27 

115,000

118,044

U.S.

Bancorp

4.548%

due

07/22/28 

100,000

100,807

6.787%

due

10/26/27 

200,000

210,060

UBS

AG

(Switzerland) 

1.250%

due

08/07/26 

300,000

284,892

Visa,

Inc.

2.750%

due

09/15/27 

100,000

97,261

3.150%

due

12/14/25 

100,000

98,984

Wachovia

Corp.

7.574%

due

08/01/26 

500,000

527,221

Wells

Fargo

&

Co.

3.000%

due

10/23/26 

200,000

195,523

4.808%

due

07/25/28 

300,000

303,571

5.707%

due

04/22/28 

190,000

196,224

Wells

Fargo

Bank

NA

5.254%

due

12/11/26 

200,000

205,066

Westpac

Banking

Corp.

(Australia) 

2.850%

due

05/13/26 

100,000

98,180

5.200%

due

04/16/26 

200,000

203,642

23,808,763

Industrial

-

6.5%

Amphenol

Corp.

5.050%

due

04/05/27 

55,000

56,314

a

Principal

Amount

Value

Boeing

Co.

2.250%

due

06/15/26 

$

250,000

$

238,750

5.040%

due

05/01/27 

250,000

250,817

Caterpillar

Financial

Services

Corp.

1.100%

due

09/14/27 

50,000

46,262

4.450%

due

10/16/26 

145,000

146,740

5.000%

due

05/14/27 

100,000

102,801

CNH

Industrial

Capital

LLC

1.875%

due

01/15/26 

150,000

145,167

Eaton

Corp.

3.103%

due

09/15/27 

50,000

48,846

GATX

Corp.

5.400%

due

03/15/27 

80,000

82,139

General

Dynamics

Corp.

2.125%

due

08/15/26 

50,000

48,427

Honeywell

International,

Inc.

4.650%

due

07/30/27 

100,000

102,030

John

Deere

Capital

Corp.

1.050%

due

06/17/26 

350,000

333,719

4.200%

due

07/15/27 

125,000

126,059

Lockheed

Martin

Corp.

3.550%

due

01/15/26 

100,000

99,334

Owens

Corning

5.500%

due

06/15/27 

70,000

72,293

Regal

Rexnord

Corp.

6.050%

due

02/15/26 

150,000

152,378

RTX

Corp.

2.650%

due

11/01/26 

250,000

242,802

Ryder

System,

Inc.

5.300%

due

03/15/27 

110,000

112,582

Sonoco

Products

Co.

4.450%

due

09/01/26 

75,000

75,053

Stanley

Black

&

Decker,

Inc.

6.272%

due

03/06/26 

250,000

250,110

Tyco

Electronics

Group

SA

3.125%

due

08/15/27 

50,000

48,811

Union

Pacific

Corp.

2.750%

due

03/01/26 

200,000

196,371

Waste

Management,

Inc.

4.950%

due

07/03/27 

115,000

118,125

Westinghouse

Air

Brake

Technologies

Corp.

3.450%

due

11/15/26 

150,000

147,405

3,243,335

Technology

-

7.4%

Adobe,

Inc.

4.850%

due

04/04/27 

80,000

81,940

Apple,

Inc.

2.050%

due

09/11/26 

500,000

484,104

2.450%

due

08/04/26 

100,000

97,632

2.900%

due

09/12/27 

50,000

48,889

Applied

Materials,

Inc.

3.900%

due

10/01/25 

50,000

49,816

Broadcom

Corp./Broadcom

Cayman

Finance

Ltd.

3.875%

due

01/15/27 

100,000

99,346

Broadcom,

Inc.

5.050%

due

07/12/27 

125,000

127,782

Broadridge

Financial

Solutions,

Inc.

3.400%

due

06/27/26 

100,000

98,486

Dell

International

LLC/EMC

Corp.

6.020%

due

06/15/26 

221,000

226,395

Fiserv,

Inc.

5.150%

due

03/15/27 

165,000

168,742

205

PACIFIC

SELECT

FUND

PD

1-3

YEAR

CORPORATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Hewlett

Packard

Enterprise

Co.

4.400%

due

09/25/27 

$

25,000

$

25,032

4.450%

due

09/25/26 

25,000

25,063

4.900%

due

10/15/25 

100,000

100,108

Intel

Corp.

3.150%

due

05/11/27 

150,000

145,012

3.750%

due

08/05/27 

100,000

98,049

International

Business

Machines

Corp.

3.300%

due

05/15/26 

350,000

345,431

6.220%

due

08/01/27 

100,000

105,938

Microsoft

Corp.

3.300%

due

02/06/27 

500,000

495,596

NXP

BV/NXP

Funding

LLC

(China) 

5.350%

due

03/01/26 

200,000

202,032

Oracle

Corp.

2.650%

due

07/15/26 

350,000

340,331

Skyworks

Solutions,

Inc.

1.800%

due

06/01/26 

50,000

47,789

TSMC

Arizona

Corp.

(Taiwan) 

1.750%

due

10/25/26 

200,000

190,203

VMware

LLC

3.900%

due

08/21/27 

100,000

98,983

3,702,699

Utilities

-

5.3%

CenterPoint

Energy

Houston

Electric

LLC

3.000%

due

02/01/27 

150,000

146,249

Cleco

Corporate

Holdings

LLC

3.743%

due

05/01/26 

50,000

49,233

CMS

Energy

Corp.

3.000%

due

05/15/26 

125,000

122,057

Duke

Energy

Corp.

4.850%

due

01/05/27 

110,000

111,794

Emera

U.S.

Finance

LP

(Canada) 

3.550%

due

06/15/26 

150,000

147,187

Entergy

Louisiana

LLC

2.400%

due

10/01/26 

150,000

145,180

Evergy

Kansas

Central,

Inc.

2.550%

due

07/01/26 

100,000

97,485

Eversource

Energy

5.000%

due

01/01/27 

85,000

86,374

National

Fuel

Gas

Co.

3.950%

due

09/15/27 

50,000

49,153

National

Rural

Utilities

Cooperative

Finance

Corp.

4.800%

due

02/05/27 

150,000

152,796

NextEra

Energy

Capital

Holdings,

Inc.

4.950%

due

01/29/26 

260,000

262,713

Pacific

Gas

&

Electric

Co.

2.950%

due

03/01/26 

350,000

341,717

Southern

California

Edison

Co.

1.200%

due

02/01/26 

200,000

191,806

Southern

California

Gas

Co.

2.600%

due

06/15/26 

150,000

146,432

Southern

Power

Co.

0.900%

due

01/15/26 

250,000

239,245

Virginia

Electric

&

Power

Co.

2.950%

due

11/15/26 

250,000

244,551

WEC

Energy

Group,

Inc.

5.600%

due

09/12/26 

40,000

41,032

a

Principal

Amount

Value

Xcel

Energy,

Inc.

3.350%

due

12/01/26 

$

100,000

$

98,037

2,673,041

Total

Corporate

Bonds

&

Notes

    (Cost

$48,940,585)

49,772,790

Shares

SHORT-TERM

INVESTMENTS

-

1.9%

Money

Market

Funds

-

1.9%

BlackRock

Liquidity

Funds:

T-Fund

Institutional

Shares

5.192%

969,263

969,263

a

Total

Short-Term

Investments

(Cost

$969,263)

969,263

TOTAL

INVESTMENTS

-

100.9%

(Cost

$49,909,848)

50,742,053

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.9%)

(

432,610

)

NET

ASSETS

-

100.0%

$

50,309,443

206

PACIFIC

SELECT

FUND

PD

1-3

YEAR

CORPORATE

BOND

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Corporate

Bonds

&

Notes

$

49,772,790

$

–

$

49,772,790

$

–

Short-Term

Investments

969,263

969,263

–

–

Total

$

50,742,053

$

969,263

$

49,772,790

$

–

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

207

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CORPORATE

BONDS

&

NOTES

-

26.3%

Basic

Materials

-

0.6%

Air

Products

&

Chemicals,

Inc.

4.800%

due

03/03/33 

$

100,000

$

103,368

4.850%

due

02/08/34 

300,000

309,467

Albemarle

Corp.

5.050%

due

06/01/32 

100,000

100,101

5.450%

due

12/01/44 

50,000

47,484

ArcelorMittal

SA

(Luxembourg) 

6.550%

due

11/29/27 

200,000

212,348

BHP

Billiton

Finance

USA

Ltd.

(Australia) 

5.000%

due

09/30/43 

500,000

501,790

Celanese

U.S.

Holdings

LLC

1.400%

due

08/05/26 

25,000

23,602

6.165%

due

07/15/27 

250,000

259,144

6.350%

due

11/15/28 

180,000

190,128

Dow

Chemical

Co.

2.100%

due

11/15/30 

250,000

222,166

3.600%

due

11/15/50 

250,000

188,511

4.250%

due

10/01/34 

141,000

136,657

4.800%

due

05/15/49 

65,000

59,507

DuPont

de

Nemours,

Inc.

4.725%

due

11/15/28 

150,000

152,931

5.319%

due

11/15/38 

39,000

42,493

5.419%

due

11/15/48 

75,000

83,018

Eastman

Chemical

Co.

4.650%

due

10/15/44 

50,000

45,396

4.800%

due

09/01/42 

100,000

93,483

Ecolab,

Inc.

1.650%

due

02/01/27 

100,000

95,089

2.125%

due

02/01/32 

100,000

87,007

2.700%

due

12/15/51 

100,000

67,334

EIDP,

Inc.

4.800%

due

05/15/33 

200,000

202,960

Freeport-McMoRan,

Inc.

4.125%

due

03/01/28 

150,000

149,012

4.625%

due

08/01/30 

100,000

99,975

5.450%

due

03/15/43 

100,000

100,526

Georgia-Pacific

LLC

8.875%

due

05/15/31 

100,000

125,329

Huntsman

International

LLC

4.500%

due

05/01/29 

45,000

44,206

5.700%

due

10/15/34 

40,000

39,695

International

Paper

Co.

4.350%

due

08/15/48 

54,000

47,154

6.000%

due

11/15/41 

200,000

218,069

Kinross

Gold

Corp.

(Canada) 

6.250%

due

07/15/33 

100,000

108,561

Linde,

Inc.

1.100%

due

08/10/30 

50,000

42,571

2.000%

due

08/10/50 

30,000

17,592

4.700%

due

12/05/25 

100,000

100,735

LYB

International

Finance

III

LLC

1.250%

due

10/01/25 

20,000

19,340

2.250%

due

10/01/30 

25,000

22,154

3.375%

due

10/01/40 

30,000

23,689

3.625%

due

04/01/51 

40,000

29,839

3.800%

due

10/01/60 

30,000

22,144

4.200%

due

05/01/50 

300,000

246,607

LyondellBasell

Industries

NV

4.625%

due

02/26/55 

75,000

65,421

Mosaic

Co.

5.450%

due

11/15/33 

163,000

168,531

a

Principal

Amount

Value

NewMarket

Corp.

2.700%

due

03/18/31 

$

100,000

$

87,871

Newmont

Corp.

2.250%

due

10/01/30 

65,000

58,275

2.600%

due

07/15/32 

100,000

88,726

5.875%

due

04/01/35 

100,000

109,493

Nucor

Corp.

2.979%

due

12/15/55 

25,000

16,397

Nutrien

Ltd.

(Canada) 

2.950%

due

05/13/30 

50,000

46,538

4.200%

due

04/01/29 

55,000

54,851

5.250%

due

01/15/45 

139,000

136,573

5.950%

due

11/07/25 

35,000

35,558

PPG

Industries,

Inc.

1.200%

due

03/15/26 

70,000

66,896

2.800%

due

08/15/29 

50,000

46,743

Rio

Tinto

Finance

USA

Ltd.

(Australia) 

2.750%

due

11/02/51 

50,000

33,906

7.125%

due

07/15/28 

50,000

55,107

Rio

Tinto

Finance

USA

PLC

(Australia) 

4.750%

due

03/22/42 

200,000

196,422

RPM

International,

Inc.

5.250%

due

06/01/45 

50,000

48,851

Sherwin-Williams

Co.

3.450%

due

06/01/27 

60,000

59,014

3.950%

due

01/15/26 

150,000

149,070

4.000%

due

12/15/42 

50,000

42,733

4.500%

due

06/01/47 

29,000

26,476

4.550%

due

03/01/28 

100,000

101,362

Southern

Copper

Corp.

(Mexico) 

5.250%

due

11/08/42 

150,000

146,566

7.500%

due

07/27/35 

50,000

59,514

Steel

Dynamics,

Inc.

1.650%

due

10/15/27 

10,000

9,255

3.250%

due

01/15/31 

40,000

36,988

3.250%

due

10/15/50 

20,000

14,086

Suzano

Austria

GmbH

(Brazil) 

2.500%

due

09/15/28 

40,000

36,640

3.125%

due

01/15/32 

40,000

34,786

3.750%

due

01/15/31 

125,000

115,267

Suzano

International

Finance

BV

(Brazil) 

5.500%

due

01/17/27 

50,000

50,954

Vale

Overseas

Ltd.

(Brazil) 

6.125%

due

06/12/33 

250,000

264,913

6.875%

due

11/21/36 

150,000

167,747

Westlake

Corp.

4.375%

due

11/15/47 

100,000

86,489

7,399,201

Communications

-

2.2%

Alibaba

Group

Holding

Ltd.

(China) 

2.700%

due

02/09/41 

350,000

259,096

3.150%

due

02/09/51 

350,000

250,822

Alphabet,

Inc.

0.800%

due

08/15/27 

150,000

138,959

1.900%

due

08/15/40 

150,000

107,189

1.998%

due

08/15/26 

200,000

193,959

2.250%

due

08/15/60 

150,000

92,675

Amazon.com,

Inc.

1.000%

due

05/12/26 

100,000

95,655

1.500%

due

06/03/30 

85,000

74,395

1.650%

due

05/12/28 

100,000

92,649

2.100%

due

05/12/31 

100,000

88,560

2.500%

due

06/03/50 

40,000

26,459

208

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

2.875%

due

05/12/41 

$

100,000

$

79,662

3.100%

due

05/12/51 

100,000

74,350

3.250%

due

05/12/61 

100,000

72,550

3.300%

due

04/13/27 

150,000

148,109

3.600%

due

04/13/32 

200,000

193,359

3.875%

due

08/22/37 

195,000

183,474

3.950%

due

04/13/52 

150,000

130,560

4.050%

due

08/22/47 

70,000

63,047

4.100%

due

04/13/62 

100,000

86,414

4.250%

due

08/22/57 

100,000

90,595

4.550%

due

12/01/27 

100,000

102,108

4.600%

due

12/01/25 

100,000

100,708

4.700%

due

12/01/32 

100,000

103,992

5.200%

due

12/03/25 

50,000

50,590

America

Movil

SAB

de

CV

(Mexico) 

2.875%

due

05/07/30 

200,000

184,757

6.375%

due

03/01/35 

125,000

140,306

AT&T,

Inc.

1.650%

due

02/01/28 

300,000

276,625

2.250%

due

02/01/32 

165,000

141,673

2.750%

due

06/01/31 

100,000

90,442

3.500%

due

06/01/41 

200,000

163,778

3.500%

due

09/15/53 

247,000

181,610

3.550%

due

09/15/55 

433,000

316,995

3.650%

due

06/01/51 

350,000

268,597

3.650%

due

09/15/59 

221,000

160,484

3.800%

due

12/01/57 

200,000

151,552

3.850%

due

06/01/60 

45,000

34,101

4.250%

due

03/01/27 

100,000

100,314

4.300%

due

12/15/42 

393,000

350,480

4.350%

due

03/01/29 

150,000

150,945

4.350%

due

06/15/45 

177,000

156,447

4.500%

due

05/15/35 

90,000

87,676

4.550%

due

03/09/49 

100,000

90,315

4.850%

due

03/01/39 

70,000

68,637

5.350%

due

09/01/40 

161,000

163,363

5.400%

due

02/15/34 

150,000

157,452

Baidu,

Inc.

(China) 

1.625%

due

02/23/27 

200,000

188,555

2.375%

due

08/23/31 

200,000

174,497

Bell

Telephone

Co.

of

Canada

or

Bell

Canada

(Canada) 

2.150%

due

02/15/32 

40,000

33,944

3.200%

due

02/15/52 

20,000

14,120

3.650%

due

08/15/52 

70,000

54,021

4.464%

due

04/01/48 

65,000

57,685

5.200%

due

02/15/34 

100,000

102,881

Booking

Holdings,

Inc.

3.600%

due

06/01/26 

50,000

49,697

4.625%

due

04/13/30 

200,000

204,795

British

Telecommunications

PLC

(United

Kingdom) 

5.125%

due

12/04/28 

200,000

205,573

9.625%

due

12/15/30 

50,000

63,156

Charter

Communications

Operating

LLC/

Charter

Communications

Operating

Capital

3.500%

due

06/01/41 

60,000

42,176

3.750%

due

02/15/28 

100,000

96,005

3.900%

due

06/01/52 

175,000

114,819

4.200%

due

03/15/28 

200,000

194,491

4.400%

due

12/01/61 

100,000

68,071

4.800%

due

03/01/50 

350,000

268,124

a

Principal

Amount

Value

5.125%

due

07/01/49 

$

100,000

$

80,410

5.375%

due

05/01/47 

50,000

42,007

6.150%

due

11/10/26 

120,000

123,371

6.384%

due

10/23/35 

70,000

71,506

6.484%

due

10/23/45 

165,000

159,264

6.650%

due

02/01/34 

250,000

261,797

6.834%

due

10/23/55 

50,000

49,965

Cisco

Systems,

Inc.

2.950%

due

02/28/26 

50,000

49,357

4.800%

due

02/26/27 

125,000

127,760

4.850%

due

02/26/29 

100,000

103,453

4.900%

due

02/26/26 

250,000

253,598

5.050%

due

02/26/34 

200,000

210,117

Comcast

Corp.

1.950%

due

01/15/31 

140,000

121,596

2.350%

due

01/15/27 

40,000

38,567

2.450%

due

08/15/52 

100,000

61,054

2.800%

due

01/15/51 

55,000

36,534

2.887%

due

11/01/51 

350,000

235,410

2.987%

due

11/01/63 

101,000

64,166

3.300%

due

02/01/27 

100,000

98,457

3.400%

due

07/15/46 

55,000

42,591

3.750%

due

04/01/40 

155,000

134,256

3.999%

due

11/01/49 

211,000

176,360

4.000%

due

08/15/47 

100,000

84,219

4.049%

due

11/01/52 

97,000

80,695

4.150%

due

10/15/28 

95,000

95,175

4.250%

due

10/15/30 

420,000

419,402

4.400%

due

08/15/35 

77,000

75,097

4.600%

due

10/15/38 

85,000

82,661

4.750%

due

03/01/44 

300,000

286,209

4.800%

due

05/15/33 

200,000

204,018

4.950%

due

10/15/58 

80,000

76,990

5.300%

due

06/01/34 

150,000

158,080

5.350%

due

11/15/27 

65,000

67,633

5.500%

due

05/15/64 

200,000

206,966

5.650%

due

06/01/54 

85,000

90,841

Corning,

Inc.

4.375%

due

11/15/57 

100,000

85,207

4.700%

due

03/15/37 

50,000

48,971

5.350%

due

11/15/48 

100,000

100,803

Deutsche

Telekom

International

Finance

BV

(Germany) 

8.750%

due

06/15/30 

185,000

223,448

Discovery

Communications

LLC

3.625%

due

05/15/30 

250,000

225,300

3.950%

due

03/20/28 

60,000

57,160

eBay,

Inc.

2.700%

due

03/11/30 

100,000

92,236

3.600%

due

06/05/27 

50,000

49,450

5.900%

due

11/22/25 

70,000

71,046

Expedia

Group,

Inc.

3.800%

due

02/15/28 

250,000

245,370

Fox

Corp.

5.576%

due

01/25/49 

200,000

197,221

Interpublic

Group

of

Cos.,

Inc.

2.400%

due

03/01/31 

100,000

87,689

3.375%

due

03/01/41 

70,000

54,494

JD.com,

Inc.

(China) 

4.125%

due

01/14/50 

200,000

171,238

Juniper

Networks,

Inc.

3.750%

due

08/15/29 

100,000

96,472

209

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Meta

Platforms,

Inc.

3.500%

due

08/15/27 

$

200,000

$

198,413

4.600%

due

05/15/28 

200,000

205,192

4.750%

due

08/15/34 

135,000

137,847

4.950%

due

05/15/33 

100,000

105,013

5.400%

due

08/15/54 

85,000

89,118

5.750%

due

05/15/63 

100,000

109,702

Motorola

Solutions,

Inc.

2.750%

due

05/24/31 

100,000

89,524

4.600%

due

02/23/28 

100,000

101,068

Netflix,

Inc.

4.900%

due

08/15/34 

40,000

41,390

5.875%

due

11/15/28 

250,000

266,504

Omnicom

Group,

Inc.

2.600%

due

08/01/31 

100,000

88,714

5.300%

due

11/01/34 

100,000

104,097

Omnicom

Group,

Inc./Omnicom

Capital,

Inc.

3.600%

due

04/15/26 

50,000

49,430

Orange

SA

(France) 

5.375%

due

01/13/42 

150,000

152,073

9.000%

due

03/01/31 

50,000

61,881

Paramount

Global

2.900%

due

01/15/27 

27,000

25,843

3.375%

due

02/15/28 

55,000

51,809

4.200%

due

05/19/32 

300,000

266,114

4.375%

due

03/15/43 

70,000

51,820

5.900%

due

10/15/40 

50,000

44,401

6.875%

due

04/30/36 

100,000

101,369

7.875%

due

07/30/30 

100,000

109,257

Rogers

Communications,

Inc.

(Canada) 

3.200%

due

03/15/27 

65,000

63,323

3.800%

due

03/15/32 

65,000

60,344

4.300%

due

02/15/48 

85,000

71,412

4.350%

due

05/01/49 

75,000

63,406

4.500%

due

03/15/43 

25,000

22,203

4.550%

due

03/15/52 

100,000

86,672

5.000%

due

02/15/29 

190,000

193,950

5.000%

due

03/15/44 

100,000

95,017

Sprint

LLC

7.625%

due

03/01/26 

300,000

310,113

T-Mobile

USA,

Inc.

2.250%

due

11/15/31 

50,000

43,157

2.400%

due

03/15/29 

25,000

23,035

2.700%

due

03/15/32 

55,000

48,527

3.000%

due

02/15/41 

20,000

15,369

3.300%

due

02/15/51 

50,000

36,326

3.400%

due

10/15/52 

150,000

109,886

3.600%

due

11/15/60 

220,000

160,068

3.750%

due

04/15/27 

500,000

494,074

3.875%

due

04/15/30 

300,000

291,819

4.500%

due

04/15/50 

200,000

178,019

4.800%

due

07/15/28 

200,000

203,861

4.950%

due

03/15/28 

60,000

61,388

5.050%

due

07/15/33 

160,000

164,073

5.150%

due

04/15/34 

50,000

51,528

5.200%

due

01/15/33 

130,000

134,758

5.650%

due

01/15/53 

65,000

68,407

5.800%

due

09/15/62 

95,000

100,914

Telefonica

Emisiones

SA

(Spain) 

5.213%

due

03/08/47 

150,000

142,381

7.045%

due

06/20/36 

150,000

172,892

Telefonica

Europe

BV

(Spain) 

8.250%

due

09/15/30 

250,000

294,353

a

Principal

Amount

Value

TELUS

Corp.

(Canada) 

3.400%

due

05/13/32 

$

50,000

$

45,823

4.600%

due

11/16/48 

100,000

88,246

Thomson

Reuters

Corp.

(Canada) 

5.650%

due

11/23/43 

150,000

155,106

5.850%

due

04/15/40 

25,000

26,764

Time

Warner

Cable

LLC

5.875%

due

11/15/40 

150,000

136,093

6.550%

due

05/01/37 

100,000

99,023

6.750%

due

06/15/39 

50,000

50,096

7.300%

due

07/01/38 

150,000

157,646

VeriSign,

Inc.

2.700%

due

06/15/31 

80,000

69,987

Verizon

Communications,

Inc.

0.850%

due

11/20/25 

100,000

96,117

1.450%

due

03/20/26 

40,000

38,379

1.500%

due

09/18/30 

90,000

77,243

1.750%

due

01/20/31 

100,000

85,334

2.100%

due

03/22/28 

60,000

55,995

2.355%

due

03/15/32 

500,000

430,920

2.550%

due

03/21/31 

140,000

125,055

2.650%

due

11/20/40 

450,000

331,770

2.850%

due

09/03/41 

45,000

33,866

2.875%

due

11/20/50 

100,000

67,886

2.987%

due

10/30/56 

383,000

251,436

3.000%

due

11/20/60 

90,000

58,146

3.400%

due

03/22/41 

580,000

473,962

3.550%

due

03/22/51 

55,000

42,624

3.700%

due

03/22/61 

45,000

34,090

4.000%

due

03/22/50 

250,000

208,485

4.272%

due

01/15/36 

57,000

54,497

4.329%

due

09/21/28 

250,000

251,416

5.500%

due

02/23/54 

90,000

94,418

Vodafone

Group

PLC

(United

Kingdom) 

5.125%

due

06/19/59 

100,000

93,204

5.750%

due

06/28/54 

300,000

310,797

6.150%

due

02/27/37 

150,000

165,372

7.875%

due

02/15/30 

5,000

5,850

Walt

Disney

Co.

1.750%

due

01/13/26 

70,000

68,039

2.000%

due

09/01/29 

35,000

31,829

2.650%

due

01/13/31 

310,000

283,062

2.750%

due

09/01/49 

45,000

30,678

3.375%

due

11/15/26 

200,000

197,551

3.600%

due

01/13/51 

200,000

159,975

4.700%

due

03/23/50 

250,000

242,842

5.400%

due

10/01/43 

100,000

105,015

6.400%

due

12/15/35 

39,000

44,816

6.650%

due

11/15/37 

150,000

177,333

Weibo

Corp.

(China) 

3.375%

due

07/08/30 

200,000

183,831

26,497,253

Consumer,

Cyclical

-

1.6%

American

Airlines

Pass-Through

Trust

Class AA

3.200%

due

12/15/29 

97,800

92,796

American

Honda

Finance

Corp.

2.000%

due

03/24/28 

45,000

41,897

2.250%

due

01/12/29 

150,000

138,767

4.900%

due

03/12/27 

100,000

101,994

4.900%

due

03/13/29 

100,000

102,633

5.050%

due

07/10/31 

350,000

360,415

210

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Aptiv

PLC

3.100%

due

12/01/51 

$

200,000

$

127,252

4.400%

due

10/01/46 

100,000

82,399

AutoNation,

Inc.

4.500%

due

10/01/25 

100,000

99,623

AutoZone,

Inc.

1.650%

due

01/15/31 

85,000

71,769

3.750%

due

06/01/27 

100,000

98,867

4.750%

due

02/01/33 

65,000

65,083

5.400%

due

07/15/34 

180,000

186,843

Best

Buy

Co.,

Inc.

4.450%

due

10/01/28 

50,000

50,220

BorgWarner,

Inc.

2.650%

due

07/01/27 

25,000

24,026

Brunswick

Corp.

5.850%

due

03/18/29 

70,000

72,289

Choice

Hotels

International,

Inc.

3.700%

due

12/01/29 

25,000

23,743

5.850%

due

08/01/34 

65,000

67,061

Costco

Wholesale

Corp.

1.375%

due

06/20/27 

200,000

187,635

1.750%

due

04/20/32 

200,000

170,428

Cummins,

Inc.

1.500%

due

09/01/30 

100,000

86,606

2.600%

due

09/01/50 

100,000

65,171

Darden

Restaurants,

Inc.

3.850%

due

05/01/27 

130,000

128,609

Delta

Air

Lines

Pass-Through

Trust

Class AA

2.000%

due

12/10/29 

38,041

35,588

Dollar

General

Corp.

3.875%

due

04/15/27 

50,000

49,352

4.150%

due

11/01/25 

25,000

24,847

5.200%

due

07/05/28 

140,000

143,049

Dollar

Tree,

Inc.

2.650%

due

12/01/31 

100,000

86,055

4.200%

due

05/15/28 

45,000

44,450

DR

Horton,

Inc.

1.300%

due

10/15/26 

85,000

80,440

Ford

Motor

Credit

Co.

LLC

5.125%

due

11/05/26 

200,000

201,041

5.303%

due

09/06/29 

200,000

199,163

5.800%

due

03/05/27 

200,000

203,695

5.800%

due

03/08/29 

250,000

254,205

6.050%

due

03/05/31 

200,000

205,368

6.798%

due

11/07/28 

200,000

211,238

7.122%

due

11/07/33 

230,000

248,736

General

Motors

Co.

4.200%

due

10/01/27 

50,000

49,585

5.400%

due

10/15/29 

250,000

256,391

5.400%

due

04/01/48 

50,000

46,002

6.125%

due

10/01/25 

250,000

252,451

6.250%

due

10/02/43 

100,000

102,677

6.750%

due

04/01/46 

25,000

27,230

General

Motors

Financial

Co.,

Inc.

1.250%

due

01/08/26 

500,000

479,929

2.700%

due

06/10/31 

100,000

86,223

4.000%

due

10/06/26 

50,000

49,612

4.300%

due

04/06/29 

100,000

97,924

4.900%

due

10/06/29 

100,000

100,144

5.000%

due

04/09/27 

60,000

60,674

5.400%

due

04/06/26 

75,000

75,939

5.550%

due

07/15/29 

45,000

46,422

a

Principal

Amount

Value

5.600%

due

06/18/31 

$

65,000

$

66,775

5.800%

due

06/23/28 

250,000

259,474

5.950%

due

04/04/34 

45,000

46,590

Hasbro,

Inc.

3.500%

due

09/15/27 

30,000

29,226

3.900%

due

11/19/29 

100,000

96,482

Home

Depot,

Inc.

1.375%

due

03/15/31 

300,000

252,689

2.125%

due

09/15/26 

100,000

96,718

2.375%

due

03/15/51 

200,000

125,654

2.700%

due

04/15/30 

300,000

279,171

3.000%

due

04/01/26 

25,000

24,658

3.250%

due

04/15/32 

65,000

60,845

3.500%

due

09/15/56 

55,000

42,367

3.625%

due

04/15/52 

250,000

201,319

3.900%

due

12/06/28 

40,000

39,906

4.200%

due

04/01/43 

300,000

274,226

4.500%

due

12/06/48 

100,000

93,586

4.750%

due

06/25/29 

70,000

72,175

4.875%

due

06/25/27 

50,000

51,309

4.950%

due

06/25/34 

55,000

57,201

5.300%

due

06/25/54 

30,000

31,553

5.875%

due

12/16/36 

75,000

83,897

Hyatt

Hotels

Corp.

4.850%

due

03/15/26 

25,000

25,062

5.750%

due

01/30/27 

95,000

97,353

JetBlue

Pass-Through

Trust

Class A

4.000%

due

05/15/34 

11,565

11,125

Las

Vegas

Sands

Corp.

3.500%

due

08/18/26 

500,000

489,759

Lear

Corp.

2.600%

due

01/15/32 

100,000

85,340

3.550%

due

01/15/52 

100,000

70,300

LKQ

Corp.

5.750%

due

06/15/28 

300,000

311,459

Lowe's

Cos.,

Inc.

1.300%

due

04/15/28 

20,000

18,159

1.700%

due

09/15/28 

25,000

22,783

1.700%

due

10/15/30 

20,000

17,213

2.625%

due

04/01/31 

100,000

89,923

2.800%

due

09/15/41 

50,000

36,736

3.000%

due

10/15/50 

15,000

10,207

3.500%

due

04/01/51 

50,000

37,001

3.650%

due

04/05/29 

35,000

34,167

3.700%

due

04/15/46 

250,000

198,984

3.750%

due

04/01/32 

200,000

190,916

4.250%

due

04/01/52 

50,000

42,376

4.450%

due

04/01/62 

250,000

211,982

4.500%

due

04/15/30 

250,000

253,289

Magna

International,

Inc.

(Canada) 

4.150%

due

10/01/25 

25,000

24,925

5.980%

due

03/21/26 

200,000

200,065

Marriott

International,

Inc.

2.750%

due

10/15/33 

150,000

128,211

3.125%

due

06/15/26 

200,000

196,259

3.500%

due

10/15/32 

40,000

36,626

McDonald's

Corp.

3.500%

due

03/01/27 

50,000

49,406

3.500%

due

07/01/27 

300,000

295,891

3.600%

due

07/01/30 

100,000

97,094

3.700%

due

02/15/42 

200,000

168,387

3.800%

due

04/01/28 

25,000

24,779

4.200%

due

04/01/50 

150,000

129,833

211

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

4.450%

due

09/01/48 

$

10,000

$

9,106

4.875%

due

07/15/40 

10,000

9,933

4.950%

due

08/14/33 

250,000

259,982

Mercedes-Benz

Finance

North

America

LLC

(Germany) 

8.500%

due

01/18/31 

50,000

60,616

NIKE,

Inc.

2.850%

due

03/27/30 

350,000

329,771

3.375%

due

11/01/46 

200,000

160,049

3.625%

due

05/01/43 

25,000

21,360

O'Reilly

Automotive,

Inc.

4.350%

due

06/01/28 

100,000

100,361

4.700%

due

06/15/32 

50,000

50,420

5.750%

due

11/20/26 

100,000

103,124

PACCAR

Financial

Corp.

1.100%

due

05/11/26 

70,000

66,881

2.000%

due

02/04/27 

70,000

66,963

4.000%

due

09/26/29 

100,000

99,782

Ross

Stores,

Inc.

0.875%

due

04/15/26 

100,000

94,915

1.875%

due

04/15/31 

100,000

85,261

Sands

China

Ltd.

(Macau) 

2.300%

due

03/08/27 

350,000

327,892

Starbucks

Corp.

2.450%

due

06/15/26 

50,000

48,678

3.500%

due

03/01/28 

100,000

98,277

3.500%

due

11/15/50 

200,000

152,549

3.550%

due

08/15/29 

100,000

97,557

3.750%

due

12/01/47 

35,000

28,048

4.300%

due

06/15/45 

35,000

30,865

4.450%

due

08/15/49 

100,000

88,820

4.800%

due

02/15/33 

70,000

71,791

5.000%

due

02/15/34 

100,000

103,002

Tapestry,

Inc.

4.125%

due

07/15/27 

23,000

22,649

7.850%

due

11/27/33 

110,000

119,319

Target

Corp.

1.950%

due

01/15/27 

250,000

240,183

2.950%

due

01/15/52 

200,000

141,888

3.375%

due

04/15/29 

100,000

97,729

4.800%

due

01/15/53 

35,000

34,461

Toyota

Motor

Corp.

(Japan) 

5.118%

due

07/13/28 

250,000

260,539

Toyota

Motor

Credit

Corp.

0.800%

due

10/16/25 

50,000

48,285

1.125%

due

06/18/26 

200,000

190,780

1.150%

due

08/13/27 

120,000

111,020

1.900%

due

04/06/28 

100,000

93,196

2.150%

due

02/13/30 

100,000

90,288

3.050%

due

03/22/27 

200,000

196,115

3.200%

due

01/11/27 

100,000

98,398

4.550%

due

08/09/29 

45,000

45,737

4.700%

due

01/12/33 

300,000

306,426

United

Airlines

Pass-Through

Trust

Class A

4.000%

due

10/11/27 

54,397

53,606

5.875%

due

04/15/29 

45,265

46,239

United

Airlines

Pass-Through

Trust

Class AA

2.700%

due

11/01/33 

201,986

180,766

2.875%

due

04/07/30 

99,966

93,677

3.100%

due

01/07/30 

31,532

29,940

Walmart,

Inc.

1.050%

due

09/17/26 

150,000

142,521

a

Principal

Amount

Value

1.800%

due

09/22/31 

$

300,000

$

261,008

2.500%

due

09/22/41 

250,000

187,479

2.650%

due

09/22/51 

200,000

137,604

3.050%

due

07/08/26 

65,000

64,297

3.250%

due

07/08/29 

80,000

78,734

4.500%

due

04/15/53 

200,000

193,131

Warnermedia

Holdings,

Inc.

4.279%

due

03/15/32 

300,000

266,598

5.050%

due

03/15/42 

300,000

245,048

5.141%

due

03/15/52 

400,000

308,756

Whirlpool

Corp.

2.400%

due

05/15/31 

5,000

4,303

4.600%

due

05/15/50 

50,000

42,000

4.700%

due

05/14/32 

30,000

29,740

4.750%

due

02/26/29 

60,000

60,615

WW

Grainger,

Inc.

3.750%

due

05/15/46 

50,000

41,834

4.450%

due

09/15/34 

145,000

144,886

4.600%

due

06/15/45 

20,000

18,967

19,350,752

Consumer,

Non-Cyclical

-

4.5%

Abbott

Laboratories

3.750%

due

11/30/26 

227,000

226,904

4.750%

due

11/30/36 

100,000

102,645

4.900%

due

11/30/46 

100,000

101,889

6.150%

due

11/30/37 

25,000

28,932

AbbVie,

Inc.

2.950%

due

11/21/26 

455,000

445,549

3.200%

due

05/14/26 

100,000

98,755

3.200%

due

11/21/29 

175,000

167,398

4.050%

due

11/21/39 

70,000

64,696

4.250%

due

11/21/49 

300,000

268,918

4.300%

due

05/14/36 

50,000

48,710

4.400%

due

11/06/42 

125,000

117,968

4.500%

due

05/14/35 

160,000

159,555

4.625%

due

10/01/42 

100,000

96,161

4.700%

due

05/14/45 

50,000

48,415

4.750%

due

03/15/45 

330,000

321,303

4.800%

due

03/15/27 

95,000

96,856

4.950%

due

03/15/31 

40,000

41,603

5.050%

due

03/15/34 

100,000

104,490

5.350%

due

03/15/44 

15,000

15,835

5.400%

due

03/15/54 

65,000

68,977

5.500%

due

03/15/64 

35,000

37,402

Adventist

Health

System

3.630%

due

03/01/49 

15,000

11,303

Advocate

Health

&

Hospitals

Corp.

3.387%

due

10/15/49 

50,000

39,717

Aetna,

Inc.

3.875%

due

08/15/47 

30,000

23,445

4.125%

due

11/15/42 

100,000

83,162

Agilent

Technologies,

Inc.

2.300%

due

03/12/31 

100,000

87,747

4.750%

due

09/09/34 

100,000

99,873

Altria

Group,

Inc.

3.400%

due

05/06/30 

50,000

47,270

3.400%

due

02/04/41 

250,000

195,029

4.400%

due

02/14/26 

13,000

12,988

4.450%

due

05/06/50 

75,000

62,912

4.500%

due

05/02/43 

100,000

88,574

4.800%

due

02/14/29 

300,000

303,831

5.800%

due

02/14/39 

65,000

68,370

5.950%

due

02/14/49 

75,000

78,751

212

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Amgen,

Inc.

2.200%

due

02/21/27 

$

35,000

$

33,519

2.300%

due

02/25/31 

200,000

177,211

2.450%

due

02/21/30 

50,000

45,683

2.770%

due

09/01/53 

311,000

202,405

3.200%

due

11/02/27 

50,000

48,712

3.350%

due

02/22/32 

145,000

135,191

3.375%

due

02/21/50 

250,000

190,629

4.200%

due

03/01/33 

200,000

194,365

4.400%

due

05/01/45 

100,000

89,820

5.150%

due

11/15/41 

174,000

174,537

5.250%

due

03/02/30 

100,000

104,370

5.507%

due

03/02/26 

40,000

40,014

5.600%

due

03/02/43 

45,000

47,303

5.650%

due

03/02/53 

480,000

505,287

Anheuser-Busch

Cos.

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

(Belgium) 

4.900%

due

02/01/46 

450,000

443,533

Anheuser-Busch

InBev

Finance,

Inc.

(Belgium) 

4.625%

due

02/01/44 

300,000

287,562

Anheuser-Busch

InBev

Worldwide,

Inc.

(Belgium) 

3.500%

due

06/01/30 

350,000

339,846

4.000%

due

04/13/28 

80,000

80,209

4.375%

due

04/15/38 

35,000

33,775

4.439%

due

10/06/48 

200,000

185,270

4.600%

due

04/15/48 

50,000

47,565

4.750%

due

01/23/29 

55,000

56,450

4.900%

due

01/23/31 

65,000

67,636

5.450%

due

01/23/39 

65,000

69,616

5.550%

due

01/23/49 

100,000

107,873

5.800%

due

01/23/59 

145,000

163,501

Archer-Daniels-Midland

Co.

2.700%

due

09/15/51 

250,000

167,040

2.900%

due

03/01/32 

45,000

40,807

4.500%

due

08/15/33 

200,000

201,057

Ascension

Health

3.945%

due

11/15/46 

70,000

61,087

Astrazeneca

Finance

LLC

(United

Kingdom) 

1.200%

due

05/28/26 

35,000

33,506

2.250%

due

05/28/31 

20,000

17,744

4.875%

due

03/03/28 

150,000

154,170

AstraZeneca

PLC

(United

Kingdom) 

1.375%

due

08/06/30 

300,000

258,050

3.000%

due

05/28/51 

15,000

10,951

3.125%

due

06/12/27 

100,000

98,016

3.375%

due

11/16/25 

100,000

99,234

4.000%

due

09/18/42 

25,000

22,463

4.375%

due

11/16/45 

25,000

23,403

6.450%

due

09/15/37 

100,000

116,981

Automatic

Data

Processing,

Inc.

1.250%

due

09/01/30 

40,000

34,309

1.700%

due

05/15/28 

40,000

37,151

Avery

Dennison

Corp.

2.650%

due

04/30/30 

30,000

27,394

5.750%

due

03/15/33 

100,000

107,250

Banner

Health

1.897%

due

01/01/31 

40,000

34,704

2.913%

due

01/01/51 

50,000

35,621

BAT

Capital

Corp.

(United

Kingdom) 

2.259%

due

03/25/28 

325,000

302,489

2.726%

due

03/25/31 

250,000

223,642

a

Principal

Amount

Value

3.215%

due

09/06/26 

$

50,000

$

48,961

3.462%

due

09/06/29 

50,000

47,647

3.557%

due

08/15/27 

100,000

97,982

4.390%

due

08/15/37 

70,000

63,702

4.700%

due

04/02/27 

200,000

201,836

4.758%

due

09/06/49 

50,000

43,180

BAT

International

Finance

PLC

(United

Kingdom) 

1.668%

due

03/25/26 

25,000

24,029

Baxalta,

Inc.

5.250%

due

06/23/45 

9,000

9,016

Baxter

International,

Inc.

1.915%

due

02/01/27 

100,000

94,707

2.539%

due

02/01/32 

100,000

86,759

3.950%

due

04/01/30 

150,000

146,678

Baylor

Scott

&

White

Holdings

2.839%

due

11/15/50 

200,000

140,840

Becton

Dickinson

&

Co.

2.823%

due

05/20/30 

70,000

64,614

3.794%

due

05/20/50 

350,000

283,682

4.669%

due

06/06/47 

50,000

46,509

Biogen,

Inc.

2.250%

due

05/01/30 

55,000

49,137

3.150%

due

05/01/50 

190,000

131,453

Boston

Scientific

Corp.

4.550%

due

03/01/39 

50,000

48,997

4.700%

due

03/01/49 

70,000

66,726

Bristol-Myers

Squibb

Co.

0.750%

due

11/13/25 

50,000

48,181

1.125%

due

11/13/27 

50,000

45,944

1.450%

due

11/13/30 

280,000

239,858

2.350%

due

11/13/40 

20,000

14,322

2.550%

due

11/13/50 

30,000

19,131

2.950%

due

03/15/32 

50,000

45,592

3.200%

due

06/15/26 

50,000

49,364

3.250%

due

08/01/42 

100,000

79,846

3.400%

due

07/26/29 

118,000

114,735

3.700%

due

03/15/52 

70,000

55,658

3.900%

due

02/20/28 

100,000

99,633

3.900%

due

03/15/62 

250,000

198,447

4.125%

due

06/15/39 

35,000

32,397

4.250%

due

10/26/49 

365,000

320,759

4.350%

due

11/15/47 

50,000

44,793

4.900%

due

02/22/27 

85,000

86,835

4.900%

due

02/22/29 

115,000

118,904

5.200%

due

02/22/34 

95,000

100,221

5.500%

due

02/22/44 

20,000

21,204

5.550%

due

02/22/54 

70,000

74,212

5.650%

due

02/22/64 

105,000

111,361

Brown-Forman

Corp.

4.500%

due

07/15/45 

40,000

38,136

Bunge

Ltd.

Finance

Corp.

2.750%

due

05/14/31 

100,000

90,262

3.250%

due

08/15/26 

20,000

19,688

3.750%

due

09/25/27 

30,000

29,675

California

Institute

of

Technology

3.650%

due

09/01/19 

20,000

14,357

Campbell

Soup

Co.

due

03/23/35 #

165,000

164,383

4.150%

due

03/15/28 

100,000

100,095

4.800%

due

03/15/48 

20,000

18,704

Cardinal

Health,

Inc.

3.410%

due

06/15/27 

100,000

98,007

213

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

4.368%

due

06/15/47 

$

50,000

$

43,458

4.900%

due

09/15/45 

50,000

46,866

Cencora,

Inc.

3.450%

due

12/15/27 

50,000

48,910

5.125%

due

02/15/34 

145,000

149,379

Centene

Corp.

2.500%

due

03/01/31 

100,000

86,038

3.000%

due

10/15/30 

200,000

179,190

4.625%

due

12/15/29 

200,000

195,853

Children's

Hospital

of

Philadelphia

2.704%

due

07/01/50 

250,000

172,405

Church

&

Dwight

Co.,

Inc.

2.300%

due

12/15/31 

40,000

34,972

5.000%

due

06/15/52 

100,000

98,199

Cigna

Group

1.250%

due

03/15/26 

65,000

62,199

2.375%

due

03/15/31 

60,000

52,927

2.400%

due

03/15/30 

120,000

108,696

3.050%

due

10/15/27 

30,000

29,102

3.200%

due

03/15/40 

85,000

67,201

3.400%

due

03/15/50 

65,000

47,798

3.400%

due

03/15/51 

40,000

29,257

3.875%

due

10/15/47 

50,000

40,410

4.125%

due

11/15/25 

45,000

44,872

4.375%

due

10/15/28 

80,000

80,331

4.800%

due

08/15/38 

60,000

58,488

4.900%

due

12/15/48 

555,000

523,044

Cintas

Corp.

No.

2

3.700%

due

04/01/27 

50,000

49,670

Coca-Cola

Co.

1.375%

due

03/15/31 

200,000

169,752

1.500%

due

03/05/28 

60,000

55,558

2.000%

due

03/05/31 

65,000

57,523

2.125%

due

09/06/29 

100,000

92,223

2.250%

due

01/05/32 

100,000

88,959

2.875%

due

05/05/41 

100,000

79,075

3.000%

due

03/05/51 

415,000

304,864

4.650%

due

08/14/34 

140,000

143,434

Colgate-Palmolive

Co.

3.100%

due

08/15/27 

50,000

49,267

3.700%

due

08/01/47 

100,000

86,024

4.800%

due

03/02/26 

60,000

60,790

CommonSpirit

Health

4.350%

due

11/01/42 

150,000

134,230

6.073%

due

11/01/27 

80,000

84,069

Conagra

Brands,

Inc.

4.600%

due

11/01/25 

35,000

35,010

4.850%

due

11/01/28 

45,000

45,722

5.300%

due

10/01/26 

120,000

122,341

5.300%

due

11/01/38 

50,000

50,223

5.400%

due

11/01/48 

40,000

39,616

Conopco,

Inc.

7.250%

due

12/15/26 

200,000

213,571

Constellation

Brands,

Inc.

2.250%

due

08/01/31 

160,000

138,375

3.500%

due

05/09/27 

15,000

14,740

4.350%

due

05/09/27 

150,000

150,452

4.400%

due

11/15/25 

35,000

34,973

4.650%

due

11/15/28 

30,000

30,399

4.800%

due

01/15/29 

50,000

50,936

5.250%

due

11/15/48 

30,000

29,978

CVS

Health

Corp.

1.300%

due

08/21/27 

335,000

307,847

a

Principal

Amount

Value

1.750%

due

08/21/30 

$

200,000

$

170,388

2.700%

due

08/21/40 

65,000

46,184

2.875%

due

06/01/26 

100,000

97,621

3.000%

due

08/15/26 

35,000

34,213

3.250%

due

08/15/29 

65,000

61,423

3.750%

due

04/01/30 

100,000

95,850

4.125%

due

04/01/40 

300,000

257,097

4.250%

due

04/01/50 

200,000

161,593

4.300%

due

03/25/28 

72,000

71,820

4.780%

due

03/25/38 

95,000

89,677

5.125%

due

07/20/45 

105,000

97,889

5.300%

due

06/01/33 

80,000

81,781

5.300%

due

12/05/43 

200,000

192,855

5.700%

due

06/01/34 

250,000

260,906

5.875%

due

06/01/53 

200,000

203,669

Danaher

Corp.

2.600%

due

10/01/50 

125,000

83,058

2.800%

due

12/10/51 

100,000

68,612

4.375%

due

09/15/45 

30,000

27,889

Diageo

Capital

PLC

(United

Kingdom) 

2.000%

due

04/29/30 

350,000

312,060

3.875%

due

04/29/43 

100,000

87,789

Dignity

Health

5.267%

due

11/01/64 

100,000

98,943

Elevance

Health,

Inc.

2.550%

due

03/15/31 

100,000

89,541

3.600%

due

03/15/51 

30,000

23,153

3.650%

due

12/01/27 

30,000

29,584

4.375%

due

12/01/47 

30,000

26,579

4.625%

due

05/15/42 

100,000

93,768

4.650%

due

01/15/43 

50,000

47,046

4.750%

due

02/15/33 

100,000

101,183

5.125%

due

02/15/53 

500,000

490,982

5.500%

due

10/15/32 

200,000

212,629

Eli

Lilly

&

Co.

2.250%

due

05/15/50 

200,000

126,080

3.375%

due

03/15/29 

27,000

26,406

4.150%

due

08/14/27 

70,000

70,667

4.600%

due

08/14/34 

70,000

71,126

4.700%

due

02/27/33 

125,000

128,639

4.950%

due

02/27/63 

250,000

250,311

5.050%

due

08/14/54 

50,000

51,276

Equifax,

Inc.

2.350%

due

09/15/31 

150,000

130,246

Estee

Lauder

Cos.,

Inc.

1.950%

due

03/15/31 

45,000

39,080

2.375%

due

12/01/29 

10,000

9,190

3.125%

due

12/01/49 

15,000

10,926

3.150%

due

03/15/27 

50,000

49,013

4.150%

due

03/15/47 

30,000

26,309

5.000%

due

02/14/34 

250,000

258,699

Flowers

Foods,

Inc.

2.400%

due

03/15/31 

45,000

39,418

GE

HealthCare

Technologies,

Inc.

4.800%

due

08/14/29 

95,000

96,819

5.857%

due

03/15/30 

200,000

214,163

General

Mills,

Inc.

2.250%

due

10/14/31 

50,000

43,621

3.000%

due

02/01/51 

60,000

41,770

3.200%

due

02/10/27 

100,000

97,845

4.200%

due

04/17/28 

50,000

50,065

4.950%

due

03/29/33 

70,000

71,827

5.241%

due

11/18/25 

30,000

30,009

214

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

George

Washington

University

4.300%

due

09/15/44 

$

50,000

$

46,065

Georgetown

University

2.943%

due

04/01/50 

25,000

17,887

Gilead

Sciences,

Inc.

1.200%

due

10/01/27 

45,000

41,495

1.650%

due

10/01/30 

40,000

34,548

2.600%

due

10/01/40 

450,000

337,012

2.800%

due

10/01/50 

100,000

68,087

2.950%

due

03/01/27 

100,000

97,534

3.650%

due

03/01/26 

100,000

99,228

4.150%

due

03/01/47 

75,000

65,758

4.600%

due

09/01/35 

45,000

45,131

4.750%

due

03/01/46 

50,000

47,882

5.250%

due

10/15/33 

155,000

163,541

GlaxoSmithKline

Capital

PLC

(United

Kingdom) 

3.375%

due

06/01/29 

250,000

242,921

GlaxoSmithKline

Capital,

Inc.

(United

Kingdom) 

6.375%

due

05/15/38 

100,000

116,368

Global

Payments,

Inc.

2.900%

due

05/15/30 

300,000

273,346

5.400%

due

08/15/32 

200,000

205,418

Hackensack

Meridian

Health,

Inc.

4.500%

due

07/01/57 

100,000

92,455

Haleon

U.S.

Capital

LLC

3.375%

due

03/24/27 

250,000

245,621

3.625%

due

03/24/32 

250,000

235,233

HCA,

Inc.

3.125%

due

03/15/27 

45,000

43,744

3.625%

due

03/15/32 

600,000

555,007

4.125%

due

06/15/29 

35,000

34,462

4.500%

due

02/15/27 

60,000

60,087

4.625%

due

03/15/52 

25,000

21,717

5.125%

due

06/15/39 

50,000

49,347

5.200%

due

06/01/28 

165,000

169,374

5.250%

due

06/15/26 

75,000

75,580

5.250%

due

06/15/49 

100,000

95,014

5.500%

due

06/15/47 

75,000

74,590

5.900%

due

06/01/53 

200,000

208,778

6.000%

due

04/01/54 

100,000

105,734

Hershey

Co.

2.300%

due

08/15/26 

50,000

48,537

4.250%

due

05/04/28 

140,000

142,142

Hormel

Foods

Corp.

1.700%

due

06/03/28 

35,000

32,257

3.050%

due

06/03/51 

25,000

17,889

Humana,

Inc.

3.700%

due

03/23/29 

85,000

82,743

4.625%

due

12/01/42 

100,000

89,773

5.375%

due

04/15/31 

110,000

113,977

5.700%

due

03/13/26 

75,000

75,037

5.750%

due

12/01/28 

200,000

210,462

Illumina,

Inc.

4.650%

due

09/09/26 

55,000

55,376

Ingredion,

Inc.

3.200%

due

10/01/26 

100,000

98,036

J.M.

Smucker

Co.

2.375%

due

03/15/30 

65,000

58,902

2.750%

due

09/15/41 

100,000

71,478

3.550%

due

03/15/50 

50,000

37,419

6.200%

due

11/15/33 

100,000

110,651

a

Principal

Amount

Value

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Co./JBS

Lux

Co.

SARL

5.750%

due

04/01/33 

$

364,000

$

377,361

Johns

Hopkins

Health

System

Corp.

3.837%

due

05/15/46 

50,000

42,900

Johns

Hopkins

University

4.705%

due

07/01/32 

30,000

30,810

Johnson

&

Johnson

1.300%

due

09/01/30 

70,000

60,872

2.100%

due

09/01/40 

65,000

47,286

2.250%

due

09/01/50 

100,000

64,757

2.450%

due

03/01/26 

50,000

49,052

3.400%

due

01/15/38 

50,000

44,906

3.500%

due

01/15/48 

65,000

54,180

3.550%

due

03/01/36 

25,000

23,402

3.625%

due

03/03/37 

132,000

122,629

3.700%

due

03/01/46 

25,000

21,830

3.750%

due

03/03/47 

50,000

43,488

4.850%

due

05/15/41 

50,000

51,913

4.950%

due

06/01/34 

105,000

111,485

5.950%

due

08/15/37 

100,000

115,554

Kaiser

Foundation

Hospitals

2.810%

due

06/01/41 

65,000

50,153

3.002%

due

06/01/51 

70,000

50,236

3.150%

due

05/01/27 

225,000

220,599

4.150%

due

05/01/47 

20,000

17,988

Kellanova

3.400%

due

11/15/27 

100,000

97,806

4.300%

due

05/15/28 

100,000

100,534

Kenvue,

Inc.

5.050%

due

03/22/28 

200,000

207,008

5.050%

due

03/22/53 

200,000

205,686

Keurig

Dr.

Pepper,

Inc.

2.550%

due

09/15/26 

50,000

48,560

3.430%

due

06/15/27 

35,000

34,338

3.950%

due

04/15/29 

250,000

247,134

4.420%

due

12/15/46 

250,000

225,133

5.300%

due

03/15/34 

100,000

104,651

Kimberly-Clark

Corp.

1.050%

due

09/15/27 

25,000

23,017

2.000%

due

11/02/31 

100,000

87,564

3.950%

due

11/01/28 

10,000

10,004

6.625%

due

08/01/37 

100,000

120,040

Kraft

Heinz

Foods

Co.

3.875%

due

05/15/27 

250,000

248,264

4.375%

due

06/01/46 

500,000

442,845

Kroger

Co.

3.500%

due

02/01/26 

50,000

49,411

3.950%

due

01/15/50 

100,000

80,738

4.600%

due

08/15/27 

35,000

35,307

4.650%

due

09/15/29 

55,000

55,318

4.650%

due

01/15/48 

100,000

90,530

5.000%

due

09/15/34 

45,000

45,393

5.150%

due

08/01/43 

25,000

24,402

5.500%

due

09/15/54 

35,000

35,250

5.650%

due

09/15/64 

35,000

35,213

Laboratory

Corp.

of

America

Holdings

1.550%

due

06/01/26 

70,000

66,874

2.700%

due

06/01/31 

100,000

89,362

3.600%

due

09/01/27 

100,000

98,145

4.700%

due

02/01/45 

50,000

45,981

Leland

Stanford

Junior

University

3.647%

due

05/01/48 

125,000

106,573

215

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Mass

General

Brigham,

Inc.

3.342%

due

07/01/60 

$

30,000

$

21,776

Massachusetts

Institute

of

Technology

3.067%

due

04/01/52 

100,000

75,451

5.600%

due

07/01/11 

100,000

112,959

Mayo

Clinic

3.196%

due

11/15/61 

100,000

72,084

McCormick

&

Co.,

Inc.

0.900%

due

02/15/26 

95,000

90,774

3.400%

due

08/15/27 

50,000

48,995

McKesson

Corp.

1.300%

due

08/15/26 

165,000

156,964

Mead

Johnson

Nutrition

Co.

(United

Kingdom) 

4.600%

due

06/01/44 

200,000

184,712

Medtronic

Global

Holdings

SCA

4.500%

due

03/30/33 

200,000

201,183

Medtronic,

Inc.

4.625%

due

03/15/45 

65,000

62,464

Memorial

Sloan-Kettering

Cancer

Center

2.955%

due

01/01/50 

55,000

39,932

Merck

&

Co.,

Inc.

0.750%

due

02/24/26 

350,000

335,128

1.700%

due

06/10/27 

50,000

47,387

2.150%

due

12/10/31 

50,000

43,832

3.600%

due

09/15/42 

300,000

253,991

4.050%

due

05/17/28 

250,000

252,195

4.150%

due

05/18/43 

100,000

91,381

4.500%

due

05/17/33 

120,000

122,009

5.000%

due

05/17/53 

100,000

100,849

Molson

Coors

Beverage

Co.

4.200%

due

07/15/46 

40,000

34,532

5.000%

due

05/01/42 

100,000

97,968

Mondelez

International,

Inc.

1.500%

due

02/04/31 

40,000

33,804

1.875%

due

10/15/32 

300,000

251,235

2.625%

due

09/04/50 

25,000

16,276

Moody's

Corp.

2.000%

due

08/19/31 

100,000

86,290

2.750%

due

08/19/41 

100,000

74,390

4.875%

due

12/17/48 

50,000

47,898

Mount

Sinai

Hospital

3.981%

due

07/01/48 

50,000

37,124

New

York

&

Presbyterian

Hospital

3.954%

due

08/01/19 

35,000

27,570

Northwell

Healthcare,

Inc.

3.809%

due

11/01/49 

100,000

79,782

Northwestern

University

3.662%

due

12/01/57 

25,000

20,587

Novartis

Capital

Corp.

(Switzerland) 

3.000%

due

11/20/25 

100,000

98,874

3.100%

due

05/17/27 

30,000

29,501

4.000%

due

11/20/45 

100,000

89,719

4.200%

due

09/18/34 

125,000

123,330

4.700%

due

09/18/54 

95,000

93,057

NYU

Langone

Hospitals

4.368%

due

07/01/47 

25,000

23,111

OhioHealth

Corp.

2.297%

due

11/15/31 

100,000

86,639

PayPal

Holdings,

Inc.

2.300%

due

06/01/30 

55,000

49,875

3.250%

due

06/01/50 

65,000

48,337

4.400%

due

06/01/32 

100,000

100,314

a

Principal

Amount

Value

5.050%

due

06/01/52 

$

100,000

$

99,831

PeaceHealth

Obligated

Group

1.375%

due

11/15/25 

15,000

14,445

PepsiCo,

Inc.

1.625%

due

05/01/30 

60,000

52,840

1.950%

due

10/21/31 

75,000

65,157

2.375%

due

10/06/26 

55,000

53,476

2.750%

due

03/19/30 

500,000

468,456

2.750%

due

10/21/51 

500,000

343,507

3.450%

due

10/06/46 

60,000

48,488

4.200%

due

07/18/52 

55,000

49,559

Pfizer

Investment

Enterprises

Pte.

Ltd.

4.450%

due

05/19/26 

195,000

196,302

4.450%

due

05/19/28 

250,000

253,764

4.750%

due

05/19/33 

265,000

270,207

5.110%

due

05/19/43 

300,000

305,653

5.300%

due

05/19/53 

180,000

186,383

5.340%

due

05/19/63 

200,000

205,622

Pfizer,

Inc.

1.750%

due

08/18/31 

100,000

85,852

2.550%

due

05/28/40 

25,000

18,748

2.625%

due

04/01/30 

250,000

231,985

2.700%

due

05/28/50 

25,000

17,339

3.000%

due

12/15/26 

100,000

98,118

3.600%

due

09/15/28 

100,000

99,066

3.900%

due

03/15/39 

25,000

22,825

4.100%

due

09/15/38 

50,000

46,985

4.200%

due

09/15/48 

35,000

31,110

Philip

Morris

International,

Inc.

0.875%

due

05/01/26 

100,000

95,079

1.750%

due

11/01/30 

100,000

86,357

4.250%

due

11/10/44 

30,000

26,512

4.500%

due

03/20/42 

200,000

184,871

4.875%

due

02/15/28 

100,000

102,257

5.125%

due

02/15/30 

100,000

103,767

5.250%

due

02/13/34 

500,000

519,445

5.375%

due

02/15/33 

100,000

104,622

6.375%

due

05/16/38 

100,000

114,332

Pilgrim's

Pride

Corp.

6.250%

due

07/01/33 

200,000

212,442

President

&

Fellows

of

Harvard

College

4.875%

due

10/15/40 

100,000

102,112

Procter

&

Gamble

Co.

0.550%

due

10/29/25 

50,000

48,236

1.000%

due

04/23/26 

250,000

239,570

1.200%

due

10/29/30 

50,000

42,783

3.000%

due

03/25/30 

300,000

287,465

3.950%

due

01/26/28 

100,000

100,646

Providence

St.

Joseph

Health

Obligated

Group

2.700%

due

10/01/51 

75,000

47,695

3.930%

due

10/01/48 

35,000

28,702

Quanta

Services,

Inc.

2.350%

due

01/15/32 

25,000

21,473

3.050%

due

10/01/41 

30,000

22,852

Quest

Diagnostics,

Inc.

2.800%

due

06/30/31 

70,000

63,146

2.950%

due

06/30/30 

55,000

51,029

RELX

Capital,

Inc.

(United

Kingdom) 

4.000%

due

03/18/29 

100,000

99,138

Revvity,

Inc.

2.550%

due

03/15/31 

85,000

74,458

3.300%

due

09/15/29 

30,000

28,341

216

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Reynolds

American,

Inc.

(United

Kingdom) 

6.150%

due

09/15/43 

$

300,000

$

312,091

Royalty

Pharma

PLC

2.150%

due

09/02/31 

55,000

46,895

3.300%

due

09/02/40 

300,000

232,430

3.350%

due

09/02/51 

60,000

41,507

5.400%

due

09/02/34 

150,000

153,941

S&P

Global,

Inc.

2.450%

due

03/01/27 

250,000

241,185

2.700%

due

03/01/29 

200,000

188,809

3.900%

due

03/01/62 

250,000

203,172

Shire

Acquisitions

Investments

Ireland

DAC

3.200%

due

09/23/26 

250,000

246,195

Smith

&

Nephew

PLC

(United

Kingdom) 

2.032%

due

10/14/30 

250,000

217,408

Solventum

Corp.

5.450%

due

02/25/27 ~

250,000

255,196

Stanford

Health

Care

3.027%

due

08/15/51 

30,000

21,768

Stryker

Corp.

4.100%

due

04/01/43 

100,000

88,688

4.250%

due

09/11/29 

250,000

250,611

Sutter

Health

2.294%

due

08/15/30 

55,000

49,282

3.361%

due

08/15/50 

55,000

41,998

5.547%

due

08/15/53 

100,000

108,948

Sysco

Corp.

2.450%

due

12/14/31 

105,000

91,563

3.150%

due

12/14/51 

125,000

87,627

3.250%

due

07/15/27 

50,000

48,729

3.750%

due

10/01/25 

25,000

24,832

4.450%

due

03/15/48 

50,000

44,168

4.500%

due

04/01/46 

25,000

22,272

4.850%

due

10/01/45 

15,000

14,176

6.000%

due

01/17/34 

200,000

219,642

Takeda

Pharmaceutical

Co.

Ltd.

(Japan) 

3.175%

due

07/09/50 

250,000

179,662

5.000%

due

11/26/28 

100,000

102,553

5.300%

due

07/05/34 

200,000

208,803

Thermo

Fisher

Scientific,

Inc.

1.750%

due

10/15/28 

20,000

18,363

2.000%

due

10/15/31 

35,000

30,357

2.800%

due

10/15/41 

320,000

244,430

5.200%

due

01/31/34 

75,000

79,215

5.300%

due

02/01/44 

100,000

103,669

Toledo

Hospital

5.750%

due

11/15/38 

50,000

50,991

Trustees

of

Princeton

University

5.700%

due

03/01/39 

50,000

56,973

Tyson

Foods,

Inc.

3.550%

due

06/02/27 

350,000

343,322

4.000%

due

03/01/26 

15,000

14,926

4.350%

due

03/01/29 

20,000

19,920

5.100%

due

09/28/48 

10,000

9,474

Unilever

Capital

Corp.

(United

Kingdom) 

1.750%

due

08/12/31 

140,000

120,350

4.875%

due

09/08/28 

200,000

206,194

5.900%

due

11/15/32 

50,000

55,596

UnitedHealth

Group,

Inc.

1.150%

due

05/15/26 

50,000

47,823

2.300%

due

05/15/31 

50,000

44,349

2.875%

due

08/15/29 

75,000

71,166

2.900%

due

05/15/50 

300,000

210,309

a

Principal

Amount

Value

3.050%

due

05/15/41 

$

50,000

$

39,496

3.250%

due

05/15/51 

50,000

37,069

3.500%

due

08/15/39 

60,000

51,748

3.700%

due

12/15/25 

20,000

19,908

3.700%

due

08/15/49 

65,000

52,399

3.850%

due

06/15/28 

100,000

99,640

3.875%

due

12/15/28 

25,000

24,867

3.875%

due

08/15/59 

100,000

79,826

4.200%

due

05/15/32 

65,000

64,510

4.250%

due

06/15/48 

50,000

44,290

4.450%

due

12/15/48 

25,000

22,749

4.500%

due

04/15/33 

150,000

150,719

4.750%

due

07/15/45 

50,000

48,508

4.800%

due

01/15/30 

150,000

154,584

5.000%

due

04/15/34 

250,000

258,225

5.050%

due

04/15/53 

150,000

149,085

5.150%

due

10/15/25 

25,000

25,262

5.150%

due

07/15/34 

90,000

93,967

5.250%

due

02/15/28 

70,000

72,863

5.350%

due

02/15/33 

100,000

106,260

5.375%

due

04/15/54 

145,000

150,849

5.625%

due

07/15/54 

90,000

96,624

5.875%

due

02/15/53 

530,000

587,286

6.875%

due

02/15/38 

250,000

302,919

Universal

Health

Services,

Inc.

4.625%

due

10/15/29 

105,000

104,387

University

of

Chicago

2.761%

due

04/01/45 

10,000

7,998

University

of

Notre

Dame

du

Lac

3.394%

due

02/15/48 

50,000

40,966

University

of

Southern

California

2.805%

due

10/01/50 

50,000

35,538

3.028%

due

10/01/39 

50,000

42,659

Utah

Acquisition

Sub,

Inc.

3.950%

due

06/15/26 

61,000

60,424

Verisk

Analytics,

Inc.

5.750%

due

04/01/33 

115,000

123,860

Viatris,

Inc.

3.850%

due

06/22/40 

400,000

311,725

Wyeth

LLC

5.950%

due

04/01/37 

50,000

55,410

6.500%

due

02/01/34 

100,000

115,389

Yale

University

2.402%

due

04/15/50 

150,000

99,927

Zimmer

Biomet

Holdings,

Inc.

2.600%

due

11/24/31 

100,000

87,655

Zoetis,

Inc.

5.600%

due

11/16/32 

135,000

144,655

53,853,822

Energy

-

1.8%

Apache

Corp.

5.100%

due

09/01/40 

150,000

133,472

Baker

Hughes

Holdings

LLC

5.125%

due

09/15/40 

50,000

49,975

Baker

Hughes

Holdings

LLC/Baker

Hughes

Co-Obligor,

Inc.

3.337%

due

12/15/27 

100,000

97,607

4.080%

due

12/15/47 

50,000

42,485

Boardwalk

Pipelines

LP

5.625%

due

08/01/34 

150,000

154,831

BP

Capital

Markets

America,

Inc.

1.749%

due

08/10/30 

130,000

113,486

2.772%

due

11/10/50 

130,000

85,613

217

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

3.000%

due

02/24/50 

$

150,000

$

103,995

3.001%

due

03/17/52 

50,000

34,351

3.119%

due

05/04/26 

25,000

24,632

3.588%

due

04/14/27 

100,000

98,900

4.234%

due

11/06/28 

400,000

401,545

4.812%

due

02/13/33 

235,000

238,236

4.970%

due

10/17/29 

150,000

154,839

Canadian

Natural

Resources

Ltd.

(Canada) 

3.850%

due

06/01/27 

50,000

49,316

4.950%

due

06/01/47 

25,000

22,990

6.750%

due

02/01/39 

90,000

101,113

Cenovus

Energy,

Inc.

(Canada) 

2.650%

due

01/15/32 

65,000

56,095

3.750%

due

02/15/52 

225,000

165,735

Cheniere

Corpus

Christi

Holdings

LLC

3.700%

due

11/15/29 

60,000

57,713

5.125%

due

06/30/27 

300,000

305,013

Cheniere

Energy

Partners

LP

5.950%

due

06/30/33 

125,000

132,356

Chevron

Corp.

1.995%

due

05/11/27 

350,000

334,428

2.236%

due

05/11/30 

25,000

22,709

2.954%

due

05/16/26 

100,000

98,576

3.326%

due

11/17/25 

50,000

49,597

Chevron

USA,

Inc.

3.850%

due

01/15/28 

50,000

50,138

ConocoPhillips

Co.

3.758%

due

03/15/42 

250,000

212,690

4.025%

due

03/15/62 

200,000

161,334

5.050%

due

09/15/33 

145,000

150,125

6.950%

due

04/15/29 

100,000

111,230

Coterra

Energy,

Inc.

5.600%

due

03/15/34 

100,000

103,516

Devon

Energy

Corp.

5.000%

due

06/15/45 

105,000

93,823

5.200%

due

09/15/34 

200,000

199,236

5.850%

due

12/15/25 

50,000

50,520

Diamondback

Energy,

Inc.

3.500%

due

12/01/29 

100,000

95,149

4.250%

due

03/15/52 

60,000

48,696

6.250%

due

03/15/33 

300,000

323,695

Enbridge

Energy

Partners

LP

7.500%

due

04/15/38 

50,000

60,510

Enbridge,

Inc.

(Canada) 

1.600%

due

10/04/26 

55,000

52,202

2.500%

due

08/01/33 

400,000

336,048

3.400%

due

08/01/51 

70,000

50,564

3.700%

due

07/15/27 

100,000

98,599

4.500%

due

06/10/44 

150,000

133,065

6.000%

due

11/15/28 

100,000

106,244

Energy

Transfer

LP

3.900%

due

07/15/26 

100,000

99,106

4.200%

due

04/15/27 

100,000

99,694

4.400%

due

03/15/27 

200,000

200,359

5.250%

due

04/15/29 

25,000

25,726

5.300%

due

04/15/47 

100,000

94,310

5.600%

due

09/01/34 

250,000

259,917

5.750%

due

02/15/33 

350,000

366,331

5.950%

due

10/01/43 

100,000

101,907

6.125%

due

12/15/45 

200,000

208,850

6.500%

due

02/01/42 

100,000

109,589

Enterprise

Products

Operating

LLC

3.125%

due

07/31/29 

100,000

95,526

a

Principal

Amount

Value

4.150%

due

10/16/28 

$

50,000

$

49,984

4.200%

due

01/31/50 

450,000

384,194

4.250%

due

02/15/48 

25,000

21,621

4.800%

due

02/01/49 

50,000

46,737

4.950%

due

02/15/35 

55,000

55,876

5.350%

due

01/31/33 

100,000

104,996

5.375%

due

02/15/78 

300,000

287,348

6.125%

due

10/15/39 

115,000

127,240

6.875%

due

03/01/33 

150,000

172,578

EQT

Corp.

5.750%

due

02/01/34 

250,000

257,097

Equinor

ASA

(Norway) 

2.375%

due

05/22/30 

125,000

114,165

3.250%

due

11/18/49 

200,000

150,449

3.950%

due

05/15/43 

300,000

262,704

Exxon

Mobil

Corp.

2.440%

due

08/16/29 

50,000

46,817

2.610%

due

10/15/30 

250,000

230,519

2.995%

due

08/16/39 

50,000

41,101

3.043%

due

03/01/26 

150,000

148,223

3.452%

due

04/15/51 

200,000

155,100

4.114%

due

03/01/46 

65,000

57,966

4.327%

due

03/19/50 

300,000

271,931

Halliburton

Co.

3.800%

due

11/15/25 

6,000

5,959

4.850%

due

11/15/35 

50,000

49,947

5.000%

due

11/15/45 

342,000

327,826

7.450%

due

09/15/39 

25,000

30,818

Hess

Corp.

4.300%

due

04/01/27 

50,000

49,995

5.600%

due

02/15/41 

50,000

52,051

5.800%

due

04/01/47 

50,000

52,766

7.125%

due

03/15/33 

50,000

57,736

Kinder

Morgan,

Inc.

2.000%

due

02/15/31 

210,000

180,561

3.250%

due

08/01/50 

220,000

149,930

4.300%

due

03/01/28 

300,000

300,587

4.800%

due

02/01/33 

100,000

99,166

5.100%

due

08/01/29 

45,000

46,192

5.300%

due

12/01/34 

70,000

71,131

5.550%

due

06/01/45 

350,000

346,052

Marathon

Oil

Corp.

4.400%

due

07/15/27 

100,000

100,136

5.200%

due

06/01/45 

50,000

49,277

Marathon

Petroleum

Corp.

3.800%

due

04/01/28 

30,000

29,504

4.500%

due

04/01/48 

25,000

21,363

5.125%

due

12/15/26 

50,000

50,813

6.500%

due

03/01/41 

100,000

108,956

MPLX

LP

2.650%

due

08/15/30 

45,000

40,514

4.250%

due

12/01/27 

250,000

249,163

4.500%

due

04/15/38 

30,000

27,744

4.700%

due

04/15/48 

45,000

39,271

4.900%

due

04/15/58 

15,000

13,215

4.950%

due

03/14/52 

200,000

179,586

5.650%

due

03/01/53 

75,000

74,658

NOV,

Inc.

3.950%

due

12/01/42 

100,000

79,034

Occidental

Petroleum

Corp.

5.550%

due

10/01/34 

115,000

116,834

6.600%

due

03/15/46 

300,000

323,045

6.625%

due

09/01/30 

300,000

323,843

218

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

ONEOK,

Inc.

3.100%

due

03/15/30 

$

25,000

$

23,277

4.000%

due

07/13/27 

130,000

129,042

4.200%

due

10/03/47 

50,000

40,259

4.250%

due

09/24/27 

75,000

75,086

4.250%

due

09/15/46 

70,000

57,697

4.350%

due

03/15/29 

100,000

99,509

4.500%

due

03/15/50 

25,000

20,923

4.550%

due

07/15/28 

50,000

50,275

4.950%

due

07/13/47 

50,000

45,183

5.000%

due

03/01/26 

50,000

50,243

5.050%

due

11/01/34 

100,000

99,592

5.200%

due

07/15/48 

225,000

210,310

5.700%

due

11/01/54 

100,000

99,507

5.850%

due

11/01/64 

100,000

99,345

Ovintiv,

Inc.

6.250%

due

07/15/33 

115,000

121,777

Phillips

66

1.300%

due

02/15/26 

20,000

19,221

3.300%

due

03/15/52 

100,000

69,553

4.650%

due

11/15/34 

200,000

195,461

Phillips

66

Co.

3.550%

due

10/01/26 

50,000

49,365

4.900%

due

10/01/46 

25,000

23,064

4.950%

due

12/01/27 

250,000

255,932

Pioneer

Natural

Resources

Co.

5.100%

due

03/29/26 

350,000

355,087

Plains

All

American

Pipeline

LP/PAA

Finance

Corp.

4.500%

due

12/15/26 

150,000

150,137

4.650%

due

10/15/25 

100,000

99,867

4.700%

due

06/15/44 

50,000

44,252

Sabine

Pass

Liquefaction

LLC

4.500%

due

05/15/30 

205,000

204,517

Schlumberger

Investment

SA

2.650%

due

06/26/30 

100,000

91,959

4.500%

due

05/15/28 

50,000

50,761

Shell

International

Finance

BV

2.500%

due

09/12/26 

50,000

48,521

2.750%

due

04/06/30 

85,000

79,228

2.875%

due

05/10/26 

100,000

98,115

2.875%

due

11/26/41 

200,000

152,811

3.000%

due

11/26/51 

200,000

139,621

3.250%

due

04/06/50 

100,000

74,270

3.625%

due

08/21/42 

100,000

83,867

3.750%

due

09/12/46 

50,000

41,043

4.000%

due

05/10/46 

100,000

85,642

4.125%

due

05/11/35 

263,000

255,703

Spectra

Energy

Partners

LP

3.375%

due

10/15/26 

20,000

19,653

Suncor

Energy,

Inc.

(Canada) 

4.000%

due

11/15/47 

70,000

55,828

6.800%

due

05/15/38 

200,000

228,897

Targa

Resources

Corp.

5.200%

due

07/01/27 

85,000

86,978

6.125%

due

03/15/33 

70,000

75,177

6.150%

due

03/01/29 

200,000

213,173

6.250%

due

07/01/52 

200,000

215,463

TC

PipeLines

LP

3.900%

due

05/25/27 

20,000

19,700

TotalEnergies

Capital

International

SA

(France) 

2.829%

due

01/10/30 

50,000

47,105

a

Principal

Amount

Value

3.127%

due

05/29/50 

$

100,000

$

72,480

3.461%

due

07/12/49 

50,000

38,398

TotalEnergies

Capital

SA

(France) 

3.883%

due

10/11/28 

25,000

24,859

TransCanada

PipeLines

Ltd.

(Canada) 

4.100%

due

04/15/30 

200,000

196,914

4.250%

due

05/15/28 

50,000

49,869

5.100%

due

03/15/49 

350,000

341,377

7.625%

due

01/15/39 

50,000

61,640

Transcontinental

Gas

Pipe

Line

Co.

LLC

3.250%

due

05/15/30 

25,000

23,426

4.000%

due

03/15/28 

50,000

49,352

4.450%

due

08/01/42 

150,000

136,396

Valero

Energy

Corp.

2.150%

due

09/15/27 

100,000

94,364

2.800%

due

12/01/31 

100,000

88,148

6.625%

due

06/15/37 

150,000

168,237

Western

Midstream

Operating

LP

4.050%

due

02/01/30 

200,000

192,688

6.150%

due

04/01/33 

40,000

42,315

Williams

Cos.,

Inc.

2.600%

due

03/15/31 

350,000

309,399

3.750%

due

06/15/27 

50,000

49,271

5.100%

due

09/15/45 

100,000

95,265

5.300%

due

08/15/52 

250,000

242,781

5.400%

due

03/02/26 

70,000

70,938

5.750%

due

06/24/44 

35,000

36,036

6.300%

due

04/15/40 

20,000

21,817

21,120,592

Financial

-

9.6%

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust

(Ireland) 

2.450%

due

10/29/26 

150,000

144,099

3.300%

due

01/30/32 

150,000

135,423

3.875%

due

01/23/28 

150,000

147,498

5.100%

due

01/19/29 

150,000

153,372

5.750%

due

06/06/28 

150,000

156,386

6.450%

due

04/15/27 

350,000

366,773

African

Development

Bank

(Multi-National) 

0.875%

due

03/23/26 

400,000

382,746

0.875%

due

07/22/26 

116,000

110,218

3.500%

due

09/18/29 

200,000

198,689

Agree

LP

5.625%

due

06/15/34 

60,000

62,799

Air

Lease

Corp.

2.100%

due

09/01/28 

300,000

274,683

3.000%

due

02/01/30 

100,000

92,224

Alexandria

Real

Estate

Equities,

Inc.

2.750%

due

12/15/29 

50,000

45,918

2.950%

due

03/15/34 

40,000

34,605

3.375%

due

08/15/31 

60,000

55,998

3.550%

due

03/15/52 

70,000

51,379

3.950%

due

01/15/27 

25,000

24,738

4.000%

due

02/01/50 

100,000

79,914

4.500%

due

07/30/29 

20,000

19,993

4.750%

due

04/15/35 

20,000

19,765

5.150%

due

04/15/53 

150,000

143,675

Allstate

Corp.

3.280%

due

12/15/26 

350,000

344,142

Ally

Financial,

Inc.

6.184%

due

07/26/35 

250,000

255,974

6.992%

due

06/13/29 

125,000

132,213

219

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

American

Express

Co.

3.300%

due

05/03/27 

$

415,000

$

407,293

4.050%

due

12/03/42 

125,000

114,028

5.043%

due

07/26/28 

75,000

76,643

5.098%

due

02/16/28 

250,000

254,830

5.282%

due

07/27/29 

250,000

259,005

5.850%

due

11/05/27 

60,000

63,077

6.489%

due

10/30/31 

65,000

71,875

American

Financial

Group,

Inc.

4.500%

due

06/15/47 

50,000

44,770

American

Homes

4

Rent

LP

3.625%

due

04/15/32 

70,000

64,754

American

International

Group,

Inc.

4.375%

due

06/30/50 

100,000

89,730

4.800%

due

07/10/45 

50,000

47,828

5.125%

due

03/27/33 

165,000

170,148

American

Tower

Corp.

1.875%

due

10/15/30 

200,000

172,393

2.300%

due

09/15/31 

350,000

301,336

2.900%

due

01/15/30 

50,000

46,260

3.100%

due

06/15/50 

50,000

34,871

3.375%

due

10/15/26 

100,000

98,291

3.600%

due

01/15/28 

100,000

97,624

5.250%

due

07/15/28 

150,000

154,542

5.900%

due

11/15/33 

65,000

69,897

Ameriprise

Financial,

Inc.

5.150%

due

05/15/33 

60,000

62,542

Aon

Corp./Aon

Global

Holdings

PLC

2.050%

due

08/23/31 

100,000

85,566

2.900%

due

08/23/51 

100,000

66,522

Aon

North

America,

Inc.

5.150%

due

03/01/29 

200,000

206,685

5.450%

due

03/01/34 

150,000

157,555

5.750%

due

03/01/54 

150,000

159,030

Apollo

Debt

Solutions

BDC

6.900%

due

04/13/29 ~

65,000

67,595

Arch

Capital

Group

U.S.,

Inc.

5.144%

due

11/01/43 

200,000

195,232

ARES

Capital

Corp.

2.150%

due

07/15/26 

350,000

332,768

Arthur

J

Gallagher

&

Co.

5.500%

due

03/02/33 

265,000

277,827

Asian

Development

Bank

(Multi-National) 

1.000%

due

04/14/26 

200,000

191,583

1.250%

due

06/09/28 

50,000

46,040

1.750%

due

08/14/26 

250,000

241,183

2.625%

due

01/12/27 

200,000

195,624

2.750%

due

01/19/28 

100,000

97,418

3.125%

due

09/26/28 

200,000

196,939

3.750%

due

04/25/28 

345,000

346,606

3.875%

due

09/28/32 

120,000

121,209

3.875%

due

06/14/33 

250,000

250,656

4.000%

due

01/12/33 

85,000

85,906

4.125%

due

01/12/27 

180,000

182,015

4.250%

due

01/09/26 

250,000

250,945

4.375%

due

03/06/29 

180,000

185,472

4.500%

due

08/25/28 

653,000

674,262

Asian

Infrastructure

Investment

Bank

(Multi-National) 

4.000%

due

01/18/28 

100,000

101,311

4.125%

due

01/18/29 

205,000

208,957

4.250%

due

03/13/34 

150,000

154,272

a

Principal

Amount

Value

Assurant,

Inc.

4.900%

due

03/27/28 

$

100,000

$

100,889

Assured

Guaranty

U.S.

Holdings,

Inc.

3.150%

due

06/15/31 

70,000

63,424

Athene

Holding

Ltd.

3.450%

due

05/15/52 

100,000

68,670

3.500%

due

01/15/31 

20,000

18,632

6.650%

due

02/01/33 

100,000

109,976

Australia

&

New

Zealand

Banking

Group

Ltd.

(Australia) 

4.750%

due

01/18/27 

250,000

254,198

AvalonBay

Communities,

Inc.

2.050%

due

01/15/32 

200,000

172,295

2.450%

due

01/15/31 

105,000

93,733

3.350%

due

05/15/27 

25,000

24,533

4.150%

due

07/01/47 

50,000

43,391

AXA

SA

(France) 

8.600%

due

12/15/30 

75,000

91,943

Banco

Bilbao

Vizcaya

Argentaria

SA

(Spain) 

6.138%

due

09/14/28 

200,000

209,185

Banco

Santander

SA

(Spain) 

1.722%

due

09/14/27 

200,000

189,506

2.749%

due

12/03/30 

200,000

176,841

5.294%

due

08/18/27 

200,000

204,640

6.607%

due

11/07/28 

200,000

217,086

6.921%

due

08/08/33 

295,000

326,562

Bank

of

America

Corp.

1.197%

due

10/24/26 

100,000

96,535

1.658%

due

03/11/27 

350,000

336,501

1.734%

due

07/22/27 

410,000

391,560

1.922%

due

10/24/31 

100,000

86,193

2.299%

due

07/21/32 

100,000

86,609

2.482%

due

09/21/36 

200,000

168,825

2.496%

due

02/13/31 

100,000

90,683

2.572%

due

10/20/32 

100,000

87,711

2.592%

due

04/29/31 

500,000

453,649

2.651%

due

03/11/32 

100,000

89,287

2.676%

due

06/19/41 

350,000

263,317

2.831%

due

10/24/51 

25,000

17,297

2.884%

due

10/22/30 

50,000

46,452

2.972%

due

07/21/52 

100,000

71,057

3.248%

due

10/21/27 

150,000

146,641

3.311%

due

04/22/42 

400,000

325,149

3.419%

due

12/20/28 

169,000

164,442

3.483%

due

03/13/52 

100,000

78,557

3.500%

due

04/19/26 

150,000

148,591

3.593%

due

07/21/28 

100,000

98,173

3.824%

due

01/20/28 

300,000

296,786

3.946%

due

01/23/49 

100,000

85,505

3.970%

due

03/05/29 

100,000

98,838

4.078%

due

04/23/40 

200,000

183,005

4.083%

due

03/20/51 

350,000

304,372

4.183%

due

11/25/27 

100,000

99,813

4.450%

due

03/03/26 

85,000

85,149

4.750%

due

04/21/45 

85,000

81,723

5.015%

due

07/22/33 

250,000

256,613

5.080%

due

01/20/27 

800,000

806,714

5.202%

due

04/25/29 

200,000

205,692

5.288%

due

04/25/34 

200,000

208,007

5.819%

due

09/15/29 

200,000

210,534

5.872%

due

09/15/34 

200,000

215,865

6.110%

due

01/29/37 

250,000

276,218

6.204%

due

11/10/28 

65,000

68,627

220

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

7.750%

due

05/14/38 

$

200,000

$

252,835

Bank

of

Montreal

(Canada) 

0.949%

due

01/22/27 

100,000

95,560

4.567%

due

09/10/27 

100,000

100,772

4.640%

due

09/10/30 

200,000

202,207

5.300%

due

06/05/26 

150,000

152,821

5.370%

due

06/04/27 

350,000

362,070

Bank

of

New

York

Mellon

Corp.

2.800%

due

05/04/26 

50,000

49,001

3.000%

due

10/30/28 

55,000

52,492

4.706%

due

02/01/34 

130,000

130,931

5.802%

due

10/25/28 

500,000

524,235

6.474%

due

10/25/34 

200,000

226,122

Bank

of

Nova

Scotia

(Canada) 

1.300%

due

09/15/26 

50,000

47,390

2.450%

due

02/02/32 

100,000

87,207

4.588%

due

05/04/37 

40,000

38,063

4.750%

due

02/02/26 

240,000

241,675

5.650%

due

02/01/34 

150,000

160,722

Barclays

PLC

(United

Kingdom) 

2.645%

due

06/24/31 

200,000

178,839

2.894%

due

11/24/32 

200,000

175,466

3.330%

due

11/24/42 

200,000

154,289

4.337%

due

01/10/28 

300,000

298,167

4.375%

due

01/12/26 

200,000

199,686

4.942%

due

09/10/30 

200,000

201,706

4.950%

due

01/10/47 

200,000

193,350

5.690%

due

03/12/30 

200,000

208,090

6.490%

due

09/13/29 

200,000

213,472

7.385%

due

11/02/28 

200,000

216,058

Berkshire

Hathaway

Finance

Corp.

1.450%

due

10/15/30 

80,000

69,236

2.850%

due

10/15/50 

90,000

63,320

3.850%

due

03/15/52 

200,000

169,025

4.300%

due

05/15/43 

200,000

190,167

5.750%

due

01/15/40 

25,000

28,453

BGC

Group,

Inc.

6.600%

due

06/10/29 

75,000

77,617

BlackRock

Funding,

Inc.

5.000%

due

03/14/34 

120,000

125,135

BlackRock,

Inc.

1.900%

due

01/28/31 

15,000

13,109

2.100%

due

02/25/32 

100,000

86,451

2.400%

due

04/30/30 

45,000

41,195

3.200%

due

03/15/27 

56,000

55,233

3.250%

due

04/30/29 

60,000

58,276

4.750%

due

05/25/33 

115,000

118,380

Blackstone

Private

Credit

Fund

2.625%

due

12/15/26 

100,000

94,592

3.250%

due

03/15/27 

150,000

142,982

Blackstone

Secured

Lending

Fund

2.750%

due

09/16/26 

100,000

95,608

Blue

Owl

Capital

Corp.

2.875%

due

06/11/28 

100,000

91,659

Blue

Owl

Credit

Income

Corp.

6.600%

due

09/15/29 ~

25,000

25,657

7.950%

due

06/13/28 

100,000

106,893

Boston

Properties

LP

2.450%

due

10/01/33 

50,000

40,040

2.550%

due

04/01/32 

250,000

208,506

3.250%

due

01/30/31 

150,000

135,163

5.750%

due

01/15/35 

225,000

229,575

a

Principal

Amount

Value

Brighthouse

Financial,

Inc.

3.700%

due

06/22/27 

$

100,000

$

97,851

4.700%

due

06/22/47 

50,000

41,207

Brixmor

Operating

Partnership

LP

2.500%

due

08/16/31 

50,000

43,453

4.050%

due

07/01/30 

10,000

9,728

4.125%

due

06/15/26 

50,000

49,736

5.500%

due

02/15/34 

70,000

72,098

Brookfield

Capital

Finance

LLC

(Canada) 

6.087%

due

06/14/33 

250,000

270,729

Brookfield

Finance,

Inc.

(Canada) 

3.500%

due

03/30/51 

50,000

37,757

4.700%

due

09/20/47 

50,000

46,310

4.850%

due

03/29/29 

100,000

102,004

Brown

&

Brown,

Inc.

4.200%

due

03/17/32 

35,000

33,537

4.500%

due

03/15/29 

50,000

50,284

4.950%

due

03/17/52 

200,000

183,287

Camden

Property

Trust

3.150%

due

07/01/29 

30,000

28,625

4.100%

due

10/15/28 

20,000

19,907

4.900%

due

01/15/34 

100,000

100,688

Canadian

Imperial

Bank

of

Commerce

(Canada) 

0.950%

due

10/23/25 

20,000

19,308

1.250%

due

06/22/26 

100,000

95,278

3.600%

due

04/07/32 

45,000

42,168

5.001%

due

04/28/28 

100,000

102,465

5.237%

due

06/28/27 

150,000

154,148

5.260%

due

04/08/29 

65,000

67,567

Capital

One

Financial

Corp.

1.878%

due

11/02/27 

100,000

95,031

2.618%

due

11/02/32 

100,000

85,519

3.750%

due

03/09/27 

50,000

49,370

3.800%

due

01/31/28 

200,000

195,742

4.927%

due

05/10/28 

100,000

101,214

5.468%

due

02/01/29 

65,000

66,644

5.700%

due

02/01/30 

500,000

517,903

6.312%

due

06/08/29 

65,000

68,484

CBRE

Services,

Inc.

4.875%

due

03/01/26 

100,000

100,492

Charles

Schwab

Corp.

0.900%

due

03/11/26 

135,000

128,654

1.150%

due

05/13/26 

75,000

71,530

1.950%

due

12/01/31 

100,000

85,213

2.300%

due

05/13/31 

150,000

132,546

2.450%

due

03/03/27 

250,000

240,133

3.200%

due

03/02/27 

100,000

97,767

6.136%

due

08/24/34 

100,000

109,364

Chubb

INA

Holdings

LLC

1.375%

due

09/15/30 

250,000

214,455

2.850%

due

12/15/51 

25,000

17,487

3.050%

due

12/15/61 

10,000

6,836

4.150%

due

03/13/43 

25,000

22,574

5.000%

due

03/15/34 

95,000

98,690

Citibank

NA

4.929%

due

08/06/26 

250,000

253,806

5.803%

due

09/29/28 

250,000

264,723

Citigroup,

Inc.

1.462%

due

06/09/27 

100,000

95,302

2.520%

due

11/03/32 

70,000

60,776

2.561%

due

05/01/32 

55,000

48,369

2.666%

due

01/29/31 

150,000

136,698

221

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

2.904%

due

11/03/42 

$

50,000

$

37,701

2.976%

due

11/05/30 

100,000

93,101

3.057%

due

01/25/33 

135,000

120,640

3.070%

due

02/24/28 

650,000

631,840

3.400%

due

05/01/26 

100,000

98,732

3.520%

due

10/27/28 

100,000

97,636

3.668%

due

07/24/28 

100,000

98,239

3.785%

due

03/17/33 

450,000

421,755

3.878%

due

01/24/39 

100,000

89,141

3.887%

due

01/10/28 

100,000

99,012

4.125%

due

07/25/28 

100,000

99,208

4.300%

due

11/20/26 

100,000

99,922

4.542%

due

09/19/30 

100,000

100,139

4.750%

due

05/18/46 

50,000

46,945

5.174%

due

02/13/30 

400,000

410,996

5.300%

due

05/06/44 

400,000

407,262

5.411%

due

09/19/39 

50,000

49,878

5.449%

due

06/11/35 

150,000

156,517

5.827%

due

02/13/35 

250,000

261,181

6.125%

due

08/25/36 

100,000

108,761

6.174%

due

05/25/34 

115,000

122,751

6.270%

due

11/17/33 

235,000

258,237

Citizens

Financial

Group,

Inc.

5.841%

due

01/23/30 

125,000

130,074

6.645%

due

04/25/35 

190,000

208,674

CME

Group,

Inc.

3.750%

due

06/15/28 

100,000

99,467

4.150%

due

06/15/48 

50,000

45,271

CNA

Financial

Corp.

3.450%

due

08/15/27 

100,000

97,917

4.500%

due

03/01/26 

50,000

50,042

Cooperatieve

Rabobank

UA

(Netherlands) 

4.800%

due

01/09/29 

250,000

256,646

5.250%

due

05/24/41 

200,000

211,399

COPT

Defense

Properties

LP

2.250%

due

03/15/26 

35,000

33,825

2.900%

due

12/01/33 

65,000

54,476

Corebridge

Financial,

Inc.

3.650%

due

04/05/27 

500,000

492,061

Corp.

Andina

de

Fomento

(Multi-National) 

2.250%

due

02/08/27 

200,000

192,170

4.125%

due

01/07/28 

85,000

85,502

Council

of

Europe

Development

Bank

(Multi-National) 

3.625%

due

01/26/28 

250,000

249,782

3.750%

due

05/25/26 

300,000

299,745

Crown

Castle,

Inc.

2.100%

due

04/01/31 

200,000

171,136

2.900%

due

04/01/41 

500,000

370,865

3.650%

due

09/01/27 

35,000

34,315

3.700%

due

06/15/26 

35,000

34,588

3.800%

due

02/15/28 

50,000

49,089

4.000%

due

03/01/27 

40,000

39,730

4.300%

due

02/15/29 

60,000

59,486

4.450%

due

02/15/26 

35,000

34,991

4.750%

due

05/15/47 

25,000

22,759

5.000%

due

01/11/28 

35,000

35,622

CubeSmart

LP

2.000%

due

02/15/31 

15,000

12,852

3.125%

due

09/01/26 

50,000

48,791

Deutsche

Bank

AG

(Germany) 

2.552%

due

01/07/28 

150,000

143,001

3.547%

due

09/18/31 

500,000

466,244

a

Principal

Amount

Value

5.403%

due

09/11/35 

$

155,000

$

156,060

7.146%

due

07/13/27 

150,000

156,173

Digital

Realty

Trust

LP

3.700%

due

08/15/27 

50,000

49,305

4.450%

due

07/15/28 

100,000

100,273

Discover

Bank

3.450%

due

07/27/26 

250,000

244,864

DOC

Dr.

LLC

2.625%

due

11/01/31 

50,000

43,683

Enstar

Group

Ltd.

4.950%

due

06/01/29 

25,000

25,159

EPR

Properties

3.600%

due

11/15/31 

30,000

26,770

Equinix

Europe

2

Financing

Corp.

LLC

5.500%

due

06/15/34 

55,000

57,741

Equinix,

Inc.

2.000%

due

05/15/28 

35,000

32,285

2.150%

due

07/15/30 

350,000

309,452

2.500%

due

05/15/31 

100,000

88,381

3.400%

due

02/15/52 

10,000

7,298

Equitable

Holdings,

Inc.

4.350%

due

04/20/28 

300,000

298,987

ERP

Operating

LP

2.850%

due

11/01/26 

70,000

68,284

3.500%

due

03/01/28 

100,000

97,725

4.500%

due

06/01/45 

75,000

67,692

Essex

Portfolio

LP

2.550%

due

06/15/31 

65,000

56,871

2.650%

due

03/15/32 

30,000

26,137

3.375%

due

04/15/26 

50,000

49,216

4.000%

due

03/01/29 

25,000

24,566

European

Bank

for

Reconstruction

&

Development

(Multi-National) 

4.125%

due

01/25/29 

130,000

132,486

4.250%

due

03/13/34 

200,000

205,662

4.375%

due

03/09/28 

120,000

122,995

European

Investment

Bank

(Multi-National) 

0.375%

due

03/26/26 

300,000

285,079

0.625%

due

10/21/27 

250,000

228,690

0.750%

due

10/26/26 

83,000

78,203

1.250%

due

02/14/31 

300,000

258,934

1.375%

due

03/15/27 

350,000

331,720

1.625%

due

10/09/29 

195,000

177,454

3.625%

due

07/15/30 

160,000

159,804

3.750%

due

02/14/33 

325,000

323,062

3.875%

due

03/15/28 

400,000

403,680

4.000%

due

02/15/29 

135,000

137,142

4.375%

due

03/19/27 

130,000

132,361

4.375%

due

10/10/31 

175,000

182,375

4.500%

due

10/16/28 

100,000

103,404

Extra

Space

Storage

LP

3.900%

due

04/01/29 

220,000

214,956

4.000%

due

06/15/29 

100,000

98,096

F&G

Annuities

&

Life,

Inc.

6.500%

due

06/04/29 

25,000

25,766

Fairfax

Financial

Holdings

Ltd.

(Canada) 

5.625%

due

08/16/32 

150,000

155,508

6.100%

due

03/15/55 ~

100,000

104,250

Federal

Realty

OP

LP

1.250%

due

02/15/26 

300,000

287,103

4.500%

due

12/01/44 

50,000

43,982

Fidelity

National

Financial,

Inc.

3.400%

due

06/15/30 

200,000

186,389

222

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

4.500%

due

08/15/28 

$

50,000

$

50,254

Fifth

Third

Bancorp

1.707%

due

11/01/27 

155,000

146,691

2.550%

due

05/05/27 

60,000

57,551

6.339%

due

07/27/29 

245,000

260,529

8.250%

due

03/01/38 

25,000

31,498

First

American

Financial

Corp.

5.450%

due

09/30/34 

100,000

99,614

FS

KKR

Capital

Corp.

2.625%

due

01/15/27 

100,000

94,081

3.250%

due

07/15/27 

50,000

47,371

Globe

Life,

Inc.

4.550%

due

09/15/28 

50,000

49,976

GLP

Capital

LP/GLP

Financing

II,

Inc.

3.250%

due

01/15/32 

50,000

44,276

4.000%

due

01/15/31 

50,000

46,911

5.375%

due

04/15/26 

50,000

50,241

5.625%

due

09/15/34 

200,000

204,408

5.750%

due

06/01/28 

25,000

25,683

Goldman

Sachs

Bank

USA

5.283%

due

03/18/27 

250,000

253,292

5.414%

due

05/21/27 

100,000

101,648

Goldman

Sachs

Group,

Inc.

1.093%

due

12/09/26 

290,000

278,262

1.431%

due

03/09/27 

80,000

76,543

1.542%

due

09/10/27 

100,000

94,803

1.948%

due

10/21/27 

250,000

238,360

2.383%

due

07/21/32 

70,000

60,738

2.615%

due

04/22/32 

70,000

61,881

2.640%

due

02/24/28 

250,000

240,335

2.908%

due

07/21/42 

60,000

45,642

3.210%

due

04/22/42 

60,000

47,873

3.436%

due

02/24/43 

450,000

366,673

3.500%

due

11/16/26 

100,000

98,523

3.615%

due

03/15/28 

200,000

196,801

3.750%

due

02/25/26 

60,000

59,634

3.800%

due

03/15/30 

250,000

243,268

3.814%

due

04/23/29 

150,000

147,083

3.850%

due

01/26/27 

160,000

158,636

4.017%

due

10/31/38 

100,000

90,790

4.223%

due

05/01/29 

200,000

198,876

4.411%

due

04/23/39 

450,000

424,451

4.750%

due

10/21/45 

100,000

97,247

5.049%

due

07/23/30 

140,000

143,685

5.330%

due

07/23/35 

120,000

124,353

5.727%

due

04/25/30 

120,000

126,141

6.561%

due

10/24/34 

200,000

225,876

6.750%

due

10/01/37 

200,000

230,401

Golub

Capital

BDC,

Inc.

2.500%

due

08/24/26 

60,000

56,932

Hartford

Financial

Services

Group,

Inc.

2.900%

due

09/15/51 

100,000

67,798

Healthcare

Realty

Holdings

LP

2.000%

due

03/15/31 

25,000

20,944

3.100%

due

02/15/30 

50,000

45,970

Healthpeak

OP

LLC

2.875%

due

01/15/31 

200,000

182,303

3.000%

due

01/15/30 

100,000

93,244

Hercules

Capital,

Inc.

3.375%

due

01/20/27 

35,000

33,346

Highwoods

Realty

LP

4.125%

due

03/15/28 

20,000

19,418

4.200%

due

04/15/29 

50,000

48,345

a

Principal

Amount

Value

Host

Hotels

&

Resorts

LP

3.375%

due

12/15/29 

$

25,000

$

23,293

3.500%

due

09/15/30 

100,000

92,793

5.700%

due

07/01/34 

35,000

36,155

HSBC

Holdings

PLC

(United

Kingdom) 

2.357%

due

08/18/31 

250,000

219,869

2.804%

due

05/24/32 

200,000

177,041

2.848%

due

06/04/31 

200,000

182,128

4.375%

due

11/23/26 

200,000

199,212

4.762%

due

03/29/33 

300,000

295,923

5.546%

due

03/04/30 

200,000

207,973

5.597%

due

05/17/28 

215,000

221,067

5.733%

due

05/17/32 

200,000

210,747

5.887%

due

08/14/27 

250,000

256,872

6.254%

due

03/09/34 

200,000

218,558

6.332%

due

03/09/44 

200,000

226,062

6.547%

due

06/20/34 

350,000

383,087

6.800%

due

06/01/38 

150,000

169,466

7.336%

due

11/03/26 

200,000

205,722

Huntington

Bancshares,

Inc.

5.023%

due

05/17/33 

70,000

69,613

5.709%

due

02/02/35 

200,000

208,287

ING

Groep

NV

(Netherlands) 

4.252%

due

03/28/33 

200,000

194,404

4.550%

due

10/02/28 

200,000

201,552

6.083%

due

09/11/27 

200,000

206,206

Inter-American

Development

Bank

(Multi-National) 

0.875%

due

04/20/26 

250,000

238,866

1.125%

due

07/20/28 

300,000

273,964

1.125%

due

01/13/31 

150,000

128,378

2.000%

due

06/02/26 

150,000

145,577

2.000%

due

07/23/26 

100,000

96,913

3.200%

due

08/07/42 

100,000

86,000

3.500%

due

09/14/29 

200,000

198,826

3.625%

due

09/17/31 

400,000

396,946

4.000%

due

01/12/28 

100,000

101,195

4.125%

due

02/15/29 

160,000

163,259

4.375%

due

02/01/27 

100,000

101,528

4.500%

due

09/13/33 

200,000

209,320

Inter-American

Investment

Corp.

(Multi-National) 

4.125%

due

02/15/28 

150,000

152,028

Intercontinental

Exchange,

Inc.

1.850%

due

09/15/32 

65,000

53,791

2.650%

due

09/15/40 

65,000

48,912

3.000%

due

09/15/60 

65,000

43,313

3.100%

due

09/15/27 

100,000

97,271

5.200%

due

06/15/62 

350,000

358,713

5.250%

due

06/15/31 

55,000

57,782

International

Bank

for

Reconstruction

&

Development

(Multi-National) 

0.500%

due

10/28/25 

200,000

192,622

0.750%

due

11/24/27 

195,000

178,618

0.875%

due

05/14/30 

350,000

300,838

1.125%

due

09/13/28 

160,000

145,590

1.375%

due

04/20/28 

250,000

231,626

1.625%

due

11/03/31 

190,000

165,242

1.750%

due

10/23/29 

100,000

91,359

2.500%

due

03/29/32 

200,000

184,226

3.125%

due

11/20/25 

50,000

49,507

3.125%

due

06/15/27 

200,000

197,499

3.500%

due

07/12/28 

260,000

259,145

223

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

3.625%

due

09/21/29 

$

250,000

$

250,077

3.875%

due

02/14/30 

200,000

202,154

3.875%

due

08/28/34 

185,000

184,593

4.000%

due

08/27/26 

81,000

81,451

4.000%

due

07/25/30 

180,000

183,072

4.000%

due

01/10/31 

500,000

507,794

4.750%

due

04/10/26 

450,000

456,209

International

Finance

Corp.

(Multi-National) 

0.750%

due

10/08/26 

100,000

94,361

0.750%

due

08/27/30 

250,000

211,930

4.250%

due

07/02/29 

200,000

205,283

4.375%

due

01/15/27 

65,000

65,958

Invesco

Finance

PLC

5.375%

due

11/30/43 

200,000

201,401

Invitation

Homes

Operating

Partnership

LP

2.000%

due

08/15/31 

300,000

252,253

Jackson

Financial,

Inc.

5.170%

due

06/08/27 

55,000

55,868

Jefferies

Financial

Group,

Inc.

2.625%

due

10/15/31 

100,000

86,778

2.750%

due

10/15/32 

40,000

34,149

5.875%

due

07/21/28 

200,000

208,694

JPMorgan

Chase

&

Co.

1.045%

due

11/19/26 

100,000

96,125

1.470%

due

09/22/27 

75,000

71,067

1.578%

due

04/22/27 

65,000

62,289

1.764%

due

11/19/31 

100,000

85,992

2.069%

due

06/01/29 

140,000

129,564

2.182%

due

06/01/28 

650,000

616,494

2.525%

due

11/19/41 

100,000

73,833

2.545%

due

11/08/32 

375,000

329,988

2.580%

due

04/22/32 

75,000

66,921

2.739%

due

10/15/30 

75,000

69,500

2.947%

due

02/24/28 

60,000

58,201

2.956%

due

05/13/31 

65,000

59,802

2.963%

due

01/25/33 

100,000

90,026

3.109%

due

04/22/51 

250,000

184,873

3.157%

due

04/22/42 

300,000

240,863

3.200%

due

06/15/26 

100,000

98,581

3.328%

due

04/22/52 

70,000

54,007

3.509%

due

01/23/29 

185,000

180,708

3.540%

due

05/01/28 

100,000

98,208

3.702%

due

05/06/30 

150,000

145,932

3.882%

due

07/24/38 

150,000

137,105

3.964%

due

11/15/48 

100,000

86,425

4.032%

due

07/24/48 

150,000

131,068

4.452%

due

12/05/29 

150,000

150,728

4.851%

due

07/25/28 

500,000

508,819

4.912%

due

07/25/33 

500,000

510,854

4.979%

due

07/22/28 

45,000

45,885

4.995%

due

07/22/30 

100,000

102,846

5.012%

due

01/23/30 

100,000

102,582

5.040%

due

01/23/28 

700,000

711,795

5.294%

due

07/22/35 

40,000

41,733

5.336%

due

01/23/35 

95,000

99,335

5.350%

due

06/01/34 

105,000

109,935

5.500%

due

10/15/40 

100,000

107,109

5.581%

due

04/22/30 

110,000

115,480

5.600%

due

07/15/41 

100,000

108,726

5.717%

due

09/14/33 

190,000

201,530

6.254%

due

10/23/34 

100,000

111,258

6.400%

due

05/15/38 

300,000

353,812

a

Principal

Amount

Value

JPMorgan

Chase

Bank

NA

5.110%

due

12/08/26 

$

350,000

$

357,976

KeyBank

NA

5.850%

due

11/15/27 

250,000

259,283

KeyCorp

4.150%

due

10/29/25 

30,000

29,852

Kilroy

Realty

LP

6.250%

due

01/15/36 

35,000

35,858

Kimco

Realty

OP

LLC

2.250%

due

12/01/31 

70,000

59,712

3.700%

due

10/01/49 

25,000

19,620

4.125%

due

12/01/46 

50,000

41,318

4.850%

due

03/01/35 

45,000

44,708

Kite

Realty

Group

LP

4.950%

due

12/15/31 

70,000

70,119

Kite

Realty

Group

Trust

4.750%

due

09/15/30 

25,000

25,017

Kreditanstalt

fuer

Wiederaufbau

(Germany) 

due

08/27/27 #

110,000

109,587

0.625%

due

01/22/26 

430,000

412,318

1.750%

due

09/14/29 

100,000

91,690

3.000%

due

05/20/27 

200,000

196,909

3.625%

due

04/01/26 

155,000

154,567

3.750%

due

02/15/28 

440,000

442,339

3.875%

due

06/15/28 

500,000

505,163

4.250%

due

06/29/37 

200,000

120,297

4.375%

due

03/01/27 

130,000

132,244

4.375%

due

02/28/34 

260,000

270,857

4.750%

due

10/29/30 

200,000

211,911

Landwirtschaftliche

Rentenbank

(Germany) 

0.875%

due

09/03/30 

200,000

170,320

1.750%

due

07/27/26 

100,000

96,465

5.000%

due

10/24/33 

250,000

271,355

Lazard

Group

LLC

3.625%

due

03/01/27 

50,000

48,957

4.375%

due

03/11/29 

50,000

49,595

Legg

Mason,

Inc.

4.750%

due

03/15/26 

50,000

50,373

Lincoln

National

Corp.

3.625%

due

12/12/26 

150,000

148,096

3.800%

due

03/01/28 

35,000

34,377

4.350%

due

03/01/48 

25,000

20,512

Lloyds

Banking

Group

PLC

(United

Kingdom) 

3.750%

due

03/18/28 

200,000

197,016

4.582%

due

12/10/25 

200,000

199,361

5.462%

due

01/05/28 

200,000

204,526

5.679%

due

01/05/35 

200,000

210,533

5.721%

due

06/05/30 

200,000

209,652

LPL

Holdings,

Inc.

6.000%

due

05/20/34 

100,000

104,578

LXP

Industrial

Trust

2.375%

due

10/01/31 

70,000

58,662

M&T

Bank

Corp.

4.553%

due

08/16/28 

65,000

65,106

Main

Street

Capital

Corp.

3.000%

due

07/14/26 

100,000

95,845

Manufacturers

&

Traders

Trust

Co.

4.650%

due

01/27/26 

300,000

299,859

Manulife

Financial

Corp.

(Canada) 

3.703%

due

03/16/32 

100,000

95,460

4.150%

due

03/04/26 

50,000

49,901

5.375%

due

03/04/46 

50,000

51,947

224

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Markel

Group,

Inc.

3.450%

due

05/07/52 

$

70,000

$

49,792

3.500%

due

11/01/27 

50,000

48,889

5.000%

due

05/20/49 

30,000

28,172

Marsh

&

McLennan

Cos.,

Inc.

2.375%

due

12/15/31 

45,000

39,406

3.750%

due

03/14/26 

100,000

99,385

4.200%

due

03/01/48 

100,000

87,181

4.375%

due

03/15/29 

70,000

70,762

5.400%

due

09/15/33 

100,000

106,390

5.750%

due

11/01/32 

100,000

108,629

Mastercard,

Inc.

1.900%

due

03/15/31 

100,000

87,810

2.000%

due

11/18/31 

200,000

172,973

2.950%

due

11/21/26 

50,000

49,080

2.950%

due

06/01/29 

50,000

47,929

2.950%

due

03/15/51 

45,000

32,087

3.650%

due

06/01/49 

50,000

41,081

3.800%

due

11/21/46 

50,000

42,676

3.950%

due

02/26/48 

15,000

13,118

MetLife,

Inc.

5.300%

due

12/15/34 

70,000

73,572

5.700%

due

06/15/35 

100,000

108,926

5.875%

due

02/06/41 

200,000

218,305

6.375%

due

06/15/34 

100,000

113,493

Mid-America

Apartments

LP

3.600%

due

06/01/27 

100,000

98,716

3.950%

due

03/15/29 

25,000

24,759

Mitsubishi

UFJ

Financial

Group,

Inc.

(Japan) 

1.640%

due

10/13/27 

200,000

189,732

2.048%

due

07/17/30 

200,000

176,051

3.677%

due

02/22/27 

100,000

99,130

3.850%

due

03/01/26 

200,000

198,850

3.961%

due

03/02/28 

50,000

49,774

4.050%

due

09/11/28 

150,000

149,660

5.258%

due

04/17/30 

200,000

206,913

5.426%

due

04/17/35 

200,000

210,346

5.441%

due

02/22/34 

200,000

210,823

5.475%

due

02/22/31 

200,000

209,925

Mizuho

Financial

Group,

Inc.

(Japan) 

2.201%

due

07/10/31 

200,000

175,982

3.261%

due

05/22/30 

200,000

190,166

3.663%

due

02/28/27 

200,000

197,377

5.754%

due

05/27/34 

250,000

266,882

5.778%

due

07/06/29 

200,000

209,264

Morgan

Stanley

1.512%

due

07/20/27 

100,000

95,126

1.593%

due

05/04/27 

145,000

138,795

1.794%

due

02/13/32 

65,000

55,039

2.239%

due

07/21/32 

100,000

86,125

2.475%

due

01/21/28 

170,000

163,304

2.484%

due

09/16/36 

100,000

83,706

2.802%

due

01/25/52 

400,000

276,356

2.943%

due

01/21/33 

135,000

120,627

3.125%

due

07/27/26 

70,000

68,786

3.217%

due

04/22/42 

55,000

44,383

3.591%

due

07/22/28 §

100,000

98,000

3.622%

due

04/01/31 

200,000

192,092

3.625%

due

01/20/27 

300,000

297,334

4.300%

due

01/27/45 

100,000

92,200

4.350%

due

09/08/26 

90,000

90,259

4.431%

due

01/23/30 

95,000

95,230

a

Principal

Amount

Value

4.457%

due

04/22/39 

$

150,000

$

143,856

5.042%

due

07/19/30 

45,000

46,254

5.050%

due

01/28/27 

560,000

565,340

5.123%

due

02/01/29 

250,000

256,372

5.164%

due

04/20/29 

155,000

159,367

5.173%

due

01/16/30 

120,000

123,732

5.250%

due

04/21/34 

180,000

185,972

5.320%

due

07/19/35 

65,000

67,523

5.449%

due

07/20/29 

145,000

150,710

5.597%

due

03/24/51 

100,000

109,601

5.656%

due

04/18/30 

165,000

173,604

5.942%

due

02/07/39 

235,000

246,827

5.948%

due

01/19/38 

300,000

314,603

6.342%

due

10/18/33 

325,000

361,537

6.407%

due

11/01/29 

145,000

155,851

7.250%

due

04/01/32 

100,000

118,813

Morgan

Stanley

Bank

NA

5.504%

due

05/26/28 

250,000

257,921

Nasdaq,

Inc.

1.650%

due

01/15/31 

150,000

127,479

2.500%

due

12/21/40 

150,000

106,714

National

Australia

Bank

Ltd.

(Australia) 

4.750%

due

12/10/25 

250,000

251,799

4.787%

due

01/10/29 

250,000

256,925

National

Bank

of

Canada

(Canada) 

5.600%

due

07/02/27 

250,000

255,164

NatWest

Group

PLC

(United

Kingdom) 

3.032%

due

11/28/35 

350,000

311,615

3.073%

due

05/22/28 

200,000

193,301

7.472%

due

11/10/26 

300,000

308,947

NNN

REIT,

Inc.

4.300%

due

10/15/28 

35,000

34,815

5.600%

due

10/15/33 

125,000

131,010

Nomura

Holdings,

Inc.

(Japan) 

1.653%

due

07/14/26 

100,000

95,278

2.329%

due

01/22/27 

300,000

285,547

Nordic

Investment

Bank

(Multi-National) 

0.500%

due

01/21/26 

300,000

286,944

4.250%

due

02/28/29 

200,000

204,863

Northern

Trust

Corp.

1.950%

due

05/01/30 

75,000

66,873

3.375%

due

05/08/32 

63,000

61,341

3.650%

due

08/03/28 

50,000

49,481

4.000%

due

05/10/27 

35,000

35,061

Oaktree

Specialty

Lending

Corp.

2.700%

due

01/15/27 

50,000

46,844

Oesterreichische

Kontrollbank

AG

(Austria) 

4.125%

due

01/18/29 

50,000

50,941

4.250%

due

03/01/28 

35,000

35,688

4.625%

due

11/03/25 

70,000

70,416

4.750%

due

05/21/27 

250,000

256,797

Old

Republic

International

Corp.

3.850%

due

06/11/51 

55,000

41,752

Omega

Healthcare

Investors,

Inc.

4.750%

due

01/15/28 

50,000

49,932

ORIX

Corp.

(Japan) 

3.700%

due

07/18/27 

50,000

49,124

4.000%

due

04/13/32 

100,000

95,400

Piedmont

Operating

Partnership

LP

2.750%

due

04/01/32 

35,000

28,406

9.250%

due

07/20/28 

200,000

223,927

PNC

Bank

NA

4.050%

due

07/26/28 

350,000

347,402

225

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

PNC

Financial

Services

Group,

Inc.

2.550%

due

01/22/30 

$

350,000

$

321,123

5.068%

due

01/24/34 

40,000

40,574

5.582%

due

06/12/29 

120,000

124,937

5.676%

due

01/22/35 

250,000

265,145

5.939%

due

08/18/34 

200,000

215,791

Principal

Financial

Group,

Inc.

3.700%

due

05/15/29 

25,000

24,424

4.625%

due

09/15/42 

100,000

93,770

5.375%

due

03/15/33 

30,000

31,329

Progressive

Corp.

2.500%

due

03/15/27 

40,000

38,595

3.000%

due

03/15/32 

50,000

45,873

3.700%

due

03/15/52 

175,000

141,053

4.000%

due

03/01/29 

25,000

24,954

4.125%

due

04/15/47 

100,000

88,333

Prologis

LP

1.250%

due

10/15/30 

55,000

46,428

1.625%

due

03/15/31 

100,000

84,526

1.750%

due

02/01/31 

20,000

17,170

2.125%

due

04/15/27 

25,000

23,846

2.125%

due

10/15/50 

40,000

22,862

2.250%

due

04/15/30 

30,000

27,100

2.250%

due

01/15/32 

50,000

43,020

2.875%

due

11/15/29 

40,000

37,607

3.000%

due

04/15/50 

25,000

17,526

3.375%

due

12/15/27 

60,000

58,797

4.375%

due

02/01/29 

15,000

15,153

4.875%

due

06/15/28 

200,000

205,309

Prudential

Financial,

Inc.

1.500%

due

03/10/26 

20,000

19,299

2.100%

due

03/10/30 

15,000

13,555

3.000%

due

03/10/40 

25,000

19,816

3.700%

due

10/01/50 

175,000

161,784

3.700%

due

03/13/51 

150,000

118,856

3.935%

due

12/07/49 

132,000

109,290

4.350%

due

02/25/50 

50,000

44,458

6.625%

due

06/21/40 

50,000

57,555

Public

Storage

Operating

Co.

0.875%

due

02/15/26 

50,000

47,841

1.500%

due

11/09/26 

50,000

47,472

2.300%

due

05/01/31 

250,000

222,236

3.094%

due

09/15/27 

30,000

29,265

Radian

Group,

Inc.

6.200%

due

05/15/29 

30,000

31,364

Raymond

James

Financial,

Inc.

4.950%

due

07/15/46 

100,000

96,742

Realty

Income

Corp.

1.800%

due

03/15/33 

50,000

39,855

2.200%

due

06/15/28 

35,000

32,522

2.850%

due

12/15/32 

30,000

26,247

3.000%

due

01/15/27 

50,000

48,692

3.400%

due

01/15/30 

50,000

47,548

4.625%

due

11/01/25 

50,000

50,146

4.850%

due

03/15/30 

65,000

66,643

4.875%

due

06/01/26 

25,000

25,226

4.900%

due

07/15/33 

200,000

202,179

5.375%

due

09/01/54 

40,000

40,747

Regency

Centers

LP

3.600%

due

02/01/27 

30,000

29,530

3.700%

due

06/15/30 

35,000

33,690

4.400%

due

02/01/47 

35,000

30,751

a

Principal

Amount

Value

Regions

Financial

Corp.

1.800%

due

08/12/28 

$

300,000

$

271,030

Reinsurance

Group

of

America,

Inc.

3.950%

due

09/15/26 

60,000

59,668

6.000%

due

09/15/33 

50,000

53,618

RenaissanceRe

Finance,

Inc.

(Bermuda) 

3.450%

due

07/01/27 

30,000

29,419

Royal

Bank

of

Canada

(Canada) 

1.150%

due

07/14/26 

50,000

47,482

2.050%

due

01/21/27 

100,000

95,847

3.625%

due

05/04/27 

150,000

148,613

4.650%

due

01/27/26 

200,000

200,436

4.900%

due

01/12/28 

150,000

153,624

4.950%

due

02/01/29 

200,000

206,317

5.200%

due

07/20/26 

250,000

255,405

Santander

Holdings

USA,

Inc.

2.490%

due

01/06/28 

70,000

66,368

4.400%

due

07/13/27 

145,000

144,656

6.124%

due

05/31/27 

125,000

127,719

6.565%

due

06/12/29 

100,000

105,122

Santander

U.K.

Group

Holdings

PLC

(United

Kingdom) 

2.896%

due

03/15/32 

200,000

177,709

4.858%

due

09/11/30 

200,000

201,659

Simon

Property

Group

LP

1.375%

due

01/15/27 

300,000

282,460

2.450%

due

09/13/29 

100,000

91,969

2.650%

due

07/15/30 

100,000

91,739

3.250%

due

11/30/26 

50,000

49,140

3.250%

due

09/13/49 

100,000

72,966

3.375%

due

06/15/27 

100,000

98,445

4.250%

due

11/30/46 

50,000

43,644

Sixth

Street

Lending

Partners

5.750%

due

01/15/30 ~

100,000

99,685

Store

Capital

LLC

4.500%

due

03/15/28 

150,000

147,248

Sumitomo

Mitsui

Financial

Group,

Inc.

(Japan) 

1.710%

due

01/12/31 

200,000

169,351

1.902%

due

09/17/28 

250,000

228,452

2.296%

due

01/12/41 

200,000

143,669

3.010%

due

10/19/26 

200,000

195,265

3.202%

due

09/17/29 

150,000

141,640

3.364%

due

07/12/27 

150,000

147,169

3.784%

due

03/09/26 

100,000

99,365

5.558%

due

07/09/34 

250,000

265,483

5.766%

due

01/13/33 

200,000

215,199

5.800%

due

07/13/28 

250,000

263,131

Sun

Communities

Operating

LP

2.300%

due

11/01/28 

65,000

59,340

5.700%

due

01/15/33 

100,000

103,161

Synchrony

Financial

3.700%

due

08/04/26 

50,000

49,098

3.950%

due

12/01/27 

100,000

97,119

5.935%

due

08/02/30 

35,000

35,973

Tanger

Properties

LP

3.875%

due

07/15/27 

50,000

48,947

Toronto-Dominion

Bank

(Canada) 

0.750%

due

01/06/26 

200,000

191,687

1.200%

due

06/03/26 

100,000

95,384

4.693%

due

09/15/27 

200,000

203,237

4.980%

due

04/05/27 

100,000

102,057

4.994%

due

04/05/29 

100,000

103,089

226

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

5.103%

due

01/09/26 

$

100,000

$

101,122

5.146%

due

09/10/34 

185,000

187,229

Travelers

Cos.,

Inc.

3.050%

due

06/08/51 

50,000

36,165

5.450%

due

05/25/53 

100,000

107,014

6.250%

due

06/15/37 

125,000

142,795

Travelers

Property

Casualty

Corp.

6.375%

due

03/15/33 

100,000

113,476

Truist

Financial

Corp.

1.125%

due

08/03/27 

100,000

91,918

1.267%

due

03/02/27 

120,000

114,454

1.887%

due

06/07/29 

125,000

114,381

1.950%

due

06/05/30 

135,000

118,529

4.873%

due

01/26/29 

40,000

40,436

4.916%

due

07/28/33 

100,000

98,096

5.435%

due

01/24/30 

110,000

113,882

5.867%

due

06/08/34 

200,000

212,697

7.161%

due

10/30/29 

55,000

60,297

U.S.

Bancorp

1.375%

due

07/22/30 

150,000

128,136

2.491%

due

11/03/36 

200,000

168,839

4.548%

due

07/22/28 

100,000

100,807

4.839%

due

02/01/34 

200,000

199,937

5.775%

due

06/12/29 

250,000

262,077

5.850%

due

10/21/33 

30,000

32,011

6.787%

due

10/26/27 

350,000

367,604

UBS

AG

(Switzerland) 

5.000%

due

07/09/27 

300,000

306,654

UDR,

Inc.

2.100%

due

06/15/33 

100,000

80,251

3.100%

due

11/01/34 

50,000

42,715

3.200%

due

01/15/30 

50,000

47,009

4.400%

due

01/26/29 

25,000

24,933

Unum

Group

4.000%

due

06/15/29 

70,000

68,661

4.125%

due

06/15/51 

100,000

78,996

Ventas

Realty

LP

3.000%

due

01/15/30 

50,000

46,334

3.250%

due

10/15/26 

100,000

97,695

4.000%

due

03/01/28 

50,000

49,369

4.125%

due

01/15/26 

31,000

30,862

5.000%

due

01/15/35 

150,000

150,322

Visa,

Inc.

1.100%

due

02/15/31 

200,000

167,630

1.900%

due

04/15/27 

250,000

238,917

2.050%

due

04/15/30 

300,000

271,675

3.650%

due

09/15/47 

25,000

20,900

4.150%

due

12/14/35 

30,000

29,558

4.300%

due

12/14/45 

100,000

93,234

Voya

Financial,

Inc.

3.650%

due

06/15/26 

50,000

49,391

4.800%

due

06/15/46 

30,000

27,382

5.000%

due

09/20/34 

30,000

29,856

W.R.

Berkley

Corp.

4.000%

due

05/12/50 

115,000

94,999

Wachovia

Corp.

5.500%

due

08/01/35 

200,000

208,405

Wells

Fargo

&

Co.

2.393%

due

06/02/28 

500,000

475,516

3.000%

due

04/22/26 

150,000

147,429

3.000%

due

10/23/26 

150,000

146,642

3.068%

due

04/30/41 

500,000

394,670

3.196%

due

06/17/27 

260,000

255,080

a

Principal

Amount

Value

3.526%

due

03/24/28 

$

355,000

$

348,351

4.150%

due

01/24/29 

200,000

199,455

4.478%

due

04/04/31 

200,000

200,310

4.808%

due

07/25/28 

65,000

65,774

4.897%

due

07/25/33 

65,000

65,767

5.013%

due

04/04/51 

250,000

245,295

5.198%

due

01/23/30 

140,000

144,363

5.389%

due

04/24/34 

330,000

342,437

5.499%

due

01/23/35 

140,000

146,814

5.557%

due

07/25/34 

160,000

167,935

5.574%

due

07/25/29 

365,000

379,834

5.606%

due

01/15/44 

100,000

103,396

5.707%

due

04/22/28 

350,000

361,465

6.491%

due

10/23/34 

180,000

201,214

Wells

Fargo

Bank

NA

5.450%

due

08/07/26 

250,000

256,108

6.600%

due

01/15/38 

100,000

115,539

Welltower

OP

LLC

2.050%

due

01/15/29 

60,000

54,780

2.750%

due

01/15/31 

145,000

131,284

2.750%

due

01/15/32 

50,000

44,403

2.800%

due

06/01/31 

100,000

90,315

4.125%

due

03/15/29 

100,000

99,316

Westpac

Banking

Corp.

(Australia) 

1.953%

due

11/20/28 

100,000

92,128

2.150%

due

06/03/31 

100,000

87,929

2.700%

due

08/19/26 

150,000

146,617

2.963%

due

11/16/40 

200,000

151,434

3.400%

due

01/25/28 

100,000

98,039

4.043%

due

08/26/27 

100,000

100,344

4.110%

due

07/24/34 

65,000

62,882

4.421%

due

07/24/39 

45,000

42,630

5.457%

due

11/18/27 

100,000

104,238

5.535%

due

11/17/28 

250,000

264,635

Weyerhaeuser

Co.

4.000%

due

11/15/29 

100,000

98,086

7.375%

due

03/15/32 

100,000

115,860

Willis

North

America,

Inc.

2.950%

due

09/15/29 

75,000

69,634

3.875%

due

09/15/49 

35,000

27,527

4.650%

due

06/15/27 

100,000

100,838

5.900%

due

03/05/54 

50,000

52,518

XL

Group

Ltd.

(Bermuda) 

5.250%

due

12/15/43 

50,000

49,481

114,542,730

Industrial

-

1.9%

3M

Co.

2.875%

due

10/15/27 

100,000

96,543

3.250%

due

08/26/49 

200,000

149,735

4.000%

due

09/14/48 

250,000

222,267

Allegion

U.S.

Holding

Co.,

Inc.

3.550%

due

10/01/27 

50,000

48,862

5.600%

due

05/29/34 

100,000

104,567

Amcor

Finance

USA,

Inc.

5.625%

due

05/26/33 

65,000

68,490

Amcor

Flexibles

North

America,

Inc.

2.690%

due

05/25/31 

65,000

57,518

Amphenol

Corp.

2.200%

due

09/15/31 

60,000

51,883

4.350%

due

06/01/29 

50,000

50,402

Arrow

Electronics,

Inc.

3.875%

due

01/12/28 

25,000

24,425

5.150%

due

08/21/29 

65,000

66,041

227

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

5.875%

due

04/10/34 

$

65,000

$

67,444

Avnet,

Inc.

4.625%

due

04/15/26 

25,000

24,996

6.250%

due

03/15/28 

100,000

105,174

Berry

Global,

Inc.

1.570%

due

01/15/26 

200,000

192,517

Boeing

Co.

2.196%

due

02/04/26 

500,000

481,682

2.750%

due

02/01/26 

50,000

48,547

2.950%

due

02/01/30 

100,000

89,436

3.200%

due

03/01/29 

200,000

185,194

3.250%

due

02/01/28 

50,000

47,389

3.250%

due

03/01/28 

25,000

23,582

3.550%

due

03/01/38 

15,000

11,660

3.625%

due

02/01/31 

30,000

27,493

3.625%

due

03/01/48 

10,000

6,912

3.750%

due

02/01/50 

100,000

70,356

3.825%

due

03/01/59 

50,000

33,939

3.850%

due

11/01/48 

35,000

24,882

5.150%

due

05/01/30 

150,000

150,411

5.705%

due

05/01/40 

200,000

195,268

5.805%

due

05/01/50 

400,000

386,699

5.875%

due

02/15/40 

50,000

49,816

5.930%

due

05/01/60 

150,000

143,820

6.528%

due

05/01/34 ~

65,000

69,787

7.008%

due

05/01/64 ~

100,000

110,256

Burlington

Northern

Santa

Fe

LLC

3.050%

due

02/15/51 

200,000

144,335

3.300%

due

09/15/51 

200,000

151,516

3.550%

due

02/15/50 

150,000

119,928

4.125%

due

06/15/47 

50,000

44,037

4.450%

due

01/15/53 

300,000

278,231

4.700%

due

09/01/45 

50,000

47,995

5.200%

due

04/15/54 

60,000

62,110

5.750%

due

05/01/40 

100,000

109,474

Canadian

National

Railway

Co.

(Canada) 

3.850%

due

08/05/32 

100,000

96,646

4.375%

due

09/18/34 

90,000

89,341

6.200%

due

06/01/36 

50,000

56,789

Canadian

Pacific

Railway

Co.

(Canada) 

2.450%

due

12/02/31 

200,000

176,272

3.100%

due

12/02/51 

200,000

142,992

4.000%

due

06/01/28 

35,000

34,834

4.800%

due

09/15/35 

20,000

20,022

4.950%

due

08/15/45 

100,000

97,407

6.125%

due

09/15/15 

30,000

33,085

Carlisle

Cos.,

Inc.

2.200%

due

03/01/32 

100,000

84,683

3.750%

due

12/01/27 

50,000

49,183

Carrier

Global

Corp.

2.493%

due

02/15/27 

35,000

33,831

2.722%

due

02/15/30 

50,000

46,240

3.377%

due

04/05/40 

15,000

12,399

3.577%

due

04/05/50 

150,000

118,350

5.900%

due

03/15/34 

65,000

70,987

Caterpillar

Financial

Services

Corp.

0.800%

due

11/13/25 

60,000

57,880

0.900%

due

03/02/26 

200,000

191,888

4.350%

due

05/15/26 

302,000

303,889

4.850%

due

02/27/29 

200,000

207,016

Caterpillar,

Inc.

3.250%

due

09/19/49 

100,000

76,870

3.803%

due

08/15/42 

100,000

87,880

a

Principal

Amount

Value

CNH

Industrial

Capital

LLC

1.450%

due

07/15/26 

$

100,000

$

95,130

CNH

Industrial

NV

3.850%

due

11/15/27 

35,000

34,653

CSX

Corp.

3.250%

due

06/01/27 

250,000

245,488

4.100%

due

11/15/32 

100,000

98,422

4.500%

due

03/15/49 

65,000

60,249

4.650%

due

03/01/68 

45,000

41,265

5.200%

due

11/15/33 

250,000

263,765

5.500%

due

04/15/41 

75,000

79,171

Deere

&

Co.

2.875%

due

09/07/49 

15,000

10,876

3.900%

due

06/09/42 

100,000

89,611

Dover

Corp.

5.375%

due

03/01/41 

50,000

51,547

Eagle

Materials,

Inc.

2.500%

due

07/01/31 

50,000

44,227

Eaton

Corp.

4.000%

due

11/02/32 

100,000

98,495

4.150%

due

03/15/33 

55,000

54,337

Emerson

Electric

Co.

0.875%

due

10/15/26 

35,000

32,966

2.200%

due

12/21/31 

100,000

87,856

FedEx

Corp.

3.100%

due

08/05/29 

50,000

47,559

3.875%

due

08/01/42 

100,000

83,552

4.200%

due

10/17/28 

100,000

100,194

4.400%

due

01/15/47 

50,000

43,701

4.750%

due

11/15/45 

50,000

45,980

5.250%

due

05/15/50 

350,000

345,491

Flex

Ltd.

3.750%

due

02/01/26 

50,000

49,456

4.875%

due

06/15/29 

25,000

25,019

Fortive

Corp.

4.300%

due

06/15/46 

125,000

110,523

Fortune

Brands

Innovations,

Inc.

5.875%

due

06/01/33 

125,000

134,249

GATX

Corp.

4.550%

due

11/07/28 

25,000

25,157

5.450%

due

09/15/33 

100,000

103,544

6.050%

due

03/15/34 

75,000

80,859

GE

Capital

International

Funding

Co.

Unlimited

Co.

4.418%

due

11/15/35 

350,000

342,526

General

Dynamics

Corp.

2.250%

due

06/01/31 

5,000

4,442

2.850%

due

06/01/41 

10,000

7,735

3.750%

due

05/15/28 

180,000

178,817

4.250%

due

04/01/50 

200,000

180,877

Honeywell

International,

Inc.

2.500%

due

11/01/26 

100,000

97,435

2.700%

due

08/15/29 

60,000

56,721

4.500%

due

01/15/34 

350,000

353,254

4.875%

due

09/01/29 

100,000

103,678

5.000%

due

03/01/35 

100,000

104,132

Howmet

Aerospace,

Inc.

4.850%

due

10/15/31 

50,000

51,069

Hubbell,

Inc.

3.350%

due

03/01/26 

50,000

49,260

Huntington

Ingalls

Industries,

Inc.

2.043%

due

08/16/28 

50,000

45,917

228

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

IDEX

Corp.

2.625%

due

06/15/31 

$

100,000

$

88,626

3.000%

due

05/01/30 

15,000

13,901

Illinois

Tool

Works,

Inc.

4.875%

due

09/15/41 

100,000

100,290

Ingersoll

Rand,

Inc.

5.450%

due

06/15/34 

105,000

110,544

Jabil,

Inc.

1.700%

due

04/15/26 

65,000

62,283

3.950%

due

01/12/28 

55,000

54,044

Jacobs

Engineering

Group,

Inc.

6.350%

due

08/18/28 

200,000

212,923

John

Deere

Capital

Corp.

1.750%

due

03/09/27 

50,000

47,473

2.000%

due

06/17/31 

100,000

87,448

2.350%

due

03/08/27 

50,000

48,161

2.650%

due

06/10/26 

100,000

97,875

2.800%

due

09/08/27 

50,000

48,431

3.900%

due

06/07/32 

20,000

19,540

4.150%

due

09/15/27 

100,000

100,788

4.400%

due

09/08/31 

100,000

100,736

4.800%

due

01/09/26 

65,000

65,622

4.850%

due

03/05/27 

100,000

102,064

4.950%

due

07/14/28 

210,000

217,035

5.150%

due

09/08/26 

100,000

102,393

5.150%

due

09/08/33 

100,000

105,663

Johnson

Controls

International

PLC

3.900%

due

02/14/26 

19,000

18,864

4.500%

due

02/15/47 

40,000

36,063

Johnson

Controls

International

PLC/Tyco

Fire

&

Security

Finance

SCA

1.750%

due

09/15/30 

15,000

13,014

4.900%

due

12/01/32 

40,000

40,864

Kennametal,

Inc.

4.625%

due

06/15/28 

50,000

50,199

L3Harris

Technologies,

Inc.

2.900%

due

12/15/29 

30,000

27,973

3.850%

due

12/15/26 

25,000

24,841

4.400%

due

06/15/28 

100,000

100,464

5.400%

due

07/31/33 

250,000

261,251

Lennox

International,

Inc.

5.500%

due

09/15/28 

100,000

104,286

Lockheed

Martin

Corp.

3.550%

due

01/15/26 

50,000

49,667

3.600%

due

03/01/35 

25,000

23,288

3.800%

due

03/01/45 

20,000

17,239

3.900%

due

06/15/32 

45,000

44,108

4.150%

due

06/15/53 

385,000

339,792

4.450%

due

05/15/28 

70,000

71,158

4.500%

due

05/15/36 

20,000

19,988

4.700%

due

05/15/46 

44,000

43,089

6.150%

due

09/01/36 

100,000

114,725

Martin

Marietta

Materials,

Inc.

2.500%

due

03/15/30 

65,000

59,359

3.450%

due

06/01/27 

21,000

20,617

Masco

Corp.

2.000%

due

02/15/31 

100,000

86,537

3.500%

due

11/15/27 

100,000

97,742

Mohawk

Industries,

Inc.

3.625%

due

05/15/30 

50,000

48,085

Norfolk

Southern

Corp.

2.300%

due

05/15/31 

250,000

221,609

3.155%

due

05/15/55 

20,000

13,878

a

Principal

Amount

Value

3.800%

due

08/01/28 

$

30,000

$

29,724

3.942%

due

11/01/47 

63,000

52,531

4.550%

due

06/01/53 

145,000

131,856

4.650%

due

01/15/46 

50,000

47,009

4.837%

due

10/01/41 

50,000

48,988

5.050%

due

08/01/30 

70,000

72,905

Northrop

Grumman

Corp.

3.250%

due

01/15/28 

350,000

340,190

3.850%

due

04/15/45 

100,000

84,623

4.700%

due

03/15/33 

210,000

213,215

nVent

Finance

SARL

(United

Kingdom) 

2.750%

due

11/15/31 

50,000

43,590

Oshkosh

Corp.

3.100%

due

03/01/30 

15,000

13,900

Otis

Worldwide

Corp.

2.293%

due

04/05/27 

20,000

19,130

3.112%

due

02/15/40 

50,000

40,227

3.362%

due

02/15/50 

30,000

22,740

5.250%

due

08/16/28 

135,000

139,959

Owens

Corning

3.875%

due

06/01/30 

150,000

144,846

5.700%

due

06/15/34 

45,000

47,801

Packaging

Corp.

of

America

3.400%

due

12/15/27 

35,000

34,149

Parker-Hannifin

Corp.

3.250%

due

06/14/29 

300,000

288,065

4.000%

due

06/14/49 

20,000

17,041

6.250%

due

05/15/38 

100,000

114,037

Precision

Castparts

Corp.

4.375%

due

06/15/45 

50,000

46,136

Regal

Rexnord

Corp.

6.050%

due

04/15/28 

250,000

260,064

Republic

Services,

Inc.

3.375%

due

11/15/27 

120,000

117,659

3.950%

due

05/15/28 

100,000

99,505

5.000%

due

11/15/29 

100,000

103,614

5.200%

due

11/15/34 

100,000

104,464

RTX

Corp.

2.250%

due

07/01/30 

100,000

89,826

3.030%

due

03/15/52 

250,000

174,871

3.125%

due

07/01/50 

100,000

71,694

3.750%

due

11/01/46 

50,000

40,874

4.125%

due

11/16/28 

60,000

59,865

4.350%

due

04/15/47 

200,000

177,695

4.450%

due

11/16/38 

20,000

19,064

4.500%

due

06/01/42 

300,000

279,246

4.625%

due

11/16/48 

35,000

32,393

5.375%

due

02/27/53 

100,000

102,852

6.000%

due

03/15/31 

500,000

543,988

Ryder

System,

Inc.

1.750%

due

09/01/26 

65,000

61,854

4.300%

due

06/15/27 

75,000

75,085

5.250%

due

06/01/28 

200,000

206,514

Snap-on,

Inc.

3.100%

due

05/01/50 

35,000

25,238

Sonoco

Products

Co.

4.600%

due

09/01/29 

125,000

124,431

Stanley

Black

&

Decker,

Inc.

2.750%

due

11/15/50 

50,000

31,646

4.250%

due

11/15/28 

100,000

99,896

6.272%

due

03/06/26 

100,000

100,044

TD

SYNNEX

Corp.

6.100%

due

04/12/34 

50,000

52,935

229

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Teledyne

Technologies,

Inc.

2.750%

due

04/01/31 

$

200,000

$

179,701

Textron,

Inc.

3.650%

due

03/15/27 

100,000

98,548

4.000%

due

03/15/26 

25,000

24,876

Trane

Technologies

Financing

Ltd.

3.800%

due

03/21/29 

100,000

98,624

5.250%

due

03/03/33 

45,000

47,309

Trimble,

Inc.

4.900%

due

06/15/28 

50,000

50,747

Tyco

Electronics

Group

SA

2.500%

due

02/04/32 

45,000

39,915

4.500%

due

02/13/26 

60,000

60,337

Union

Pacific

Corp.

2.375%

due

05/20/31 

40,000

35,902

2.750%

due

03/01/26 

25,000

24,546

2.891%

due

04/06/36 

125,000

107,639

2.973%

due

09/16/62 

25,000

16,170

3.000%

due

04/15/27 

100,000

97,713

3.200%

due

05/20/41 

370,000

299,988

3.350%

due

08/15/46 

50,000

39,125

3.550%

due

05/20/61 

100,000

74,181

3.600%

due

09/15/37 

20,000

17,962

3.799%

due

04/06/71 

30,000

23,129

4.750%

due

02/21/26 

125,000

125,986

4.950%

due

05/15/53 

200,000

200,764

United

Parcel

Service,

Inc.

3.400%

due

11/15/46 

200,000

159,114

4.875%

due

03/03/33 

260,000

269,199

5.150%

due

05/22/34 

125,000

131,442

6.200%

due

01/15/38 

50,000

57,234

Veralto

Corp.

5.350%

due

09/18/28 

300,000

312,543

Vulcan

Materials

Co.

4.500%

due

06/15/47 

100,000

89,989

Waste

Connections,

Inc.

3.500%

due

05/01/29 

100,000

97,401

4.200%

due

01/15/33 

70,000

68,084

Waste

Management,

Inc.

0.750%

due

11/15/25 

206,000

198,260

2.950%

due

06/01/41 

35,000

27,364

3.150%

due

11/15/27 

100,000

97,742

4.625%

due

02/15/33 

200,000

203,643

Westinghouse

Air

Brake

Technologies

Corp.

4.700%

due

09/15/28 

100,000

101,297

WRKCo,

Inc.

4.000%

due

03/15/28 

100,000

98,830

4.200%

due

06/01/32 

50,000

48,814

Xylem,

Inc.

3.250%

due

11/01/26 

30,000

29,396

4.375%

due

11/01/46 

25,000

22,552

23,151,893

Technology

-

1.7%

Adobe,

Inc.

4.800%

due

04/04/29 

100,000

103,347

4.850%

due

04/04/27 

45,000

46,091

4.950%

due

04/04/34 

100,000

104,316

Analog

Devices,

Inc.

2.100%

due

10/01/31 

60,000

52,265

2.800%

due

10/01/41 

50,000

37,920

2.950%

due

10/01/51 

55,000

38,856

3.450%

due

06/15/27 

100,000

98,637

3.500%

due

12/05/26 

100,000

99,187

a

Principal

Amount

Value

Apple,

Inc.

0.700%

due

02/08/26 

$

400,000

$

383,598

1.400%

due

08/05/28 

100,000

91,770

1.650%

due

05/11/30 

160,000

142,032

1.650%

due

02/08/31 

200,000

174,873

1.700%

due

08/05/31 

100,000

86,734

2.050%

due

09/11/26 

100,000

96,821

2.200%

due

09/11/29 

100,000

92,723

2.650%

due

05/11/50 

100,000

69,103

2.650%

due

02/08/51 

450,000

309,779

2.700%

due

08/05/51 

100,000

68,947

2.850%

due

08/05/61 

100,000

67,833

2.950%

due

09/11/49 

65,000

48,169

3.000%

due

11/13/27 

100,000

98,005

3.350%

due

02/09/27 

200,000

198,211

3.750%

due

09/12/47 

75,000

64,692

3.750%

due

11/13/47 

50,000

43,189

3.850%

due

08/04/46 

35,000

30,824

3.950%

due

08/08/52 

500,000

441,006

4.250%

due

02/09/47 

100,000

94,149

4.300%

due

05/10/33 

250,000

257,924

4.500%

due

02/23/36 

50,000

51,763

Applied

Materials,

Inc.

1.750%

due

06/01/30 

30,000

26,357

3.900%

due

10/01/25 

35,000

34,871

4.350%

due

04/01/47 

45,000

42,038

4.800%

due

06/15/29 

65,000

67,038

5.100%

due

10/01/35 

35,000

37,156

Autodesk,

Inc.

2.400%

due

12/15/31 

80,000

70,136

2.850%

due

01/15/30 

55,000

51,127

Broadcom,

Inc.

due

02/15/30 #

50,000

49,916

due

10/15/34 #

80,000

79,965

2.450%

due

02/15/31 ~

200,000

177,293

3.419%

due

04/15/33 ~

250,000

227,233

3.459%

due

09/15/26 

26,000

25,663

3.500%

due

02/15/41 ~

315,000

259,226

3.750%

due

02/15/51 ~

140,000

111,383

4.110%

due

09/15/28 

211,000

210,513

4.150%

due

04/15/32 ~

40,000

38,820

4.300%

due

11/15/32 

200,000

196,514

4.750%

due

04/15/29 

150,000

152,424

5.000%

due

04/15/30 

200,000

206,926

5.050%

due

07/12/29 

90,000

92,743

Broadridge

Financial

Solutions,

Inc.

3.400%

due

06/27/26 

50,000

49,243

CDW

LLC/CDW

Finance

Corp.

3.569%

due

12/01/31 

250,000

228,975

Dell

International

LLC/EMC

Corp.

3.375%

due

12/15/41 

500,000

393,109

4.900%

due

10/01/26 

100,000

101,091

5.300%

due

10/01/29 

100,000

104,192

8.100%

due

07/15/36 

27,000

33,644

8.350%

due

07/15/46 

13,000

17,593

Electronic

Arts,

Inc.

1.850%

due

02/15/31 

30,000

25,770

2.950%

due

02/15/51 

20,000

13,821

4.800%

due

03/01/26 

50,000

50,316

Fidelity

National

Information

Services,

Inc.

1.150%

due

03/01/26 

350,000

334,680

1.650%

due

03/01/28 

20,000

18,300

3.100%

due

03/01/41 

10,000

7,711

230

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Fiserv,

Inc.

2.250%

due

06/01/27 

$

100,000

$

95,166

2.650%

due

06/01/30 

100,000

91,148

3.200%

due

07/01/26 

25,000

24,552

3.500%

due

07/01/29 

245,000

236,790

4.400%

due

07/01/49 

40,000

35,387

5.450%

due

03/15/34 

100,000

104,572

5.625%

due

08/21/33 

100,000

105,968

Genpact

Luxembourg

SARL/Genpact

USA,

Inc.

6.000%

due

06/04/29 

50,000

52,387

Hewlett

Packard

Enterprise

Co.

4.400%

due

09/25/27 

45,000

45,057

4.900%

due

10/15/25 

250,000

250,271

5.000%

due

10/15/34 

70,000

69,330

6.200%

due

10/15/35 

50,000

54,627

6.350%

due

10/15/45 

50,000

54,936

HP,

Inc.

2.650%

due

06/17/31 

100,000

88,462

4.000%

due

04/15/29 

100,000

98,410

4.200%

due

04/15/32 

100,000

96,976

4.750%

due

01/15/28 

100,000

101,816

6.000%

due

09/15/41 

55,000

59,099

Intel

Corp.

1.600%

due

08/12/28 

25,000

22,360

2.000%

due

08/12/31 

50,000

41,784

2.450%

due

11/15/29 

150,000

135,058

2.600%

due

05/19/26 

100,000

97,080

2.800%

due

08/12/41 

40,000

27,850

3.050%

due

08/12/51 

20,000

12,822

3.200%

due

08/12/61 

25,000

15,335

3.250%

due

11/15/49 

500,000

336,579

4.150%

due

08/05/32 

100,000

95,355

4.875%

due

02/10/26 

200,000

201,082

4.875%

due

02/10/28 

75,000

75,806

4.900%

due

08/05/52 

100,000

87,788

5.200%

due

02/10/33 

315,000

319,288

5.625%

due

02/10/43 

50,000

49,728

5.700%

due

02/10/53 

35,000

34,505

5.900%

due

02/10/63 

250,000

251,160

International

Business

Machines

Corp.

2.850%

due

05/15/40 

100,000

77,077

3.300%

due

05/15/26 

300,000

296,084

3.500%

due

05/15/29 

170,000

165,289

4.150%

due

05/15/39 

100,000

92,159

4.250%

due

05/15/49 

300,000

263,317

4.500%

due

02/06/26 

250,000

251,237

5.100%

due

02/06/53 

200,000

201,770

5.600%

due

11/30/39 

26,000

28,019

Intuit,

Inc.

1.650%

due

07/15/30 

15,000

13,075

5.200%

due

09/15/33 

150,000

158,286

KLA

Corp.

4.650%

due

07/15/32 

60,000

61,424

4.700%

due

02/01/34 

200,000

204,185

4.950%

due

07/15/52 

100,000

99,439

Kyndryl

Holdings,

Inc.

6.350%

due

02/20/34 

70,000

74,865

Lam

Research

Corp.

4.000%

due

03/15/29 

55,000

54,970

4.875%

due

03/15/49 

25,000

24,477

Leidos,

Inc.

2.300%

due

02/15/31 

55,000

47,822

a

Principal

Amount

Value

5.750%

due

03/15/33 

$

45,000

$

47,368

Micron

Technology,

Inc.

2.703%

due

04/15/32 

20,000

17,478

3.366%

due

11/01/41 

15,000

11,644

3.477%

due

11/01/51 

25,000

18,326

5.875%

due

09/15/33 

100,000

107,015

6.750%

due

11/01/29 

250,000

274,761

Microsoft

Corp.

1.350%

due

09/15/30 

35,000

30,486

2.400%

due

08/08/26 

250,000

243,895

2.500%

due

09/15/50 

100,000

67,844

2.675%

due

06/01/60 

166,000

109,516

2.921%

due

03/17/52 

278,000

204,302

3.125%

due

11/03/25 

100,000

99,084

3.300%

due

02/06/27 

300,000

297,357

3.400%

due

09/15/26 

50,000

49,652

3.450%

due

08/08/36 

72,000

67,164

3.700%

due

08/08/46 

500,000

444,462

NVIDIA

Corp.

2.000%

due

06/15/31 

100,000

88,425

3.500%

due

04/01/50 

200,000

164,356

NXP

BV/NXP

Funding

LLC/NXP

USA,

Inc.

(China) 

2.500%

due

05/11/31 

100,000

87,663

3.250%

due

05/11/41 

60,000

46,854

4.300%

due

06/18/29 

150,000

149,296

4.400%

due

06/01/27 

40,000

40,123

5.000%

due

01/15/33 

50,000

50,614

Oracle

Corp.

2.300%

due

03/25/28 

70,000

65,760

2.800%

due

04/01/27 

500,000

484,220

2.875%

due

03/25/31 

75,000

68,267

3.250%

due

11/15/27 

350,000

340,825

3.650%

due

03/25/41 

80,000

66,182

3.850%

due

07/15/36 

50,000

45,238

3.900%

due

05/15/35 

105,000

97,102

3.950%

due

03/25/51 

120,000

96,649

4.000%

due

07/15/46 

250,000

207,526

4.100%

due

03/25/61 

95,000

74,791

4.300%

due

07/08/34 

100,000

96,821

4.375%

due

05/15/55 

200,000

170,835

4.700%

due

09/27/34 

200,000

199,556

5.375%

due

09/27/54 

200,000

200,026

5.550%

due

02/06/53 

500,000

512,110

6.125%

due

07/08/39 

100,000

110,518

6.250%

due

11/09/32 

200,000

221,371

6.500%

due

04/15/38 

100,000

113,817

QUALCOMM,

Inc.

3.250%

due

05/20/27 

50,000

49,216

4.250%

due

05/20/32 

20,000

19,998

4.300%

due

05/20/47 

30,000

27,315

4.500%

due

05/20/52 

45,000

41,468

4.800%

due

05/20/45 

150,000

146,961

Roper

Technologies,

Inc.

1.750%

due

02/15/31 

200,000

169,305

3.800%

due

12/15/26 

30,000

29,829

4.200%

due

09/15/28 

95,000

94,986

Salesforce,

Inc.

1.500%

due

07/15/28 

65,000

59,600

1.950%

due

07/15/31 

80,000

69,486

2.700%

due

07/15/41 

60,000

45,404

2.900%

due

07/15/51 

100,000

69,868

3.050%

due

07/15/61 

50,000

33,654

231

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

ServiceNow,

Inc.

1.400%

due

09/01/30 

$

65,000

$

55,794

Take-Two

Interactive

Software,

Inc.

5.000%

due

03/28/26 

250,000

252,460

Texas

Instruments,

Inc.

4.150%

due

05/15/48 

100,000

89,210

4.900%

due

03/14/33 

60,000

62,880

5.050%

due

05/18/63 

200,000

200,859

TSMC

Arizona

Corp.

(Taiwan) 

3.125%

due

10/25/41 

200,000

163,915

3.875%

due

04/22/27 

200,000

198,864

VMware

LLC

1.400%

due

08/15/26 

200,000

189,579

2.200%

due

08/15/31 

250,000

214,807

3.900%

due

08/21/27 

30,000

29,695

Western

Digital

Corp.

2.850%

due

02/01/29 

30,000

27,378

3.100%

due

02/01/32 

55,000

47,405

20,889,815

Utilities

-

2.4%

AEP

Texas,

Inc.

3.450%

due

05/15/51 

35,000

25,079

4.700%

due

05/15/32 

100,000

100,406

5.400%

due

06/01/33 

145,000

149,039

AEP

Transmission

Co.

LLC

4.250%

due

09/15/48 

35,000

30,592

AES

Corp.

1.375%

due

01/15/26 

75,000

71,996

2.450%

due

01/15/31 

100,000

86,647

Alabama

Power

Co.

3.125%

due

07/15/51 

100,000

71,468

4.150%

due

08/15/44 

90,000

78,829

4.300%

due

07/15/48 

15,000

13,340

Ameren

Illinois

Co.

3.800%

due

05/15/28 

50,000

49,500

3.850%

due

09/01/32 

50,000

47,867

4.150%

due

03/15/46 

50,000

43,761

5.550%

due

07/01/54 

100,000

107,701

American

Electric

Power

Co.,

Inc.

1.000%

due

11/01/25 

30,000

28,878

5.950%

due

11/01/32 

100,000

108,452

American

Water

Capital

Corp.

2.300%

due

06/01/31 

50,000

43,923

2.950%

due

09/01/27 

35,000

33,996

3.250%

due

06/01/51 

50,000

36,870

3.450%

due

06/01/29 

100,000

96,737

3.750%

due

09/01/47 

50,000

40,816

4.300%

due

12/01/42 

100,000

91,740

4.450%

due

06/01/32 

75,000

75,403

Appalachian

Power

Co.

3.700%

due

05/01/50 

150,000

113,628

7.000%

due

04/01/38 

150,000

177,665

Arizona

Public

Service

Co.

2.200%

due

12/15/31 

65,000

55,066

2.950%

due

09/15/27 

50,000

48,194

4.500%

due

04/01/42 

100,000

90,539

5.700%

due

08/15/34 

55,000

58,094

Atmos

Energy

Corp.

due

12/15/54 #

35,000

34,227

2.625%

due

09/15/29 

150,000

140,176

3.000%

due

06/15/27 

30,000

29,231

4.150%

due

01/15/43 

64,000

57,273

4.300%

due

10/01/48 

50,000

44,280

a

Principal

Amount

Value

Baltimore

Gas

&

Electric

Co.

2.900%

due

06/15/50 

$

30,000

$

20,643

3.200%

due

09/15/49 

70,000

50,541

3.750%

due

08/15/47 

50,000

40,775

Berkshire

Hathaway

Energy

Co.

3.250%

due

04/15/28 

30,000

29,227

3.800%

due

07/15/48 

25,000

19,953

4.250%

due

10/15/50 

200,000

171,091

4.450%

due

01/15/49 

50,000

44,430

6.125%

due

04/01/36 

99,000

109,398

Black

Hills

Corp.

3.150%

due

01/15/27 

50,000

48,681

4.350%

due

05/01/33 

30,000

28,789

5.950%

due

03/15/28 

100,000

104,982

CenterPoint

Energy

Houston

Electric

LLC

2.350%

due

04/01/31 

55,000

48,363

2.400%

due

09/01/26 

50,000

48,394

3.000%

due

02/01/27 

50,000

48,750

3.350%

due

04/01/51 

85,000

63,319

CenterPoint

Energy

Resources

Corp.

4.000%

due

04/01/28 

100,000

99,090

5.250%

due

03/01/28 

200,000

206,593

5.400%

due

07/01/34 

50,000

52,027

Commonwealth

Edison

Co.

3.150%

due

03/15/32 

35,000

31,998

3.700%

due

08/15/28 

20,000

19,745

3.750%

due

08/15/47 

50,000

40,680

3.800%

due

10/01/42 

100,000

84,959

4.900%

due

02/01/33 

45,000

46,222

5.300%

due

06/01/34 

55,000

57,958

5.650%

due

06/01/54 

65,000

69,962

Connecticut

Light

&

Power

Co.

0.750%

due

12/01/25 

150,000

144,288

4.150%

due

06/01/45 

25,000

22,056

4.900%

due

07/01/33 

100,000

102,584

4.950%

due

08/15/34 

65,000

66,862

Consolidated

Edison

Co.

of

New

York,

Inc.

2.400%

due

06/15/31 

50,000

44,575

3.600%

due

06/15/61 

50,000

37,456

3.950%

due

03/01/43 

100,000

85,854

3.950%

due

04/01/50 

250,000

214,241

4.000%

due

12/01/28 

100,000

99,908

4.125%

due

05/15/49 

50,000

42,600

4.300%

due

12/01/56 

50,000

43,752

4.500%

due

12/01/45 

100,000

91,564

5.375%

due

05/15/34 

80,000

84,907

5.700%

due

05/15/54 

100,000

108,382

6.150%

due

11/15/52 

70,000

80,092

Constellation

Energy

Generation

LLC

5.600%

due

03/01/28 

155,000

161,840

6.500%

due

10/01/53 

55,000

63,663

Consumers

Energy

Co.

3.250%

due

08/15/46 

50,000

39,016

3.600%

due

08/15/32 

65,000

61,604

3.800%

due

11/15/28 

100,000

98,755

4.350%

due

04/15/49 

100,000

90,421

4.600%

due

05/30/29 

85,000

86,764

Dominion

Energy

South

Carolina,

Inc.

4.600%

due

06/15/43 

100,000

93,052

5.300%

due

05/15/33 

50,000

52,422

5.450%

due

02/01/41 

50,000

51,988

Dominion

Energy,

Inc.

1.450%

due

04/15/26 

40,000

38,325

232

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

2.250%

due

08/15/31 

$

45,000

$

38,955

2.850%

due

08/15/26 

30,000

29,220

3.300%

due

04/15/41 

30,000

23,258

3.375%

due

04/01/30 

350,000

331,838

4.250%

due

06/01/28 

50,000

50,032

4.700%

due

12/01/44 

100,000

90,422

DTE

Electric

Co.

2.250%

due

03/01/30 

50,000

45,499

2.950%

due

03/01/50 

50,000

35,319

3.000%

due

03/01/32 

150,000

137,320

3.650%

due

03/01/52 

55,000

43,902

DTE

Energy

Co.

5.100%

due

03/01/29 

250,000

257,537

5.850%

due

06/01/34 

200,000

214,780

Duke

Energy

Carolinas

LLC

3.750%

due

06/01/45 

200,000

165,493

5.350%

due

01/15/53 

100,000

103,335

6.050%

due

04/15/38 

110,000

122,591

6.100%

due

06/01/37 

25,000

27,543

Duke

Energy

Corp.

2.450%

due

06/01/30 

160,000

144,423

2.550%

due

06/15/31 

100,000

88,432

3.150%

due

08/15/27 

50,000

48,595

3.300%

due

06/15/41 

100,000

78,856

3.500%

due

06/15/51 

100,000

73,966

3.950%

due

08/15/47 

50,000

40,665

4.200%

due

06/15/49 

65,000

54,522

4.500%

due

08/15/32 

180,000

178,082

5.450%

due

06/15/34 

90,000

93,983

5.750%

due

09/15/33 

200,000

215,232

Duke

Energy

Florida

LLC

2.500%

due

12/01/29 

50,000

46,304

5.950%

due

11/15/52 

40,000

44,291

Duke

Energy

Indiana

LLC

2.750%

due

04/01/50 

60,000

39,479

3.250%

due

10/01/49 

50,000

36,600

3.750%

due

05/15/46 

50,000

40,527

4.900%

due

07/15/43 

100,000

97,335

5.250%

due

03/01/34 

40,000

41,950

5.400%

due

04/01/53 

200,000

206,186

Duke

Energy

Ohio,

Inc.

2.125%

due

06/01/30 

35,000

31,264

5.550%

due

03/15/54 

155,000

162,222

Duke

Energy

Progress

LLC

3.700%

due

09/01/28 

100,000

98,729

5.100%

due

03/15/34 

100,000

104,362

Edison

International

5.750%

due

06/15/27 

10,000

10,323

El

Paso

Electric

Co.

5.000%

due

12/01/44 

50,000

45,862

Emera

U.S.

Finance

LP

(Canada) 

3.550%

due

06/15/26 

35,000

34,344

4.750%

due

06/15/46 

200,000

178,242

Enel

Chile

SA

(Chile) 

4.875%

due

06/12/28 

50,000

50,289

Entergy

Arkansas

LLC

3.500%

due

04/01/26 

50,000

49,545

4.200%

due

04/01/49 

50,000

42,992

Entergy

Corp.

2.800%

due

06/15/30 

100,000

91,418

2.950%

due

09/01/26 

30,000

29,292

Entergy

Louisiana

LLC

2.350%

due

06/15/32 

100,000

86,399

a

Principal

Amount

Value

3.100%

due

06/15/41 

$

400,000

$

306,473

3.250%

due

04/01/28 

50,000

48,445

4.200%

due

09/01/48 

50,000

42,978

4.950%

due

01/15/45 

40,000

38,352

Essential

Utilities,

Inc.

2.400%

due

05/01/31 

100,000

87,638

5.300%

due

05/01/52 

25,000

24,868

Evergy

Kansas

Central,

Inc.

3.100%

due

04/01/27 

50,000

48,796

4.100%

due

04/01/43 

100,000

86,707

5.700%

due

03/15/53 

65,000

68,688

Eversource

Energy

2.900%

due

03/01/27 

100,000

96,794

3.300%

due

01/15/28 

100,000

96,582

3.375%

due

03/01/32 

100,000

91,195

4.250%

due

04/01/29 

25,000

24,841

4.750%

due

05/15/26 

100,000

100,610

Exelon

Corp.

4.050%

due

04/15/30 

300,000

295,512

4.100%

due

03/15/52 

350,000

289,571

4.450%

due

04/15/46 

100,000

89,108

4.950%

due

06/15/35 

35,000

35,050

5.100%

due

06/15/45 

35,000

34,274

Florida

Power

&

Light

Co.

2.875%

due

12/04/51 

300,000

207,885

3.700%

due

12/01/47 

200,000

163,778

4.950%

due

06/01/35 

100,000

103,185

5.100%

due

04/01/33 

65,000

68,038

5.690%

due

03/01/40 

35,000

37,957

5.950%

due

02/01/38 

125,000

138,335

Georgia

Power

Co.

4.300%

due

03/15/42 

100,000

91,099

4.700%

due

05/15/32 

100,000

101,932

5.125%

due

05/15/52 

100,000

100,258

Idaho

Power

Co.

5.800%

due

04/01/54 

200,000

214,438

Indiana

Michigan

Power

Co.

3.250%

due

05/01/51 

60,000

43,089

4.250%

due

08/15/48 

25,000

21,342

Interstate

Power

&

Light

Co.

3.500%

due

09/30/49 

25,000

18,751

ITC

Holdings

Corp.

3.350%

due

11/15/27 

50,000

48,739

Kentucky

Utilities

Co.

4.375%

due

10/01/45 

40,000

35,740

Louisville

Gas

&

Electric

Co.

4.250%

due

04/01/49 

35,000

30,028

MidAmerican

Energy

Co.

3.650%

due

08/01/48 

100,000

80,504

5.350%

due

01/15/34 

75,000

79,659

6.750%

due

12/30/31 

100,000

115,627

Mississippi

Power

Co.

3.950%

due

03/30/28 

25,000

24,753

National

Fuel

Gas

Co.

3.950%

due

09/15/27 

50,000

49,153

National

Grid

PLC

(United

Kingdom) 

5.418%

due

01/11/34 

250,000

260,377

National

Rural

Utilities

Cooperative

Finance

Corp.

1.350%

due

03/15/31 

100,000

83,098

4.023%

due

11/01/32 

100,000

97,151

4.850%

due

02/07/29 

250,000

256,564

5.450%

due

10/30/25 

100,000

101,326

233

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

8.000%

due

03/01/32 

$

50,000

$

60,847

Nevada

Power

Co.

5.900%

due

05/01/53 

250,000

272,373

NextEra

Energy

Capital

Holdings,

Inc.

2.250%

due

06/01/30 

80,000

71,544

4.800%

due

12/01/77 

100,000

94,950

4.900%

due

03/15/29 

500,000

512,921

5.050%

due

02/28/33 

200,000

205,962

5.650%

due

05/01/79 

100,000

99,687

NiSource,

Inc.

3.490%

due

05/15/27 

50,000

49,129

3.950%

due

03/30/48 

50,000

41,053

4.800%

due

02/15/44 

100,000

93,881

5.250%

due

02/15/43 

100,000

99,565

Northern

States

Power

Co.

2.600%

due

06/01/51 

50,000

32,762

4.500%

due

06/01/52 

75,000

69,015

5.100%

due

05/15/53 

150,000

151,585

Oglethorpe

Power

Corp.

5.050%

due

10/01/48 

100,000

94,998

Ohio

Edison

Co.

6.875%

due

07/15/36 

150,000

175,084

Ohio

Power

Co.

1.625%

due

01/15/31 

65,000

54,635

5.650%

due

06/01/34 

200,000

211,506

Oklahoma

Gas

&

Electric

Co.

3.850%

due

08/15/47 

50,000

40,860

5.400%

due

01/15/33 

70,000

73,586

Oncor

Electric

Delivery

Co.

LLC

0.550%

due

10/01/25 

70,000

67,471

3.700%

due

11/15/28 

100,000

98,472

3.800%

due

09/30/47 

50,000

41,344

4.150%

due

06/01/32 

40,000

39,142

4.300%

due

05/15/28 

100,000

100,538

5.300%

due

06/01/42 

100,000

102,476

5.550%

due

06/15/54 ~

105,000

111,848

Pacific

Gas

&

Electric

Co.

2.500%

due

02/01/31 

100,000

87,649

3.300%

due

08/01/40 

250,000

194,304

3.500%

due

08/01/50 

45,000

32,618

4.400%

due

03/01/32 

100,000

97,416

4.550%

due

07/01/30 

300,000

297,801

4.950%

due

07/01/50 

200,000

182,000

5.900%

due

10/01/54 

25,000

25,922

6.150%

due

01/15/33 

45,000

48,338

6.400%

due

06/15/33 

200,000

218,688

6.700%

due

04/01/53 

105,000

120,329

6.750%

due

01/15/53 

100,000

114,101

PacifiCorp

2.900%

due

06/15/52 

80,000

51,796

3.500%

due

06/15/29 

35,000

33,858

4.125%

due

01/15/49 

70,000

58,133

5.350%

due

12/01/53 

300,000

297,148

PECO

Energy

Co.

2.800%

due

06/15/50 

45,000

30,740

3.000%

due

09/15/49 

55,000

39,100

3.150%

due

10/15/25 

50,000

49,440

3.900%

due

03/01/48 

60,000

50,412

PG&E

Wildfire

Recovery

Funding

LLC

4.451%

due

12/01/49 

450,000

417,181

4.722%

due

06/01/39 

50,000

50,417

Piedmont

Natural

Gas

Co.,

Inc.

3.350%

due

06/01/50 

225,000

163,001

a

Principal

Amount

Value

4.650%

due

08/01/43 

$

35,000

$

32,599

Potomac

Electric

Power

Co.

5.200%

due

03/15/34 

100,000

104,827

PPL

Electric

Utilities

Corp.

3.000%

due

10/01/49 

70,000

50,297

4.150%

due

10/01/45 

25,000

22,182

4.150%

due

06/15/48 

100,000

87,715

4.750%

due

07/15/43 

50,000

48,279

5.250%

due

05/15/53 

100,000

103,553

Progress

Energy,

Inc.

7.750%

due

03/01/31 

100,000

117,215

Public

Service

Co.

of

Colorado

1.875%

due

06/15/31 

200,000

170,388

2.700%

due

01/15/51 

100,000

65,001

3.700%

due

06/15/28 

50,000

49,328

3.800%

due

06/15/47 

50,000

39,975

5.250%

due

04/01/53 

115,000

116,135

Public

Service

Co.

of

New

Hampshire

2.200%

due

06/15/31 

30,000

26,154

Public

Service

Co.

of

Oklahoma

2.200%

due

08/15/31 

100,000

85,437

Public

Service

Electric

&

Gas

Co.

0.950%

due

03/15/26 

100,000

95,563

2.050%

due

08/01/50 

100,000

58,546

3.000%

due

03/01/51 

100,000

70,991

3.100%

due

03/15/32 

100,000

92,013

3.200%

due

08/01/49 

60,000

44,660

4.050%

due

05/01/48 

25,000

21,566

4.850%

due

08/01/34 

100,000

102,274

Public

Service

Enterprise

Group,

Inc.

2.450%

due

11/15/31 

100,000

87,698

5.200%

due

04/01/29 

55,000

57,036

5.450%

due

04/01/34 

55,000

57,313

6.125%

due

10/15/33 

100,000

109,004

Puget

Energy,

Inc.

4.224%

due

03/15/32 

70,000

65,903

Puget

Sound

Energy,

Inc.

2.893%

due

09/15/51 

55,000

36,686

5.330%

due

06/15/34 

115,000

120,695

5.795%

due

03/15/40 

25,000

26,342

San

Diego

Gas

&

Electric

Co.

1.700%

due

10/01/30 

95,000

82,244

3.750%

due

06/01/47 

50,000

40,760

4.100%

due

06/15/49 

100,000

84,700

4.150%

due

05/15/48 

25,000

21,521

Sempra

3.400%

due

02/01/28 

65,000

63,042

3.800%

due

02/01/38 

100,000

87,270

4.125%

due

04/01/52 

300,000

286,743

Sierra

Pacific

Power

Co.

5.900%

due

03/15/54 

50,000

54,828

Southern

California

Edison

Co.

2.250%

due

06/01/30 

120,000

107,324

2.850%

due

08/01/29 

75,000

70,457

2.950%

due

02/01/51 

120,000

82,310

3.650%

due

03/01/28 

50,000

48,975

3.650%

due

02/01/50 

70,000

54,542

3.900%

due

03/15/43 

50,000

41,886

4.125%

due

03/01/48 

10,000

8,452

4.500%

due

09/01/40 

50,000

46,695

5.300%

due

03/01/28 

200,000

206,960

5.750%

due

04/15/54 

350,000

374,756

234

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Southern

California

Gas

Co.

2.600%

due

06/15/26 

$

50,000

$

48,810

5.200%

due

06/01/33 

200,000

208,227

Southern

Co.

4.000%

due

01/15/51 

350,000

345,617

4.250%

due

07/01/36 

30,000

28,486

4.400%

due

07/01/46 

450,000

403,912

5.700%

due

10/15/32 

65,000

69,696

Southern

Co.

Gas

Capital

Corp.

4.950%

due

09/15/34 

250,000

252,728

Southwest

Gas

Corp.

3.800%

due

09/29/46 

50,000

40,088

4.050%

due

03/15/32 

60,000

57,097

Southwestern

Electric

Power

Co.

3.250%

due

11/01/51 

200,000

138,650

3.900%

due

04/01/45 

50,000

40,166

4.100%

due

09/15/28 

50,000

49,616

6.200%

due

03/15/40 

50,000

54,863

Southwestern

Public

Service

Co.

3.750%

due

06/15/49 

100,000

78,602

Spire

Missouri,

Inc.

4.800%

due

02/15/33 

60,000

61,108

Tampa

Electric

Co.

4.300%

due

06/15/48 

50,000

43,706

4.450%

due

06/15/49 

50,000

45,301

Tucson

Electric

Power

Co.

4.850%

due

12/01/48 

100,000

93,753

Union

Electric

Co.

2.625%

due

03/15/51 

200,000

129,961

3.900%

due

04/01/52 

30,000

24,775

5.250%

due

01/15/54 

155,000

157,400

8.450%

due

03/15/39 

100,000

134,644

Virginia

Electric

&

Power

Co.

2.300%

due

11/15/31 

100,000

87,293

2.400%

due

03/30/32 

50,000

43,648

2.950%

due

11/15/26 

50,000

48,910

3.150%

due

01/15/26 

35,000

34,582

3.750%

due

05/15/27 

80,000

79,406

3.800%

due

09/15/47 

50,000

40,678

4.000%

due

11/15/46 

20,000

16,763

5.000%

due

04/01/33 

200,000

204,986

8.875%

due

11/15/38 

25,000

34,541

Washington

Gas

Light

Co.

3.650%

due

09/15/49 

25,000

19,544

WEC

Energy

Group,

Inc.

2.200%

due

12/15/28 

100,000

92,374

4.750%

due

01/09/26 

250,000

251,149

4.750%

due

01/15/28 

50,000

50,806

Wisconsin

Electric

Power

Co.

4.300%

due

10/15/48 

10,000

8,900

Wisconsin

Power

&

Light

Co.

3.050%

due

10/15/27 

100,000

97,203

4.950%

due

04/01/33 

90,000

91,940

Xcel

Energy,

Inc.

4.000%

due

06/15/28 

50,000

49,406

4.600%

due

06/01/32 

35,000

34,692

5.450%

due

08/15/33 

200,000

207,779

28,414,269

Total

Corporate

Bonds

&

Notes

    (Cost

$332,279,480)

315,220,327

a

Principal

Amount

Value

MORTGAGE-BACKED

SECURITIES

-

26.8%

Collateralized

Mortgage

Obligations

-

Commercial

-

1.6%

Bank

1.844%

due

03/15/63 

$

131,250

$

113,321

1.997%

due

11/15/53 

250,000

211,204

2.470%

due

09/15/64 

500,000

439,267

2.649%

due

01/15/63 

200,000

181,181

2.920%

due

12/15/52 

200,000

184,920

3.175%

due

09/15/60 

200,000

193,928

3.625%

due

05/15/50 

500,000

486,949

BBCMS

Mortgage

Trust

2.299%

due

02/15/54 

300,000

264,018

2.639%

due

02/15/53 

200,000

182,079

3.662%

due

04/15/55 §

300,000

280,345

Benchmark

Mortgage

Trust

1.850%

due

09/15/53 

250,000

210,898

1.925%

due

07/15/53 

197,917

170,068

2.576%

due

11/15/54 

350,000

308,330

2.577%

due

04/15/54 

200,000

171,791

2.732%

due

02/15/53 

200,000

183,851

4.121%

due

07/15/51 §

200,000

197,586

5.754%

due

07/15/56 

181,000

195,984

CD

Mortgage

Trust

3.456%

due

11/13/50 

175,000

169,097

COMM

Mortgage

Trust

4.228%

due

05/10/51 

400,000

388,196

CSAIL

Commercial

Mortgage

Trust

3.458%

due

11/15/50 §

600,000

571,312

Federal

Home

Loan

Mortgage

Corp.

Multifamily

Structured

Pass-Through

Certificates

1.350%

due

05/25/30 

575,000

500,381

1.406%

due

08/25/30 

250,000

216,498

1.477%

due

04/25/30 

107,143

94,323

1.517%

due

03/25/30 

222,222

196,480

1.547%

due

10/25/30 

200,000

173,731

1.558%

due

04/25/30 

140,000

123,638

1.621%

due

12/25/30 

186,667

162,561

1.872%

due

01/25/30 

166,667

150,353

2.020%

due

03/25/31 

250,000

222,447

2.361%

due

10/25/36 

250,000

203,844

2.524%

due

10/25/29 

200,000

187,195

2.673%

due

03/25/26

-

09/25/29

800,000

775,839

2.745%

due

01/25/26 

400,000

392,588

2.862%

due

05/25/26 

484,070

474,742

3.208%

due

02/25/26 

372,717

367,901

3.303%

due

11/25/27 §

609,000

598,630

3.422%

due

02/25/29 

196,721

192,633

3.800%

due

10/25/32 §

350,000

342,113

3.926%

due

06/25/28 

100,000

99,987

3.990%

due

08/25/33 §

42,000

41,220

4.050%

due

07/25/33 

318,182

315,509

4.200%

due

05/25/33 

484,691

486,034

4.430%

due

02/25/33 §

70,370

71,732

5.355%

due

01/25/29 §

350,000

367,357

Federal

National

Mortgage

Association-ACES

1.270%

due

07/25/30 

200,000

171,875

1.511%

due

02/25/31 §

245,000

208,605

1.724%

due

10/25/31 §

250,000

212,229

1.745%

due

11/25/32 §

500,000

420,955

1.821%

due

02/25/30 

46,363

41,655

2.980%

due

08/25/29 

475,208

454,175

235

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

3.002%

due

01/25/28 §

$

443,891

$

431,032

3.061%

due

05/25/27 §

152,273

148,734

3.089%

due

12/25/27 §

123,241

119,921

3.750%

due

08/25/30 §

300,000

292,680

4.190%

due

07/25/28 §

334,445

335,973

GS

Mortgage

Securities

Trust

3.734%

due

11/10/48 

1,000,000

981,010

JPMBB

Commercial

Mortgage

Securities

Trust

4.274%

due

12/15/48 

600,000

577,938

JPMDB

Commercial

Mortgage

Securities

Trust

2.180%

due

05/13/53 

300,000

249,614

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3.720%

due

12/15/49 

570,000

558,226

Morgan

Stanley

Capital

I

Trust

2.728%

due

05/15/54 

250,000

224,689

3.596%

due

12/15/49 

400,000

387,721

Wells

Fargo

Commercial

Mortgage

Trust

2.626%

due

04/15/54 

250,000

220,541

2.652%

due

08/15/49 

350,000

335,214

3.453%

due

07/15/50 

500,000

486,087

4.184%

due

06/15/51 

200,000

197,655

18,918,590

Federal

Home

Loan

Mortgage

Corp.

-

6.7%

1.500%

due

02/01/37

-

05/01/51

3,978,026

3,319,880

2.000%

due

09/01/35

-

02/01/52

19,582,078

16,766,311

2.500%

due

08/01/28

-

04/01/52

23,317,312

20,481,928

3.000%

due

09/01/26

-

08/01/52

10,673,225

9,817,436

3.500%

due

03/01/26

-

05/01/50

6,751,542

6,421,420

4.000%

due

02/01/25

-

01/01/53

4,282,651

4,163,846

4.500%

due

11/01/24

-

05/01/53

4,567,579

4,531,808

5.000%

due

12/01/31

-

12/01/53

6,475,060

6,498,538

5.500%

due

04/01/34

-

03/01/54

2,574,222

2,612,634

6.000%

due

04/01/36

-

06/01/54

3,536,754

3,636,416

6.500%

due

08/01/37

-

12/01/53

1,994,606

2,078,353

80,328,570

Federal

National

Mortgage

Association

-

12.5%

1.500%

due

12/01/35

-

11/01/51

11,743,086

9,882,826

2.000%

due

11/01/35

-

04/01/52

55,893,851

47,122,586

2.500%

due

10/01/27

-

04/01/52

28,262,434

24,882,443

3.000%

due

02/01/27

-

04/01/52

18,481,744

16,991,641

3.500%

due

10/01/25

-

02/01/53

13,082,985

12,399,203

4.000%

due

10/01/24

-

05/01/53

11,083,266

10,773,454

4.500%

due

01/01/25

-

03/01/53

7,175,954

7,113,541

5.000%

due

03/01/25

-

06/01/53

3,387,802

3,414,228

5.500%

due

11/01/33

-

08/01/54

7,391,708

7,501,293

6.000%

due

09/01/34

-

05/01/54

4,871,442

4,996,200

6.500%

due

09/01/36

-

06/01/54

4,627,059

4,773,160

7.246%

(RFUCC

+

1.695%)

due

06/01/38 §

703

709

7.440%

(RFUCC

+

1.690%)

due

08/01/39 §

2,150

2,209

149,853,493

Government

National

Mortgage

Association

-

5.8%

2.000%

due

10/20/50

-

04/20/52

14,271,051

12,111,622

2.500%

due

01/20/43

-

04/20/52

14,298,695

12,634,559

3.000%

due

08/20/42

-

08/20/52

11,655,119

10,686,391

3.500%

due

10/15/41

-

10/20/52

8,900,532

8,447,628

4.000%

due

06/15/39

-

11/20/52

5,901,745

5,757,827

a

Principal

Amount

Value

4.500%

due

02/15/39

-

03/20/53

$

4,671,493

$

4,640,361

5.000%

due

05/15/36

-

10/20/54

5,190,419

5,218,339

5.500%

due

04/15/37

-

10/20/54

4,373,485

4,423,042

6.000%

due

01/15/38

-

10/20/54

3,145,729

3,204,525

6.500%

due

10/15/38

-

10/20/54

2,560,771

2,623,073

69,747,367

Uniform

Mortgage-Backed

Securities

-

0.2%

5.500%

due

10/01/54 

625,000

632,335

6.000%

due

10/01/54 

1,650,000

1,686,606

6.500%

due

10/01/54 

475,000

489,748

2,808,689

Total

Mortgage-Backed

Securities

    (Cost

$349,474,428)

321,656,709

ASSET-BACKED

SECURITIES

-

0.4%

Automobile

Other

-

0.0%

Santander

Drive

Auto

Receivables

Trust

3.760%

due

07/16/29 

300,000

296,728

World

Omni

Auto

Receivables

Trust

0.840%

due

09/15/27 

272,000

263,185

559,913

Automobile

Sequential

-

0.2%

Ally

Auto

Receivables

Trust

5.460%

due

05/15/28 

83,000

84,135

AmeriCredit

Automobile

Receivables

Trust

5.620%

due

11/18/27 

97,000

98,101

BMW

Vehicle

Owner

Trust

5.470%

due

02/25/28 

56,000

56,713

Capital

One

Prime

Auto

Receivables

Trust

4.870%

due

02/15/28 

175,000

175,941

CarMax

Auto

Owner

Trust

5.280%

due

05/15/28 

73,000

74,013

Ford

Credit

Auto

Owner

Trust

5.230%

due

05/15/28 

200,000

202,496

GM

Financial

Consumer

Automobile

Receivables

Trust

4.470%

due

02/16/28 

250,000

250,414

4.660%

due

02/16/28 

55,000

55,184

Hyundai

Auto

Receivables

Trust

4.990%

due

02/15/29 

300,000

305,255

5.480%

due

04/17/28 

44,000

44,685

Mercedes-Benz

Auto

Lease

Trust

5.320%

due

01/18/28 

71,000

72,603

Toyota

Auto

Receivables

Owner

Trust

4.710%

due

02/15/28 

250,000

251,381

Volkswagen

Auto

Loan

Enhanced

Trust

5.020%

due

06/20/28 

100,000

101,091

1,772,012

Credit

Card

Bullet

-

0.1%

BA

Credit

Card

Trust

4.930%

due

05/15/29 

350,000

358,419

Citibank

Credit

Card

Issuance

Trust

6.150%

due

06/15/39 

250,000

274,553

Discover

Card

Execution

Note

Trust

1.030%

due

09/15/28 

272,000

256,543

5.030%

due

10/15/27 

100,000

100,715

990,230

236

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Credit

Card

Other

-

0.0%

Capital

One

Multi-Asset

Execution

Trust

4.420%

due

05/15/28 

$

237,000

$

238,063

Other

Asset-Backed

Securities

-

0.1%

CNH

Equipment

Trust

4.770%

due

06/15/29 

300,000

304,227

John

Deere

Owner

Trust

4.960%

due

11/15/28 

37,000

37,649

5.180%

due

03/15/28 

83,000

84,012

Verizon

Master

Trust

5.160%

due

06/20/29 

125,000

127,017

5.340%

due

04/22/30 

300,000

308,745

861,650

Total

Asset-Backed

Securities

    (Cost

$4,430,485)

4,421,868

U.S.

GOVERNMENT

AGENCY

ISSUES

-

0.7%

Federal

Farm

Credit

Banks

Funding

Corp.

4.500%

due

08/14/26 

300,000

304,660

5.125%

due

10/10/25 

1,000,000

1,012,289

Federal

Home

Loan

Banks

1.250%

due

12/21/26 

300,000

284,529

3.250%

due

11/16/28 

1,000,000

988,770

3.625%

due

09/04/26 

250,000

249,789

4.750%

due

04/09/27 

1,470,000

1,511,001

5.500%

due

07/15/36 

100,000

113,823

Federal

Home

Loan

Mortgage

Corp.

6.250%

due

07/15/32 

475,000

554,560

Federal

National

Mortgage

Association

0.500%

due

11/07/25 

465,000

447,502

0.750%

due

10/08/27 

300,000

275,956

0.875%

due

08/05/30 

500,000

426,206

5.625%

due

07/15/37 

100,000

115,483

6.625%

due

11/15/30 

500,000

578,884

7.125%

due

01/15/30 

525,000

611,360

Tennessee

Valley

Authority

3.500%

due

12/15/42 

100,000

87,794

3.875%

due

03/15/28 

318,000

321,317

4.250%

due

09/15/65 

200,000

183,906

5.250%

due

09/15/39 

25,000

27,253

5.375%

due

04/01/56 

50,000

55,680

6.750%

due

11/01/25 

150,000

154,419

7.125%

due

05/01/30 

50,000

58,340

Total

U.S.

Government

Agency

Issues

    (Cost

$8,534,184)

8,363,521

U.S.

TREASURY

OBLIGATIONS

-

43.0%

U.S.

Treasury

Bonds

-

9.2%

1.125%

due

05/15/40 

1,750,000

1,156,811

1.125%

due

08/15/40 

3,700,000

2,425,090

1.250%

due

05/15/50 

1,850,000

990,473

1.375%

due

11/15/40 

3,000,000

2,036,953

1.375%

due

08/15/50 

3,600,000

1,984,219

1.625%

due

11/15/50 

3,100,000

1,824,035

1.750%

due

08/15/41 

2,750,000

1,950,942

1.875%

due

02/15/41 

4,100,000

3,008,295

1.875%

due

02/15/51 

3,100,000

1,943,252

1.875%

due

11/15/51 

5,400,000

3,365,508

a

Principal

Amount

Value

2.000%

due

11/15/41 

$

4,500,000

$

3,310,400

2.000%

due

02/15/50 

2,250,000

1,466,807

2.000%

due

08/15/51 

4,200,000

2,706,457

2.250%

due

05/15/41 

4,200,000

3,256,805

2.250%

due

08/15/46 

2,150,000

1,539,853

2.250%

due

08/15/49 

1,350,000

935,771

2.250%

due

02/15/52 

2,700,000

1,841,748

2.375%

due

02/15/42 

3,250,000

2,532,461

2.375%

due

11/15/49 

1,950,000

1,386,442

2.375%

due

05/15/51 

3,500,000

2,470,439

2.500%

due

02/15/45 

2,800,000

2,140,906

2.500%

due

02/15/46 

2,600,000

1,966,352

2.500%

due

05/15/46 

1,000,000

754,043

2.750%

due

08/15/42 

450,000

370,934

2.750%

due

11/15/42 

1,850,000

1,517,650

2.750%

due

11/15/47 

2,500,000

1,947,266

2.875%

due

08/15/45 

1,000,000

813,086

2.875%

due

05/15/49 

1,275,000

1,006,926

2.875%

due

05/15/52 

2,750,000

2,154,453

3.000%

due

05/15/42 

1,075,000

924,521

3.000%

due

05/15/45 

1,500,000

1,247,520

3.000%

due

02/15/47 

500,000

409,883

3.000%

due

05/15/47 

1,700,000

1,391,443

3.000%

due

02/15/48 

2,000,000

1,627,266

3.000%

due

08/15/48 

1,500,000

1,216,934

3.000%

due

02/15/49 

2,000,000

1,619,766

3.000%

due

08/15/52 

3,000,000

2,411,836

3.125%

due

11/15/41 

975,000

861,961

3.125%

due

02/15/43 

1,000,000

865,586

3.125%

due

08/15/44 

600,000

511,852

3.125%

due

05/15/48 

2,700,000

2,243,373

3.250%

due

05/15/42 

2,000,000

1,779,023

3.375%

due

08/15/42 

3,000,000

2,708,379

3.625%

due

08/15/43 

1,525,000

1,412,769

3.625%

due

02/15/44 

500,000

461,641

3.625%

due

02/15/53 

3,350,000

3,047,061

3.625%

due

05/15/53 

3,500,000

3,186,094

3.750%

due

08/15/41 

1,300,000

1,253,840

3.750%

due

11/15/43 

1,000,000

941,094

3.875%

due

02/15/43 

750,000

723,750

3.875%

due

05/15/43 

2,500,000

2,407,715

4.000%

due

11/15/52 

2,200,000

2,141,391

4.125%

due

08/15/53 

1,000,000

996,133

4.250%

due

11/15/40 

750,000

772,500

4.250%

due

02/15/54 

4,000,000

4,077,500

4.375%

due

05/15/40 

1,025,000

1,071,665

4.375%

due

05/15/41 

775,000

808,967

4.375%

due

08/15/43 

1,000,000

1,028,574

4.500%

due

02/15/36 

1,750,000

1,876,123

4.500%

due

05/15/38 

500,000

532,832

4.500%

due

08/15/39 

700,000

742,820

4.500%

due

02/15/44 

1,750,000

1,826,562

4.625%

due

05/15/54 

750,000

813,691

4.750%

due

02/15/41 

1,350,000

1,471,236

4.750%

due

11/15/43 

750,000

809,268

4.750%

due

11/15/53 

750,000

828,662

5.375%

due

02/15/31 

1,100,000

1,212,019

6.250%

due

05/15/30 

1,050,000

1,190,889

110,258,516

U.S.

Treasury

Notes

-

33.8%

0.250%

due

10/31/25 

4,000,000

3,845,781

0.375%

due

11/30/25 

2,500,000

2,401,660

0.375%

due

12/31/25 

2,500,000

2,395,605

237

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

0.375%

due

01/31/26 

$

4,000,000

$

3,823,281

0.500%

due

02/28/26 

3,500,000

3,343,525

0.500%

due

05/31/27 

3,500,000

3,228,408

0.500%

due

06/30/27 

1,000,000

920,156

0.500%

due

08/31/27 

2,500,000

2,289,355

0.500%

due

10/31/27 

2,000,000

1,822,031

0.625%

due

07/31/26 

3,250,000

3,075,947

0.625%

due

12/31/27 

3,000,000

2,731,875

0.625%

due

05/15/30 

3,350,000

2,845,472

0.625%

due

08/15/30 

3,400,000

2,866,027

0.750%

due

03/31/26 

2,500,000

2,391,309

0.750%

due

04/30/26 

2,500,000

2,386,328

0.750%

due

05/31/26 

3,000,000

2,857,852

0.750%

due

08/31/26 

3,000,000

2,839,980

0.750%

due

01/31/28 

2,500,000

2,280,029

0.875%

due

06/30/26 

4,500,000

4,287,744

0.875%

due

09/30/26 

2,950,000

2,794,664

0.875%

due

11/15/30 

4,250,000

3,617,895

1.000%

due

07/31/28 

2,000,000

1,816,680

1.125%

due

10/31/26 

5,000,000

4,749,707

1.125%

due

02/28/27 

750,000

707,490

1.125%

due

02/29/28 

2,750,000

2,535,586

1.125%

due

08/31/28 

2,750,000

2,505,508

1.125%

due

02/15/31 

3,500,000

3,010,615

1.250%

due

11/30/26 

5,000,000

4,755,469

1.250%

due

12/31/26 

3,500,000

3,324,043

1.250%

due

03/31/28 

4,000,000

3,697,109

1.250%

due

04/30/28 

2,500,000

2,305,957

1.250%

due

05/31/28 

3,000,000

2,761,816

1.250%

due

06/30/28 

1,500,000

1,378,535

1.250%

due

09/30/28 

3,000,000

2,741,895

1.250%

due

08/15/31 

5,500,000

4,697,988

1.375%

due

10/31/28 

4,000,000

3,667,578

1.375%

due

12/31/28 

2,400,000

2,194,031

1.375%

due

11/15/31 

5,500,000

4,711,094

1.500%

due

08/15/26 

3,200,000

3,075,750

1.500%

due

01/31/27 

3,500,000

3,336,279

1.500%

due

11/30/28 

2,500,000

2,300,391

1.500%

due

02/15/30 

3,250,000

2,918,906

1.625%

due

02/15/26 

1,900,000

1,845,264

1.625%

due

05/15/26 

1,300,000

1,257,496

1.625%

due

10/31/26 

3,000,000

2,880,000

1.625%

due

08/15/29 

2,000,000

1,829,648

1.625%

due

05/15/31 

6,000,000

5,290,430

1.750%

due

12/31/26 

2,500,000

2,401,074

1.750%

due

01/31/29 

1,500,000

1,390,840

1.875%

due

07/31/26 

1,000,000

968,359

1.875%

due

02/28/27 

3,000,000

2,881,523

1.875%

due

02/28/29 

2,000,000

1,862,383

1.875%

due

02/15/32 

3,500,000

3,091,621

2.000%

due

11/15/26 

1,000,000

966,953

2.125%

due

05/31/26 

3,000,000

2,924,062

2.250%

due

11/15/25 

2,200,000

2,161,070

2.250%

due

08/15/27 

4,200,000

4,049,227

2.250%

due

11/15/27 

2,300,000

2,210,740

2.375%

due

04/30/26 

1,000,000

979,336

2.375%

due

05/15/27 

2,750,000

2,667,017

2.375%

due

03/31/29 

2,675,000

2,541,929

2.375%

due

05/15/29 

1,000,000

949,277

2.500%

due

03/31/27 

2,500,000

2,436,133

2.625%

due

05/31/27 

2,500,000

2,439,453

2.625%

due

02/15/29 

2,750,000

2,644,619

2.625%

due

07/31/29 

2,000,000

1,915,586

a

Principal

Amount

Value

2.750%

due

04/30/27 

$

2,000,000

$

1,959,141

2.750%

due

07/31/27 

1,500,000

1,466,777

2.750%

due

02/15/28 

3,500,000

3,408,877

2.750%

due

05/31/29 

2,000,000

1,928,867

2.750%

due

08/15/32 

3,000,000

2,804,063

2.875%

due

05/15/28 

2,500,000

2,440,723

2.875%

due

08/15/28 

1,750,000

1,705,806

2.875%

due

04/30/29 

2,000,000

1,940,937

2.875%

due

05/15/32 

3,500,000

3,309,414

3.125%

due

08/31/27 

2,500,000

2,469,385

3.125%

due

11/15/28 

3,000,000

2,948,145

3.125%

due

08/31/29 

1,500,000

1,469,033

3.250%

due

06/30/27 

3,000,000

2,975,156

3.250%

due

06/30/29 

1,750,000

1,725,015

3.375%

due

05/15/33 

4,250,000

4,133,042

3.500%

due

09/30/26 

5,000,000

4,986,230

3.500%

due

01/31/28 

2,100,000

2,095,693

3.500%

due

04/30/28 

2,500,000

2,494,385

3.500%

due

09/30/29 

2,500,000

2,492,676

3.500%

due

01/31/30 

1,500,000

1,492,793

3.500%

due

04/30/30 

1,750,000

1,740,566

3.500%

due

02/15/33 

4,750,000

4,668,174

3.625%

due

05/15/26 

3,500,000

3,494,873

3.625%

due

03/31/28 

3,250,000

3,257,109

3.625%

due

05/31/28 

3,500,000

3,506,152

3.625%

due

08/31/29 

3,500,000

3,510,937

3.625%

due

03/31/30 

2,000,000

2,001,797

3.750%

due

08/31/26 

2,500,000

2,503,809

3.750%

due

12/31/28 

2,750,000

2,768,960

3.750%

due

05/31/30 

2,500,000

2,516,895

3.750%

due

06/30/30 

2,000,000

2,013,516

3.875%

due

11/30/27 

2,500,000

2,522,266

3.875%

due

12/31/27 

1,500,000

1,514,619

3.875%

due

09/30/29 

1,500,000

1,519,307

3.875%

due

12/31/29 

2,000,000

2,026,328

3.875%

due

08/15/33 

2,000,000

2,016,641

3.875%

due

08/15/34 

1,000,000

1,007,109

4.000%

due

12/15/25 

3,000,000

3,005,215

4.000%

due

02/15/26 

2,500,000

2,507,129

4.000%

due

01/15/27 

5,000,000

5,042,090

4.000%

due

02/29/28 

5,000,000

5,069,043

4.000%

due

06/30/28 

2,750,000

2,791,626

4.000%

due

01/31/29 

3,000,000

3,051,211

4.000%

due

07/31/29 

3,000,000

3,057,539

4.000%

due

10/31/29 

1,500,000

1,528,066

4.000%

due

02/28/30 

2,000,000

2,038,633

4.000%

due

07/31/30 

1,750,000

1,784,624

4.000%

due

01/31/31 

3,000,000

3,059,766

4.000%

due

02/15/34 

5,750,000

5,850,176

4.125%

due

06/15/26 

2,500,000

2,517,188

4.125%

due

09/30/27 

1,000,000

1,016,211

4.125%

due

10/31/27 

3,000,000

3,048,105

4.125%

due

07/31/28 

2,000,000

2,039,219

4.125%

due

08/31/30 

1,750,000

1,796,040

4.125%

due

07/31/31 

2,000,000

2,056,250

4.125%

due

11/15/32 

3,450,000

3,549,727

4.250%

due

12/31/25 

6,500,000

6,530,342

4.250%

due

01/31/26 

4,500,000

4,524,697

4.250%

due

03/15/27 

3,000,000

3,046,758

4.250%

due

02/28/29 

5,000,000

5,139,844

4.250%

due

06/30/29 

2,000,000

2,058,867

4.250%

due

02/28/31 

2,000,000

2,068,750

4.250%

due

06/30/31 

2,000,000

2,070,898

238

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

4.375%

due

07/31/26 

$

3,000,000

$

3,036,445

4.375%

due

08/15/26 

3,500,000

3,544,160

4.375%

due

07/15/27 

2,500,000

2,552,637

4.375%

due

08/31/28 

2,500,000

2,572,559

4.375%

due

11/30/28 

2,500,000

2,577,002

4.375%

due

11/30/30 

1,750,000

1,820,684

4.375%

due

05/15/34 

4,500,000

4,714,102

4.500%

due

11/15/25 

3,500,000

3,522,969

4.500%

due

07/15/26 

2,000,000

2,027,930

4.500%

due

05/31/29 

2,000,000

2,080,352

4.500%

due

11/15/33 

2,500,000

2,640,723

4.625%

due

02/28/26 

3,000,000

3,033,750

4.625%

due

03/15/26 

2,000,000

2,024,258

4.625%

due

09/30/28 

2,500,000

2,597,412

4.625%

due

04/30/29 

3,000,000

3,133,301

4.625%

due

04/30/31 

1,500,000

1,584,961

4.625%

due

05/31/31 

3,000,000

3,170,684

4.875%

due

11/30/25 

1,800,000

1,819,969

4.875%

due

04/30/26 

3,000,000

3,051,680

4.875%

due

10/31/28 

2,000,000

2,098,047

4.875%

due

10/31/30 

2,000,000

2,135,039

405,643,285

Total

U.S.

Treasury

Obligations

    (Cost

$547,245,235)

515,901,801

FOREIGN

GOVERNMENT

BONDS

&

NOTES

-

1.6%

Canada

Government

(Canada)

3.750%

due

04/26/28 

300,000

301,615

Chile

Government

(Chile)

2.550%

due

07/27/33 

250,000

214,618

3.125%

due

01/21/26 

75,000

73,715

3.500%

due

01/31/34 

200,000

184,356

3.860%

due

06/21/47 

300,000

248,368

4.950%

due

01/05/36 

200,000

203,051

Export

Development

Canada

(Canada)

3.000%

due

05/25/27 

200,000

196,789

3.750%

due

09/07/27 

100,000

100,346

3.875%

due

02/14/28 

100,000

100,750

4.375%

due

06/29/26 

200,000

201,837

Export-Import

Bank

of

Korea

(South

Korea)

0.625%

due

02/09/26 

200,000

190,849

1.625%

due

01/18/27 

400,000

379,619

5.000%

due

01/11/28 

150,000

154,346

5.125%

due

01/11/33 

200,000

209,704

Indonesia

Government

(Indonesia)

2.850%

due

02/14/30 

200,000

186,627

3.200%

due

09/23/61 

200,000

140,329

3.550%

due

03/31/32 

200,000

188,576

4.200%

due

10/15/50 

300,000

269,356

4.550%

due

01/11/28 

200,000

202,898

4.700%

due

02/10/34 

200,000

201,863

Israel

Government

(Israel)

2.750%

due

07/03/30 

200,000

175,542

5.375%

due

03/12/29 

200,000

203,398

5.500%

due

03/12/34 

200,000

201,463

Japan

Bank

for

International

Cooperation

(Japan)

1.250%

due

01/21/31 

200,000

170,496

1.875%

due

07/21/26 

200,000

192,980

1.875%

due

04/15/31 

200,000

176,604

3.250%

due

07/20/28 

200,000

196,318

4.250%

due

01/26/26 

500,000

501,123

a

Principal

Amount

Value

Japan

International

Cooperation

Agency

(Japan)

3.375%

due

06/12/28 

$

200,000

$

196,853

Korea

Development

Bank

(South

Korea)

2.000%

due

09/12/26 

200,000

192,354

4.500%

due

02/15/29 

250,000

254,890

4.625%

due

02/15/27 

300,000

304,978

Korea

International

(South

Korea)

1.750%

due

10/15/31 

200,000

173,036

2.750%

due

01/19/27 

200,000

195,685

Mexico

Government

(Mexico)

2.659%

due

05/24/31 

200,000

172,193

3.500%

due

02/12/34 

200,000

170,655

4.150%

due

03/28/27 

200,000

199,076

4.280%

due

08/14/41 

200,000

163,689

4.400%

due

02/12/52 

400,000

308,260

4.500%

due

01/31/50 

200,000

159,456

4.600%

due

01/23/46 

250,000

204,482

4.600%

due

02/10/48 

200,000

161,554

4.750%

due

04/27/32 

350,000

337,339

4.750%

due

03/08/44 

264,000

224,210

6.400%

due

05/07/54 

500,000

501,310

6.750%

due

09/27/34 

225,000

244,037

Panama

Government

(Panama)

3.870%

due

07/23/60 

200,000

126,490

4.500%

due

05/15/47 

350,000

266,354

6.400%

due

02/14/35 

265,000

271,316

6.700%

due

01/26/36 

100,000

104,460

8.000%

due

03/01/38 

200,000

226,360

8.875%

due

09/30/27 

100,000

111,185

Peruvian

Government

(Peru)

2.780%

due

12/01/60 

200,000

121,179

2.783%

due

01/23/31 

300,000

268,275

3.300%

due

03/11/41 

250,000

197,614

5.375%

due

02/08/35 

70,000

71,873

8.750%

due

11/21/33 

200,000

252,039

Philippine

Government

(Philippines)

1.648%

due

06/10/31 

200,000

169,147

2.650%

due

12/10/45 

200,000

141,070

2.950%

due

05/05/45 

200,000

147,979

3.000%

due

02/01/28 

200,000

192,848

4.750%

due

03/05/35 

100,000

101,122

5.000%

due

07/17/33 

200,000

206,521

5.609%

due

04/13/33 

200,000

214,712

6.375%

due

10/23/34 

250,000

284,781

7.750%

due

01/14/31 

200,000

236,762

Province

of

Alberta

Canada

(Canada)

1.300%

due

07/22/30 

250,000

216,945

4.500%

due

01/24/34 

150,000

153,949

Province

of

British

Columbia

(Canada)

1.300%

due

01/29/31 

500,000

427,810

4.200%

due

07/06/33 

100,000

100,654

4.900%

due

04/24/29 

200,000

209,212

Province

of

Manitoba

Canada

(Canada)

1.500%

due

10/25/28 

155,000

142,120

Province

of

New

Brunswick

Canada

(Canada)

3.625%

due

02/24/28 

50,000

49,509

Province

of

Ontario

Canada

(Canada)

0.625%

due

01/21/26 

300,000

287,090

1.050%

due

04/14/26 

200,000

191,568

1.050%

due

05/21/27 

200,000

186,550

2.000%

due

10/02/29 

100,000

91,853

239

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

2.125%

due

01/21/32 

$

150,000

$

132,772

2.300%

due

06/15/26 

250,000

243,629

3.625%

due

04/13/28 

200,000

199,277

4.250%

due

09/05/34 

100,000

100,766

Province

of

Quebec

Canada

(Canada)

1.350%

due

05/28/30 

50,000

43,685

1.900%

due

04/21/31 

200,000

176,595

4.500%

due

04/03/29 

200,000

205,839

7.500%

due

09/15/29 

75,000

87,213

Republic

of

Italy

Government

(Italy)

2.875%

due

10/17/29 

200,000

185,976

3.875%

due

05/06/51 

200,000

147,916

4.000%

due

10/17/49 

200,000

154,500

Republic

of

Poland

Government

(Poland)

5.125%

due

09/18/34 

250,000

257,357

5.500%

due

11/16/27 

250,000

261,411

5.500%

due

03/18/54 

145,000

148,365

State

of

Israel

(Israel)

3.375%

due

01/15/50 

500,000

340,625

Svensk

Exportkredit

AB

(Sweden)

3.750%

due

09/13/27 

200,000

200,426

4.250%

due

02/01/29 

200,000

203,920

Uruguay

Government

(Uruguay)

4.125%

due

11/20/45 

143,467

132,723

4.375%

due

10/27/27 

200,000

201,833

5.100%

due

06/18/50 

200,000

200,360

5.750%

due

10/28/34 

200,000

217,235

Total

Foreign

Government

Bonds

&

Notes

    (Cost

$20,965,997)

19,543,363

MUNICIPAL

BONDS

-

0.5%

American

Municipal

Power,

Inc.

6.449%

due

02/15/44 

25,000

28,183

8.084%

due

02/15/50 

300,000

409,698

Bay

Area

Toll

Authority

6.263%

due

04/01/49 

25,000

28,509

7.043%

due

04/01/50 

50,000

61,758

California

State

University

2.975%

due

11/01/51 

50,000

37,238

5.183%

due

11/01/53 

200,000

202,823

Central

Puget

Sound

Regional

Transit

Authority

5.491%

due

11/01/39 

25,000

26,593

Chicago

O'Hare

International

Airport

4.472%

due

01/01/49 

50,000

47,368

Chicago

Transit

Authority

Sales

&

Transfer

Tax

Receipts

Revenue

6.899%

due

12/01/40 

92,179

105,220

City

of

Atlanta

Water

&

Wastewater

Revenue

2.257%

due

11/01/35 

100,000

83,739

City

of

Houston

3.961%

due

03/01/47 

50,000

44,389

City

of

New

York

5.517%

due

10/01/37 

40,000

42,154

Commonwealth

of

Massachusetts

4.910%

due

05/01/29 

100,000

101,734

5.456%

due

12/01/39 

25,000

26,500

County

of

Clark

Department

of

Aviation

6.820%

due

07/01/45 

125,000

149,194

a

Principal

Amount

Value

Dallas

Area

Rapid

Transit

2.613%

due

12/01/48 

$

200,000

$

144,397

Dallas

Fort

Worth

International

Airport

4.507%

due

11/01/51 

100,000

93,727

Dallas

Independent

School

District

Class C 

6.450%

due

02/15/35 

50,000

50,446

Empire

State

Development

Corp.

3.900%

due

03/15/33 

50,000

48,865

5.770%

due

03/15/39 

20,000

20,752

Golden

State

Tobacco

Securitization

Corp.

4.214%

due

06/01/50 

150,000

116,945

Grand

Parkway

Transportation

Corp.

3.236%

due

10/01/52 

250,000

192,797

JobsOhio

Beverage

System

2.833%

due

01/01/38 

10,000

8,611

Louisiana

Local

Government

Environmental

Facilities

&

Community

Development

Authority

5.198%

due

12/01/39 

300,000

314,274

Massachusetts

School

Building

Authority

2.950%

due

05/15/43 

50,000

39,855

3.395%

due

10/15/40 

20,000

17,258

Metropolitan

Transportation

Authority

6.668%

due

11/15/39 

55,000

62,105

Municipal

Electric

Authority

of

Georgia

6.637%

due

04/01/57 

25,000

28,581

6.655%

due

04/01/57 

94,000

107,680

New

Jersey

Economic

Development

Authority

7.425%

due

02/15/29 

125,000

135,036

New

Jersey

Turnpike

Authority

Class A 

7.102%

due

01/01/41 

100,000

118,880

New

York

City

Municipal

Water

Finance

Authority

5.952%

due

06/15/42 

50,000

54,275

6.011%

due

06/15/42 

10,000

10,916

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue

5.572%

due

11/01/38 

30,000

31,630

Pennsylvania

Turnpike

Commission

5.511%

due

12/01/45 

75,000

78,360

Permanent

University

Fund

-

University

of

Texas

System

3.376%

due

07/01/47 

185,000

153,404

Port

Authority

of

New

York

&

New

Jersey

3.175%

due

07/15/60 

250,000

178,831

4.031%

due

09/01/48 

50,000

44,204

4.229%

due

10/15/57 

30,000

26,968

4.458%

due

10/01/62 

100,000

92,523

5.647%

due

11/01/40 

150,000

161,467

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

4.132%

due

05/15/32 

100,000

98,679

Rutgers

The

State

University

of

New

Jersey

3.915%

due

05/01/19 

15,000

11,375

Sales

Tax

Securitization

Corp.

4.787%

due

01/01/48 

50,000

48,677

San

Diego

County

Regional

Transportation

Commission

5.911%

due

04/01/48 

50,000

54,493

State

Board

of

Administration

Finance

Corp.

2.154%

due

07/01/30 

100,000

88,898

240

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

State

of

California

1.700%

due

02/01/28 

$

200,000

$

187,384

3.500%

due

04/01/28 

100,000

99,242

5.125%

due

03/01/38 

200,000

205,432

7.300%

due

10/01/39 

100,000

120,528

7.500%

due

04/01/34 

50,000

59,998

7.600%

due

11/01/40 

270,000

344,274

7.625%

due

03/01/40 

40,000

50,102

State

of

Connecticut

5.090%

due

10/01/30 

50,000

50,623

State

of

Illinois

6.725%

due

04/01/35 

338,462

363,525

State

of

Texas

5.517%

due

04/01/39 

100,000

107,474

State

of

Wisconsin

3.154%

due

05/01/27 

250,000

245,729

Texas

Department

of

Transportation

State

Highway

Fund

5.178%

due

04/01/30 

25,000

25,712

Texas

Natural

Gas

Securitization

Finance

Corp.

5.102%

due

04/01/35 

388,016

401,571

University

of

California

4.767%

due

05/15/15 

75,000

69,134

4.858%

due

05/15/12 

100,000

93,751

University

of

Michigan

3.599%

due

04/01/47 

80,000

70,289

4.454%

due

04/01/22 

100,000

88,195

Total

Municipal

Bonds

    (Cost

$6,938,642)

6,612,972

Shares

SHORT-TERM

INVESTMENTS

-

1.2%

Money

Market

Funds

-

1.2%

BlackRock

Liquidity

Funds:

T-Fund

Institutional

Shares

5.192%

14,410,425

14,410,425

a

Total

Short-Term

Investments

(Cost

$14,410,425)

14,410,425

TOTAL

INVESTMENTS

-

100.5%

(Cost

$1,284,278,876)

1,206,130,986

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.5%)

(

5,708,041

)

NET

ASSETS

-

100.0%

$

1,200,422,945

241

PACIFIC

SELECT

FUND

PD

AGGREGATE

BOND

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Corporate

Bonds

&

Notes

$

315,220,327

$

–

$

315,220,327

$

–

Mortgage-Backed

Securities

321,656,709

–

321,656,709

–

Asset-Backed

Securities

4,421,868

–

4,421,868

–

U.S.

Government

Agency

Issues

8,363,521

–

8,363,521

–

U.S.

Treasury

Obligations

515,901,801

–

515,901,801

–

Foreign

Government

Bonds

&

Notes

19,543,363

–

19,543,363

–

Municipal

Bonds

6,612,972

–

6,612,972

–

Short-Term

Investments

14,410,425

14,410,425

–

–

Total

$

1,206,130,986

$

14,410,425

$

1,191,720,561

$

–

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

242

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

0.0%

Energy

-

0.0%

spacing

Patterson-UTI

Energy,

Inc.

306

$

2,341

Financial

-

0.0%

spacing

Stearns

Holdings

LLC

Class B * ± Ω

3,570

–

Total

Common

Stocks

    (Cost

$44,991)

2,341

Principal

Amount

CORPORATE

BONDS

&

NOTES

-

99.4%

Basic

Materials

-

5.2%

Ahlstrom

Holding

3

OY

(Finland) 

4.875%

due

02/04/28 ~

$

300,000

283,704

Alcoa

Nederland

Holding

BV

7.125%

due

03/15/31 ~

637,000

679,705

Algoma

Steel,

Inc.

(Canada) 

9.125%

due

04/15/29 ~

45,000

46,235

Arsenal

AIC

Parent

LLC

8.000%

due

10/01/30 ~

96,000

103,136

11.500%

due

10/01/31 ~

34,000

38,470

Ashland,

Inc.

3.375%

due

09/01/31 ~

200,000

177,761

ASP

Unifrax

Holdings,

Inc.

5.250%

due

09/30/28 ~

244,000

121,968

7.500%

due

09/30/29 ~

123,000

53,955

ATI,

Inc.

5.125%

due

10/01/31 

50,000

48,624

5.875%

due

12/01/27 

200,000

199,928

7.250%

due

08/15/30 

50,000

53,291

Avient

Corp.

6.250%

due

11/01/31 ~

89,000

91,308

Axalta

Coating

Systems

LLC

3.375%

due

02/15/29 ~

300,000

281,163

Baffinland

Iron

Mines

Corp./Baffinland

Iron

Mines

LP

(Canada) 

8.750%

due

07/15/26 ~

145,000

130,440

Carpenter

Technology

Corp.

6.375%

due

07/15/28 

125,000

125,972

Cerdia

Finanz

GmbH

(Germany) 

due

10/03/31 # ~

107,000

109,407

10.500%

due

02/15/27 ~

100,000

105,277

Chemours

Co.

4.625%

due

11/15/29 ~

300,000

269,013

5.750%

due

11/15/28 ~

270,000

256,735

Cleveland-Cliffs,

Inc.

4.625%

due

03/01/29 ~

120,000

113,403

6.250%

due

10/01/40 

100,000

89,511

6.750%

due

04/15/30 ~

100,000

101,810

7.000%

due

03/15/32 ~

163,000

164,995

Commercial

Metals

Co.

3.875%

due

02/15/31 

200,000

184,940

4.125%

due

01/15/30 

95,000

90,294

Compass

Minerals

International,

Inc.

6.750%

due

12/01/27 ~

135,000

134,482

Consolidated

Energy

Finance

SA

(Switzerland) 

5.625%

due

10/15/28 ~

450,000

380,862

12.000%

due

02/15/31 ~

50,000

50,360

a

Principal

Amount

Value

Constellium

SE

5.625%

due

06/15/28 ~

$

250,000

$

249,704

CVR

Partners

LP/CVR

Nitrogen

Finance

Corp.

6.125%

due

06/15/28 ~

100,000

97,973

Domtar

Corp.

6.750%

due

10/01/28 ~

200,000

183,113

FMG

Resources

August

2006

Pty.

Ltd.

(Australia) 

4.375%

due

04/01/31 ~

474,000

443,365

4.500%

due

09/15/27 ~

300,000

295,489

5.875%

due

04/15/30 ~

100,000

101,380

GPD

Cos.,

Inc.

10.125%

due

04/01/26 ~

50,000

46,295

HB

Fuller

Co.

4.250%

due

10/15/28 

100,000

95,994

Hecla

Mining

Co.

7.250%

due

02/15/28 

200,000

204,154

Herens

Holdco

SARL

(Luxembourg) 

4.750%

due

05/15/28 ~

200,000

174,755

Hudbay

Minerals,

Inc.

(Canada) 

6.125%

due

04/01/29 ~

350,000

355,333

INEOS

Finance

PLC

(Luxembourg) 

6.750%

due

05/15/28 ~

250,000

252,717

Infrabuild

Australia

Pty.

Ltd.

(Australia) 

14.500%

due

11/15/28 ~

136,000

137,617

Ingevity

Corp.

3.875%

due

11/01/28 ~

200,000

187,996

Innophos

Holdings,

Inc.

9.375%

due

02/15/28 ~

125,000

116,951

Kaiser

Aluminum

Corp.

4.500%

due

06/01/31 ~

131,000

119,990

4.625%

due

03/01/28 ~

114,000

110,365

LSF11

A5

HoldCo

LLC

6.625%

due

10/15/29 ~

300,000

292,110

Mativ

Holdings,

Inc.

due

10/01/29 # ~

38,000

38,833

6.875%

due

10/01/26 ~

75,000

75,013

Mercer

International,

Inc.

(Germany) 

5.125%

due

02/01/29 

300,000

256,255

5.500%

due

01/15/26 

150,000

147,374

12.875%

due

10/01/28 ~

25,000

26,276

Methanex

Corp.

(Canada) 

5.125%

due

10/15/27 

125,000

123,785

5.650%

due

12/01/44 

50,000

45,215

Mineral

Resources

Ltd.

(Australia) 

8.000%

due

11/01/27 ~

175,000

179,924

8.125%

due

05/01/27 ~

213,000

215,423

9.250%

due

10/01/28 ~

99,000

105,538

Minerals

Technologies,

Inc.

5.000%

due

07/01/28 ~

16,000

15,584

Novelis

Corp.

3.250%

due

11/15/26 ~

375,000

362,201

OCI

NV

(Netherlands) 

6.700%

due

03/16/33 ~

200,000

209,741

Olin

Corp.

5.000%

due

02/01/30 

300,000

293,299

Olympus

Water

U.S.

Holding

Corp.

4.250%

due

10/01/28 ~

400,000

382,323

6.250%

due

10/01/29 ~

150,000

145,324

9.750%

due

11/15/28 ~

50,000

53,425

Rain

Carbon,

Inc.

12.250%

due

09/01/29 ~

60,000

64,881

243

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Rayonier

AM

Products,

Inc.

7.625%

due

01/15/26 ~

$

350,000

$

345,273

SCIH

Salt

Holdings,

Inc.

4.875%

due

05/01/28 ~

221,000

213,272

6.625%

due

05/01/29 ~

105,000

101,064

SK

Invictus

Intermediate

II

SARL

5.000%

due

10/30/29 ~

165,000

158,560

Taseko

Mines

Ltd.

(Canada) 

8.250%

due

05/01/30 ~

81,000

85,109

TMS

International

Corp.

6.250%

due

04/15/29 ~

50,000

47,663

Tronox,

Inc.

4.625%

due

03/15/29 ~

250,000

233,797

WR

Grace

Holdings

LLC

5.625%

due

08/15/29 ~

390,000

366,751

12,243,953

Communications

-

15.5%

Acuris

Finance

U.S.,

Inc./Acuris

Finance

SARL

5.000%

due

05/01/28 ~

200,000

183,350

Advantage

Sales

&

Marketing,

Inc.

6.500%

due

11/15/28 ~

250,000

237,557

Altice

Financing

SA

(Luxembourg) 

5.750%

due

08/15/29 ~

800,000

643,651

Altice

France

Holding

SA

(Luxembourg) 

10.500%

due

05/15/27 ~

205,000

71,108

Altice

France

SA

(France) 

5.125%

due

01/15/29 ~

350,000

246,135

5.125%

due

07/15/29 ~

500,000

352,074

5.500%

due

10/15/29 ~

640,000

448,985

8.125%

due

02/01/27 ~

350,000

286,494

AMC

Networks,

Inc.

4.250%

due

02/15/29 

148,000

107,176

10.250%

due

01/15/29 ~

42,000

43,198

ANGI

Group

LLC

3.875%

due

08/15/28 ~

100,000

91,787

Arches

Buyer,

Inc.

4.250%

due

06/01/28 ~

250,000

230,275

Block

Communications,

Inc.

4.875%

due

03/01/28 ~

300,000

283,392

British

Telecommunications

PLC

(United

Kingdom) 

4.250%

due

11/23/81 ~

250,000

243,039

Cable

One,

Inc.

4.000%

due

11/15/30 ~

360,000

287,255

Cablevision

Lightpath

LLC

3.875%

due

09/15/27 ~

200,000

191,141

CCO

Holdings

LLC/CCO

Holdings

Capital

Corp.

4.250%

due

02/01/31 ~

945,000

833,849

4.250%

due

01/15/34 ~

600,000

492,687

4.500%

due

08/15/30 ~

500,000

453,604

4.500%

due

05/01/32 

879,000

760,711

4.750%

due

02/01/32 ~

190,000

167,606

5.125%

due

05/01/27 ~

100,000

98,496

5.375%

due

06/01/29 ~

789,000

760,977

5.500%

due

05/01/26 ~

225,000

224,729

6.375%

due

09/01/29 ~

270,000

270,509

7.375%

due

03/01/31 ~

200,000

204,900

Ciena

Corp.

4.000%

due

01/31/30 ~

80,000

75,709

Clear

Channel

Outdoor

Holdings,

Inc.

5.125%

due

08/15/27 ~

600,000

590,296

a

Principal

Amount

Value

7.500%

due

06/01/29 ~

$

225,000

$

193,978

7.875%

due

04/01/30 ~

145,000

151,748

9.000%

due

09/15/28 ~

125,000

132,987

CMG

Media

Corp.

8.875%

due

12/15/27 ~

250,000

148,125

Cogent

Communications

Group

LLC

7.000%

due

06/15/27 ~

380,000

387,009

Cogent

Communications

Group,

Inc./Cogent

Communications

Finance,

Inc.

7.000%

due

06/15/27 ~

50,000

50,859

CommScope

LLC

4.750%

due

09/01/29 ~

395,000

332,294

6.000%

due

03/01/26 ~

280,000

272,650

7.125%

due

07/01/28 ~

119,000

98,796

8.250%

due

03/01/27 ~

250,000

225,439

Connect

Finco

SARL/Connect

U.S.

Finco

LLC

(United

Kingdom) 

6.750%

due

10/01/26 ~

227,000

227,000

9.000%

due

09/15/29 ~

400,000

387,594

Consolidated

Communications,

Inc.

5.000%

due

10/01/28 ~

150,000

138,202

6.500%

due

10/01/28 ~

102,000

96,564

CSC

Holdings

LLC

3.375%

due

02/15/31 ~

200,000

141,970

4.125%

due

12/01/30 ~

200,000

145,915

4.625%

due

12/01/30 ~

566,000

287,700

5.000%

due

11/15/31 ~

50,000

24,747

5.375%

due

02/01/28 ~

350,000

295,122

5.500%

due

04/15/27 ~

500,000

440,169

7.500%

due

04/01/28 ~

200,000

133,858

11.250%

due

05/15/28 ~

200,000

193,227

11.750%

due

01/31/29 ~

400,000

386,886

Cumulus

Media

New

Holdings,

Inc.

8.000%

due

07/01/29 ~

94,000

37,864

Directv

Financing

LLC

8.875%

due

02/01/30 ~

100,000

100,694

Directv

Financing

LLC/Directv

Financing

Co-Obligor,

Inc.

5.875%

due

08/15/27 ~

390,000

383,190

DISH

DBS

Corp.

5.125%

due

06/01/29 

350,000

235,151

5.250%

due

12/01/26 ~

575,000

532,449

5.750%

due

12/01/28 ~

600,000

525,358

5.875%

due

11/15/24 

365,000

363,212

7.375%

due

07/01/28 

80,000

60,030

7.750%

due

07/01/26 

218,000

189,378

DISH

Network

Corp.

11.750%

due

11/15/27 ~

225,000

236,328

Frontier

Communications

Holdings

LLC

5.000%

due

05/01/28 ~

475,000

471,076

5.875%

due

10/15/27 ~

160,000

160,781

6.750%

due

05/01/29 ~

200,000

201,554

8.625%

due

03/15/31 ~

150,000

161,842

8.750%

due

05/15/30 ~

170,000

181,307

Gannett

Holdings

LLC

6.000%

due

11/01/26 ~

100,000

100,252

GCI

LLC

4.750%

due

10/15/28 ~

200,000

192,230

Gen

Digital,

Inc.

6.750%

due

09/30/27 ~

150,000

154,238

7.125%

due

09/30/30 ~

74,000

77,713

Getty

Images,

Inc.

9.750%

due

03/01/27 ~

100,000

100,043

244

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Gray

Television,

Inc.

5.375%

due

11/15/31 ~

$

350,000

$

219,156

10.500%

due

07/15/29 ~

88,000

92,000

GrubHub

Holdings,

Inc.

5.500%

due

07/01/27 ~

100,000

92,867

Hughes

Satellite

Systems

Corp.

5.250%

due

08/01/26 

400,000

372,487

6.625%

due

08/01/26 

150,000

130,691

iHeartCommunications,

Inc.

5.250%

due

08/15/27 ~

191,000

130,573

6.375%

due

05/01/26 

200,000

175,234

8.375%

due

05/01/27 

100,000

53,862

Iliad

Holding

SASU

(France) 

6.500%

due

10/15/26 ~

266,000

269,105

8.500%

due

04/15/31 ~

225,000

242,207

Intelsat

Jackson

Holdings

SA

(Luxembourg) 

6.500%

due

03/15/30 ~

415,000

398,099

Lamar

Media

Corp.

3.625%

due

01/15/31 

120,000

109,762

4.875%

due

01/15/29 

200,000

197,739

LCPR

Senior

Secured

Financing

DAC

5.125%

due

07/15/29 ~

300,000

243,385

6.750%

due

10/15/27 ~

300,000

274,768

Level

3

Financing,

Inc.

3.625%

due

01/15/29 ~

100,000

70,250

4.625%

due

09/15/27 ~

81,000

71,747

4.875%

due

06/15/29 ~

300,000

253,500

10.000%

due

10/15/32 ~

312,620

299,138

10.500%

due

05/15/30 ~

118,000

127,588

11.000%

due

11/15/29 ~

400,000

443,530

Lumen

Technologies,

Inc.

10.000%

due

10/15/32 ~

651,000

631,457

Match

Group

Holdings

II

LLC

3.625%

due

10/01/31 ~

125,000

112,041

4.125%

due

08/01/30 ~

150,000

140,633

4.625%

due

06/01/28 ~

135,000

131,370

McGraw-Hill

Education,

Inc.

5.750%

due

08/01/28 ~

350,000

346,165

7.375%

due

09/01/31 ~

125,000

129,795

Midcontinent

Communications

8.000%

due

08/15/32 ~

88,000

89,678

Millennium

Escrow

Corp.

6.625%

due

08/01/26 ~

150,000

94,481

Neptune

Bidco

U.S.,

Inc.

9.290%

due

04/15/29 ~

475,000

465,735

Newfold

Digital

Holdings

Group,

Inc.

11.750%

due

10/15/28 ~

199,000

196,371

News

Corp.

3.875%

due

05/15/29 ~

85,000

80,459

5.125%

due

02/15/32 ~

100,000

98,335

Nexstar

Media,

Inc.

4.750%

due

11/01/28 ~

285,000

272,524

5.625%

due

07/15/27 ~

238,000

235,918

Optics

Bidco

SpA

(Italy) 

7.200%

due

07/18/36 ~

374,000

404,357

7.721%

due

06/04/38 ~

101,000

111,879

Outfront

Media

Capital

LLC/Outfront

Media

Capital

Corp.

4.625%

due

03/15/30 ~

200,000

190,214

7.375%

due

02/15/31 ~

50,000

53,421

Paramount

Global

6.250%

due

02/28/57 

292,000

260,839

a

Principal

Amount

Value

Qwest

Corp.

7.250%

due

09/15/25 

$

35,000

$

34,881

Radiate

Holdco

LLC/Radiate

Finance,

Inc.

6.500%

due

09/15/28 ~

83,000

55,386

Rakuten

Group,

Inc.

(Japan) 

6.250%

due

04/22/31 ~

300,000

264,375

9.750%

due

04/15/29 ~

400,000

437,312

11.250%

due

02/15/27 ~

200,000

219,103

Rogers

Communications,

Inc.

(Canada) 

5.250%

due

03/15/82 ~

100,000

98,347

Scripps

Escrow

II,

Inc.

3.875%

due

01/15/29 ~

175,000

130,578

Scripps

Escrow,

Inc.

5.875%

due

07/15/27 ~

150,000

130,658

Sinclair

Television

Group,

Inc.

4.125%

due

12/01/30 ~

450,000

352,688

Sirius

XM

Radio,

Inc.

3.125%

due

09/01/26 ~

146,000

141,172

4.000%

due

07/15/28 ~

275,000

259,655

4.125%

due

07/01/30 ~

250,000

226,893

5.000%

due

08/01/27 ~

160,000

157,520

5.500%

due

07/01/29 ~

360,000

351,976

Stagwell

Global

LLC

5.625%

due

08/15/29 ~

250,000

241,897

Summer

BC

Bidco

B

LLC

5.500%

due

10/31/26 ~

200,000

197,739

Sunrise

FinCo

I

BV

(Netherlands) 

4.875%

due

07/15/31 ~

250,000

236,758

TEGNA,

Inc.

4.625%

due

03/15/28 

235,000

225,118

4.750%

due

03/15/26 ~

141,000

139,312

5.000%

due

09/15/29 

224,000

213,534

Telecom

Italia

Capital

SA

(Italy) 

7.200%

due

07/18/36 

126,000

131,752

7.721%

due

06/04/38 

49,000

52,347

Telenet

Finance

Luxembourg

Notes

SARL

(Belgium) 

5.500%

due

03/01/28 ~

400,000

392,547

Telesat

Canada/Telesat

LLC

Class L

(Canada) 

6.500%

due

10/15/27 ~

134,000

45,133

Townsquare

Media,

Inc.

6.875%

due

02/01/26 ~

100,000

99,871

Univision

Communications,

Inc.

4.500%

due

05/01/29 ~

172,000

153,793

6.625%

due

06/01/27 ~

155,000

155,609

7.375%

due

06/30/30 ~

206,000

199,540

8.000%

due

08/15/28 ~

261,000

267,071

8.500%

due

07/31/31 ~

175,000

175,559

Urban

One,

Inc.

7.375%

due

02/01/28 ~

310,000

224,026

Viasat,

Inc.

5.625%

due

04/15/27 ~

500,000

472,258

7.500%

due

05/30/31 ~

136,000

93,802

Virgin

Media

Secured

Finance

PLC

(United

Kingdom) 

4.500%

due

08/15/30 ~

200,000

178,070

5.500%

due

05/15/29 ~

223,000

214,056

Vmed

O2

U.K.

Financing

I

PLC

(United

Kingdom) 

4.750%

due

07/15/31 ~

700,000

623,793

Vodafone

Group

PLC

(United

Kingdom) 

3.250%

due

06/04/81 

250,000

242,027

245

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

4.125%

due

06/04/81 

$

500,000

$

453,819

5.125%

due

06/04/81 

100,000

82,575

7.000%

due

04/04/79 

200,000

211,316

VZ

Secured

Financing

BV

(Netherlands) 

5.000%

due

01/15/32 ~

100,000

92,207

Wayfair

LLC

due

10/31/29 # ~

126,000

129,397

Windstream

Escrow

LLC/Windstream

Escrow

Finance

Corp.

due

10/01/31 # ~

112,000

114,009

7.750%

due

08/15/28 ~

396,000

396,655

Zayo

Group

Holdings,

Inc.

4.000%

due

03/01/27 ~

450,000

402,913

Ziff

Davis,

Inc.

4.625%

due

10/15/30 ~

215,000

202,147

Ziggo

Bond

Co.

BV

(Netherlands) 

5.125%

due

02/28/30 ~

200,000

184,582

Ziggo

BV

(Netherlands) 

4.875%

due

01/15/30 ~

200,000

190,262

36,847,617

Consumer,

Cyclical

-

20.6%

Acushnet

Co.

7.375%

due

10/15/28 ~

21,000

22,158

Adams

Homes,

Inc.

9.250%

due

10/15/28 ~

200,000

213,568

Adient

Global

Holdings

Ltd.

7.000%

due

04/15/28 ~

63,000

64,945

8.250%

due

04/15/31 ~

63,000

66,914

Advance

Auto

Parts,

Inc.

1.750%

due

10/01/27 

500,000

447,044

3.900%

due

04/15/30 

100,000

89,502

Affinity

Interactive

6.875%

due

12/15/27 ~

200,000

172,086

Air

Canada

(Canada) 

3.875%

due

08/15/26 ~

205,000

199,791

Allegiant

Travel

Co.

7.250%

due

08/15/27 ~

200,000

198,494

Allen

Media

LLC/Allen

Media

Co-Issuer,

Inc.

10.500%

due

02/15/28 ~

300,000

130,554

Allison

Transmission,

Inc.

3.750%

due

01/30/31 ~

300,000

272,982

AMC

Entertainment

Holdings,

Inc.

7.500%

due

02/15/29 ~

165,000

130,063

10.000%

Cash

or

12.000%

PIK

due

06/15/26 ~

200,000

199,984

Amer

Sports

Co.

(Finland) 

6.750%

due

02/16/31 ~

39,000

40,015

American

Airlines,

Inc.

7.250%

due

02/15/28 ~

600,000

614,710

8.500%

due

05/15/29 ~

460,000

488,354

American

Airlines,

Inc./AAdvantage

Loyalty

IP

Ltd.

5.500%

due

04/20/26 ~

137,083

136,805

5.750%

due

04/20/29 ~

45,000

44,962

American

Axle

&

Manufacturing,

Inc.

6.250%

due

03/15/26 

9,000

9,047

6.875%

due

07/01/28 

150,000

149,881

American

Builders

&

Contractors

Supply

Co.,

Inc.

4.000%

due

01/15/28 ~

129,000

124,240

Asbury

Automotive

Group,

Inc.

4.500%

due

03/01/28 

150,000

146,142

4.750%

due

03/01/30 

218,000

208,831

a

Principal

Amount

Value

Ashton

Woods

USA

LLC/Ashton

Woods

Finance

Co.

6.625%

due

01/15/28 ~

$

250,000

$

252,477

Aston

Martin

Capital

Holdings

Ltd.

(Jersey) 

10.000%

due

03/31/29 ~

200,000

196,440

At

Home

Group,

Inc.

4.875%

due

07/15/28 ~

290,000

141,288

Avianca

Midco

2

PLC

(United

Kingdom) 

9.000%

due

12/01/28 ~

400,000

399,335

Banijay

Entertainment

SAS

(France) 

8.125%

due

05/01/29 ~

200,000

208,041

Bath

&

Body

Works,

Inc.

6.694%

due

01/15/27 

195,000

201,555

6.750%

due

07/01/36 

90,000

92,851

6.875%

due

11/01/35 

300,000

312,935

BCPE

Empire

Holdings,

Inc.

7.625%

due

05/01/27 ~

190,000

190,796

Beacon

Roofing

Supply,

Inc.

4.500%

due

11/15/26 ~

150,000

147,807

6.500%

due

08/01/30 ~

65,000

67,336

Beazer

Homes

USA,

Inc.

7.500%

due

03/15/31 ~

25,000

25,972

Bloomin'

Brands,

Inc./OSI

Restaurant

Partners

LLC

5.125%

due

04/15/29 ~

100,000

93,726

BlueLinx

Holdings,

Inc.

6.000%

due

11/15/29 ~

100,000

96,395

Boyd

Gaming

Corp.

4.750%

due

12/01/27 

550,000

544,807

Boyne

USA,

Inc.

4.750%

due

05/15/29 ~

100,000

96,208

Brinker

International,

Inc.

5.000%

due

10/01/24 ~

100,000

100,000

8.250%

due

07/15/30 ~

50,000

53,767

Brookfield

Residential

Properties,

Inc./

Brookfield

Residential

U.S.

LLC

(Canada) 

4.875%

due

02/15/30 ~

65,000

61,247

5.000%

due

06/15/29 ~

100,000

95,937

Caesars

Entertainment,

Inc.

6.500%

due

02/15/32 ~

200,000

207,008

7.000%

due

02/15/30 ~

500,000

522,690

Carnival

Corp.

4.000%

due

08/01/28 ~

725,000

700,689

5.750%

due

03/01/27 ~

387,000

392,177

6.000%

due

05/01/29 ~

300,000

304,147

6.650%

due

01/15/28 

200,000

205,540

Carvana

Co.

12.000%

Cash

or

12.000%

PIK

due

12/01/28 ~

573,416

602,716

13.000%

Cash

or

13.000%

PIK

due

06/01/30 ~

159,057

173,088

14.000%

Cash

or

14.000%

PIK

due

06/01/31 ~

218,871

258,001

CD&R

Smokey

Buyer,

Inc.

6.750%

due

07/15/25 ~

120,000

120,069

CD&R

Smokey

Buyer,

Inc./Radio

Systems

Corp.

due

10/15/29 # ~

115,000

115,253

CEC

Entertainment

LLC

6.750%

due

05/01/26 ~

88,000

87,348

Cedar

Fair

LP/Canada's

Wonderland

Co./

Magnum

Management

Corp./Millennium

Op

5.250%

due

07/15/29 

250,000

245,816

246

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

6.500%

due

10/01/28 

$

100,000

$

101,357

Churchill

Downs,

Inc.

5.500%

due

04/01/27 ~

230,000

229,296

6.750%

due

05/01/31 ~

510,000

527,293

Cinemark

USA,

Inc.

7.000%

due

08/01/32 ~

17,000

17,761

Clarios

Global

LP/Clarios

U.S.

Finance

Co.

6.750%

due

05/15/28 ~

47,000

48,481

8.500%

due

05/15/27 ~

500,000

502,565

Cooper-Standard

Automotive,

Inc.

5.625%

Cash

or

10.625%

PIK

due

05/15/27 ~

328,804

269,163

Cougar

JV

Subsidiary

LLC

8.000%

due

05/15/32 ~

69,000

73,017

Crocs,

Inc.

4.125%

due

08/15/31 ~

150,000

136,409

Dana,

Inc.

4.250%

due

09/01/30 

100,000

89,865

4.500%

due

02/15/32 

300,000

266,247

Dave

&

Buster's,

Inc.

7.625%

due

11/01/25 ~

140,000

140,231

Dornoch

Debt

Merger

Sub,

Inc.

6.625%

due

10/15/29 ~

150,000

132,185

Dream

Finders

Homes,

Inc.

8.250%

due

08/15/28 ~

38,000

40,191

eG

Global

Finance

PLC

(United

Kingdom) 

12.000%

due

11/30/28 ~

200,000

223,406

Empire

Communities

Corp.

(Canada) 

9.750%

due

05/01/29 ~

58,000

61,999

Empire

Resorts,

Inc.

7.750%

due

11/01/26 ~

300,000

289,967

Evergreen

Acqco

1

LP/TVI,

Inc.

9.750%

due

04/26/28 ~

162,000

170,986

Everi

Holdings,

Inc.

5.000%

due

07/15/29 ~

200,000

199,227

Ferrellgas

LP/Ferrellgas

Finance

Corp.

5.375%

due

04/01/26 ~

240,000

239,664

5.875%

due

04/01/29 ~

250,000

234,155

Fertitta

Entertainment

LLC/Fertitta

Entertainment

Finance

Co.,

Inc.

6.750%

due

01/15/30 ~

215,000

200,447

FirstCash,

Inc.

4.625%

due

09/01/28 ~

150,000

144,940

5.625%

due

01/01/30 ~

75,000

74,377

6.875%

due

03/01/32 ~

67,000

69,035

Foot

Locker,

Inc.

4.000%

due

10/01/29 ~

350,000

304,711

Forestar

Group,

Inc.

5.000%

due

03/01/28 ~

150,000

146,233

Full

House

Resorts,

Inc.

8.250%

due

02/15/28 ~

300,000

300,663

Gap,

Inc.

3.625%

due

10/01/29 ~

345,000

312,413

Garrett

Motion

Holdings,

Inc./Garrett

LX

I

SARL

7.750%

due

05/31/32 ~

160,000

163,865

Gates

Corp.

6.875%

due

07/01/29 ~

56,000

58,078

Genting

New

York

LLC/GENNY

Capital,

Inc.

7.250%

due

10/01/29 ~

17,000

17,216

Global

Auto

Holdings

Ltd./AAG

FH

U.K.

Ltd.

(United

Kingdom) 

8.375%

due

01/15/29 ~

100,000

96,817

a

Principal

Amount

Value

8.750%

due

01/15/32 ~

$

100,000

$

93,653

Goodyear

Tire

&

Rubber

Co.

5.000%

due

05/31/26 

450,000

443,443

5.250%

due

07/15/31 

85,000

76,756

5.625%

due

04/30/33 

400,000

353,227

GPS

Hospitality

Holding

Co.

LLC/GPS

Finco,

Inc.

7.000%

due

08/15/28 ~

199,000

123,646

Group

1

Automotive,

Inc.

4.000%

due

08/15/28 ~

100,000

95,491

6.375%

due

01/15/30 ~

38,000

38,699

Guitar

Center,

Inc.

8.500%

due

01/15/26 ~

100,000

87,407

Hanesbrands,

Inc.

9.000%

due

02/15/31 ~

195,000

210,667

Hilton

Domestic

Operating

Co.,

Inc.

3.625%

due

02/15/32 ~

450,000

406,953

4.000%

due

05/01/31 ~

190,000

177,789

5.875%

due

04/01/29 ~

25,000

25,648

5.875%

due

03/15/33 ~

75,000

76,468

6.125%

due

04/01/32 ~

54,000

55,642

Hilton

Grand

Vacations

Borrower

Escrow

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

5.000%

due

06/01/29 ~

300,000

285,237

6.625%

due

01/15/32 ~

122,000

123,579

Hilton

Worldwide

Finance

LLC/Hilton

Worldwide

Finance

Corp.

4.875%

due

04/01/27 

215,000

214,515

IHO

Verwaltungs

GmbH

(Germany) 

6.375%

Cash

or

7.120%

PIK

due

05/15/29 ~

250,000

244,945

International

Game

Technology

PLC

4.125%

due

04/15/26 ~

200,000

197,519

Jacobs

Entertainment,

Inc.

6.750%

due

02/15/29 ~

160,000

155,732

Jaguar

Land

Rover

Automotive

PLC

(United

Kingdom) 

4.500%

due

10/01/27 ~

200,000

195,982

JB

Poindexter

&

Co.,

Inc.

8.750%

due

12/15/31 ~

67,000

70,920

JetBlue

Airways

Corp./JetBlue

Loyalty

LP

9.875%

due

09/20/31 ~

359,000

378,490

K

Hovnanian

Enterprises,

Inc.

11.750%

due

09/30/29 ~

200,000

222,704

KB

Home

6.875%

due

06/15/27 

75,000

78,208

7.250%

due

07/15/30 

185,000

193,345

KFC

Holding

Co./Pizza

Hut

Holdings

LLC/

Taco

Bell

of

America

LLC

4.750%

due

06/01/27 ~

200,000

199,033

Kohl's

Corp.

4.625%

due

05/01/31 

138,000

116,392

5.550%

due

07/17/45 

300,000

206,646

Landsea

Homes

Corp.

8.875%

due

04/01/29 ~

50,000

52,779

Las

Vegas

Sands

Corp.

2.900%

due

06/25/25 

150,000

147,483

LBM

Acquisition

LLC

6.250%

due

01/15/29 ~

250,000

236,628

LCM

Investments

Holdings

II

LLC

4.875%

due

05/01/29 ~

100,000

96,168

8.250%

due

08/01/31 ~

97,000

103,075

247

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Levi

Strauss

&

Co.

3.500%

due

03/01/31 ~

$

105,000

$

95,283

LGI

Homes,

Inc.

4.000%

due

07/15/29 ~

275,000

254,890

8.750%

due

12/15/28 ~

37,000

39,647

Life

Time,

Inc.

5.750%

due

01/15/26 ~

122,000

122,204

Light

&

Wonder

International,

Inc.

7.250%

due

11/15/29 ~

156,000

161,517

7.500%

due

09/01/31 ~

138,000

144,846

Lindblad

Expeditions

Holdings,

Inc.

9.000%

due

05/15/28 ~

100,000

104,707

Lindblad

Expeditions

LLC

6.750%

due

02/15/27 ~

100,000

100,752

Lions

Gate

Capital

Holdings

1,

Inc.

5.500%

due

04/15/29 ~

40,000

36,009

Lions

Gate

Capital

Holdings

LLC

5.500%

due

04/15/29 ~

92,000

67,530

Lithia

Motors,

Inc.

3.875%

due

06/01/29 ~

90,000

84,062

4.375%

due

01/15/31 ~

150,000

139,692

4.625%

due

12/15/27 ~

150,000

146,782

Live

Nation

Entertainment,

Inc.

3.750%

due

01/15/28 ~

60,000

57,804

4.750%

due

10/15/27 ~

110,000

108,542

5.625%

due

03/15/26 ~

331,000

331,329

Macy's

Retail

Holdings

LLC

4.300%

due

02/15/43 

300,000

208,828

MajorDrive

Holdings

IV

LLC

6.375%

due

06/01/29 ~

200,000

194,734

Marriott

Ownership

Resorts,

Inc.

4.500%

due

06/15/29 ~

135,000

127,089

4.750%

due

01/15/28 

150,000

144,240

Melco

Resorts

Finance

Ltd.

(Hong

Kong) 

5.250%

due

04/26/26 ~

500,000

491,301

5.375%

due

12/04/29 ~

200,000

187,736

MGM

China

Holdings

Ltd.

(Macau) 

4.750%

due

02/01/27 ~

200,000

194,564

MGM

Resorts

International

4.625%

due

09/01/26 

150,000

149,164

5.500%

due

04/15/27 

300,000

301,246

6.125%

due

09/15/29 

122,000

123,605

6.500%

due

04/15/32 

50,000

50,985

Michaels

Cos.,

Inc.

5.250%

due

05/01/28 ~

300,000

221,728

7.875%

due

05/01/29 ~

115,000

67,478

Midwest

Gaming

Borrower

LLC/Midwest

Gaming

Finance

Corp.

4.875%

due

05/01/29 ~

259,000

248,611

Mohegan

Tribal

Gaming

Authority

8.000%

due

02/01/26 ~

260,000

257,331

13.250%

due

12/15/27 ~

150,000

170,705

Motion

Bondco

DAC

(United

Kingdom) 

6.625%

due

11/15/27 ~

100,000

95,178

Murphy

Oil

USA,

Inc.

3.750%

due

02/15/31 ~

85,000

76,687

4.750%

due

09/15/29 

99,000

96,316

5.625%

due

05/01/27 

100,000

100,007

NCL

Corp.

Ltd.

5.875%

due

03/15/26 ~

260,000

260,179

7.750%

due

02/15/29 ~

100,000

107,232

8.125%

due

01/15/29 ~

475,000

508,354

8.375%

due

02/01/28 ~

83,000

87,221

a

Principal

Amount

Value

NCL

Finance

Ltd.

6.125%

due

03/15/28 ~

$

125,000

$

127,589

New

Home

Co.,

Inc.

9.250%

due

10/01/29 ~

63,000

66,459

New

Red

Finance,

Inc.

(Canada) 

3.500%

due

02/15/29 ~

10,000

9,383

3.875%

due

01/15/28 ~

350,000

336,624

4.000%

due

10/15/30 ~

758,000

699,654

5.625%

due

09/15/29 ~

94,000

95,476

6.125%

due

06/15/29 ~

85,000

87,525

Newell

Brands,

Inc.

5.700%

due

04/01/26 

335,000

336,112

6.375%

due

09/15/27 

168,000

170,441

6.625%

due

09/15/29 

290,000

294,153

6.875%

due

04/01/36 

130,000

124,033

NMG

Holding

Co.,

Inc./Neiman

Marcus

Group

LLC

8.500%

due

10/01/28 ~

125,000

127,347

Nordstrom,

Inc.

4.375%

due

04/01/30 

410,000

376,574

6.950%

due

03/15/28 

172,000

178,895

Odeon

Finco

PLC

(United

Kingdom) 

12.750%

due

11/01/27 ~

100,000

105,162

Ontario

Gaming

GTA

LP/OTG

Co-Issuer,

Inc.

(Canada) 

8.000%

due

08/01/30 ~

38,000

39,519

OPENLANE,

Inc.

5.125%

due

06/01/25 ~

108,000

107,774

Park

River

Holdings,

Inc.

5.625%

due

02/01/29 ~

100,000

86,219

Penn

Entertainment,

Inc.

4.125%

due

07/01/29 ~

200,000

182,367

5.625%

due

01/15/27 ~

100,000

99,102

Penske

Automotive

Group,

Inc.

3.500%

due

09/01/25 

139,000

136,816

PetSmart,

Inc./PetSmart

Finance

Corp.

4.750%

due

02/15/28 ~

250,000

239,912

7.750%

due

02/15/29 ~

250,000

247,035

Phinia,

Inc.

6.625%

due

10/15/32 ~

48,000

48,431

6.750%

due

04/15/29 ~

78,000

80,594

PM

General

Purchaser

LLC

9.500%

due

10/01/28 ~

91,000

92,657

Premier

Entertainment

Sub

LLC/Premier

Entertainment

Finance

Corp.

5.625%

due

09/01/29 ~

438,000

327,990

QVC,

Inc.

4.450%

due

02/15/25 

100,000

99,503

6.875%

due

04/15/29 ~

61,250

50,949

Raising

Cane's

Restaurants

LLC

9.375%

due

05/01/29 ~

293,000

317,636

Real

Hero

Merger

Sub

2,

Inc.

6.250%

due

02/01/29 ~

200,000

174,141

Resideo

Funding,

Inc.

4.000%

due

09/01/29 ~

100,000

94,284

6.500%

due

07/15/32 ~

60,000

61,666

Resorts

World

Las

Vegas

LLC/RWLV

Capital,

Inc.

4.625%

due

04/16/29 ~

400,000

360,337

Ritchie

Bros

Holdings,

Inc.

(Canada) 

6.750%

due

03/15/28 ~

81,000

83,842

7.750%

due

03/15/31 ~

87,000

92,765

248

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Royal

Caribbean

Cruises

Ltd.

5.500%

due

08/31/26 ~

$

200,000

$

202,089

5.500%

due

04/01/28 ~

450,000

455,987

5.625%

due

09/30/31 ~

135,000

136,856

6.250%

due

03/15/32 ~

525,000

544,931

S&S

Holdings

LLC

due

10/01/31 # ~

77,000

77,586

Sabre

GLBL,

Inc.

8.625%

due

06/01/27 ~

207,000

203,765

11.250%

due

12/15/27 ~

105,000

109,020

Sally

Holdings

LLC/Sally

Capital,

Inc.

6.750%

due

03/01/32 

72,000

74,014

Scotts

Miracle-Gro

Co.

4.000%

due

04/01/31 

200,000

183,488

4.500%

due

10/15/29 

200,000

192,532

5.250%

due

12/15/26 

100,000

100,215

SeaWorld

Parks

&

Entertainment,

Inc.

5.250%

due

08/15/29 ~

112,000

109,376

Shea

Homes

LP/Shea

Homes

Funding

Corp.

4.750%

due

02/15/28 

200,000

195,838

Six

Flags

Entertainment

Corp.

5.500%

due

04/15/27 ~

300,000

298,339

7.250%

due

05/15/31 ~

200,000

207,289

Six

Flags

Entertainment

Corp./Six

Flags

Theme

Parks,

Inc.

6.625%

due

05/01/32 ~

83,000

86,014

Sonic

Automotive,

Inc.

4.625%

due

11/15/29 ~

400,000

375,874

Spirit

Loyalty

Cayman

Ltd./Spirit

IP

Cayman

Ltd.

8.000%

due

09/20/25 ~

145,414

80,023

Staples,

Inc.

10.750%

due

09/01/29 ~

450,000

437,198

12.750%

due

01/15/30 ~

175,727

144,543

Station

Casinos

LLC

4.500%

due

02/15/28 ~

190,000

183,607

4.625%

due

12/01/31 ~

86,000

79,828

6.625%

due

03/15/32 ~

50,000

51,156

STL

Holding

Co.

LLC

8.750%

due

02/15/29 ~

21,000

22,358

Studio

City

Finance

Ltd.

(Macau) 

5.000%

due

01/15/29 ~

400,000

368,003

Taylor

Morrison

Communities,

Inc.

5.750%

due

01/15/28 ~

300,000

305,504

Tempur

Sealy

International,

Inc.

4.000%

due

04/15/29 ~

450,000

420,110

Tenneco,

Inc.

8.000%

due

11/17/28 ~

300,000

278,641

Thor

Industries,

Inc.

4.000%

due

10/15/29 ~

110,000

102,578

Titan

International,

Inc.

7.000%

due

04/30/28 

200,000

199,204

TKC

Holdings,

Inc.

6.875%

due

05/15/28 ~

194,000

191,852

10.500%

due

05/15/29 ~

200,000

201,286

Travel

&

Leisure

Co.

4.625%

due

03/01/30 ~

250,000

234,061

6.625%

due

07/31/26 ~

200,000

203,916

Tri

Pointe

Homes,

Inc.

5.250%

due

06/01/27 

100,000

100,584

United

Airlines

Holdings,

Inc.

4.875%

due

01/15/25 

150,000

149,848

a

Principal

Amount

Value

United

Airlines,

Inc.

4.375%

due

04/15/26 ~

$

96,000

$

94,535

4.625%

due

04/15/29 ~

300,000

290,076

Vail

Resorts,

Inc.

6.500%

due

05/15/32 ~

98,000

102,471

Velocity

Vehicle

Group

LLC

8.000%

due

06/01/29 ~

25,000

26,053

Verde

Purchaser

LLC

10.500%

due

11/30/30 ~

100,000

108,649

VF

Corp.

2.800%

due

04/23/27 

31,000

29,409

2.950%

due

04/23/30 

150,000

131,724

Victoria's

Secret

&

Co.

4.625%

due

07/15/29 ~

138,000

122,019

Victra

Holdings

LLC/Victra

Finance

Corp.

8.750%

due

09/15/29 ~

53,000

55,695

Viking

Cruises

Ltd.

5.875%

due

09/15/27 ~

27,000

27,000

9.125%

due

07/15/31 ~

150,000

164,135

Viking

Ocean

Cruises

Ship

VII

Ltd.

5.625%

due

02/15/29 ~

300,000

299,234

VistaJet

Malta

Finance

PLC/Vista

Management

Holding,

Inc.

(Switzerland) 

7.875%

due

05/01/27 ~

455,000

444,524

9.500%

due

06/01/28 ~

67,000

65,549

Walgreens

Boots

Alliance,

Inc.

3.200%

due

04/15/30 

50,000

40,613

3.450%

due

06/01/26 

367,000

353,352

4.800%

due

11/18/44 

352,000

263,695

8.125%

due

08/15/29 

72,000

71,935

Wheel

Pros,

Inc.

6.500%

due

05/15/29 ~ ∂

100,000

1,125

White

Cap

Buyer

LLC

6.875%

due

10/15/28 ~

170,000

171,734

William

Carter

Co.

5.625%

due

03/15/27 ~

214,000

213,755

Windsor

Holdings

III

LLC

8.500%

due

06/15/30 ~

183,000

195,980

Winnebago

Industries,

Inc.

6.250%

due

07/15/28 ~

200,000

200,352

Wolverine

World

Wide,

Inc.

4.000%

due

08/15/29 ~

100,000

88,350

Wyndham

Hotels

&

Resorts,

Inc.

4.375%

due

08/15/28 ~

106,000

102,328

Wynn

Las

Vegas

LLC/Wynn

Las

Vegas

Capital

Corp.

5.250%

due

05/15/27 ~

200,000

200,289

Wynn

Macau

Ltd.

(Macau) 

5.125%

due

12/15/29 ~

390,000

366,795

5.500%

due

10/01/27 ~

200,000

195,689

5.625%

due

08/26/28 ~

300,000

291,495

Wynn

Resorts

Finance

LLC/Wynn

Resorts

Capital

Corp.

5.125%

due

10/01/29 ~

200,000

197,724

6.250%

due

03/15/33 ~

160,000

162,187

7.125%

due

02/15/31 ~

117,000

126,304

Yum!

Brands,

Inc.

5.350%

due

11/01/43 

100,000

98,664

6.875%

due

11/15/37 

100,000

113,768

ZF

North

America

Capital,

Inc.

(Germany) 

6.750%

due

04/23/30 ~

300,000

302,755

6.875%

due

04/14/28 ~

150,000

151,540

249

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

7.125%

due

04/14/30 ~

$

150,000

$

155,605

49,111,364

Consumer,

Non-Cyclical

-

15.8%

Acadia

Healthcare

Co.,

Inc.

5.000%

due

04/15/29 ~

225,000

214,550

ACCO

Brands

Corp.

4.250%

due

03/15/29 ~

250,000

234,280

AdaptHealth

LLC

4.625%

due

08/01/29 ~

190,000

176,134

5.125%

due

03/01/30 ~

177,000

165,819

ADT

Security

Corp.

4.875%

due

07/15/32 ~

200,000

191,251

Adtalem

Global

Education,

Inc.

5.500%

due

03/01/28 ~

50,000

49,571

AHP

Health

Partners,

Inc.

5.750%

due

07/15/29 ~

150,000

147,696

Albertsons

Cos.,

Inc./Safeway,

Inc./New

Albertsons

LP/Albertsons

LLC

3.250%

due

03/15/26 ~

203,000

196,477

3.500%

due

03/15/29 ~

500,000

467,623

4.625%

due

01/15/27 ~

350,000

341,389

7.500%

due

03/15/26 ~

125,000

126,294

Allied

Universal

Holdco

LLC

7.875%

due

02/15/31 ~

269,000

275,011

Allied

Universal

Holdco

LLC/Allied

Universal

Finance

Corp.

6.000%

due

06/01/29 ~

200,000

178,926

9.750%

due

07/15/27 ~

297,000

297,919

Allied

Universal

Holdco

LLC/Allied

Universal

Finance

Corp./Atlas

Luxco

4

SARL

4.625%

due

06/01/28 ~

566,000

532,160

Alta

Equipment

Group,

Inc.

9.000%

due

06/01/29 ~

147,000

131,776

AMN

Healthcare,

Inc.

4.625%

due

10/01/27 ~

217,000

212,306

APi

Group

DE,

Inc.

4.125%

due

07/15/29 ~

150,000

141,175

APX

Group,

Inc.

6.750%

due

02/15/27 ~

450,000

451,669

Arrow

Bidco

LLC

10.750%

due

06/15/25 ~

78,000

79,955

Avis

Budget

Car

Rental

LLC/Avis

Budget

Finance,

Inc.

5.375%

due

03/01/29 ~

90,000

84,209

8.000%

due

02/15/31 ~

100,000

102,364

8.250%

due

01/15/30 ~

75,000

76,778

B&G

Foods,

Inc.

8.000%

due

09/15/28 ~

392,000

410,542

Bausch

&

Lomb

Corp.

8.375%

due

10/01/28 ~

445,000

471,144

Bausch

Health

Cos.,

Inc.

4.875%

due

06/01/28 ~

410,000

321,233

5.500%

due

11/01/25 ~

346,000

338,912

5.750%

due

08/15/27 ~

140,000

119,486

6.125%

due

02/01/27 ~

185,000

167,256

7.000%

due

01/15/28 ~

388,000

266,347

7.250%

due

05/30/29 ~

98,000

60,457

9.000%

due

12/15/25 ~

50,000

48,152

11.000%

due

09/30/28 ~

639,000

597,465

BC

Ltd.

(Canada) 

9.000%

due

01/30/28 ~

106,000

105,155

Block,

Inc.

3.500%

due

06/01/31 

283,000

258,314

a

Principal

Amount

Value

6.500%

due

05/15/32 ~

$

172,000

$

179,322

Boost

Newco

Borrower

LLC

7.500%

due

01/15/31 ~

400,000

429,551

Brink's

Co.

6.500%

due

06/15/29 ~

50,000

51,842

6.750%

due

06/15/32 ~

75,000

78,323

C&S

Group

Enterprises

LLC

5.000%

due

12/15/28 ~

300,000

255,872

Carriage

Services,

Inc.

4.250%

due

05/15/29 ~

100,000

92,732

Catalent

Pharma

Solutions,

Inc.

3.125%

due

02/15/29 ~

200,000

196,644

3.500%

due

04/01/30 ~

200,000

196,884

Central

Garden

&

Pet

Co.

4.125%

due

10/15/30 

335,000

311,779

Champions

Financing,

Inc.

8.750%

due

02/15/29 ~

305,000

310,915

Charles

River

Laboratories

International,

Inc.

3.750%

due

03/15/29 ~

133,000

125,312

4.250%

due

05/01/28 ~

192,000

186,895

Cheplapharm

Arzneimittel

GmbH

(Germany) 

5.500%

due

01/15/28 ~

200,000

194,159

Chobani

LLC/Chobani

Finance

Corp.,

Inc.

4.625%

due

11/15/28 ~

100,000

97,485

7.625%

due

07/01/29 ~

69,000

72,545

CHS/Community

Health

Systems,

Inc.

4.750%

due

02/15/31 ~

115,000

101,174

5.250%

due

05/15/30 ~

695,000

640,182

5.625%

due

03/15/27 ~

105,000

103,405

6.000%

due

01/15/29 ~

300,000

291,518

6.125%

due

04/01/30 ~

194,000

166,035

6.875%

due

04/01/28 ~

200,000

169,075

6.875%

due

04/15/29 ~

200,000

181,543

10.875%

due

01/15/32 ~

298,000

328,764

Cimpress

PLC

(Ireland) 

7.375%

due

09/15/32 ~

150,000

151,403

Concentra

Escrow

Issuer

Corp.

6.875%

due

07/15/32 ~

44,000

46,322

CoreCivic,

Inc.

4.750%

due

10/15/27 

60,000

57,334

8.250%

due

04/15/29 

73,000

77,335

CPI

CG,

Inc.

10.000%

due

07/15/29 ~

50,000

52,671

Darling

Ingredients,

Inc.

5.250%

due

04/15/27 ~

99,000

98,573

6.000%

due

06/15/30 ~

145,000

146,522

DaVita,

Inc.

3.750%

due

02/15/31 ~

500,000

451,417

4.625%

due

06/01/30 ~

400,000

381,614

6.875%

due

09/01/32 ~

170,000

175,764

Deluxe

Corp.

8.000%

due

06/01/29 ~

70,000

66,460

Edgewell

Personal

Care

Co.

4.125%

due

04/01/29 ~

125,000

118,374

5.500%

due

06/01/28 ~

100,000

99,507

Elanco

Animal

Health,

Inc.

6.650%

due

08/28/28 

130,000

134,882

Embecta

Corp.

5.000%

due

02/15/30 ~

280,000

258,043

6.750%

due

02/15/30 ~

100,000

95,265

250

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Encompass

Health

Corp.

5.750%

due

09/15/25 

$

57,000

$

56,901

Endo

Finance

Holdings,

Inc.

8.500%

due

04/15/31 ~

166,000

178,082

FAGE

International

SA/FAGE

USA

Dairy

Industry,

Inc.

(Luxembourg) 

5.625%

due

08/15/26 ~

100,000

99,327

Fiesta

Purchaser,

Inc.

7.875%

due

03/01/31 ~

128,000

135,921

9.625%

due

09/15/32 ~

30,000

31,129

Fortrea

Holdings,

Inc.

7.500%

due

07/01/30 ~

290,000

292,266

Garda

World

Security

Corp.

(Canada) 

4.625%

due

02/15/27 ~

100,000

98,274

6.000%

due

06/01/29 ~

150,000

144,093

8.250%

due

08/01/32 ~

67,000

68,637

9.500%

due

11/01/27 ~

78,000

78,174

GEO

Group,

Inc.

8.625%

due

04/15/29 

100,000

104,039

10.250%

due

04/15/31 

67,000

71,489

Graham

Holdings

Co.

5.750%

due

06/01/26 ~

100,000

100,057

HAH

Group

Holding

Co.

LLC

9.750%

due

10/01/31 ~

133,000

134,215

HealthEquity,

Inc.

4.500%

due

10/01/29 ~

100,000

96,769

Heartland

Dental

LLC/Heartland

Dental

Finance

Corp.

10.500%

due

04/30/28 ~

120,000

128,541

Herbalife

Nutrition

Ltd./HLF

Financing,

Inc.

7.875%

due

09/01/25 ~

350,000

349,053

Herc

Holdings,

Inc.

6.625%

due

06/15/29 ~

470,000

487,204

Hertz

Corp.

5.000%

due

12/01/29 ~

300,000

198,446

12.625%

due

07/15/29 ~

31,000

33,820

HLF

Financing

SARL

LLC/Herbalife

International,

Inc.

12.250%

due

04/15/29 ~

127,000

126,725

Hologic,

Inc.

3.250%

due

02/15/29 ~

300,000

279,759

4.625%

due

02/01/28 ~

191,000

187,564

Ingles

Markets,

Inc.

4.000%

due

06/15/31 ~

100,000

91,555

IQVIA,

Inc.

5.000%

due

10/15/26 ~

300,000

299,434

6.500%

due

05/15/30 ~

200,000

208,864

Jazz

Securities

DAC

4.375%

due

01/15/29 ~

300,000

290,376

Kedrion

SpA

(Italy) 

6.500%

due

09/01/29 ~

150,000

142,969

KeHE

Distributors

LLC/KeHE

Finance

Corp./

NextWave

Distribution,

Inc.

9.000%

due

02/15/29 ~

129,000

134,310

Korn

Ferry

4.625%

due

12/15/27 ~

150,000

146,744

Kronos

Acquisition

Holdings,

Inc.

(Canada) 

8.250%

due

06/30/31 ~

75,000

75,377

10.750%

due

06/30/32 ~

75,000

70,900

Lamb

Weston

Holdings,

Inc.

4.875%

due

05/15/28 ~

600,000

596,829

Land

O'Lakes

Capital

Trust

I

7.450%

due

03/15/28 ~

43,000

42,538

a

Principal

Amount

Value

Legacy

LifePoint

Health

LLC

4.375%

due

02/15/27 ~

$

230,000

$

225,750

LifePoint

Health,

Inc.

9.875%

due

08/15/30 ~

142,000

156,520

10.000%

due

06/01/32 ~

120,000

132,074

11.000%

due

10/15/30 ~

170,000

192,038

Mallinckrodt

International

Finance

SA/

Mallinckrodt

CB

LLC

14.750%

due

11/14/28 ~

100,000

109,170

Matthews

International

Corp.

8.625%

due

10/01/27 ~

42,000

42,871

Mavis

Tire

Express

Services

Topco

Corp.

6.500%

due

05/15/29 ~

100,000

96,174

Medline

Borrower

LP

3.875%

due

04/01/29 ~

255,000

241,642

5.250%

due

10/01/29 ~

388,000

380,986

Medline

Borrower

LP/Medline

Co-Issuer,

Inc.

6.250%

due

04/01/29 ~

844,000

870,654

Mobius

Merger

Sub,

Inc.

9.000%

due

06/01/30 ~

59,000

56,824

ModivCare

Escrow

Issuer,

Inc.

5.000%

due

10/01/29 ~

250,000

155,949

Molina

Healthcare,

Inc.

3.875%

due

05/15/32 ~

345,000

315,791

4.375%

due

06/15/28 ~

150,000

145,957

MPH

Acquisition

Holdings

LLC

5.500%

due

09/01/28 ~

290,000

209,378

NESCO

Holdings

II,

Inc.

5.500%

due

04/15/29 ~

200,000

184,563

Option

Care

Health,

Inc.

4.375%

due

10/31/29 ~

63,000

59,909

Organon

&

Co./Organon

Foreign

Debt

Co-Issuer

BV

4.125%

due

04/30/28 ~

504,000

485,043

5.125%

due

04/30/31 ~

200,000

188,557

6.750%

due

05/15/34 ~

200,000

206,804

7.875%

due

05/15/34 ~

200,000

212,140

Owens

&

Minor,

Inc.

4.500%

due

03/31/29 ~

80,000

72,422

6.625%

due

04/01/30 ~

139,000

135,059

Performance

Food

Group,

Inc.

4.250%

due

08/01/29 ~

158,000

150,406

6.125%

due

09/15/32 ~

126,000

128,911

Perrigo

Finance

Unlimited

Co.

4.900%

due

12/15/44 

200,000

167,359

6.125%

due

09/30/32 

135,000

136,134

Port

of

Newcastle

Investments

Financing

Pty.

Ltd.

(Australia) 

5.900%

due

11/24/31 ~

50,000

47,835

Post

Holdings,

Inc.

due

10/15/34 # ~

117,000

118,030

4.500%

due

09/15/31 ~

500,000

467,574

6.250%

due

02/15/32 ~

60,000

61,857

6.375%

due

03/01/33 ~

217,000

221,084

Prime

Healthcare

Services,

Inc.

9.375%

due

09/01/29 ~

275,000

283,908

Prime

Security

Services

Borrower

LLC/

Prime

Finance,

Inc.

3.375%

due

08/31/27 ~

400,000

380,437

5.750%

due

04/15/26 ~

246,000

247,326

6.250%

due

01/15/28 ~

50,000

50,051

251

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Primo

Water

Holdings,

Inc.

(Canada) 

4.375%

due

04/30/29 ~

$

188,000

$

180,446

RCN

Corp.

(Escrow)

* ± ∂ Ω

9,000

–

RR

Donnelley

&

Sons

Co.

9.500%

due

08/01/29 ~

103,000

103,983

10.875%

due

08/01/29 ~

488,000

473,427

Safeway,

Inc.

7.250%

due

02/01/31 

150,000

155,219

Select

Medical

Corp.

6.250%

due

08/15/26 ~

200,000

201,379

Service

Corp.

International

3.375%

due

08/15/30 

126,000

114,286

5.125%

due

06/01/29 

206,000

206,237

5.750%

due

10/15/32 

130,000

131,014

Shift4

Payments

LLC/Shift4

Payments

Finance

Sub,

Inc.

4.625%

due

11/01/26 ~

50,000

49,526

6.750%

due

08/15/32 ~

214,000

223,590

Signal

Parent,

Inc.

6.125%

due

04/01/29 ~

200,000

123,833

Simmons

Foods,

Inc./Simmons

Prepared

Foods,

Inc./Simmons

Pet

Food,

Inc./

Simmons

Feed

4.625%

due

03/01/29 ~

345,000

327,658

Sotera

Health

Holdings

LLC

7.375%

due

06/01/31 ~

125,000

129,970

Sotheby's

7.375%

due

10/15/27 ~

200,000

193,489

Sotheby's/Bidfair

Holdings,

Inc.

5.875%

due

06/01/29 ~

150,000

132,222

Star

Parent,

Inc.

9.000%

due

10/01/30 ~

134,000

144,027

Surgery

Center

Holdings,

Inc.

7.250%

due

04/15/32 ~

62,000

64,791

Teleflex,

Inc.

4.250%

due

06/01/28 ~

95,000

92,094

4.625%

due

11/15/27 

300,000

296,094

Tenet

Healthcare

Corp.

4.375%

due

01/15/30 

236,000

226,592

5.125%

due

11/01/27 

576,000

574,287

6.125%

due

06/15/30 

1,100,000

1,119,351

6.750%

due

05/15/31 

212,000

221,156

Toledo

Hospital

5.325%

due

11/15/28 

164,000

162,970

TriNet

Group,

Inc.

3.500%

due

03/01/29 ~

115,000

106,928

7.125%

due

08/15/31 ~

50,000

52,141

Turning

Point

Brands,

Inc.

5.625%

due

02/15/26 ~

100,000

100,100

U.S.

Acute

Care

Solutions

LLC

9.750%

due

05/15/29 ~

102,000

105,775

U.S.

Foods,

Inc.

due

04/15/33 # ~

121,000

121,432

4.750%

due

02/15/29 ~

250,000

243,993

6.875%

due

09/15/28 ~

76,000

79,308

7.250%

due

01/15/32 ~

89,000

94,304

United

Natural

Foods,

Inc.

6.750%

due

10/15/28 ~

300,000

286,419

United

Rentals

North

America,

Inc.

3.875%

due

11/15/27 

175,000

170,795

3.875%

due

02/15/31 

400,000

372,424

4.875%

due

01/15/28 

115,000

114,238

5.250%

due

01/15/30 

142,000

142,232

a

Principal

Amount

Value

5.500%

due

05/15/27 

$

130,000

$

130,322

6.125%

due

03/15/34 ~

53,000

54,839

Valvoline,

Inc.

3.625%

due

06/15/31 ~

150,000

134,387

Vector

Group

Ltd.

5.750%

due

02/01/29 ~

300,000

304,334

VT

Topco,

Inc.

8.500%

due

08/15/30 ~

68,000

72,620

Wand

NewCo

3,

Inc.

7.625%

due

01/30/32 ~

197,000

207,675

WASH

Multifamily

Acquisition,

Inc.

5.750%

due

04/15/26 ~

255,000

253,847

Williams

Scotsman,

Inc.

4.625%

due

08/15/28 ~

100,000

97,286

6.125%

due

06/15/25 ~

105,000

104,986

6.625%

due

06/15/29 ~

47,000

48,434

7.375%

due

10/01/31 ~

102,000

107,874

WW

International,

Inc.

4.500%

due

04/15/29 ~

51,000

11,771

ZipRecruiter,

Inc.

5.000%

due

01/15/30 ~

350,000

317,031

37,613,941

Diversified

-

0.2%

Benteler

International

AG

(Austria) 

10.500%

due

05/15/28 ~

200,000

211,611

Stena

International

SA

(Sweden) 

7.250%

due

01/15/31 ~

200,000

210,356

7.625%

due

02/15/31 ~

42,000

44,116

466,083

Energy

-

11.7%

Aethon

United

BR

LP/Aethon

United

Finance

Corp.

due

10/01/29 # ~

121,000

122,689

8.250%

due

02/15/26 ~

100,000

101,244

Alliance

Resource

Operating

Partners

LP/

Alliance

Resource

Finance

Corp.

8.625%

due

06/15/29 ~

50,000

53,175

Antero

Midstream

Partners

LP/Antero

Midstream

Finance

Corp.

5.375%

due

06/15/29 ~

135,000

133,696

5.750%

due

03/01/27 ~

200,000

200,335

5.750%

due

01/15/28 ~

197,000

197,458

6.625%

due

02/01/32 ~

78,000

80,792

Archrock

Partners

LP/Archrock

Partners

Finance

Corp.

6.250%

due

04/01/28 ~

250,000

251,440

6.625%

due

09/01/32 ~

131,000

134,431

Ascent

Resources

Utica

Holdings

LLC/ARU

Finance

Corp.

7.000%

due

11/01/26 ~

80,000

80,136

8.250%

due

12/31/28 ~

165,000

169,169

Baytex

Energy

Corp.

(Canada) 

7.375%

due

03/15/32 ~

338,000

337,091

8.500%

due

04/30/30 ~

128,000

132,773

Berry

Petroleum

Co.

LLC

7.000%

due

02/15/26 ~

100,000

97,120

Blue

Racer

Midstream

LLC/Blue

Racer

Finance

Corp.

6.625%

due

07/15/26 ~

50,000

50,126

7.000%

due

07/15/29 ~

38,000

39,536

7.250%

due

07/15/32 ~

33,000

34,658

252

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Bristow

Group,

Inc.

6.875%

due

03/01/28 ~

$

100,000

$

98,796

Buckeye

Partners

LP

4.125%

due

03/01/25 ~

86,000

85,353

4.500%

due

03/01/28 ~

105,000

101,915

5.850%

due

11/15/43 

250,000

223,733

6.875%

due

07/01/29 ~

23,000

23,585

California

Resources

Corp.

8.250%

due

06/15/29 ~

247,000

251,900

Calumet

Specialty

Products

Partners

LP/

Calumet

Finance

Corp.

9.750%

due

07/15/28 ~

50,000

49,185

Chesapeake

Energy

Corp.

5.875%

due

02/01/29 ~

185,000

186,096

Chord

Energy

Corp.

6.375%

due

06/01/26 ~

150,000

150,452

Civitas

Resources,

Inc.

5.000%

due

10/15/26 ~

60,000

59,381

8.375%

due

07/01/28 ~

205,000

213,347

8.625%

due

11/01/30 ~

133,000

141,023

8.750%

due

07/01/31 ~

212,000

224,675

CNX

Midstream

Partners

LP

4.750%

due

04/15/30 ~

40,000

37,431

CNX

Resources

Corp.

6.000%

due

01/15/29 ~

250,000

251,553

7.250%

due

03/01/32 ~

50,000

52,549

Comstock

Resources,

Inc.

5.875%

due

01/15/30 ~

270,000

252,653

6.750%

due

03/01/29 ~

116,000

113,250

Coronado

Finance

Pty.

Ltd.

(Australia) 

due

10/01/29 # ~

23,000

23,666

Crescent

Energy

Finance

LLC

7.375%

due

01/15/33 ~

335,000

329,993

7.625%

due

04/01/32 ~

35,000

35,040

9.250%

due

02/15/28 ~

101,000

105,406

CVR

Energy,

Inc.

5.750%

due

02/15/28 ~

125,000

117,490

8.500%

due

01/15/29 ~

66,000

66,771

Delek

Logistics

Partners

LP/Delek

Logistics

Finance

Corp.

7.125%

due

06/01/28 ~

100,000

100,193

8.625%

due

03/15/29 ~

255,000

268,499

Diamond

Foreign

Asset

Co./Diamond

Finance

LLC

8.500%

due

10/01/30 ~

92,000

96,204

DT

Midstream,

Inc.

4.125%

due

06/15/29 ~

95,000

90,942

4.375%

due

06/15/31 ~

200,000

189,468

Encino

Acquisition

Partners

Holdings

LLC

8.750%

due

05/01/31 ~

75,000

78,940

Enerflex

Ltd.

(Canada) 

9.000%

due

10/15/27 ~

30,000

31,053

Energy

Transfer

LP

7.125%

due

10/01/54 

58,000

59,355

8.000%

due

05/15/54 

100,000

107,668

EnQuest

PLC

(United

Kingdom) 

11.625%

due

11/01/27 ~

200,000

203,022

EQM

Midstream

Partners

LP

4.750%

due

01/15/31 ~

108,000

104,649

6.375%

due

04/01/29 ~

868,000

896,884

7.500%

due

06/01/27 ~

100,000

103,008

7.500%

due

06/01/30 ~

100,000

109,896

a

Principal

Amount

Value

FORESEA

Holding

SA

(Luxembourg) 

7.500%

due

06/15/30 ~

$

300,000

$

287,606

FTAI

Infra

Escrow

Holdings

LLC

10.500%

due

06/01/27 ~

200,000

213,653

Genesis

Energy

LP/Genesis

Energy

Finance

Corp.

7.875%

due

05/15/32 

145,000

147,746

8.250%

due

01/15/29 

68,000

70,478

8.875%

due

04/15/30 

650,000

683,792

Global

Partners

LP/GLP

Finance

Corp.

6.875%

due

01/15/29 

100,000

100,582

7.000%

due

08/01/27 

150,000

151,131

8.250%

due

01/15/32 ~

75,000

77,857

Greenfire

Resources

Ltd.

(Canada) 

12.000%

due

10/01/28 ~

40,000

43,299

Gulfport

Energy

Corp.

6.750%

due

09/01/29 ~

94,000

95,217

Harbour

Energy

PLC

(United

Kingdom) 

5.500%

due

10/15/26 ~

200,000

199,299

Harvest

Midstream

I

LP

7.500%

due

09/01/28 ~

200,000

204,820

7.500%

due

05/15/32 ~

29,000

30,527

Helix

Energy

Solutions

Group,

Inc.

9.750%

due

03/01/29 ~

50,000

53,659

Hess

Midstream

Operations

LP

4.250%

due

02/15/30 ~

230,000

219,772

5.625%

due

02/15/26 ~

200,000

200,172

6.500%

due

06/01/29 ~

47,000

48,683

Hilcorp

Energy

I

LP/Hilcorp

Finance

Co.

6.000%

due

04/15/30 ~

50,000

48,780

6.250%

due

11/01/28 ~

300,000

299,646

6.250%

due

04/15/32 ~

250,000

243,545

6.875%

due

05/15/34 ~

67,000

66,897

8.375%

due

11/01/33 ~

85,000

91,705

Howard

Midstream

Energy

Partners

LLC

7.375%

due

07/15/32 ~

45,000

46,642

8.875%

due

07/15/28 ~

100,000

106,143

Ithaca

Energy

North

Sea

PLC

(United

Kingdom) 

9.000%

due

07/15/26 ~

200,000

203,311

ITT

Holdings

LLC

6.500%

due

08/01/29 ~

250,000

237,048

KCA

Deutag

U.K.

Finance

PLC

(United

Kingdom) 

9.875%

due

12/01/25 ~

100,000

100,735

Kinetik

Holdings

LP

5.875%

due

06/15/30 ~

290,000

292,210

6.625%

due

12/15/28 ~

255,000

264,860

Kodiak

Gas

Services

LLC

7.250%

due

02/15/29 ~

354,000

366,632

Kraken

Oil

&

Gas

Partners

LLC

7.625%

due

08/15/29 ~

125,000

124,945

Magnolia

Oil

&

Gas

Operating

LLC/

Magnolia

Oil

&

Gas

Finance

Corp.

6.000%

due

08/01/26 ~

100,000

99,601

Matador

Resources

Co.

6.250%

due

04/15/33 ~

152,000

149,831

6.500%

due

04/15/32 ~

56,000

55,958

6.875%

due

04/15/28 ~

55,000

55,985

MEG

Energy

Corp.

(Canada) 

5.875%

due

02/01/29 ~

200,000

195,846

Moss

Creek

Resources

Holdings,

Inc.

8.250%

due

09/01/31 ~

113,000

111,655

253

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Murphy

Oil

Corp.

due

10/01/32 #

$

113,000

$

111,575

5.875%

due

12/01/27 

76,000

76,986

6.375%

due

07/15/28 

323,000

328,410

Nabors

Industries,

Inc.

8.875%

due

08/15/31 ~

64,000

60,938

9.125%

due

01/31/30 ~

103,333

106,659

New

Fortress

Energy,

Inc.

6.750%

due

09/15/25 ~

325,000

311,618

8.750%

due

03/15/29 ~

100,000

75,372

NGL

Energy

Operating

LLC/NGL

Energy

Finance

Corp.

8.125%

due

02/15/29 ~

119,000

122,111

8.375%

due

02/15/32 ~

162,000

167,071

Noble

Finance

II

LLC

8.000%

due

04/15/30 ~

164,000

169,339

Northern

Oil

&

Gas,

Inc.

8.750%

due

06/15/31 ~

58,000

60,509

Northriver

Midstream

Finance

LP

(Canada) 

5.625%

due

02/15/26 ~

250,000

249,477

6.750%

due

07/15/32 ~

57,000

58,877

NuStar

Logistics

LP

6.000%

due

06/01/26 

171,000

172,150

Oceaneering

International,

Inc.

6.000%

due

02/01/28 

100,000

100,272

Parkland

Corp.

(Canada) 

4.500%

due

10/01/29 ~

140,000

132,644

5.875%

due

07/15/27 ~

132,000

131,767

6.625%

due

08/15/32 ~

97,000

98,549

PBF

Holding

Co.

LLC/PBF

Finance

Corp.

6.000%

due

02/15/28 

150,000

148,180

7.875%

due

09/15/30 ~

86,000

88,666

Permian

Resources

Operating

LLC

6.250%

due

02/01/33 ~

140,000

142,362

7.000%

due

01/15/32 ~

89,000

92,663

8.000%

due

04/15/27 ~

190,000

195,782

9.875%

due

07/15/31 ~

100,000

111,684

Prairie

Acquiror

LP

9.000%

due

08/01/29 ~

119,000

122,962

Precision

Drilling

Corp.

(Canada) 

6.875%

due

01/15/29 ~

250,000

249,683

Puma

International

Financing

SA

(Singapore) 

5.000%

due

01/24/26 ~

200,000

197,166

Range

Resources

Corp.

4.750%

due

02/15/30 ~

29,000

27,994

Rockies

Express

Pipeline

LLC

3.600%

due

05/15/25 ~

250,000

245,974

4.800%

due

05/15/30 ~

200,000

188,603

Saturn

Oil

&

Gas,

Inc.

(Canada) 

9.625%

due

06/15/29 ~

40,000

39,554

Sitio

Royalties

Operating

Partnership

LP/

Sitio

Finance

Corp.

7.875%

due

11/01/28 ~

335,000

350,723

SM

Energy

Co.

6.625%

due

01/15/27 

100,000

100,284

6.750%

due

09/15/26 

60,000

60,018

6.750%

due

08/01/29 ~

100,000

100,492

7.000%

due

08/01/32 ~

94,000

94,428

Solaris

Midstream

Holdings

LLC

7.625%

due

04/01/26 ~

100,000

100,836

a

Principal

Amount

Value

South

Bow

Canadian

Infrastructure

Holdings

Ltd.

(Canada) 

7.500%

due

03/01/55 ~

$

106,000

$

111,456

7.625%

due

03/01/55 ~

42,000

43,557

Southwestern

Energy

Co.

5.375%

due

02/01/29 

250,000

249,365

5.375%

due

03/15/30 

50,000

49,882

5.700%

due

01/23/25 

14,000

13,999

8.375%

due

09/15/28 

150,000

154,426

Star

Holding

LLC

8.750%

due

08/01/31 ~

250,000

238,713

Strathcona

Resources

Ltd.

(Canada) 

6.875%

due

08/01/26 ~

200,000

199,214

Summit

Midstream

Holdings

LLC

8.625%

due

10/31/29 ~

60,000

62,808

SunCoke

Energy,

Inc.

4.875%

due

06/30/29 ~

200,000

181,544

Sunnova

Energy

Corp.

5.875%

due

09/01/26 ~

110,000

102,798

11.750%

due

10/01/28 ~

31,000

29,710

Sunoco

LP

7.000%

due

05/01/29 ~

75,000

78,421

7.250%

due

05/01/32 ~

82,000

86,989

Sunoco

LP/Sunoco

Finance

Corp.

4.500%

due

05/15/29 

200,000

192,438

7.000%

due

09/15/28 ~

530,000

549,707

Tallgrass

Energy

Partners

LP/Tallgrass

Energy

Finance

Corp.

6.000%

due

12/31/30 ~

215,000

204,388

6.000%

due

09/01/31 ~

200,000

189,566

7.375%

due

02/15/29 ~

370,000

374,463

Talos

Production,

Inc.

9.000%

due

02/01/29 ~

370,000

381,323

9.375%

due

02/01/31 ~

78,000

80,260

TerraForm

Power

Operating

LLC

4.750%

due

01/15/30 ~

477,000

456,927

TransMontaigne

Partners

LP/TLP

Finance

Corp.

6.125%

due

02/15/26 

50,000

49,179

Transocean

Aquila

Ltd.

8.000%

due

09/30/28 ~

19,062

19,513

Transocean,

Inc.

8.250%

due

05/15/29 ~

40,000

39,689

8.500%

due

05/15/31 ~

153,000

152,126

9.350%

due

12/15/41 

490,000

441,430

USA

Compression

Partners

LP/USA

Compression

Finance

Corp.

7.125%

due

03/15/29 ~

525,000

541,140

Valaris

Ltd.

8.375%

due

04/30/30 ~

133,000

137,107

Venture

Global

Calcasieu

Pass

LLC

4.125%

due

08/15/31 ~

544,000

506,202

6.250%

due

01/15/30 ~

243,000

254,888

Venture

Global

LNG,

Inc.

7.000%

due

01/15/30 ~

215,000

219,808

8.125%

due

06/01/28 ~

344,000

358,857

8.375%

due

06/01/31 ~

313,000

330,718

9.500%

due

02/01/29 ~

687,000

774,338

9.875%

due

02/01/32 ~

223,000

247,935

Viper

Energy,

Inc.

7.375%

due

11/01/31 ~

25,000

26,462

Viridien

(France) 

8.750%

due

04/01/27 ~

300,000

292,613

254

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Vital

Energy,

Inc.

7.875%

due

04/15/32 ~

$

134,000

$

129,906

W&T

Offshore,

Inc.

11.750%

due

02/01/26 ~

150,000

153,044

Wildfire

Intermediate

Holdings

LLC

7.500%

due

10/15/29 ~

74,000

73,005

27,813,453

Financial

-

12.1%

Acrisure

LLC/Acrisure

Finance,

Inc.

4.250%

due

02/15/29 ~

340,000

321,488

7.500%

due

11/06/30 ~

185,000

190,544

8.250%

due

02/01/29 ~

113,000

116,692

8.500%

due

06/15/29 ~

54,000

56,435

AG

Issuer

LLC

6.250%

due

03/01/28 ~

70,000

68,496

AG

TTMT

Escrow

Issuer

LLC

8.625%

due

09/30/27 ~

120,000

123,128

Alliant

Holdings

Intermediate

LLC/Alliant

Holdings

Co-Issuer

4.250%

due

10/15/27 ~

220,000

210,793

6.500%

due

10/01/31 ~

174,000

176,042

6.750%

due

04/15/28 ~

80,000

81,355

7.000%

due

01/15/31 ~

626,000

643,762

7.375%

due

10/01/32 ~

108,000

109,631

Ally

Financial,

Inc.

6.700%

due

02/14/33 

150,000

153,500

AmWINS

Group,

Inc.

4.875%

due

06/30/29 ~

85,000

81,575

6.375%

due

02/15/29 ~

383,000

392,583

Anywhere

Real

Estate

Group

LLC/Realogy

Co-Issuer

Corp.

5.250%

due

04/15/30 ~

273,000

217,961

Apollo

Commercial

Real

Estate

Finance,

Inc.

4.625%

due

06/15/29 ~

150,000

134,398

Ardonagh

Group

Finance

Ltd.

(United

Kingdom) 

8.875%

due

02/15/32 ~

550,000

568,889

Aretec

Group,

Inc.

10.000%

due

08/15/30 ~

364,286

388,134

Assurant,

Inc.

7.000%

due

03/27/48 

200,000

202,777

AssuredPartners,

Inc.

7.500%

due

02/15/32 ~

67,000

68,917

Baldwin

Insurance

Group

Holdings

LLC/

Baldwin

Insurance

Group

Holdings

Finance

7.125%

due

05/15/31 ~

97,000

102,145

Banc

of

California

3.250%

due

05/01/31 

100,000

90,750

Brandywine

Operating

Partnership

LP

3.950%

due

11/15/27 

50,000

47,839

4.550%

due

10/01/29 

50,000

47,068

8.875%

due

04/12/29 

188,000

207,959

Bread

Financial

Holdings,

Inc.

9.750%

due

03/15/29 ~

134,000

141,717

Brightsphere

Investment

Group,

Inc.

4.800%

due

07/27/26 

100,000

98,026

BroadStreet

Partners,

Inc.

5.875%

due

04/15/29 ~

200,000

190,996

a

Principal

Amount

Value

Brookfield

Property

REIT,

Inc./BPR

Cumulus

LLC/BPR

Nimbus

LLC/GGSI

Sellco

LLC

4.500%

due

04/01/27 ~

$

131,000

$

127,598

Burford

Capital

Global

Finance

LLC

6.875%

due

04/15/30 ~

200,000

200,092

9.250%

due

07/01/31 ~

38,000

40,939

Castlelake

Aviation

Finance

DAC

5.000%

due

04/15/27 ~

100,000

100,623

Coinbase

Global,

Inc.

3.375%

due

10/01/28 ~

200,000

179,856

3.625%

due

10/01/31 ~

85,000

72,095

Constellation

Insurance,

Inc.

6.800%

due

01/24/30 ~

400,000

402,809

Credit

Acceptance

Corp.

6.625%

due

03/15/26 

200,000

200,268

9.250%

due

12/15/28 ~

88,000

94,217

CTR

Partnership

LP/CareTrust

Capital

Corp.

3.875%

due

06/30/28 ~

100,000

95,395

Cushman

&

Wakefield

U.S.

Borrower

LLC

6.750%

due

05/15/28 ~

200,000

202,000

8.875%

due

09/01/31 ~

53,000

57,912

Encore

Capital

Group,

Inc.

9.250%

due

04/01/29 ~

200,000

215,440

Enova

International,

Inc.

9.125%

due

08/01/29 ~

28,000

28,755

11.250%

due

12/15/28 ~

63,000

67,871

Five

Point

Operating

Co.

LP/Five

Point

Capital

Corp.

10.500%

due

01/15/28 ~ §

50,000

51,202

Focus

Financial

Partners

LLC

6.750%

due

09/15/31 ~

170,000

171,733

Freedom

Mortgage

Corp.

7.625%

due

05/01/26 ~

440,000

444,365

12.000%

due

10/01/28 ~

108,000

118,072

12.250%

due

10/01/30 ~

89,000

99,757

Freedom

Mortgage

Holdings

LLC

9.125%

due

05/15/31 ~

113,000

116,318

9.250%

due

02/01/29 ~

175,000

182,048

Genworth

Holdings,

Inc.

6.500%

due

06/15/34 

100,000

100,330

GGAM

Finance

Ltd.

(Ireland) 

5.875%

due

03/15/30 ~

43,000

43,164

6.875%

due

04/15/29 ~

22,000

22,941

7.750%

due

05/15/26 ~

150,000

153,635

8.000%

due

02/15/27 ~

163,000

170,439

8.000%

due

06/15/28 ~

100,000

107,248

Global

Aircraft

Leasing

Co.

Ltd.

(Cayman) 

8.750%

due

09/01/27 ~

197,000

200,153

Global

Atlantic

Fin

Co.

4.700%

due

10/15/51 ~

250,000

239,405

7.950%

due

10/15/54 ~

35,000

36,622

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership

LP

3.750%

due

12/15/27 ~

250,000

233,269

goeasy

Ltd.

(Canada) 

4.375%

due

05/01/26 ~

75,000

74,031

7.625%

due

07/01/29 ~

80,000

82,960

9.250%

due

12/01/28 ~

62,000

66,806

Greystar

Real

Estate

Partners

LLC

7.750%

due

09/01/30 ~

60,000

63,773

255

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

GTCR

AP

Finance,

Inc.

8.000%

due

05/15/27 ~

$

50,000

$

50,033

Hightower

Holding

LLC

6.750%

due

04/15/29 ~

83,000

79,670

9.125%

due

01/31/30 ~

45,000

47,004

Howard

Hughes

Corp.

4.125%

due

02/01/29 ~

400,000

373,467

Howden

U.K.

Refinance

PLC/Howden

U.K.

Refinance

2

PLC/Howden

U.S.

Refinance

LLC

(United

Kingdom) 

7.250%

due

02/15/31 ~

200,000

207,708

HUB

International

Ltd.

7.250%

due

06/15/30 ~

475,000

495,285

7.375%

due

01/31/32 ~

270,000

278,969

Hudson

Pacific

Properties

LP

3.250%

due

01/15/30 

50,000

37,954

3.950%

due

11/01/27 

50,000

45,242

4.650%

due

04/01/29 

150,000

124,747

5.950%

due

02/15/28 

50,000

45,917

Hunt

Cos.,

Inc.

5.250%

due

04/15/29 ~

200,000

193,677

Icahn

Enterprises

LP/Icahn

Enterprises

Finance

Corp.

4.375%

due

02/01/29 

550,000

481,147

5.250%

due

05/15/27 

200,000

191,811

6.250%

due

05/15/26 

100,000

99,305

9.000%

due

06/15/30 ~

125,000

126,165

9.750%

due

01/15/29 ~

115,000

119,453

Intesa

Sanpaolo

SpA

(Italy) 

4.950%

due

06/01/42 ~

250,000

200,878

Iron

Mountain

Information

Management

Services,

Inc.

5.000%

due

07/15/32 ~

150,000

144,708

Iron

Mountain,

Inc.

5.000%

due

07/15/28 ~

365,000

360,515

5.250%

due

07/15/30 ~

125,000

123,526

5.625%

due

07/15/32 ~

500,000

499,169

7.000%

due

02/15/29 ~

183,000

190,891

Jane

Street

Group/JSG

Finance,

Inc.

7.125%

due

04/30/31 ~

188,000

199,353

Jefferies

Finance

LLC/JFIN

Co-Issuer

Corp.

5.000%

due

08/15/28 ~

250,000

237,908

Jefferson

Capital

Holdings

LLC

6.000%

due

08/15/26 ~

5,000

5,005

9.500%

due

02/15/29 ~

45,000

48,087

Jones

Deslauriers

Insurance

Management,

Inc.

(Canada) 

8.500%

due

03/15/30 ~

245,000

262,340

10.500%

due

12/15/30 ~

100,000

108,834

Kennedy-Wilson,

Inc.

4.750%

due

03/01/29 

155,000

143,614

4.750%

due

02/01/30 

180,000

163,392

Ladder

Capital

Finance

Holdings

LLLP/

Ladder

Capital

Finance

Corp.

5.250%

due

10/01/25 ~

250,000

249,796

7.000%

due

07/15/31 ~

47,000

49,878

LD

Holdings

Group

LLC

8.750%

due

11/01/27 ~

68,000

66,052

Liberty

Mutual

Group,

Inc.

4.125%

due

12/15/51 ~

250,000

236,568

4.300%

due

02/01/61 ~

100,000

67,279

a

Principal

Amount

Value

Macquarie

Airfinance

Holdings

Ltd.

(United

Kingdom) 

6.400%

due

03/26/29 ~

$

75,000

$

78,114

8.125%

due

03/30/29 ~

131,000

138,874

Midcap

Financial

Issuer

Trust

5.625%

due

01/15/30 ~

250,000

230,947

MPT

Operating

Partnership

LP/MPT

Finance

Corp.

3.500%

due

03/15/31 

290,000

212,022

5.000%

due

10/15/27 

250,000

224,497

5.250%

due

08/01/26 

300,000

285,966

Nationstar

Mortgage

Holdings,

Inc.

5.125%

due

12/15/30 ~

605,000

580,866

6.500%

due

08/01/29 ~

125,000

127,208

7.125%

due

02/01/32 ~

144,000

150,506

Navient

Corp.

5.625%

due

08/01/33 

150,000

133,212

6.750%

due

06/25/25 

200,000

201,384

6.750%

due

06/15/26 

100,000

102,305

9.375%

due

07/25/30 

67,000

74,391

11.500%

due

03/15/31 

145,000

165,800

Newmark

Group,

Inc.

7.500%

due

01/12/29 

93,000

100,547

Office

Properties

Income

Trust

9.000%

due

03/31/29 ~

36,000

35,430

9.000%

due

09/30/29 ~

200,000

171,390

OneMain

Finance

Corp.

3.500%

due

01/15/27 

355,000

339,593

4.000%

due

09/15/30 

160,000

142,637

6.625%

due

01/15/28 

216,000

220,093

7.125%

due

11/15/31 

158,000

160,016

7.500%

due

05/15/31 

149,000

153,508

7.875%

due

03/15/30 

150,000

156,944

9.000%

due

01/15/29 

121,000

128,323

Osaic

Holdings,

Inc.

10.750%

due

08/01/27 ~

100,000

101,899

Oxford

Finance

LLC/Oxford

Finance

Co-

Issuer

II,

Inc.

6.375%

due

02/01/27 ~

75,000

74,573

Panther

Escrow

Issuer

LLC

7.125%

due

06/01/31 ~

277,000

290,765

Park

Intermediate

Holdings

LLC/PK

Domestic

Property

LLC/PK

Finance

Co-Issuer

4.875%

due

05/15/29 ~

388,000

376,826

7.000%

due

02/01/30 ~

81,000

84,270

Pebblebrook

Hotel

LP/PEB

Finance

Corp.

due

10/15/29 # ~

25,000

25,187

PennyMac

Financial

Services,

Inc.

5.375%

due

10/15/25 ~

225,000

224,809

5.750%

due

09/15/31 ~

100,000

98,104

7.125%

due

11/15/30 ~

63,000

65,281

7.875%

due

12/15/29 ~

99,000

105,653

PRA

Group,

Inc.

5.000%

due

10/01/29 ~

350,000

322,292

8.375%

due

02/01/28 ~

75,000

77,695

8.875%

due

01/31/30 ~

50,000

52,141

Provident

Funding

Associates

LP/PFG

Finance

Corp.

6.375%

due

06/15/25 ~

300,000

300,732

9.750%

due

09/15/29 ~

50,000

50,985

256

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

RHP

Hotel

Properties

LP/RHP

Finance

Corp.

4.500%

due

02/15/29 ~

$

110,000

$

106,526

6.500%

due

04/01/32 ~

94,000

97,214

7.250%

due

07/15/28 ~

266,000

278,572

Rithm

Capital

Corp.

8.000%

due

04/01/29 ~

150,000

151,919

Rocket

Mortgage

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

2.875%

due

10/15/26 ~

339,000

325,720

4.000%

due

10/15/33 ~

50,000

44,707

Ryan

Specialty

LLC

4.375%

due

02/01/30 ~

120,000

115,794

5.875%

due

08/01/32 ~

92,000

93,596

SBA

Communications

Corp.

3.125%

due

02/01/29 

315,000

291,413

Service

Properties

Trust

3.950%

due

01/15/28 

200,000

173,159

4.750%

due

10/01/26 

150,000

144,274

5.500%

due

12/15/27 

350,000

333,518

8.375%

due

06/15/29 

125,000

124,983

8.625%

due

11/15/31 ~

125,000

136,037

8.875%

due

06/15/32 

100,000

95,607

SLM

Corp.

3.125%

due

11/02/26 

175,000

168,384

4.200%

due

10/29/25 

60,000

59,365

Starwood

Property

Trust,

Inc.

due

04/15/30 # ~

54,000

54,078

3.625%

due

07/15/26 ~

110,000

106,310

3.750%

due

12/31/24 ~

63,000

62,695

4.375%

due

01/15/27 ~

125,000

121,920

7.250%

due

04/01/29 ~

88,000

92,383

StoneX

Group,

Inc.

7.875%

due

03/01/31 ~

78,000

83,121

Synchrony

Financial

7.250%

due

02/02/33 

188,000

195,427

Synovus

Financial

Corp.

7.538%

due

02/07/29 

100,000

101,245

UniCredit

SpA

(Italy) 

5.459%

due

06/30/35 ~

450,000

442,943

United

Wholesale

Mortgage

LLC

5.500%

due

11/15/25 ~

95,000

94,901

Uniti

Group

LP/Uniti

Fiber

Holdings,

Inc./

CSL

Capital

LLC

6.000%

due

01/15/30 ~

150,000

128,117

Uniti

Group

LP/Uniti

Group

Finance,

Inc./

CSL

Capital

LLC

4.750%

due

04/15/28 ~

250,000

232,134

6.500%

due

02/15/29 ~

275,000

239,061

10.500%

due

02/15/28 ~

451,000

481,763

USI,

Inc.

7.500%

due

01/15/32 ~

107,000

110,980

VFH

Parent

LLC/Valor

Co-Issuer,

Inc.

7.500%

due

06/15/31 ~

47,000

49,332

Vornado

Realty

LP

2.150%

due

06/01/26 

50,000

47,634

3.400%

due

06/01/31 

63,000

54,348

3.500%

due

01/15/25 

28,000

27,793

Western

Alliance

Bancorp

3.000%

due

06/15/31 

200,000

184,458

28,670,304

a

Principal

Amount

Value

Industrial

-

11.0%

AAR

Escrow

Issuer

LLC

6.750%

due

03/15/29 ~

$

80,000

$

83,271

Advanced

Drainage

Systems,

Inc.

6.375%

due

06/15/30 ~

82,000

83,840

AECOM

5.125%

due

03/15/27 

165,000

165,852

AmeriTex

HoldCo

Intermediate

LLC

10.250%

due

10/15/28 ~

63,000

65,982

Arcosa,

Inc.

6.875%

due

08/15/32 ~

83,000

86,935

Ardagh

Metal

Packaging

Finance

USA

LLC/

Ardagh

Metal

Packaging

Finance

PLC

3.250%

due

09/01/28 ~

300,000

274,891

6.000%

due

06/15/27 ~

200,000

201,622

Ardagh

Packaging

Finance

PLC/Ardagh

Holdings

USA,

Inc.

5.250%

due

08/15/27 ~

300,000

223,910

Artera

Services

LLC

8.500%

due

02/15/31 ~

277,778

275,251

Atkore,

Inc.

4.250%

due

06/01/31 ~

99,000

90,592

ATS

Corp.

(Canada) 

4.125%

due

12/15/28 ~

200,000

188,492

Ball

Corp.

3.125%

due

09/15/31 

400,000

355,629

6.000%

due

06/15/29 

175,000

181,327

Berry

Global,

Inc.

4.500%

due

02/15/26 ~

389,000

384,309

Bombardier,

Inc.

(Canada) 

6.000%

due

02/15/28 ~

767,000

772,707

7.000%

due

06/01/32 ~

75,000

78,539

7.250%

due

07/01/31 ~

84,000

88,909

7.500%

due

02/01/29 ~

115,000

121,780

8.750%

due

11/15/30 ~

108,000

118,727

Brand

Industrial

Services,

Inc.

10.375%

due

08/01/30 ~

406,000

435,273

Brightline

East

LLC

11.000%

due

01/31/30 ~

150,000

127,642

Builders

FirstSource,

Inc.

4.250%

due

02/01/32 ~

400,000

370,070

6.375%

due

03/01/34 ~

105,000

109,158

BWX

Technologies,

Inc.

4.125%

due

04/15/29 ~

200,000

192,368

Calderys

Financing

LLC

(France) 

11.250%

due

06/01/28 ~

125,000

134,533

Cascades,

Inc./Cascades

USA,

Inc.

(Canada) 

5.125%

due

01/15/26 ~

250,000

248,455

Chart

Industries,

Inc.

9.500%

due

01/01/31 ~

100,000

109,087

Clean

Harbors,

Inc.

5.125%

due

07/15/29 ~

100,000

98,834

Clearwater

Paper

Corp.

4.750%

due

08/15/28 ~

250,000

235,599

Clydesdale

Acquisition

Holdings,

Inc.

6.875%

due

01/15/30 ~

67,000

68,506

8.750%

due

04/15/30 ~

327,000

332,379

Coherent

Corp.

5.000%

due

12/15/29 ~

200,000

195,771

Cornerstone

Building

Brands,

Inc.

6.125%

due

01/15/29 ~

200,000

177,159

9.500%

due

08/15/29 ~

80,000

82,246

257

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

CP

Atlas

Buyer,

Inc.

7.000%

due

12/01/28 ~

$

200,000

$

185,377

Crown

Americas

LLC/Crown

Americas

Capital

Corp.

V

4.250%

due

09/30/26 

190,000

187,177

Crown

Americas

LLC/Crown

Americas

Capital

Corp.

VI

4.750%

due

02/01/26 

400,000

398,934

Eco

Material

Technologies,

Inc.

7.875%

due

01/31/27 ~

143,000

144,596

EMRLD

Borrower

LP/Emerald

Co-Issuer,

Inc.

6.625%

due

12/15/30 ~

395,000

407,776

6.750%

due

07/15/31 ~

53,000

55,316

Energizer

Holdings,

Inc.

4.750%

due

06/15/28 ~

100,000

97,131

6.500%

due

12/31/27 ~

100,000

102,089

EnerSys

4.375%

due

12/15/27 ~

150,000

145,824

6.625%

due

01/15/32 ~

30,000

31,067

Enpro,

Inc.

5.750%

due

10/15/26 

100,000

99,350

EquipmentShare.com,

Inc.

8.000%

due

03/15/33 ~

88,000

90,156

8.625%

due

05/15/32 ~

83,000

87,179

9.000%

due

05/15/28 ~

137,000

143,237

Esab

Corp.

6.250%

due

04/15/29 ~

334,000

343,455

F-Brasile

SpA/F-Brasile

U.S.

LLC

(Italy) 

7.375%

due

08/15/26 ~

200,000

199,578

Fortress

Transportation

&

Infrastructure

Investors

LLC

7.000%

due

05/01/31 ~

75,000

79,120

7.000%

due

06/15/32 ~

113,000

118,718

7.875%

due

12/01/30 ~

358,333

386,390

Fortress

Transportation

and

Infrastructure

Investors

LLC

5.875%

due

04/15/33 

100,000

99,500

FXI

Holdings,

Inc.

12.250%

due

11/15/26 ~

313,000

312,551

Genesee

&

Wyoming,

Inc.

6.250%

due

04/15/32 ~

33,000

33,977

GFL

Environmental,

Inc.

3.500%

due

09/01/28 ~

400,000

381,146

6.750%

due

01/15/31 ~

520,000

546,043

GN

Bondco

LLC

9.500%

due

10/15/31 ~

33,000

34,766

GrafTech

Finance,

Inc.

4.625%

due

12/15/28 ~

200,000

133,783

Graphic

Packaging

International

LLC

3.750%

due

02/01/30 ~

175,000

164,037

4.750%

due

07/15/27 ~

200,000

198,126

6.375%

due

07/15/32 ~

40,000

41,318

Great

Lakes

Dredge

&

Dock

Corp.

5.250%

due

06/01/29 ~

250,000

232,627

Griffon

Corp.

5.750%

due

03/01/28 

275,000

271,785

Hillenbrand,

Inc.

3.750%

due

03/01/31 

125,000

111,930

6.250%

due

02/15/29 

225,000

229,245

Husky

Injection

Molding

Systems

Ltd./Titan

Co-Borrower

LLC

(Canada) 

9.000%

due

02/15/29 ~

31,000

32,388

a

Principal

Amount

Value

Imola

Merger

Corp.

4.750%

due

05/15/29 ~

$

130,000

$

126,965

INNOVATE

Corp.

8.500%

due

02/01/26 ~

250,000

199,864

Intelligent

Packaging

Ltd.

Finco,

Inc./

Intelligent

Packaging

Ltd.

Co-Issuer

LLC

(Canada) 

6.000%

due

09/15/28 ~

117,000

116,300

Iris

Holding,

Inc.

10.000%

due

12/15/28 ~

175,000

152,704

James

Hardie

International

Finance

DAC

5.000%

due

01/15/28 ~

200,000

197,893

JELD-WEN,

Inc.

7.000%

due

09/01/32 ~

42,000

42,482

Knife

River

Corp.

7.750%

due

05/01/31 ~

65,000

69,175

LABL,

Inc.

due

10/01/31 # ~

178,000

176,837

5.875%

due

11/01/28 ~

40,000

37,537

6.750%

due

07/15/26 ~

200,000

199,960

9.500%

due

11/01/28 ~

43,000

44,485

10.500%

due

07/15/27 ~

300,000

300,814

Louisiana-Pacific

Corp.

3.625%

due

03/15/29 ~

99,000

94,206

Madison

IAQ

LLC

4.125%

due

06/30/28 ~

210,000

202,824

Manitowoc

Co.,

Inc.

9.250%

due

10/01/31 ~

40,000

41,050

Masterbrand,

Inc.

7.000%

due

07/15/32 ~

53,000

55,588

Mauser

Packaging

Solutions

Holding

Co.

9.250%

due

04/15/27 ~

555,000

569,601

Maxim

Crane

Works

Holdings

Capital

LLC

11.500%

due

09/01/28 ~

83,000

88,080

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower

LLC

6.750%

due

04/01/32 ~

93,000

96,464

Moog,

Inc.

4.250%

due

12/15/27 ~

100,000

97,199

Mueller

Water

Products,

Inc.

4.000%

due

06/15/29 ~

50,000

47,737

NAC

Aviation

29

DAC

(Ireland) 

4.750%

due

06/30/26 

192,309

184,261

New

Enterprise

Stone

&

Lime

Co.,

Inc.

5.250%

due

07/15/28 ~

120,000

117,291

OI

European

Group

BV

4.750%

due

02/15/30 ~

200,000

189,307

Oscar

AcquisitionCo

LLC/Oscar

Finance,

Inc.

9.500%

due

04/15/30 ~

100,000

97,574

Owens-Brockway

Glass

Container,

Inc.

7.250%

due

05/15/31 ~

100,000

102,858

7.375%

due

06/01/32 ~

30,000

30,676

Pactiv

Evergreen

Group

Issuer

LLC/Pactiv

Evergreen

Group

Issuer,

Inc.

4.375%

due

10/15/28 ~

100,000

95,878

Pactiv

Evergreen

Group

Issuer,

Inc./Pactiv

Evergreen

Group

Issuer

LLC

4.000%

due

10/15/27 ~

200,000

192,495

Pactiv

LLC

7.950%

due

12/15/25 

100,000

103,344

8.375%

due

04/15/27 

100,000

106,750

258

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Railworks

Holdings

LP/Railworks

Rally,

Inc.

8.250%

due

11/15/28 ~

$

150,000

$

155,295

Rand

Parent

LLC

8.500%

due

02/15/30 ~

230,000

234,793

Reworld

Holding

Corp.

5.000%

due

09/01/30 

200,000

188,022

Roller

Bearing

Co.

of

America,

Inc.

4.375%

due

10/15/29 ~

50,000

48,032

Sealed

Air

Corp.

5.000%

due

04/15/29 ~

500,000

492,942

6.500%

due

07/15/32 ~

75,000

77,533

6.875%

due

07/15/33 ~

54,000

58,908

Sealed

Air

Corp./Sealed

Air

Corp.

U.S.

6.125%

due

02/01/28 ~

107,000

108,886

7.250%

due

02/15/31 ~

63,000

66,757

Seaspan

Corp.

(Hong

Kong) 

5.500%

due

08/01/29 ~

121,000

115,354

Sensata

Technologies

BV

5.875%

due

09/01/30 ~

109,000

109,529

Sensata

Technologies,

Inc.

3.750%

due

02/15/31 ~

200,000

183,327

Silgan

Holdings,

Inc.

4.125%

due

02/01/28 

340,000

332,026

Smyrna

Ready

Mix

Concrete

LLC

6.000%

due

11/01/28 ~

400,000

401,854

8.875%

due

11/15/31 ~

159,000

171,669

Spirit

AeroSystems,

Inc.

4.600%

due

06/15/28 

505,000

482,973

9.375%

due

11/30/29 ~

150,000

162,915

9.750%

due

11/15/30 ~

150,000

167,438

SPX

FLOW,

Inc.

8.750%

due

04/01/30 ~

167,000

175,353

Standard

Building

Solutions,

Inc.

6.500%

due

08/15/32 ~

40,000

41,452

Standard

Industries,

Inc.

3.375%

due

01/15/31 ~

500,000

445,867

5.000%

due

02/15/27 ~

210,000

208,397

Summit

Materials

LLC/Summit

Materials

Finance

Corp.

5.250%

due

01/15/29 ~

165,000

163,341

7.250%

due

01/15/31 ~

112,000

118,751

Terex

Corp.

due

10/15/32 # ~

94,000

94,000

TopBuild

Corp.

4.125%

due

02/15/32 ~

35,000

32,272

TransDigm,

Inc.

4.625%

due

01/15/29 

488,000

471,674

6.000%

due

01/15/33 ~

275,000

279,102

6.375%

due

03/01/29 ~

1,000,000

1,032,970

6.625%

due

03/01/32 ~

147,000

153,261

6.750%

due

08/15/28 ~

289,000

297,825

6.875%

due

12/15/30 ~

214,000

224,297

7.125%

due

12/01/31 ~

168,000

177,897

Trident

TPI

Holdings,

Inc.

12.750%

due

12/31/28 ~

110,000

122,251

TriMas

Corp.

4.125%

due

04/15/29 ~

100,000

95,860

Trinity

Industries,

Inc.

7.750%

due

07/15/28 ~

90,000

94,519

Triumph

Group,

Inc.

9.000%

due

03/15/28 ~

109,000

114,239

a

Principal

Amount

Value

Trivium

Packaging

Finance

BV

(Netherlands) 

8.500%

due

08/15/27 ~

$

200,000

$

200,677

Tutor

Perini

Corp.

11.875%

due

04/30/29 ~

66,000

73,633

Waste

Pro

USA,

Inc.

5.500%

due

02/15/26 ~

90,000

89,836

Watco

Cos.

LLC/Watco

Finance

Corp.

7.125%

due

08/01/32 ~

42,000

43,812

Weekley

Homes

LLC/Weekley

Finance

Corp.

4.875%

due

09/15/28 ~

134,000

130,593

Werner

FinCo

LP/Werner

FinCo,

Inc.

11.500%

due

06/15/28 ~

100,000

110,270

WESCO

Distribution,

Inc.

6.375%

due

03/15/29 ~

60,000

62,062

6.625%

due

03/15/32 ~

60,000

62,571

7.250%

due

06/15/28 ~

190,000

194,708

Wilsonart

LLC

11.000%

due

08/15/32 ~

87,000

87,110

Wrangler

Holdco

Corp.

(Canada) 

6.625%

due

04/01/32 ~

29,000

30,169

XPO,

Inc.

7.125%

due

06/01/31 ~

83,000

86,977

7.125%

due

02/01/32 ~

63,000

66,376

26,203,911

Technology

-

4.7%

Ahead

DB

Holdings

LLC

6.625%

due

05/01/28 ~

33,000

31,960

Alteryx,

Inc.

8.750%

due

03/15/28 ~

294,000

302,363

Amentum

Escrow

Corp.

7.250%

due

08/01/32 ~

70,000

73,118

ams-OSRAM

AG

(Austria) 

12.250%

due

03/30/29 ~

250,000

266,116

ASGN,

Inc.

4.625%

due

05/15/28 ~

129,000

125,410

AthenaHealth

Group,

Inc.

6.500%

due

02/15/30 ~

435,000

418,200

Camelot

Finance

SA

4.500%

due

11/01/26 ~

200,000

197,260

Capstone

Borrower,

Inc.

8.000%

due

06/15/30 ~

119,000

126,201

Central

Parent

LLC/CDK

Global

II

LLC/CDK

Financing

Co.,

Inc.

8.000%

due

06/15/29 ~

299,000

311,253

Central

Parent,

Inc./CDK

Global,

Inc.

7.250%

due

06/15/29 ~

185,000

189,351

Clarivate

Science

Holdings

Corp.

4.875%

due

07/01/29 ~

250,000

240,699

Cloud

Software

Group,

Inc.

6.500%

due

03/31/29 ~

475,000

473,010

8.250%

due

06/30/32 ~

297,000

310,693

9.000%

due

09/30/29 ~

620,000

631,452

Conduent

Business

Services

LLC/Conduent

State

&

Local

Solutions,

Inc.

6.000%

due

11/01/29 ~

100,000

96,434

Consensus

Cloud

Solutions,

Inc.

6.500%

due

10/15/28 ~

90,000

90,057

Crane

NXT

Co.

4.200%

due

03/15/48 

50,000

34,427

6.550%

due

11/15/36 

250,000

255,864

259

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Principal

Amount

Value

Dye

&

Durham

Ltd.

(Canada) 

8.625%

due

04/15/29 ~

$

327,000

$

346,214

Elastic

NV

4.125%

due

07/15/29 ~

165,000

154,321

Entegris,

Inc.

5.950%

due

06/15/30 ~

250,000

254,864

Fair

Isaac

Corp.

4.000%

due

06/15/28 ~

100,000

96,845

5.250%

due

05/15/26 ~

100,000

100,069

Fortress

Intermediate

3,

Inc.

7.500%

due

06/01/31 ~

133,000

140,485

Insight

Enterprises,

Inc.

6.625%

due

05/15/32 ~

62,000

64,769

McAfee

Corp.

7.375%

due

02/15/30 ~

465,000

453,997

NCR

Atleos

Corp.

9.500%

due

04/01/29 ~

150,000

165,250

NCR

Voyix

Corp.

5.125%

due

04/15/29 ~

96,000

94,025

ON

Semiconductor

Corp.

3.875%

due

09/01/28 ~

205,000

195,637

Open

Text

Corp.

(Canada) 

3.875%

due

12/01/29 ~

117,000

108,874

Open

Text

Holdings,

Inc.

(Canada) 

4.125%

due

02/15/30 ~

500,000

469,837

Pitney

Bowes,

Inc.

6.875%

due

03/15/27 ~

350,000

348,209

Playtika

Holding

Corp.

4.250%

due

03/15/29 ~

250,000

229,649

PTC,

Inc.

3.625%

due

02/15/25 ~

77,000

76,800

4.000%

due

02/15/28 ~

250,000

242,738

Rackspace

Finance

LLC

3.500%

due

05/15/28 ~

140,000

70,234

RingCentral,

Inc.

8.500%

due

08/15/30 ~

50,000

53,538

ROBLOX

Corp.

3.875%

due

05/01/30 ~

400,000

372,722

Rocket

Software,

Inc.

6.500%

due

02/15/29 ~

300,000

285,756

9.000%

due

11/28/28 ~

50,000

52,221

Science

Applications

International

Corp.

4.875%

due

04/01/28 ~

160,000

156,823

Seagate

HDD

Cayman

4.091%

due

06/01/29 

98,000

94,193

5.750%

due

12/01/34 

50,000

50,443

8.250%

due

12/15/29 

150,000

162,972

8.500%

due

07/15/31 

150,000

163,829

SS&C

Technologies,

Inc.

5.500%

due

09/30/27 ~

318,000

318,107

6.500%

due

06/01/32 ~

113,000

116,915

Synaptics,

Inc.

4.000%

due

06/15/29 ~

200,000

189,623

UKG,

Inc.

6.875%

due

02/01/31 ~

190,000

196,465

Unisys

Corp.

6.875%

due

11/01/27 ~

200,000

193,150

Veritas

U.S.,

Inc./Veritas

Bermuda

Ltd.

7.500%

due

09/01/25 ~

40,000

37,562

Virtusa

Corp.

7.125%

due

12/15/28 ~

99,000

93,829

Western

Digital

Corp.

4.750%

due

02/15/26 

350,000

348,374

a

Principal

Amount

Value

Xerox

Corp.

6.750%

due

12/15/39 

$

150,000

$

115,838

Xerox

Holdings

Corp.

5.500%

due

08/15/28 ~

250,000

213,690

8.875%

due

11/30/29 ~

77,000

71,617

Zebra

Technologies

Corp.

6.500%

due

06/01/32 ~

46,000

48,064

ZoomInfo

Technologies

LLC/ZoomInfo

Finance

Corp.

3.875%

due

02/01/29 ~

100,000

92,524

11,214,940

Utilities

-

2.6%

AES

Corp.

7.600%

due

01/15/55 

150,000

157,846

Algonquin

Power

&

Utilities

Corp.

(Canada) 

4.750%

due

01/18/82 

100,000

93,757

Alpha

Generation

LLC

6.750%

due

10/15/32 ~

156,000

158,297

AltaGas

Ltd.

(Canada) 

7.200%

due

10/15/54 ~

247,000

252,899

AmeriGas

Partners

LP/AmeriGas

Finance

Corp.

5.500%

due

05/20/25 

66,000

65,817

5.875%

due

08/20/26 

334,000

331,954

9.375%

due

06/01/28 ~

63,000

66,212

Calpine

Corp.

3.750%

due

03/01/31 ~

265,000

245,803

4.500%

due

02/15/28 ~

107,000

104,547

4.625%

due

02/01/29 ~

200,000

193,335

5.000%

due

02/01/31 ~

185,000

179,282

5.250%

due

06/01/26 ~

83,000

82,738

Clearway

Energy

Operating

LLC

3.750%

due

02/15/31 ~

35,000

32,081

3.750%

due

01/15/32 ~

175,000

158,500

4.750%

due

03/15/28 ~

374,000

367,285

DPL,

Inc.

4.125%

due

07/01/25 

150,000

148,625

4.350%

due

04/15/29 

150,000

143,250

Edison

International

7.875%

due

06/15/54 

31,000

32,641

8.125%

due

06/15/53 

200,000

210,501

EUSHI

Finance,

Inc.

7.625%

due

12/15/54 ~

150,000

158,644

Lightning

Power

LLC

7.250%

due

08/15/32 ~

273,400

287,725

NextEra

Energy

Operating

Partners

LP

4.500%

due

09/15/27 ~

158,000

154,494

7.250%

due

01/15/29 ~

87,000

91,800

NRG

Energy,

Inc.

3.375%

due

02/15/29 ~

90,000

83,974

3.625%

due

02/15/31 ~

150,000

136,062

3.875%

due

02/15/32 ~

89,000

81,156

5.750%

due

01/15/28 

103,000

103,848

Pattern

Energy

Operations

LP/Pattern

Energy

Operations,

Inc.

4.500%

due

08/15/28 ~

185,000

179,113

PG&E

Corp.

5.000%

due

07/01/28 

315,000

312,501

7.375%

due

03/15/55 

163,000

171,374

Pike

Corp.

5.500%

due

09/01/28 ~

171,000

167,629

8.625%

due

01/31/31 ~

50,000

53,524

260

PACIFIC

SELECT

FUND

PD

HIGH

YIELD

BOND

MARKET

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$1,125

or

0.0%

of

the

Fund’s

net

assets were

in

default.

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

a

Principal

Amount

Value

Talen

Energy

Supply

LLC

8.625%

due

06/01/30 ~

$

230,000

$

250,851

TransAlta

Corp.

(Canada) 

6.500%

due

03/15/40 

100,000

106,068

Vistra

Operations

Co.

LLC

5.000%

due

07/31/27 ~

74,000

73,697

5.625%

due

02/15/27 ~

500,000

499,603

6.875%

due

04/15/32 ~

120,000

126,330

7.750%

due

10/15/31 ~

204,000

219,783

6,283,546

Total

Corporate

Bonds

&

Notes

    (Cost

$235,711,640)

236,469,112

Shares

SHORT-TERM

INVESTMENTS

-

0.0%

Money

Market

Funds

-

0.0%

BlackRock

Liquidity

Funds:

T-Fund

Institutional

Shares

5.192%

34,292

34,292

a

Total

Short-Term

Investments

(Cost

$34,292)

34,292

TOTAL

INVESTMENTS

-

99.4%

(Cost

$235,790,923)

236,505,745

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.6%

1,352,150

NET

ASSETS

-

100.0%

$

237,857,895

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

2,341

$

2,341

$

–

$

–

Corporate

Bonds

&

Notes

236,469,112

–

236,469,112

–

Short-Term

Investments

34,292

34,292

–

–

Total

$

236,505,745

$

36,633

$

236,469,112

$

–

PACIFIC

SELECT

FUND

PD

LARGE-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

261

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

98.0%

Basic

Materials

-

0.5%

spacing

Celanese

Corp.

1,211

$

164,647

Cleveland-Cliffs,

Inc.

*

6,523

83,299

Ecolab,

Inc.

9,163

2,339,589

RPM

International,

Inc.

1,276

154,396

Sherwin-Williams

Co.

9,079

3,465,182

Southern

Copper

Corp.

(Mexico) 

3,722

430,524

6,637,637

Communications

-

21.2%

spacing

Airbnb,

Inc.

Class A *

18,478

2,343,195

Alphabet,

Inc.

Class A 

250,523

41,549,239

Alphabet,

Inc.

Class C 

209,927

35,097,695

Amazon.com,

Inc.

*

395,940

73,775,500

Arista

Networks,

Inc.

*

10,959

4,206,283

Booking

Holdings,

Inc.

1,364

5,745,332

CDW

Corp.

2,883

652,423

Coupang,

Inc.

*

(South

Korea) 

49,573

1,217,017

DoorDash,

Inc.

Class A *

12,993

1,854,491

Etsy,

Inc.

*

3,232

179,473

Expedia

Group,

Inc.

*

5,392

798,124

FactSet

Research

Systems,

Inc.

574

263,954

GoDaddy,

Inc.

Class A *

6,029

945,227

Iridium

Communications,

Inc.

465

14,159

Liberty

Broadband

Corp.

Class A *

98

7,528

Liberty

Broadband

Corp.

Class C *

1,464

113,153

Liberty

Media

Corp.-Liberty

Formula

One

Class A *

524

37,482

Liberty

Media

Corp.-Liberty

Formula

One

Class C *

2,973

230,199

Lyft,

Inc.

Class A *

10,601

135,163

Meta

Platforms,

Inc.

Class A 

93,387

53,458,454

Motorola

Solutions,

Inc.

3,366

1,513,455

Netflix,

Inc.

*

18,236

12,934,248

Nexstar

Media

Group,

Inc.

459

75,896

Okta,

Inc.

*

2,944

218,857

Palo

Alto

Networks,

Inc.

*

13,113

4,482,023

Pinterest,

Inc.

Class A *

25,272

818,055

Roku,

Inc.

*

598

44,647

Spotify

Technology

SA

*

6,229

2,295,573

Trade

Desk,

Inc.

Class A *

18,639

2,043,766

Trump

Media

&

Technology

Group

Corp.

*

1,537

24,700

Uber

Technologies,

Inc.

*

85,631

6,436,026

Ubiquiti,

Inc.

31

6,873

VeriSign,

Inc.

*

188

35,712

253,553,922

Consumer,

Cyclical

-

8.6%

spacing

American

Airlines

Group,

Inc.

*

2,009

22,581

AutoZone,

Inc.

*

663

2,088,477

Burlington

Stores,

Inc.

*

2,766

728,786

CarMax,

Inc.

*

651

50,374

Carvana

Co.

*

1,573

273,875

Casey's

General

Stores,

Inc.

301

113,089

Cava

Group,

Inc.

*

3,216

398,302

Chipotle

Mexican

Grill,

Inc.

*

58,041

3,344,322

Choice

Hotels

International,

Inc.

1,041

135,642

Churchill

Downs,

Inc.

3,048

412,120

Copart,

Inc.

*

34,884

1,827,922

Core

&

Main,

Inc.

Class A *

5,468

242,779

Costco

Wholesale

Corp.

18,895

16,750,795

a

Shares

Value

Crocs,

Inc.

*

456

$

66,033

Darden

Restaurants,

Inc.

2,679

439,704

Deckers

Outdoor

Corp.

*

6,540

1,042,803

Dick's

Sporting

Goods,

Inc.

186

38,818

Domino's

Pizza,

Inc.

517

222,382

DraftKings,

Inc.

Class A *

18,985

744,212

Dutch

Bros,

Inc.

Class A *

1,541

49,358

Fastenal

Co.

20,705

1,478,751

Ferguson

Enterprises,

Inc.

615

122,121

Five

Below,

Inc.

*

1,844

162,917

Floor

&

Decor

Holdings,

Inc.

Class A *

1,633

202,770

Freshpet,

Inc.

*

760

103,945

Hasbro,

Inc.

5,180

374,618

Hilton

Worldwide

Holdings,

Inc.

5,393

1,243,087

Home

Depot,

Inc.

33,736

13,669,827

Hyatt

Hotels

Corp.

Class A 

271

41,246

Las

Vegas

Sands

Corp.

15,279

769,145

Light

&

Wonder,

Inc.

*

3,846

348,948

Live

Nation

Entertainment,

Inc.

*

6,731

736,977

Lululemon

Athletica,

Inc.

*

5,179

1,405,322

McDonald's

Corp.

1,968

599,276

Murphy

USA,

Inc.

810

399,225

NIKE,

Inc.

Class B 

31,482

2,783,009

Norwegian

Cruise

Line

Holdings

Ltd.

*

18,244

374,184

O'Reilly

Automotive,

Inc.

*

2,272

2,616,435

Planet

Fitness,

Inc.

Class A *

2,070

168,125

Pool

Corp.

1,547

582,910

RH

*

104

34,781

Ross

Stores,

Inc.

3,239

487,502

Royal

Caribbean

Cruises

Ltd.

3,506

621,824

SharkNinja,

Inc.

558

60,660

SiteOne

Landscape

Supply,

Inc.

*

600

90,546

Skechers

USA,

Inc.

Class A *

592

39,617

Starbucks

Corp.

37,385

3,644,664

Tempur

Sealy

International,

Inc.

7,150

390,390

Tesla,

Inc.

*

118,455

30,991,382

Texas

Roadhouse,

Inc.

2,866

506,136

TJX

Cos.,

Inc.

28,454

3,344,483

TKO

Group

Holdings,

Inc.

*

461

57,030

Tractor

Supply

Co.

4,625

1,345,551

Ulta

Beauty,

Inc.

*

1,769

688,353

Vail

Resorts,

Inc.

1,359

236,860

Wendy's

Co.

3,617

63,370

Williams-Sonoma,

Inc.

3,212

497,603

Wingstop,

Inc.

1,217

506,369

WW

Grainger,

Inc.

1,623

1,685,989

Wyndham

Hotels

&

Resorts,

Inc.

233

18,207

Wynn

Resorts

Ltd.

248

23,778

YETI

Holdings,

Inc.

*

1,082

44,394

Yum!

Brands,

Inc.

4,614

644,622

103,199,323

Consumer,

Non-Cyclical

-

11.3%

spacing

10X

Genomics,

Inc.

Class A *

3,844

86,798

AbbVie,

Inc.

32,620

6,441,798

Align

Technology,

Inc.

*

1,872

476,087

Alnylam

Pharmaceuticals,

Inc.

*

4,812

1,323,444

Amgen,

Inc.

17,805

5,736,949

Apellis

Pharmaceuticals,

Inc.

*

3,935

113,485

Automatic

Data

Processing,

Inc.

16,248

4,496,309

Avery

Dennison

Corp.

1,287

284,118

Avis

Budget

Group,

Inc.

275

24,087

Block,

Inc.

*

10,004

671,569

Booz

Allen

Hamilton

Holding

Corp.

5,493

894,041

262

PACIFIC

SELECT

FUND

PD

LARGE-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Boston

Beer

Co.,

Inc.

Class A *

79

$

22,842

Bright

Horizons

Family

Solutions,

Inc.

*

278

38,956

Bruker

Corp.

2,833

195,647

Cardinal

Health,

Inc.

6,174

682,350

Celsius

Holdings,

Inc.

*

7,506

235,388

Cencora,

Inc.

7,064

1,589,965

Chemed

Corp.

64

38,462

Cigna

Group

1,082

374,848

Cintas

Corp.

13,911

2,863,997

Clorox

Co.

5,310

865,052

Coca-Cola

Co.

94,805

6,812,687

Colgate-Palmolive

Co.

19,184

1,991,491

Corpay,

Inc.

*

2,949

922,329

DaVita,

Inc.

*

2,109

345,728

Dexcom,

Inc.

*

16,967

1,137,468

Edwards

Lifesciences

Corp.

*

4,868

321,239

Elevance

Health,

Inc.

1,586

824,720

elf

Beauty,

Inc.

*

2,255

245,863

Eli

Lilly

&

Co.

34,121

30,229,159

Equifax,

Inc.

1,052

309,141

Estee

Lauder

Cos.,

Inc.

Class A 

3,548

353,700

Exact

Sciences

Corp.

*

3,229

219,959

Exelixis,

Inc.

*

10,434

270,762

GE

HealthCare

Technologies,

Inc.

1,708

160,296

Grand

Canyon

Education,

Inc.

*

330

46,811

H&R

Block,

Inc.

1,153

73,273

HCA

Healthcare,

Inc.

1,934

786,036

Hershey

Co.

874

167,616

IDEXX

Laboratories,

Inc.

*

3,537

1,786,963

Incyte

Corp.

*

466

30,803

Inspire

Medical

Systems,

Inc.

*

1,251

264,024

Insulet

Corp.

*

2,989

695,690

Intra-Cellular

Therapies,

Inc.

*

4,387

320,997

Intuitive

Surgical,

Inc.

*

15,056

7,396,561

Ionis

Pharmaceuticals,

Inc.

*

6,151

246,409

IQVIA

Holdings,

Inc.

*

868

205,690

Kimberly-Clark

Corp.

5,890

838,029

Lamb

Weston

Holdings,

Inc.

1,968

127,408

Masimo

Corp.

*

949

126,530

McKesson

Corp.

2,364

1,168,809

Medpace

Holdings,

Inc.

*

1,083

361,505

Merck

&

Co.,

Inc.

108,072

12,272,656

Molina

Healthcare,

Inc.

*

1,562

538,203

Monster

Beverage

Corp.

*

24,396

1,272,739

Moody's

Corp.

6,710

3,184,499

Morningstar,

Inc.

1,138

363,159

Natera,

Inc.

*

4,835

613,803

Neurocrine

Biosciences,

Inc.

*

4,256

490,376

Paylocity

Holding

Corp.

*

1,809

298,431

Penumbra,

Inc.

*

1,496

290,688

PepsiCo,

Inc.

46,290

7,871,615

Performance

Food

Group

Co.

*

931

72,962

Procter

&

Gamble

Co.

22,393

3,878,468

Quanta

Services,

Inc.

1,893

564,398

Regeneron

Pharmaceuticals,

Inc.

*

374

393,164

Repligen

Corp.

*

340

50,599

ResMed,

Inc.

1,692

413,051

Rollins,

Inc.

11,921

602,964

Sarepta

Therapeutics,

Inc.

*

3,868

483,075

Shift4

Payments,

Inc.

Class A *

2,619

232,043

Stryker

Corp.

4,613

1,666,492

Sysco

Corp.

13,192

1,029,768

Toast,

Inc.

Class A *

18,905

535,201

TransUnion

471

49,314

a

Shares

Value

U-Haul

Holding

Co.

1,807

$

130,104

Ultragenyx

Pharmaceutical,

Inc.

*

4,089

227,144

United

Rentals,

Inc.

684

553,855

UnitedHealth

Group,

Inc.

2,684

1,569,281

Valvoline,

Inc.

*

5,505

230,384

Verisk

Analytics,

Inc.

6,112

1,637,772

Vertex

Pharmaceuticals,

Inc.

*

5,477

2,547,243

Viking

Therapeutics,

Inc.

*

4,482

283,755

Waters

Corp.

*

1,534

552,071

West

Pharmaceutical

Services,

Inc.

1,881

564,601

WEX,

Inc.

*

166

34,815

WillScot

Holdings

Corp.

*

2,054

77,230

Zoetis,

Inc.

16,019

3,129,792

134,949,603

Energy

-

0.4%

spacing

Antero

Midstream

Corp.

4,580

68,929

Cheniere

Energy,

Inc.

5,002

899,560

Civitas

Resources,

Inc.

1,171

59,335

Enphase

Energy,

Inc.

*

5,519

623,757

EQT

Corp.

1,611

59,027

Hess

Corp.

7,718

1,048,104

Matador

Resources

Co.

580

28,664

New

Fortress

Energy,

Inc.

2,391

21,734

Permian

Resources

Corp.

5,701

77,591

Targa

Resources

Corp.

9,428

1,395,438

Texas

Pacific

Land

Corp.

799

706,907

Viper

Energy,

Inc.

1,136

51,245

Weatherford

International

PLC

3,075

261,129

5,301,420

Financial

-

6.0%

spacing

Allstate

Corp.

1,747

331,318

Ally

Financial,

Inc.

1,590

56,588

American

Express

Co.

8,968

2,432,122

American

Tower

Corp.

REIT

19,891

4,625,851

Ameriprise

Financial,

Inc.

3,921

1,842,125

Apollo

Global

Management,

Inc.

16,748

2,091,993

ARES

Management

Corp.

Class A 

7,623

1,187,968

Arthur

J

Gallagher

&

Co.

635

178,670

Blackstone,

Inc.

30,074

4,605,232

Blue

Owl

Capital,

Inc.

21,383

413,975

Brown

&

Brown,

Inc.

4,470

463,092

Charles

Schwab

Corp.

6,359

412,127

Coinbase

Global,

Inc.

Class A *

7,114

1,267,501

Credit

Acceptance

Corp.

*

209

92,675

Equinix,

Inc.

REIT

218

193,503

Equitable

Holdings,

Inc.

14,090

592,203

Everest

Group

Ltd.

316

123,818

Goldman

Sachs

Group,

Inc.

3,641

1,802,695

Houlihan

Lokey,

Inc.

272

42,981

Iron

Mountain,

Inc.

REIT

7,085

841,911

Jefferies

Financial

Group,

Inc.

2,165

133,256

Jones

Lang

LaSalle,

Inc.

*

624

168,361

Kinsale

Capital

Group,

Inc.

942

438,567

KKR

&

Co.,

Inc.

8,265

1,079,244

Lamar

Advertising

Co.

Class A REIT

935

124,916

Lazard,

Inc.

4,366

219,959

LPL

Financial

Holdings,

Inc.

3,176

738,833

Markel

Group,

Inc.

*

129

202,347

Marsh

&

McLennan

Cos.,

Inc.

2,878

642,053

Mastercard,

Inc.

Class A 

35,220

17,391,636

Morgan

Stanley

2,921

304,485

NU

Holdings

Ltd.

Class A *

(Brazil) 

136,538

1,863,744

263

PACIFIC

SELECT

FUND

PD

LARGE-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Popular,

Inc.

398

$

39,907

Progressive

Corp.

21,002

5,329,467

Public

Storage

REIT

1,025

372,967

RLI

Corp.

98

15,188

Ryan

Specialty

Holdings,

Inc.

4,361

289,527

Simon

Property

Group,

Inc.

REIT

3,528

596,303

SoFi

Technologies,

Inc.

*

6,938

54,533

TPG,

Inc.

844

48,581

Tradeweb

Markets,

Inc.

Class A 

1,954

241,651

UWM

Holdings

Corp.

1,158

9,866

Visa,

Inc.

Class A 

67,151

18,463,167

Western

Union

Co.

1,203

14,352

XP,

Inc.

Class A (Brazil) 

1,078

19,339

72,400,597

Industrial

-

2.6%

spacing

3M

Co.

4,380

598,746

AAON,

Inc.

2,910

313,814

Advanced

Drainage

Systems,

Inc.

1,073

168,633

Amphenol

Corp.

Class A 

29,555

1,925,804

Armstrong

World

Industries,

Inc.

525

69,001

Axon

Enterprise,

Inc.

*

3,073

1,227,971

AZEK

Co.,

Inc.

*

4,295

201,006

Boeing

Co.

*

4,066

618,195

Builders

FirstSource,

Inc.

*

465

90,145

BWX

Technologies,

Inc.

625

67,938

Carlisle

Cos.,

Inc.

274

123,231

Caterpillar,

Inc.

2,962

1,158,497

Comfort

Systems

USA,

Inc.

1,498

584,744

Eagle

Materials,

Inc.

1,100

316,415

EMCOR

Group,

Inc.

783

337,105

Expeditors

International

of

Washington,

Inc.

1,084

142,438

Generac

Holdings,

Inc.

*

1,230

195,422

General

Electric

Co.

10,046

1,894,475

HEICO

Corp.

1,879

491,321

HEICO

Corp.

Class A 

3,461

705,213

Honeywell

International,

Inc.

4,305

889,887

Howmet

Aerospace,

Inc.

1,054

105,663

Illinois

Tool

Works,

Inc.

4,756

1,246,405

Jabil,

Inc.

411

49,250

Lennox

International,

Inc.

1,367

826,064

Lincoln

Electric

Holdings,

Inc.

656

125,965

Loar

Holdings,

Inc.

*

599

44,679

Lockheed

Martin

Corp.

2,932

1,713,930

Louisiana-Pacific

Corp.

1,916

205,893

Martin

Marietta

Materials,

Inc.

146

78,584

Old

Dominion

Freight

Line,

Inc.

8,428

1,674,138

Rockwell

Automation,

Inc.

449

120,539

Saia,

Inc.

*

659

288,154

Sealed

Air

Corp.

335

12,160

Simpson

Manufacturing

Co.,

Inc.

204

39,019

Spirit

AeroSystems

Holdings,

Inc.

Class A *

421

13,687

Tetra

Tech,

Inc.

2,685

126,625

TopBuild

Corp.

*

81

32,952

Trane

Technologies

PLC

3,305

1,284,753

TransDigm

Group,

Inc.

469

669,324

Trex

Co.,

Inc.

*

4,713

313,792

Union

Pacific

Corp.

12,407

3,058,077

Universal

Display

Corp.

1,002

210,320

Veralto

Corp.

4,744

530,664

Vertiv

Holdings

Co.

Class A 

15,343

1,526,475

Vulcan

Materials

Co.

1,455

364,376

Waste

Management,

Inc.

17,041

3,537,712

a

Shares

Value

XPO,

Inc.

*

4,877

$

524,326

30,843,527

Technology

-

47.2%

spacing

Adobe,

Inc.

*

18,896

9,783,971

Advanced

Micro

Devices,

Inc.

*

45,282

7,429,871

Appfolio,

Inc.

Class A *

937

220,570

Apple,

Inc.

619,584

144,363,072

Applied

Materials,

Inc.

32,586

6,584,001

AppLovin

Corp.

Class A *

11,193

1,461,246

Atlassian

Corp.

Class A *

6,695

1,063,233

Autodesk,

Inc.

*

9,116

2,511,276

Bentley

Systems,

Inc.

Class B 

5,972

303,437

Bill

Holdings,

Inc.

*

1,087

57,350

Broadcom,

Inc.

193,803

33,431,017

Broadridge

Financial

Solutions,

Inc.

4,547

977,741

Cadence

Design

Systems,

Inc.

*

11,573

3,136,630

Cloudflare,

Inc.

Class A *

12,808

1,036,039

Confluent,

Inc.

Class A *

10,302

209,955

Crowdstrike

Holdings,

Inc.

Class A *

9,665

2,710,743

Datadog,

Inc.

Class A *

12,826

1,475,760

Dayforce,

Inc.

*

496

30,380

Dell

Technologies,

Inc.

Class C 

1,668

197,725

DocuSign,

Inc.

*

8,692

539,686

DoubleVerify

Holdings,

Inc.

*

3,483

58,654

Doximity,

Inc.

Class A *

383

16,687

Dropbox,

Inc.

Class A *

3,232

82,190

Duolingo,

Inc.

*

1,564

441,079

Dynatrace,

Inc.

*

12,560

671,583

Elastic

NV

*

3,597

276,106

Entegris,

Inc.

6,435

724,131

EPAM

Systems,

Inc.

*

149

29,655

Fair

Isaac

Corp.

*

853

1,657,823

Fiserv,

Inc.

*

7,749

1,392,108

Five9,

Inc.

*

2,930

84,179

Fortinet,

Inc.

*

22,100

1,713,855

Gartner,

Inc.

*

3,234

1,638,862

Gitlab,

Inc.

Class A *

5,050

260,277

Globant

SA

*

1,348

267,093

Guidewire

Software,

Inc.

*

1,587

290,326

HashiCorp,

Inc.

Class A *

4,698

159,074

HP,

Inc.

10,090

361,928

HubSpot,

Inc.

*

2,085

1,108,386

Intuit,

Inc.

11,637

7,226,577

KBR,

Inc.

488

31,783

KLA

Corp.

5,733

4,439,692

Lam

Research

Corp.

5,560

4,537,405

Lattice

Semiconductor

Corp.

*

5,274

279,891

Manhattan

Associates,

Inc.

*

2,635

741,436

Marvell

Technology,

Inc.

2,923

210,807

Microsoft

Corp.

316,972

136,393,052

MicroStrategy,

Inc.

Class A *

420

70,812

MKS

Instruments,

Inc.

266

28,917

MongoDB,

Inc.

*

2,966

801,858

Monolithic

Power

Systems,

Inc.

2,015

1,862,867

MSCI,

Inc.

1,899

1,106,984

nCino,

Inc.

*

2,177

68,771

NetApp,

Inc.

3,934

485,888

Nutanix,

Inc.

Class A *

2,794

165,544

NVIDIA

Corp.

997,417

121,126,320

Onto

Innovation,

Inc.

*

536

111,252

Oracle

Corp.

66,944

11,407,258

Palantir

Technologies,

Inc.

Class A *

85,391

3,176,545

Paychex,

Inc.

4,924

660,752

264

PACIFIC

SELECT

FUND

PD

LARGE-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Paycom

Software,

Inc.

1,367

$

227,701

Paycor

HCM,

Inc.

*

1,065

15,112

Pegasystems,

Inc.

1,787

130,612

Procore

Technologies,

Inc.

*

4,487

276,938

PTC,

Inc.

*

3,062

553,181

Pure

Storage,

Inc.

Class A *

11,512

578,363

QUALCOMM,

Inc.

44,643

7,591,542

RingCentral,

Inc.

Class A *

4,124

130,442

ROBLOX

Corp.

Class A *

21,822

965,842

Salesforce,

Inc.

33,888

9,275,484

SentinelOne,

Inc.

Class A *

986

23,585

ServiceNow,

Inc.

*

8,751

7,826,807

Smartsheet,

Inc.

Class A *

5,455

301,989

Snowflake,

Inc.

Class A *

13,566

1,558,191

Super

Micro

Computer,

Inc.

*

2,124

884,434

Synopsys,

Inc.

*

6,462

3,272,292

Teradata

Corp.

*

3,877

117,628

Teradyne,

Inc.

5,957

797,821

Texas

Instruments,

Inc.

4,701

971,086

Twilio,

Inc.

Class A *

1,712

111,657

Tyler

Technologies,

Inc.

*

1,536

896,594

UiPath,

Inc.

Class A *

14,553

186,278

Unity

Software,

Inc.

*

6,534

147,799

Veeva

Systems,

Inc.

Class A *

6,326

1,327,638

Workday,

Inc.

Class A *

9,082

2,219,732

Zebra

Technologies

Corp.

Class A *

475

175,902

Zscaler,

Inc.

*

3,907

667,863

564,924,623

Utilities

-

0.2%

spacing

Constellation

Energy

Corp.

2,135

555,142

NRG

Energy,

Inc.

3,728

339,621

Vistra

Corp.

14,770

1,750,836

2,645,599

Total

Common

Stocks

    (Cost

$791,118,090)

1,174,456,251

EXCHANGE-TRADED

FUNDS

-

1.4%

iShares

Russell

1000

Growth

43,684

16,398,100

a

Total

Exchange-Traded

Funds

    (Cost

$15,749,658)

16,398,100

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

0.6%

Repurchase

Agreements

-

0.6%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$6,699,513;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$6,832,843)

$

6,698,685

$

6,698,685

a

Total

Short-Term

Investments

(Cost

$6,698,685)

6,698,685

TOTAL

INVESTMENTS

-

100.0%

(Cost

$813,566,433)

1,197,553,036

DERIVATIVES

-

0.0%

81,551

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

48,948

)

NET

ASSETS

-

100.0%

$

1,197,585,639

265

PACIFIC

SELECT

FUND

PD

LARGE-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CME

E-Mini

NASDAQ

100

Index

12/24

17

$

6,809,933

$

6,888,825

$

78,892

CME

E-Mini

Standard

&

Poor's

500

Index

12/24

1

288,054

290,713

2,659

Total

Futures

Contracts

$

81,551

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

1,174,456,251

$

1,174,456,251

$

–

$

–

Exchange-Traded

Funds

16,398,100

16,398,100

–

–

Short-Term

Investments

6,698,685

–

6,698,685

–

Derivatives:

Equity

Contracts

Futures

81,551

81,551

–

–

Total

$

1,197,634,587

$

1,190,935,902

$

6,698,685

$

–

PACIFIC

SELECT

FUND

PD

LARGE-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

266

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

RIGHTS

-

0.0%

Financial

-

0.0%

Seaport

Entertainment

Group,

Inc.

,

Exp 10/10/24

*

162

$

478

Total

Rights

    (Cost

$0)

478

COMMON

STOCKS

-

97.9%

Basic

Materials

-

3.3%

spacing

Air

Products

&

Chemicals,

Inc.

10,184

3,032,184

Albemarle

Corp.

5,269

499,027

Alcoa

Corp.

11,846

457,019

Ashland,

Inc.

2,388

207,684

ATI,

Inc.

*

5,965

399,118

Axalta

Coating

Systems

Ltd.

*

9,945

359,909

Celanese

Corp.

3,752

510,122

CF

Industries

Holdings,

Inc.

8,217

705,019

Chemours

Co.

6,394

129,926

Cleveland-Cliffs,

Inc.

*

15,228

194,462

Dow,

Inc.

32,658

1,784,106

DuPont

de

Nemours,

Inc.

19,405

1,729,180

Eastman

Chemical

Co.

5,308

594,231

Ecolab,

Inc.

1,457

372,016

Element

Solutions,

Inc.

10,382

281,975

FMC

Corp.

5,677

374,341

Freeport-McMoRan,

Inc.

65,627

3,276,100

Huntsman

Corp.

6,788

164,270

International

Flavors

&

Fragrances,

Inc.

11,864

1,244,889

International

Paper

Co.

16,007

781,942

Linde

PLC

22,130

10,552,912

LyondellBasell

Industries

NV

Class A 

12,079

1,158,376

Mosaic

Co.

14,251

381,642

MP

Materials

Corp.

*

5,235

92,398

NewMarket

Corp.

317

174,949

Newmont

Corp.

52,926

2,828,895

Nucor

Corp.

10,881

1,635,849

Olin

Corp.

5,773

276,988

PPG

Industries,

Inc.

10,844

1,436,396

Reliance,

Inc.

2,644

764,671

Royal

Gold,

Inc.

2,921

409,816

RPM

International,

Inc.

4,469

540,749

Sherwin-Williams

Co.

919

350,755

Steel

Dynamics,

Inc.

6,896

869,448

U.S.

Steel

Corp.

10,336

365,171

Westlake

Corp.

1,538

231,146

39,167,681

Communications

-

5.7%

spacing

AT&T,

Inc.

330,642

7,274,124

Booking

Holdings,

Inc.

92

387,515

CDW

Corp.

3,075

695,873

Charter

Communications,

Inc.

Class A *

4,354

1,411,044

Ciena

Corp.

*

6,350

391,097

Cisco

Systems,

Inc.

186,753

9,938,995

Comcast

Corp.

Class A 

176,903

7,389,238

Corning,

Inc.

34,773

1,570,001

DoorDash,

Inc.

Class A *

2,130

304,015

eBay,

Inc.

22,955

1,494,600

Etsy,

Inc.

*

1,957

108,672

F5,

Inc.

*

2,652

583,970

a

Shares

Value

FactSet

Research

Systems,

Inc.

1,106

$

508,594

Fox

Corp.

Class A 

10,572

447,513

Fox

Corp.

Class B 

5,721

221,975

Frontier

Communications

Parent,

Inc.

*

11,389

404,651

GCI

Liberty,

Inc.

(Escrow)

* ± Ω

4,340

–

Gen

Digital,

Inc.

24,593

674,586

IAC,

Inc.

*

3,135

168,726

Interpublic

Group

of

Cos.,

Inc.

17,132

541,885

Iridium

Communications,

Inc.

5,266

160,350

Juniper

Networks,

Inc.

14,688

572,538

Liberty

Broadband

Corp.

Class A *

516

39,639

Liberty

Broadband

Corp.

Class C *

3,971

306,919

Liberty

Global

Ltd.

Class A *

(Belgium) 

8,019

169,281

Liberty

Global

Ltd.

Class C *

(Belgium) 

8,317

179,730

Liberty

Media

Corp.-Liberty

Formula

One

Class A *

694

49,642

Liberty

Media

Corp.-Liberty

Formula

One

Class C *

6,100

472,323

Lyft,

Inc.

Class A *

5,428

69,207

Maplebear,

Inc.

*

8,319

338,916

Match

Group,

Inc.

*

11,854

448,555

Motorola

Solutions,

Inc.

4,008

1,802,117

New

York

Times

Co.

Class A 

7,162

398,709

News

Corp.

Class A 

17,096

455,266

News

Corp.

Class B 

5,495

153,585

Nexstar

Media

Group,

Inc.

917

151,626

Okta,

Inc.

*

4,132

307,173

Omnicom

Group,

Inc.

8,982

928,649

Paramount

Global

Class A 

114

2,492

Paramount

Global

Class B 

27,797

295,204

Robinhood

Markets,

Inc.

Class A *

30,812

721,617

Roku,

Inc.

*

5,044

376,585

Sirius

XM

Holdings,

Inc.

11,746

277,793

T-Mobile

U.S.,

Inc.

22,285

4,598,733

TripAdvisor,

Inc.

*

4,923

71,334

Trump

Media

&

Technology

Group

Corp.

*

1,042

16,745

VeriSign,

Inc.

*

3,733

709,121

Verizon

Communications,

Inc.

194,095

8,716,806

Walt

Disney

Co.

84,595

8,137,193

Warner

Bros

Discovery,

Inc.

*

111,450

919,463

Wayfair,

Inc.

Class A *

4,463

250,731

Zillow

Group,

Inc.

Class A *

1,965

121,692

Zillow

Group,

Inc.

Class C *

7,310

466,744

67,203,552

Consumer,

Cyclical

-

8.7%

spacing

Advance

Auto

Parts,

Inc.

2,800

109,172

Alaska

Air

Group,

Inc.

*

5,941

268,593

Allison

Transmission

Holdings,

Inc.

4,170

400,612

Amer

Sports,

Inc.

*

(Finland) 

2,678

42,714

American

Airlines

Group,

Inc.

*

29,366

330,074

Aptiv

PLC

*

12,634

909,774

Aramark

12,148

470,492

AutoNation,

Inc.

*

1,246

222,934

AutoZone,

Inc.

*

73

229,953

Bath

&

Body

Works,

Inc.

10,878

347,226

Best

Buy

Co.,

Inc.

10,001

1,033,103

Birkenstock

Holding

PLC

*

(Luxembourg) 

1,808

89,116

BJ's

Wholesale

Club

Holdings,

Inc.

*

5,983

493,478

BorgWarner,

Inc.

10,076

365,658

Boyd

Gaming

Corp.

3,319

214,573

Brunswick

Corp.

3,104

260,177

Caesars

Entertainment,

Inc.

*

9,546

398,450

Capri

Holdings

Ltd.

*

4,744

201,335

267

PACIFIC

SELECT

FUND

PD

LARGE-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

CarMax,

Inc.

*

6,633

$

513,262

Carnival

Corp.

*

46,025

850,542

Carter's,

Inc.

1,865

121,188

Carvana

Co.

*

3,072

534,866

Casey's

General

Stores,

Inc.

1,392

522,988

Columbia

Sportswear

Co.

1,584

131,773

Copart,

Inc.

*

2,868

150,283

Core

&

Main,

Inc.

Class A *

2,751

122,144

Crocs,

Inc.

*

2,357

341,317

Cummins,

Inc.

6,226

2,015,917

Darden

Restaurants,

Inc.

2,504

410,982

Delta

Air

Lines,

Inc.

29,890

1,518,113

Dick's

Sporting

Goods,

Inc.

2,336

487,523

Dillard's,

Inc.

Class A 

149

57,170

Dolby

Laboratories,

Inc.

Class A 

2,900

221,937

Dollar

General

Corp.

10,194

862,107

Dollar

Tree,

Inc.

*

9,515

669,095

Domino's

Pizza,

Inc.

1,019

438,313

DR

Horton,

Inc.

13,585

2,591,610

Dutch

Bros,

Inc.

Class A *

2,678

85,776

Fastenal

Co.

4,346

310,391

Ferguson

Enterprises,

Inc.

8,758

1,739,076

Five

Below,

Inc.

*

536

47,356

Floor

&

Decor

Holdings,

Inc.

Class A *

2,931

363,942

Ford

Motor

Co.

182,205

1,924,085

Freshpet,

Inc.

*

1,414

193,393

GameStop

Corp.

Class A *

17,244

395,405

Gap,

Inc.

8,931

196,929

General

Motors

Co.

51,468

2,307,825

Gentex

Corp.

11,182

331,994

Genuine

Parts

Co.

6,453

901,355

Harley-Davidson,

Inc.

5,273

203,169

Hasbro,

Inc.

847

61,255

Hilton

Worldwide

Holdings,

Inc.

5,552

1,279,736

Home

Depot,

Inc.

9,211

3,732,297

Hyatt

Hotels

Corp.

Class A 

1,810

275,482

Kohl's

Corp.

5,646

119,131

Lear

Corp.

2,729

297,870

Leggett

&

Platt,

Inc.

5,931

80,780

Lennar

Corp.

Class A 

10,959

2,054,593

Lennar

Corp.

Class B 

497

85,951

Liberty

Media

Corp.-Liberty

Live

Class A *

986

48,817

Liberty

Media

Corp.-Liberty

Live

Class C *

2,334

119,804

Lithia

Motors,

Inc.

1,251

397,368

LKQ

Corp.

12,024

479,998

Lowe's

Cos.,

Inc.

26,371

7,142,585

Lucid

Group,

Inc.

*

37,502

132,382

Macy's,

Inc.

12,805

200,910

Madison

Square

Garden

Sports

Corp.

*

768

159,944

Marriott

International,

Inc.

Class A 

10,563

2,625,962

Marriott

Vacations

Worldwide

Corp.

1,712

125,798

Mattel,

Inc.

*

15,958

304,000

McDonald's

Corp.

31,063

9,458,994

MGM

Resorts

International

*

10,904

426,237

MSC

Industrial

Direct

Co.,

Inc.

Class A 

2,001

172,206

Newell

Brands,

Inc.

17,532

134,646

NIKE,

Inc.

Class B 

21,329

1,885,484

Nordstrom,

Inc.

4,265

95,920

NVR,

Inc.

*

132

1,295,158

Ollie's

Bargain

Outlet

Holdings,

Inc.

*

2,947

286,448

O'Reilly

Automotive,

Inc.

*

221

254,504

PACCAR,

Inc.

23,519

2,320,855

Penn

Entertainment,

Inc.

*

6,827

128,757

Penske

Automotive

Group,

Inc.

807

131,073

a

Shares

Value

Planet

Fitness,

Inc.

Class A *

1,828

$

148,470

Polaris,

Inc.

2,527

210,347

PulteGroup,

Inc.

9,454

1,356,933

PVH

Corp.

2,412

243,202

QuantumScape

Corp.

*

15,218

87,503

Ralph

Lauren

Corp.

1,862

360,986

RH

*

579

193,635

Rivian

Automotive,

Inc.

Class A *

37,434

420,009

Ross

Stores,

Inc.

11,740

1,766,987

Royal

Caribbean

Cruises

Ltd.

7,183

1,273,977

Scotts

Miracle-Gro

Co.

2,053

177,995

SharkNinja,

Inc.

2,566

278,950

SiteOne

Landscape

Supply,

Inc.

*

1,283

193,618

Skechers

USA,

Inc.

Class A *

5,449

364,647

Southwest

Airlines

Co.

27,589

817,462

Starbucks

Corp.

11,781

1,148,530

Tapestry,

Inc.

10,623

499,069

Target

Corp.

21,248

3,311,713

Thor

Industries,

Inc.

2,459

270,219

TJX

Cos.,

Inc.

21,222

2,494,434

TKO

Group

Holdings,

Inc.

*

3,008

372,120

Toll

Brothers,

Inc.

4,757

734,909

Travel

&

Leisure

Co.

3,310

152,525

Ulta

Beauty,

Inc.

*

310

120,627

Under

Armour,

Inc.

Class A *

9,235

82,284

Under

Armour,

Inc.

Class C *

9,903

82,789

United

Airlines

Holdings,

Inc.

*

15,035

857,897

Vail

Resorts,

Inc.

294

51,241

VF

Corp.

16,662

332,407

Walgreens

Boots

Alliance,

Inc.

34,615

310,150

Walmart,

Inc.

199,907

16,142,490

Watsco,

Inc.

1,602

787,992

Wendy's

Co.

4,236

74,215

WESCO

International,

Inc.

2,063

346,543

Whirlpool

Corp.

2,558

273,706

Williams-Sonoma,

Inc.

2,510

388,849

WW

Grainger,

Inc.

276

286,712

Wyndham

Hotels

&

Resorts,

Inc.

3,023

236,217

Wynn

Resorts

Ltd.

4,569

438,076

YETI

Holdings,

Inc.

*

2,891

118,618

Yum!

Brands,

Inc.

8,054

1,125,224

103,198,482

Consumer,

Non-Cyclical

-

23.3%

spacing

10X

Genomics,

Inc.

Class A *

1,764

39,831

Abbott

Laboratories

79,666

9,082,721

AbbVie,

Inc.

46,351

9,153,396

Acadia

Healthcare

Co.,

Inc.

*

4,271

270,824

ADT,

Inc.

13,225

95,617

Affirm

Holdings,

Inc.

*

11,011

449,469

Agilent

Technologies,

Inc.

13,591

2,017,992

Albertsons

Cos.,

Inc.

Class A 

19,200

354,816

Align

Technology,

Inc.

*

1,364

346,892

Alnylam

Pharmaceuticals,

Inc.

*

684

188,121

Altria

Group,

Inc.

79,083

4,036,396

Amedisys,

Inc.

*

1,491

143,896

Amgen,

Inc.

5,398

1,739,290

API

Group

Corp.

*

10,004

330,332

Archer-Daniels-Midland

Co.

21,953

1,311,472

Automatic

Data

Processing,

Inc.

1,306

361,409

Avantor,

Inc.

*

31,467

814,051

Avery

Dennison

Corp.

2,254

497,593

Avis

Budget

Group,

Inc.

296

25,927

Azenta,

Inc.

*

2,372

114,900

268

PACIFIC

SELECT

FUND

PD

LARGE-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Baxter

International,

Inc.

23,627

$

897,117

Becton

Dickinson

&

Co.

13,269

3,199,156

BellRing

Brands,

Inc.

*

5,724

347,561

Bio-Rad

Laboratories,

Inc.

Class A *

929

310,825

Bio-Techne

Corp.

7,054

563,826

Biogen,

Inc.

*

6,759

1,310,165

BioMarin

Pharmaceutical,

Inc.

*

8,753

615,248

Block,

Inc.

*

14,899

1,000,170

Boston

Beer

Co.,

Inc.

Class A *

350

101,199

Boston

Scientific

Corp.

*

67,648

5,668,902

Bright

Horizons

Family

Solutions,

Inc.

*

2,273

318,516

Bristol-Myers

Squibb

Co.

93,419

4,833,499

Brown-Forman

Corp.

Class A 

2,354

113,180

Brown-Forman

Corp.

Class B 

7,601

373,969

Bruker

Corp.

1,855

128,106

Bunge

Global

SA

6,469

625,164

Campbell

Soup

Co.

8,612

421,299

Cardinal

Health,

Inc.

4,455

492,367

Catalent,

Inc.

*

8,199

496,613

Centene

Corp.

*

24,210

1,822,529

Certara,

Inc.

*

3,835

44,908

Charles

River

Laboratories

International,

Inc.

*

2,305

454,016

Chemed

Corp.

584

350,966

Church

&

Dwight

Co.,

Inc.

11,320

1,185,430

Cigna

Group

11,662

4,040,183

Cintas

Corp.

852

175,410

Clarivate

PLC

*

16,852

119,649

Coca-Cola

Co.

76,349

5,486,439

Coca-Cola

Consolidated,

Inc.

285

375,174

Colgate-Palmolive

Co.

16,974

1,762,071

Conagra

Brands,

Inc.

21,948

713,749

Constellation

Brands,

Inc.

Class A 

7,394

1,905,360

Cooper

Cos.,

Inc.

*

9,055

999,129

Corteva,

Inc.

32,459

1,908,265

Coty,

Inc.

Class A *

18,379

172,579

CVS

Health

Corp.

57,957

3,644,336

Danaher

Corp.

29,730

8,265,535

Darling

Ingredients,

Inc.

*

7,665

284,831

Dentsply

Sirona,

Inc.

9,463

256,069

Dun

&

Bradstreet

Holdings,

Inc.

14,117

162,487

Edwards

Lifesciences

Corp.

*

21,932

1,447,293

Elanco

Animal

Health,

Inc.

*

23,800

349,622

Elevance

Health,

Inc.

8,996

4,677,920

Encompass

Health

Corp.

4,591

443,674

Enovis

Corp.

*

2,526

108,744

Envista

Holdings

Corp.

*

7,647

151,105

Equifax,

Inc.

4,554

1,338,238

Estee

Lauder

Cos.,

Inc.

Class A 

6,754

673,306

Euronet

Worldwide,

Inc.

*

2,089

207,291

Exact

Sciences

Corp.

*

5,336

363,488

Exelixis,

Inc.

*

2,297

59,607

Flowers

Foods,

Inc.

8,654

199,648

Fortrea

Holdings,

Inc.

*

3,148

62,960

FTI

Consulting,

Inc.

*

1,547

352,035

GE

HealthCare

Technologies,

Inc.

18,411

1,727,872

General

Mills,

Inc.

25,708

1,898,536

Gilead

Sciences,

Inc.

57,481

4,819,207

Global

Payments,

Inc.

11,811

1,209,683

Globus

Medical,

Inc.

Class A *

4,963

355,053

GRAIL,

Inc.

*

970

13,347

Grand

Canyon

Education,

Inc.

*

867

122,984

Grocery

Outlet

Holding

Corp.

*

4,915

86,258

GXO

Logistics,

Inc.

*

5,294

275,659

a

Shares

Value

H&R

Block,

Inc.

5,401

$

343,234

HCA

Healthcare,

Inc.

6,558

2,665,368

Henry

Schein,

Inc.

*

5,673

413,562

Hershey

Co.

5,721

1,097,173

Hologic,

Inc.

*

10,722

873,414

Hormel

Foods

Corp.

12,991

411,815

Humana,

Inc.

5,594

1,771,844

Illumina,

Inc.

*

7,391

963,860

Incyte

Corp.

*

6,888

455,297

Ingredion,

Inc.

3,138

431,255

Ionis

Pharmaceuticals,

Inc.

*

374

14,982

IQVIA

Holdings,

Inc.

*

7,418

1,757,843

J.M.

Smucker

Co.

4,711

570,502

Jazz

Pharmaceuticals

PLC

*

2,942

327,768

Johnson

&

Johnson

111,109

18,006,325

Kellanova

12,164

981,756

Kenvue,

Inc.

87,394

2,021,423

Keurig

Dr.

Pepper,

Inc.

49,199

1,843,979

Kimberly-Clark

Corp.

9,192

1,307,838

Kraft

Heinz

Co.

41,221

1,447,269

Kroger

Co.

30,786

1,764,038

Labcorp

Holdings,

Inc.

3,900

871,572

Lamb

Weston

Holdings,

Inc.

4,723

305,767

ManpowerGroup,

Inc.

2,393

175,933

MarketAxess

Holdings,

Inc.

1,646

421,705

Masimo

Corp.

*

994

132,530

McCormick

&

Co.,

Inc.

11,688

961,922

McKesson

Corp.

3,399

1,680,534

Medtronic

PLC

59,122

5,322,754

Moderna,

Inc.

*

14,996

1,002,183

Molina

Healthcare,

Inc.

*

1,036

356,964

Molson

Coors

Beverage

Co.

Class B 

7,841

451,014

Mondelez

International,

Inc.

Class A 

61,674

4,543,524

Monster

Beverage

Corp.

*

6,591

343,852

Organon

&

Co.

12,072

230,937

PayPal

Holdings,

Inc.

*

47,091

3,674,511

PepsiCo,

Inc.

13,208

2,246,020

Performance

Food

Group

Co.

*

5,827

456,662

Perrigo

Co.

PLC

5,667

148,645

Pfizer,

Inc.

261,133

7,557,189

Philip

Morris

International,

Inc.

71,600

8,692,240

Pilgrim's

Pride

Corp.

*

1,361

62,674

Post

Holdings,

Inc.

*

2,388

276,411

Premier,

Inc.

Class A 

5,460

109,200

Procter

&

Gamble

Co.

84,446

14,626,047

Qiagen

NV

*

9,956

453,695

Quanta

Services,

Inc.

4,677

1,394,448

Quest

Diagnostics,

Inc.

5,146

798,917

QuidelOrtho

Corp.

*

2,610

119,016

R1

RCM,

Inc.

*

7,695

109,038

RB

Global,

Inc.

(Canada) 

8,436

679,014

Regeneron

Pharmaceuticals,

Inc.

*

4,409

4,634,917

Repligen

Corp.

*

2,308

343,477

ResMed,

Inc.

4,905

1,197,409

Revvity,

Inc.

5,671

724,470

Reynolds

Consumer

Products,

Inc.

2,762

85,898

Robert

Half,

Inc.

4,929

332,264

Roivant

Sciences

Ltd.

*

19,859

229,173

Royalty

Pharma

PLC

Class A 

18,550

524,780

S&P

Global,

Inc.

14,414

7,446,561

Seaboard

Corp.

11

34,507

Service

Corp.

International

6,470

510,677

Solventum

Corp.

*

6,431

448,369

Sotera

Health

Co.

*

6,071

101,386

269

PACIFIC

SELECT

FUND

PD

LARGE-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Spectrum

Brands

Holdings,

Inc.

1,399

$

133,101

STERIS

PLC

4,573

1,109,135

Stryker

Corp.

11,712

4,231,077

Sysco

Corp.

8,694

678,654

Teleflex,

Inc.

2,133

527,534

Tenet

Healthcare

Corp.

*

4,467

742,415

Thermo

Fisher

Scientific,

Inc.

17,589

10,880,028

TransUnion

8,457

885,448

Tyson

Foods,

Inc.

Class A 

13,050

777,258

U-Haul

Holding

Co.

2,543

183,096

U-Haul

Holding

Co.

*

403

31,224

U.S.

Foods

Holding

Corp.

*

10,442

642,183

United

Rentals,

Inc.

2,337

1,892,339

United

Therapeutics

Corp.

*

2,011

720,642

UnitedHealth

Group,

Inc.

39,478

23,081,997

Universal

Health

Services,

Inc.

Class B 

2,645

605,731

Vertex

Pharmaceuticals,

Inc.

*

5,929

2,757,459

Vestis

Corp.

5,385

80,237

Viatris,

Inc.

54,591

633,802

Waters

Corp.

*

1,111

399,838

West

Pharmaceutical

Services,

Inc.

1,263

379,102

WEX,

Inc.

*

1,660

348,152

WillScot

Holdings

Corp.

*

6,303

236,993

Zimmer

Biomet

Holdings,

Inc.

9,487

1,024,122

Zoetis,

Inc.

3,693

721,538

276,256,928

Energy

-

6.7%

spacing

Antero

Midstream

Corp.

8,991

135,315

Antero

Resources

Corp.

*

13,969

400,212

APA

Corp.

16,333

399,505

Baker

Hughes

Co.

45,327

1,638,571

Cheniere

Energy,

Inc.

5,211

937,146

Chesapeake

Energy

Corp.

6,037

496,543

Chevron

Corp.

79,356

11,686,758

Chord

Energy

Corp.

2,769

360,607

Civitas

Resources,

Inc.

3,503

177,497

ConocoPhillips

53,968

5,681,751

Coterra

Energy,

Inc.

34,421

824,383

Devon

Energy

Corp.

29,199

1,142,265

Diamondback

Energy,

Inc.

8,748

1,508,155

DT

Midstream,

Inc.

4,486

352,869

EOG

Resources,

Inc.

26,426

3,248,548

EQT

Corp.

25,649

939,779

Exxon

Mobil

Corp.

206,711

24,230,664

First

Solar,

Inc.

*

4,947

1,233,980

Halliburton

Co.

40,906

1,188,319

Hess

Corp.

4,524

614,359

HF

Sinclair

Corp.

7,095

316,224

Kinder

Morgan,

Inc.

89,957

1,987,150

Marathon

Oil

Corp.

25,159

669,984

Marathon

Petroleum

Corp.

16,136

2,628,716

Matador

Resources

Co.

5,251

259,504

New

Fortress

Energy,

Inc.

1,639

14,899

NOV,

Inc.

18,830

300,715

Occidental

Petroleum

Corp.

30,285

1,560,889

ONEOK,

Inc.

26,714

2,434,447

Ovintiv,

Inc.

12,193

467,114

Permian

Resources

Corp.

23,892

325,170

Phillips

66

19,263

2,532,121

Range

Resources

Corp.

11,461

352,540

Schlumberger

NV

65,487

2,747,180

Southwestern

Energy

Co.

*

53,023

376,994

TechnipFMC

PLC

(United

Kingdom) 

20,380

534,567

a

Shares

Value

Valero

Energy

Corp.

14,708

$

1,986,021

Viper

Energy,

Inc.

3,126

141,014

Williams

Cos.,

Inc.

55,720

2,543,618

79,376,093

Financial

-

23.5%

spacing

Affiliated

Managers

Group,

Inc.

1,544

274,523

Aflac,

Inc.

25,691

2,872,254

AGNC

Investment

Corp.

REIT

33,072

345,933

Agree

Realty

Corp.

REIT

4,594

346,066

Air

Lease

Corp.

4,969

225,046

Alexandria

Real

Estate

Equities,

Inc.

REIT

8,037

954,394

Allstate

Corp.

10,288

1,951,119

Ally

Financial,

Inc.

10,654

379,176

American

Express

Co.

16,152

4,380,422

American

Financial

Group,

Inc.

3,211

432,201

American

Homes

4

Rent

Class A REIT

15,465

593,701

American

International

Group,

Inc.

29,911

2,190,383

Americold

Realty

Trust,

Inc.

REIT

13,182

372,655

Ameriprise

Financial,

Inc.

426

200,139

Annaly

Capital

Management,

Inc.

REIT

22,549

452,558

Aon

PLC

Class A 

9,013

3,118,408

Apollo

Global

Management,

Inc.

6,044

754,956

Arch

Capital

Group

Ltd.

*

16,739

1,872,759

Arthur

J

Gallagher

&

Co.

9,208

2,590,855

Assurant,

Inc.

2,329

463,145

Assured

Guaranty

Ltd.

2,562

203,730

AvalonBay

Communities,

Inc.

REIT

6,433

1,449,033

Axis

Capital

Holdings

Ltd.

3,592

285,959

Bank

of

America

Corp.

312,594

12,403,730

Bank

of

New

York

Mellon

Corp.

34,026

2,445,108

Bank

OZK

4,600

197,754

Berkshire

Hathaway,

Inc.

Class B *

84,308

38,803,600

BlackRock,

Inc.

6,800

6,456,668

BOK

Financial

Corp.

953

99,703

Brighthouse

Financial,

Inc.

*

3,012

135,630

Brixmor

Property

Group,

Inc.

REIT

13,250

369,145

Brown

&

Brown,

Inc.

6,139

636,000

BXP,

Inc.

REIT

7,155

575,691

Camden

Property

Trust

REIT

4,726

583,803

Capital

One

Financial

Corp.

17,334

2,595,420

Carlyle

Group,

Inc.

9,752

419,921

Cboe

Global

Markets,

Inc.

4,894

1,002,634

CBRE

Group,

Inc.

Class A *

13,903

1,730,645

Charles

Schwab

Corp.

61,744

4,001,629

Chubb

Ltd.

18,634

5,373,859

Cincinnati

Financial

Corp.

7,103

966,860

Citigroup,

Inc.

88,271

5,525,765

Citizens

Financial

Group,

Inc.

21,201

870,725

CME

Group,

Inc.

16,527

3,646,683

CNA

Financial

Corp.

1,353

66,216

Coinbase

Global,

Inc.

Class A *

1,527

272,066

Columbia

Banking

System,

Inc.

9,692

253,058

Comerica,

Inc.

6,149

368,387

Commerce

Bancshares,

Inc.

5,574

331,096

CoStar

Group,

Inc.

*

18,833

1,420,762

Cousins

Properties,

Inc.

REIT

6,996

206,242

Credit

Acceptance

Corp.

*

64

28,379

Crown

Castle,

Inc.

REIT

19,886

2,359,076

CubeSmart

REIT

10,182

548,097

Cullen/Frost

Bankers,

Inc.

2,783

311,306

Digital

Realty

Trust,

Inc.

REIT

14,768

2,389,905

Discover

Financial

Services

11,353

1,592,712

East

West

Bancorp,

Inc.

6,248

516,960

270

PACIFIC

SELECT

FUND

PD

LARGE-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

EastGroup

Properties,

Inc.

REIT

2,136

$

399,048

EPR

Properties

REIT

3,457

169,531

Equinix,

Inc.

REIT

4,123

3,659,698

Equity

LifeStyle

Properties,

Inc.

REIT

8,451

602,894

Equity

Residential

REIT

17,526

1,304,986

Essex

Property

Trust,

Inc.

REIT

2,962

875,034

Evercore,

Inc.

Class A 

1,715

434,478

Everest

Group

Ltd.

1,650

646,520

Extra

Space

Storage,

Inc.

REIT

9,704

1,748,564

Federal

Realty

Investment

Trust

REIT

3,901

448,498

Fidelity

National

Financial,

Inc.

11,883

737,459

Fifth

Third

Bancorp

31,685

1,357,385

First

American

Financial

Corp.

4,778

315,396

First

Citizens

BancShares,

Inc.

Class A 

556

1,023,568

First

Hawaiian,

Inc.

5,617

130,034

First

Horizon

Corp.

24,194

375,733

First

Industrial

Realty

Trust,

Inc.

REIT

6,307

353,066

FNB

Corp.

16,285

229,781

Franklin

Resources,

Inc.

13,777

277,607

Gaming

&

Leisure

Properties,

Inc.

REIT

11,925

613,541

Globe

Life,

Inc.

3,979

421,416

Goldman

Sachs

Group,

Inc.

10,617

5,256,583

Hanover

Insurance

Group,

Inc.

1,563

231,496

Hartford

Financial

Services

Group,

Inc.

13,470

1,584,207

Healthcare

Realty

Trust,

Inc.

REIT

18,192

330,185

Healthpeak

Properties,

Inc.

REIT

32,754

749,084

Highwoods

Properties,

Inc.

REIT

4,676

156,693

Host

Hotels

&

Resorts,

Inc.

REIT

31,682

557,603

Houlihan

Lokey,

Inc.

2,258

356,809

Howard

Hughes

Holdings,

Inc.

*

1,466

113,512

Huntington

Bancshares,

Inc.

66,988

984,724

Interactive

Brokers

Group,

Inc.

Class A 

4,739

660,427

Intercontinental

Exchange,

Inc.

26,158

4,202,021

Invesco

Ltd.

17,723

311,216

Invitation

Homes,

Inc.

REIT

28,393

1,001,137

Iron

Mountain,

Inc.

REIT

5,712

678,757

Janus

Henderson

Group

PLC

6,248

237,861

Jefferies

Financial

Group,

Inc.

5,656

348,127

Jones

Lang

LaSalle,

Inc.

*

1,439

388,257

JPMorgan

Chase

&

Co.

132,011

27,835,839

Kemper

Corp.

2,712

166,110

KeyCorp

42,495

711,791

Kilroy

Realty

Corp.

REIT

5,709

220,938

Kimco

Realty

Corp.

REIT

30,342

704,541

KKR

&

Co.,

Inc.

21,988

2,871,193

Lamar

Advertising

Co.

Class A REIT

2,882

385,035

Lincoln

National

Corp.

7,517

236,861

Lineage,

Inc.

REIT

2,836

222,286

Loews

Corp.

8,336

658,961

M&T

Bank

Corp.

7,711

1,373,483

Markel

Group,

Inc.

*

452

708,998

Marsh

&

McLennan

Cos.,

Inc.

19,596

4,371,672

Medical

Properties

Trust,

Inc.

REIT

28,477

166,590

MetLife,

Inc.

27,091

2,234,466

MGIC

Investment

Corp.

11,455

293,248

Mid-America

Apartment

Communities,

Inc.

REIT

5,388

856,153

Morgan

Stanley

50,311

5,244,419

Nasdaq,

Inc.

19,113

1,395,440

National

Storage

Affiliates

Trust

REIT

2,989

144,070

NNN

REIT,

Inc.

8,025

389,132

Northern

Trust

Corp.

9,005

810,720

Old

Republic

International

Corp.

11,210

397,058

Omega

Healthcare

Investors,

Inc.

REIT

11,063

450,264

a

Shares

Value

OneMain

Holdings,

Inc.

5,456

$

256,814

Park

Hotels

&

Resorts,

Inc.

REIT

8,683

122,430

Pinnacle

Financial

Partners,

Inc.

3,610

353,672

PNC

Financial

Services

Group,

Inc.

18,241

3,371,849

Popular,

Inc.

3,093

310,135

Primerica,

Inc.

1,537

407,536

Principal

Financial

Group,

Inc.

10,414

894,563

Progressive

Corp.

4,260

1,081,018

Prologis,

Inc.

REIT

42,557

5,374,098

Prosperity

Bancshares,

Inc.

4,161

299,883

Prudential

Financial,

Inc.

16,679

2,019,827

Public

Storage

REIT

6,127

2,229,431

Raymond

James

Financial,

Inc.

8,773

1,074,342

Rayonier,

Inc.

REIT

6,942

223,394

Realty

Income

Corp.

REIT

39,993

2,536,356

Regency

Centers

Corp.

REIT

8,420

608,177

Regions

Financial

Corp.

42,627

994,488

Reinsurance

Group

of

America,

Inc.

3,014

656,660

RenaissanceRe

Holdings

Ltd.

(Bermuda) 

2,366

644,498

Rexford

Industrial

Realty,

Inc.

REIT

9,604

483,177

Rithm

Capital

Corp.

REIT

23,126

262,480

RLI

Corp.

1,806

279,894

Rocket

Cos.,

Inc.

Class A *

5,869

112,626

SBA

Communications

Corp.

REIT

4,921

1,184,485

Seaport

Entertainment

Group,

Inc.

*

162

4,442

SEI

Investments

Co.

4,358

301,530

Simon

Property

Group,

Inc.

REIT

11,169

1,887,784

SLM

Corp.

10,546

241,187

SoFi

Technologies,

Inc.

*

41,942

329,664

STAG

Industrial,

Inc.

REIT

8,748

341,959

Starwood

Property

Trust,

Inc.

REIT

14,167

288,723

State

Street

Corp.

13,985

1,237,253

Stifel

Financial

Corp.

4,605

432,410

Sun

Communities,

Inc.

REIT

5,711

771,842

Synchrony

Financial

17,907

893,201

Synovus

Financial

Corp.

6,780

301,507

T.

Rowe

Price

Group,

Inc.

10,177

1,108,581

TFS

Financial

Corp.

3,338

42,927

TPG,

Inc.

3,106

178,781

Tradeweb

Markets,

Inc.

Class A 

3,105

383,995

Travelers

Cos.,

Inc.

10,461

2,449,129

Truist

Financial

Corp.

61,127

2,614,402

U.S.

Bancorp

71,599

3,274,222

UDR,

Inc.

REIT

15,230

690,528

Unum

Group

7,947

472,370

UWM

Holdings

Corp.

1,427

12,158

Ventas,

Inc.

REIT

18,711

1,199,936

VICI

Properties,

Inc.

REIT

48,373

1,611,305

Virtu

Financial,

Inc.

Class A 

3,621

110,296

Vornado

Realty

Trust

REIT

7,736

304,798

Voya

Financial,

Inc.

4,635

367,185

W.R.

Berkley

Corp.

13,527

767,387

Webster

Financial

Corp.

7,500

349,575

Wells

Fargo

&

Co.

161,393

9,117,091

Welltower,

Inc.

REIT

27,763

3,554,497

Western

Alliance

Bancorp

4,981

430,807

Western

Union

Co.

10,616

126,649

Weyerhaeuser

Co.

REIT

33,822

1,145,213

White

Mountains

Insurance

Group

Ltd.

111

188,278

Willis

Towers

Watson

PLC

4,743

1,396,956

Wintrust

Financial

Corp.

3,142

341,001

WP

Carey,

Inc.

REIT

9,891

616,209

XP,

Inc.

Class A (Brazil) 

16,194

290,520

271

PACIFIC

SELECT

FUND

PD

LARGE-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Zions

Bancorp

NA

6,313

$

298,100

279,593,085

Industrial

-

14.0%

spacing

3M

Co.

20,622

2,819,027

A.O.

Smith

Corp.

5,514

495,323

Acuity

Brands,

Inc.

1,359

374,255

Advanced

Drainage

Systems,

Inc.

1,995

313,534

AECOM

6,221

642,443

AGCO

Corp.

3,009

294,461

Allegion

PLC

3,972

578,879

Amcor

PLC

66,425

752,595

AMETEK,

Inc.

10,712

1,839,358

Amphenol

Corp.

Class A 

22,861

1,489,623

AptarGroup,

Inc.

2,962

474,483

Armstrong

World

Industries,

Inc.

1,320

173,488

Arrow

Electronics,

Inc.

*

2,338

310,557

Avnet,

Inc.

4,130

224,300

AZEK

Co.,

Inc.

*

2,068

96,782

Ball

Corp.

13,936

946,394

Berry

Global

Group,

Inc.

5,089

345,950

Boeing

Co.

*

22,336

3,395,965

Builders

FirstSource,

Inc.

*

5,061

981,125

BWX

Technologies,

Inc.

3,464

376,537

Carlisle

Cos.,

Inc.

1,821

818,995

Carrier

Global

Corp.

38,494

3,098,382

Caterpillar,

Inc.

19,323

7,557,612

CH

Robinson

Worldwide,

Inc.

5,211

575,138

Clean

Harbors,

Inc.

*

2,350

568,019

CNH

Industrial

NV

38,808

430,769

Cognex

Corp.

7,861

318,371

Coherent

Corp.

*

6,102

542,529

Crane

Co.

2,208

349,482

CRH

PLC

31,884

2,956,922

Crown

Holdings,

Inc.

5,415

519,190

CSX

Corp.

89,680

3,096,650

Curtiss-Wright

Corp.

1,731

568,962

Deere

&

Co.

11,614

4,846,871

Donaldson

Co.,

Inc.

5,354

394,590

Dover

Corp.

6,363

1,220,042

Eagle

Materials,

Inc.

400

115,060

Eaton

Corp.

PLC

18,387

6,094,187

EMCOR

Group,

Inc.

1,267

545,482

Emerson

Electric

Co.

26,190

2,864,400

Esab

Corp.

2,670

283,848

Expeditors

International

of

Washington,

Inc.

5,436

714,290

FedEx

Corp.

10,391

2,843,809

Flowserve

Corp.

6,240

322,546

Fortive

Corp.

16,327

1,288,690

Fortune

Brands

Innovations,

Inc.

5,579

499,488

Garmin

Ltd.

7,185

1,264,776

Gates

Industrial

Corp.

PLC

*

9,876

173,324

GE

Vernova,

Inc.

*

12,501

3,187,505

Generac

Holdings,

Inc.

*

1,452

230,694

General

Dynamics

Corp.

12,557

3,794,725

General

Electric

Co.

39,358

7,422,132

Graco,

Inc.

7,675

671,639

Graphic

Packaging

Holding

Co.

13,525

400,205

Hayward

Holdings,

Inc.

*

6,274

96,243

Hexcel

Corp.

3,960

244,847

Honeywell

International,

Inc.

25,361

5,242,372

Howmet

Aerospace,

Inc.

17,655

1,769,914

Hubbell,

Inc.

2,484

1,064,021

Huntington

Ingalls

Industries,

Inc.

1,782

471,125

a

Shares

Value

IDEX

Corp.

3,475

$

745,388

Illinois

Tool

Works,

Inc.

8,455

2,215,802

Ingersoll

Rand,

Inc.

18,727

1,838,242

ITT,

Inc.

3,737

558,719

Jabil,

Inc.

4,570

547,623

Jacobs

Solutions,

Inc.

5,784

757,126

JB

Hunt

Transport

Services,

Inc.

3,814

657,267

Johnson

Controls

International

PLC

30,733

2,385,188

Keysight

Technologies,

Inc.

*

8,085

1,284,949

Kirby

Corp.

*

2,766

338,641

Knight-Swift

Transportation

Holdings,

Inc.

6,911

372,848

L3Harris

Technologies,

Inc.

8,788

2,090,402

Landstar

System,

Inc.

1,719

324,668

Lincoln

Electric

Holdings,

Inc.

1,924

369,446

Littelfuse,

Inc.

1,177

312,199

Lockheed

Martin

Corp.

6,677

3,903,107

Louisiana-Pacific

Corp.

940

101,012

Martin

Marietta

Materials,

Inc.

2,685

1,445,201

Masco

Corp.

10,186

855,013

MasTec,

Inc.

*

2,997

368,931

MDU

Resources

Group,

Inc.

9,064

248,444

Mettler-Toledo

International,

Inc.

*

979

1,468,206

Middleby

Corp.

*

2,570

357,564

Mohawk

Industries,

Inc.

*

2,471

397,040

MSA

Safety,

Inc.

1,789

317,261

Nordson

Corp.

2,603

683,626

Norfolk

Southern

Corp.

10,348

2,571,478

Northrop

Grumman

Corp.

6,353

3,354,829

nVent

Electric

PLC

7,470

524,842

Oshkosh

Corp.

3,010

301,632

Otis

Worldwide

Corp.

18,746

1,948,459

Owens

Corning

3,961

699,196

Packaging

Corp.

of

America

4,113

885,940

Parker-Hannifin

Corp.

5,880

3,715,102

Pentair

PLC

7,592

742,422

RBC

Bearings,

Inc.

*

1,314

393,385

Regal

Rexnord

Corp.

2,994

496,645

Republic

Services,

Inc.

9,524

1,912,800

Rockwell

Automation,

Inc.

4,829

1,296,393

RTX

Corp.

61,244

7,420,323

Ryder

System,

Inc.

2,054

299,473

Saia,

Inc.

*

533

233,060

Schneider

National,

Inc.

Class B 

1,616

46,121

Sealed

Air

Corp.

3,652

132,568

Sensata

Technologies

Holding

PLC

7,133

255,789

Silgan

Holdings,

Inc.

3,845

201,863

Simpson

Manufacturing

Co.,

Inc.

1,856

354,997

Smurfit

WestRock

PLC

23,797

1,176,048

Snap-on,

Inc.

2,380

689,510

Sonoco

Products

Co.

4,436

242,339

Spirit

AeroSystems

Holdings,

Inc.

Class A *

4,795

155,885

Stanley

Black

&

Decker,

Inc.

7,083

780,051

Stericycle,

Inc.

*

4,257

259,677

TD

SYNNEX

Corp.

3,552

426,524

Teledyne

Technologies,

Inc.

*

2,097

917,773

Tetra

Tech,

Inc.

9,390

442,832

Textron,

Inc.

8,423

746,109

Timken

Co.

2,921

246,211

TopBuild

Corp.

*

1,323

538,210

Toro

Co.

4,674

405,376

Trane

Technologies

PLC

6,833

2,656,192

TransDigm

Group,

Inc.

1,991

2,841,416

Trimble,

Inc.

*

11,137

691,496

Union

Pacific

Corp.

14,615

3,602,305

272

PACIFIC

SELECT

FUND

PD

LARGE-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

United

Parcel

Service,

Inc.

Class B 

33,569

$

4,576,797

Universal

Display

Corp.

1,118

234,668

Valmont

Industries,

Inc.

939

272,263

Veralto

Corp.

6,258

700,020

Vontier

Corp.

7,465

251,869

Vulcan

Materials

Co.

4,556

1,140,959

Westinghouse

Air

Brake

Technologies

Corp.

8,117

1,475,427

Woodward,

Inc.

2,667

457,417

Xylem,

Inc.

11,212

1,513,956

166,565,485

Technology

-

8.0%

spacing

Accenture

PLC

Class A (Ireland) 

28,900

10,215,572

Advanced

Micro

Devices,

Inc.

*

25,175

4,130,714

Akamai

Technologies,

Inc.

*

6,955

702,107

Allegro

MicroSystems,

Inc.

*

(Japan) 

5,654

131,738

Amdocs

Ltd.

5,140

449,647

Amentum

Holdings,

Inc.

*

5,784

186,534

Amkor

Technology,

Inc.

5,450

166,770

Analog

Devices,

Inc.

22,821

5,252,710

ANSYS,

Inc.

*

4,048

1,289,814

Applied

Materials,

Inc.

3,088

623,930

Aspen

Technology,

Inc.

*

1,251

298,764

Astera

Labs,

Inc.

*

1,012

53,019

Bill

Holdings,

Inc.

*

3,718

196,162

Broadridge

Financial

Solutions,

Inc.

493

106,010

CACI

International,

Inc.

Class A *

995

502,037

CCC

Intelligent

Solutions

Holdings,

Inc.

*

20,387

225,276

Cirrus

Logic,

Inc.

*

2,551

316,860

Cognizant

Technology

Solutions

Corp.

Class A 

23,096

1,782,549

Concentrix

Corp.

2,290

117,363

Crane

NXT

Co.

2,469

138,511

Dayforce,

Inc.

*

6,406

392,368

Dell

Technologies,

Inc.

Class C 

10,538

1,249,175

DoubleVerify

Holdings,

Inc.

*

3,054

51,429

Doximity,

Inc.

Class A *

5,355

233,317

Dropbox,

Inc.

Class A *

8,354

212,442

DXC

Technology

Co.

*

7,995

165,896

Electronic

Arts,

Inc.

12,409

1,779,947

EPAM

Systems,

Inc.

*

2,346

466,924

Fair

Isaac

Corp.

*

160

310,963

Fidelity

National

Information

Services,

Inc.

26,083

2,184,451

Fiserv,

Inc.

*

18,000

3,233,700

Fortinet,

Inc.

*

5,162

400,313

Genpact

Ltd.

8,492

332,971

GLOBALFOUNDRIES,

Inc.

*

4,855

195,414

Globant

SA

*

504

99,863

Guidewire

Software,

Inc.

*

1,958

358,197

HashiCorp,

Inc.

Class A *

1,533

51,907

Hewlett

Packard

Enterprise

Co.

60,205

1,231,794

HP,

Inc.

34,400

1,233,928

Informatica,

Inc.

Class A *

3,087

78,039

Intel

Corp.

196,179

4,602,359

International

Business

Machines

Corp.

42,253

9,341,293

IPG

Photonics

Corp.

*

1,509

112,149

Jack

Henry

&

Associates,

Inc.

3,308

583,994

KBR,

Inc.

5,881

383,030

Kyndryl

Holdings,

Inc.

*

10,758

247,219

Lattice

Semiconductor

Corp.

*

882

46,808

Leidos

Holdings,

Inc.

6,255

1,019,565

Lumentum

Holdings,

Inc.

*

3,226

204,464

MACOM

Technology

Solutions

Holdings,

Inc.

*

2,697

300,068

a

Shares

Value

Marvell

Technology,

Inc.

36,116

$

2,604,686

Microchip

Technology,

Inc.

24,159

1,939,726

Micron

Technology,

Inc.

50,771

5,265,460

MicroStrategy,

Inc.

Class A *

6,809

1,147,997

MKS

Instruments,

Inc.

3,041

330,587

MSCI,

Inc.

1,501

874,978

nCino,

Inc.

*

1,520

48,017

NetApp,

Inc.

5,232

646,204

Nutanix,

Inc.

Class A *

7,815

463,039

ON

Semiconductor

Corp.

*

19,439

1,411,466

Onto

Innovation,

Inc.

*

1,759

365,098

Parsons

Corp.

*

2,212

229,340

Paychex,

Inc.

9,566

1,283,662

Paycom

Software,

Inc.

911

151,745

Paycor

HCM,

Inc.

*

1,507

21,384

PTC,

Inc.

*

2,053

370,895

Pure

Storage,

Inc.

Class A *

1,795

90,181

Qorvo,

Inc.

*

4,347

449,045

QUALCOMM,

Inc.

3,148

535,317

Roper

Technologies,

Inc.

4,893

2,722,661

Salesforce,

Inc.

6,616

1,810,865

Science

Applications

International

Corp.

2,370

330,070

SentinelOne,

Inc.

Class A *

10,707

256,112

Skyworks

Solutions,

Inc.

7,443

735,145

SS&C

Technologies

Holdings,

Inc.

9,924

736,460

Take-Two

Interactive

Software,

Inc.

*

7,786

1,196,786

Teradyne,

Inc.

659

88,260

Texas

Instruments,

Inc.

36,850

7,612,105

Twilio,

Inc.

Class A *

6,593

429,996

Tyler

Technologies,

Inc.

*

307

179,202

UiPath,

Inc.

Class A *

1,658

21,222

Unity

Software,

Inc.

*

7,154

161,824

Western

Digital

Corp.

*

15,139

1,033,842

Wolfspeed,

Inc.

*

5,650

54,805

Zebra

Technologies

Corp.

Class A *

1,841

681,759

Zoom

Video

Communications,

Inc.

Class A *

12,139

846,574

ZoomInfo

Technologies,

Inc.

*

15,086

155,688

95,272,277

Utilities

-

4.7%

spacing

AES

Corp.

32,311

648,159

Alliant

Energy

Corp.

11,801

716,203

Ameren

Corp.

12,345

1,079,694

American

Electric

Power

Co.,

Inc.

24,144

2,477,174

American

Water

Works

Co.,

Inc.

9,050

1,323,472

Atmos

Energy

Corp.

6,979

968,057

Avangrid,

Inc.

3,248

116,246

Brookfield

Renewable

Corp.

Class A 

5,895

192,531

CenterPoint

Energy,

Inc.

29,386

864,536

Clearway

Energy,

Inc.

Class A 

1,745

49,680

Clearway

Energy,

Inc.

Class C 

4,123

126,494

CMS

Energy

Corp.

13,809

975,330

Consolidated

Edison,

Inc.

15,742

1,639,214

Constellation

Energy

Corp.

12,120

3,151,442

Dominion

Energy,

Inc.

38,302

2,213,472

DTE

Energy

Co.

9,592

1,231,709

Duke

Energy

Corp.

35,513

4,094,649

Edison

International

17,652

1,537,313

Entergy

Corp.

9,891

1,301,754

Essential

Utilities,

Inc.

11,340

437,384

Evergy,

Inc.

10,206

632,874

Eversource

Energy

16,296

1,108,943

Exelon

Corp.

46,429

1,882,696

273

PACIFIC

SELECT

FUND

PD

LARGE-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

a

Shares

Value

FirstEnergy

Corp.

26,714

$

1,184,766

IDACORP,

Inc.

2,346

241,849

National

Fuel

Gas

Co.

4,477

271,351

NextEra

Energy,

Inc.

94,705

8,005,414

NiSource,

Inc.

20,636

715,037

NRG

Energy,

Inc.

5,700

519,270

OGE

Energy

Corp.

9,587

393,259

PG&E

Corp.

97,468

1,926,942

Pinnacle

West

Capital

Corp.

5,100

451,809

PPL

Corp.

34,267

1,133,552

Public

Service

Enterprise

Group,

Inc.

23,139

2,064,230

Sempra

28,990

2,424,434

Southern

Co.

50,434

4,548,138

UGI

Corp.

9,865

246,822

WEC

Energy

Group,

Inc.

14,676

1,411,538

Xcel

Energy,

Inc.

25,276

1,650,523

55,957,960

Total

Common

Stocks

    (Cost

$931,164,041)

1,162,591,543

EXCHANGE-TRADED

FUNDS

-

1.4%

iShares

Russell

1000

Value

86,340

16,387,332

a

Total

Exchange-Traded

Funds

    (Cost

$15,398,369)

16,387,332

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.6%

Repurchase

Agreements

-

0.6%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$7,040,925;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$7,180,857)

$

7,040,055

7,040,055

a

Total

Short-Term

Investments

(Cost

$7,040,055)

7,040,055

TOTAL

INVESTMENTS

-

99.9%

(Cost

$953,602,465)

1,186,019,408

DERIVATIVES

-

0.0%

52,817

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.1%

708,016

NET

ASSETS

-

100.0%

$

1,186,780,241

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CME

E-Mini

Standard

&

Poor's

500

Index

12/24

12

$

3,456,639

$

3,488,550

$

31,911

CME

E-Mini

Standard

&

Poor's

MidCap

400

Index

12/24

14

4,387,134

4,408,040

20,906

Total

Futures

Contracts

$

52,817

274

PACIFIC

SELECT

FUND

PD

LARGE-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Rights

$

478

$

478

$

–

$

–

Common

Stocks

1,162,591,543

1,162,591,543

–

–

Exchange-Traded

Funds

16,387,332

16,387,332

–

–

Short-Term

Investments

7,040,055

–

7,040,055

–

Derivatives:

Equity

Contracts

Futures

52,817

52,817

–

–

Total

$

1,186,072,225

$

1,179,032,170

$

7,040,055

$

–

PACIFIC

SELECT

FUND

PD

MID-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

275

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

COMMON

STOCKS

-

98.4%

Basic

Materials

-

3.5%

spacing

Albemarle

Corp.

3,433

$

325,139

Alcoa

Corp.

7,332

282,869

Ashland,

Inc.

1,461

127,063

ATI,

Inc.

*

3,611

241,612

Axalta

Coating

Systems

Ltd.

*

6,445

233,244

Celanese

Corp.

3,151

428,410

CF

Industries

Holdings,

Inc.

5,266

451,823

Chemours

Co.

4,437

90,160

Cleveland-Cliffs,

Inc.

*

13,697

174,911

Dow,

Inc.

20,403

1,114,616

DuPont

de

Nemours,

Inc.

12,118

1,079,835

Eastman

Chemical

Co.

3,327

372,458

Element

Solutions,

Inc.

6,549

177,871

FMC

Corp.

3,644

240,285

Huntsman

Corp.

4,782

115,724

International

Flavors

&

Fragrances,

Inc.

7,387

775,118

International

Paper

Co.

9,936

485,374

LyondellBasell

Industries

NV

Class A 

7,511

720,305

Mosaic

Co.

9,362

250,714

MP

Materials

Corp.

*

3,512

61,987

NewMarket

Corp.

193

106,515

Nucor

Corp.

6,945

1,044,111

Olin

Corp.

3,494

167,642

PPG

Industries,

Inc.

6,761

895,562

Reliance,

Inc.

1,635

472,858

Royal

Gold,

Inc.

1,922

269,657

RPM

International,

Inc.

3,638

440,198

Steel

Dynamics,

Inc.

4,262

537,353

U.S.

Steel

Corp.

6,520

230,352

Westlake

Corp.

981

147,434

12,061,200

Communications

-

5.0%

spacing

CDW

Corp.

3,886

879,402

Charter

Communications,

Inc.

Class A *

2,716

880,201

Ciena

Corp.

*

4,212

259,417

Corning,

Inc.

22,200

1,002,330

Coupang,

Inc.

*

(South

Korea) 

33,461

821,468

eBay,

Inc.

14,658

954,382

Etsy,

Inc.

*

3,403

188,969

Expedia

Group,

Inc.

*

3,627

536,869

F5,

Inc.

*

1,709

376,322

FactSet

Research

Systems,

Inc.

1,090

501,236

Fox

Corp.

Class A 

6,634

280,817

Fox

Corp.

Class B 

3,869

150,117

Frontier

Communications

Parent,

Inc.

*

7,184

255,248

GCI

Liberty,

Inc.

(Escrow)

* ± Ω

4,166

–

Gen

Digital,

Inc.

15,704

430,761

GoDaddy,

Inc.

Class A *

4,071

638,251

IAC,

Inc.

*

2,156

116,036

Interpublic

Group

of

Cos.,

Inc.

11,025

348,721

Iridium

Communications,

Inc.

3,248

98,902

Juniper

Networks,

Inc.

9,407

366,685

Liberty

Broadband

Corp.

Class A *

409

31,419

Liberty

Broadband

Corp.

Class C *

3,229

249,569

Liberty

Global

Ltd.

Class A *

(Belgium) 

4,707

99,365

Liberty

Global

Ltd.

Class C *

(Belgium) 

4,900

105,889

Liberty

Media

Corp.-Liberty

Formula

One

Class A *

659

47,138

Liberty

Media

Corp.-Liberty

Formula

One

Class C *

5,900

456,837

a

Shares

Value

Lyft,

Inc.

Class A *

10,406

$

132,677

Maplebear,

Inc.

*

5,036

205,167

Match

Group,

Inc.

*

7,425

280,962

New

York

Times

Co.

Class A 

4,705

261,927

News

Corp.

Class A 

11,136

296,552

News

Corp.

Class B 

3,061

85,555

Nexstar

Media

Group,

Inc.

903

149,311

Okta,

Inc.

*

4,523

336,240

Omnicom

Group,

Inc.

5,567

575,572

Paramount

Global

Class B 

17,288

183,599

Pinterest,

Inc.

Class A *

17,330

560,972

Robinhood

Markets,

Inc.

Class A *

18,994

444,839

Roku,

Inc.

*

3,698

276,093

Sirius

XM

Holdings,

Inc.

6,985

165,195

Trade

Desk,

Inc.

Class A *

12,746

1,397,599

TripAdvisor,

Inc.

*

3,314

48,020

Trump

Media

&

Technology

Group

Corp.

*

1,806

29,022

Ubiquiti,

Inc.

135

29,932

VeriSign,

Inc.

*

2,442

463,882

Warner

Bros

Discovery,

Inc.

*

69,860

576,345

Wayfair,

Inc.

Class A *

2,651

148,933

Zillow

Group,

Inc.

Class A *

1,295

80,199

Zillow

Group,

Inc.

Class C *

4,641

296,328

17,101,272

Consumer,

Cyclical

-

12.6%

spacing

Advance

Auto

Parts,

Inc.

1,796

70,026

Alaska

Air

Group,

Inc.

*

3,672

166,011

Allison

Transmission

Holdings,

Inc.

2,558

245,747

Amer

Sports,

Inc.

*

(Finland) 

1,681

26,812

American

Airlines

Group,

Inc.

*

19,155

215,302

Aptiv

PLC

*

7,827

563,622

Aramark

7,663

296,788

AutoNation,

Inc.

*

754

134,906

Bath

&

Body

Works,

Inc.

6,584

210,161

Best

Buy

Co.,

Inc.

6,207

641,183

Birkenstock

Holding

PLC

*

(Luxembourg) 

1,176

57,965

BJ's

Wholesale

Club

Holdings,

Inc.

*

3,860

318,373

BorgWarner,

Inc.

6,426

233,200

Boyd

Gaming

Corp.

2,009

129,882

Brunswick

Corp.

1,918

160,767

Burlington

Stores,

Inc.

*

1,819

479,270

Caesars

Entertainment,

Inc.

*

6,294

262,712

Capri

Holdings

Ltd.

*

3,348

142,089

CarMax,

Inc.

*

4,601

356,025

Carnival

Corp.

*

28,652

529,489

Carter's,

Inc.

1,097

71,283

Carvana

Co.

*

3,086

537,303

Casey's

General

Stores,

Inc.

1,056

396,750

Cava

Group,

Inc.

*

2,126

263,305

Choice

Hotels

International,

Inc.

835

108,801

Churchill

Downs,

Inc.

1,967

265,958

Columbia

Sportswear

Co.

932

77,533

Core

&

Main,

Inc.

Class A *

5,542

246,065

Crocs,

Inc.

*

1,740

251,969

Cummins,

Inc.

3,931

1,272,818

Darden

Restaurants,

Inc.

3,422

561,653

Deckers

Outdoor

Corp.

*

4,382

698,710

Delta

Air

Lines,

Inc.

18,632

946,319

Dick's

Sporting

Goods,

Inc.

1,617

337,468

Dillard's,

Inc.

Class A 

96

36,834

Dolby

Laboratories,

Inc.

Class A 

1,646

125,968

Dollar

General

Corp.

6,313

533,890

Dollar

Tree,

Inc.

*

5,842

410,809

276

PACIFIC

SELECT

FUND

PD

MID-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Domino's

Pizza,

Inc.

993

$

427,129

DR

Horton,

Inc.

8,567

1,634,327

DraftKings,

Inc.

Class A *

13,080

512,736

Dutch

Bros,

Inc.

Class A *

3,156

101,087

Fastenal

Co.

16,612

1,186,429

Ferguson

Enterprises,

Inc.

5,870

1,165,606

Five

Below,

Inc.

*

1,582

139,770

Floor

&

Decor

Holdings,

Inc.

Class A *

3,072

381,450

Freshpet,

Inc.

*

1,362

186,281

GameStop

Corp.

Class A *

10,821

248,126

Gap,

Inc.

5,867

129,367

Gentex

Corp.

6,769

200,972

Genuine

Parts

Co.

3,997

558,301

Harley-Davidson,

Inc.

3,504

135,009

Hasbro,

Inc.

3,927

284,001

Hilton

Worldwide

Holdings,

Inc.

7,095

1,635,398

Hyatt

Hotels

Corp.

Class A 

1,281

194,968

Kohl's

Corp.

3,115

65,727

Las

Vegas

Sands

Corp.

10,223

514,626

Lear

Corp.

1,652

180,316

Leggett

&

Platt,

Inc.

3,882

52,873

Lennar

Corp.

Class A 

6,878

1,289,487

Lennar

Corp.

Class B 

332

57,416

Liberty

Media

Corp.-Liberty

Live

Class A *

638

31,587

Liberty

Media

Corp.-Liberty

Live

Class C *

1,419

72,837

Light

&

Wonder,

Inc.

*

2,641

239,618

Lithia

Motors,

Inc.

793

251,889

Live

Nation

Entertainment,

Inc.

*

4,523

495,223

LKQ

Corp.

7,542

301,077

Lucid

Group,

Inc.

*

25,326

89,401

Macy's,

Inc.

7,666

120,280

Madison

Square

Garden

Sports

Corp.

*

555

115,584

Marriott

Vacations

Worldwide

Corp.

993

72,966

Mattel,

Inc.

*

10,025

190,976

MGM

Resorts

International

*

6,750

263,858

MSC

Industrial

Direct

Co.,

Inc.

Class A 

1,380

118,763

Murphy

USA,

Inc.

532

262,207

Newell

Brands,

Inc.

12,280

94,310

Nordstrom,

Inc.

2,691

60,521

Norwegian

Cruise

Line

Holdings

Ltd.

*

12,527

256,929

NVR,

Inc.

*

83

814,379

Ollie's

Bargain

Outlet

Holdings,

Inc.

*

1,784

173,405

Penn

Entertainment,

Inc.

*

4,486

84,606

Penske

Automotive

Group,

Inc.

529

85,920

Planet

Fitness,

Inc.

Class A *

2,547

206,867

Polaris,

Inc.

1,489

123,944

Pool

Corp.

1,064

400,915

PulteGroup,

Inc.

5,962

855,726

PVH

Corp.

1,571

158,404

QuantumScape

Corp.

*

10,292

59,179

Ralph

Lauren

Corp.

1,127

218,491

RH

*

433

144,808

Rivian

Automotive,

Inc.

Class A *

24,082

270,200

Ross

Stores,

Inc.

9,495

1,429,092

Royal

Caribbean

Cruises

Ltd.

6,879

1,220,059

Scotts

Miracle-Gro

Co.

1,171

101,526

SharkNinja,

Inc.

1,937

210,571

SiteOne

Landscape

Supply,

Inc.

*

1,305

196,938

Skechers

USA,

Inc.

Class A *

3,804

254,564

Southwest

Airlines

Co.

17,133

507,651

Tapestry,

Inc.

6,469

303,914

Tempur

Sealy

International,

Inc.

4,910

268,086

Texas

Roadhouse,

Inc.

1,951

344,547

Thor

Industries,

Inc.

1,488

163,516

a

Shares

Value

TKO

Group

Holdings,

Inc.

*

2,226

$

275,378

Toll

Brothers,

Inc.

2,953

456,209

Tractor

Supply

Co.

3,121

907,993

Travel

&

Leisure

Co.

1,892

87,183

Ulta

Beauty,

Inc.

*

1,374

534,651

Under

Armour,

Inc.

Class A *

4,867

43,365

Under

Armour,

Inc.

Class C *

6,180

51,665

United

Airlines

Holdings,

Inc.

*

9,391

535,850

Vail

Resorts,

Inc.

1,111

193,636

VF

Corp.

10,239

204,268

Walgreens

Boots

Alliance,

Inc.

20,953

187,739

Watsco,

Inc.

991

487,453

Wendy's

Co.

5,048

88,441

WESCO

International,

Inc.

1,276

214,342

Whirlpool

Corp.

1,497

160,179

Williams-Sonoma,

Inc.

3,657

566,542

Wingstop,

Inc.

834

347,011

WW

Grainger,

Inc.

1,254

1,302,668

Wyndham

Hotels

&

Resorts,

Inc.

2,167

169,329

Wynn

Resorts

Ltd.

2,990

286,681

YETI

Holdings,

Inc.

*

2,492

102,247

Yum!

Brands,

Inc.

8,172

1,141,710

43,645,042

Consumer,

Non-Cyclical

-

18.4%

spacing

10X

Genomics,

Inc.

Class A *

2,885

65,143

Acadia

Healthcare

Co.,

Inc.

*

2,663

168,861

ADT,

Inc.

8,178

59,127

Affirm

Holdings,

Inc.

*

6,665

272,065

Agilent

Technologies,

Inc.

8,500

1,262,080

Albertsons

Cos.,

Inc.

Class A 

12,229

225,992

Align

Technology,

Inc.

*

2,153

547,551

Alnylam

Pharmaceuticals,

Inc.

*

3,658

1,006,060

Amedisys,

Inc.

*

938

90,526

Apellis

Pharmaceuticals,

Inc.

*

3,014

86,924

API

Group

Corp.

*

6,655

219,748

Archer-Daniels-Midland

Co.

13,777

823,038

Avantor,

Inc.

*

19,476

503,844

Avery

Dennison

Corp.

2,299

507,527

Avis

Budget

Group,

Inc.

442

38,715

Azenta,

Inc.

*

1,518

73,532

Baxter

International,

Inc.

14,652

556,336

BellRing

Brands,

Inc.

*

3,813

231,525

Bio-Rad

Laboratories,

Inc.

Class A *

565

189,038

Bio-Techne

Corp.

4,546

363,362

Biogen,

Inc.

*

4,213

816,648

BioMarin

Pharmaceutical,

Inc.

*

5,384

378,441

Block,

Inc.

*

16,106

1,081,196

Booz

Allen

Hamilton

Holding

Corp.

3,682

599,282

Boston

Beer

Co.,

Inc.

Class A *

266

76,911

Bright

Horizons

Family

Solutions,

Inc.

*

1,686

236,259

Brown-Forman

Corp.

Class A 

1,456

70,005

Brown-Forman

Corp.

Class B 

5,042

248,066

Bruker

Corp.

3,068

211,876

Bunge

Global

SA

4,019

388,396

Campbell

Soup

Co.

5,424

265,342

Cardinal

Health,

Inc.

7,040

778,061

Catalent,

Inc.

*

5,296

320,779

Celsius

Holdings,

Inc.

*

5,154

161,629

Cencora,

Inc.

4,799

1,080,159

Centene

Corp.

*

15,193

1,143,729

Certara,

Inc.

*

3,783

44,299

Charles

River

Laboratories

International,

Inc.

*

1,495

294,470

277

PACIFIC

SELECT

FUND

PD

MID-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Chemed

Corp.

434

$

260,821

Church

&

Dwight

Co.,

Inc.

7,045

737,752

Clarivate

PLC

*

12,577

89,297

Clorox

Co.

3,572

581,915

Coca-Cola

Consolidated,

Inc.

173

227,737

Conagra

Brands,

Inc.

13,638

443,508

Cooper

Cos.,

Inc.

*

5,620

620,111

Corpay,

Inc.

*

1,973

617,076

Corteva,

Inc.

20,296

1,193,202

Coty,

Inc.

Class A *

11,508

108,060

Darling

Ingredients,

Inc.

*

4,639

172,385

DaVita,

Inc.

*

1,476

241,961

Dentsply

Sirona,

Inc.

5,926

160,358

Dexcom,

Inc.

*

11,584

776,591

Dun

&

Bradstreet

Holdings,

Inc.

8,673

99,826

Elanco

Animal

Health,

Inc.

*

14,406

211,624

elf

Beauty,

Inc.

*

1,548

168,778

Encompass

Health

Corp.

2,896

279,869

Enovis

Corp.

*

1,648

70,946

Envista

Holdings

Corp.

*

4,841

95,658

Equifax,

Inc.

3,562

1,046,729

Euronet

Worldwide,

Inc.

*

1,263

125,328

Exact

Sciences

Corp.

*

5,191

353,611

Exelixis,

Inc.

*

8,377

217,383

Flowers

Foods,

Inc.

5,484

126,516

Fortrea

Holdings,

Inc.

*

2,544

50,880

FTI

Consulting,

Inc.

*

1,029

234,159

GE

HealthCare

Technologies,

Inc.

12,753

1,196,869

General

Mills,

Inc.

16,133

1,191,422

Global

Payments,

Inc.

7,359

753,709

Globus

Medical,

Inc.

Class A *

3,276

234,365

GRAIL,

Inc.

*

810

11,146

Grand

Canyon

Education,

Inc.

*

844

119,721

Grocery

Outlet

Holding

Corp.

*

2,804

49,210

GXO

Logistics,

Inc.

*

3,435

178,860

H&R

Block,

Inc.

4,061

258,077

Henry

Schein,

Inc.

*

3,738

272,500

Hershey

Co.

4,208

807,010

Hologic,

Inc.

*

6,606

538,125

Hormel

Foods

Corp.

8,485

268,975

Humana,

Inc.

3,497

1,107,640

IDEXX

Laboratories,

Inc.

*

2,373

1,198,887

Illumina,

Inc.

*

4,585

597,930

Incyte

Corp.

*

4,594

303,663

Ingredion,

Inc.

1,917

263,453

Inspire

Medical

Systems,

Inc.

*

822

173,483

Insulet

Corp.

*

2,001

465,733

Intra-Cellular

Therapies,

Inc.

*

3,012

220,388

Ionis

Pharmaceuticals,

Inc.

*

4,520

181,071

IQVIA

Holdings,

Inc.

*

5,192

1,230,348

J.M.

Smucker

Co.

3,020

365,722

Jazz

Pharmaceuticals

PLC

*

1,781

198,421

Kellanova

7,548

609,199

Kenvue,

Inc.

55,196

1,276,684

Kroger

Co.

19,241

1,102,509

Labcorp

Holdings,

Inc.

2,415

539,704

Lamb

Weston

Holdings,

Inc.

4,211

272,620

ManpowerGroup,

Inc.

1,360

99,987

MarketAxess

Holdings,

Inc.

1,042

266,960

Masimo

Corp.

*

1,253

167,063

McCormick

&

Co.,

Inc.

7,253

596,922

Medpace

Holdings,

Inc.

*

744

248,347

Molina

Healthcare,

Inc.

*

1,672

576,104

Molson

Coors

Beverage

Co.

Class B 

4,943

284,321

a

Shares

Value

Morningstar,

Inc.

781

$

249,233

Natera,

Inc.

*

3,312

420,458

Neurocrine

Biosciences,

Inc.

*

2,919

336,327

Organon

&

Co.

7,528

144,011

Paylocity

Holding

Corp.

*

1,283

211,657

Penumbra,

Inc.

*

1,079

209,661

Performance

Food

Group

Co.

*

4,472

350,471

Perrigo

Co.

PLC

4,022

105,497

Pilgrim's

Pride

Corp.

*

1,159

53,372

Post

Holdings,

Inc.

*

1,430

165,523

Premier,

Inc.

Class A 

3,003

60,060

Qiagen

NV

*

6,464

294,565

Quanta

Services,

Inc.

4,214

1,256,404

Quest

Diagnostics,

Inc.

3,184

494,316

QuidelOrtho

Corp.

*

1,548

70,589

R1

RCM,

Inc.

*

4,271

60,520

RB

Global,

Inc.

(Canada) 

5,240

421,768

Repligen

Corp.

*

1,630

242,577

ResMed,

Inc.

4,216

1,029,210

Revvity,

Inc.

3,519

449,552

Reynolds

Consumer

Products,

Inc.

1,453

45,188

Robert

Half,

Inc.

2,991

201,623

Roivant

Sciences

Ltd.

*

12,288

141,804

Rollins,

Inc.

8,178

413,643

Royalty

Pharma

PLC

Class A 

11,453

324,005

Sarepta

Therapeutics,

Inc.

*

2,650

330,959

Seaboard

Corp.

8

25,096

Service

Corp.

International

4,174

329,454

Shift4

Payments,

Inc.

Class A *

1,749

154,961

Solventum

Corp.

*

4,057

282,854

Sotera

Health

Co.

*

4,000

66,800

Spectrum

Brands

Holdings,

Inc.

839

79,822

STERIS

PLC

2,842

689,299

Sysco

Corp.

14,450

1,127,967

Teleflex,

Inc.

1,378

340,807

Tenet

Healthcare

Corp.

*

2,747

456,551

Toast,

Inc.

Class A *

12,981

367,492

TransUnion

5,578

584,017

Tyson

Foods,

Inc.

Class A 

8,070

480,649

U-Haul

Holding

Co.

*

213

16,503

U-Haul

Holding

Co.

2,935

211,320

U.S.

Foods

Holding

Corp.

*

6,538

402,087

Ultragenyx

Pharmaceutical,

Inc.

*

2,543

141,264

United

Rentals,

Inc.

1,917

1,552,252

United

Therapeutics

Corp.

*

1,249

447,579

Universal

Health

Services,

Inc.

Class B 

1,650

377,867

Valvoline,

Inc.

*

3,780

158,193

Verisk

Analytics,

Inc.

4,131

1,106,943

Vestis

Corp.

3,722

55,458

Viatris,

Inc.

33,885

393,405

Viking

Therapeutics,

Inc.

*

3,078

194,868

Waters

Corp.

*

1,694

609,654

West

Pharmaceutical

Services,

Inc.

2,091

627,635

WEX,

Inc.

*

1,172

245,804

WillScot

Holdings

Corp.

*

5,404

203,190

Zimmer

Biomet

Holdings,

Inc.

5,889

635,718

63,474,273

Energy

-

5.2%

spacing

Antero

Midstream

Corp.

9,919

149,281

Antero

Resources

Corp.

*

8,489

243,210

APA

Corp.

10,589

259,007

Baker

Hughes

Co.

28,920

1,045,458

Cheniere

Energy,

Inc.

6,611

1,188,922

278

PACIFIC

SELECT

FUND

PD

MID-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Chesapeake

Energy

Corp.

3,704

$

304,654

Chord

Energy

Corp.

1,808

235,456

Civitas

Resources,

Inc.

2,924

148,159

Coterra

Energy,

Inc.

21,278

509,608

Devon

Energy

Corp.

18,166

710,654

Diamondback

Energy,

Inc.

5,459

941,132

DT

Midstream,

Inc.

2,842

223,552

Enphase

Energy,

Inc.

*

3,771

426,198

EQT

Corp.

16,947

620,938

First

Solar,

Inc.

*

3,077

767,527

Halliburton

Co.

25,450

739,322

Hess

Corp.

8,099

1,099,844

HF

Sinclair

Corp.

4,521

201,501

Kinder

Morgan,

Inc.

55,814

1,232,931

Marathon

Oil

Corp.

16,152

430,128

Matador

Resources

Co.

3,440

170,005

New

Fortress

Energy,

Inc.

2,109

19,171

NOV,

Inc.

11,523

184,022

ONEOK,

Inc.

16,854

1,535,905

Ovintiv,

Inc.

7,593

290,888

Permian

Resources

Corp.

18,377

250,111

Range

Resources

Corp.

6,938

213,413

Southwestern

Energy

Co.

*

32,095

228,195

Targa

Resources

Corp.

6,365

942,084

TechnipFMC

PLC

(United

Kingdom) 

12,551

329,213

Texas

Pacific

Land

Corp.

538

475,990

Viper

Energy,

Inc.

2,926

131,992

Weatherford

International

PLC

2,112

179,351

Williams

Cos.,

Inc.

35,154

1,604,780

18,032,602

Financial

-

21.0%

spacing

Affiliated

Managers

Group,

Inc.

935

166,243

Aflac,

Inc.

16,122

1,802,440

AGNC

Investment

Corp.

REIT

21,325

223,059

Agree

Realty

Corp.

REIT

2,898

218,306

Air

Lease

Corp.

2,932

132,790

Alexandria

Real

Estate

Equities,

Inc.

REIT

4,989

592,444

Allstate

Corp.

7,582

1,437,926

Ally

Financial,

Inc.

8,032

285,859

American

Financial

Group,

Inc.

2,026

272,700

American

Homes

4

Rent

Class A REIT

9,631

369,734

Americold

Realty

Trust,

Inc.

REIT

8,315

235,065

Ameriprise

Financial,

Inc.

2,887

1,356,341

Annaly

Capital

Management,

Inc.

REIT

14,644

293,905

Arch

Capital

Group

Ltd.

*

10,422

1,166,013

ARES

Management

Corp.

Class A 

5,287

823,926

Arthur

J

Gallagher

&

Co.

6,236

1,754,623

Assurant,

Inc.

1,523

302,864

Assured

Guaranty

Ltd.

1,551

123,335

AvalonBay

Communities,

Inc.

REIT

4,108

925,327

Axis

Capital

Holdings

Ltd.

2,241

178,406

Bank

of

New

York

Mellon

Corp.

21,353

1,534,427

Bank

OZK

3,110

133,699

Blue

Owl

Capital,

Inc.

14,682

284,243

BOK

Financial

Corp.

615

64,341

Brighthouse

Financial,

Inc.

*

1,896

85,377

Brixmor

Property

Group,

Inc.

REIT

8,768

244,276

Brown

&

Brown,

Inc.

6,893

714,115

BXP,

Inc.

REIT

4,471

359,737

Camden

Property

Trust

REIT

3,028

374,049

Carlyle

Group,

Inc.

6,407

275,885

Cboe

Global

Markets,

Inc.

3,039

622,600

CBRE

Group,

Inc.

Class A *

8,869

1,104,013

a

Shares

Value

Cincinnati

Financial

Corp.

4,407

$

599,881

Citizens

Financial

Group,

Inc.

13,045

535,758

CNA

Financial

Corp.

656

32,105

Coinbase

Global,

Inc.

Class A *

5,714

1,018,063

Columbia

Banking

System,

Inc.

6,101

159,297

Comerica,

Inc.

3,757

225,082

Commerce

Bancshares,

Inc.

3,486

207,068

CoStar

Group,

Inc.

*

11,751

886,495

Cousins

Properties,

Inc.

REIT

4,433

130,685

Credit

Acceptance

Corp.

*

173

76,712

Crown

Castle,

Inc.

REIT

12,551

1,488,925

CubeSmart

REIT

6,547

352,425

Cullen/Frost

Bankers,

Inc.

1,721

192,511

Digital

Realty

Trust,

Inc.

REIT

9,323

1,508,741

Discover

Financial

Services

7,244

1,016,261

East

West

Bancorp,

Inc.

4,037

334,021

EastGroup

Properties,

Inc.

REIT

1,398

261,174

EPR

Properties

REIT

2,186

107,201

Equitable

Holdings,

Inc.

9,561

401,849

Equity

LifeStyle

Properties,

Inc.

REIT

5,259

375,177

Equity

Residential

REIT

10,926

813,550

Essex

Property

Trust,

Inc.

REIT

1,835

542,096

Evercore,

Inc.

Class A 

1,050

266,007

Everest

Group

Ltd.

1,233

483,126

Extra

Space

Storage,

Inc.

REIT

6,064

1,092,672

Federal

Realty

Investment

Trust

REIT

2,412

277,308

Fidelity

National

Financial,

Inc.

7,429

461,044

Fifth

Third

Bancorp

19,750

846,090

First

American

Financial

Corp.

2,924

193,013

First

Citizens

BancShares,

Inc.

Class A 

345

635,128

First

Hawaiian,

Inc.

3,727

86,280

First

Horizon

Corp.

15,974

248,076

First

Industrial

Realty

Trust,

Inc.

REIT

3,864

216,307

FNB

Corp.

10,206

144,007

Franklin

Resources,

Inc.

8,339

168,031

Gaming

&

Leisure

Properties,

Inc.

REIT

7,427

382,119

Globe

Life,

Inc.

2,565

271,659

Hanover

Insurance

Group,

Inc.

1,044

154,627

Hartford

Financial

Services

Group,

Inc.

8,453

994,157

Healthcare

Realty

Trust,

Inc.

REIT

11,125

201,919

Healthpeak

Properties,

Inc.

REIT

20,182

461,562

Highwoods

Properties,

Inc.

REIT

3,052

102,273

Host

Hotels

&

Resorts,

Inc.

REIT

20,397

358,987

Houlihan

Lokey,

Inc.

1,505

237,820

Howard

Hughes

Holdings,

Inc.

*

906

70,152

Huntington

Bancshares,

Inc.

41,564

610,991

Interactive

Brokers

Group,

Inc.

Class A 

3,040

423,654

Invesco

Ltd.

10,693

187,769

Invitation

Homes,

Inc.

REIT

17,627

621,528

Iron

Mountain,

Inc.

REIT

8,436

1,002,450

Janus

Henderson

Group

PLC

3,782

143,981

Jefferies

Financial

Group,

Inc.

5,042

310,335

Jones

Lang

LaSalle,

Inc.

*

1,383

373,147

Kemper

Corp.

1,719

105,289

KeyCorp

26,481

443,557

Kilroy

Realty

Corp.

REIT

3,420

132,354

Kimco

Realty

Corp.

REIT

18,853

437,767

Kinsale

Capital

Group,

Inc.

644

299,827

Lamar

Advertising

Co.

Class A REIT

2,548

340,413

Lazard,

Inc.

3,203

161,367

Lincoln

National

Corp.

4,802

151,311

Lineage,

Inc.

REIT

1,780

139,516

Loews

Corp.

5,173

408,926

LPL

Financial

Holdings,

Inc.

2,131

495,735

279

PACIFIC

SELECT

FUND

PD

MID-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

M&T

Bank

Corp.

4,806

$

856,045

Markel

Group,

Inc.

*

369

578,806

Medical

Properties

Trust,

Inc.

REIT

17,044

99,707

MGIC

Investment

Corp.

7,403

189,517

Mid-America

Apartment

Communities,

Inc.

REIT

3,337

530,249

Nasdaq,

Inc.

11,919

870,206

National

Storage

Affiliates

Trust

REIT

1,980

95,436

NNN

REIT,

Inc.

5,304

257,191

Northern

Trust

Corp.

5,759

518,483

NU

Holdings

Ltd.

Class A *

(Brazil) 

91,938

1,254,954

Old

Republic

International

Corp.

7,089

251,092

Omega

Healthcare

Investors,

Inc.

REIT

6,973

283,801

OneMain

Holdings,

Inc.

3,234

152,224

Park

Hotels

&

Resorts,

Inc.

REIT

6,051

85,319

Pinnacle

Financial

Partners,

Inc.

2,218

217,297

Popular,

Inc.

2,070

207,559

Primerica,

Inc.

1,011

268,067

Principal

Financial

Group,

Inc.

6,638

570,204

Prosperity

Bancshares,

Inc.

2,625

189,184

Prudential

Financial,

Inc.

10,350

1,253,385

Raymond

James

Financial,

Inc.

5,449

667,285

Rayonier,

Inc.

REIT

4,323

139,114

Realty

Income

Corp.

REIT

25,053

1,588,861

Regency

Centers

Corp.

REIT

5,244

378,774

Regions

Financial

Corp.

26,445

616,962

Reinsurance

Group

of

America,

Inc.

1,922

418,746

RenaissanceRe

Holdings

Ltd.

(Bermuda) 

1,478

402,607

Rexford

Industrial

Realty,

Inc.

REIT

6,310

317,456

Rithm

Capital

Corp.

REIT

14,127

160,341

RLI

Corp.

1,212

187,836

Rocket

Cos.,

Inc.

Class A *

4,015

77,048

Ryan

Specialty

Holdings,

Inc.

2,994

198,772

SBA

Communications

Corp.

REIT

3,100

746,170

SEI

Investments

Co.

2,951

204,180

Simon

Property

Group,

Inc.

REIT

9,341

1,578,816

SLM

Corp.

6,250

142,937

SoFi

Technologies,

Inc.

*

30,152

236,995

STAG

Industrial,

Inc.

REIT

5,295

206,982

Starwood

Property

Trust,

Inc.

REIT

8,673

176,756

State

Street

Corp.

8,704

770,043

Stifel

Financial

Corp.

2,905

272,779

Sun

Communities,

Inc.

REIT

3,540

478,431

Synchrony

Financial

11,402

568,732

Synovus

Financial

Corp.

4,047

179,970

T.

Rowe

Price

Group,

Inc.

6,325

688,982

TFS

Financial

Corp.

1,778

22,865

TPG,

Inc.

2,425

139,583

Tradeweb

Markets,

Inc.

Class A 

3,313

409,719

UDR,

Inc.

REIT

9,391

425,788

Unum

Group

5,215

309,980

UWM

Holdings

Corp.

2,776

23,652

Ventas,

Inc.

REIT

11,648

746,986

VICI

Properties,

Inc.

REIT

30,218

1,006,562

Virtu

Financial,

Inc.

Class A 

2,476

75,419

Vornado

Realty

Trust

REIT

5,128

202,043

Voya

Financial,

Inc.

2,965

234,887

W.R.

Berkley

Corp.

8,489

481,581

Webster

Financial

Corp.

4,994

232,770

Western

Alliance

Bancorp

3,142

271,752

Western

Union

Co.

8,875

105,879

Weyerhaeuser

Co.

REIT

21,028

712,008

White

Mountains

Insurance

Group

Ltd.

73

123,823

Willis

Towers

Watson

PLC

2,957

870,925

a

Shares

Value

Wintrust

Financial

Corp.

1,873

$

203,277

WP

Carey,

Inc.

REIT

6,182

385,139

XP,

Inc.

Class A (Brazil) 

11,940

214,204

Zions

Bancorp

NA

4,129

194,971

72,393,540

Industrial

-

14.2%

spacing

A.O.

Smith

Corp.

3,517

315,932

AAON,

Inc.

1,998

215,464

Acuity

Brands,

Inc.

901

248,126

Advanced

Drainage

Systems,

Inc.

2,025

318,249

AECOM

3,869

399,552

AGCO

Corp.

1,821

178,203

Allegion

PLC

2,488

362,601

Amcor

PLC

41,191

466,694

AMETEK,

Inc.

6,697

1,149,942

AptarGroup,

Inc.

1,932

309,487

Armstrong

World

Industries,

Inc.

1,271

167,048

Arrow

Electronics,

Inc.

*

1,498

198,979

Avnet,

Inc.

2,515

136,590

Axon

Enterprise,

Inc.

*

2,075

829,170

AZEK

Co.,

Inc.

*

4,201

196,607

Ball

Corp.

8,814

598,559

Berry

Global

Group,

Inc.

3,240

220,255

Builders

FirstSource,

Inc.

*

3,459

670,562

BWX

Technologies,

Inc.

2,668

290,012

Carlisle

Cos.,

Inc.

1,330

598,167

CH

Robinson

Worldwide,

Inc.

3,357

370,512

Clean

Harbors,

Inc.

*

1,465

354,105

CNH

Industrial

NV

24,572

272,749

Cognex

Corp.

5,030

203,715

Coherent

Corp.

*

3,868

343,904

Comfort

Systems

USA,

Inc.

1,028

401,280

Crane

Co.

1,431

226,499

Crown

Holdings,

Inc.

3,422

328,101

Curtiss-Wright

Corp.

1,116

366,818

Donaldson

Co.,

Inc.

3,514

258,982

Dover

Corp.

3,959

759,099

Eagle

Materials,

Inc.

961

276,432

EMCOR

Group,

Inc.

1,336

575,188

Esab

Corp.

1,629

173,179

Expeditors

International

of

Washington,

Inc.

4,050

532,170

Flowserve

Corp.

3,843

198,645

Fortive

Corp.

10,163

802,166

Fortune

Brands

Innovations,

Inc.

3,532

316,220

Garmin

Ltd.

4,472

787,206

Gates

Industrial

Corp.

PLC

*

5,897

103,492

Generac

Holdings,

Inc.

*

1,723

273,750

Graco,

Inc.

4,895

428,361

Graphic

Packaging

Holding

Co.

8,557

253,202

Hayward

Holdings,

Inc.

*

4,284

65,717

HEICO

Corp.

1,290

337,309

HEICO

Corp.

Class A 

2,327

474,150

Hexcel

Corp.

2,350

145,301

Howmet

Aerospace,

Inc.

11,648

1,167,712

Hubbell,

Inc.

1,542

660,516

Huntington

Ingalls

Industries,

Inc.

1,156

305,623

IDEX

Corp.

2,168

465,036

Ingersoll

Rand,

Inc.

11,702

1,148,668

ITT,

Inc.

2,411

360,469

Jabil,

Inc.

3,192

382,497

Jacobs

Solutions,

Inc.

3,578

468,360

JB

Hunt

Transport

Services,

Inc.

2,368

408,077

Keysight

Technologies,

Inc.

*

5,032

799,736

280

PACIFIC

SELECT

FUND

PD

MID-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Kirby

Corp.

*

1,697

$

207,764

Knight-Swift

Transportation

Holdings,

Inc.

4,579

247,037

L3Harris

Technologies,

Inc.

5,455

1,297,581

Landstar

System,

Inc.

1,041

196,614

Lennox

International,

Inc.

921

556,551

Lincoln

Electric

Holdings,

Inc.

1,615

310,112

Littelfuse,

Inc.

714

189,388

Loar

Holdings,

Inc.

*

325

24,242

Louisiana-Pacific

Corp.

1,875

201,487

Martin

Marietta

Materials,

Inc.

1,775

955,394

Masco

Corp.

6,316

530,165

MasTec,

Inc.

*

1,833

225,642

MDU

Resources

Group,

Inc.

5,809

159,225

Mettler-Toledo

International,

Inc.

*

610

914,817

Middleby

Corp.

*

1,558

216,765

Mohawk

Industries,

Inc.

*

1,488

239,092

MSA

Safety,

Inc.

1,083

192,059

Nordson

Corp.

1,621

425,723

nVent

Electric

PLC

4,834

339,637

Old

Dominion

Freight

Line,

Inc.

5,697

1,131,652

Oshkosh

Corp.

1,909

191,301

Otis

Worldwide

Corp.

11,719

1,218,073

Owens

Corning

2,466

435,298

Packaging

Corp.

of

America

2,547

548,624

Pentair

PLC

4,724

461,960

RBC

Bearings,

Inc.

*

832

249,084

Regal

Rexnord

Corp.

1,943

322,305

Rockwell

Automation,

Inc.

3,316

890,213

Ryder

System,

Inc.

1,261

183,854

Saia,

Inc.

*

775

338,876

Schneider

National,

Inc.

Class B 

1,374

39,214

Sealed

Air

Corp.

4,257

154,529

Sensata

Technologies

Holding

PLC

4,373

156,816

Silgan

Holdings,

Inc.

2,425

127,313

Simpson

Manufacturing

Co.,

Inc.

1,240

237,175

Smurfit

WestRock

PLC

14,934

738,038

Snap-on,

Inc.

1,514

438,621

Sonoco

Products

Co.

2,866

156,570

Spirit

AeroSystems

Holdings,

Inc.

Class A *

3,379

109,851

Stanley

Black

&

Decker,

Inc.

4,400

484,572

Stericycle,

Inc.

*

2,697

164,517

TD

SYNNEX

Corp.

2,205

264,776

Teledyne

Technologies,

Inc.

*

1,337

585,151

Tetra

Tech,

Inc.

7,800

367,848

Textron,

Inc.

5,399

478,243

Timken

Co.

1,891

159,392

TopBuild

Corp.

*

929

377,926

Toro

Co.

2,940

254,986

Trex

Co.,

Inc.

*

3,172

211,192

Trimble,

Inc.

*

7,127

442,515

Universal

Display

Corp.

1,365

286,514

Valmont

Industries,

Inc.

582

168,751

Veralto

Corp.

7,136

798,233

Vertiv

Holdings

Co.

Class A 

10,362

1,030,915

Vontier

Corp.

4,519

152,471

Vulcan

Materials

Co.

3,831

959,397

Westinghouse

Air

Brake

Technologies

Corp.

5,061

919,938

Woodward,

Inc.

1,741

298,599

XPO,

Inc.

*

3,254

349,838

Xylem,

Inc.

6,997

944,805

48,924,386

Technology

-

12.8%

spacing

Akamai

Technologies,

Inc.

*

4,303

434,388

a

Shares

Value

Allegro

MicroSystems,

Inc.

*

(Japan) 

3,548

$

82,668

Amdocs

Ltd.

3,236

283,085

Amentum

Holdings,

Inc.

*

3,578

115,391

Amkor

Technology,

Inc.

3,233

98,930

ANSYS,

Inc.

*

2,521

803,266

Appfolio,

Inc.

Class A *

643

151,362

AppLovin

Corp.

Class A *

7,589

990,744

Aspen

Technology,

Inc.

*

787

187,951

Astera

Labs,

Inc.

*

691

36,202

Bentley

Systems,

Inc.

Class B 

4,101

208,372

Bill

Holdings,

Inc.

*

2,997

158,122

Broadridge

Financial

Solutions,

Inc.

3,379

726,586

CACI

International,

Inc.

Class A *

646

325,946

CCC

Intelligent

Solutions

Holdings,

Inc.

*

13,188

145,727

Cirrus

Logic,

Inc.

*

1,573

195,382

Cloudflare,

Inc.

Class A *

8,651

699,779

Cognizant

Technology

Solutions

Corp.

Class A 

14,440

1,114,479

Concentrix

Corp.

1,336

68,470

Confluent,

Inc.

Class A *

7,074

144,168

Crane

NXT

Co.

1,459

81,850

Datadog,

Inc.

Class A *

8,659

996,305

Dayforce,

Inc.

*

4,337

265,641

DocuSign,

Inc.

*

5,946

369,187

DoubleVerify

Holdings,

Inc.

*

4,160

70,054

Doximity,

Inc.

Class A *

3,505

152,713

Dropbox,

Inc.

Class A *

6,869

174,679

Duolingo,

Inc.

*

1,032

291,045

DXC

Technology

Co.

*

5,136

106,572

Dynatrace,

Inc.

*

8,518

455,457

Elastic

NV

*

2,381

182,766

Electronic

Arts,

Inc.

7,758

1,112,808

Entegris,

Inc.

4,316

485,679

EPAM

Systems,

Inc.

*

1,626

323,623

Fair

Isaac

Corp.

*

685

1,331,311

Fidelity

National

Information

Services,

Inc.

16,217

1,358,174

Five9,

Inc.

*

2,082

59,816

Gartner,

Inc.

*

2,186

1,107,777

Genpact

Ltd.

5,283

207,146

Gitlab,

Inc.

Class A *

3,467

178,689

GLOBALFOUNDRIES,

Inc.

*

2,862

115,196

Globant

SA

*

1,231

243,910

Guidewire

Software,

Inc.

*

2,395

438,141

HashiCorp,

Inc.

Class A *

4,075

137,980

Hewlett

Packard

Enterprise

Co.

37,416

765,531

HP,

Inc.

28,330

1,016,197

HubSpot,

Inc.

*

1,409

749,024

Informatica,

Inc.

Class A *

2,002

50,611

IPG

Photonics

Corp.

*

744

55,294

Jack

Henry

&

Associates,

Inc.

2,122

374,618

KBR,

Inc.

3,895

253,681

Kyndryl

Holdings,

Inc.

*

6,653

152,886

Lattice

Semiconductor

Corp.

*

3,985

211,484

Leidos

Holdings,

Inc.

3,881

632,603

Lumentum

Holdings,

Inc.

*

1,852

117,380

MACOM

Technology

Solutions

Holdings,

Inc.

*

1,632

181,576

Manhattan

Associates,

Inc.

*

1,755

493,822

Microchip

Technology,

Inc.

15,260

1,225,225

MicroStrategy,

Inc.

Class A *

4,552

767,467

MKS

Instruments,

Inc.

1,956

212,637

MongoDB,

Inc.

*

2,039

551,244

Monolithic

Power

Systems,

Inc.

1,351

1,249,000

MSCI,

Inc.

2,213

1,290,024

281

PACIFIC

SELECT

FUND

PD

MID-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

nCino,

Inc.

*

2,249

$

71,046

NetApp,

Inc.

5,944

734,143

Nutanix,

Inc.

Class A *

7,107

421,090

ON

Semiconductor

Corp.

*

12,422

901,961

Onto

Innovation,

Inc.

*

1,433

297,434

Palantir

Technologies,

Inc.

Class A *

58,132

2,162,510

Parsons

Corp.

*

1,330

137,894

Paychex,

Inc.

9,263

1,243,002

Paycom

Software,

Inc.

1,490

248,189

Paycor

HCM,

Inc.

*

1,835

26,039

Pegasystems,

Inc.

1,361

99,476

Playtika

Holding

Corp.

2,205

17,464

Procore

Technologies,

Inc.

*

3,081

190,159

PTC,

Inc.

*

3,408

615,689

Pure

Storage,

Inc.

Class A *

8,867

445,478

Qorvo,

Inc.

*

2,717

280,666

RingCentral,

Inc.

Class A *

2,472

78,189

ROBLOX

Corp.

Class A *

14,737

652,260

Science

Applications

International

Corp.

1,495

208,209

SentinelOne,

Inc.

Class A *

7,939

189,901

Skyworks

Solutions,

Inc.

4,597

454,046

Smartsheet,

Inc.

Class A *

3,710

205,386

SS&C

Technologies

Holdings,

Inc.

6,156

456,837

Super

Micro

Computer,

Inc.

*

1,427

594,203

Take-Two

Interactive

Software,

Inc.

*

4,981

765,630

Teradata

Corp.

*

2,670

81,008

Teradyne,

Inc.

4,479

599,872

Twilio,

Inc.

Class A *

4,927

321,339

Tyler

Technologies,

Inc.

*

1,223

713,890

UiPath,

Inc.

Class A *

12,825

164,160

Unity

Software,

Inc.

*

8,704

196,884

Veeva

Systems,

Inc.

Class A *

4,270

896,145

Western

Digital

Corp.

*

9,397

641,721

Wolfspeed,

Inc.

*

4,086

39,634

Zebra

Technologies

Corp.

Class A *

1,467

543,259

Zoom

Video

Communications,

Inc.

Class A *

7,618

531,279

ZoomInfo

Technologies,

Inc.

*

8,660

89,371

Zscaler,

Inc.

*

2,620

447,863

44,331,167

Utilities

-

5.7%

spacing

AES

Corp.

20,233

405,874

Alliant

Energy

Corp.

7,333

445,040

Ameren

Corp.

7,667

670,556

American

Water

Works

Co.,

Inc.

5,641

824,940

Atmos

Energy

Corp.

4,330

600,614

Avangrid,

Inc.

2,041

73,047

Brookfield

Renewable

Corp.

Class A 

3,942

128,746

CenterPoint

Energy,

Inc.

18,186

535,032

Clearway

Energy,

Inc.

Class A 

1,129

32,143

Clearway

Energy,

Inc.

Class C 

2,330

71,484

CMS

Energy

Corp.

8,568

605,158

Consolidated

Edison,

Inc.

10,041

1,045,569

DTE

Energy

Co.

5,971

766,736

Edison

International

11,018

959,558

Entergy

Corp.

6,160

810,718

Essential

Utilities,

Inc.

7,114

274,387

Evergy,

Inc.

6,355

394,073

Eversource

Energy

10,132

689,483

Exelon

Corp.

28,790

1,167,434

FirstEnergy

Corp.

16,624

737,274

IDACORP,

Inc.

1,480

152,573

National

Fuel

Gas

Co.

2,666

161,586

a

Shares

Value

NiSource,

Inc.

12,832

$

444,629

NRG

Energy,

Inc.

5,997

546,327

OGE

Energy

Corp.

5,850

239,967

PG&E

Corp.

61,567

1,217,180

Pinnacle

West

Capital

Corp.

3,322

294,296

PPL

Corp.

21,308

704,869

Public

Service

Enterprise

Group,

Inc.

14,358

1,280,877

UGI

Corp.

6,140

153,623

Vistra

Corp.

9,970

1,181,844

WEC

Energy

Group,

Inc.

9,152

880,239

Xcel

Energy,

Inc.

16,124

1,052,897

19,548,773

Total

Common

Stocks

    (Cost

$290,809,729)

339,512,255

EXCHANGE-TRADED

FUNDS

-

0.9%

iShares

Russell

Mid-Cap

35,071

3,091,158

a

Total

Exchange-Traded

Funds

    (Cost

$2,943,136)

3,091,158

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.6%

Repurchase

Agreements

-

0.6%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$2,074,532;

collateralized

by

U.S.

Treasury

Obligations:

4.500%

due

11/15/33

and

value

$2,115,962)

$

2,074,276

2,074,276

a

Total

Short-Term

Investments

(Cost

$2,074,276)

2,074,276

TOTAL

INVESTMENTS

-

99.9%

(Cost

$295,827,141)

344,677,689

DERIVATIVES

-

0.0%

23,536

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.1%

202,710

NET

ASSETS

-

100.0%

$

344,903,935

282

PACIFIC

SELECT

FUND

PD

MID-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CME

E-Mini

Standard

&

Poor's

500

Index

12/24

2

$

578,891

$

581,425

$

2,534

CME

E-Mini

Standard

&

Poor's

MidCap

400

Index

12/24

6

1,868,158

1,889,160

21,002

Total

Futures

Contracts

$

23,536

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Common

Stocks

$

339,512,255

$

339,512,255

$

–

$

–

Exchange-Traded

Funds

3,091,158

3,091,158

–

–

Short-Term

Investments

2,074,276

–

2,074,276

–

Derivatives:

Equity

Contracts

Futures

23,536

23,536

–

–

Total

$

344,701,225

$

342,626,949

$

2,074,276

$

–

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

283

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

RIGHTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Chinook

Therapeutics,

Inc.

-

Contingent

Value

Rights

* ± Ω

869

$

730

Contra

Aduro

Biotechnologies,

Inc.

-

Contingent

Value

Rights

* ± Ω

758

364

Inhibrx,

Inc.

-

Contingent

Value

Rights

* ± Ω

1,165

1,305

OmniAb,

Inc.

$12.50

-

Earn

Out

Shares

* ± Ω

40

–

OmniAb,

Inc.

$15.00

-

Earn

Out

Shares

* ± Ω

40

–

2,399

Utilities

-

0.0%

Gtx,

Inc.

-

Contingent

Value

Rights

* ± Ω

33

34

Total

Rights

    (Cost

$1,164)

2,433

WARRANTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Pulse

Biosciences,

Inc.

Exercise

@

$3.27

Exp 06/26/29

*

32

105

Pulse

Biosciences,

Inc.

Exercise

@

$3.27

Exp 06/27/29

*

32

104

209

Total

Warrants

    (Cost

$0)

209

COMMON

STOCKS

-

98.0%

Basic

Materials

-

3.3%

spacing

Balchem

Corp.

2,338

411,488

Cabot

Corp.

3,929

439,144

Carpenter

Technology

Corp.

3,441

549,115

Centrus

Energy

Corp.

Class A *

731

40,095

Century

Aluminum

Co.

*

3,866

62,745

Codexis,

Inc.

*

545

1,679

Constellium

SE

*

9,172

149,137

Contango

ORE,

Inc.

*

344

6,625

Critical

Metals

Corp.

*

(Austria) 

643

4,784

Dakota

Gold

Corp.

*

3,347

7,899

Encore

Energy

Corp.

*

(Canada) 

9,543

38,554

Hawkins,

Inc.

1,376

175,399

HB

Fuller

Co.

1,157

91,843

Ingevity

Corp.

*

2,576

100,464

Innospec,

Inc.

1,525

172,462

Ivanhoe

Electric,

Inc.

*

6,113

51,716

Kaiser

Aluminum

Corp.

1,103

79,990

Lightwave

Logic,

Inc.

*

8,805

24,302

Metals

Acquisition

Ltd.

Class A *

(Australia) 

1,074

14,875

Northern

Technologies

International

Corp.

420

5,162

Oil-Dri

Corp.

of

America

71

4,898

Orion

SA

(Germany) 

4,193

74,677

Perpetua

Resources

Corp.

*

2,864

26,778

Piedmont

Lithium,

Inc.

*

486

4,340

Quaker

Chemical

Corp.

1,008

169,838

Sensient

Technologies

Corp.

2,892

231,996

Stepan

Co.

156

12,051

Sylvamo

Corp.

568

48,763

U.S.

Lime

&

Minerals,

Inc.

773

75,491

a

Shares

Value

Ur-Energy,

Inc.

*

21,729

$

25,857

Uranium

Energy

Corp.

*

28,885

179,376

3,281,543

Communications

-

4.0%

spacing

1-800-Flowers.com,

Inc.

Class A *

301

2,387

A10

Networks,

Inc.

5,284

76,301

Anterix,

Inc.

*

643

24,215

Applied

Digital

Corp.

*

5,853

48,287

AudioEye,

Inc.

*

388

8,866

Backblaze,

Inc.

Class A *

2,971

18,985

Boston

Omaha

Corp.

Class A *

81

1,204

Bumble,

Inc.

Class A *

459

2,928

Calix,

Inc.

*

3,213

124,632

Cardlytics,

Inc.

*

2,978

9,530

Cargurus,

Inc.

*

6,393

191,982

Clear

Channel

Outdoor

Holdings,

Inc.

*

4,000

6,400

Cogent

Communications

Holdings,

Inc.

3,195

242,564

Couchbase,

Inc.

*

2,894

46,651

Credo

Technology

Group

Holding

Ltd.

*

9,255

285,054

Despegar.com

Corp.

*

(Argentina) 

706

8,754

DigitalBridge

Group,

Inc.

3,115

44,015

Entravision

Communications

Corp.

Class A 

590

1,221

ePlus,

Inc.

*

1,290

126,859

Eventbrite,

Inc.

Class A *

5,293

14,450

EverQuote,

Inc.

Class A *

1,861

39,248

Extreme

Networks,

Inc.

*

4,959

74,534

Figs,

Inc.

Class A *

391

2,674

fuboTV,

Inc.

*

1,783

2,532

Gambling.com

Group

Ltd.

*

(Malta) 

1,209

12,114

Getty

Images

Holdings,

Inc.

*

7,310

27,851

Globalstar,

Inc.

*

42,727

52,981

Gogo,

Inc.

*

1,941

13,936

Grindr,

Inc.

*

(Singapore) 

1,835

21,892

Groupon,

Inc.

*

620

6,064

Harmonic,

Inc.

*

7,938

115,657

HealthStream,

Inc.

686

19,784

Hims

&

Hers

Health,

Inc.

*

13,754

253,349

IDT

Corp.

Class B 

801

30,574

Infinera

Corp.

*

14,696

99,198

Innovid

Corp.

*

(Israel) 

1,780

3,204

InterDigital,

Inc.

1,837

260,174

LifeMD,

Inc.

*

1,674

8,772

Liquidity

Services,

Inc.

*

1,554

35,431

LiveOne,

Inc.

*

5,131

4,868

Magnite,

Inc.

*

8,018

111,049

MediaAlpha,

Inc.

Class A *

2,138

38,719

Mondee

Holdings,

Inc.

*

2,645

3,677

Nerdy,

Inc.

*

3,728

3,665

Open

Lending

Corp.

*

8,189

50,117

Opendoor

Technologies,

Inc.

*

1,786

3,572

OptimizeRx

Corp.

*

1,269

9,797

Perficient,

Inc.

*

2,517

189,983

Preformed

Line

Products

Co.

8

1,025

Q2

Holdings,

Inc.

*

4,287

341,974

QuinStreet,

Inc.

*

3,746

71,661

RealReal,

Inc.

*

4,937

15,502

Revolve

Group,

Inc.

*

2,702

66,956

Shutterstock,

Inc.

1,457

51,534

Sinclair,

Inc.

2,405

36,796

Sprinklr,

Inc.

Class A *

9,204

71,147

Squarespace,

Inc.

Class A *

4,420

205,221

Stagwell,

Inc.

*

1,256

8,817

TechTarget,

Inc.

*

1,804

44,108

284

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Thryv

Holdings,

Inc.

*

2,298

$

39,595

Townsquare

Media,

Inc.

Class A 

972

9,876

Tucows,

Inc.

Class A *

577

12,054

Upwork,

Inc.

*

8,842

92,399

Value

Line,

Inc.

55

2,558

Vivid

Seats,

Inc.

Class A *

5,612

20,764

Yelp,

Inc.

*

4,719

165,543

4,038,231

Consumer,

Cyclical

-

10.1%

spacing

Abercrombie

&

Fitch

Co.

Class A *

3,631

507,977

Academy

Sports

&

Outdoors,

Inc.

1,325

77,327

Accel

Entertainment,

Inc.

*

3,510

40,786

Acushnet

Holdings

Corp.

2,113

134,704

American

Eagle

Outfitters,

Inc.

10,542

236,035

Arhaus,

Inc.

2,993

36,844

Arko

Corp.

833

5,848

Atlanta

Braves

Holdings,

Inc.

Class A *

745

31,402

Atlanta

Braves

Holdings,

Inc.

Class C *

3,608

143,598

Aurora

Innovation,

Inc.

*

36,864

218,235

Beacon

Roofing

Supply,

Inc.

*

4,298

371,476

BJ's

Restaurants,

Inc.

*

754

24,550

Blink

Charging

Co.

*

2,212

3,805

Bloomin'

Brands,

Inc.

3,141

51,921

Blue

Bird

Corp.

*

2,304

110,500

Boot

Barn

Holdings,

Inc.

*

2,134

356,976

Brinker

International,

Inc.

*

2,889

221,095

Buckle,

Inc.

2,291

100,735

Build-A-Bear

Workshop,

Inc.

933

32,067

Caleres,

Inc.

773

25,548

Camping

World

Holdings,

Inc.

Class A 

3,030

73,387

Cavco

Industries,

Inc.

*

604

258,657

Century

Communities,

Inc.

256

26,363

Champion

Homes,

Inc.

*

1,834

173,955

Cheesecake

Factory,

Inc.

3,506

142,168

Cinemark

Holdings,

Inc.

*

6,316

175,837

CompX

International,

Inc.

84

2,454

Cracker

Barrel

Old

Country

Store,

Inc.

398

18,049

Daktronics,

Inc.

*

235

3,034

Dave

&

Buster's

Entertainment,

Inc.

*

2,316

78,860

Denny's

Corp.

*

2,562

16,525

Dine

Brands

Global,

Inc.

223

6,964

Dorman

Products,

Inc.

*

1,895

214,362

Douglas

Dynamics,

Inc.

1,402

38,667

Dream

Finders

Homes,

Inc.

Class A *

1,953

70,718

Empire

Resorts,

Inc.

(Escrow)

* ± Ω

94

–

Everi

Holdings,

Inc.

*

3,148

41,365

EVgo,

Inc.

*

1,776

7,353

EVI

Industries,

Inc.

200

3,866

First

Watch

Restaurant

Group,

Inc.

*

2,220

34,632

FirstCash

Holdings,

Inc.

2,818

323,506

Forestar

Group,

Inc.

*

117

3,787

Frontier

Group

Holdings,

Inc.

*

3,329

17,810

Genesco,

Inc.

*

263

7,146

Gentherm,

Inc.

*

2,313

107,670

Global

Business

Travel

Group

I

*

7,486

57,567

Global

Industrial

Co.

911

30,947

GMS,

Inc.

*

2,595

235,029

Green

Brick

Partners,

Inc.

*

591

49,360

H&E

Equipment

Services,

Inc.

2,121

103,250

Hanesbrands,

Inc.

*

25,448

187,043

Hilton

Grand

Vacations,

Inc.

*

5,275

191,588

HNI

Corp.

1,691

91,043

Holley,

Inc.

*

1,111

3,277

a

Shares

Value

Hovnanian

Enterprises,

Inc.

Class A *

29

$

5,927

Hudson

Technologies,

Inc.

*

386

3,219

IMAX

Corp.

*

3,015

61,838

indie

Semiconductor,

Inc.

Class A *

(China) 

3,668

14,635

Installed

Building

Products,

Inc.

1,731

426,293

Interface,

Inc.

297

5,634

International

Game

Technology

PLC

1,151

24,516

J

Jill,

Inc.

302

7,450

Jack

in

the

Box,

Inc.

1,387

64,551

KB

Home

681

58,355

Kontoor

Brands,

Inc.

4,069

332,763

Kura

Sushi

USA,

Inc.

Class A *

437

35,205

Landsea

Homes

Corp.

*

39

482

LCI

Industries

1,808

217,936

Leslie's,

Inc.

*

7,940

25,090

LGI

Homes,

Inc.

*

92

10,904

Lindblad

Expeditions

Holdings,

Inc.

*

1,781

16,474

Livewire

Group,

Inc.

*

(Cayman) 

1,323

8,070

Lovesac

Co.

*

540

15,471

Luminar

Technologies,

Inc.

*

21,445

19,294

Madison

Square

Garden

Entertainment

Corp.

*

208

8,846

Marine

Products

Corp.

236

2,287

Miller

Industries,

Inc.

44

2,684

Monarch

Casino

&

Resort,

Inc.

930

73,721

National

Vision

Holdings,

Inc.

*

260

2,837

ONE

Group

Hospitality,

Inc.

*

1,210

4,453

OneSpaWorld

Holdings

Ltd.

(Bahamas) 

7,228

119,334

Oxford

Industries,

Inc.

771

66,892

Papa

John's

International,

Inc.

1,720

92,656

Patrick

Industries,

Inc.

1,564

222,667

Peloton

Interactive,

Inc.

Class A *

23,075

107,991

Portillo's,

Inc.

Class A *

3,121

42,040

Potbelly

Corp.

*

1,978

16,497

PriceSmart,

Inc.

1,119

102,702

RCI

Hospitality

Holdings,

Inc.

266

11,850

Red

Rock

Resorts,

Inc.

Class A 

1,666

90,697

REV

Group,

Inc.

2,862

80,308

Rocky

Brands,

Inc.

233

7,423

Rush

Street

Interactive,

Inc.

*

5,326

57,787

Sabre

Corp.

*

5,875

21,561

Savers

Value

Village,

Inc.

*

1,681

17,684

Shake

Shack,

Inc.

Class A *

2,744

283,208

Shyft

Group,

Inc.

132

1,657

Six

Flags

Entertainment

Corp.

4,999

201,510

Sonic

Automotive,

Inc.

Class A 

308

18,012

Sonos,

Inc.

*

7,909

97,202

Steven

Madden

Ltd.

5,194

254,454

Sun

Country

Airlines

Holdings,

Inc.

*

1,395

15,638

Super

Group

SGHC

Ltd.

(Guernsey) 

10,185

36,972

Superior

Group

of

Cos.,

Inc.

298

4,616

Sweetgreen,

Inc.

Class A *

7,088

251,270

Tile

Shop

Holdings,

Inc.

*

493

3,249

Torrid

Holdings,

Inc.

*

877

3,447

Tri

Pointe

Homes,

Inc.

*

1,877

85,047

United

Homes

Group,

Inc.

*

980

6,017

United

Parks

&

Resorts,

Inc.

*

2,388

120,833

Urban

Outfitters,

Inc.

*

1,252

47,964

Victoria's

Secret

&

Co.

*

1,349

34,669

Visteon

Corp.

*

1,980

188,575

Vizio

Holding

Corp.

Class A *

6,282

70,170

VSE

Corp.

188

15,553

Warby

Parker,

Inc.

Class A *

6,223

101,622

285

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Webtoon

Entertainment,

Inc.

*

(South

Korea) 

464

$

5,308

Wheels

Up

Experience,

Inc.

*

6,768

16,379

Wolverine

World

Wide,

Inc.

5,663

98,649

XPEL,

Inc.

*

1,853

80,365

Xponential

Fitness,

Inc.

Class A *

1,742

21,601

10,098,679

Consumer,

Non-Cyclical

-

32.5%

spacing

4D

Molecular

Therapeutics,

Inc.

*

2,185

23,620

Absci

Corp.

*

4,330

16,541

ACADIA

Pharmaceuticals,

Inc.

*

8,602

132,299

Accolade,

Inc.

*

1,347

5,186

Accuray,

Inc.

*

6,314

11,365

Achieve

Life

Sciences,

Inc.

*

1,796

8,513

Actinium

Pharmaceuticals,

Inc.

*

1,657

3,115

AdaptHealth

Corp.

*

3,215

36,104

ADC

Therapeutics

SA

*

(Switzerland) 

3,348

10,546

Addus

HomeCare

Corp.

*

492

65,451

ADMA

Biologics,

Inc.

*

16,243

324,698

Adtalem

Global

Education,

Inc.

*

496

37,438

Aerovate

Therapeutics,

Inc.

*

600

1,254

Agenus,

Inc.

*

155

849

agilon

health,

Inc.

*

21,875

85,969

AirSculpt

Technologies,

Inc.

*

710

3,600

Akebia

Therapeutics,

Inc.

*

2,474

3,266

Akero

Therapeutics,

Inc.

*

838

24,042

Akoya

Biosciences,

Inc.

*

1,357

3,691

Alarm.com

Holdings,

Inc.

*

3,474

189,924

Aldeyra

Therapeutics,

Inc.

*

287

1,547

Alector,

Inc.

*

5,927

27,620

Alkermes

PLC

*

11,832

331,178

Alphatec

Holdings,

Inc.

*

7,491

41,650

Alta

Equipment

Group,

Inc.

1,896

12,779

Altimmune,

Inc.

*

2,849

17,493

Alto

Neuroscience,

Inc.

*

925

10,582

Alumis,

Inc.

*

542

5,789

ALX

Oncology

Holdings,

Inc.

*

2,881

5,243

American

Public

Education,

Inc.

*

20

295

Amicus

Therapeutics,

Inc.

*

21,139

225,765

AMN

Healthcare

Services,

Inc.

*

2,726

115,555

Amneal

Pharmaceuticals,

Inc.

*

9,778

81,353

Amphastar

Pharmaceuticals,

Inc.

*

2,752

133,555

AnaptysBio,

Inc.

*

1,447

48,474

Anavex

Life

Sciences

Corp.

*

1,508

8,565

Andersons,

Inc.

306

15,343

ANI

Pharmaceuticals,

Inc.

*

951

56,737

Anika

Therapeutics,

Inc.

*

143

3,532

Apogee

Therapeutics,

Inc.

*

2,736

160,713

Applied

Therapeutics,

Inc.

*

4,315

36,677

Aquestive

Therapeutics,

Inc.

*

1,319

6,569

Arbutus

Biopharma

Corp.

*

9,678

37,260

Arcellx,

Inc.

*

3,134

261,720

Arcturus

Therapeutics

Holdings,

Inc.

*

1,499

34,792

Arcus

Biosciences,

Inc.

*

3,816

58,347

Arcutis

Biotherapeutics,

Inc.

*

7,792

72,466

Ardelyx,

Inc.

*

16,614

114,470

Ardent

Health

Partners,

Inc.

*

561

10,311

Arlo

Technologies,

Inc.

*

6,756

81,815

ArriVent

Biopharma,

Inc.

*

1,230

28,905

Arrowhead

Pharmaceuticals,

Inc.

*

8,612

166,814

ARS

Pharmaceuticals,

Inc.

*

3,631

52,649

Artiva

Biotherapeutics,

Inc.

*

(South

Korea) 

562

8,683

Artivion,

Inc.

*

2,211

58,857

a

Shares

Value

Arvinas,

Inc.

*

4,608

$

113,495

Astrana

Health,

Inc.

*

3,096

179,382

Astria

Therapeutics,

Inc.

*

2,809

30,927

Atossa

Therapeutics,

Inc.

*

1,973

2,999

AtriCure,

Inc.

*

2,165

60,707

Aurinia

Pharmaceuticals,

Inc.

*

(Canada) 

7,005

51,347

Avadel

Pharmaceuticals

PLC

*

6,604

86,611

Aveanna

Healthcare

Holdings,

Inc.

*

2,624

13,645

Avid

Bioservices,

Inc.

*

4,317

49,127

Avidity

Biosciences,

Inc.

*

7,798

358,162

Avita

Medical,

Inc.

*

1,868

20,025

Axogen,

Inc.

*

3,115

43,672

Axonics,

Inc.

*

3,663

254,945

Axsome

Therapeutics,

Inc.

*

2,654

238,515

Barrett

Business

Services,

Inc.

1,657

62,154

Beauty

Health

Co.

*

5,839

8,408

Beyond

Meat,

Inc.

*

4,381

29,703

BioCryst

Pharmaceuticals,

Inc.

*

14,804

112,510

Biohaven

Ltd.

*

5,421

270,887

BioLife

Solutions,

Inc.

*

2,333

58,418

Biomea

Fusion,

Inc.

*

2,046

20,665

Biote

Corp.

Class A *

1,884

10,513

Bioventus,

Inc.

Class A *

829

9,907

Black

Diamond

Therapeutics,

Inc.

*

1,992

8,665

Blueprint

Medicines

Corp.

*

4,542

420,135

Boundless

Bio,

Inc.

*

459

1,593

BRC,

Inc.

Class A *

3,432

11,737

Bridgebio

Pharma,

Inc.

*

6,351

161,696

BrightSpring

Health

Services,

Inc.

*

3,901

57,267

Brink's

Co.

3,253

376,177

Brookdale

Senior

Living,

Inc.

*

11,580

78,628

Cabaletta

Bio,

Inc.

*

528

2,492

Cadiz,

Inc.

*

3,202

9,702

Cal-Maine

Foods,

Inc.

208

15,567

Calavo

Growers,

Inc.

154

4,394

Candel

Therapeutics,

Inc.

*

1,092

7,568

Capricor

Therapeutics,

Inc.

*

1,815

27,606

Cardiff

Oncology,

Inc.

*

899

2,400

CareDx,

Inc.

*

820

25,604

Cargo

Therapeutics,

Inc.

*

237

4,373

Carriage

Services,

Inc.

680

22,324

Cartesian

Therapeutics,

Inc.

*

389

6,271

Cass

Information

Systems,

Inc.

851

35,299

Cassava

Sciences,

Inc.

*

2,903

85,435

Castle

Biosciences,

Inc.

*

614

17,511

Catalyst

Pharmaceuticals,

Inc.

*

8,035

159,736

CBIZ,

Inc.

*

3,447

231,949

Celcuity,

Inc.

*

1,809

26,972

Celldex

Therapeutics,

Inc.

*

3,798

129,094

Central

Garden

&

Pet

Co.

*

211

7,695

Central

Garden

&

Pet

Co.

Class A *

548

17,207

Cerus

Corp.

*

13,211

22,987

CervoMed,

Inc.

*

301

4,395

CG

oncology,

Inc.

*

2,072

78,177

Chefs'

Warehouse,

Inc.

*

2,499

104,983

ChromaDex

Corp.

*

3,667

13,385

Cimpress

PLC

*

(Ireland) 

841

68,895

Cogent

Biosciences,

Inc.

*

6,274

67,759

Coherus

Biosciences,

Inc.

*

1,571

1,634

Collegium

Pharmaceutical,

Inc.

*

2,373

91,693

Community

Health

Systems,

Inc.

*

5,012

30,423

CompoSecure,

Inc.

Class A 

1,525

21,380

Concentra

Group

Holdings

Parent,

Inc.

*

1,104

24,685

Conduit

Pharmaceuticals,

Inc.

*

31,336

3,713

286

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

CONMED

Corp.

2,217

$

159,447

Contineum

Therapeutics,

Inc.

Class A *

219

4,192

Corbus

Pharmaceuticals

Holdings,

Inc.

*

455

9,387

Corcept

Therapeutics,

Inc.

*

5,789

267,915

CorMedix,

Inc.

*

3,706

29,944

CorVel

Corp.

*

639

208,883

Coursera,

Inc.

*

9,758

77,478

CPI

Card

Group,

Inc.

*

334

9,295

CRA

International,

Inc.

476

83,452

Crinetics

Pharmaceuticals,

Inc.

*

5,617

287,029

Cullinan

Therapeutics,

Inc.

*

3,311

55,426

Custom

Truck

One

Source,

Inc.

*

2,415

8,332

CVRx,

Inc.

*

1,062

9,356

Cytokinetics,

Inc.

*

767

40,498

Day

One

Biopharmaceuticals,

Inc.

*

3,413

47,543

Denali

Therapeutics,

Inc.

*

5,139

149,699

Dianthus

Therapeutics,

Inc.

*

93

2,546

Disc

Medicine,

Inc.

*

173

8,501

Distribution

Solutions

Group,

Inc.

*

604

23,260

DLH

Holdings

Corp.

*

17

159

DocGo,

Inc.

*

2,685

8,914

Driven

Brands

Holdings,

Inc.

*

4,371

62,374

Dynavax

Technologies

Corp.

*

7,487

83,405

Dyne

Therapeutics,

Inc.

*

5,826

209,270

Edgewise

Therapeutics,

Inc.

*

5,178

138,201

Elevation

Oncology,

Inc.

*

1,705

1,023

Embecta

Corp.

410

5,781

Enhabit,

Inc.

*

242

1,912

Enliven

Therapeutics,

Inc.

*

2,452

62,624

Ensign

Group,

Inc.

4,021

578,300

Esperion

Therapeutics,

Inc.

*

4,165

6,872

European

Wax

Center,

Inc.

Class A *

2,257

15,348

EVERTEC,

Inc.

4,600

155,894

Evolus,

Inc.

*

4,043

65,497

EyePoint

Pharmaceuticals,

Inc.

*

1,669

13,335

Fennec

Pharmaceuticals,

Inc.

*

(Canada) 

268

1,340

Fibrobiologics,

Inc.

*

2,280

7,045

First

Advantage

Corp.

*

2,105

41,784

FiscalNote

Holdings,

Inc.

*

5,444

6,968

Flywire

Corp.

*

8,908

146,002

Foghorn

Therapeutics,

Inc.

*

950

8,844

Forafric

Global

PLC

*

(Gibraltar) 

188

2,132

Fractyl

Health,

Inc.

*

1,542

3,901

Franklin

Covey

Co.

*

843

34,673

Fulcrum

Therapeutics,

Inc.

*

1,949

6,958

GeneDx

Holdings

Corp.

*

90

3,820

Geron

Corp.

*

29,478

133,830

Glaukos

Corp.

*

3,538

460,931

Greenwich

Lifesciences,

Inc.

*

349

5,015

Guardant

Health,

Inc.

*

8,561

196,389

Hackett

Group,

Inc.

1,584

41,612

Haemonetics

Corp.

*

3,610

290,172

Halozyme

Therapeutics,

Inc.

*

8,989

514,530

Harmony

Biosciences

Holdings,

Inc.

*

2,208

88,320

Harrow,

Inc.

*

2,175

97,788

HealthEquity,

Inc.

*

6,132

501,904

Herbalife

Ltd.

*

4,915

35,339

Herc

Holdings,

Inc.

2,037

324,759

Heron

Therapeutics,

Inc.

*

610

1,214

HireQuest,

Inc.

309

4,375

Honest

Co.,

Inc.

*

2,542

9,075

Humacyte,

Inc.

*

6,507

35,398

Huron

Consulting

Group,

Inc.

*

1,252

136,092

ICF

International,

Inc.

1,342

223,832

a

Shares

Value

Ideaya

Biosciences,

Inc.

*

6,038

$

191,284

IGM

Biosciences,

Inc.

*

922

15,250

ImmunityBio,

Inc.

*

8,070

30,020

Immunome,

Inc.

*

3,780

55,264

Immunovant,

Inc.

*

4,180

119,172

Inari

Medical,

Inc.

*

3,812

157,207

InfuSystem

Holdings,

Inc.

*

1,442

9,661

Inhibrx

Biosciences,

Inc.

*

526

8,237

Inmode

Ltd.

*

710

12,034

Inmune

Bio,

Inc.

*

1,046

5,638

Innovage

Holding

Corp.

*

347

2,082

Innoviva,

Inc.

*

259

5,001

Insmed,

Inc.

*

11,352

828,696

Insperity,

Inc.

2,596

228,448

Integer

Holdings

Corp.

*

1,687

219,310

Inter

Parfums,

Inc.

1,322

171,173

Iovance

Biotherapeutics,

Inc.

*

18,334

172,156

iRadimed

Corp.

559

28,112

iRhythm

Technologies,

Inc.

*

2,249

166,966

Ironwood

Pharmaceuticals,

Inc.

*

3,458

14,247

Ispire

Technology,

Inc.

*

1,456

9,034

J&J

Snack

Foods

Corp.

1,105

190,193

Janux

Therapeutics,

Inc.

*

2,062

93,677

Jasper

Therapeutics,

Inc.

*

828

15,575

John

B

Sanfilippo

&

Son,

Inc.

681

64,225

John

Wiley

&

Sons,

Inc.

Class A 

1,410

68,032

Joint

Corp.

*

840

9,610

KalVista

Pharmaceuticals,

Inc.

*

2,813

32,575

Keros

Therapeutics,

Inc.

*

2,117

122,934

Kforce,

Inc.

1,387

85,231

Kiniksa

Pharmaceuticals

International

PLC

*

2,640

65,974

Korro

Bio,

Inc.

*

90

3,008

Krispy

Kreme,

Inc.

6,287

67,522

Krystal

Biotech,

Inc.

*

1,790

325,834

Kura

Oncology,

Inc.

*

5,195

101,510

Kymera

Therapeutics,

Inc.

*

3,215

152,166

Kyverna

Therapeutics,

Inc.

*

567

2,773

Lancaster

Colony

Corp.

1,418

250,376

Lantheus

Holdings,

Inc.

*

4,968

545,238

Larimar

Therapeutics,

Inc.

*

3,099

20,298

Laureate

Education,

Inc.

7,879

130,870

Legalzoom.com,

Inc.

*

10,093

64,091

LeMaitre

Vascular,

Inc.

1,450

134,690

Lexeo

Therapeutics,

Inc.

*

1,598

14,446

Lexicon

Pharmaceuticals,

Inc.

*

3,650

5,730

LifeStance

Health

Group,

Inc.

*

4,521

31,647

Lifeway

Foods,

Inc.

*

369

9,564

Lineage

Cell

Therapeutics,

Inc.

*

10,712

9,698

Liquidia

Corp.

*

4,232

42,320

LivaNova

PLC

*

233

12,242

LiveRamp

Holdings,

Inc.

*

4,721

116,986

Longboard

Pharmaceuticals,

Inc.

*

2,377

79,225

MacroGenics,

Inc.

*

2,976

9,791

Madrigal

Pharmaceuticals,

Inc.

*

1,266

268,671

Mama's

Creations,

Inc.

*

2,408

17,578

MannKind

Corp.

*

14,858

93,457

Maravai

LifeSciences

Holdings,

Inc.

Class A *

7,817

64,959

MarketWise,

Inc.

4,629

3,094

Marqeta,

Inc.

Class A *

29,163

143,482

MediWound

Ltd.

*

(Israel) 

593

10,710

MeiraGTx

Holdings

PLC

*

2,009

8,378

Merit

Medical

Systems,

Inc.

*

4,130

408,168

Mersana

Therapeutics,

Inc.

*

4,899

9,259

287

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Metagenomi,

Inc.

*

545

$

1,183

MGP

Ingredients,

Inc.

1,006

83,749

MiMedx

Group,

Inc.

*

4,047

23,918

Mind

Medicine

MindMed,

Inc.

*

5,300

30,157

Mineralys

Therapeutics,

Inc.

*

630

7,629

Mirum

Pharmaceuticals,

Inc.

*

2,809

109,551

Mission

Produce,

Inc.

*

324

4,154

Mister

Car

Wash,

Inc.

*

5,976

38,904

ModivCare,

Inc.

*

414

5,912

Moneylion,

Inc.

*

715

29,708

Nano-X

Imaging

Ltd.

*

(Israel) 

3,780

22,982

Nathan's

Famous,

Inc.

169

13,672

National

Beverage

Corp.

1,658

77,827

National

Research

Corp.

1,100

25,146

Natural

Grocers

by

Vitamin

Cottage,

Inc.

Class C 

239

7,096

Nature's

Sunshine

Products,

Inc.

*

135

1,839

NeoGenomics,

Inc.

*

618

9,115

Neumora

Therapeutics,

Inc.

*

6,186

81,717

Neurogene,

Inc.

*

402

16,868

NeuroPace,

Inc.

*

748

5,214

Novavax,

Inc.

*

7,820

98,767

Novocure

Ltd.

*

7,663

119,773

Nurix

Therapeutics,

Inc.

*

3,190

71,679

Nuvalent,

Inc.

Class A *

2,503

256,057

Ocugen,

Inc.

*

18,810

18,663

Ocular

Therapeutix,

Inc.

*

11,117

96,718

Olema

Pharmaceuticals,

Inc.

*

806

9,624

Omeros

Corp.

*

1,554

6,169

OmniAb,

Inc.

*

1,176

4,974

Option

Care

Health,

Inc.

*

5,832

182,542

Orchestra

BioMed

Holdings,

Inc.

*

1,603

8,239

Organogenesis

Holdings,

Inc.

*

519

1,484

ORIC

Pharmaceuticals,

Inc.

*

1,088

11,152

Oscar

Health,

Inc.

Class A *

14,035

297,682

Outlook

Therapeutics,

Inc.

*

492

2,627

Ovid

therapeutics,

Inc.

*

5,808

6,853

Owens

&

Minor,

Inc.

*

834

13,085

Pacira

BioSciences,

Inc.

*

170

2,558

PACS

Group,

Inc.

*

2,841

113,555

Paragon

28,

Inc.

*

3,449

23,039

Patterson

Cos.,

Inc.

1,124

24,548

Payoneer

Global,

Inc.

*

14,343

108,003

Pennant

Group,

Inc.

*

2,051

73,221

PepGen,

Inc.

*

1,077

9,208

Performant

Financial

Corp.

*

3,673

13,737

Perspective

Therapeutics,

Inc.

*

3,171

42,333

PetIQ,

Inc.

*

292

8,985

Phathom

Pharmaceuticals,

Inc.

*

440

7,955

Phibro

Animal

Health

Corp.

Class A 

351

7,905

Poseida

Therapeutics,

Inc.

*

1,057

3,023

Praxis

Precision

Medicines,

Inc.

*

1,221

70,256

Precigen,

Inc.

*

1,217

1,153

Prime

Medicine,

Inc.

*

4,161

16,103

Primo

Water

Corp.

1,491

37,648

Priority

Technology

Holdings,

Inc.

*

1,502

10,259

PROCEPT

BioRobotics

Corp.

*

3,057

244,927

PROG

Holdings,

Inc.

524

25,409

Progyny,

Inc.

*

6,066

101,666

ProKidney

Corp.

*

5,736

11,013

Protagonist

Therapeutics,

Inc.

*

4,235

190,575

Prothena

Corp.

PLC

*

(Ireland) 

1,689

28,257

PTC

Therapeutics,

Inc.

*

4,167

154,596

Pulmonx

Corp.

*

2,769

22,955

a

Shares

Value

Pulse

Biosciences,

Inc.

*

1,359

$

23,837

Puma

Biotechnology,

Inc.

*

729

1,859

Quad/Graphics,

Inc.

1,620

7,355

Quanterix

Corp.

*

278

3,603

RadNet,

Inc.

*

4,828

335,015

Rapport

Therapeutics,

Inc.

*

368

7,537

Recursion

Pharmaceuticals,

Inc.

Class A *

17,180

113,216

Regulus

Therapeutics,

Inc.

*

950

1,491

Remitly

Global,

Inc.

*

10,490

140,461

Renovaro,

Inc.

*

1,661

803

Revance

Therapeutics,

Inc.

*

7,589

39,387

REVOLUTION

Medicines,

Inc.

*

7,179

325,568

Rhythm

Pharmaceuticals,

Inc.

*

3,921

205,421

Rigel

Pharmaceuticals,

Inc.

*

989

16,002

Rocket

Pharmaceuticals,

Inc.

*

4,716

87,105

RxSight,

Inc.

*

2,587

127,875

Sana

Biotechnology,

Inc.

*

9,732

40,485

Sanara

Medtech,

Inc.

*

305

9,223

Savara,

Inc.

*

6,666

28,264

Scholar

Rock

Holding

Corp.

*

4,543

36,389

Scilex

Holding

Co.

*

509

471

scPharmaceuticals,

Inc.

*

1,726

7,871

Select

Medical

Holdings

Corp.

5,305

184,985

Semler

Scientific,

Inc.

*

339

7,983

Sera

Prognostics,

Inc.

Class A *

2,060

16,068

Sezzle,

Inc.

*

157

26,783

Shattuck

Labs,

Inc.

*

1,605

5,601

SI-BONE,

Inc.

*

2,417

33,790

SIGA

Technologies,

Inc.

2,515

16,976

Simply

Good

Foods

Co.

*

6,545

227,570

Soleno

Therapeutics,

Inc.

*

1,675

84,571

Solid

Biosciences,

Inc.

*

103

718

Sonida

Senior

Living,

Inc.

*

101

2,701

SoundThinking,

Inc.

*

682

7,904

Spire

Global,

Inc.

*

1,999

19,970

SpringWorks

Therapeutics,

Inc.

*

4,957

158,822

Sprouts

Farmers

Market,

Inc.

*

7,281

803,895

Spyre

Therapeutics,

Inc.

*

194

5,706

STAAR

Surgical

Co.

*

3,543

131,622

Stereotaxis,

Inc.

*

4,449

9,076

Sterling

Check

Corp.

*

1,455

24,328

Stoke

Therapeutics,

Inc.

*

2,624

32,249

StoneCo

Ltd.

Class A *

(Brazil) 

10,751

121,056

Stride,

Inc.

*

3,074

262,243

Summit

Therapeutics,

Inc.

*

5,989

131,159

SunOpta,

Inc.

*

(Canada) 

6,728

42,925

Supernus

Pharmaceuticals,

Inc.

*

190

5,924

Surmodics,

Inc.

*

651

25,246

Syndax

Pharmaceuticals,

Inc.

*

5,897

113,517

Tandem

Diabetes

Care,

Inc.

*

4,697

199,200

Tango

Therapeutics,

Inc.

*

3,933

30,284

Target

Hospitality

Corp.

*

2,423

18,851

Tarsus

Pharmaceuticals,

Inc.

*

2,703

88,902

Taysha

Gene

Therapies,

Inc.

*

11,750

23,617

Teladoc

Health,

Inc.

*

1,833

16,827

Telomir

Pharmaceuticals,

Inc.

*

454

2,915

Tenaya

Therapeutics,

Inc.

*

846

1,633

Terns

Pharmaceuticals,

Inc.

*

181

1,510

TG

Therapeutics,

Inc.

*

10,028

234,555

Transcat,

Inc.

*

655

79,104

TransMedics

Group,

Inc.

*

2,315

363,455

Treace

Medical

Concepts,

Inc.

*

3,566

20,683

Trevi

Therapeutics,

Inc.

*

2,937

9,810

TriNet

Group,

Inc.

2,306

223,613

288

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

TScan

Therapeutics,

Inc.

*

1,843

$

9,178

Turning

Point

Brands,

Inc.

1,000

43,150

Twist

Bioscience

Corp.

*

4,152

187,587

Tyra

Biosciences,

Inc.

*

1,496

35,171

U.S.

Physical

Therapy,

Inc.

1,068

90,385

Udemy,

Inc.

*

6,654

49,506

UFP

Technologies,

Inc.

*

523

165,634

Universal

Technical

Institute,

Inc.

*

2,924

47,544

Upbound

Group,

Inc.

3,842

122,906

UroGen

Pharma

Ltd.

*

2,168

27,534

Utz

Brands,

Inc.

3,102

54,905

Vaxcyte,

Inc.

*

8,615

984,436

Vector

Group

Ltd.

1,531

22,843

Vera

Therapeutics,

Inc.

*

2,869

126,810

Verastem,

Inc.

*

2,734

8,175

Vericel

Corp.

*

3,496

147,706

Verra

Mobility

Corp.

*

12,055

335,250

Veru,

Inc.

*

5,673

4,363

Viad

Corp.

*

1,486

53,243

Viemed

Healthcare,

Inc.

*

2,416

17,709

Viridian

Therapeutics,

Inc.

*

3,242

73,755

Vita

Coco

Co.,

Inc.

*

2,871

81,278

Vital

Farms,

Inc.

*

2,395

83,993

WaVe

Life

Sciences

Ltd.

*

4,884

40,049

WD-40

Co.

982

253,238

Westrock

Coffee

Co.

*

2,366

15,379

WK

Kellogg

Co.

4,821

82,487

X4

Pharmaceuticals,

Inc.

*

13,663

9,145

Xencor,

Inc.

*

1,993

40,079

Xeris

Biopharma

Holdings,

Inc.

*

10,183

29,022

XOMA

Royalty

Corp.

*

381

10,089

Y-mAbs

Therapeutics,

Inc.

*

2,712

35,663

Zevra

Therapeutics,

Inc.

*

1,649

11,444

ZipRecruiter,

Inc.

Class A *

4,871

46,274

Zura

Bio

Ltd.

*

(United

Kingdom) 

3,087

12,533

Zynex,

Inc.

*

1,063

8,674

32,407,475

Energy

-

3.2%

spacing

Alpha

Metallurgical

Resources,

Inc.

791

186,818

Archrock,

Inc.

12,073

244,358

Aris

Water

Solutions,

Inc.

Class A 

122

2,058

Array

Technologies,

Inc.

*

10,793

71,234

ASP

Isotopes,

Inc.

*

3,503

9,738

Atlas

Energy

Solutions,

Inc.

4,866

106,079

Berry

Corp.

1,935

9,946

ChampionX

Corp.

13,793

415,859

Core

Laboratories,

Inc.

3,453

63,984

Crescent

Energy

Co.

Class A 

2,620

28,689

CVR

Energy,

Inc.

2,326

53,568

Delek

U.S.

Holdings,

Inc.

1,291

24,206

Diversified

Energy

Co.

PLC

~

151

1,718

DMC

Global,

Inc.

*

426

5,530

Drilling

Tools

International

Corp.

*

1,412

5,267

Empire

Petroleum

Corp.

*

1,103

5,791

Evolution

Petroleum

Corp.

486

2,581

Fluence

Energy,

Inc.

*

4,473

101,582

Gulfport

Energy

Corp.

*

467

70,680

Helix

Energy

Solutions

Group,

Inc.

*

1,934

21,467

Kinetik

Holdings,

Inc.

349

15,796

Kodiak

Gas

Services,

Inc.

408

11,832

Kosmos

Energy

Ltd.

*

(Ghana) 

33,112

133,441

Liberty

Energy,

Inc.

680

12,981

Magnolia

Oil

&

Gas

Corp.

Class A 

11,583

282,857

a

Shares

Value

Montauk

Renewables,

Inc.

*

4,810

$

25,060

Nabors

Industries

Ltd.

*

200

12,894

Natural

Gas

Services

Group,

Inc.

*

110

2,102

NextDecade

Corp.

*

7,828

36,870

Noble

Corp.

PLC

6,526

235,850

Northern

Oil

&

Gas,

Inc.

480

16,997

Oceaneering

International,

Inc.

*

7,311

181,825

Plug

Power,

Inc.

*

4,196

9,483

Prairie

Operating

Co.

*

299

2,619

Ramaco

Resources,

Inc.

Class A 

2,013

23,552

Ramaco

Resources,

Inc.

Class B 

215

2,313

REX

American

Resources

Corp.

*

243

11,248

Riley

Exploration

Permian,

Inc.

84

2,225

Sable

Offshore

Corp.

*

3,794

89,652

Seadrill

Ltd.

*

(Norway) 

1,485

59,014

Shoals

Technologies

Group,

Inc.

Class A *

12,517

70,220

SM

Energy

Co.

1,392

55,638

TETRA

Technologies,

Inc.

*

8,125

25,188

Tidewater,

Inc.

*

3,512

252,127

VAALCO

Energy,

Inc.

871

5,000

Valaris

Ltd.

*

2,848

158,776

Verde

Clean

Fuels,

Inc.

*

1,347

5,375

W&T

Offshore,

Inc.

6,822

14,667

3,186,755

Financial

-

9.4%

spacing

AG

Mortgage

Investment

Trust,

Inc.

REIT

302

2,268

Alexander's,

Inc.

REIT

162

39,262

American

Coastal

Insurance

Corp.

Class C *

816

9,196

AMERISAFE,

Inc.

660

31,898

Angel

Oak

Mortgage

REIT,

Inc.

442

4,610

Apartment

Investment

&

Management

Co.

Class A REIT

*

4,797

43,365

Armada

Hoffler

Properties,

Inc.

REIT

189

2,047

Artisan

Partners

Asset

Management,

Inc.

Class A 

3,468

150,234

Atlanticus

Holdings

Corp.

*

83

2,912

Axos

Financial,

Inc.

*

430

27,038

B

Riley

Financial,

Inc.

2,300

12,075

Baldwin

Insurance

Group,

Inc.

*

4,764

237,247

BancFirst

Corp.

197

20,734

Bancorp,

Inc.

*

2,519

134,766

Bank7

Corp.

125

4,684

Bowhead

Specialty

Holdings,

Inc.

*

132

3,697

Brightsphere

Investment

Group,

Inc.

2,117

53,772

CareTrust

REIT,

Inc.

930

28,700

CBL

&

Associates

Properties,

Inc.

REIT

1,052

26,510

Cipher

Mining,

Inc.

*

8,540

33,050

Citizens

Financial

Services,

Inc.

70

4,113

City

Holding

Co.

48

5,635

Cleanspark,

Inc.

*

16,636

155,380

Clipper

Realty,

Inc.

REIT

547

3,118

Coastal

Financial

Corp.

*

864

46,647

Cohen

&

Steers,

Inc.

2,015

193,339

Columbia

Financial,

Inc.

*

359

6,128

Community

Healthcare

Trust,

Inc.

REIT

137

2,487

Compass,

Inc.

Class A *

27,412

167,487

Core

Scientific,

Inc.

*

10,291

122,051

Crawford

&

Co.

Class A 

1,163

12,758

Dave,

Inc.

*

575

22,977

Diamond

Hill

Investment

Group,

Inc.

187

30,221

Esquire

Financial

Holdings,

Inc.

527

34,366

eXp

World

Holdings,

Inc.

5,962

84,005

289

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Federal

Agricultural

Mortgage

Corp.

Class C 

607

$

113,758

First

BanCorp

567

12,003

First

Business

Financial

Services,

Inc.

78

3,556

First

Financial

Bankshares,

Inc.

9,512

352,039

First

Foundation,

Inc.

1,700

10,608

First

Internet

Bancorp

354

12,128

First

Western

Financial,

Inc.

*

292

5,840

FTAI

Aviation

Ltd.

7,364

978,676

GCM

Grosvenor,

Inc.

Class A 

3,083

34,900

Gladstone

Commercial

Corp.

REIT

368

5,976

Goosehead

Insurance,

Inc.

Class A *

1,621

144,755

Greene

County

Bancorp,

Inc.

571

17,644

Hamilton

Lane,

Inc.

Class A 

2,801

471,660

HCI

Group,

Inc.

601

64,343

International

Money

Express,

Inc.

*

2,337

43,211

Investors

Title

Co.

16

3,677

Kingsway

Financial

Services,

Inc.

*

(Canada) 

1,149

9,514

KKR

Real

Estate

Finance

Trust,

Inc.

REIT

929

11,473

Lakeland

Financial

Corp.

102

6,642

Lemonade,

Inc.

*

2,963

48,860

LendingTree,

Inc.

*

687

39,867

Live

Oak

Bancshares,

Inc.

2,218

105,067

MARA

Holdings,

Inc.

*

16,111

261,320

Maui

Land

&

Pineapple

Co.,

Inc.

*

525

11,786

McGrath

RentCorp

1,764

185,714

Mercury

General

Corp.

264

16,627

Metrocity

Bankshares,

Inc.

183

5,603

Moelis

&

Co.

Class A 

2,763

189,293

Mr.

Cooper

Group,

Inc.

*

1,736

160,024

NerdWallet,

Inc.

Class A *

2,940

37,367

NETSTREIT

Corp.

REIT

1,054

17,423

Nicolet

Bankshares,

Inc.

279

26,681

NMI

Holdings,

Inc.

*

472

19,442

Offerpad

Solutions,

Inc.

*

1,021

4,145

OppFi,

Inc.

1,548

7,322

Outfront

Media,

Inc.

REIT

4,290

78,850

P10,

Inc.

Class A 

2,613

27,985

Pagseguro

Digital

Ltd.

Class A *

(Brazil) 

7,005

60,313

Palomar

Holdings,

Inc.

*

1,767

167,282

Pathward

Financial,

Inc.

415

27,394

Patria

Investments

Ltd.

Class A (Cayman) 

4,442

49,617

Paysign,

Inc.

*

2,471

9,069

PennyMac

Financial

Services,

Inc.

1,102

125,595

Peoples

Financial

Services

Corp.

201

9,423

Perella

Weinberg

Partners

3,970

76,661

Phillips

Edison

&

Co.,

Inc.

REIT

1,364

51,436

Piper

Sandler

Cos.

1,270

360,439

PJT

Partners,

Inc.

Class A 

1,727

230,278

Postal

Realty

Trust,

Inc.

Class A REIT

409

5,988

Real

Brokerage,

Inc.

*

(Canada) 

7,034

39,039

Redfin

Corp.

*

8,390

105,127

Regional

Management

Corp.

135

4,416

Riot

Platforms,

Inc.

*

2,677

19,863

Roadzen,

Inc.

*

3,274

3,896

Root,

Inc.

Class A *

639

24,141

Ryman

Hospitality

Properties,

Inc.

REIT

4,262

457,057

Saul

Centers,

Inc.

REIT

712

29,876

Selective

Insurance

Group,

Inc.

3,773

352,021

ServisFirst

Bancshares,

Inc.

1,055

84,875

Shore

Bancshares,

Inc.

451

6,309

SiriusPoint

Ltd.

*

(Sweden) 

678

9,723

Sky

Harbour

Group

Corp.

*

921

10,168

Skyward

Specialty

Insurance

Group,

Inc.

*

656

26,719

a

Shares

Value

St.

Joe

Co.

2,550

$

148,691

StepStone

Group,

Inc.

Class A 

4,571

259,770

StoneX

Group,

Inc.

*

222

18,177

Strawberry

Fields

REIT,

Inc.

253

3,211

Tanger,

Inc.

REIT

3,068

101,796

Terawulf,

Inc.

*

15,838

74,122

Tiptree,

Inc.

660

12,916

Triumph

Financial,

Inc.

*

1,487

118,276

Trupanion,

Inc.

*

2,435

102,221

UMH

Properties,

Inc.

REIT

736

14,477

Universal

Health

Realty

Income

Trust

REIT

815

37,286

Universal

Insurance

Holdings,

Inc.

401

8,886

Upstart

Holdings,

Inc.

*

5,586

223,496

USCB

Financial

Holdings,

Inc.

428

6,527

Victory

Capital

Holdings,

Inc.

Class A 

3,054

169,192

Virtus

Investment

Partners,

Inc.

420

87,969

Walker

&

Dunlop,

Inc.

1,706

193,785

WisdomTree,

Inc.

10,256

102,457

World

Acceptance

Corp.

*

237

27,961

9,362,497

Industrial

-

19.5%

spacing

374Water,

Inc.

*

3,947

5,368

AAR

Corp.

*

536

35,033

Advanced

Energy

Industries,

Inc.

2,699

284,043

AeroVironment,

Inc.

*

1,896

380,148

Alamo

Group,

Inc.

750

135,098

Albany

International

Corp.

Class A 

558

49,578

American

Superconductor

Corp.

*

2,512

59,283

American

Woodmark

Corp.

*

85

7,943

Amprius

Technologies,

Inc.

*

297

330

Apogee

Enterprises,

Inc.

523

36,618

Applied

Industrial

Technologies,

Inc.

2,796

623,872

ArcBest

Corp.

1,703

184,690

Archer

Aviation,

Inc.

Class A *

17,443

52,852

Ardagh

Metal

Packaging

SA

10,326

38,929

Argan,

Inc.

880

89,258

Arq,

Inc.

*

45

264

Aspen

Aerogels,

Inc.

*

941

26,056

Atkore,

Inc.

2,648

224,392

Atmus

Filtration

Technologies,

Inc.

6,042

226,756

AZZ,

Inc.

1,756

145,063

Badger

Meter,

Inc.

2,121

463,248

Belden,

Inc.

1,565

183,308

Bloom

Energy

Corp.

Class A *

13,063

137,945

Boise

Cascade

Co.

1,375

193,848

Bowman

Consulting

Group

Ltd.

*

963

23,189

Byrna

Technologies,

Inc.

*

1,330

22,570

Cactus,

Inc.

Class A 

4,713

281,225

Cadre

Holdings,

Inc.

1,891

71,763

Casella

Waste

Systems,

Inc.

Class A *

4,452

442,930

CECO

Environmental

Corp.

*

2,150

60,630

Centuri

Holdings,

Inc.

*

877

14,164

ChargePoint

Holdings,

Inc.

*

15,753

21,582

Chart

Industries,

Inc.

*

3,101

384,958

Construction

Partners,

Inc.

Class A *

3,108

216,938

Costamare,

Inc.

(Monaco) 

369

5,801

Covenant

Logistics

Group,

Inc.

127

6,711

CryoPort,

Inc.

*

2,610

21,167

CSW

Industrials,

Inc.

1,200

439,668

CTS

Corp.

1,725

83,456

Dorian

LPG

Ltd.

1,286

44,264

DXP

Enterprises,

Inc.

*

53

2,828

Dycom

Industries,

Inc.

*

2,052

404,449

290

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Energizer

Holdings,

Inc.

5,207

$

165,374

Energy

Recovery,

Inc.

*

3,995

69,473

Enerpac

Tool

Group

Corp.

3,918

164,125

EnerSys

2,648

270,228

Enovix

Corp.

*

10,916

101,955

Enpro,

Inc.

169

27,408

ESCO

Technologies,

Inc.

910

117,372

Eve

Holding,

Inc.

*

2,066

6,694

Evolv

Technologies

Holdings,

Inc.

*

9,599

38,876

Exponent,

Inc.

3,651

420,887

Fabrinet

*

(Thailand) 

2,631

622,074

Federal

Signal

Corp.

4,353

406,831

FLEX

LNG

Ltd.

(Norway) 

1,333

33,912

Fluor

Corp.

*

11,320

540,077

Franklin

Electric

Co.,

Inc.

3,301

346,011

Frontdoor,

Inc.

*

5,667

271,959

Gibraltar

Industries,

Inc.

*

1,056

73,846

Gorman-Rupp

Co.

1,524

59,360

GrafTech

International

Ltd.

*

17,985

23,740

Graham

Corp.

*

748

22,133

Granite

Construction,

Inc.

2,636

208,982

Griffon

Corp.

2,708

189,560

Heartland

Express,

Inc.

1,168

14,343

Helios

Technologies,

Inc.

1,594

76,034

Hillenbrand,

Inc.

1,616

44,925

Hillman

Solutions

Corp.

*

2,890

30,518

Himalaya

Shipping

Ltd.

*

(Bermuda) 

1,962

16,991

Hyster-Yale,

Inc.

511

32,586

Ichor

Holdings

Ltd.

*

754

23,985

IES

Holdings,

Inc.

*

593

118,375

Insteel

Industries,

Inc.

598

18,592

Iteris,

Inc.

*

2,924

20,877

Itron,

Inc.

*

2,999

320,323

Janus

International

Group,

Inc.

*

10,076

101,868

JELD-WEN

Holding,

Inc.

*

2,174

34,371

Joby

Aviation,

Inc.

*

29,113

146,438

John

Bean

Technologies

Corp.

149

14,678

Kadant,

Inc.

845

285,610

Karat

Packaging,

Inc.

390

10,097

Knife

River

Corp.

*

4,125

368,734

Kratos

Defense

&

Security

Solutions,

Inc.

*

4,836

112,679

LanzaTech

Global,

Inc.

*

10,720

20,475

Leonardo

DRS,

Inc.

*

3,567

100,661

Limbach

Holdings,

Inc.

*

754

57,123

Lindsay

Corp.

375

46,740

LSI

Industries,

Inc.

1,429

23,078

Marten

Transport

Ltd.

728

12,886

Materion

Corp.

1,399

156,492

Mesa

Laboratories,

Inc.

125

16,233

MicroVision,

Inc.

*

6,612

7,538

Mirion

Technologies,

Inc.

*

1,557

17,236

Modine

Manufacturing

Co.

*

3,737

496,236

Montrose

Environmental

Group,

Inc.

*

2,334

61,384

Moog,

Inc.

Class A 

2,073

418,787

Mueller

Industries,

Inc.

7,483

554,490

Mueller

Water

Products,

Inc.

Class A 

11,306

245,340

Myers

Industries,

Inc.

2,705

37,383

MYR

Group,

Inc.

*

1,178

120,427

NANO

Nuclear

Energy,

Inc.

*

232

3,343

Napco

Security

Technologies,

Inc.

2,506

101,393

NEXTracker,

Inc.

Class A *

7,734

289,870

nLight,

Inc.

*

184

1,967

Northwest

Pipe

Co.

*

139

6,273

Novanta,

Inc.

*

2,587

462,866

a

Shares

Value

NuScale

Power

Corp.

*

5,712

$

66,145

NV5

Global,

Inc.

*

182

17,013

NVE

Corp.

358

28,593

Omega

Flex,

Inc.

240

11,981

Orion

Group

Holdings,

Inc.

*

251

1,448

OSI

Systems,

Inc.

*

1,097

166,558

Pactiv

Evergreen,

Inc.

504

5,801

Park

Aerospace

Corp.

754

9,825

Perma-Fix

Environmental

Services,

Inc.

*

967

11,865

Plexus

Corp.

*

579

79,155

Powell

Industries,

Inc.

669

148,511

Primoris

Services

Corp.

3,553

206,358

Proficient

Auto

Logistics,

Inc.

*

299

4,240

PureCycle

Technologies,

Inc.

*

1,721

16,350

Quest

Resource

Holding

Corp.

*

1,238

9,879

Redwire

Corp.

*

303

2,082

Rocket

Lab

USA,

Inc.

*

24,905

242,326

RXO,

Inc.

*

9,768

273,504

SFL

Corp.

Ltd.

(Norway) 

1,703

19,704

Sight

Sciences,

Inc.

*

2,568

16,178

Smith

&

Wesson

Brands,

Inc.

216

2,804

Smith-Midland

Corp.

*

263

8,782

Solidion

Technology,

Inc.

*

12,358

4,560

SPX

Technologies,

Inc.

*

3,260

519,840

Standard

BioTools,

Inc.

*

5,396

10,414

Standex

International

Corp.

638

116,614

Sterling

Infrastructure,

Inc.

*

2,177

315,709

Sturm

Ruger

&

Co.,

Inc.

355

14,796

Taylor

Devices,

Inc.

*

183

9,135

Tecnoglass,

Inc.

1,648

113,152

Tennant

Co.

617

59,257

Thermon

Group

Holdings,

Inc.

*

212

6,326

Trinity

Industries,

Inc.

5,417

188,728

Turtle

Beach

Corp.

*

745

11,428

UFP

Industries,

Inc.

2,494

327,238

Universal

Logistics

Holdings,

Inc.

199

8,579

Vicor

Corp.

*

907

38,185

VirTra,

Inc.

*

464

2,886

Watts

Water

Technologies,

Inc.

Class A 

1,982

410,651

Werner

Enterprises,

Inc.

648

25,006

World

Kinect

Corp.

450

13,910

Worthington

Enterprises,

Inc.

2,026

83,978

Xometry,

Inc.

Class A *

2,950

54,192

Zurn

Elkay

Water

Solutions

Corp.

9,942

357,315

19,404,339

Technology

-

15.5%

spacing

8x8,

Inc.

*

8,435

17,207

ACI

Worldwide,

Inc.

*

7,654

389,589

ACM

Research,

Inc.

Class A *

2,563

52,029

ACV

Auctions,

Inc.

Class A *

10,747

218,487

Adeia,

Inc.

6,583

78,404

Aehr

Test

Systems

*

2,015

25,893

Agilysys,

Inc.

*

1,630

177,621

Alignment

Healthcare,

Inc.

*

7,116

84,111

Alkami

Technology,

Inc.

*

3,316

104,587

Altair

Engineering,

Inc.

Class A *

4,144

395,793

Ambarella,

Inc.

*

1,412

79,644

Amplitude,

Inc.

Class A *

5,710

51,219

Appian

Corp.

Class A *

2,897

98,904

Arteris,

Inc.

*

2,087

16,112

Asana,

Inc.

Class A *

5,905

68,439

ASGN,

Inc.

*

764

71,228

AvePoint,

Inc.

*

9,292

109,367

291

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

AvidXchange

Holdings,

Inc.

*

12,423

$

100,751

Axcelis

Technologies,

Inc.

*

2,336

244,930

Bandwidth,

Inc.

Class A *

1,638

28,681

BigBear.ai

Holdings,

Inc.

*

8,124

11,861

BigCommerce

Holdings,

Inc.

*

5,178

30,291

Blackbaud,

Inc.

*

2,993

253,447

BlackLine,

Inc.

*

4,193

231,202

Blend

Labs,

Inc.

Class A *

16,371

61,391

Box,

Inc.

Class A *

10,196

333,715

Braze,

Inc.

Class A *

4,781

154,618

C3.ai,

Inc.

Class A *

6,092

147,609

Cantaloupe,

Inc.

*

4,154

30,740

CEVA,

Inc.

*

1,456

35,162

Clear

Secure,

Inc.

Class A 

6,393

211,864

Clearwater

Analytics

Holdings,

Inc.

Class A *

10,996

277,649

Climb

Global

Solutions,

Inc.

311

30,957

CommVault

Systems,

Inc.

*

2,951

454,011

Corsair

Gaming,

Inc.

*

492

3,424

Cricut,

Inc.

Class A 

2,764

19,155

CS

Disco,

Inc.

*

1,544

9,079

CSG

Systems

International,

Inc.

2,173

105,716

D-Wave

Quantum,

Inc.

*

(Canada) 

2,655

2,610

Daily

Journal

Corp.

*

74

36,267

Digimarc

Corp.

*

1,075

28,896

DigitalOcean

Holdings,

Inc.

*

4,746

191,691

Diodes,

Inc.

*

354

22,688

Domo,

Inc.

Class B *

2,539

19,068

Donnelley

Financial

Solutions,

Inc.

*

1,207

79,457

eGain

Corp.

*

1,010

5,151

Enfusion,

Inc.

Class A *

3,603

34,192

Envestnet,

Inc.

*

2,604

163,062

EverCommerce,

Inc.

*

1,213

12,567

Everspin

Technologies,

Inc.

*

801

4,726

Evolent

Health,

Inc.

Class A *

8,292

234,498

ExlService

Holdings,

Inc.

*

11,385

434,338

Fastly,

Inc.

Class A *

7,563

57,252

FormFactor,

Inc.

*

5,564

255,944

Freshworks,

Inc.

Class A *

15,057

172,854

GCT

Semiconductor

Holding,

Inc.

*

2,107

7,058

GigaCloud

Technology,

Inc.

Class A *

(Hong

Kong) 

1,720

39,526

Golden

Matrix

Group,

Inc.

*

1,065

2,481

Grid

Dynamics

Holdings,

Inc.

*

3,470

48,580

Health

Catalyst,

Inc.

*

300

2,442

I3

Verticals,

Inc.

Class A *

56

1,193

Ibotta,

Inc.

Class A *

552

34,009

iLearningEngines

Holdings,

Inc.

*

5,587

9,330

Impinj,

Inc.

*

1,662

359,856

Innodata,

Inc.

*

2,007

33,657

Insight

Enterprises,

Inc.

*

2,024

435,949

Inspired

Entertainment,

Inc.

*

1,629

15,101

Instructure

Holdings,

Inc.

*

951

22,396

Intapp,

Inc.

*

2,849

136,268

Integral

Ad

Science

Holding

Corp.

*

738

7,978

IonQ,

Inc.

*

14,274

124,755

Jamf

Holding

Corp.

*

5,934

102,955

Kaltura,

Inc.

*

7,304

9,933

Kulicke

&

Soffa

Industries,

Inc.

(Singapore) 

3,942

177,902

Life360,

Inc.

*

378

14,874

Matterport,

Inc.

*

19,334

87,003

Maximus,

Inc.

4,454

414,935

MaxLinear,

Inc.

*

5,488

79,466

Meridianlink,

Inc.

*

1,229

25,281

a

Shares

Value

Mitek

Systems,

Inc.

*

3,480

$

30,172

N-able,

Inc.

*

5,103

66,645

Navitas

Semiconductor

Corp.

*

923

2,261

NCR

Atleos

Corp.

*

5,204

148,470

NCR

Voyix

Corp.

*

9,439

128,087

NextNav,

Inc.

*

5,134

38,454

Olo,

Inc.

Class A *

3,876

19,225

OneSpan,

Inc.

*

2,569

42,825

Ouster,

Inc.

*

677

4,265

PagerDuty,

Inc.

*

6,588

122,207

PAR

Technology

Corp.

*

2,461

128,169

PDF

Solutions,

Inc.

*

2,194

69,506

Photronics,

Inc.

*

1,534

37,982

Phreesia,

Inc.

*

4,013

91,456

Pitney

Bowes,

Inc.

2,627

18,731

PlayAGS,

Inc.

*

2,598

29,591

Porch

Group,

Inc.

*

6,328

9,713

Power

Integrations,

Inc.

4,128

264,687

PowerSchool

Holdings,

Inc.

Class A *

3,829

87,339

Privia

Health

Group,

Inc.

*

7,273

132,441

Progress

Software

Corp.

3,124

210,464

PROS

Holdings,

Inc.

*

3,236

59,931

PubMatic,

Inc.

Class A *

2,927

43,524

Qualys,

Inc.

*

2,686

345,044

QuickLogic

Corp.

*

1,050

8,053

Rambus,

Inc.

*

7,847

331,300

Rapid7,

Inc.

*

4,478

178,627

Red

Violet,

Inc.

*

726

20,655

Rekor

Systems,

Inc.

*

5,405

6,378

ReposiTrak,

Inc.

915

16,900

Rimini

Street,

Inc.

*

388

718

Sapiens

International

Corp.

NV

(Israel) 

2,232

83,187

Schrodinger,

Inc.

*

3,975

73,736

SEMrush

Holdings,

Inc.

Class A *

2,502

39,306

Semtech

Corp.

*

4,672

213,324

Silicon

Laboratories,

Inc.

*

2,319

268,007

Silvaco

Group,

Inc.

*

376

5,377

Simulations

Plus,

Inc.

1,155

36,983

SiTime

Corp.

*

1,326

227,422

SkyWater

Technology,

Inc.

*

1,970

17,888

SoundHound

AI,

Inc.

Class A *

20,912

97,450

Sprout

Social,

Inc.

Class A *

3,544

103,024

SPS

Commerce,

Inc.

*

2,701

524,453

Synaptics,

Inc.

*

175

13,577

System1,

Inc.

*

1,452

1,626

Talkspace,

Inc.

*

11,075

23,147

Tenable

Holdings,

Inc.

*

8,589

348,026

Ultra

Clean

Holdings,

Inc.

*

3,247

129,653

Varonis

Systems,

Inc.

*

7,996

451,774

Veeco

Instruments,

Inc.

*

3,451

114,332

Vertex,

Inc.

Class A *

3,963

152,615

Viant

Technology,

Inc.

Class A *

1,198

13,262

Waystar

Holding

Corp.

*

2,061

57,481

Weave

Communications,

Inc.

*

2,937

37,594

WM

Technology,

Inc.

*

7,286

6,339

WNS

Holdings

Ltd.

*

(India) 

3,270

172,362

Workiva,

Inc.

*

3,670

290,370

Yext,

Inc.

*

7,395

51,173

Zeta

Global

Holdings

Corp.

Class A *

12,930

385,702

Zuora,

Inc.

Class A *

10,058

86,700

15,482,786

Utilities

-

0.5%

spacing

Ameresco,

Inc.

Class A *

787

29,859

292

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$2,433

or less

than

0.1%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

(b)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

a

Shares

Value

American

States

Water

Co.

1,533

$

127,683

California

Water

Service

Group

1,087

58,937

Consolidated

Water

Co.

Ltd.

(Cayman) 

276

6,958

Genie

Energy

Ltd.

Class B 

487

7,914

Global

Water

Resources,

Inc.

811

10,210

MGE

Energy,

Inc.

1,157

105,808

Middlesex

Water

Co.

128

8,351

Otter

Tail

Corp.

1,333

104,187

York

Water

Co.

28

1,049

460,956

Total

Common

Stocks

    (Cost

$85,401,270)

97,723,261

EXCHANGE-TRADED

FUNDS

-

1.4%

iShares

Russell

2000

Growth

4,852

1,377,968

a

Total

Exchange-Traded

Funds

    (Cost

$1,279,276)

1,377,968

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.6%

Repurchase

Agreements

-

0.6%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$552,154;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$563,196)

$

552,085

552,085

a

Total

Short-Term

Investments

(Cost

$552,085)

552,085

TOTAL

INVESTMENTS

-

100.0%

(Cost

$87,233,795)

99,655,956

DERIVATIVES

-

0.0%

5,694

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.0%)

(

16,378

)

NET

ASSETS

-

100.0%

$

99,645,273

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CME

Micro

E-Mini

Russell

2000

Index

12/24

59

$

657,820

$

663,514

$

5,694

a

293

PACIFIC

SELECT

FUND

PD

SMALL-CAP

GROWTH

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(c)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Rights

$

2,433

$

–

$

–

$

2,433

Warrants

209

–

209

–

Common

Stocks

Basic

Materials

3,281,543

3,281,543

–

–

Communications

4,038,231

4,038,231

–

–

Consumer,

Cyclical

10,098,679

10,098,679

–

–

Consumer,

Non-Cyclical

32,407,475

32,407,004

471

–

Energy

3,186,755

3,186,755

–

–

Financial

9,362,497

9,362,497

–

–

Industrial

19,404,339

19,404,339

–

–

Technology

15,482,786

15,482,786

–

–

Utilities

460,956

460,956

–

–

Total

Common

Stocks

97,723,261

97,722,790

471

–

Exchange-Traded

Funds

1,377,968

1,377,968

–

–

Short-Term

Investments

552,085

–

552,085

–

Derivatives:

Equity

Contracts

Futures

5,694

5,694

–

–

Total

$

99,661,650

$

99,106,452

$

552,765

$

2,433

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

294

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

RIGHTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Chinook

Therapeutics,

Inc.

-

Contingent

Value

Rights

* ± Ω

2,612

$

2,194

Contra

Aduro

Biotechnologies,

Inc.

-

Contingent

Value

Rights

* ± Ω

123

59

Icosavax,

Inc.

-

Contingent

Value

Rights

*

1,865

578

Inhibrx,

Inc.

-

Contingent

Value

Rights

* ± Ω

767

859

OmniAb,

Inc.

$12.50

-

Earn

Out

Shares

* ± Ω

588

–

OmniAb,

Inc.

$15.00

-

Earn

Out

Shares

* ± Ω

588

–

3,690

Total

Rights

    (Cost

$2,095)

3,690

WARRANTS

-

0.0%

Consumer,

Non-Cyclical

-

0.0%

Pulse

Biosciences,

Inc.

Exercise

@

$3.27

Exp 06/26/29

*

77

252

Pulse

Biosciences,

Inc.

Exercise

@

$3.27

Exp 06/27/29

*

77

251

503

Total

Warrants

    (Cost

$0)

503

COMMON

STOCKS

-

97.9%

Basic

Materials

-

3.6%

spacing

AdvanSix,

Inc.

2,150

65,317

American

Vanguard

Corp.

2,082

11,035

Arcadium

Lithium

PLC

*

(Argentina) 

92,492

263,602

Avient

Corp.

7,639

384,395

Caledonia

Mining

Corp.

PLC

(South

Africa) 

978

14,631

Centrus

Energy

Corp.

Class A *

203

11,135

Codexis,

Inc.

*

5,365

16,524

Coeur

Mining,

Inc.

*

33,752

232,214

Commercial

Metals

Co.

9,747

535,695

Compass

Minerals

International,

Inc.

2,921

35,110

Contango

ORE,

Inc.

*

430

8,282

Ecovyst,

Inc.

*

9,597

65,739

Encore

Energy

Corp.

*

(Canada) 

3,436

13,881

Energy

Fuels,

Inc.

*

15,341

84,222

Haynes

International,

Inc.

973

57,932

HB

Fuller

Co.

3,316

263,224

Hecla

Mining

Co.

49,080

327,364

i-80

Gold

Corp.

*

(Canada) 

21,163

24,549

Innospec,

Inc.

267

30,195

Intrepid

Potash,

Inc.

*

945

22,680

Kaiser

Aluminum

Corp.

46

3,336

Koppers

Holdings,

Inc.

1,717

62,722

Kronos

Worldwide,

Inc.

2,298

28,610

Lifezone

Holdings

Ltd.

*

(Isle

of

Man) 

3,022

21,154

Mativ

Holdings,

Inc.

4,548

77,271

Metals

Acquisition

Ltd.

Class A *

(Australia) 

3,076

42,603

Minerals

Technologies,

Inc.

2,721

210,143

Novagold

Resources,

Inc.

*

(Canada) 

20,699

84,866

Oil-Dri

Corp.

of

America

274

18,903

Perimeter

Solutions

SA

*

11,351

152,671

Piedmont

Lithium,

Inc.

*

568

5,072

a

Shares

Value

Radius

Recycling,

Inc.

2,280

$

42,271

Rayonier

Advanced

Materials,

Inc.

*

5,505

47,123

Rogers

Corp.

*

1,537

173,696

Sensient

Technologies

Corp.

131

10,509

SSR

Mining,

Inc.

(Canada) 

16,613

94,362

Stepan

Co.

1,635

126,304

Sylvamo

Corp.

2,362

202,778

Tronox

Holdings

PLC

10,234

149,723

Universal

Stainless

&

Alloy

Products,

Inc.

*

742

28,663

Valhi,

Inc.

282

9,410

4,059,916

Communications

-

4.0%

spacing

1-800-Flowers.com,

Inc.

Class A *

1,636

12,973

1stdibs.com,

Inc.

*

1,348

5,945

ADTRAN

Holdings,

Inc.

*

7,268

43,099

Advantage

Solutions,

Inc.

*

9,227

31,649

AMC

Networks,

Inc.

Class A *

2,092

18,179

Applied

Digital

Corp.

*

3,017

24,890

AST

SpaceMobile,

Inc.

*

11,163

291,912

ATN

International,

Inc.

857

27,715

Aviat

Networks,

Inc.

*

893

19,316

BARK,

Inc.

*

11,133

18,147

Beyond,

Inc.

*

3,976

40,078

BlackSky

Technology,

Inc.

*

1,017

4,821

Boston

Omaha

Corp.

Class A *

1,800

26,766

Bumble,

Inc.

Class A *

6,975

44,501

Cable

One,

Inc.

479

167,549

Calix,

Inc.

*

1,343

52,095

Cars.com,

Inc.

*

5,471

91,694

Clear

Channel

Outdoor

Holdings,

Inc.

*

26,488

42,381

Clearfield,

Inc.

*

1,070

41,687

CommScope

Holding

Co.,

Inc.

*

17,590

107,475

Consolidated

Communications

Holdings,

Inc.

*

5,211

24,179

Despegar.com

Corp.

*

(Argentina) 

4,481

55,564

DigitalBridge

Group,

Inc.

10,135

143,208

EchoStar

Corp.

Class A *

10,393

257,954

Entravision

Communications

Corp.

Class A 

5,367

11,110

ePlus,

Inc.

*

745

73,263

Eventbrite,

Inc.

Class A *

454

1,239

EW

Scripps

Co.

Class A *

5,610

12,594

Extreme

Networks,

Inc.

*

5,008

75,270

Figs,

Inc.

Class A *

9,596

65,637

fuboTV,

Inc.

*

21,140

30,019

Gannett

Co.,

Inc.

*

12,911

72,560

Globalstar,

Inc.

*

6,776

8,402

Gogo,

Inc.

*

3,049

21,892

Gray

Television,

Inc.

7,410

39,718

Groupon,

Inc.

*

808

7,902

HealthStream,

Inc.

1,389

40,059

IDT

Corp.

Class B 

230

8,779

iHeartMedia,

Inc.

Class A *

9,231

17,077

Innovid

Corp.

*

(Israel) 

8,645

15,561

Lands'

End,

Inc.

*

1,284

22,175

Liberty

Latin

America

Ltd.

Class A *

2,173

20,817

Liberty

Latin

America

Ltd.

Class C *

10,985

104,248

LifeMD,

Inc.

*

946

4,957

LiveOne,

Inc.

*

1,645

1,561

Lumen

Technologies,

Inc.

*

84,441

599,531

Magnite,

Inc.

*

1,260

17,451

National

CineMedia,

Inc.

*

6,147

43,336

NETGEAR,

Inc.

*

2,367

47,482

Nextdoor

Holdings,

Inc.

*

13,921

34,524

295

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Ooma,

Inc.

*

1,391

$

15,844

Opendoor

Technologies,

Inc.

*

50,385

100,770

Powerfleet,

Inc.

NJ

*

7,890

39,450

Preformed

Line

Products

Co.

144

18,444

RealReal,

Inc.

*

2,191

6,880

Ribbon

Communications,

Inc.

*

7,647

24,853

RumbleON,

Inc.

Class B *

1,089

5,216

Scholastic

Corp.

2,108

67,477

Shenandoah

Telecommunications

Co.

3,849

54,309

Shutterstock,

Inc.

363

12,839

Sphere

Entertainment

Co.

*

2,279

100,686

Spok

Holdings,

Inc.

1,219

18,358

Stagwell,

Inc.

*

6,459

45,342

Stitch

Fix,

Inc.

Class A *

7,913

22,315

TEGNA,

Inc.

14,509

228,952

Telephone

&

Data

Systems,

Inc.

8,363

194,440

Terran

Orbital

Corp.

*

9,932

2,495

TrueCar,

Inc.

*

6,625

22,856

Vacasa,

Inc.

Class A *

582

1,635

Viasat,

Inc.

*

10,404

124,224

Viavi

Solutions,

Inc.

*

18,402

165,986

WideOpenWest,

Inc.

*

4,234

22,229

Ziff

Davis,

Inc.

*

3,827

186,222

4,472,763

Consumer,

Cyclical

-

12.0%

spacing

A-Mark

Precious

Metals,

Inc.

1,444

63,767

Academy

Sports

&

Outdoors,

Inc.

4,521

263,846

Adient

PLC

*

7,709

173,992

Aeva

Technologies,

Inc.

*

3,042

10,008

Allegiant

Travel

Co.

1,328

73,120

AMC

Entertainment

Holdings,

Inc.

Class A *

28,220

128,401

American

Axle

&

Manufacturing

Holdings,

Inc.

*

9,898

61,170

American

Eagle

Outfitters,

Inc.

3,331

74,581

America's

Car-Mart,

Inc.

*

507

21,253

Arhaus,

Inc.

519

6,389

Arko

Corp.

5,890

41,348

Asbury

Automotive

Group,

Inc.

*

1,702

406,080

Aurora

Innovation,

Inc.

*

36,365

215,281

Bally's

Corp.

*

1,817

31,343

Beacon

Roofing

Supply,

Inc.

*

308

26,620

Beazer

Homes

USA,

Inc.

*

2,361

80,675

Biglari

Holdings,

Inc.

Class B *

61

10,493

BJ's

Restaurants,

Inc.

*

775

25,234

Blink

Charging

Co.

*

3,709

6,379

Bloomin'

Brands,

Inc.

3,322

54,913

BlueLinx

Holdings,

Inc.

*

744

78,432

Brinker

International,

Inc.

*

369

28,240

Caleres,

Inc.

2,105

69,570

Canoo,

Inc.

*

4,185

4,116

Century

Communities,

Inc.

2,007

206,681

Champion

Homes,

Inc.

*

2,414

228,968

Chuy's

Holdings,

Inc.

*

1,448

54,155

Cinemark

Holdings,

Inc.

*

1,982

55,179

Citi

Trends,

Inc.

*

735

13,502

Clarus

Corp.

1,633

7,349

Clean

Energy

Fuels

Corp.

*

13,936

43,341

Commercial

Vehicle

Group,

Inc.

*

2,378

7,729

Cooper-Standard

Holdings,

Inc.

*

1,441

19,987

Cracker

Barrel

Old

Country

Store,

Inc.

1,534

69,567

Daktronics,

Inc.

*

2,712

35,012

Dana,

Inc.

11,349

119,845

Denny's

Corp.

*

884

5,702

a

Shares

Value

Designer

Brands,

Inc.

Class A 

3,647

$

26,915

Destination

XL

Group,

Inc.

*

3,893

11,445

Dine

Brands

Global,

Inc.

1,316

41,099

Douglas

Dynamics,

Inc.

205

5,654

El

Pollo

Loco

Holdings,

Inc.

*

1,893

25,934

Empire

Resorts,

Inc.

(Escrow)

* ± Ω

81

–

Escalade,

Inc.

744

10,468

Ethan

Allen

Interiors,

Inc.

1,993

63,557

Everi

Holdings,

Inc.

*

3,065

40,274

EVgo,

Inc.

*

6,860

28,400

Flexsteel

Industries,

Inc.

401

17,760

Foot

Locker,

Inc.

7,038

181,862

Forestar

Group,

Inc.

*

1,399

45,286

Fox

Factory

Holding

Corp.

*

3,573

148,280

Full

House

Resorts,

Inc.

*

2,107

10,577

Funko,

Inc.

Class A *

2,615

31,955

G-III

Apparel

Group

Ltd.

*

3,419

104,348

Genesco,

Inc.

*

667

18,122

Global

Business

Travel

Group

I

*

1,005

7,728

GMS,

Inc.

*

354

32,062

Golden

Entertainment,

Inc.

1,513

48,098

Goodyear

Tire

&

Rubber

Co.

*

23,662

209,409

Green

Brick

Partners,

Inc.

*

1,850

154,512

Group

1

Automotive,

Inc.

1,116

427,473

GrowGeneration

Corp.

*

3,793

8,079

H&E

Equipment

Services,

Inc.

251

12,219

Hamilton

Beach

Brands

Holding

Co.

Class A 

739

22,488

Haverty

Furniture

Cos.,

Inc.

1,289

35,409

HNI

Corp.

2,140

115,218

Holley,

Inc.

*

1,751

5,165

Hooker

Furnishings

Corp.

928

16,778

Hovnanian

Enterprises,

Inc.

Class A *

393

80,317

Hudson

Technologies,

Inc.

*

3,052

25,454

Hyliion

Holdings

Corp.

*

12,030

29,834

indie

Semiconductor,

Inc.

Class A *

(China) 

9,193

36,680

Interface,

Inc.

4,540

86,124

International

Game

Technology

PLC

8,281

176,385

iRobot

Corp.

*

2,419

21,021

JAKKS

Pacific,

Inc.

*

610

15,567

JetBlue

Airways

Corp.

*

26,009

170,619

Johnson

Outdoors,

Inc.

Class A 

361

13,068

KB

Home

4,887

418,767

La-Z-Boy,

Inc.

3,632

155,922

Landsea

Homes

Corp.

*

1,328

16,401

Leslie's,

Inc.

*

5,940

18,770

LGI

Homes,

Inc.

*

1,594

188,921

Life

Time

Group

Holdings,

Inc.

*

5,070

123,809

Lifetime

Brands,

Inc.

886

5,794

Lindblad

Expeditions

Holdings,

Inc.

*

792

7,326

Lions

Gate

Entertainment

Corp.

Class A *

5,302

41,515

Lions

Gate

Entertainment

Corp.

Class B *

10,343

71,574

Lovesac

Co.

*

477

13,666

Luminar

Technologies,

Inc.

*

3,652

3,286

M/I

Homes,

Inc.

*

2,205

377,849

Madison

Square

Garden

Entertainment

Corp.

*

2,945

125,251

Malibu

Boats,

Inc.

Class A *

1,696

65,822

Marcus

Corp.

2,081

31,361

MarineMax,

Inc.

*

1,802

63,557

MasterCraft

Boat

Holdings,

Inc.

*

1,266

23,054

Meritage

Homes

Corp.

2,966

608,238

Methode

Electronics,

Inc.

3,177

37,997

Miller

Industries,

Inc.

947

57,767

296

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

MillerKnoll,

Inc.

5,998

$

148,511

Movado

Group,

Inc.

1,322

24,589

MRC

Global,

Inc.

*

7,236

92,187

National

Vision

Holdings,

Inc.

*

6,165

67,260

Nu

Skin

Enterprises,

Inc.

Class A 

4,324

31,868

ODP

Corp.

*

3,015

89,696

OneWater

Marine,

Inc.

Class A *

950

22,715

OPENLANE,

Inc.

*

9,283

156,697

Oxford

Industries,

Inc.

358

31,060

Papa

John's

International,

Inc.

660

35,554

PC

Connection,

Inc.

1,003

75,656

Peloton

Interactive,

Inc.

Class A *

1,747

8,176

Petco

Health

&

Wellness

Co.,

Inc.

*

6,345

28,870

Phinia,

Inc.

3,732

171,784

Portillo's,

Inc.

Class A *

692

9,321

PriceSmart,

Inc.

721

66,173

Purple

Innovation,

Inc.

*

6,191

6,121

RCI

Hospitality

Holdings,

Inc.

316

14,078

Red

Rock

Resorts,

Inc.

Class A 

2,271

123,633

Reservoir

Media,

Inc.

*

1,275

10,340

Resideo

Technologies,

Inc.

*

12,689

255,556

REV

Group,

Inc.

1,041

29,210

Rocky

Brands,

Inc.

399

12,712

Rush

Enterprises,

Inc.

Class A 

5,114

270,173

Rush

Enterprises,

Inc.

Class B 

636

30,496

Sabre

Corp.

*

25,411

93,258

Sally

Beauty

Holdings,

Inc.

*

8,573

116,336

ScanSource,

Inc.

*

2,149

103,216

SES

AI

Corp.

*

5,605

3,586

Shoe

Carnival,

Inc.

1,615

70,818

Shyft

Group,

Inc.

2,678

33,609

Signet

Jewelers

Ltd.

(NYSE)

3,585

369,757

Six

Flags

Entertainment

Corp.

2,119

85,417

SkyWest,

Inc.

*

3,518

299,100

Sleep

Number

Corp.

*

1,651

30,246

Solid

Power,

Inc.

*

13,545

18,286

Sonic

Automotive,

Inc.

Class A 

892

52,164

Sonos,

Inc.

*

873

10,729

Spirit

Airlines,

Inc.

7,916

18,998

Standard

Motor

Products,

Inc.

1,876

62,283

Steelcase,

Inc.

Class A 

8,142

109,836

Sun

Country

Airlines

Holdings,

Inc.

*

1,684

18,878

Superior

Group

of

Cos.,

Inc.

1,024

15,862

Taylor

Morrison

Home

Corp.

*

8,471

595,172

ThredUp,

Inc.

Class A *

5,266

4,434

Tile

Shop

Holdings,

Inc.

*

1,134

7,473

Tilly's,

Inc.

Class A *

399

2,035

Titan

International,

Inc.

*

4,264

34,666

Titan

Machinery,

Inc.

*

1,645

22,915

Topgolf

Callaway

Brands

Corp.

*

12,046

132,265

Traeger,

Inc.

*

2,493

9,174

Tri

Pointe

Homes,

Inc.

*

5,613

254,325

UniFirst

Corp.

1,361

270,363

United

Parks

&

Resorts,

Inc.

*

266

13,460

Urban

Outfitters,

Inc.

*

3,927

150,443

Vera

Bradley,

Inc.

*

2,217

12,105

Victoria's

Secret

&

Co.

*

5,092

130,864

Virco

Mfg.

Corp.

888

12,263

Vista

Outdoor,

Inc.

*

4,865

190,611

VSE

Corp.

1,174

97,125

Wabash

National

Corp.

3,914

75,110

Webtoon

Entertainment,

Inc.

*

(South

Korea) 

653

7,470

Weyco

Group,

Inc.

379

12,901

a

Shares

Value

Winmark

Corp.

229

$

87,691

Winnebago

Industries,

Inc.

2,409

139,987

Xperi,

Inc.

*

3,930

36,313

Zumiez,

Inc.

*

1,379

29,373

13,493,911

Consumer,

Non-Cyclical

-

14.3%

spacing

2seventy

bio,

Inc.

*

4,207

19,857

4D

Molecular

Therapeutics,

Inc.

*

1,488

16,085

89bio,

Inc.

*

6,845

50,653

Aaron's

Co.,

Inc.

3,129

31,134

ABM

Industries,

Inc.

5,372

283,427

Absci

Corp.

*

2,503

9,561

Acacia

Research

Corp.

*

2,482

11,566

ACCO

Brands

Corp.

8,617

47,135

Accolade,

Inc.

*

4,299

16,551

ACELYRIN,

Inc.

*

6,204

30,586

Achieve

Life

Sciences,

Inc.

*

927

4,394

Acrivon

Therapeutics,

Inc.

*

834

5,838

Acumen

Pharmaceuticals,

Inc.

*

3,006

7,455

AdaptHealth

Corp.

*

4,818

54,106

Adaptive

Biotechnologies

Corp.

*

9,926

50,821

ADC

Therapeutics

SA

*

(Switzerland) 

2,097

6,606

Addus

HomeCare

Corp.

*

867

115,337

Adtalem

Global

Education,

Inc.

*

2,623

197,984

Adverum

Biotechnologies,

Inc.

*

1,947

13,668

Agenus,

Inc.

*

1,279

7,009

Agios

Pharmaceuticals,

Inc.

*

4,800

213,264

Akebia

Therapeutics,

Inc.

*

16,219

21,409

Akero

Therapeutics,

Inc.

*

4,779

137,109

Aldeyra

Therapeutics,

Inc.

*

3,816

20,568

Alico,

Inc.

694

19,411

Alight,

Inc.

Class A *

36,656

271,254

Allogene

Therapeutics,

Inc.

*

10,290

28,812

Altimmune,

Inc.

*

2,839

17,431

Alto

Neuroscience,

Inc.

*

611

6,990

Alumis,

Inc.

*

490

5,233

American

Public

Education,

Inc.

*

1,271

18,747

Amneal

Pharmaceuticals,

Inc.

*

2,021

16,815

Anavex

Life

Sciences

Corp.

*

4,602

26,139

Andersons,

Inc.

2,479

124,297

AngioDynamics,

Inc.

*

3,153

24,530

ANI

Pharmaceuticals,

Inc.

*

415

24,759

Anika

Therapeutics,

Inc.

*

705

17,413

Annexon,

Inc.

*

8,060

47,715

Applied

Therapeutics,

Inc.

*

3,348

28,458

Aquestive

Therapeutics,

Inc.

*

4,765

23,730

Arbutus

Biopharma

Corp.

*

793

3,053

Arcturus

Therapeutics

Holdings,

Inc.

*

190

4,410

ArriVent

Biopharma,

Inc.

*

904

21,244

Artiva

Biotherapeutics,

Inc.

*

(South

Korea) 

457

7,061

Artivion,

Inc.

*

666

17,729

Astria

Therapeutics,

Inc.

*

688

7,575

Atea

Pharmaceuticals,

Inc.

*

6,222

20,844

Atossa

Therapeutics,

Inc.

*

10,343

15,721

AtriCure,

Inc.

*

1,249

35,022

Aura

Biosciences,

Inc.

*

3,826

34,090

Aurinia

Pharmaceuticals,

Inc.

*

(Canada) 

2,606

19,102

Avanos

Medical,

Inc.

*

3,761

90,377

Aveanna

Healthcare

Holdings,

Inc.

*

1,308

6,802

Avid

Bioservices,

Inc.

*

349

3,972

B&G

Foods,

Inc.

6,446

57,240

Barrett

Business

Services,

Inc.

179

6,714

Beam

Therapeutics,

Inc.

*

6,466

158,417

297

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

BioLife

Solutions,

Inc.

*

484

$

12,119

Bioventus,

Inc.

Class A *

1,797

21,474

Black

Diamond

Therapeutics,

Inc.

*

875

3,806

Blade

Air

Mobility,

Inc.

*

4,409

12,962

Bluebird

Bio,

Inc.

*

21,581

11,211

Bridgebio

Pharma,

Inc.

*

4,490

114,315

BrightView

Holdings,

Inc.

*

5,199

81,832

Brookdale

Senior

Living,

Inc.

*

1,946

13,213

C4

Therapeutics,

Inc.

*

5,093

29,030

Cabaletta

Bio,

Inc.

*

3,126

14,755

Cal-Maine

Foods,

Inc.

3,455

258,572

Calavo

Growers,

Inc.

1,114

31,782

Cardiff

Oncology,

Inc.

*

1,901

5,076

CareDx,

Inc.

*

3,328

103,917

Cargo

Therapeutics,

Inc.

*

2,528

46,642

Caribou

Biosciences,

Inc.

*

6,984

13,689

Carriage

Services,

Inc.

389

12,771

Cass

Information

Systems,

Inc.

298

12,361

Castle

Biosciences,

Inc.

*

1,482

42,267

Celcuity,

Inc.

*

125

1,864

Celldex

Therapeutics,

Inc.

*

1,016

34,534

Central

Garden

&

Pet

Co.

*

808

29,468

Central

Garden

&

Pet

Co.

Class A *

3,437

107,922

Century

Therapeutics,

Inc.

*

5,161

8,825

CG

oncology,

Inc.

*

1,564

59,010

Chegg,

Inc.

*

8,589

15,203

Cibus,

Inc.

*

1,056

3,443

Cimpress

PLC

*

(Ireland) 

504

41,288

Cogent

Biosciences,

Inc.

*

458

4,946

Coherus

Biosciences,

Inc.

*

5,788

6,020

Community

Health

Systems,

Inc.

*

4,911

29,810

Compass

Therapeutics,

Inc.

*

7,663

14,100

Concentra

Group

Holdings

Parent,

Inc.

*

349

7,804

Corbus

Pharmaceuticals

Holdings,

Inc.

*

421

8,685

CoreCivic,

Inc.

*

9,392

118,809

CorMedix,

Inc.

*

337

2,723

Cross

Country

Healthcare,

Inc.

*

2,864

38,492

Cullinan

Therapeutics,

Inc.

*

530

8,872

Cytek

Biosciences,

Inc.

*

10,255

56,813

Cytokinetics,

Inc.

*

8,678

458,198

Day

One

Biopharmaceuticals,

Inc.

*

302

4,207

Deluxe

Corp.

3,872

75,465

Denali

Therapeutics,

Inc.

*

4,423

128,842

Design

Therapeutics,

Inc.

*

2,856

15,365

Dianthus

Therapeutics,

Inc.

*

1,883

51,557

Disc

Medicine,

Inc.

*

1,487

73,071

DLH

Holdings

Corp.

*

253

2,368

DocGo,

Inc.

*

6,605

21,929

Dole

PLC

6,602

107,547

Duckhorn

Portfolio,

Inc.

*

3,473

20,178

Dynavax

Technologies

Corp.

*

2,138

23,817

Edgewell

Personal

Care

Co.

4,144

150,593

Editas

Medicine,

Inc.

*

7,050

24,040

Elevation

Oncology,

Inc.

*

5,460

3,275

Eliem

Therapeutics,

Inc.

*

2,234

11,371

Embecta

Corp.

4,208

59,333

Emerald

Holding,

Inc.

1,091

5,444

Enanta

Pharmaceuticals,

Inc.

*

1,686

17,467

Enhabit,

Inc.

*

3,182

25,138

Enliven

Therapeutics,

Inc.

*

148

3,780

Ennis,

Inc.

2,354

57,249

Entrada

Therapeutics,

Inc.

*

2,062

32,951

Erasca,

Inc.

*

14,517

39,631

Esperion

Therapeutics,

Inc.

*

11,607

19,152

a

Shares

Value

EyePoint

Pharmaceuticals,

Inc.

*

2,299

$

18,369

Fate

Therapeutics,

Inc.

*

8,592

30,072

Fennec

Pharmaceuticals,

Inc.

*

(Canada) 

1,216

6,080

First

Advantage

Corp.

*

1,553

30,827

Foghorn

Therapeutics,

Inc.

*

732

6,815

Forrester

Research,

Inc.

*

1,001

18,028

Fresh

Del

Monte

Produce,

Inc.

2,996

88,502

Fulcrum

Therapeutics,

Inc.

*

3,093

11,042

Fulgent

Genetics,

Inc.

*

1,751

38,049

GeneDx

Holdings

Corp.

*

925

39,257

Generation

Bio

Co.

*

5,074

12,533

GEO

Group,

Inc.

*

10,609

136,326

Geron

Corp.

*

15,630

70,960

Graham

Holdings

Co.

Class B 

278

228,438

Green

Dot

Corp.

Class A *

2,986

34,966

Gyre

Therapeutics,

Inc.

*

471

5,906

Hain

Celestial

Group,

Inc.

*

7,014

60,531

Harvard

Bioscience,

Inc.

*

1,933

5,200

Healthcare

Services

Group,

Inc.

*

6,164

68,852

Heidrick

&

Struggles

International,

Inc.

1,822

70,803

Helen

of

Troy

Ltd.

*

1,901

117,577

Herbalife

Ltd.

*

2,824

20,305

Heron

Therapeutics,

Inc.

*

9,127

18,163

Hertz

Global

Holdings,

Inc.

*

10,649

35,142

HF

Foods

Group,

Inc.

*

3,152

11,253

HilleVax,

Inc.

*

1,752

3,084

Honest

Co.,

Inc.

*

4,160

14,851

ICU

Medical,

Inc.

*

1,780

324,352

ImmunityBio,

Inc.

*

2,959

11,007

Information

Services

Group,

Inc.

4,564

15,061

Ingles

Markets,

Inc.

Class A 

1,282

95,637

Inhibrx

Biosciences,

Inc.

*

191

2,991

Inmode

Ltd.

*

5,842

99,022

Innovage

Holding

Corp.

*

776

4,656

Innoviva,

Inc.

*

4,100

79,171

Inogen,

Inc.

*

2,014

19,536

Inovio

Pharmaceuticals,

Inc.

*

2,230

12,889

Inozyme

Pharma,

Inc.

*

4,514

23,608

Integer

Holdings

Corp.

*

825

107,250

Integra

LifeSciences

Holdings

Corp.

*

5,543

100,716

Intellia

Therapeutics,

Inc.

*

8,181

168,120

Invivyd,

Inc.

*

8,775

8,950

Ironwood

Pharmaceuticals,

Inc.

*

7,740

31,889

iTeos

Therapeutics,

Inc.

*

2,191

22,370

John

Wiley

&

Sons,

Inc.

Class A 

1,528

73,726

Kelly

Services,

Inc.

Class A 

2,752

58,920

Kodiak

Sciences,

Inc.

*

3,492

9,114

Korn

Ferry

4,400

331,056

Korro

Bio,

Inc.

*

415

13,869

Kyverna

Therapeutics,

Inc.

*

539

2,636

Laureate

Education,

Inc.

2,353

39,083

LENZ

Therapeutics,

Inc.

1,105

26,233

Lexicon

Pharmaceuticals,

Inc.

*

6,958

10,924

Lifecore

Biomedical,

Inc.

*

1,449

7,144

LifeStance

Health

Group,

Inc.

*

5,845

40,915

Ligand

Pharmaceuticals,

Inc.

*

1,449

145,030

Limoneira

Co.

1,324

35,086

Lincoln

Educational

Services

Corp.

*

2,583

30,841

LivaNova

PLC

*

4,379

230,073

Lyell

Immunopharma,

Inc.

*

13,646

18,831

MacroGenics,

Inc.

*

734

2,415

MannKind

Corp.

*

5,009

31,507

MarketWise,

Inc.

10,609

7,090

Marqeta,

Inc.

Class A *

5,943

29,240

298

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Matthews

International

Corp.

Class A 

2,704

$

62,733

MaxCyte,

Inc.

*

8,774

34,131

Medifast,

Inc.

921

17,628

MeiraGTx

Holdings

PLC

*

655

2,731

Mersana

Therapeutics,

Inc.

*

3,956

7,477

MiMedx

Group,

Inc.

*

5,062

29,916

Mineralys

Therapeutics,

Inc.

*

1,891

22,900

Mission

Produce,

Inc.

*

2,772

35,537

Mister

Car

Wash,

Inc.

*

1,355

8,821

ModivCare,

Inc.

*

134

1,914

Monro,

Inc.

2,500

72,150

Monte

Rosa

Therapeutics,

Inc.

*

3,213

17,029

Myriad

Genetics,

Inc.

*

7,626

208,876

Nano-X

Imaging

Ltd.

*

(Israel) 

452

2,748

National

HealthCare

Corp.

1,048

131,807

Natural

Grocers

by

Vitamin

Cottage,

Inc.

Class C 

703

20,872

Nature's

Sunshine

Products,

Inc.

*

423

5,761

Nautilus

Biotechnology,

Inc.

SPAC

*

3,561

10,149

Nektar

Therapeutics

*

15,691

20,398

Neogen

Corp.

*

18,093

304,143

NeoGenomics,

Inc.

*

9,925

146,394

Neurogene,

Inc.

*

436

18,295

Nevro

Corp.

*

3,046

17,027

Nkarta,

Inc.

*

4,570

20,656

Novavax,

Inc.

*

2,766

34,935

Nurix

Therapeutics,

Inc.

*

1,766

39,682

Nuvation

Bio,

Inc.

*

15,380

35,220

Olaplex

Holdings,

Inc.

*

10,495

24,663

Olema

Pharmaceuticals,

Inc.

*

2,545

30,387

Omeros

Corp.

*

3,025

12,009

OmniAb,

Inc.

*

5,822

24,627

Omnicell,

Inc.

*

3,848

167,773

OPKO

Health,

Inc.

*

27,675

41,236

Option

Care

Health,

Inc.

*

7,802

244,203

OraSure

Technologies,

Inc.

*

5,321

22,721

Orchestra

BioMed

Holdings,

Inc.

*

854

4,390

Organogenesis

Holdings,

Inc.

*

5,477

15,664

ORIC

Pharmaceuticals,

Inc.

*

4,055

41,564

Orthofix

Medical,

Inc.

*

2,621

40,940

OrthoPediatrics

Corp.

*

1,329

36,029

Outlook

Therapeutics,

Inc.

*

427

2,280

Owens

&

Minor,

Inc.

*

5,446

85,448

Pacific

Biosciences

of

California,

Inc.

*

23,110

39,287

Pacira

BioSciences,

Inc.

*

3,483

52,419

Patterson

Cos.,

Inc.

5,574

121,736

Payoneer

Global,

Inc.

*

3,794

28,569

Paysafe

Ltd.

*

2,818

63,208

Pediatrix

Medical

Group,

Inc.

*

7,080

82,057

Perdoceo

Education

Corp.

4,042

89,894

Performant

Financial

Corp.

*

2,897

10,835

Perspective

Therapeutics,

Inc.

*

873

11,655

PetIQ,

Inc.

*

1,936

59,571

Phathom

Pharmaceuticals,

Inc.

*

2,231

40,336

Phibro

Animal

Health

Corp.

Class A 

1,262

28,420

Pliant

Therapeutics,

Inc.

*

4,547

50,972

Poseida

Therapeutics,

Inc.

*

3,539

10,122

Precigen,

Inc.

*

9,035

8,557

Prelude

Therapeutics,

Inc.

*

1,379

2,855

Prestige

Consumer

Healthcare,

Inc.

*

4,054

292,293

Primo

Water

Corp.

11,768

297,142

PROG

Holdings,

Inc.

2,975

144,258

ProKidney

Corp.

*

963

1,849

Prothena

Corp.

PLC

*

(Ireland) 

1,503

25,145

a

Shares

Value

PTC

Therapeutics,

Inc.

*

1,545

$

57,319

Puma

Biotechnology,

Inc.

*

3,191

8,137

Pyxis

Oncology,

Inc.

*

4,399

16,144

Q32

Bio,

Inc.

*

545

24,318

Quad/Graphics,

Inc.

916

4,159

Quanex

Building

Products

Corp.

3,735

103,646

Quanterix

Corp.

*

2,377

30,806

Quantum-Si,

Inc.

*

6,307

5,564

Quipt

Home

Medical

Corp.

*

1,893

5,528

Rapport

Therapeutics,

Inc.

*

316

6,472

RAPT

Therapeutics,

Inc.

*

3,912

7,863

REGENXBIO,

Inc.

*

3,666

38,456

Regulus

Therapeutics,

Inc.

*

3,180

4,993

Relay

Therapeutics,

Inc.

*

8,429

59,677

Repay

Holdings

Corp.

*

7,850

64,056

Replimune

Group,

Inc.

*

5,012

54,932

Resources

Connection,

Inc.

3,242

31,447

REVOLUTION

Medicines,

Inc.

*

4,527

205,299

Rigel

Pharmaceuticals,

Inc.

*

194

3,139

Sage

Therapeutics,

Inc.

*

4,586

33,111

Savara,

Inc.

*

1,468

6,224

Scholar

Rock

Holding

Corp.

*

555

4,446

Scilex

Holding

Co.

*

6,404

5,921

Select

Medical

Holdings

Corp.

2,881

100,460

Seneca

Foods

Corp.

Class A *

350

21,815

Sezzle,

Inc.

*

29

4,947

SI-BONE,

Inc.

*

527

7,367

SIGA

Technologies,

Inc.

838

5,656

Skye

Bioscience,

Inc.

*

1,047

4,094

Solid

Biosciences,

Inc.

*

1,906

13,285

Sonida

Senior

Living,

Inc.

*

113

3,022

SoundThinking,

Inc.

*

222

2,573

SpartanNash

Co.

3,061

68,597

Spyre

Therapeutics,

Inc.

*

2,674

78,642

Sterling

Check

Corp.

*

1,137

19,011

StoneCo

Ltd.

Class A *

(Brazil) 

12,081

136,032

Strategic

Education,

Inc.

1,892

175,105

Summit

Therapeutics,

Inc.

*

386

8,453

Supernus

Pharmaceuticals,

Inc.

*

3,919

122,194

Surgery

Partners,

Inc.

*

6,508

209,818

Surmodics,

Inc.

*

407

15,783

Sutro

Biopharma,

Inc.

*

6,049

20,930

Tactile

Systems

Technology,

Inc.

*

1,581

23,098

Tejon

Ranch

Co.

*

1,538

26,992

Teladoc

Health,

Inc.

*

11,892

109,169

Tenaya

Therapeutics,

Inc.

*

4,575

8,830

Terns

Pharmaceuticals,

Inc.

*

4,593

38,306

Theravance

Biopharma,

Inc.

*

2,982

24,035

Third

Harmonic

Bio,

Inc.

*

1,689

22,886

Tourmaline

Bio,

Inc.

1,963

50,469

Travere

Therapeutics,

Inc.

*

6,186

86,542

TreeHouse

Foods,

Inc.

*

3,933

165,107

Trevi

Therapeutics,

Inc.

*

2,714

9,065

TrueBlue,

Inc.

*

2,596

20,482

TScan

Therapeutics,

Inc.

*

1,001

4,985

Turning

Point

Brands,

Inc.

147

6,343

United

Natural

Foods,

Inc.

*

5,050

84,941

Universal

Corp.

2,109

112,009

UroGen

Pharma

Ltd.

*

523

6,642

USANA

Health

Sciences,

Inc.

*

874

33,142

Utah

Medical

Products,

Inc.

222

14,854

Utz

Brands,

Inc.

1,421

25,152

Vanda

Pharmaceuticals,

Inc.

*

4,720

22,137

Varex

Imaging

Corp.

*

2,745

32,720

299

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Vector

Group

Ltd.

10,495

$

156,585

Ventyx

Biosciences,

Inc.

*

4,310

9,396

Veracyte,

Inc.

*

6,589

224,290

Veru,

Inc.

*

3,125

2,403

Verve

Therapeutics,

Inc.

*

5,381

26,044

Village

Super

Market,

Inc.

Class A 

767

24,383

Vir

Biotechnology,

Inc.

*

7,618

57,059

Viridian

Therapeutics,

Inc.

*

1,399

31,827

Voyager

Therapeutics,

Inc.

*

3,849

22,517

Waldencast

PLC

Class A *

1,186

4,317

WaVe

Life

Sciences

Ltd.

*

832

6,822

Weis

Markets,

Inc.

1,358

93,607

Werewolf

Therapeutics,

Inc.

*

1,685

3,572

Willdan

Group,

Inc.

*

1,080

44,226

XBiotech,

Inc.

*

1,813

14,014

Xencor,

Inc.

*

2,624

52,769

XOMA

Royalty

Corp.

*

226

5,984

Zentalis

Pharmaceuticals,

Inc.

*

5,066

18,643

Zevra

Therapeutics,

Inc.

*

1,390

9,647

Zimvie,

Inc.

*

2,331

36,993

Zymeworks,

Inc.

*

4,825

60,554

16,146,555

Energy

-

7.1%

spacing

Aemetis,

Inc.

*

1,331

3,061

Amplify

Energy

Corp.

*

3,042

19,864

Arch

Resources,

Inc.

1,479

204,339

Aris

Water

Solutions,

Inc.

Class A 

2,170

36,608

Berry

Corp.

5,437

27,946

Borr

Drilling

Ltd.

*

(Mexico) 

19,959

109,575

Bristow

Group,

Inc.

*

2,152

74,653

California

Resources

Corp.

5,765

302,490

CNX

Resources

Corp.

*

12,508

407,386

Comstock

Resources,

Inc.

8,011

89,162

CONSOL

Energy,

Inc.

2,495

261,102

Crescent

Energy

Co.

Class A 

8,674

94,980

CVR

Energy,

Inc.

527

12,137

Delek

U.S.

Holdings,

Inc.

4,008

75,150

Diversified

Energy

Co.

PLC

~

3,585

40,797

DMC

Global,

Inc.

*

1,166

15,135

DNOW,

Inc.

*

9,117

117,883

Energy

Vault

Holdings,

Inc.

*

6,890

6,614

Evolution

Petroleum

Corp.

1,194

6,340

Excelerate

Energy,

Inc.

Class A 

1,294

28,481

Expro

Group

Holdings

NV

*

7,840

134,613

Forum

Energy

Technologies,

Inc.

*

827

12,785

Freyr

Battery,

Inc.

*

(Norway) 

10,333

10,024

FuelCell

Energy,

Inc.

*

43,799

16,644

FutureFuel

Corp.

2,322

13,352

Geospace

Technologies

Corp.

*

835

8,634

Golar

LNG

Ltd.

(Cameroon) 

8,227

302,425

Granite

Ridge

Resources,

Inc.

3,847

22,851

Green

Plains,

Inc.

*

5,449

73,779

Gulfport

Energy

Corp.

*

488

73,859

Hallador

Energy

Co.

*

1,777

16,757

Helix

Energy

Solutions

Group,

Inc.

*

9,964

110,600

Helmerich

&

Payne,

Inc.

8,740

265,871

HighPeak

Energy,

Inc.

906

12,575

Innovex

International,

Inc.

*

2,670

39,196

Kinetik

Holdings,

Inc.

2,878

130,258

Kodiak

Gas

Services,

Inc.

1,205

34,945

Liberty

Energy,

Inc.

13,159

251,205

Magnolia

Oil

&

Gas

Corp.

Class A 

973

23,761

Mammoth

Energy

Services,

Inc.

*

1,412

5,775

a

Shares

Value

Matrix

Service

Co.

*

1,982

$

22,852

Murphy

Oil

Corp.

12,238

412,910

Nabors

Industries

Ltd.

*

536

34,556

NACCO

Industries,

Inc.

Class A 

288

8,165

Natural

Gas

Services

Group,

Inc.

*

739

14,122

Newpark

Resources,

Inc.

*

6,611

45,814

Noble

Corp.

PLC

4,061

146,765

Northern

Oil

&

Gas,

Inc.

7,853

278,075

Oil

States

International,

Inc.

*

4,587

21,100

Par

Pacific

Holdings,

Inc.

*

4,744

83,494

Patterson-UTI

Energy,

Inc.

33,069

252,978

PBF

Energy,

Inc.

Class A 

8,715

269,729

Peabody

Energy

Corp.

10,924

289,923

Plug

Power,

Inc.

*

57,058

128,951

PrimeEnergy

Resources

Corp.

*

40

5,512

ProFrac

Holding

Corp.

Class A *

1,647

11,183

ProPetro

Holding

Corp.

*

7,368

56,439

Ranger

Energy

Services,

Inc.

1,029

12,255

REX

American

Resources

Corp.

*

1,006

46,568

Riley

Exploration

Permian,

Inc.

638

16,901

Ring

Energy,

Inc.

*

11,750

18,800

RPC,

Inc.

7,148

45,461

SandRidge

Energy,

Inc.

2,463

30,122

SEACOR

Marine

Holdings,

Inc.

*

1,568

15,131

Seadrill

Ltd.

*

(Norway) 

4,159

165,279

Select

Water

Solutions,

Inc.

7,886

87,771

Sitio

Royalties

Corp.

Class A 

6,650

138,586

SM

Energy

Co.

8,056

321,998

Solaris

Energy

Infrastructure,

Inc.

2,093

26,707

Stem,

Inc.

*

11,358

3,955

SunCoke

Energy,

Inc.

7,016

60,899

Sunnova

Energy

International,

Inc.

*

8,828

85,985

Sunrun,

Inc.

*

18,199

328,674

Talos

Energy,

Inc.

*

12,470

129,065

TPI

Composites,

Inc.

*

3,962

18,027

Transocean

Ltd.

*

61,636

261,953

VAALCO

Energy,

Inc.

8,497

48,773

Valaris

Ltd.

*

1,791

99,848

Vital

Energy,

Inc.

*

2,385

64,156

Vitesse

Energy,

Inc.

1,957

47,007

Warrior

Met

Coal,

Inc.

4,435

283,397

7,933,498

Financial

-

37.9%

spacing

1st

Source

Corp.

1,856

111,137

Acadia

Realty

Trust

REIT

8,769

205,896

ACNB

Corp.

824

35,984

AFC

Gamma,

Inc.

REIT

1,838

18,766

AG

Mortgage

Investment

Trust,

Inc.

REIT

1,675

12,579

Alerus

Financial

Corp.

1,637

37,455

Alexander

&

Baldwin,

Inc.

REIT

6,342

121,766

Alpine

Income

Property

Trust,

Inc.

REIT

850

15,470

AlTi

Global,

Inc.

*

3,943

14,747

Amalgamated

Financial

Corp.

1,664

52,200

Ambac

Financial

Group,

Inc.

*

4,106

46,028

Amerant

Bancorp,

Inc.

2,746

58,682

American

Assets

Trust,

Inc.

REIT

4,033

107,762

American

Coastal

Insurance

Corp.

Class C *

1,608

18,122

American

Healthcare

REIT,

Inc.

6,882

179,620

American

Realty

Investors,

Inc.

*

146

2,561

Ameris

Bancorp

4,573

285,309

AMERISAFE,

Inc.

987

47,702

Ames

National

Corp.

1,128

20,563

300

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Angel

Oak

Mortgage

REIT,

Inc.

1,214

$

12,662

Anywhere

Real

Estate,

Inc.

*

7,908

40,173

Apartment

Investment

&

Management

Co.

Class A REIT

*

5,562

50,280

Apollo

Commercial

Real

Estate

Finance,

Inc.

REIT

12,283

112,881

Apple

Hospitality

REIT,

Inc.

19,372

287,674

Arbor

Realty

Trust,

Inc.

REIT

11,438

177,975

ARES

Commercial

Real

Estate

Corp.

REIT

4,152

29,064

Armada

Hoffler

Properties,

Inc.

REIT

4,928

53,370

ARMOUR

Residential

REIT,

Inc.

4,363

89,005

Arrow

Financial

Corp.

1,647

47,203

Associated

Banc-Corp.

13,469

290,122

Atlantic

Union

Bankshares

Corp.

6,181

232,838

Atlanticus

Holdings

Corp.

*

516

18,101

Axos

Financial,

Inc.

*

4,107

258,248

Banc

of

California,

Inc.

11,951

176,038

BancFirst

Corp.

1,511

159,033

Banco

Latinoamericano

de

Comercio

Exterior

SA

(Panama) 

2,455

79,763

Bancorp,

Inc.

*

178

9,523

Bank

First

Corp.

891

80,814

Bank

of

Hawaii

Corp.

2,690

168,851

Bank

of

Marin

Bancorp

1,641

32,968

Bank

of

NT

Butterfield

&

Son

Ltd.

(Bermuda) 

4,213

155,375

Bank7

Corp.

517

19,372

BankUnited,

Inc.

5,171

188,431

Bankwell

Financial

Group,

Inc.

805

24,110

Banner

Corp.

2,362

140,681

Bar

Harbor

Bankshares

1,418

43,731

BayCom

Corp.

1,106

26,234

BCB

Bancorp,

Inc.

1,716

21,175

Berkshire

Hills

Bancorp,

Inc.

2,872

77,343

BGC

Group,

Inc.

Class A 

21,389

196,351

Bit

Digital,

Inc.

*

11,190

39,277

Blackstone

Mortgage

Trust,

Inc.

Class A REIT

14,746

280,321

Blue

Foundry

Bancorp

*

2,226

22,817

Bowhead

Specialty

Holdings,

Inc.

*

631

17,674

Braemar

Hotels

&

Resorts,

Inc.

REIT

5,645

17,443

Brandywine

Realty

Trust

REIT

14,265

77,602

Bread

Financial

Holdings,

Inc.

3,102

147,593

Bridgewater

Bancshares,

Inc.

*

1,850

26,215

BrightSpire

Capital,

Inc.

REIT

11,191

62,670

Broadstone

Net

Lease,

Inc.

REIT

15,949

302,234

Brookfield

Business

Corp.

Class A (Canada) 

2,358

59,728

Brookline

Bancorp,

Inc.

5,593

56,433

BRT

Apartments

Corp.

REIT

928

16,314

Burford

Capital

Ltd.

17,099

226,733

Burke

&

Herbert

Financial

Services

Corp.

1,212

73,920

Business

First

Bancshares,

Inc.

2,337

59,991

Byline

Bancorp,

Inc.

2,797

74,876

Cadence

Bank

11,591

369,173

California

BanCorp

*

2,403

35,540

Camden

National

Corp.

1,350

55,782

Cannae

Holdings,

Inc.

4,904

93,470

Capital

Bancorp,

Inc.

1,094

28,127

Capital

City

Bank

Group,

Inc.

1,306

46,089

Capitol

Federal

Financial,

Inc.

10,442

60,981

CareTrust

REIT,

Inc.

11,074

341,744

Carter

Bankshares,

Inc.

*

2,133

37,093

Cathay

General

Bancorp

4,668

200,491

CBL

&

Associates

Properties,

Inc.

REIT

513

12,928

a

Shares

Value

Centerspace

REIT

1,331

$

93,796

Central

Pacific

Financial

Corp.

1,693

49,960

Chatham

Lodging

Trust

REIT

4,042

34,438

Chemung

Financial

Corp.

411

19,736

Chicago

Atlantic

Real

Estate

Finance,

Inc.

REIT

1,064

16,503

Chimera

Investment

Corp.

REIT

6,671

105,602

ChoiceOne

Financial

Services,

Inc.

872

26,954

Cipher

Mining,

Inc.

*

5,858

22,670

Citizens

&

Northern

Corp.

1,525

30,027

Citizens

Financial

Services,

Inc.

450

26,438

City

Holding

Co.

948

111,286

City

Office

REIT,

Inc.

3,659

21,369

Civista

Bancshares,

Inc.

1,706

30,401

Claros

Mortgage

Trust,

Inc.

REIT

7,837

58,699

CNB

Financial

Corp.

1,941

46,700

CNO

Financial

Group,

Inc.

8,933

313,548

Coastal

Financial

Corp.

*

132

7,127

Colony

Bankcorp,

Inc.

1,734

26,912

Columbia

Financial,

Inc.

*

2,519

42,999

Community

Financial

System,

Inc.

3,643

211,549

Community

Healthcare

Trust,

Inc.

REIT

2,217

40,239

Community

Trust

Bancorp,

Inc.

1,391

69,077

Community

West

Bancshares

1,701

32,761

Compass

Diversified

Holdings

5,809

128,553

ConnectOne

Bancorp,

Inc.

3,238

81,112

Consumer

Portfolio

Services,

Inc.

*

1,277

11,978

COPT

Defense

Properties

REIT

9,556

289,833

Core

Scientific,

Inc.

*

3,227

38,272

CrossFirst

Bankshares,

Inc.

*

4,099

68,412

CTO

Realty

Growth,

Inc.

REIT

1,829

34,788

Cushman

&

Wakefield

PLC

*

9,197

125,355

Customers

Bancorp,

Inc.

*

2,492

115,753

CVB

Financial

Corp.

9,205

164,033

Diamond

Hill

Investment

Group,

Inc.

58

9,373

DiamondRock

Hospitality

Co.

REIT

17,710

154,608

Dime

Community

Bancshares,

Inc.

2,466

71,021

Diversified

Healthcare

Trust

REIT

18,384

77,029

Donegal

Group,

Inc.

Class A 

1,624

23,938

Douglas

Emmett,

Inc.

REIT

9,298

163,366

Dynex

Capital,

Inc.

REIT

6,626

84,548

Eagle

Bancorp,

Inc.

1,865

42,112

Easterly

Government

Properties,

Inc.

REIT

8,485

115,226

Eastern

Bankshares,

Inc.

16,404

268,862

Ellington

Financial,

Inc.

REIT

7,196

92,756

Elme

Communities

REIT

7,408

130,307

Empire

State

Realty

Trust,

Inc.

Class A REIT

11,497

127,387

Employers

Holdings,

Inc.

1,656

79,438

Enact

Holdings,

Inc.

2,588

94,022

Encore

Capital

Group,

Inc.

*

2,020

95,485

Enova

International,

Inc.

*

2,164

181,322

Enstar

Group

Ltd.

*

1,072

344,744

Enterprise

Bancorp,

Inc.

1,000

31,960

Enterprise

Financial

Services

Corp.

3,189

163,468

Equity

Bancshares,

Inc.

Class A 

1,327

54,248

Equity

Commonwealth

REIT

*

8,573

170,603

Esquire

Financial

Holdings,

Inc.

192

12,520

ESSA

Bancorp,

Inc.

922

17,721

Essent

Group

Ltd.

8,779

564,402

Essential

Properties

Realty

Trust,

Inc.

REIT

14,767

504,293

F&G

Annuities

&

Life,

Inc.

1,084

48,476

Farmers

&

Merchants

Bancorp,

Inc.

1,250

34,563

Farmers

National

Banc

Corp.

3,389

51,242

301

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Farmland

Partners,

Inc.

REIT

3,753

$

39,219

FB

Financial

Corp.

2,990

140,321

Federal

Agricultural

Mortgage

Corp.

Class C 

113

21,177

Fidelis

Insurance

Holdings

Ltd.

(United

Kingdom) 

4,650

83,979

Fidelity

D&D

Bancorp,

Inc.

511

25,213

Financial

Institutions,

Inc.

1,188

30,258

First

BanCorp

9,924

210,091

First

Bancorp,

Inc.

1,093

28,768

First

Bancorp/Southern

Pines

NC

2,783

115,745

First

Bancshares,

Inc.

2,702

86,815

First

Bank

2,111

32,087

First

Busey

Corp.

5,207

135,486

First

Business

Financial

Services,

Inc.

746

34,010

First

Commonwealth

Financial

Corp.

7,091

121,611

First

Community

Bankshares,

Inc.

1,537

66,322

First

Financial

Bancorp

6,620

167,023

First

Financial

Corp.

1,076

47,183

First

Financial

Northwest,

Inc.

826

18,602

First

Foundation,

Inc.

4,559

28,448

First

Internet

Bancorp

612

20,967

First

Interstate

BancSystem,

Inc.

Class A 

6,788

208,256

First

Merchants

Corp.

5,406

201,103

First

Mid

Bancshares,

Inc.

2,043

79,493

First

of

Long

Island

Corp.

2,208

28,417

First

Western

Financial,

Inc.

*

760

15,200

Five

Star

Bancorp

1,572

46,736

Flushing

Financial

Corp.

2,319

33,811

Forge

Global

Holdings,

Inc.

*

10,829

14,186

Four

Corners

Property

Trust,

Inc.

REIT

8,272

242,452

Franklin

BSP

Realty

Trust,

Inc.

REIT

7,201

94,045

Franklin

Street

Properties

Corp.

REIT

8,875

15,709

FRP

Holdings,

Inc.

*

981

29,293

FS

Bancorp,

Inc.

678

30,164

FTAI

Infrastructure,

Inc.

9,031

84,530

Fulton

Financial

Corp.

12,143

220,153

FVCBankcorp,

Inc.

*

1,863

24,312

GCM

Grosvenor,

Inc.

Class A 

952

10,777

Genworth

Financial,

Inc.

*

29,469

201,863

German

American

Bancorp,

Inc.

2,513

97,379

Getty

Realty

Corp.

REIT

4,079

129,753

Glacier

Bancorp,

Inc.

9,697

443,153

Gladstone

Commercial

Corp.

REIT

3,064

49,759

Gladstone

Land

Corp.

REIT

2,422

33,666

Global

Medical

REIT,

Inc.

5,602

55,516

Global

Net

Lease,

Inc.

REIT

17,186

144,706

GoHealth,

Inc.

Class A *

627

5,881

Granite

Point

Mortgage

Trust,

Inc.

REIT

4,519

14,325

Great

Southern

Bancorp,

Inc.

811

46,478

Greenlight

Capital

Re

Ltd.

Class A *

2,590

35,353

Guaranty

Bancshares,

Inc.

845

29,051

HA

Sustainable

Infrastructure

Capital,

Inc.

9,471

326,465

Hamilton

Insurance

Group

Ltd.

Class B *

(Bermuda) 

3,599

69,605

Hancock

Whitney

Corp.

7,304

373,746

Hanmi

Financial

Corp.

1,913

35,582

HarborOne

Bancorp,

Inc.

3,618

46,962

HBT

Financial,

Inc.

1,309

28,641

Heartland

Financial

USA,

Inc.

3,629

205,764

Heritage

Commerce

Corp.

5,510

54,439

Heritage

Financial

Corp.

2,402

52,292

Heritage

Insurance

Holdings,

Inc.

*

2,082

25,484

Hilltop

Holdings,

Inc.

4,048

130,184

Hingham

Institution

For

Savings

144

35,037

a

Shares

Value

Hippo

Holdings,

Inc.

*

1,918

$

32,376

Home

Bancorp,

Inc.

711

31,696

Home

BancShares,

Inc.

16,422

444,872

HomeStreet,

Inc.

1,893

29,834

HomeTrust

Bancshares,

Inc.

1,381

47,064

Hope

Bancorp,

Inc.

8,128

102,088

Horace

Mann

Educators

Corp.

2,830

98,909

Horizon

Bancorp,

Inc.

3,648

56,726

Hudson

Pacific

Properties,

Inc.

REIT

11,512

55,027

Hut

8

Corp.

*

(Canada) 

6,845

83,920

Independence

Realty

Trust,

Inc.

REIT

19,089

391,324

Independent

Bank

Corp.

(IBCP

US)

1,678

55,962

Independent

Bank

Corp.

(INDB

US)

2,971

175,675

Independent

Bank

Group,

Inc.

3,051

175,921

Industrial

Logistics

Properties

Trust

REIT

4,792

22,810

Innovative

Industrial

Properties,

Inc.

REIT

2,389

321,559

International

Bancshares

Corp.

4,599

274,974

InvenTrust

Properties

Corp.

REIT

5,759

163,383

Invesco

Mortgage

Capital,

Inc.

REIT

4,339

40,743

Investar

Holding

Corp.

1,110

21,534

Investors

Title

Co.

116

26,657

Jackson

Financial,

Inc.

Class A 

4,979

454,234

James

River

Group

Holdings

Ltd.

3,423

21,462

JBG

SMITH

Properties

REIT

5,789

101,192

John

Marshall

Bancorp,

Inc.

1,330

26,307

Kearny

Financial

Corp.

5,253

36,088

Kennedy-Wilson

Holdings,

Inc.

9,641

106,533

Kite

Realty

Group

Trust

REIT

18,294

485,889

KKR

Real

Estate

Finance

Trust,

Inc.

REIT

3,170

39,149

Ladder

Capital

Corp.

REIT

9,911

114,968

Lakeland

Financial

Corp.

1,638

106,667

LCNB

Corp.

1,311

19,757

Legacy

Housing

Corp.

*

777

21,251

Lemonade,

Inc.

*

900

14,841

LendingClub

Corp.

*

9,437

107,865

LendingTree,

Inc.

*

152

8,821

LINKBANCORP,

Inc.

2,700

17,307

Live

Oak

Bancshares,

Inc.

550

26,054

LTC

Properties,

Inc.

REIT

3,725

136,670

LXP

Industrial

Trust

REIT

26,294

264,255

Macerich

Co.

REIT

18,379

335,233

Maiden

Holdings

Ltd.

*

10,049

17,787

MARA

Holdings,

Inc.

*

4,260

69,097

Marcus

&

Millichap,

Inc.

2,018

79,973

Maui

Land

&

Pineapple

Co.,

Inc.

*

125

2,806

MBIA,

Inc.

*

5,017

17,911

Medallion

Financial

Corp.

1,926

15,678

Mercantile

Bank

Corp.

1,436

62,782

Merchants

Bancorp

1,599

71,891

Mercury

General

Corp.

2,046

128,857

Metrocity

Bankshares,

Inc.

1,592

48,747

Metropolitan

Bank

Holding

Corp.

*

1,020

53,632

MFA

Financial,

Inc.

REIT

8,754

111,351

Mid

Penn

Bancorp,

Inc.

1,430

42,657

Middlefield

Banc

Corp.

842

24,250

Midland

States

Bancorp,

Inc.

1,769

39,590

MidWestOne

Financial

Group,

Inc.

1,400

39,942

Mr.

Cooper

Group,

Inc.

*

3,429

316,085

MVB

Financial

Corp.

1,287

24,916

National

Bank

Holdings

Corp.

Class A 

2,562

107,860

National

Bankshares,

Inc.

727

21,737

National

Health

Investors,

Inc.

REIT

3,551

298,497

Navient

Corp.

6,924

107,945

NB

Bancorp,

Inc.

*

3,541

65,721

302

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

NBT

Bancorp,

Inc.

3,227

$

142,730

Nelnet,

Inc.

Class A 

1,233

139,674

NET

Lease

Office

Properties

REIT

1,381

42,286

NETSTREIT

Corp.

REIT

5,050

83,476

New

York

Community

Bancorp,

Inc.

22,713

255,067

New

York

Mortgage

Trust,

Inc.

REIT

7,224

45,728

Newmark

Group,

Inc.

Class A 

11,525

178,983

NewtekOne,

Inc.

2,166

26,988

NexPoint

Diversified

Real

Estate

Trust

REIT

2,720

17,000

Nexpoint

Real

Estate

Finance,

Inc.

REIT

597

9,331

NexPoint

Residential

Trust,

Inc.

REIT

1,910

84,059

NI

Holdings,

Inc.

*

1,011

15,852

Nicolet

Bankshares,

Inc.

909

86,928

NMI

Holdings,

Inc.

*

6,579

270,989

Northeast

Bank

625

48,206

Northeast

Community

Bancorp,

Inc.

1,283

33,935

Northfield

Bancorp,

Inc.

3,696

42,874

Northrim

BanCorp,

Inc.

522

37,177

Northwest

Bancshares,

Inc.

8,933

119,524

Norwood

Financial

Corp.

770

21,237

Oak

Valley

Bancorp

764

20,299

OceanFirst

Financial

Corp.

4,842

90,013

Offerpad

Solutions,

Inc.

*

728

2,956

OFG

Bancorp

3,259

146,394

Old

National

Bancorp

27,299

509,399

Old

Second

Bancorp,

Inc.

3,961

61,752

One

Liberty

Properties,

Inc.

REIT

1,439

39,630

Onity

Group,

Inc.

*

670

21,400

Orange

County

Bancorp,

Inc.

532

32,090

Orchid

Island

Capital,

Inc.

REIT

6,021

49,493

Origin

Bancorp,

Inc.

2,613

84,034

Orion

Office

REIT,

Inc.

4,603

18,412

Orrstown

Financial

Services,

Inc.

1,684

60,557

Outfront

Media,

Inc.

REIT

7,671

140,993

P10,

Inc.

Class A 

364

3,898

Pacific

Premier

Bancorp,

Inc.

6,718

169,025

Pagseguro

Digital

Ltd.

Class A *

(Brazil) 

7,945

68,406

Paramount

Group,

Inc.

REIT

15,851

77,987

Park

National

Corp.

1,213

203,760

Parke

Bancorp,

Inc.

1,131

23,638

Pathward

Financial,

Inc.

1,287

84,955

PCB

Bancorp

1,201

22,567

Peakstone

Realty

Trust

REIT

3,182

43,371

Peapack-Gladstone

Financial

Corp.

1,681

46,076

Pebblebrook

Hotel

Trust

REIT

9,803

129,694

PennyMac

Financial

Services,

Inc.

1,049

119,555

PennyMac

Mortgage

Investment

Trust

REIT

7,624

108,718

Peoples

Bancorp

of

North

Carolina,

Inc.

491

12,466

Peoples

Bancorp,

Inc.

3,501

105,345

Peoples

Financial

Services

Corp.

680

31,878

Phillips

Edison

&

Co.,

Inc.

REIT

8,870

334,488

Piedmont

Office

Realty

Trust,

Inc.

Class A REIT

10,812

109,201

Pioneer

Bancorp,

Inc.

*

1,455

15,961

Plumas

Bancorp

658

26,833

Plymouth

Industrial

REIT,

Inc.

3,498

79,055

Ponce

Financial

Group,

Inc.

*

2,087

24,397

Postal

Realty

Trust,

Inc.

Class A REIT

835

12,224

PotlatchDeltic

Corp.

REIT

6,737

303,502

PRA

Group,

Inc.

*

3,338

74,638

Preferred

Bank

577

46,304

Premier

Financial

Corp.

3,168

74,385

Primis

Financial

Corp.

2,271

27,661

Princeton

Bancorp,

Inc.

628

23,223

a

Shares

Value

ProAssurance

Corp.

*

3,784

$

56,911

Provident

Bancorp,

Inc.

*

1,825

19,692

Provident

Financial

Services,

Inc.

8,344

154,865

QCR

Holdings,

Inc.

1,438

106,455

Radian

Group,

Inc.

9,650

334,758

RBB

Bancorp

1,621

37,315

RE/MAX

Holdings,

Inc.

Class A *

1,558

19,397

Ready

Capital

Corp.

REIT

13,938

106,347

Red

River

Bancshares,

Inc.

487

25,324

Redwood

Trust,

Inc.

REIT

11,696

90,410

Regional

Management

Corp.

719

23,518

Renasant

Corp.

4,767

154,928

Republic

Bancorp,

Inc.

Class A 

774

50,542

Retail

Opportunity

Investments

Corp.

REIT

10,602

166,769

Riot

Platforms,

Inc.

*

20,962

155,538

RLJ

Lodging

Trust

REIT

13,038

119,689

RMR

Group,

Inc.

Class A 

1,257

31,903

Roadzen,

Inc.

*

3,658

4,353

S&T

Bancorp,

Inc.

2,671

112,102

Sabra

Health

Care

REIT,

Inc.

19,568

364,160

Safehold,

Inc.

REIT

4,484

117,615

Safety

Insurance

Group,

Inc.

1,289

105,414

Sandy

Spring

Bancorp,

Inc.

3,895

122,186

Seacoast

Banking

Corp.

of

Florida

5,922

157,821

Selective

Insurance

Group,

Inc.

815

76,039

Selectquote,

Inc.

*

13,802

29,950

Service

Properties

Trust

REIT

13,886

63,320

ServisFirst

Bancshares,

Inc.

3,062

246,338

Seven

Hills

Realty

Trust

REIT

1,295

17,832

Shore

Bancshares,

Inc.

2,580

36,094

Sierra

Bancorp

1,233

35,609

Silvercrest

Asset

Management

Group,

Inc.

Class A 

1,081

18,636

Simmons

First

National

Corp.

Class A 

8,702

187,441

SiriusPoint

Ltd.

*

(Sweden) 

7,889

113,128

SITE

Centers

Corp.

REIT

4,286

259,303

Skyward

Specialty

Insurance

Group,

Inc.

*

2,490

101,418

SL

Green

Realty

Corp.

REIT

5,526

384,665

SmartFinancial,

Inc.

1,511

44,031

South

Plains

Financial,

Inc.

1,145

38,838

Southern

First

Bancshares,

Inc.

*

841

28,661

Southern

Missouri

Bancorp,

Inc.

890

50,276

Southern

States

Bancshares,

Inc.

822

25,260

Southside

Bancshares,

Inc.

2,417

80,800

SouthState

Corp.

6,515

633,128

Star

Holdings

*

689

9,536

Stellar

Bancorp,

Inc.

4,135

107,055

Sterling

Bancorp,

Inc.

*

2,583

11,753

Stewart

Information

Services

Corp.

1,849

138,194

Stock

Yards

Bancorp,

Inc.

2,223

137,804

StoneX

Group,

Inc.

*

2,124

173,913

Stratus

Properties,

Inc.

*

461

11,981

Summit

Hotel

Properties,

Inc.

REIT

8,834

60,601

Sunrise

Realty

Trust,

Inc.

REIT

612

8,807

Sunstone

Hotel

Investors,

Inc.

REIT

17,328

178,825

SWK

Holdings

Corp.

*

596

10,305

Tanger,

Inc.

REIT

5,449

180,798

Terawulf,

Inc.

*

1,939

9,075

Terreno

Realty

Corp.

REIT

8,006

535,041

Texas

Capital

Bancshares,

Inc.

*

3,939

281,481

Third

Coast

Bancshares,

Inc.

*

1,221

32,686

Timberland

Bancorp,

Inc.

744

22,513

Tiptree,

Inc.

1,759

34,424

Tompkins

Financial

Corp.

1,071

61,893

303

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Towne

Bank

6,157

$

203,550

TPG

RE

Finance

Trust,

Inc.

REIT

5,042

43,008

Transcontinental

Realty

Investors,

Inc.

REIT

*

107

3,081

TriCo

Bancshares

2,793

119,121

Triumph

Financial,

Inc.

*

184

14,635

TrustCo

Bank

Corp.

1,157

38,262

Trustmark

Corp.

4,251

135,267

Two

Harbors

Investment

Corp.

REIT

8,777

121,825

UMB

Financial

Corp.

3,891

408,983

UMH

Properties,

Inc.

REIT

4,571

89,912

United

Bankshares,

Inc.

11,129

412,886

United

Community

Banks,

Inc.

8,246

239,794

United

Fire

Group,

Inc.

1,601

33,509

Uniti

Group,

Inc.

REIT

20,373

114,904

Unity

Bancorp,

Inc.

764

26,022

Universal

Health

Realty

Income

Trust

REIT

98

4,484

Universal

Insurance

Holdings,

Inc.

1,840

40,774

Univest

Financial

Corp.

2,690

75,697

Urban

Edge

Properties

REIT

10,404

222,542

USCB

Financial

Holdings,

Inc.

988

15,067

Valley

National

Bancorp

36,731

332,783

Velocity

Financial,

Inc.

*

934

18,316

Veris

Residential,

Inc.

REIT

6,319

112,857

Veritex

Holdings,

Inc.

3,682

96,910

Virginia

National

Bankshares

Corp.

549

22,866

Virtus

Investment

Partners,

Inc.

122

25,553

WaFd,

Inc.

5,720

199,342

Walker

&

Dunlop,

Inc.

784

89,055

Washington

Trust

Bancorp,

Inc.

1,579

50,860

Waterstone

Financial,

Inc.

1,626

23,902

WesBanco,

Inc.

4,846

144,314

West

BanCorp,

Inc.

1,630

30,986

Westamerica

BanCorp

1,800

88,956

Whitestone

REIT

4,439

60,060

World

Acceptance

Corp.

*

68

8,023

WSFS

Financial

Corp.

4,079

207,988

Xenia

Hotels

&

Resorts,

Inc.

REIT

8,582

126,756

42,712,263

Industrial

-

11.1%

spacing

908

Devices,

Inc.

*

1,572

5,455

AAR

Corp.

*

2,344

153,204

AerSale

Corp.

*

2,758

13,928

Air

Transport

Services

Group,

Inc.

*

4,510

73,017

Albany

International

Corp.

Class A 

1,937

172,102

Allient,

Inc.

892

16,939

American

Woodmark

Corp.

*

1,232

115,130

AMMO,

Inc.

*

6,968

9,964

Apogee

Enterprises,

Inc.

1,290

90,319

Applied

Optoelectronics,

Inc.

*

3,175

45,434

Archer

Aviation,

Inc.

Class A *

2,057

6,233

Arcosa,

Inc.

4,068

385,484

Ardmore

Shipping

Corp.

(Ireland) 

3,689

66,771

Arq,

Inc.

*

2,136

12,538

Aspen

Aerogels,

Inc.

*

3,871

107,188

Astec

Industries,

Inc.

1,910

61,005

Astronics

Corp.

*

2,447

47,668

AZZ,

Inc.

363

29,987

Barnes

Group,

Inc.

3,923

158,528

Bel

Fuse,

Inc.

Class A 

206

20,483

Bel

Fuse,

Inc.

Class B 

856

67,205

Belden,

Inc.

1,577

184,714

Benchmark

Electronics,

Inc.

3,071

136,107

a

Shares

Value

Bloom

Energy

Corp.

Class A *

1,465

$

15,470

Boise

Cascade

Co.

1,835

258,698

Bridger

Aerospace

Group

Holdings,

Inc.

*

638

1,416

Caesarstone

Ltd.

*

1,360

6,202

ChargePoint

Holdings,

Inc.

*

14,555

19,940

Clearwater

Paper

Corp.

*

1,367

39,014

Columbus

McKinnon

Corp.

2,525

90,900

Concrete

Pumping

Holdings,

Inc.

*

1,395

8,077

Core

Molding

Technologies,

Inc.

*

643

11,066

Costamare,

Inc.

(Monaco) 

3,729

58,620

Covenant

Logistics

Group,

Inc.

548

28,956

CryoPort,

Inc.

*

850

6,893

CTS

Corp.

446

21,577

DHT

Holdings,

Inc.

11,182

123,337

Dorian

LPG

Ltd.

1,421

48,911

Ducommun,

Inc.

*

1,171

77,087

DXP

Enterprises,

Inc.

*

956

51,012

Eastern

Co.

450

14,602

Eastman

Kodak

Co.

*

5,288

24,959

EnerSys

222

22,655

Enpro,

Inc.

1,698

275,382

Enviri

Corp.

*

7,086

73,269

ESCO

Technologies,

Inc.

1,050

135,429

FARO

Technologies,

Inc.

*

1,447

27,696

FLEX

LNG

Ltd.

(Norway) 

873

22,209

Fluor

Corp.

*

1,301

62,071

Forward

Air

Corp.

2,097

74,234

GATX

Corp.

3,004

397,880

Genco

Shipping

&

Trading

Ltd.

3,828

74,646

Gencor

Industries,

Inc.

*

724

15,103

Gibraltar

Industries,

Inc.

*

1,279

89,440

Golden

Ocean

Group

Ltd.

(Norway) 

10,416

139,366

GoPro,

Inc.

Class A *

9,234

12,558

Granite

Construction,

Inc.

692

54,862

Great

Lakes

Dredge

&

Dock

Corp.

*

5,373

56,578

Greenbrier

Cos.,

Inc.

2,605

132,568

Greif,

Inc.

Class A 

2,165

135,659

Greif,

Inc.

Class B 

483

33,728

Heartland

Express,

Inc.

2,284

28,048

Helios

Technologies,

Inc.

847

40,402

Hillenbrand,

Inc.

4,029

112,006

Hillman

Solutions

Corp.

*

13,051

137,819

Hub

Group,

Inc.

Class A 

5,553

252,384

Hyster-Yale,

Inc.

388

24,743

Ichor

Holdings

Ltd.

*

1,863

59,262

Insteel

Industries,

Inc.

762

23,691

International

Seaways,

Inc.

3,359

173,190

Intuitive

Machines,

Inc.

*

2,494

20,077

Itron,

Inc.

*

361

38,558

JELD-WEN

Holding,

Inc.

*

4,849

76,663

John

Bean

Technologies

Corp.

2,522

248,442

Kennametal,

Inc.

6,814

176,687

Kimball

Electronics,

Inc.

*

1,995

36,927

Knowles

Corp.

*

7,479

134,846

Kratos

Defense

&

Security

Solutions,

Inc.

*

7,062

164,545

L.B.

Foster

Co.

Class A *

645

13,177

Latham

Group,

Inc.

*

3,392

23,066

Lindsay

Corp.

414

51,601

LSB

Industries,

Inc.

*

3,983

32,023

LSI

Industries,

Inc.

534

8,624

Luxfer

Holdings

PLC

(United

Kingdom) 

2,134

27,635

Manitowoc

Co.,

Inc.

*

2,484

23,896

Marten

Transport

Ltd.

3,760

66,552

Masterbrand,

Inc.

*

10,595

196,431

304

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Materion

Corp.

81

$

9,061

Matson,

Inc.

2,867

408,892

Mayville

Engineering

Co.,

Inc.

*

982

20,701

Mercury

Systems,

Inc.

*

4,628

171,236

Mesa

Laboratories,

Inc.

277

35,971

Metallus,

Inc.

*

3,566

52,884

MicroVision,

Inc.

*

6,793

7,744

Mirion

Technologies,

Inc.

*

14,301

158,312

Mistras

Group,

Inc.

*

1,332

15,145

Mueller

Industries,

Inc.

754

55,871

National

Presto

Industries,

Inc.

412

30,958

Net

Power,

Inc.

*

1,754

12,296

NEXTracker,

Inc.

Class A *

3,026

113,414

NL

Industries,

Inc.

986

7,326

nLight,

Inc.

*

3,577

38,238

NN,

Inc.

*

4,139

16,142

Nordic

American

Tankers

Ltd.

16,323

59,905

Northwest

Pipe

Co.

*

585

26,401

NV5

Global,

Inc.

*

933

87,217

O-I

Glass,

Inc.

*

13,073

171,518

Olympic

Steel,

Inc.

849

33,111

Orion

Group

Holdings,

Inc.

*

2,260

13,040

OSI

Systems,

Inc.

*

58

8,806

Pactiv

Evergreen,

Inc.

3,138

36,118

PAM

Transportation

Services,

Inc.

*

369

6,826

Pangaea

Logistics

Solutions

Ltd.

2,833

20,483

Park

Aerospace

Corp.

654

8,522

Park-Ohio

Holdings

Corp.

718

22,043

Plexus

Corp.

*

1,612

220,377

Primoris

Services

Corp.

410

23,813

Proficient

Auto

Logistics,

Inc.

*

647

9,174

Proto

Labs,

Inc.

*

2,121

62,294

Pure

Cycle

Corp.

*

1,443

15,541

PureCycle

Technologies,

Inc.

*

8,578

81,491

Radiant

Logistics,

Inc.

*

2,481

15,953

Ranpak

Holdings

Corp.

*

3,718

24,279

Redwire

Corp.

*

1,699

11,672

Ryerson

Holding

Corp.

2,511

49,994

Safe

Bulkers,

Inc.

(Monaco) 

6,179

32,007

Sanmina

Corp.

*

4,555

311,790

Scorpio

Tankers,

Inc.

(Monaco) 

3,958

282,205

SFL

Corp.

Ltd.

(Norway) 

7,712

89,228

SmartRent,

Inc.

*

16,040

27,749

Smith

&

Wesson

Brands,

Inc.

3,800

49,324

Southland

Holdings,

Inc.

*

798

2,953

Standard

BioTools,

Inc.

*

19,495

37,625

Standex

International

Corp.

215

39,298

Stoneridge,

Inc.

*

2,121

23,734

Sturm

Ruger

&

Co.,

Inc.

892

37,179

Summit

Materials,

Inc.

Class A *

10,228

399,199

Teekay

Corp.

*

(Bermuda) 

4,748

43,682

Teekay

Tankers

Ltd.

Class A (Canada) 

2,023

117,840

Tennant

Co.

880

84,515

Terex

Corp.

5,630

297,883

Thermon

Group

Holdings,

Inc.

*

2,458

73,347

Tredegar

Corp.

*

1,742

12,699

TriMas

Corp.

3,571

91,168

Trinity

Industries,

Inc.

568

19,789

Triumph

Group,

Inc.

*

6,148

79,248

TTM

Technologies,

Inc.

*

8,450

154,212

Turtle

Beach

Corp.

*

528

8,100

Tutor

Perini

Corp.

*

3,752

101,904

Twin

Disc,

Inc.

723

9,030

UFP

Industries,

Inc.

2,236

293,386

a

Shares

Value

Ultralife

Corp.

*

592

$

5,352

Universal

Logistics

Holdings,

Inc.

396

17,072

Vicor

Corp.

*

743

31,280

Virgin

Galactic

Holdings,

Inc.

*

1,707

10,413

Vishay

Intertechnology,

Inc.

10,818

204,568

Werner

Enterprises,

Inc.

4,627

178,556

Willis

Lease

Finance

Corp.

228

33,929

World

Kinect

Corp.

4,443

137,333

Worthington

Enterprises,

Inc.

334

13,844

Worthington

Steel,

Inc.

2,765

94,038

Zurn

Elkay

Water

Solutions

Corp.

552

19,839

12,540,855

Technology

-

2.8%

spacing

3D

Systems

Corp.

*

10,829

30,754

ACM

Research,

Inc.

Class A *

1,332

27,040

Adeia,

Inc.

1,553

18,496

Alpha

&

Omega

Semiconductor

Ltd.

*

2,066

76,690

Ambarella,

Inc.

*

1,444

81,449

American

Software,

Inc.

Class A 

2,634

29,474

ASGN,

Inc.

*

2,980

277,825

Asure

Software,

Inc.

*

2,059

18,634

Bandwidth,

Inc.

Class A *

224

3,922

Cerence,

Inc.

*

3,527

11,110

CEVA,

Inc.

*

215

5,192

Cohu,

Inc.

*

3,992

102,594

CommVault

Systems,

Inc.

*

267

41,078

Conduent,

Inc.

*

14,051

56,626

Consensus

Cloud

Solutions,

Inc.

*

1,547

36,432

Corsair

Gaming,

Inc.

*

3,270

22,759

Cricut,

Inc.

Class A 

817

5,662

CS

Disco,

Inc.

*

895

5,263

D-Wave

Quantum,

Inc.

*

(Canada) 

3,050

2,998

Daily

Journal

Corp.

*

34

16,663

Definitive

Healthcare

Corp.

*

4,607

20,593

Diebold

Nixdorf,

Inc.

*

2,224

99,324

Digi

International,

Inc.

*

2,982

82,095

Digimarc

Corp.

*

112

3,011

Digital

Turbine,

Inc.

*

8,333

25,582

Diodes,

Inc.

*

3,362

215,471

Donnelley

Financial

Solutions,

Inc.

*

824

54,244

E2open

Parent

Holdings,

Inc.

*

17,645

77,814

EverCommerce,

Inc.

*

666

6,900

Fastly,

Inc.

Class A *

2,011

15,223

Grid

Dynamics

Holdings,

Inc.

*

1,278

17,892

Health

Catalyst,

Inc.

*

4,622

37,623

I3

Verticals,

Inc.

Class A *

1,949

41,533

IBEX

Holdings

Ltd.

*

799

15,964

Immersion

Corp.

2,629

23,451

Instructure

Holdings,

Inc.

*

825

19,429

Integral

Ad

Science

Holding

Corp.

*

5,448

58,893

Life360,

Inc.

*

200

7,870

MaxLinear,

Inc.

*

304

4,402

Meridianlink,

Inc.

*

943

19,398

Navitas

Semiconductor

Corp.

*

7,422

18,184

NCR

Voyix

Corp.

*

891

12,091

NetScout

Systems,

Inc.

*

5,934

129,065

Olo,

Inc.

Class A *

4,675

23,188

ON24,

Inc.

*

2,164

13,244

OneSpan,

Inc.

*

431

7,185

Ouster,

Inc.

*

3,071

19,347

Outbrain,

Inc.

*

2,108

10,245

Pagaya

Technologies

Ltd.

Class A *

3,916

41,392

PAR

Technology

Corp.

*

138

7,187

305

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Photronics,

Inc.

*

3,370

$

83,441

Pitney

Bowes,

Inc.

4,872

34,737

Planet

Labs

PBC

*

18,051

40,254

Playstudios,

Inc.

*

7,963

12,024

PowerSchool

Holdings,

Inc.

Class A *

637

14,530

Rackspace

Technology,

Inc.

*

6,180

15,141

Richardson

Electronics

Ltd.

1,071

13,216

Rigetti

Computing,

Inc.

*

9,754

7,638

Rimini

Street,

Inc.

*

4,921

9,104

SMART

Global

Holdings,

Inc.

*

4,399

92,159

SolarWinds

Corp.

4,975

64,924

Synaptics,

Inc.

*

3,085

239,334

Telos

Corp.

*

5,588

20,061

Thoughtworks

Holding,

Inc.

*

8,728

38,578

TTEC

Holdings,

Inc.

2,136

12,538

Unisys

Corp.

*

5,259

29,871

V2X,

Inc.

*

1,015

56,698

Veeco

Instruments,

Inc.

*

703

23,290

Verint

Systems,

Inc.

*

5,276

133,641

Vimeo,

Inc.

*

12,464

62,943

Vishay

Precision

Group,

Inc.

*

839

21,730

Waystar

Holding

Corp.

*

1,257

35,058

Xerox

Holdings

Corp.

9,989

103,686

3,163,097

Utilities

-

5.1%

spacing

ALLETE,

Inc.

4,924

316,072

Altus

Power,

Inc.

*

5,162

16,415

Ameresco,

Inc.

Class A *

1,742

66,091

American

States

Water

Co.

1,326

110,443

Avista

Corp.

6,590

255,362

Black

Hills

Corp.

5,804

354,740

Brookfield

Infrastructure

Corp.

Class A (Canada) 

10,065

437,123

California

Water

Service

Group

3,515

190,583

Chesapeake

Utilities

Corp.

1,904

236,420

Consolidated

Water

Co.

Ltd.

(Cayman) 

749

18,882

Genie

Energy

Ltd.

Class B 

482

7,833

Hawaiian

Electric

Industries,

Inc.

13,974

135,268

MGE

Energy,

Inc.

1,709

156,288

Middlesex

Water

Co.

1,205

78,614

New

Jersey

Resources

Corp.

8,153

384,822

Northwest

Natural

Holding

Co.

3,295

134,502

Northwestern

Energy

Group,

Inc.

5,212

298,231

ONE

Gas,

Inc.

4,730

352,007

Ormat

Technologies,

Inc.

4,544

349,615

Otter

Tail

Corp.

1,930

150,849

Portland

General

Electric

Co.

8,579

410,934

RGC

Resources,

Inc.

481

10,856

SJW

Group

2,650

153,991

Southwest

Gas

Holdings,

Inc.

5,135

378,758

Spire,

Inc.

4,815

324,001

TXNM

Energy,

Inc.

7,402

323,986

Unitil

Corp.

1,252

75,846

York

Water

Co.

899

33,677

5,762,209

Total

Common

Stocks

    (Cost

$105,203,682)

110,285,067

a

Shares

Value

EXCHANGE-TRADED

FUNDS

-

1.4%

iShares

Russell

2000

Value

9,863

$

1,645,346

a

Total

Exchange-Traded

Funds

    (Cost

$1,540,045)

1,645,346

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.5%

Repurchase

Agreements

-

0.5%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$555,782;

collateralized

by

U.S.

Treasury

Obligations:

3.750%

due

12/31/28

and

value

$566,954)

$

555,714

555,714

a

Total

Short-Term

Investments

(Cost

$555,714)

555,714

TOTAL

INVESTMENTS

-

99.8%

(Cost

$107,301,536)

112,490,320

DERIVATIVES

-

0.0%

563

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.2%

168,787

NET

ASSETS

-

100.0%

$

112,659,670

306

PACIFIC

SELECT

FUND

PD

SMALL-CAP

VALUE

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$3,112

or less

than

0.1%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

(b)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

(c)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

CME

Micro

E-Mini

Russell

2000

Index

12/24

70

$

786,657

$

787,220

$

563

a

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Rights

$

3,690

$

–

$

578

$

3,112

Warrants

503

–

503

–

Common

Stocks

Basic

Materials

4,059,916

4,059,916

–

–

Communications

4,472,763

4,472,763

–

–

Consumer,

Cyclical

13,493,911

13,493,911

–

–

Consumer,

Non-Cyclical

16,146,555

16,140,634

5,921

–

Energy

7,933,498

7,933,498

–

–

Financial

42,712,263

42,712,263

–

–

Industrial

12,540,855

12,540,855

–

–

Technology

3,163,097

3,163,097

–

–

Utilities

5,762,209

5,762,209

–

–

Total

Common

Stocks

110,285,067

110,279,146

5,921

–

Exchange-Traded

Funds

1,645,346

1,645,346

–

–

Short-Term

Investments

555,714

–

555,714

–

Derivatives:

Equity

Contracts

Futures

563

563

–

–

Total

$

112,490,883

$

111,925,055

$

562,716

$

3,112

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

307

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

PREFERRED

STOCKS

-

1.8%

Brazil

-

1.2%

spacing

Banco

Bradesco

SA

71,890

$

193,987

Centrais

Eletricas

Brasileiras

SA

Class B 

3,900

31,292

Cia

Energetica

de

Minas

Gerais

24,458

51,181

Cia

Paranaense

de

Energia

-

Copel

Class B 

14,700

27,497

Gerdau

SA

18,822

65,991

Itau

Unibanco

Holding

SA

65,600

434,829

Itausa

SA

73,430

149,213

Petroleo

Brasileiro

SA

60,500

399,913

1,353,903

Chile

-

0.1%

spacing

Sociedad

Quimica

y

Minera

de

Chile

SA

Class B 

1,931

80,110

Colombia

-

0.0%

spacing

Bancolombia

SA

5,870

46,306

Russia

-

0.0%

spacing

Surgutneftegas

PJSC

* ± Ω

44,600

–

South

Korea

-

0.5%

spacing

Hyundai

Motor

Co.

789

104,971

LG

Chem

Ltd.

104

19,319

Samsung

Electronics

Co.

Ltd.

11,066

429,769

554,059

Total

Preferred

Stocks

    (Cost

$1,984,141)

2,034,378

COMMON

STOCKS

-

98.3%

Brazil

-

3.6%

spacing

Ambev

SA

64,000

153,665

Atacadao

SA

*

8,800

14,942

B3

SA

-

Brasil

Bolsa

Balcao

75,100

147,644

Banco

Bradesco

SA

21,700

52,142

Banco

BTG

Pactual

SA

16,000

97,715

Banco

do

Brasil

SA

23,300

116,250

BB

Seguridade

Participacoes

SA

9,500

61,907

BRF

SA

*

8,000

34,730

Caixa

Seguridade

Participacoes

SA

8,300

22,168

CCR

SA

13,800

30,651

Centrais

Eletricas

Brasileiras

SA

15,700

113,405

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

SABESP

6,000

99,565

Cia

Siderurgica

Nacional

SA

8,900

21,059

Cosan

SA

16,700

40,097

CPFL

Energia

SA

3,100

19,308

Embraer

SA

*

9,500

83,653

Energisa

SA

3,300

27,132

Engie

Brasil

Energia

SA

2,800

21,818

Equatorial

Energia

SA

*

1,007

6,015

Equatorial

Energia

SA

15,764

94,045

Hapvida

Participacoes

e

Investimentos

SA

* ~

66,343

48,713

Hypera

SA

5,100

24,556

Inter

&

Co.,

Inc.

Class A 

3,275

21,811

Klabin

SA

11,060

42,411

Localiza

Rent

a

Car

SA

12,631

95,062

Natura

&

Co.

Holding

SA

12,200

31,465

a

Shares

Value

NU

Holdings

Ltd.

Class A *

40,183

$

548,498

Pagseguro

Digital

Ltd.

Class A *

2,692

23,178

Petroleo

Brasileiro

SA

50,600

364,752

PRIO

SA

10,900

86,697

Raia

Drogasil

SA

17,424

81,528

Rede

D'Or

Sao

Luiz

SA

~

10,840

61,545

Rumo

SA

17,500

64,247

Sendas

Distribuidora

SA

*

18,200

24,956

StoneCo

Ltd.

Class A *

3,404

38,329

Suzano

SA

10,600

105,928

Telefonica

Brasil

SA

5,600

57,381

TIM

SA

11,500

39,539

TOTVS

SA

7,600

39,844

Ultrapar

Participacoes

SA

9,800

38,155

Vale

SA

46,153

538,058

Vibra

Energia

SA

13,626

58,529

WEG

SA

22,700

226,637

XP,

Inc.

Class A 

5,029

90,220

4,009,950

Chile

-

0.3%

spacing

Banco

de

Chile

617,065

78,804

Banco

de

Credito

e

Inversiones

SA

1,187

36,942

Banco

Santander

Chile

894,484

46,551

Cencosud

SA

17,212

34,738

Empresas

CMPC

SA

15,044

26,164

Empresas

Copec

SA

5,340

35,747

Enel

Americas

SA

289,534

29,552

Enel

Chile

SA

373,804

20,575

Falabella

SA

*

11,851

43,914

Latam

Airlines

Group

SA

*

2,033,257

26,159

379,146

China

-

27.3%

spacing

360

Security

Technology,

Inc.

Class A 

5,900

7,361

37

Interactive

Entertainment

Network

Technology

Group

Co.

Ltd.

Class A 

1,600

4,031

AAC

Technologies

Holdings,

Inc.

9,500

38,731

Accelink

Technologies

Co.

Ltd.

Class A 

600

2,862

ACM

Research

Shanghai,

Inc.

Class A 

196

2,922

Advanced

Micro-Fabrication

Equipment,

Inc.

China

Class A 

390

9,067

AECC

Aero-Engine

Control

Co.

Ltd.

Class A 

900

2,798

AECC

Aviation

Power

Co.

Ltd.

Class A 

2,200

12,865

Agricultural

Bank

of

China

Ltd.

Class A 

69,000

46,986

Agricultural

Bank

of

China

Ltd.

Class H 

375,000

174,964

Aier

Eye

Hospital

Group

Co.

Ltd.

Class A 

7,836

17,547

Air

China

Ltd.

Class A *

9,800

10,902

Airtac

International

Group

2,232

63,927

Akeso,

Inc.

* ~

8,000

70,154

Alibaba

Group

Holding

Ltd.

206,020

2,737,754

Alibaba

Health

Information

Technology

Ltd.

*

76,000

51,108

Aluminum

Corp.

of

China

Ltd.

Class A 

9,600

11,975

Aluminum

Corp.

of

China

Ltd.

Class H 

54,000

42,373

Amlogic

Shanghai

Co.

Ltd.

Class A 

276

2,739

Angel

Yeast

Co.

Ltd.

Class A 

600

3,090

Anhui

Conch

Cement

Co.

Ltd.

Class A 

3,600

13,310

Anhui

Conch

Cement

Co.

Ltd.

Class H 

16,000

46,655

Anhui

Gujing

Distillery

Co.

Ltd.

Class A 

300

8,593

Anhui

Gujing

Distillery

Co.

Ltd.

Class B 

1,600

25,537

Anhui

Jianghuai

Automobile

Group

Corp.

Ltd.

Class A 

1,800

6,359

Anhui

Kouzi

Distillery

Co.

Ltd.

Class A 

400

2,705

Anhui

Yingjia

Distillery

Co.

Ltd.

Class A 

600

6,148

308

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Anjoy

Foods

Group

Co.

Ltd.

Class A 

200

$

2,791

Anker

Innovations

Technology

Co.

Ltd.

Class A 

490

5,838

ANTA

Sports

Products

Ltd.

17,200

203,611

Asymchem

Laboratories

Tianjin

Co.

Ltd.

Class A 

280

3,292

Autobio

Diagnostics

Co.

Ltd.

Class A 

400

2,728

Autohome,

Inc.

ADR

898

29,293

Avary

Holding

Shenzhen

Co.

Ltd.

Class A 

1,900

9,593

AviChina

Industry

&

Technology

Co.

Ltd.

Class H 

34,000

16,528

Avicopter

PLC

Class A 

700

4,130

BAIC

BluePark

New

Energy

Technology

Co.

Ltd.

Class A *

4,500

5,114

Baidu,

Inc.

Class A *

30,884

406,051

Bank

of

Beijing

Co.

Ltd.

Class A 

17,300

14,337

Bank

of

Changsha

Co.

Ltd.

Class A 

3,300

3,911

Bank

of

Chengdu

Co.

Ltd.

Class A 

3,100

6,919

Bank

of

China

Ltd.

Class A 

31,300

22,191

Bank

of

China

Ltd.

Class H 

1,072,000

500,624

Bank

of

Communications

Co.

Ltd.

Class A 

31,900

33,405

Bank

of

Communications

Co.

Ltd.

Class H 

119,000

90,514

Bank

of

Hangzhou

Co.

Ltd.

Class A 

5,100

10,169

Bank

of

Jiangsu

Co.

Ltd.

Class A 

14,980

17,820

Bank

of

Nanjing

Co.

Ltd.

Class A 

8,500

13,221

Bank

of

Ningbo

Co.

Ltd.

Class A 

5,510

19,954

Bank

of

Shanghai

Co.

Ltd.

Class A 

11,600

12,991

Bank

of

Suzhou

Co.

Ltd.

Class A 

3,000

3,443

Baoshan

Iron

&

Steel

Co.

Ltd.

Class A 

17,900

17,610

BeiGene

Ltd.

*

9,389

165,014

Beijing

Enlight

Media

Co.

Ltd.

Class A 

2,100

2,633

Beijing

Enterprises

Holdings

Ltd.

7,000

24,893

Beijing

Enterprises

Water

Group

Ltd.

56,000

17,382

Beijing

Kingsoft

Office

Software,

Inc.

Class A 

287

10,777

Beijing

New

Building

Materials

PLC

Class A 

1,500

7,002

Beijing

Oriental

Yuhong

Waterproof

Technology

Co.

Ltd.

Class A 

900

1,740

Beijing-Shanghai

High

Speed

Railway

Co.

Ltd.

Class A 

39,700

33,985

Beijing

Tiantan

Biological

Products

Corp.

Ltd.

Class A 

1,600

5,705

Beijing

Tong

Ren

Tang

Co.

Ltd.

1,200

7,149

Beijing

Wantai

Biological

Pharmacy

Enterprise

Co.

Ltd.

Class A 

892

10,356

Beijing

Yanjing

Brewery

Co.

Ltd.

Class A 

1,900

3,006

Bethel

Automotive

Safety

Systems

Co.

Ltd.

Class A 

420

2,900

Bilibili,

Inc.

Class Z *

3,142

72,267

Bloomage

Biotechnology

Corp.

Ltd.

Class A 

337

3,346

BOC

Aviation

Ltd.

~

2,800

23,160

BOC

International

China

Co.

Ltd.

Class A 

1,900

3,386

BOE

Technology

Group

Co.

Ltd.

Class A 

29,600

18,730

Bosideng

International

Holdings

Ltd.

52,000

29,579

By-health

Co.

Ltd.

Class A 

1,200

2,527

BYD

Co.

Ltd.

Class A 

1,600

69,040

BYD

Co.

Ltd.

Class H 

14,000

499,491

BYD

Electronic

International

Co.

Ltd.

10,500

43,428

C&D

International

Investment

Group

Ltd.

9,617

20,665

Caitong

Securities

Co.

Ltd.

Class A 

3,250

4,000

Cambricon

Technologies

Corp.

Ltd.

Class A *

260

10,686

Cathay

Biotech,

Inc.

Class A 

391

2,612

CGN

Power

Co.

Ltd.

Class A 

11,100

7,099

a

Shares

Value

CGN

Power

Co.

Ltd.

Class H ~

146,000

$

56,081

Changchun

High-Tech

Industry

Group

Co.

Ltd.

Class A 

300

4,674

Changjiang

Securities

Co.

Ltd.

Class A 

3,900

3,971

Changzhou

Xingyu

Automotive

Lighting

Systems

Co.

Ltd.

Class A 

175

3,663

Chaozhou

Three-Circle

Group

Co.

Ltd.

Class A 

1,600

8,429

Chifeng

Jilong

Gold

Mining

Co.

Ltd.

Class A 

1,200

3,420

China

CITIC

Bank

Corp.

Ltd.

Class H 

121,000

76,815

China

Coal

Energy

Co.

Ltd.

Class H 

28,000

34,676

China

Communications

Services

Corp.

Ltd.

Class H 

32,000

17,179

China

Construction

Bank

Corp.

Class A 

7,200

8,098

China

Construction

Bank

Corp.

Class H 

1,304,000

972,392

China

CSSC

Holdings

Ltd.

Class A 

3,700

21,938

China

Eastern

Airlines

Corp.

Ltd.

Class A *

14,700

8,614

China

Energy

Engineering

Corp.

Ltd.

Class A 

25,000

8,533

China

Everbright

Bank

Co.

Ltd.

Class A 

39,200

19,999

China

Everbright

Bank

Co.

Ltd.

Class H 

41,000

13,872

China

Feihe

Ltd.

~

50,000

37,531

China

Galaxy

Securities

Co.

Ltd.

Class A 

6,100

13,211

China

Galaxy

Securities

Co.

Ltd.

Class H 

47,000

43,442

China

Gas

Holdings

Ltd.

36,600

33,801

China

Great

Wall

Securities

Co.

Ltd.

Class A 

2,900

3,767

China

Greatwall

Technology

Group

Co.

Ltd.

Class A *

2,500

3,677

China

Hongqiao

Group

Ltd.

38,500

63,156

China

International

Capital

Corp.

Ltd.

Class A 

2,000

10,856

China

International

Capital

Corp.

Ltd.

Class H ~

20,400

35,882

China

Jushi

Co.

Ltd.

Class A 

3,301

5,486

China

Life

Insurance

Co.

Ltd.

Class A 

2,300

14,285

China

Life

Insurance

Co.

Ltd.

Class H 

101,000

198,919

China

Literature

Ltd.

* ~

5,600

22,969

China

Longyuan

Power

Group

Corp.

Ltd.

Class H 

42,000

37,639

China

Mengniu

Dairy

Co.

Ltd.

43,000

100,863

China

Merchants

Bank

Co.

Ltd.

Class A 

16,900

89,300

China

Merchants

Bank

Co.

Ltd.

Class H 

52,500

254,408

China

Merchants

Energy

Shipping

Co.

Ltd.

Class A 

6,800

7,745

China

Merchants

Expressway

Network

&

Technology

Holdings

Co.

Ltd.

Class A 

4,600

8,255

China

Merchants

Port

Holdings

Co.

Ltd.

16,797

26,615

China

Merchants

Securities

Co.

Ltd.

Class A 

6,000

16,458

China

Merchants

Shekou

Industrial

Zone

Holdings

Co.

Ltd.

Class A 

7,600

13,114

China

Minsheng

Banking

Corp.

Ltd.

Class A 

31,200

17,794

China

Minsheng

Banking

Corp.

Ltd.

Class H 

87,000

35,259

China

National

Building

Material

Co.

Ltd.

Class H 

62,000

26,912

China

National

Chemical

Engineering

Co.

Ltd.

Class A 

5,400

6,279

China

National

Medicines

Corp.

Ltd.

Class A 

500

2,452

China

National

Nuclear

Power

Co.

Ltd.

Class A 

15,300

24,213

China

National

Software

&

Service

Co.

Ltd.

Class A *

570

3,372

China

Northern

Rare

Earth

Group

High-

Tech

Co.

Ltd.

Class A 

2,800

8,182

China

Oilfield

Services

Ltd.

Class H 

24,000

22,017

China

Overseas

Land

&

Investment

Ltd.

52,000

104,169

309

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

China

Pacific

Insurance

Group

Co.

Ltd.

Class A 

5,400

$

29,681

China

Pacific

Insurance

Group

Co.

Ltd.

Class H 

36,000

127,479

China

Petroleum

&

Chemical

Corp.

Class A 

25,100

24,734

China

Petroleum

&

Chemical

Corp.

Class H 

332,000

204,145

China

Power

International

Development

Ltd.

58,108

27,586

China

Railway

Group

Ltd.

Class A 

15,800

14,680

China

Railway

Group

Ltd.

Class H 

58,000

30,046

China

Railway

Signal

&

Communication

Corp.

Ltd.

Class A 

6,225

5,558

China

Rare

Earth

Resources

&

Technology

Co.

Ltd.

Class A 

700

2,795

China

Resources

Beer

Holdings

Co.

Ltd.

22,000

94,199

China

Resources

Gas

Group

Ltd.

12,500

50,030

China

Resources

Land

Ltd.

43,500

156,483

China

Resources

Microelectronics

Ltd.

Class A 

1,166

7,777

China

Resources

Mixc

Lifestyle

Services

Ltd.

~

9,400

41,339

China

Resources

Pharmaceutical

Group

Ltd.

~

26,000

19,992

China

Resources

Power

Holdings

Co.

Ltd.

26,000

70,090

China

Resources

Sanjiu

Medical

&

Pharmaceutical

Co.

Ltd.

Class A 

1,080

7,286

China

Ruyi

Holdings

Ltd.

*

84,000

24,265

China

Shenhua

Energy

Co.

Ltd.

Class A 

5,100

31,430

China

Shenhua

Energy

Co.

Ltd.

Class H 

46,000

204,872

China

Southern

Airlines

Co.

Ltd.

Class A *

9,500

8,790

China

State

Construction

Engineering

Corp.

Ltd.

Class A 

33,400

29,139

China

State

Construction

International

Holdings

Ltd.

28,000

43,460

China

Taiping

Insurance

Holdings

Co.

Ltd.

19,400

30,856

China

Three

Gorges

Renewables

Group

Co.

Ltd.

Class A 

23,600

16,226

China

Tourism

Group

Duty

Free

Corp.

Ltd.

Class A 

1,544

16,720

China

Tower

Corp.

Ltd.

Class H ~

602,000

79,100

China

United

Network

Communications

Ltd.

Class A 

26,600

20,196

China

Vanke

Co.

Ltd.

Class A *

8,100

11,039

China

Vanke

Co.

Ltd.

Class H *

29,500

27,776

China

XD

Electric

Co.

Ltd.

Class A 

4,600

5,692

China

Yangtze

Power

Co.

Ltd.

Class A 

19,800

84,803

China

Zheshang

Bank

Co.

Ltd.

Class A 

17,680

7,379

Chongqing

Brewery

Co.

Ltd.

Class A 

400

3,942

Chongqing

Changan

Automobile

Co.

Ltd.

Class A 

6,896

14,450

Chongqing

Rural

Commercial

Bank

Co.

Ltd.

Class A 

7,300

5,627

Chongqing

Zhifei

Biological

Products

Co.

Ltd.

Class A 

2,000

9,429

Chow

Tai

Fook

Jewellery

Group

Ltd.

27,600

30,604

CITIC

Ltd.

79,000

91,830

Citic

Pacific

Special

Steel

Group

Co.

Ltd.

Class A 

2,700

5,203

CITIC

Securities

Co.

Ltd.

Class A 

10,180

38,930

CITIC

Securities

Co.

Ltd.

Class H 

21,075

54,843

CMOC

Group

Ltd.

Class A 

14,000

17,080

CMOC

Group

Ltd.

Class H 

51,000

49,234

CNGR

Advanced

Material

Co.

Ltd.

Class A 

820

4,650

CNOOC

Energy

Technology

&

Services

Ltd.

Class A 

5,400

3,482

CNPC

Capital

Co.

Ltd.

Class A 

7,200

7,479

a

Shares

Value

Contemporary

Amperex

Technology

Co.

Ltd.

Class A 

3,560

$

125,113

COSCO

SHIPPING

Development

Co.

Ltd.

Class A 

7,800

2,916

COSCO

SHIPPING

Energy

Transportation

Co.

Ltd.

Class A 

2,800

6,277

COSCO

SHIPPING

Energy

Transportation

Co.

Ltd.

Class H 

18,000

21,795

COSCO

SHIPPING

Holdings

Co.

Ltd.

Class A 

9,810

21,760

COSCO

SHIPPING

Holdings

Co.

Ltd.

Class H 

39,900

66,670

COSCO

SHIPPING

Ports

Ltd.

419

253

CRRC

Corp.

Ltd.

Class A 

18,500

21,366

CRRC

Corp.

Ltd.

Class H 

61,000

39,704

CSC

Financial

Co.

Ltd.

Class A 

3,600

13,582

CSPC

Innovation

Pharmaceutical

Co.

Ltd.

Class A 

1,160

5,004

CSPC

Pharmaceutical

Group

Ltd.

112,000

85,771

Daqin

Railway

Co.

Ltd.

Class A 

14,600

14,212

Datang

International

Power

Generation

Co.

Ltd.

Class A 

10,700

4,506

Dong-E-E-Jiao

Co.

Ltd.

Class A 

600

5,253

Dongfang

Electric

Corp.

Ltd.

Class A 

2,400

5,369

Dongxing

Securities

Co.

Ltd.

Class A 

2,300

3,546

East

Money

Information

Co.

Ltd.

Class A 

12,776

36,393

Eastroc

Beverage

Group

Co.

Ltd.

Class A 

300

11,547

Ecovacs

Robotics

Co.

Ltd.

Class A 

400

2,897

Empyrean

Technology

Co.

Ltd.

Class A 

400

5,251

ENN

Energy

Holdings

Ltd.

10,700

80,380

ENN

Natural

Gas

Co.

Ltd.

Class A 

2,300

6,717

Eoptolink

Technology,

Inc.

Ltd.

Class A 

600

11,140

Eve

Energy

Co.

Ltd.

Class A 

1,700

11,681

Everbright

Securities

Co.

Ltd.

Class A 

3,300

8,949

Everdisplay

Optronics

Shanghai

Co.

Ltd.

Class A *

8,358

2,998

Far

East

Horizon

Ltd.

27,000

19,762

FAW

Jiefang

Group

Co.

Ltd.

Class A 

2,200

2,887

Flat

Glass

Group

Co.

Ltd.

Class A 

1,500

4,283

Focus

Media

Information

Technology

Co.

Ltd.

Class A 

12,400

12,382

Foshan

Haitian

Flavouring

&

Food

Co.

Ltd.

Class A 

3,788

25,644

Fosun

International

Ltd.

34,000

21,642

Founder

Securities

Co.

Ltd.

Class A 

6,900

9,107

Foxconn

Industrial

Internet

Co.

Ltd.

Class A 

10,700

38,123

Fuyao

Glass

Industry

Group

Co.

Ltd.

Class A 

1,600

13,272

Fuyao

Glass

Industry

Group

Co.

Ltd.

Class H ~

8,400

56,458

GalaxyCore,

Inc.

Class A 

2,077

4,343

Ganfeng

Lithium

Group

Co.

Ltd.

Class A 

1,260

6,105

GCL

Technology

Holdings

Ltd.

*

291,000

51,935

GD

Power

Development

Co.

Ltd.

Class A 

14,900

11,562

Geely

Automobile

Holdings

Ltd.

81,000

124,254

GEM

Co.

Ltd.

Class A 

3,600

3,636

Genscript

Biotech

Corp.

*

16,000

28,343

GF

Securities

Co.

Ltd.

Class A 

4,600

10,870

Giant

Biogene

Holding

Co.

Ltd.

~

4,200

27,173

GigaDevice

Semiconductor,

Inc.

Class A *

580

7,254

Ginlong

Technologies

Co.

Ltd.

Class A 

350

4,102

GoerTek,

Inc.

Class A 

2,800

8,997

Goldwind

Science

&

Technology

Co.

Ltd.

Class A 

2,700

3,821

310

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Goneo

Group

Co.

Ltd.

Class A 

535

$

6,304

Gotion

High-tech

Co.

Ltd.

Class A 

1,400

4,583

Great

Wall

Motor

Co.

Ltd.

Class A 

1,900

8,110

Great

Wall

Motor

Co.

Ltd.

Class H 

31,500

57,855

Gree

Electric

Appliances,

Inc.

of

Zhuhai

Class A 

2,300

15,587

GRG

Banking

Equipment

Co.

Ltd.

Class A 

1,800

2,980

Guangdong

Haid

Group

Co.

Ltd.

Class A 

1,400

9,514

Guangdong

Investment

Ltd.

40,000

26,719

Guanghui

Energy

Co.

Ltd.

Class A 

5,500

5,605

Guangzhou

Automobile

Group

Co.

Ltd.

Class A 

3,600

4,489

Guangzhou

Automobile

Group

Co.

Ltd.

Class H 

38,000

14,792

Guangzhou

Baiyun

International

Airport

Co.

Ltd.

Class A 

1,600

2,367

Guangzhou

Baiyunshan

Pharmaceutical

Holdings

Co.

Ltd.

Class A 

1,200

5,209

Guangzhou

Haige

Communications

Group,

Inc.

Co.

Class A 

1,800

2,708

Guangzhou

Tinci

Materials

Technology

Co.

Ltd.

Class A 

1,360

3,540

Guolian

Securities

Co.

Ltd.

Class A 

1,700

3,018

Guosen

Securities

Co.

Ltd.

Class A 

5,500

9,219

Guotai

Junan

Securities

Co.

Ltd.

Class A ±

6,100

12,781

Guoyuan

Securities

Co.

Ltd.

Class A 

3,100

3,875

H

World

Group

Ltd.

ADR

2,760

102,672

Haidilao

International

Holding

Ltd.

~

23,000

55,045

Haier

Smart

Home

Co.

Ltd.

Class A 

5,700

25,765

Haier

Smart

Home

Co.

Ltd.

Class H 

32,200

126,129

Hainan

Airlines

Holding

Co.

Ltd.

Class A *

37,700

6,889

Hainan

Airport

Infrastructure

Co.

Ltd.

Class A *

9,300

5,043

Haitian

International

Holdings

Ltd.

9,000

28,719

Haitong

Securities

Co.

Ltd.

Class A ±

7,500

9,375

Haitong

Securities

Co.

Ltd.

Class H ±

37,600

17,702

Hangzhou

First

Applied

Material

Co.

Ltd.

Class A 

2,106

5,252

Hangzhou

Great

Star

Industrial

Co.

Ltd.

Class A 

1,100

4,865

Hangzhou

Silan

Microelectronics

Co.

Ltd.

Class A *

1,200

3,836

Hangzhou

Tigermed

Consulting

Co.

Ltd.

Class A 

300

2,922

Hansoh

Pharmaceutical

Group

Co.

Ltd.

~

16,000

42,713

Hebei

Yangyuan

Zhihui

Beverage

Co.

Ltd.

Class A 

900

2,941

Heilongjiang

Agriculture

Co.

Ltd.

Class A 

1,200

2,526

Henan

Shenhuo

Coal

Industry

&

Electricity

Power

Co.

Ltd.

Class A 

1,900

5,356

Henan

Shuanghui

Investment

&

Development

Co.

Ltd.

Class A 

2,870

11,026

Hengan

International

Group

Co.

Ltd.

8,500

29,030

Hengli

Petrochemical

Co.

Ltd.

Class A 

6,000

13,317

Hengtong

Optic-electric

Co.

Ltd.

Class A 

2,300

5,512

Hengyi

Petrochemical

Co.

Ltd.

Class A 

2,500

2,471

Hisense

Home

Appliances

Group

Co.

Ltd.

Class A 

800

4,009

Hisense

Home

Appliances

Group

Co.

Ltd.

Class H 

5,000

18,415

Hisense

Visual

Technology

Co.

Ltd.

Class A 

1,300

4,111

Hithink

RoyalFlush

Information

Network

Co.

Ltd.

Class A 

400

10,817

HLA

Group

Corp.

Ltd.

Class A 

4,300

4,616

Horizon

Construction

Development

Ltd.

*

304

63

a

Shares

Value

Hoshine

Silicon

Industry

Co.

Ltd.

Class A 

700

$

5,941

Hua

Hong

Semiconductor

Ltd.

~

9,000

23,997

Huadian

Power

International

Corp.

Ltd.

Class A 

7,200

6,121

Huadong

Medicine

Co.

Ltd.

Class A 

1,500

7,405

Huafon

Chemical

Co.

Ltd.

Class A 

3,900

4,629

Huagong

Tech

Co.

Ltd.

Class A 

700

3,457

Huaibei

Mining

Holdings

Co.

Ltd.

Class A 

2,300

5,872

Hualan

Biological

Engineering,

Inc.

Class A 

1,300

3,297

Huaneng

Lancang

River

Hydropower,

Inc.

Class A 

4,300

7,054

Huaneng

Power

International,

Inc.

Class A 

7,400

8,081

Huaneng

Power

International,

Inc.

Class H 

58,000

35,415

Huatai

Securities

Co.

Ltd.

Class A 

6,100

15,107

Huatai

Securities

Co.

Ltd.

Class H ~

17,200

27,491

Huaxia

Bank

Co.

Ltd.

Class A 

10,800

11,397

Huayu

Automotive

Systems

Co.

Ltd.

Class A 

2,700

6,844

Hubei

Jumpcan

Pharmaceutical

Co.

Ltd.

Class A 

700

3,101

Huizhou

Desay

Sv

Automotive

Co.

Ltd.

Class A 

400

6,737

Humanwell

Healthcare

Group

Co.

Ltd.

Class A 

1,300

3,892

Hunan

Valin

Steel

Co.

Ltd.

Class A 

4,900

3,249

Hundsun

Technologies,

Inc.

Class A 

1,676

5,401

Hygon

Information

Technology

Co.

Ltd.

Class A 

1,921

28,091

IEIT

Systems

Co.

Ltd.

Class A 

1,300

7,623

Iflytek

Co.

Ltd.

Class A 

1,900

11,986

Imeik

Technology

Development

Co.

Ltd.

Class A 

240

7,991

Industrial

&

Commercial

Bank

of

China

Ltd.

Class A 

51,900

45,440

Industrial

&

Commercial

Bank

of

China

Ltd.

Class H 

940,000

553,911

Industrial

Bank

Co.

Ltd.

Class A 

16,861

45,937

Industrial

Securities

Co.

Ltd.

Class A 

7,460

7,195

Ingenic

Semiconductor

Co.

Ltd.

Class A 

400

3,662

Inner

Mongolia

BaoTou

Steel

Union

Co.

Ltd.

Class A *

35,100

8,590

Inner

Mongolia

Dian

Tou

Energy

Corp.

Ltd.

Class A 

1,900

5,323

Inner

Mongolia

Junzheng

Energy

&

Chemical

Industry

Group

Co.

Ltd.

Class A 

5,900

3,836

Inner

Mongolia

Yili

Industrial

Group

Co.

Ltd.

Class A 

5,300

21,785

Inner

Mongolia

Yitai

Coal

Co.

Ltd.

Class B 

14,400

30,716

Inner

Mongolia

Yuan

Xing

Energy

Co.

Ltd.

Class A 

2,900

2,753

Innovent

Biologics,

Inc.

* ~

16,500

98,957

iQIYI,

Inc.

ADR

*

6,545

18,719

Isoftstone

Information

Technology

Group

Co.

Ltd.

Class A 

800

5,849

JA

Solar

Technology

Co.

Ltd.

Class A 

2,856

5,466

JCET

Group

Co.

Ltd.

Class A 

1,500

7,500

JCHX

Mining

Management

Co.

Ltd.

Class A 

500

3,526

JD

Health

International,

Inc.

* ~

15,100

65,927

JD

Logistics,

Inc.

* ~

26,900

47,358

JD.com,

Inc.

Class A 

33,475

671,437

Jiangsu

Eastern

Shenghong

Co.

Ltd.

Class A 

5,600

7,350

Jiangsu

Expressway

Co.

Ltd.

Class H 

16,000

16,163

Jiangsu

Hengli

Hydraulic

Co.

Ltd.

Class A 

1,100

9,811

Jiangsu

Hengrui

Pharmaceuticals

Co.

Ltd.

Class A 

5,200

38,284

311

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Jiangsu

King's

Luck

Brewery

JSC

Ltd.

Class A 

1,000

$

7,282

Jiangsu

Nhwa

Pharmaceutical

Co.

Ltd.

Class A 

700

2,707

Jiangsu

Phoenix

Publishing

&

Media

Corp.

Ltd.

Class A 

1,800

3,062

Jiangsu

Yanghe

Distillery

Co.

Ltd.

Class A 

1,200

16,786

Jiangsu

Yangnong

Chemical

Co.

Ltd.

Class A 

320

2,804

Jiangsu

Yoke

Technology

Co.

Ltd.

Class A 

400

3,470

Jiangsu

Yuyue

Medical

Equipment

&

Supply

Co.

Ltd.

Class A 

700

3,803

Jiangsu

Zhongtian

Technology

Co.

Ltd.

Class A 

3,000

6,574

Jiangxi

Copper

Co.

Ltd.

Class A 

1,300

4,452

Jiangxi

Copper

Co.

Ltd.

Class H 

16,000

32,144

Jinduicheng

Molybdenum

Co.

Ltd.

Class A 

2,900

4,863

Jinko

Solar

Co.

Ltd.

Class A 

8,016

10,031

Jointown

Pharmaceutical

Group

Co.

Ltd.

Class A 

3,502

2,858

Juneyao

Airlines

Co.

Ltd.

Class A 

1,500

2,868

Kanzhun

Ltd.

ADR

3,572

62,010

KE

Holdings,

Inc.

ADR

8,767

174,551

Kingdee

International

Software

Group

Co.

Ltd.

*

41,000

46,238

Kingsoft

Corp.

Ltd.

12,800

47,969

Kuaishou

Technology

* ~

31,800

218,506

Kuang-Chi

Technologies

Co.

Ltd.

Class A *

1,800

6,365

Kunlun

Energy

Co.

Ltd.

52,000

53,434

Kunlun

Tech

Co.

Ltd.

Class A 

1,100

5,832

Kweichow

Moutai

Co.

Ltd.

Class A 

1,000

245,046

LB

Group

Co.

Ltd.

Class A 

2,100

6,163

Lenovo

Group

Ltd.

110,000

147,459

Lens

Technology

Co.

Ltd.

Class A 

4,000

11,595

Lepu

Medical

Technology

Beijing

Co.

Ltd.

Class A 

1,300

2,420

Li

Auto,

Inc.

Class A *

16,746

215,336

Li

Ning

Co.

Ltd.

31,500

77,444

Liaoning

Port

Co.

Ltd.

Class A 

13,000

2,734

Lingyi

iTech

Guangdong

Co.

Class A 

5,000

5,333

Livzon

Pharmaceutical

Group,

Inc.

Class A 

400

2,310

Longfor

Group

Holdings

Ltd.

~

27,279

51,403

LONGi

Green

Energy

Technology

Co.

Ltd.

Class A 

6,302

15,622

Luxshare

Precision

Industry

Co.

Ltd.

Class A 

5,800

35,609

Luzhou

Laojiao

Co.

Ltd.

Class A 

1,200

25,147

Mango

Excellent

Media

Co.

Ltd.

Class A 

1,500

5,564

Maxscend

Microelectronics

Co.

Ltd.

Class A 

480

6,306

Meihua

Holdings

Group

Co.

Ltd.

Class A 

2,100

3,241

Meituan

Class B * ~

67,490

1,433,175

Metallurgical

Corp.

of

China

Ltd.

Class A 

13,900

6,557

Midea

Group

Co.

Ltd.

Class A 

2,800

30,171

MINISO

Group

Holding

Ltd.

5,128

22,845

MMG

Ltd.

*

56,000

19,448

Montage

Technology

Co.

Ltd.

Class A 

944

8,932

Muyuan

Foods

Co.

Ltd.

Class A *

4,460

29,150

Nanjing

Iron

&

Steel

Co.

Ltd.

Class A 

5,000

3,439

Nanjing

Securities

Co.

Ltd.

Class A 

2,600

3,542

NARI

Technology

Co.

Ltd.

Class A 

6,658

25,964

National

Silicon

Industry

Group

Co.

Ltd.

Class A 

2,159

5,794

NAURA

Technology

Group

Co.

Ltd.

Class A 

400

20,773

NetEase,

Inc.

26,205

489,502

New

China

Life

Insurance

Co.

Ltd.

Class A 

1,800

11,691

a

Shares

Value

New

China

Life

Insurance

Co.

Ltd.

Class H 

11,600

$

35,838

New

Hope

Liuhe

Co.

Ltd.

Class A *

3,600

5,317

New

Oriental

Education

&

Technology

Group,

Inc.

20,200

154,159

Ninestar

Corp.

Class A *

1,300

5,560

Ningbo

Deye

Technology

Co.

Ltd.

Class A 

536

7,699

Ningbo

Joyson

Electronic

Corp.

Class A 

1,000

2,432

Ningbo

Orient

Wires

&

Cables

Co.

Ltd.

Class A 

600

4,691

Ningbo

Sanxing

Medical

Electric

Co.

Ltd.

Class A 

1,200

5,967

Ningbo

Tuopu

Group

Co.

Ltd.

Class A 

1,450

9,399

Ningxia

Baofeng

Energy

Group

Co.

Ltd.

Class A 

6,100

15,006

NIO,

Inc.

Class A *

18,760

126,408

Nongfu

Spring

Co.

Ltd.

Class H ~

27,200

117,152

Offshore

Oil

Engineering

Co.

Ltd.

Class A 

3,100

2,566

OFILM

Group

Co.

Ltd.

Class A *

2,300

3,239

Oppein

Home

Group,

Inc.

Class A 

400

3,525

Orient

Securities

Co.

Ltd.

Class A 

6,392

10,025

Pangang

Group

Vanadium

Titanium

&

Resources

Co.

Ltd.

Class A *

6,500

2,708

PDD

Holdings,

Inc.

ADR

*

9,407

1,268,158

People's

Insurance

Co.

Group

of

China

Ltd.

Class A 

9,000

9,452

People's

Insurance

Co.

Group

of

China

Ltd.

Class H 

115,000

54,486

PetroChina

Co.

Ltd.

Class A 

16,500

21,169

PetroChina

Co.

Ltd.

Class H 

288,000

232,321

Pharmaron

Beijing

Co.

Ltd.

Class A 

1,050

4,503

PICC

Property

&

Casualty

Co.

Ltd.

Class H 

94,000

139,145

Ping

An

Bank

Co.

Ltd.

Class A 

15,800

27,220

Ping

An

Insurance

Group

Co.

of

China

Ltd.

Class A 

8,800

70,823

Ping

An

Insurance

Group

Co.

of

China

Ltd.

Class H 

91,000

571,437

Pingdingshan

Tianan

Coal

Mining

Co.

Ltd.

Class A 

2,400

3,711

Piotech,

Inc.

Class A 

173

3,531

Poly

Developments

&

Holdings

Group

Co.

Ltd.

Class A 

10,000

15,399

Pop

Mart

International

Group

Ltd.

~

7,200

48,651

Postal

Savings

Bank

of

China

Co.

Ltd.

Class A 

25,000

18,621

Postal

Savings

Bank

of

China

Co.

Ltd.

Class H ~

106,000

62,649

Power

Construction

Corp.

of

China

Ltd.

Class A 

13,700

10,918

Qifu

Technology,

Inc.

ADR

1,578

47,040

Qinghai

Salt

Lake

Industry

Co.

Ltd.

Class A *

4,500

11,807

Range

Intelligent

Computing

Technology

Group

Co.

Ltd.

Class A 

1,000

4,529

Rockchip

Electronics

Co.

Ltd.

Class A 

300

2,770

Rongsheng

Petrochemical

Co.

Ltd.

Class A 

8,397

12,296

SAIC

Motor

Corp.

Ltd.

Class A 

6,500

13,470

Sailun

Group

Co.

Ltd.

Class A 

2,600

5,916

Sanan

Optoelectronics

Co.

Ltd.

Class A 

4,100

7,228

Sany

Heavy

Industry

Co.

Ltd.

Class A 

7,000

18,671

Satellite

Chemical

Co.

Ltd.

Class A 

2,898

7,642

SDIC

Capital

Co.

Ltd.

Class A 

5,100

5,870

SDIC

Power

Holdings

Co.

Ltd.

Class A 

6,200

14,978

Seres

Group

Co.

Ltd.

Class A *

1,200

15,301

SF

Holding

Co.

Ltd.

Class A 

3,900

24,691

SG

Micro

Corp.

Class A 

417

5,619

312

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Shaanxi

Coal

Industry

Co.

Ltd.

Class A 

8,000

$

31,103

Shan

Xi

Hua

Yang

Group

New

Energy

Co.

Ltd.

Class A 

3,150

3,774

Shandong

Gold

Mining

Co.

Ltd.

Class A 

3,100

12,907

Shandong

Gold

Mining

Co.

Ltd.

Class H ~

9,500

21,195

Shandong

Himile

Mechanical

Science

&

Technology

Co.

Ltd.

Class A 

600

3,932

Shandong

Hualu

Hengsheng

Chemical

Co.

Ltd.

Class A 

1,810

6,700

Shandong

Linglong

Tyre

Co.

Ltd.

Class A 

1,000

2,850

Shandong

Nanshan

Aluminum

Co.

Ltd.

Class A 

9,500

5,892

Shandong

Sun

Paper

Industry

JSC

Ltd.

Class A 

2,200

4,687

Shandong

Weigao

Group

Medical

Polymer

Co.

Ltd.

Class H 

33,600

24,291

Shanghai

Baosight

Software

Co.

Ltd.

Class A 

2,047

9,570

Shanghai

Baosight

Software

Co.

Ltd.

Class B 

9,262

15,817

Shanghai

BOCHU

Electronic

Technology

Corp.

Ltd.

Class A 

134

3,999

Shanghai

Electric

Group

Co.

Ltd.

Class A *

10,900

6,988

Shanghai

Electric

Power

Co.

Ltd.

Class A 

1,900

2,601

Shanghai

Fosun

Pharmaceutical

Group

Co.

Ltd.

Class A 

1,800

7,075

Shanghai

International

Airport

Co.

Ltd.

Class A 

1,100

5,988

Shanghai

International

Port

Group

Co.

Ltd.

Class A 

5,700

5,259

Shanghai

Lingang

Holdings

Corp.

Ltd.

Class A 

1,700

2,748

Shanghai

M&G

Stationery,

Inc.

Class A 

700

3,501

Shanghai

Pharmaceuticals

Holding

Co.

Ltd.

Class A 

300

900

Shanghai

Pharmaceuticals

Holding

Co.

Ltd.

Class H 

13,900

22,522

Shanghai

Pudong

Development

Bank

Co.

Ltd.

Class A 

23,836

34,018

Shanghai

Putailai

New

Energy

Technology

Co.

Ltd.

Class A 

1,939

4,091

Shanghai

RAAS

Blood

Products

Co.

Ltd.

Class A 

5,500

6,159

Shanghai

Rural

Commercial

Bank

Co.

Ltd.

Class A 

8,200

8,684

Shanghai

United

Imaging

Healthcare

Co.

Ltd.

Class A 

510

9,233

Shanghai

Zhangjiang

High-Tech

Park

Development

Co.

Ltd.

Class A 

1,100

3,726

Shanjin

International

Gold

Co.

Ltd.

Class C 

2,300

6,064

Shanxi

Coal

International

Energy

Group

Co.

Ltd.

Class A 

1,400

2,775

Shanxi

Coking

Coal

Energy

Group

Co.

Ltd.

Class A 

4,700

6,364

Shanxi

Lu'an

Environmental

Energy

Development

Co.

Ltd.

Class A 

2,500

6,227

Shanxi

Xinghuacun

Fen

Wine

Factory

Co.

Ltd.

Class A 

940

28,867

Shenergy

Co.

Ltd.

Class A 

3,900

4,710

Shengyi

Technology

Co.

Ltd.

Class A 

2,000

5,917

Shennan

Circuits

Co.

Ltd.

Class A 

400

6,293

Shenwan

Hongyuan

Group

Co.

Ltd.

Class A 

18,900

15,285

Shenzhen

Capchem

Technology

Co.

Ltd.

Class A 

520

2,974

Shenzhen

Energy

Group

Co.

Ltd.

Class A 

3,300

3,268

a

Shares

Value

Shenzhen

Goodix

Technology

Co.

Ltd.

Class A 

300

$

2,962

Shenzhen

Inovance

Technology

Co.

Ltd.

Class A 

1,050

9,253

Shenzhen

Mindray

Bio-Medical

Electronics

Co.

Ltd.

Class A 

1,000

41,237

Shenzhen

New

Industries

Biomedical

Engineering

Co.

Ltd.

Class A 

600

6,980

Shenzhen

Salubris

Pharmaceuticals

Co.

Ltd.

Class A 

800

3,931

Shenzhen

Transsion

Holdings

Co.

Ltd.

Class A 

937

14,410

Shenzhen

YUTO

Packaging

Technology

Co.

Ltd.

Class A 

600

2,184

Shenzhou

International

Group

Holdings

Ltd.

11,200

99,153

Shijiazhuang

Yiling

Pharmaceutical

Co.

Ltd.

Class A 

1,120

2,859

Sichuan

Chuantou

Energy

Co.

Ltd.

Class A 

4,000

10,747

Sichuan

Kelun

Pharmaceutical

Co.

Ltd.

Class A 

1,400

6,328

Sichuan

Road

&

Bridge

Group

Co.

Ltd.

Class A 

4,480

4,465

Sieyuan

Electric

Co.

Ltd.

Class A 

600

6,296

Silergy

Corp.

4,000

58,908

Sinolink

Securities

Co.

Ltd.

Class A 

2,600

3,598

Sinoma

International

Engineering

Co.

Class A 

2,500

4,062

Sinopharm

Group

Co.

Ltd.

Class H 

18,000

47,488

Sinotruk

Hong

Kong

Ltd.

9,500

28,535

Smoore

International

Holdings

Ltd.

~

25,000

41,082

SooChow

Securities

Co.

Ltd.

Class A 

3,510

4,172

Southwest

Securities

Co.

Ltd.

Class A 

4,700

3,223

Spring

Airlines

Co.

Ltd.

Class A 

800

6,979

Sungrow

Power

Supply

Co.

Ltd.

Class A 

1,660

23,225

Sunny

Optical

Technology

Group

Co.

Ltd.

9,600

69,460

Sunwoda

Electronic

Co.

Ltd.

Class A 

1,300

4,025

SUPCON

Technology

Co.

Ltd.

Class A 

722

5,139

Suzhou

Dongshan

Precision

Manufacturing

Co.

Ltd.

Class A 

1,400

4,659

Suzhou

Maxwell

Technologies

Co.

Ltd.

Class A 

216

3,235

Suzhou

TFC

Optical

Communication

Co.

Ltd.

Class A 

420

6,005

TAL

Education

Group

ADR

*

5,583

66,103

TBEA

Co.

Ltd.

Class A 

4,400

9,136

TCL

Technology

Group

Corp.

Class A 

16,200

10,491

TCL

Zhonghuan

Renewable

Energy

Technology

Co.

Ltd.

Class A 

3,650

5,337

Tencent

Holdings

Ltd.

88,700

4,932,149

Tencent

Music

Entertainment

Group

ADR

10,174

122,597

Tian

Di

Science

&

Technology

Co.

Ltd.

Class A 

4,000

3,695

Tianqi

Lithium

Corp.

Class A 

1,300

6,435

Tianshan

Aluminum

Group

Co.

Ltd.

Class A 

3,700

4,449

Tianshui

Huatian

Technology

Co.

Ltd.

Class A 

2,200

2,911

Tingyi

Cayman

Islands

Holding

Corp.

26,000

37,301

Tongcheng

Travel

Holdings

Ltd.

~

17,200

43,192

TongFu

Microelectronics

Co.

Ltd.

Class A 

1,400

4,549

Tongkun

Group

Co.

Ltd.

Class A 

1,700

3,240

Tongling

Nonferrous

Metals

Group

Co.

Ltd.

Class A 

10,600

5,748

Tongwei

Co.

Ltd.

Class A 

3,700

11,916

Topsports

International

Holdings

Ltd.

~

29,000

12,631

TravelSky

Technology

Ltd.

Class H 

13,000

19,093

313

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Trina

Solar

Co.

Ltd.

Class A 

1,897

$

6,033

Trip.com

Group

Ltd.

*

7,499

451,203

Tsingtao

Brewery

Co.

Ltd.

Class A 

600

6,639

Tsingtao

Brewery

Co.

Ltd.

Class H 

8,000

62,016

Unigroup

Guoxin

Microelectronics

Co.

Ltd.

Class A 

739

6,504

Unisplendour

Corp.

Ltd.

Class A 

2,400

8,186

Universal

Scientific

Industrial

Shanghai

Co.

Ltd.

Class A 

1,300

2,944

Victory

Giant

Technology

Huizhou

Co.

Ltd.

Class A 

700

3,965

Vipshop

Holdings

Ltd.

ADR

5,029

79,106

Wanda

Film

Holding

Co.

Ltd.

Class A *

1,500

2,638

Wanhua

Chemical

Group

Co.

Ltd.

Class A 

2,600

33,403

Want

Want

China

Holdings

Ltd.

64,000

43,963

Weichai

Power

Co.

Ltd.

Class A 

5,600

12,559

Weichai

Power

Co.

Ltd.

Class H 

26,000

47,521

Weihai

Guangwei

Composites

Co.

Ltd.

Class A 

660

3,075

Wens

Foodstuff

Group

Co.

Ltd.

Class A 

5,500

15,692

Western

Mining

Co.

Ltd.

Class A 

2,000

5,327

Western

Securities

Co.

Ltd.

Class A 

3,200

3,915

Western

Superconducting

Technologies

Co.

Ltd.

Class A 

426

2,798

Will

Semiconductor

Co.

Ltd.

Shanghai

Class A 

980

14,827

Wingtech

Technology

Co.

Ltd.

Class A 

1,100

5,088

Wintime

Energy

Group

Co.

Ltd.

Class A *

15,400

2,918

Wuhan

Guide

Infrared

Co.

Ltd.

Class A 

2,954

3,053

Wuliangye

Yibin

Co.

Ltd.

Class A 

3,100

70,930

WUS

Printed

Circuit

Kunshan

Co.

Ltd.

Class A 

1,600

9,197

WuXi

AppTec

Co.

Ltd.

Class A 

2,200

16,188

WuXi

AppTec

Co.

Ltd.

Class H ~

4,540

31,374

Wuxi

Biologics

Cayman,

Inc.

* ~

48,000

106,121

XCMG

Construction

Machinery

Co.

Ltd.

Class A 

9,800

10,780

Xiamen

C

&

D,

Inc.

Class A 

2,300

3,318

Xiamen

Tungsten

Co.

Ltd.

Class A 

1,000

2,951

Xiaomi

Corp.

Class B * ~

208,200

586,435

Xinjiang

Daqo

New

Energy

Co.

Ltd.

Class A 

1,593

5,916

Xinyi

Solar

Holdings

Ltd.

66,081

35,095

XPeng,

Inc.

Class A *

16,708

103,099

Yadea

Group

Holdings

Ltd.

~

16,847

29,728

Yankuang

Energy

Group

Co.

Ltd.

Class A 

4,160

9,862

Yankuang

Energy

Group

Co.

Ltd.

Class H 

44,200

62,221

Yantai

Jereh

Oilfield

Services

Group

Co.

Ltd.

Class A 

700

3,267

Yealink

Network

Technology

Corp.

Ltd.

Class A 

1,080

6,454

Yifeng

Pharmacy

Chain

Co.

Ltd.

Class A 

1,106

3,988

Yihai

Kerry

Arawana

Holdings

Co.

Ltd.

Class A 

1,300

6,513

Yonyou

Network

Technology

Co.

Ltd.

Class A *

2,400

3,901

Youngor

Fashion

Co.

Ltd.

Class A 

4,000

4,578

YTO

Express

Group

Co.

Ltd.

Class A 

2,800

7,070

Yum

China

Holdings,

Inc.

5,280

237,706

Yunnan

Aluminium

Co.

Ltd.

Class A 

2,800

5,824

Yunnan

Baiyao

Group

Co.

Ltd.

Class A 

1,460

12,603

Yunnan

Chihong

Zinc&Germanium

Co.

Ltd.

Class A 

3,600

2,898

Yunnan

Energy

New

Material

Co.

Ltd.

Class A 

900

4,329

a

Shares

Value

Yunnan

Tin

Co.

Ltd.

Class A 

1,200

$

2,748

Yunnan

Yuntianhua

Co.

Ltd.

Class A 

1,600

5,121

Yutong

Bus

Co.

Ltd.

Class A 

1,900

7,092

Zangge

Mining

Co.

Ltd.

Class A 

1,300

5,266

Zhangzhou

Pientzehuang

Pharmaceutical

Co.

Ltd.

Class A 

500

18,257

Zhaojin

Mining

Industry

Co.

Ltd.

Class H 

20,500

36,033

Zhejiang

Century

Huatong

Group

Co.

Ltd.

Class A *

5,220

3,076

Zhejiang

China

Commodities

City

Group

Co.

Ltd.

Class A 

4,700

6,409

Zhejiang

Chint

Electrics

Co.

Ltd.

Class A 

1,900

6,123

Zhejiang

Dahua

Technology

Co.

Ltd.

Class A 

2,900

7,058

Zhejiang

Dingli

Machinery

Co.

Ltd.

Class A 

400

3,367

Zhejiang

Expressway

Co.

Ltd.

Class H 

20,840

14,514

Zhejiang

Huahai

Pharmaceutical

Co.

Ltd.

Class A 

1,200

3,329

Zhejiang

Huayou

Cobalt

Co.

Ltd.

Class A 

1,475

6,116

Zhejiang

Jingsheng

Mechanical

&

Electrical

Co.

Ltd.

Class A 

900

4,120

Zhejiang

Juhua

Co.

Ltd.

Class A 

2,300

7,217

Zhejiang

Leapmotor

Technology

Co.

Ltd.

* ~

7,000

29,507

Zhejiang

Longsheng

Group

Co.

Ltd.

Class A 

2,500

3,727

Zhejiang

NHU

Co.

Ltd.

Class A 

2,604

8,305

Zhejiang

Sanhua

Intelligent

Controls

Co.

Ltd.

Class A 

1,300

4,369

Zhejiang

Supor

Co.

Ltd.

Class A 

500

4,170

Zhejiang

Wanfeng

Auto

Wheel

Co.

Ltd.

Class A 

1,700

3,666

Zhejiang

Weiming

Environment

Protection

Co.

Ltd.

Class A 

1,520

4,683

Zhejiang

Weixing

New

Building

Materials

Co.

Ltd.

Class A 

1,200

2,526

Zhejiang

Zheneng

Electric

Power

Co.

Ltd.

Class A 

9,300

8,874

Zheshang

Securities

Co.

Ltd.

Class A 

3,300

6,710

Zhongji

Innolight

Co.

Ltd.

Class A 

900

19,881

Zhongjin

Gold

Corp.

Ltd.

Class A 

3,800

8,159

Zhongsheng

Group

Holdings

Ltd.

11,500

20,874

Zhongtai

Securities

Co.

Ltd.

Class A 

5,900

6,111

Zhuzhou

CRRC

Times

Electric

Co.

Ltd.

Class A 

704

5,296

Zhuzhou

CRRC

Times

Electric

Co.

Ltd.

Class H 

6,600

25,852

Zijin

Mining

Group

Co.

Ltd.

Class A 

17,300

43,967

Zijin

Mining

Group

Co.

Ltd.

Class H 

76,000

169,681

Zoomlion

Heavy

Industry

Science

&

Technology

Co.

Ltd.

Class A 

5,900

6,337

ZTE

Corp.

Class A 

3,300

14,528

ZTE

Corp.

Class H 

10,200

26,138

ZTO

Express

Cayman,

Inc.

5,866

146,552

30,328,020

Colombia

-

0.1%

spacing

Bancolombia

SA

3,688

31,776

Interconexion

Electrica

SA

ESP

5,984

24,300

56,076

Czech

Republic

-

0.1%

spacing

CEZ

AS

2,173

84,475

Komercni

Banka

AS

1,023

36,064

Moneta

Money

Bank

AS

~

3,392

16,653

137,192

314

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Egypt

-

0.1%

spacing

Commercial

International

Bank

-

Egypt

(CIB)

30,836

$

53,969

Eastern

Co.

SAE

18,803

10,126

Talaat

Moustafa

Group

11,153

14,715

78,810

Greece

-

0.5%

spacing

Alpha

Services

&

Holdings

SA

30,182

52,410

Eurobank

Ergasias

Services

&

Holdings

SA

Class A 

35,197

80,616

Hellenic

Telecommunications

Organization

SA

2,549

43,984

Jumbo

SA

1,556

44,567

Metlen

Energy

&

Metals

SA

1,441

56,658

National

Bank

of

Greece

SA

10,519

89,922

OPAP

SA

2,486

44,166

Piraeus

Financial

Holdings

SA

14,367

61,165

Public

Power

Corp.

SA

2,828

37,906

511,394

Hong

Kong

-

0.1%

spacing

China

Common

Rich

Renewable

Energy

Investments

Ltd.

* ± Ω

122,000

–

Orient

Overseas

International

Ltd.

1,500

21,110

Sino

Biopharmaceutical

Ltd.

140,000

66,050

87,160

Hungary

-

0.2%

spacing

MOL

Hungarian

Oil

&

Gas

PLC

5,497

41,118

OTP

Bank

Nyrt

3,034

158,695

Richter

Gedeon

Nyrt

1,901

58,535

258,348

India

-

19.7%

spacing

ABB

India

Ltd.

717

68,909

Adani

Enterprises

Ltd.

2,007

75,013

Adani

Green

Energy

Ltd.

*

4,288

97,245

Adani

Ports

&

Special

Economic

Zone

Ltd.

7,303

126,108

Adani

Power

Ltd.

*

10,448

81,761

Ambuja

Cements

Ltd.

8,354

62,999

APL

Apollo

Tubes

Ltd.

2,273

42,906

Apollo

Hospitals

Enterprise

Ltd.

1,365

117,314

Ashok

Leyland

Ltd.

19,871

55,757

Asian

Paints

Ltd.

5,193

206,458

Astral

Ltd.

1,813

43,077

AU

Small

Finance

Bank

Ltd.

~

4,929

43,457

Aurobindo

Pharma

Ltd.

3,572

62,224

Avenue

Supermarts

Ltd.

* ~

2,203

133,958

Axis

Bank

Ltd.

30,983

455,510

Bajaj

Auto

Ltd.

907

133,530

Bajaj

Finance

Ltd.

3,772

346,564

Bajaj

Finserv

Ltd.

5,189

122,215

Bajaj

Holdings

&

Investment

Ltd.

362

45,373

Balkrishna

Industries

Ltd.

1,046

38,065

Bank

of

Baroda

14,019

41,441

Bharat

Electronics

Ltd.

49,562

168,869

Bharat

Forge

Ltd.

3,466

62,620

Bharat

Heavy

Electricals

Ltd.

14,146

47,079

Bharat

Petroleum

Corp.

Ltd.

20,569

90,642

Bharti

Airtel

Ltd.

34,708

707,573

Bosch

Ltd.

100

44,974

Britannia

Industries

Ltd.

1,468

111,084

a

Shares

Value

Canara

Bank

24,643

$

32,767

CG

Power

&

Industrial

Solutions

Ltd.

8,275

74,893

Cholamandalam

Investment

&

Finance

Co.

Ltd.

5,686

109,142

Cipla

Ltd.

7,109

140,457

Coal

India

Ltd.

25,046

152,201

Colgate-Palmolive

India

Ltd.

1,842

83,592

Container

Corp.

of

India

Ltd.

3,296

36,074

Cummins

India

Ltd.

1,878

85,384

Dabur

India

Ltd.

7,194

53,620

Divi's

Laboratories

Ltd.

1,617

105,049

Dixon

Technologies

India

Ltd.

~

446

73,385

DLF

Ltd.

10,074

107,492

Dr.

Reddy's

Laboratories

Ltd.

1,582

127,348

Eicher

Motors

Ltd.

1,853

111,137

GAIL

India

Ltd.

31,167

89,347

GMR

Airports

Infrastructure

Ltd.

*

32,669

36,674

Godrej

Consumer

Products

Ltd.

5,539

91,946

Godrej

Properties

Ltd.

*

1,697

64,000

Grasim

Industries

Ltd.

3,571

119,035

Havells

India

Ltd.

3,389

81,381

HCL

Technologies

Ltd.

12,865

275,570

HDFC

Asset

Management

Co.

Ltd.

~

1,303

66,814

HDFC

Bank

Ltd.

57,718

1,188,663

HDFC

Life

Insurance

Co.

Ltd.

~

13,110

112,341

Hero

MotoCorp

Ltd.

1,623

110,670

Hindalco

Industries

Ltd.

18,265

165,095

Hindustan

Aeronautics

Ltd.

~

2,721

143,581

Hindustan

Petroleum

Corp.

Ltd.

12,974

68,075

Hindustan

Unilever

Ltd.

11,139

393,171

ICICI

Bank

Ltd.

70,555

1,070,711

ICICI

Lombard

General

Insurance

Co.

Ltd.

~

3,276

85,127

ICICI

Prudential

Life

Insurance

Co.

Ltd.

~

4,882

45,410

IDFC

First

Bank

Ltd.

*

49,571

43,985

Indian

Hotels

Co.

Ltd.

11,563

94,497

Indian

Oil

Corp.

Ltd.

38,255

82,215

Indian

Railway

Catering

&

Tourism

Corp.

Ltd.

3,243

35,923

Indus

Towers

Ltd.

*

16,453

77,084

IndusInd

Bank

Ltd.

3,903

67,377

Info

Edge

India

Ltd.

963

93,046

Infosys

Ltd.

44,997

1,005,086

InterGlobe

Aviation

Ltd.

* ~

2,351

134,103

ITC

Ltd.

40,572

250,751

Jindal

Stainless

Ltd.

4,463

42,102

Jindal

Steel

&

Power

Ltd.

4,880

60,435

Jio

Financial

Services

Ltd.

*

38,738

161,774

JSW

Energy

Ltd.

4,728

41,322

JSW

Steel

Ltd.

8,275

101,598

Jubilant

Foodworks

Ltd.

4,907

39,915

Kotak

Mahindra

Bank

Ltd.

14,812

327,413

Larsen

&

Toubro

Ltd.

9,122

400,031

LTIMindtree

Ltd.

~

1,002

74,648

Lupin

Ltd.

3,089

80,768

Macrotech

Developers

Ltd.

~

4,045

59,562

Mahindra

&

Mahindra

Ltd.

12,631

466,191

Mankind

Pharma

Ltd.

*

1,356

40,816

Marico

Ltd.

7,009

58,137

Maruti

Suzuki

India

Ltd.

1,702

268,744

Max

Healthcare

Institute

Ltd.

10,538

123,779

Mphasis

Ltd.

1,407

50,448

MRF

Ltd.

31

51,220

Muthoot

Finance

Ltd.

1,630

39,523

Nestle

India

Ltd.

4,570

146,714

315

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

NHPC

Ltd.

40,770

$

46,098

NMDC

Ltd.

14,088

41,179

NTPC

Ltd.

59,089

311,778

Oil

&

Natural

Gas

Corp.

Ltd.

42,598

151,566

Oil

India

Ltd.

6,613

45,807

Oracle

Financial

Services

Software

Ltd.

295

40,286

Page

Industries

Ltd.

83

42,490

PB

Fintech

Ltd.

*

4,017

77,429

Persistent

Systems

Ltd.

1,461

94,986

Petronet

LNG

Ltd.

10,145

41,389

Phoenix

Mills

Ltd.

2,666

58,649

PI

Industries

Ltd.

1,026

57,009

Pidilite

Industries

Ltd.

2,064

82,823

Polycab

India

Ltd.

711

59,005

Power

Finance

Corp.

Ltd.

20,123

117,311

Power

Grid

Corp.

of

India

Ltd.

62,992

265,674

Prestige

Estates

Projects

Ltd.

2,341

51,472

Punjab

National

Bank

29,884

38,185

Rail

Vikas

Nigam

Ltd.

~

7,061

44,817

REC

Ltd.

17,840

118,102

Reliance

Industries

Ltd.

41,242

1,451,015

Samvardhana

Motherson

International

Ltd.

36,707

92,479

SBI

Cards

&

Payment

Services

Ltd.

3,906

36,071

SBI

Life

Insurance

Co.

Ltd.

~

6,105

134,076

Shree

Cement

Ltd.

123

38,618

Shriram

Finance

Ltd.

3,819

163,289

Siemens

Ltd.

1,206

104,245

Solar

Industries

India

Ltd.

368

50,602

Sona

Blw

Precision

Forgings

Ltd.

~

5,910

52,385

SRF

Ltd.

1,800

53,672

State

Bank

of

India

24,187

227,092

Sun

Pharmaceutical

Industries

Ltd.

13,003

298,945

Sundaram

Finance

Ltd.

895

56,199

Supreme

Industries

Ltd.

859

54,555

Suzlon

Energy

Ltd.

*

129,228

123,312

Tata

Communications

Ltd.

1,548

39,426

Tata

Consultancy

Services

Ltd.

12,253

623,904

Tata

Consumer

Products

Ltd.

8,040

114,768

Tata

Elxsi

Ltd.

465

42,837

Tata

Motors

Ltd.

27,327

317,411

Tata

Power

Co.

Ltd.

19,476

111,986

Tata

Steel

Ltd.

101,443

204,180

Tech

Mahindra

Ltd.

7,282

137,120

Thermax

Ltd.

575

34,922

Titan

Co.

Ltd.

4,808

219,271

Torrent

Pharmaceuticals

Ltd.

1,375

55,706

Torrent

Power

Ltd.

2,279

51,042

Trent

Ltd.

2,456

222,198

Tube

Investments

of

India

Ltd.

1,440

74,537

TVS

Motor

Co.

Ltd.

3,214

108,903

UltraTech

Cement

Ltd.

1,565

220,358

Union

Bank

of

India

Ltd.

20,697

30,302

United

Spirits

Ltd.

3,942

74,761

UPL

Ltd.

6,071

44,362

Varun

Beverages

Ltd.

15,407

111,469

Vedanta

Ltd.

18,545

113,329

Vodafone

Idea

Ltd.

*

321,714

39,753

Wipro

Ltd.

17,703

114,305

Yes

Bank

Ltd.

*

191,042

51,331

Zomato

Ltd.

*

89,696

291,949

Zydus

Lifesciences

Ltd.

3,409

43,466

21,868,290

a

Shares

Value

Indonesia

-

1.7%

spacing

Adaro

Energy

Indonesia

Tbk.

PT

194,100

$

48,858

Amman

Mineral

Internasional

PT

*

88,300

54,164

Astra

International

Tbk.

PT

272,100

90,627

Bank

Central

Asia

Tbk.

PT

750,600

511,885

Bank

Mandiri

Persero

Tbk.

PT

505,100

232,343

Bank

Negara

Indonesia

Persero

Tbk.

PT

201,100

71,012

Bank

Rakyat

Indonesia

Persero

Tbk.

PT

922,697

301,779

Barito

Pacific

Tbk.

PT

389,288

26,933

Chandra

Asri

Pacific

Tbk.

PT

105,300

58,944

Charoen

Pokphand

Indonesia

Tbk.

PT

98,600

30,609

GoTo

Gojek

Tokopedia

Tbk.

PT

*

12,156,700

52,967

Indah

Kiat

Pulp

&

Paper

Tbk.

PT

33,400

19,059

Indofood

CBP

Sukses

Makmur

Tbk.

PT

32,200

26,213

Indofood

Sukses

Makmur

Tbk.

PT

57,800

26,915

Kalbe

Farma

Tbk.

PT

289,500

32,985

Merdeka

Copper

Gold

Tbk.

PT

*

133,662

23,824

Sumber

Alfaria

Trijaya

Tbk.

PT

250,000

52,180

Telkom

Indonesia

Persero

Tbk.

PT

669,700

132,610

Unilever

Indonesia

Tbk.

PT

104,900

15,271

United

Tractors

Tbk.

PT

20,500

36,819

1,845,997

Kuwait

-

0.7%

spacing

Boubyan

Bank

KSCP

20,062

37,493

Gulf

Bank

KSCP

26,188

26,026

Kuwait

Finance

House

KSCP

138,661

325,524

Mabanee

Co.

KPSC

9,520

26,095

Mobile

Telecommunications

Co.

KSCP

26,351

41,018

National

Bank

of

Kuwait

SAKP

107,106

309,961

766,117

Luxembourg

-

0.0%

spacing

Reinet

Investments

SCA

1,850

51,272

Malaysia

-

1.5%

spacing

AMMB

Holdings

Bhd.

33,500

40,642

Axiata

Group

Bhd.

36,900

22,492

CELCOMDIGI

Bhd.

47,400

42,804

CIMB

Group

Holdings

Bhd.

94,020

183,982

Gamuda

Bhd.

26,527

51,893

Genting

Bhd.

28,300

28,987

Genting

Malaysia

Bhd.

39,000

22,897

Hong

Leong

Bank

Bhd.

8,900

46,598

IHH

Healthcare

Bhd.

30,100

52,265

Inari

Amertron

Bhd.

38,500

27,106

IOI

Corp.

Bhd.

34,300

31,248

Kuala

Lumpur

Kepong

Bhd.

6,733

33,472

Malayan

Banking

Bhd.

73,388

186,545

Malaysia

Airports

Holdings

Bhd.

12,592

31,942

Maxis

Bhd.

32,400

31,044

MISC

Bhd.

18,300

34,640

Mr.

DIY

Group

M

Bhd.

~

45,750

23,461

Nestle

Malaysia

Bhd.

900

22,757

Petronas

Chemicals

Group

Bhd.

37,500

51,288

Petronas

Dagangan

Bhd.

4,000

17,326

Petronas

Gas

Bhd.

10,600

46,271

PPB

Group

Bhd.

8,800

30,806

Press

Metal

Aluminium

Holdings

Bhd.

50,600

62,209

Public

Bank

Bhd.

197,000

217,760

QL

Resources

Bhd.

22,350

25,355

RHB

Bank

Bhd.

20,578

30,840

SD

Guthrie

Bhd.

28,502

33,061

316

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Sime

Darby

Bhd.

37,600

$

22,419

Sunway

Bhd.

30,600

31,146

Telekom

Malaysia

Bhd.

15,581

25,313

Tenaga

Nasional

Bhd.

35,300

123,764

YTL

Corp.

Bhd.

45,700

27,960

YTL

Power

International

Bhd.

33,800

30,151

1,690,444

Mexico

-

2.0%

spacing

Alfa

SAB

de

CV

Class A 

42,100

34,446

America

Movil

SAB

de

CV

250,600

205,545

Arca

Continental

SAB

de

CV

6,900

64,515

Banco

del

Bajio

SA

~

11,200

26,177

Cemex

SAB

de

CV

205,300

125,745

Coca-Cola

Femsa

SAB

de

CV

7,110

62,939

Fibra

Uno

Administracion

SA

de

CV

REIT

39,100

45,514

Fomento

Economico

Mexicano

SAB

de

CV

24,300

239,865

Gruma

SAB

de

CV

Class B 

2,460

45,681

Grupo

Aeroportuario

del

Centro

Norte

SAB

de

CV

3,900

32,953

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV

Class B *

5,335

92,638

Grupo

Aeroportuario

del

Sureste

SAB

de

CV

Class B 

2,440

69,070

Grupo

Bimbo

SAB

de

CV

17,900

61,600

Grupo

Carso

SAB

de

CV

Class Series

A1 

7,600

47,051

Grupo

Comercial

Chedraui

SA

de

CV

3,900

29,306

Grupo

Financiero

Banorte

SAB

de

CV

Class O 

35,100

248,677

Grupo

Financiero

Inbursa

SAB

de

CV

Class O *

24,700

55,948

Grupo

Mexico

SAB

de

CV

42,200

235,261

Industrias

Penoles

SAB

de

CV

*

2,700

35,836

Kimberly-Clark

de

Mexico

SAB

de

CV

Class A 

20,800

33,635

Operadora

De

Sites

Mexicanos

SAB

de

CV

17,700

13,907

Orbia

Advance

Corp.

SAB

de

CV

11,800

11,932

Prologis

Property

Mexico

SA

de

CV

REIT

13,519

44,223

Promotora

y

Operadora

de

Infraestructura

SAB

de

CV

2,615

24,612

Southern

Copper

Corp.

1,169

135,218

Wal-Mart

de

Mexico

SAB

de

CV

70,800

212,760

2,235,054

Peru

-

0.2%

spacing

Cia

de

Minas

Buenaventura

SAA

ADR

2,261

31,292

Credicorp

Ltd.

914

165,407

196,699

Philippines

-

0.6%

spacing

Ayala

Corp.

3,380

40,592

Ayala

Land,

Inc.

89,400

58,226

Bank

of

the

Philippine

Islands

25,171

60,970

BDO

Unibank,

Inc.

31,972

90,534

International

Container

Terminal

Services,

Inc.

13,730

99,500

JG

Summit

Holdings,

Inc.

36,150

17,934

Jollibee

Foods

Corp.

6,130

29,404

Manila

Electric

Co.

3,860

30,184

Metropolitan

Bank

&

Trust

Co.

24,660

34,677

PLDT,

Inc.

1,030

27,343

SM

Investments

Corp.

2,990

51,088

SM

Prime

Holdings,

Inc.

136,000

78,312

a

Shares

Value

Universal

Robina

Corp.

11,820

$

21,939

640,703

Poland

-

0.9%

spacing

Alior

Bank

SA

1,241

29,842

Allegro.eu

SA

* ~

7,850

70,976

Bank

Polska

Kasa

Opieki

SA

2,490

95,068

Budimex

SA

176

27,310

CD

Projekt

SA

882

39,909

Dino

Polska

SA

* ~

663

60,409

KGHM

Polska

Miedz

SA

1,895

78,362

LPP

SA

15

61,484

mBank

SA

*

203

32,574

ORLEN

SA

7,851

113,956

PGE

Polska

Grupa

Energetyczna

SA

*

12,099

22,614

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

11,857

172,782

Powszechny

Zaklad

Ubezpieczen

SA

8,184

89,467

Santander

Bank

Polska

SA

555

65,583

960,336

Qatar

-

0.8%

spacing

Barwa

Real

Estate

Co.

29,622

23,234

Commercial

Bank

PSQC

43,709

52,787

Dukhan

Bank

24,654

26,137

Industries

Qatar

QSC

20,395

73,057

Masraf

Al

Rayan

QSC

81,698

55,471

Mesaieed

Petrochemical

Holding

Co.

75,941

33,985

Ooredoo

QPSC

10,885

35,038

Qatar

Electricity

&

Water

Co.

QSC

5,990

25,983

Qatar

Fuel

QSC

8,045

33,696

Qatar

Gas

Transport

Co.

Ltd.

37,387

44,661

Qatar

International

Islamic

Bank

QSC

13,304

40,157

Qatar

Islamic

Bank

QPSC

23,987

140,822

Qatar

National

Bank

QPSC

62,550

291,565

876,593

Romania

-

0.1%

spacing

NEPI

Rockcastle

NV

*

7,637

64,486

Russia

-

0.0%

spacing

Alrosa

PJSC

* ± Ω

104,260

–

Gazprom

PJSC

* ± Ω

58,020

–

Gazprom

PJSC

ADR

(LI)

* ± Ω

194,171

–

Gazprom

PJSC

ADR

(OTC)

* ± Ω

8,195

–

GMK

Norilskiy

Nickel

PAO

* ± Ω

29,800

–

Inter

RAO

UES

PJSC

* ± Ω

1,499,500

–

LUKOIL

PJSC

* ± Ω

2,583

–

LUKOIL

PJSC

ADR

(SEAQ)

* ± Ω

13,502

–

MMC

Norilsk

Nickel

PJSC

ADR

* ± Ω

21,092

–

Moscow

Exchange

MICEX-RTS

PJSC

* ± Ω

58,150

–

Novatek

PJSC

GDR

(LI)

* ~ ± Ω

3,114

31,141

Novatek

PJSC

GDR

(OTC)

* ~ ± Ω

437

4,370

Novolipetsk

Steel

PJSC

* ± Ω

4,620

–

Novolipetsk

Steel

PJSC

GDR

* ± Ω

5,165

–

Novolipetsk

Steel

PJSC

GDR

* ~ ± Ω

312

–

PhosAgro

PJSC

* ± Ω

34

–

PhosAgro

PJSC

GDR

(LI)

* ~ ± Ω

5,005

–

Polyus

PJSC

* ± Ω

241

–

Polyus

PJSC

GDR

* ~ ± Ω

262

–

Polyus

PJSC

ADR

* ± Ω

2,028

–

Rosneft

Oil

Co.

PJSC

* ± Ω

3,660

–

Rosneft

Oil

Co.

PJSC

GDR

* ~ ± Ω

41,896

–

317

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Sberbank

of

Russia

PJSC

* ± Ω

41,510

$

–

Sberbank

of

Russia

PJSC

ADR

(OTC)

* ± Ω

2,527

–

Sberbank

of

Russia

PJSC

ADR

(SEAQ)

* ± Ω

92,176

–

Severstal

PAO

* ± Ω

812

–

Severstal

PAO

GDR

* ~ ± Ω

7,476

–

Surgutneftegas

PJSC

ADR

(LI)

* ± Ω

49,470

–

Tatneft

PJSC

* ± Ω

9,037

–

Tatneft

PJSC

ADR

* ± Ω

7,942

–

United

Co.

RUSAL

International

PJSC

* ± Ω

114,970

–

VK

IPJSC

GDR

* ~ ± Ω

4,153

–

VTB

Bank

PJSC

* ± Ω

4,200

–

VTB

Bank

PJSC

GDR

* ~ ± Ω

57,906

–

35,511

Saudi

Arabia

-

3.8%

spacing

ACWA

Power

Co.

1,984

261,854

Ades

Holding

Co.

4,613

24,756

Advanced

Petrochemical

Co.

*

1,735

17,946

Al

Rajhi

Bank

26,546

618,609

Al

Rajhi

Co.

for

Co-operative

Insurance

*

542

27,761

Alinma

Bank

16,573

126,117

Almarai

Co.

JSC

3,406

50,141

Arab

National

Bank

12,149

61,935

Arabian

Internet

&

Communications

Services

Co.

329

24,758

Bank

Al-Jazira

*

6,904

31,643

Bank

AlBilad

8,282

87,194

Banque

Saudi

Fransi

7,966

68,547

Bupa

Arabia

for

Cooperative

Insurance

Co.

1,116

61,640

Co.

for

Cooperative

Insurance

995

39,261

Dallah

Healthcare

Co.

465

19,960

Dar

Al

Arkan

Real

Estate

Development

Co.

*

7,208

29,995

Dr.

Sulaiman

Al

Habib

Medical

Services

Group

Co.

1,184

93,612

Elm

Co.

325

100,896

Etihad

Etisalat

Co.

5,106

70,069

Jarir

Marketing

Co.

8,025

28,147

Mobile

Telecommunications

Co.

Saudi

Arabia

6,055

17,694

Mouwasat

Medical

Services

Co.

1,326

35,354

Nahdi

Medical

Co.

530

18,596

Power

&

Water

Utility

Co.

for

Jubail

&

Yanbu

1,017

16,341

Riyad

Bank

19,880

132,286

SABIC

Agri-Nutrients

Co.

3,148

99,752

Sahara

International

Petrochemical

Co.

4,829

37,798

SAL

Saudi

Logistics

Services

330

25,796

Saudi

Arabian

Mining

Co.

*

17,480

227,706

Saudi

Arabian

Oil

Co.

~

58,958

426,352

Saudi

Aramco

Base

Oil

Co.

689

24,393

Saudi

Awwal

Bank

13,614

126,002

Saudi

Basic

Industries

Corp.

12,176

243,104

Saudi

Electricity

Co.

11,229

49,920

Saudi

Industrial

Investment

Group

5,051

26,395

Saudi

Investment

Bank

8,372

29,139

Saudi

Kayan

Petrochemical

Co.

*

10,085

22,600

Saudi

National

Bank

39,812

365,373

Saudi

Research

&

Media

Group

*

486

37,328

Saudi

Tadawul

Group

Holding

Co.

649

39,306

Saudi

Telecom

Co.

27,093

315,724

Savola

Group

*

7,506

54,066

Yanbu

National

Petrochemical

Co.

3,765

42,878

4,258,744

a

Shares

Value

South

Africa

-

2.9%

spacing

Absa

Group

Ltd.

11,506

$

116,835

Anglo

American

Platinum

Ltd.

1,081

38,887

Aspen

Pharmacare

Holdings

Ltd.

5,134

57,944

Bid

Corp.

Ltd.

4,536

116,239

Bidvest

Group

Ltd.

4,596

77,920

Capitec

Bank

Holdings

Ltd.

1,180

207,931

Clicks

Group

Ltd.

3,217

73,914

Discovery

Ltd.

7,326

72,951

Exxaro

Resources

Ltd.

3,362

33,376

FirstRand

Ltd.

68,392

328,097

Gold

Fields

Ltd.

12,124

188,018

Harmony

Gold

Mining

Co.

Ltd.

7,684

78,865

Impala

Platinum

Holdings

Ltd.

*

12,249

68,652

Kumba

Iron

Ore

Ltd.

872

20,238

MTN

Group

Ltd.

22,973

122,102

Naspers

Ltd.

Class N 

2,415

585,668

Nedbank

Group

Ltd.

6,282

108,501

Northam

Platinum

Holdings

Ltd.

4,885

30,830

Old

Mutual

Ltd.

64,835

51,410

OUTsurance

Group

Ltd.

11,566

38,853

Pepkor

Holdings

Ltd.

~

32,247

44,924

Remgro

Ltd.

6,805

61,967

Sanlam

Ltd.

24,313

123,834

Sasol

Ltd.

7,819

52,515

Shoprite

Holdings

Ltd.

6,795

116,054

Sibanye

Stillwater

Ltd.

*

38,295

39,570

Standard

Bank

Group

Ltd.

18,134

253,947

Vodacom

Group

Ltd.

8,447

53,520

Woolworths

Holdings

Ltd.

12,678

49,978

3,213,540

South

Korea

-

10.0%

spacing

Alteogen,

Inc.

*

540

134,473

Amorepacific

Corp.

396

44,335

Celltrion

Pharm,

Inc.

*

258

13,543

Celltrion,

Inc.

2,057

306,272

CJ

CheilJedang

Corp.

114

26,438

CosmoAM&T

Co.

Ltd.

*

333

31,894

Coway

Co.

Ltd.

748

37,750

DB

Insurance

Co.

Ltd.

623

53,537

Doosan

Bobcat,

Inc.

759

23,470

Doosan

Enerbility

Co.

Ltd.

*

6,066

83,015

Ecopro

BM

Co.

Ltd.

*

661

92,686

Ecopro

Co.

Ltd.

*

1,350

90,984

Ecopro

Materials

Co.

Ltd.

*

233

24,061

Enchem

Co.

Ltd.

*

179

24,858

GS

Holdings

Corp.

626

20,279

Hana

Financial

Group,

Inc.

3,960

177,693

Hanjin

Kal

Corp.

315

19,702

Hankook

Tire

&

Technology

Co.

Ltd.

1,004

31,644

Hanmi

Pharm

Co.

Ltd.

86

21,142

Hanmi

Semiconductor

Co.

Ltd.

591

49,213

Hanwha

Aerospace

Co.

Ltd.

441

100,518

Hanwha

Ocean

Co.

Ltd.

*

1,243

28,906

Hanwha

Solutions

Corp.

1,510

29,917

HD

Hyundai

Co.

Ltd.

586

34,199

HD

Hyundai

Electric

Co.

Ltd.

317

79,757

HD

Hyundai

Heavy

Industries

Co.

Ltd.

*

300

42,183

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

*

575

82,131

HLB,

Inc.

*

1,595

103,713

HMM

Co.

Ltd.

3,542

50,156

318

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

HYBE

Co.

Ltd.

310

$

39,951

Hyundai

Engineering

&

Construction

Co.

Ltd.

1,043

24,277

Hyundai

Glovis

Co.

Ltd.

507

47,235

Hyundai

Mobis

Co.

Ltd.

818

135,474

Hyundai

Motor

Co.

1,844

343,431

Hyundai

Steel

Co.

1,165

24,788

Industrial

Bank

of

Korea

3,766

40,165

Kakao

Corp.

4,195

115,591

KakaoBank

Corp.

2,255

36,366

KB

Financial

Group,

Inc.

5,193

320,420

Kia

Corp.

3,247

247,245

Korea

Aerospace

Industries

Ltd.

991

39,495

Korea

Electric

Power

Corp.

*

3,472

54,263

Korea

Investment

Holdings

Co.

Ltd.

564

31,518

Korea

Zinc

Co.

Ltd.

113

59,191

Korean

Air

Lines

Co.

Ltd.

2,466

42,299

Krafton,

Inc.

*

389

101,195

KT

Corp.

410

12,548

KT&G

Corp.

1,410

116,894

Kum

Yang

Co.

Ltd.

*

522

20,906

Kumho

Petrochemical

Co.

Ltd.

230

27,632

L&F

Co.

Ltd.

*

351

30,394

LG

Chem

Ltd.

669

181,585

LG

Corp.

1,274

76,564

LG

Display

Co.

Ltd.

*

4,038

33,684

LG

Electronics,

Inc.

1,439

114,581

LG

Energy

Solution

Ltd.

*

633

199,700

LG

H&H

Co.

Ltd.

126

36,315

LG

Innotek

Co.

Ltd.

192

31,970

LG

Uplus

Corp.

2,898

21,686

Lotte

Chemical

Corp.

267

20,671

LS

Electric

Co.

Ltd.

203

25,361

Meritz

Financial

Group,

Inc.

1,291

95,475

Mirae

Asset

Securities

Co.

Ltd.

3,299

21,186

NAVER

Corp.

1,758

226,439

NCSoft

Corp.

196

28,512

Netmarble

Corp.

* ~

408

18,438

NH

Investment

&

Securities

Co.

Ltd.

1,763

18,047

Orion

Corp.

327

24,269

Posco

DX

Co.

Ltd.

735

17,149

POSCO

Future

M

Co.

Ltd.

419

79,851

POSCO

Holdings,

Inc.

973

285,644

Posco

International

Corp.

714

31,127

S-Oil

Corp.

618

28,997

Samsung

Biologics

Co.

Ltd.

* ~

241

179,257

Samsung

C&T

Corp.

1,203

126,003

Samsung

E&A

Co.

Ltd.

*

2,116

35,507

Samsung

Electro-Mechanics

Co.

Ltd.

757

76,528

Samsung

Electronics

Co.

Ltd.

64,757

3,026,663

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.

417

110,212

Samsung

Heavy

Industries

Co.

Ltd.

*

8,932

68,520

Samsung

Life

Insurance

Co.

Ltd.

1,083

77,348

Samsung

SDI

Co.

Ltd.

745

215,108

Samsung

SDS

Co.

Ltd.

575

67,711

Shinhan

Financial

Group

Co.

Ltd.

5,865

248,749

SK

Biopharmaceuticals

Co.

Ltd.

*

423

33,511

SK

Bioscience

Co.

Ltd.

*

364

15,388

SK

Hynix,

Inc.

7,395

989,723

SK

Innovation

Co.

Ltd.

*

842

75,422

SK

Square

Co.

Ltd.

*

1,277

78,833

SK

Telecom

Co.

Ltd.

726

30,917

SK,

Inc.

490

57,299

SKC

Co.

Ltd.

*

262

28,803

a

Shares

Value

Woori

Financial

Group,

Inc.

8,546

$

100,887

Yuhan

Corp.

763

83,222

11,112,609

Taiwan

-

17.6%

spacing

Accton

Technology

Corp.

7,000

117,122

Acer,

Inc.

39,000

50,198

Advantech

Co.

Ltd.

5,898

59,760

Alchip

Technologies

Ltd.

1,000

62,329

ASE

Technology

Holding

Co.

Ltd.

45,000

213,413

Asia

Cement

Corp.

31,000

46,664

Asia

Vital

Components

Co.

Ltd.

*

4,000

74,108

Asustek

Computer,

Inc.

10,000

173,724

AUO

Corp.

*

88,400

47,409

Catcher

Technology

Co.

Ltd.

8,000

59,711

Cathay

Financial

Holding

Co.

Ltd.

129,202

271,291

Chailease

Holding

Co.

Ltd.

20,454

105,204

Chang

Hwa

Commercial

Bank

Ltd.

83,516

47,207

Cheng

Shin

Rubber

Industry

Co.

Ltd.

24,000

39,179

China

Airlines

Ltd.

40,000

27,141

China

Steel

Corp.

160,000

116,692

Chunghwa

Telecom

Co.

Ltd.

52,000

205,827

Compal

Electronics,

Inc.

*

57,000

59,813

CTBC

Financial

Holding

Co.

Ltd.

213,000

231,866

Delta

Electronics,

Inc.

26,000

310,208

E

Ink

Holdings,

Inc.

12,000

111,238

E.Sun

Financial

Holding

Co.

Ltd.

194,927

172,416

Eclat

Textile

Co.

Ltd.

3,000

51,481

eMemory

Technology,

Inc.

1,000

82,304

Eva

Airways

Corp.

37,000

43,800

Evergreen

Marine

Corp.

Taiwan

Ltd.

14,000

88,975

Far

Eastern

New

Century

Corp.

40,000

48,262

Far

EasTone

Telecommunications

Co.

Ltd.

*

24,000

68,687

Feng

TAY

Enterprise

Co.

Ltd.

7,080

34,595

First

Financial

Holding

Co.

Ltd.

152,192

131,700

Formosa

Chemicals

&

Fibre

Corp.

47,000

64,383

Formosa

Plastics

Corp.

52,000

87,655

Fortune

Electric

Co.

Ltd.

2,200

43,612

Fubon

Financial

Holding

Co.

Ltd.

111,072

316,218

Gigabyte

Technology

Co.

Ltd.

7,000

57,087

Global

Unichip

Corp.

1,000

34,328

Globalwafers

Co.

Ltd.

4,000

57,340

Hon

Hai

Precision

Industry

Co.

Ltd.

169,000

995,048

Hotai

Motor

Co.

Ltd.

4,120

91,653

Hua

Nan

Financial

Holdings

Co.

Ltd.

121,539

98,612

Innolux

Corp.

103,063

52,449

Inventec

Corp.

36,000

48,917

KGI

Financial

Holding

Co.

Ltd.

216,214

112,593

Largan

Precision

Co.

Ltd.

1,000

80,162

Lite-On

Technology

Corp.

29,000

91,010

MediaTek,

Inc.

21,000

773,966

Mega

Financial

Holding

Co.

Ltd.

161,194

200,104

Micro-Star

International

Co.

Ltd.

10,000

54,668

Nan

Ya

Plastics

Corp.

70,000

101,473

Nanya

Technology

Corp.

*

17,000

25,407

Nien

Made

Enterprise

Co.

Ltd.

2,000

32,023

Novatek

Microelectronics

Corp.

8,000

130,251

Pegatron

Corp.

27,000

87,605

PharmaEssentia

Corp.

*

3,000

60,075

Pou

Chen

Corp.

30,000

34,128

President

Chain

Store

Corp.

8,000

74,407

Quanta

Computer,

Inc.

37,000

308,367

Realtek

Semiconductor

Corp.

*

7,000

103,898

Ruentex

Development

Co.

Ltd.

20,900

32,235

319

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Shanghai

Commercial

&

Savings

Bank

Ltd.

52,178

$

63,502

Shin

Kong

Financial

Holding

Co.

Ltd.

*

192,812

72,870

SinoPac

Financial

Holdings

Co.

Ltd.

146,207

111,995

Synnex

Technology

International

Corp.

17,000

38,744

Taishin

Financial

Holding

Co.

Ltd.

157,919

91,659

Taiwan

Business

Bank

93,408

46,994

Taiwan

Cooperative

Financial

Holding

Co.

Ltd.

144,313

117,916

Taiwan

High

Speed

Rail

Corp.

27,000

25,183

Taiwan

Mobile

Co.

Ltd.

*

25,000

90,829

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

334,000

10,071,478

TCC

Group

Holdings

Co.

Ltd.

92,493

98,548

Uni-President

Enterprises

Corp.

65,000

177,848

Unimicron

Technology

Corp.

19,000

86,278

United

Microelectronics

Corp.

153,000

257,876

Vanguard

International

Semiconductor

Corp.

12,000

39,216

Voltronic

Power

Technology

Corp.

*

1,000

63,919

Walsin

Lihwa

Corp.

37,727

41,646

Wan

Hai

Lines

Ltd.

9,500

29,331

Winbond

Electronics

Corp.

*

45,771

30,803

Wistron

Corp.

37,000

118,004

Wiwynn

Corp.

1,000

54,200

WPG

Holdings

Ltd.

22,000

52,055

Yageo

Corp.

5,461

107,500

Yang

Ming

Marine

Transport

Corp.

24,000

52,247

Yuanta

Financial

Holding

Co.

Ltd.

140,589

140,547

Zhen

Ding

Technology

Holding

Ltd.

9,000

32,107

19,515,293

Thailand

-

1.5%

spacing

Advanced

Info

Service

PCL

16,400

132,336

Airports

of

Thailand

PCL

58,700

116,372

Bangkok

Dusit

Medical

Services

PCL

153,400

142,482

Bangkok

Expressway

&

Metro

PCL

104,600

26,507

Bumrungrad

Hospital

PCL

7,000

58,190

Central

Pattana

PCL

27,600

57,105

Central

Retail

Corp.

PCL

25,000

23,927

Charoen

Pokphand

Foods

PCL

52,400

38,848

CP

ALL

PCL

80,700

163,563

CP

Axtra

PCL

±

29,300

29,546

Delta

Electronics

Thailand

PCL

1,500

4,955

Delta

Electronics

Thailand

PCL

NVDR

41,600

137,411

Gulf

Energy

Development

PCL

40,100

70,580

Home

Product

Center

PCL

82,000

26,347

Intouch

Holdings

PCL

13,300

38,114

JMT

Network

Services

PCL

100

56

Kasikornbank

PCL

NVDR

8,200

38,178

Krung

Thai

Bank

PCL

48,300

30,800

Krungthai

Card

PCL

12,100

18,231

Minor

International

PCL

47,190

41,302

PTT

Exploration

&

Production

PCL

19,100

77,905

PTT

Global

Chemical

PCL

31,200

28,843

PTT

Oil

&

Retail

Business

PCL

41,400

22,525

PTT

PCL

137,700

145,143

SCB

X

PCL

5,850

19,817

SCB

X

PCL

NVDR

5,800

19,597

SCG

Packaging

PCL

17,600

15,779

Siam

Cement

PCL

10,600

78,957

Thai

Oil

PCL

16,983

27,099

Thai

Union

Group

PCL

700

317

TMBThanachart

Bank

PCL

336,100

20,492

True

Corp.

PCL

*

129,974

45,135

1,696,459

a

Shares

Value

Turkey

-

0.6%

spacing

Akbank

TAS

42,211

$

76,035

Anadolu

Efes

Biracilik

Ve

Malt

Sanayii

AS

2,796

16,049

Aselsan

Elektronik

Sanayi

Ve

Ticaret

AS

18,800

32,465

BIM

Birlesik

Magazalar

AS

6,159

89,375

Coca-Cola

Icecek

AS

11,517

19,196

Eregli

Demir

ve

Celik

Fabrikalari

TAS

18,871

29,523

Ford

Otomotiv

Sanayi

AS

966

25,931

Haci

Omer

Sabanci

Holding

AS

14,129

40,221

KOC

Holding

AS

10,260

56,464

Pegasus

Hava

Tasimaciligi

AS

*

3,102

21,626

Sasa

Polyester

Sanayi

AS

*

146,296

18,395

Tofas

Turk

Otomobil

Fabrikasi

AS

1,711

10,764

Turk

Hava

Yollari

AO

*

7,411

61,646

Turkcell

Iletisim

Hizmetleri

AS

16,341

45,497

Turkiye

Is

Bankasi

AS

Class C 

118,347

48,504

Turkiye

Petrol

Rafinerileri

AS

12,971

58,867

Turkiye

Sise

ve

Cam

Fabrikalari

AS

18,929

23,822

Yapi

ve

Kredi

Bankasi

AS

45,678

41,212

715,592

United

Arab

Emirates

-

1.2%

spacing

Abu

Dhabi

Commercial

Bank

PJSC

39,550

90,662

Abu

Dhabi

Islamic

Bank

PJSC

19,649

68,046

Abu

Dhabi

National

Oil

Co.

for

Distribution

PJSC

42,758

42,101

ADNOC

Drilling

Co.

PJSC

43,184

55,610

Aldar

Properties

PJSC

52,192

106,778

Americana

Restaurants

International

PLC

-

Foreign

Co.

40,625

29,320

Dubai

Islamic

Bank

PJSC

39,113

67,102

Emaar

Properties

PJSC

89,811

213,085

Emirates

NBD

Bank

PJSC

25,649

141,755

Emirates

Telecommunications

Group

Co.

PJSC

47,124

237,349

First

Abu

Dhabi

Bank

PJSC

59,815

223,638

Multiply

Group

PJSC

*

45,307

29,115

1,304,561

United

Kingdom

-

0.1%

spacing

Anglogold

Ashanti

PLC

5,686

151,217

United

States

-

0.1%

spacing

JBS

SA

10,500

60,964

Legend

Biotech

Corp.

ADR

*

984

47,951

108,915

Total

Common

Stocks

    (Cost

$103,075,841)

109,154,528

Principal

Amount

SHORT-TERM

INVESTMENTS

-

0.5%

Repurchase

Agreements

-

0.5%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$516,125;

collateralized

by

U.S.

Treasury

Obligations:

4.500%

due

11/15/33

and

value

$526,544)

$

516,061

516,061

320

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

investments with

a

total

aggregate

value

of

$35,511

or less

than

0.1%

of

the

Fund’s

net

assets were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

(b)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

a

Principal

Amount

Value

U.S.

Treasury

Bills

-

0.0%

4.728%

due

11/21/24 ‡

$

61,000

$

60,601

Total

Short-Term

Investments

(Cost

$576,628)

576,662

TOTAL

INVESTMENTS

-

100.6%

(Cost

$105,636,610)

111,765,568

DERIVATIVES

-

0.0%

52,219

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.7%)

(

752,598

)

NET

ASSETS

-

100.0%

$

111,065,189

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

ICE

U.S.

MSCI

Emerging

Markets

Index

12/24

15

$

827,306

$

879,525

$

52,219

a

321

PACIFIC

SELECT

FUND

PD

EMERGING

MARKETS

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

(c)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Preferred

Stocks

Brazil

$

1,353,903

$

1,353,903

$

–

$

–

Chile

80,110

–

80,110

–

Colombia

46,306

46,306

–

–

South

Korea

554,059

–

554,059

–

Total

Preferred

Stocks

2,034,378

1,400,209

634,169

–

Common

Stocks

Brazil

4,009,950

4,009,950

–

–

Chile

379,146

137,188

241,958

–

China

30,328,020

2,550,474

27,737,688

39,858

Colombia

56,076

56,076

–

–

Czech

Republic

137,192

101,128

36,064

–

Egypt

78,810

78,810

–

–

Greece

511,394

44,166

467,228

–

Hong

Kong

87,160

–

87,160

–

Hungary

258,348

58,535

199,813

–

India

21,868,290

111,469

21,756,821

–

Indonesia

1,845,997

739,731

1,106,266

–

Kuwait

766,117

26,095

740,022

–

Luxembourg

51,272

51,272

–

–

Malaysia

1,690,444

130,478

1,559,966

–

Mexico

2,235,054

2,235,054

–

–

Peru

196,699

196,699

–

–

Philippines

640,703

48,118

592,585

–

Poland

960,336

60,409

899,927

–

Qatar

876,593

135,028

741,565

–

Romania

64,486

64,486

–

–

Russia

35,511

–

–

35,511

Saudi

Arabia

4,258,744

398,356

3,860,388

–

South

Africa

3,213,540

1,125,595

2,087,945

–

South

Korea

11,112,609

–

11,112,609

–

Taiwan

19,515,293

–

19,515,293

–

Thailand

1,696,459

–

1,666,913

29,546

Turkey

715,592

414,007

301,585

–

United

Arab

Emirates

1,304,561

502,760

801,801

–

United

Kingdom

151,217

–

151,217

–

United

States

108,915

108,915

–

–

Total

Common

Stocks

109,154,528

13,384,799

95,664,814

104,915

Short-Term

Investments

576,662

–

576,662

–

Derivatives:

Equity

Contracts

Futures

52,219

52,219

–

–

Total

$

111,817,787

$

14,837,227

$

96,875,645

$

104,915

PACIFIC

SELECT

FUND

PD

INTERNATIONAL

LARGE-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

September

30,

2024

(Unaudited)

322

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

WARRANTS

-

0.0%

Canada

-

0.0%

Constellation

Software,

Inc.

Exercise

@

$1.00

Exp 03/31/40

*

828

$

–

Total

Warrants

    (Cost

$0)

–

PREFERRED

STOCKS

-

0.4%

Germany

-

0.4%

spacing

Bayerische

Motoren

Werke

AG

2,727

226,306

Dr.

Ing

hc

F

Porsche

AG

~

5,270

421,147

Henkel

AG

&

Co.

KGaA

7,834

736,394

Sartorius

AG

1,213

341,070

Volkswagen

AG

9,544

1,013,692

2,738,609

Total

Preferred

Stocks

    (Cost

$3,723,628)

2,738,609

COMMON

STOCKS

-

98.4%

Australia

-

6.3%

spacing

ANZ

Group

Holdings

Ltd.

139,272

2,926,929

Aristocrat

Leisure

Ltd.

26,288

1,061,365

BHP

Group

Ltd.

234,724

7,287,277

Commonwealth

Bank

of

Australia

77,458

7,224,956

Fortescue

Ltd.

78,376

1,105,461

Glencore

PLC

*

479,979

2,748,672

Goodman

Group

REIT

79,109

2,017,992

Macquarie

Group

Ltd.

16,797

2,687,715

National

Australia

Bank

Ltd.

143,156

3,706,352

Rio

Tinto

Ltd.

17,181

1,519,581

Rio

Tinto

PLC

52,176

3,703,849

Telstra

Group

Ltd.

187,169

500,963

Transurban

Group

>>

143,114

1,293,047

Wesfarmers

Ltd.

52,521

2,550,465

Westpac

Banking

Corp.

160,257

3,502,016

Woodside

Energy

Group

Ltd.

87,879

1,514,792

Woolworths

Group

Ltd.

56,538

1,299,201

46,650,633

Austria

-

0.0%

spacing

Verbund

AG

3,152

260,790

Belgium

-

0.6%

spacing

Anheuser-Busch

InBev

SA

41,589

2,755,985

KBC

Group

NV

10,623

845,145

UCB

SA

5,851

1,056,204

4,657,334

Brazil

-

0.2%

spacing

Wheaton

Precious

Metals

Corp.

20,981

1,281,401

Canada

-

11.0%

spacing

Agnico

Eagle

Mines

Ltd.

23,174

1,866,840

Alimentation

Couche-Tard,

Inc.

35,422

1,958,300

Bank

of

Montreal

33,752

3,045,653

Bank

of

Nova

Scotia

56,908

3,100,706

Barrick

Gold

Corp.

(0R22

LI)

13,874

275,310

Barrick

Gold

Corp.

(ABX

CN)

67,398

1,340,535

a

Shares

Value

BCE,

Inc.

3,378

$

117,441

Brookfield

Corp.

62,996

3,345,782

Canadian

Imperial

Bank

of

Commerce

43,647

2,677,330

Canadian

National

Railway

Co.

24,879

2,913,296

Canadian

Natural

Resources

Ltd.

(TSE)

98,484

3,270,299

Canadian

Pacific

Kansas

City

Ltd.

43,168

3,691,998

Cenovus

Energy,

Inc.

64,445

1,077,856

CGI,

Inc.

*

9,431

1,085,180

Constellation

Software,

Inc.

932

3,032,127

Dollarama,

Inc.

13,134

1,345,399

Enbridge,

Inc.

100,776

4,093,780

Fairfax

Financial

Holdings

Ltd.

959

1,210,881

Fortis,

Inc.

23,048

1,047,210

Franco-Nevada

Corp.

8,900

1,105,418

George

Weston

Ltd.

2,760

463,248

Great-West

Lifeco,

Inc.

12,943

441,370

Hydro

One

Ltd.

~

15,259

528,923

Imperial

Oil

Ltd.

8,680

610,671

Intact

Financial

Corp.

8,255

1,585,141

Loblaw

Cos.

Ltd.

7,080

942,709

Manulife

Financial

Corp.

82,590

2,440,846

National

Bank

of

Canada

15,698

1,482,689

Nutrien

Ltd.

22,893

1,100,089

Pembina

Pipeline

Corp.

26,822

1,105,643

Power

Corp.

of

Canada

26,111

823,613

Restaurant

Brands

International,

Inc.

13,911

1,003,789

Rogers

Communications,

Inc.

Class B 

16,527

664,526

Royal

Bank

of

Canada

65,493

8,174,216

Shopify,

Inc.

Class A *

55,975

4,484,374

Sun

Life

Financial,

Inc.

26,770

1,552,816

Suncor

Energy,

Inc.

59,054

2,179,730

TC

Energy

Corp.

48,018

2,282,581

Teck

Resources

Ltd.

Class B 

21,298

1,112,419

TELUS

Corp.

*

1,731

29,041

TELUS

Corp.

20,819

349,280

Thomson

Reuters

Corp.

7,284

1,242,446

Toronto-Dominion

Bank

80,873

5,113,874

81,315,375

China

-

0.5%

spacing

BOC

Hong

Kong

Holdings

Ltd.

171,506

543,375

Prosus

NV

*

65,609

2,867,260

3,410,635

Denmark

-

3.3%

spacing

AP

Moller

-

Maersk

AS

Class A 

135

218,795

AP

Moller

-

Maersk

AS

Class B 

211

355,068

Carlsberg

AS

Class B 

4,421

526,437

Coloplast

AS

Class B 

5,837

760,827

DSV

AS

7,924

1,630,839

Genmab

AS

*

2,908

704,997

Novo

Nordisk

AS

Class B 

149,059

17,680,115

Novonesis

(Novozymes)

B

Class B 

16,309

1,174,173

Orsted

AS

* ~

8,755

579,864

Vestas

Wind

Systems

AS

*

46,739

1,028,430

24,659,545

Finland

-

0.6%

spacing

Kone

OYJ

Class B 

15,731

941,052

Nokia

OYJ

(OMXH)

246,817

1,077,644

Nordea

Bank

Abp

146,023

1,723,835

Sampo

OYJ

Class A 

23,250

1,084,388

4,826,919

323

PACIFIC

SELECT

FUND

PD

INTERNATIONAL

LARGE-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

France

-

9.3%

spacing

Air

Liquide

SA

26,757

$

5,167,044

Airbus

SE

27,502

4,025,089

AXA

SA

84,105

3,237,775

BNP

Paribas

SA

47,103

3,232,285

Capgemini

SE

7,190

1,552,325

Cie

de

Saint-Gobain

SA

20,994

1,914,704

Cie

Generale

des

Etablissements

Michelin

SCA

31,436

1,276,719

Credit

Agricole

SA

49,016

749,595

Danone

SA

29,879

2,176,370

Dassault

Systemes

SE

30,973

1,230,271

Engie

SA

84,533

1,461,760

EssilorLuxottica

SA

13,758

3,259,603

Hermes

International

SCA

1,466

3,609,810

Kering

SA

3,445

991,650

Legrand

SA

12,137

1,398,253

L'Oreal

SA

11,137

4,995,352

LVMH

Moet

Hennessy

Louis

Vuitton

SE

12,731

9,763,092

Orange

SA

86,180

987,011

Pernod

Ricard

SA

9,380

1,419,122

Safran

SA

15,820

3,722,807

Sartorius

Stedim

Biotech

1,351

282,870

Societe

Generale

SA

33,448

833,499

Thales

SA

4,378

695,800

TotalEnergies

SE

99,874

6,485,346

Veolia

Environnement

SA

31,928

1,051,174

Vinci

SA

23,152

2,706,388

68,225,714

Germany

-

7.8%

spacing

adidas

AG

7,498

1,986,868

Allianz

SE

18,130

5,963,300

BASF

SE

41,308

2,189,441

Bayer

AG

45,469

1,538,294

Bayerische

Motoren

Werke

AG

14,759

1,305,234

Beiersdorf

AG

4,593

691,337

Daimler

Truck

Holding

AG

22,853

858,069

Deutsche

Bank

AG

87,704

1,518,302

Deutsche

Boerse

AG

8,794

2,064,555

Deutsche

Post

AG

47,208

2,105,791

Deutsche

Telekom

AG

161,550

4,744,598

E.ON

SE

103,910

1,547,421

Hannover

Rueck

SE

2,791

796,717

Henkel

AG

&

Co.

KGaA

4,810

408,909

Infineon

Technologies

AG

60,441

2,121,956

Mercedes-Benz

Group

AG

34,660

2,245,938

Merck

KGaA

5,982

1,056,006

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

6,191

3,411,514

RWE

AG

29,263

1,066,133

SAP

SE

48,330

11,054,642

Siemens

AG

35,175

7,116,179

Siemens

Healthineers

AG

~

13,052

783,911

Vonovia

SE

34,275

1,251,261

57,826,376

Hong

Kong

-

1.5%

spacing

AIA

Group

Ltd.

515,665

4,503,229

CLP

Holdings

Ltd.

75,996

664,388

Hang

Seng

Bank

Ltd.

35,024

435,774

Hong

Kong

Exchanges

&

Clearing

Ltd.

55,715

2,275,977

MTR

Corp.

Ltd.

71,823

268,488

a

Shares

Value

Prudential

PLC

126,957

$

1,177,811

Sun

Hung

Kai

Properties

Ltd.

66,996

725,892

Techtronic

Industries

Co.

Ltd.

63,498

947,925

10,999,484

Israel

-

0.1%

spacing

Check

Point

Software

Technologies

Ltd.

*

4,110

792,449

Italy

-

2.0%

spacing

Enel

SpA

376,432

3,006,862

Eni

SpA

106,410

1,619,297

Ferrari

NV

5,834

2,733,816

Generali

47,206

1,366,268

Intesa

Sanpaolo

SpA

676,940

2,897,773

Snam

SpA

93,330

475,399

UniCredit

SpA

68,187

2,993,518

15,092,933

Japan

-

18.7%

spacing

Advantest

Corp.

35,500

1,669,609

Aeon

Co.

Ltd.

30,300

822,957

Ajinomoto

Co.,

Inc.

21,500

832,091

Asahi

Group

Holdings

Ltd.

66,900

876,855

Astellas

Pharma,

Inc.

83,800

968,507

Bridgestone

Corp.

26,400

1,019,512

Canon,

Inc.

43,200

1,422,804

Central

Japan

Railway

Co.

35,800

826,624

Chugai

Pharmaceutical

Co.

Ltd.

31,100

1,507,451

Dai-ichi

Life

Holdings,

Inc.

41,900

1,087,194

Daiichi

Sankyo

Co.

Ltd.

85,600

2,827,567

Daikin

Industries

Ltd.

12,200

1,712,404

Daiwa

House

Industry

Co.

Ltd.

25,900

815,228

Denso

Corp.

87,500

1,315,246

Disco

Corp.

4,300

1,132,739

East

Japan

Railway

Co.

42,000

833,531

FANUC

Corp.

43,800

1,286,424

Fast

Retailing

Co.

Ltd.

8,800

2,919,815

FUJIFILM

Holdings

Corp.

51,800

1,340,943

Fujitsu

Ltd.

76,700

1,576,907

Hitachi

Ltd.

214,600

5,690,618

Honda

Motor

Co.

Ltd.

207,700

2,217,476

Hoya

Corp.

16,200

2,243,757

ITOCHU

Corp.

55,000

2,964,228

Japan

Post

Bank

Co.

Ltd.

67,000

628,946

Japan

Post

Holdings

Co.

Ltd.

89,000

853,434

Japan

Tobacco,

Inc.

55,500

1,618,310

Kao

Corp.

21,600

1,067,615

KDDI

Corp.

71,000

2,274,662

Keyence

Corp.

9,000

4,313,358

Komatsu

Ltd.

42,800

1,198,173

Kubota

Corp.

46,300

661,091

Kyocera

Corp.

59,400

694,220

LY

Corp.

123,700

360,560

Marubeni

Corp.

65,900

1,088,789

Mitsubishi

Corp.

154,700

3,214,643

Mitsubishi

Electric

Corp.

88,000

1,427,442

Mitsubishi

Estate

Co.

Ltd.

53,000

837,097

Mitsubishi

Heavy

Industries

Ltd.

148,300

2,216,193

Mitsubishi

UFJ

Financial

Group,

Inc.

513,900

5,277,029

Mitsui

&

Co.

Ltd.

119,100

2,663,556

Mitsui

Fudosan

Co.

Ltd.

123,600

1,164,665

Mizuho

Financial

Group,

Inc.

111,600

2,306,865

MS&AD

Insurance

Group

Holdings,

Inc.

59,500

1,398,499

324

PACIFIC

SELECT

FUND

PD

INTERNATIONAL

LARGE-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Murata

Manufacturing

Co.

Ltd.

78,300

$

1,549,456

NIDEC

Corp.

38,600

812,649

Nintendo

Co.

Ltd.

48,100

2,571,011

Nippon

Telegraph

&

Telephone

Corp.

1,383,000

1,417,830

Nomura

Research

Institute

Ltd.

17,500

649,454

NTT

Data

Group

Corp.

29,200

525,533

Olympus

Corp.

54,500

1,036,007

Oriental

Land

Co.

Ltd.

50,500

1,306,302

ORIX

Corp.

53,400

1,249,498

Otsuka

Holdings

Co.

Ltd.

19,400

1,101,902

Panasonic

Holdings

Corp.

107,900

947,875

Recruit

Holdings

Co.

Ltd.

68,700

4,173,689

Renesas

Electronics

Corp.

77,900

1,130,536

Sekisui

House

Ltd.

27,600

766,333

Seven

&

i

Holdings

Co.

Ltd.

102,500

1,543,409

Shin-Etsu

Chemical

Co.

Ltd.

83,400

3,485,318

SMC

Corp.

2,700

1,207,495

SoftBank

Corp.

1,322,000

1,725,990

SoftBank

Group

Corp.

47,600

2,823,453

Sompo

Holdings,

Inc.

43,600

982,778

Sony

Group

Corp.

289,000

5,614,571

Sumitomo

Corp.

48,100

1,080,136

Sumitomo

Mitsui

Financial

Group,

Inc.

173,700

3,711,380

Suzuki

Motor

Corp.

72,700

818,594

Takeda

Pharmaceutical

Co.

Ltd.

73,600

2,120,679

Terumo

Corp.

62,100

1,176,453

Tokio

Marine

Holdings,

Inc.

87,000

3,208,075

Tokyo

Electron

Ltd.

20,700

3,691,548

Toyota

Industries

Corp.

6,800

527,289

Toyota

Motor

Corp.

475,200

8,541,250

Toyota

Tsusho

Corp.

29,500

539,369

Unicharm

Corp.

18,700

673,682

137,885,178

Luxembourg

-

0.1%

spacing

ArcelorMittal

SA

21,709

568,442

Macau

-

0.1%

spacing

Galaxy

Entertainment

Group

Ltd.

100,955

498,535

Netherlands

-

4.1%

spacing

Adyen

NV

* ~

1,006

1,575,012

Argenx

SE

*

2,751

1,487,438

ASM

International

NV

2,173

1,433,657

ASML

Holding

NV

18,494

15,384,416

Heineken

Holding

NV

5,999

453,229

Heineken

NV

13,329

1,183,217

ING

Groep

NV

152,889

2,773,865

Koninklijke

Ahold

Delhaize

NV

43,359

1,497,664

Koninklijke

Philips

NV

*

36,977

1,212,313

Universal

Music

Group

NV

38,098

996,690

Wolters

Kluwer

NV

11,553

1,948,663

29,946,164

Norway

-

0.3%

spacing

Aker

BP

ASA

14,626

313,041

DNB

Bank

ASA

41,447

849,955

Equinor

ASA

38,777

981,006

2,144,002

Portugal

-

0.1%

spacing

EDP

SA

145,236

662,391

a

Shares

Value

Singapore

-

1.3%

spacing

DBS

Group

Holdings

Ltd.

92,209

$

2,730,706

Oversea-Chinese

Banking

Corp.

Ltd.

156,757

1,834,993

Sea

Ltd.

ADR

*

17,132

1,615,205

Singapore

Telecommunications

Ltd.

344,000

864,957

STMicroelectronics

NV

31,337

935,859

United

Overseas

Bank

Ltd.

58,500

1,460,275

9,441,995

South

Africa

-

0.3%

spacing

Anglo

American

PLC

58,811

1,911,693

Spain

-

2.7%

spacing

Aena

SME

SA

~

3,471

762,493

Amadeus

IT

Group

SA

20,850

1,510,009

Banco

Bilbao

Vizcaya

Argentaria

SA

266,740

2,881,395

Banco

Santander

SA

717,115

3,674,397

CaixaBank

SA

(SIBE)

168,193

1,003,766

Cellnex

Telecom

SA

~

24,523

994,230

EDP

Renovaveis

SA

14,438

251,926

Endesa

SA

14,701

321,170

Iberdrola

SA

282,670

4,369,830

Industria

de

Diseno

Textil

SA

50,486

2,990,104

Telefonica

SA

183,701

898,681

19,658,001

Sweden

-

2.6%

spacing

Assa

Abloy

AB

Class B 

46,389

1,562,841

Atlas

Copco

AB

Class A 

124,318

2,409,333

Atlas

Copco

AB

Class B 

72,241

1,239,500

Epiroc

AB

Class A 

30,501

660,635

Epiroc

AB

Class B 

18,049

342,259

EQT

AB

17,287

593,427

Essity

AB

Class B 

28,200

879,944

Evolution

AB

~

8,334

819,675

H

&

M

Hennes

&

Mauritz

AB

Class B 

26,217

446,517

Hexagon

AB

Class B 

96,091

1,035,003

Investor

AB

Class B 

80,108

2,468,625

Sandvik

AB

49,348

1,104,266

Skandinaviska

Enskilda

Banken

AB

Class A 

73,445

1,124,312

Svenska

Handelsbanken

AB

Class A 

67,507

693,428

Swedbank

AB

Class A 

39,294

834,041

Telefonaktiebolaget

LM

Ericsson

Class B 

128,395

970,210

Volvo

AB

Class A 

9,268

247,479

Volvo

AB

Class B 

73,518

1,944,712

19,376,207

Switzerland

-

5.6%

spacing

ABB

Ltd.

73,197

4,246,568

Chocoladefabriken

Lindt

&

Spruengli

AG

(LISN

SW)

5

636,852

Chocoladefabriken

Lindt

&

Spruengli

AG

(LISP

SW)

45

580,496

Cie

Financiere

Richemont

SA

Class A 

24,881

3,951,208

DSM-Firmenich

AG

8,607

1,187,828

Givaudan

SA

427

2,342,754

Kuehne

&

Nagel

International

AG

*

2,236

610,917

Lonza

Group

AG

*

3,343

2,121,411

Novartis

AG

91,220

10,503,280

Partners

Group

Holding

AG

1,050

1,583,059

Schindler

Holding

AG

(SCHN

SW)

1,087

309,151

Schindler

Holding

AG

(SCHP

SW)

1,884

552,962

325

PACIFIC

SELECT

FUND

PD

INTERNATIONAL

LARGE-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

a

Shares

Value

Sika

AG

7,056

$

2,338,821

Straumann

Holding

AG

*

5,166

845,030

Swisscom

AG

1,199

783,557

UBS

Group

AG

(XVTX)

152,223

4,710,395

Zurich

Insurance

Group

AG

6,774

4,092,577

41,396,866

United

Arab

Emirates

-

0.0%

spacing

NMC

Health

PLC

* ± Ω

4,009

–

United

Kingdom

-

9.7%

spacing

3i

Group

PLC

45,050

1,995,647

Ashtead

Group

PLC

20,239

1,568,134

Associated

British

Foods

PLC

15,535

485,510

AstraZeneca

PLC

71,750

11,177,675

BAE

Systems

PLC

140,244

2,328,341

Barclays

PLC

683,254

2,052,892

British

American

Tobacco

PLC

92,435

3,370,002

CK

Hutchison

Holdings

Ltd.

123,966

702,852

Coca-Cola

Europacific

Partners

PLC

9,556

752,535

Compass

Group

PLC

78,712

2,523,482

Diageo

PLC

102,893

3,594,041

HSBC

Holdings

PLC

857,067

7,688,763

Imperial

Brands

PLC

37,582

1,093,225

Legal

&

General

Group

PLC

275,701

835,590

Lloyds

Banking

Group

PLC

2,888,048

2,270,851

London

Stock

Exchange

Group

PLC

22,130

3,029,839

National

Grid

PLC

222,700

3,078,381

NatWest

Group

PLC

307,632

1,424,137

Reckitt

Benckiser

Group

PLC

32,306

1,976,617

RELX

PLC

86,416

4,080,245

Rolls-Royce

Holdings

PLC

*

393,629

2,785,905

SSE

PLC

51,698

1,303,017

Standard

Chartered

PLC

100,388

1,064,712

Tesco

PLC

320,550

1,539,059

Unilever

PLC

115,468

7,486,168

Vodafone

Group

PLC

1,045,989

1,048,287

71,255,907

United

States

-

9.6%

spacing

Alcon,

Inc.

23,127

2,314,555

BP

PLC

765,034

3,990,062

CSL

Ltd.

22,366

4,418,036

Experian

PLC

42,531

2,240,091

Ferrovial

SE

24,150

1,037,894

GSK

PLC

191,843

3,906,119

Haleon

PLC

338,133

1,769,281

Holcim

AG

*

24,123

2,362,434

Nestle

SA

121,260

12,185,710

Roche

Holding

AG

(RO

SW)

1,481

507,032

Roche

Holding

AG

(ROG

SW)

32,516

10,405,678

Sanofi

SA

52,749

6,073,475

Schneider

Electric

SE

25,307

6,671,119

Shell

PLC

291,646

9,461,500

Stellantis

NV

97,943

1,356,317

Swiss

Re

AG

13,960

1,931,777

70,631,080

Total

Common

Stocks

    (Cost

$600,721,497)

725,376,049

a

Principal

Amount

Value

SHORT-TERM

INVESTMENTS

-

0.3%

Repurchase

Agreements

-

0.2%

Fixed

Income

Clearing

Corp.

4.450%

due

10/01/24 

(Dated

09/30/24,

repurchase

price

of

$1,417,260;

collateralized

by

U.S.

Treasury

Obligations:

3.500%

due

09/30/26

and

value

$1,445,494)

$

1,417,085

$

1,417,085

U.S.

Treasury

Bills

-

0.1%

4.728%

due

11/21/24 ‡

568,000

564,284

Total

Short-Term

Investments

(Cost

$1,981,049)

1,981,369

TOTAL

INVESTMENTS

-

99.1%

(Cost

$606,426,174)

730,096,027

DERIVATIVES

-

0.0%

139,948

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.9%

6,448,593

NET

ASSETS

-

100.0%

$

736,684,568

326

PACIFIC

SELECT

FUND

PD

INTERNATIONAL

LARGE-CAP

INDEX

PORTFOLIO

Schedule

of

Investments

(Continued)

September

30,

2024

(Unaudited)

See

Supplemental

Notes

to

Schedules

of

Investments

Notes

to

Schedule

of

Investments

(a)

As

of

September

30,

2024,

open

futures

contracts

outstanding

were

as

follows:

(b)

Fair

Value

Measurements

As

of

September

30,

2024,

the

Fund’s

investments,

as

categorized

under

the

three-tier

hierarchy

of

inputs

used

in

valuing

the

Fund’s

assets

and

liabilities

were

as

follows:

Long

Futures

Outstanding

Expiration

Month

Number

of

Contracts

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

ICE

U.S.

MSCI

EAFE

Index

12/24

68

$

8,331,960

$

8,458,520

$

126,560

Montreal

Exchange

S&P/TSX

60

Index

12/24

4

841,002

854,390

13,388

Total

Futures

Contracts

$

139,948

Total

Value

at

September

30,

2024

Level

1

Quoted

Price

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Assets

Preferred

Stocks

$

2,738,609

$

–

$

2,738,609

$

–

Common

Stocks

Australia

46,650,633

–

46,650,633

–

Austria

260,790

–

260,790

–

Belgium

4,657,334

–

4,657,334

–

Brazil

1,281,401

1,281,401

–

–

Canada

81,315,375

81,040,065

275,310

–

China

3,410,635

2,867,260

543,375

–

Denmark

24,659,545

–

24,659,545

–

Finland

4,826,919

–

4,826,919

–

France

68,225,714

–

68,225,714

–

Germany

57,826,376

–

57,826,376

–

Hong

Kong

10,999,484

–

10,999,484

–

Israel

792,449

792,449

–

–

Italy

15,092,933

–

15,092,933

–

Japan

137,885,178

–

137,885,178

–

Luxembourg

568,442

–

568,442

–

Macau

498,535

–

498,535

–

Netherlands

29,946,164

1,497,664

28,448,500

–

Norway

2,144,002

–

2,144,002

–

Portugal

662,391

–

662,391

–

Singapore

9,441,995

1,615,205

7,826,790

–

South

Africa

1,911,693

–

1,911,693

–

Spain

19,658,001

–

19,658,001

–

Sweden

19,376,207

879,944

18,496,263

–

Switzerland

41,396,866

–

41,396,866

–

United

Kingdom

71,255,907

752,535

70,503,372

–

United

States

70,631,080

–

70,631,080

–

Total

Common

Stocks

725,376,049

90,726,523

634,649,526

–

Short-Term

Investments

1,981,369

–

1,981,369

–

Derivatives:

Equity

Contracts

Futures

139,948

139,948

–

–

Total

$

730,235,975

$

90,866,471

$

639,369,504

$

–

PACIFIC

SELECT

FUND

Schedule

of

Investments

(Continued)

Explanation

of

Symbols

and

Terms

September

30,

2024

(Unaudited)

327

See

Supplemental

Notes

to

Schedules

of

Investments

Notes:

For

debt

investments,

the

interest

rates

disclosed

in

the

Schedules

of

Investments

reflect

the

stated

coupon

rate

or

for

discounted

investments

or

zero

coupon

bonds,

the

yield-to-maturity.

The

sectors

and

countries

(based

on

country

of

risk)

listed

in

the

Schedules

of

Investments

are

obtained

from

a

third-party

source

that

is

not

affiliated

with

the

Trust

or

the

investment

adviser,

and

are

believed

to

be

reliable.

Sector

names,

country

names

and

weightings

could

be

different

if

obtained

from

another

source.

Explanation

of

Symbols:

#

Securities

purchased

on

a

when-issued

basis.

Rates

do

not

take

effect

until

settlement

date.

*

Non-income

producing

investments.

^

Investments

with

their

principal

amount

adjusted

for

inflation.

~

Securities

are

not

registered

under

the

Securities

Act

of

1933

(1933

Act).

These

securities

are

either

(1)

exempt

from

registration

pursuant

to

Rule

144A

of

the

1933

Act

and

may

only

be

sold

to

“qualified

institutional

buyers”,

or

(2)

the

securities

comply

with

Regulation

S

rules

governing

offers

and

sales

made

outside

the

United

States

without

registration

under

the

1933

Act

and

contain

certain

restrictions

as

to

public

resale.

‡

Investments

were

fully

or

partially

segregated

with

the

broker(s)/

custodian

as

collateral

for

delayed

delivery

securities,

futures

contracts,

forward

foreign

currency

contracts,

option

contracts

and/or

swap

agreements

as

of

September

30,

2024.

§

Variable

rate

investments.

The

rate

shown

is

based

on

the

latest

available

information

as

of

September

30,

2024.

Interest

rates

for

certain

securities

are

subject

to

interest

rate

caps

and

floors,

which

would

result

in

a

period

end

rate

being

more,

less,

or

equal

to

the

referenced

rate

plus

spread.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.

±

Investments

categorized

as

a

significant

unobservable

input

(Level

3).

>>

Stapled

security.

A

security

contractually

bound

to

one

or

more

other

securities

to

form

a

single

saleable

unit

which

cannot

be

sold

separately.

φ

All

or

a

portion

of

this

senior

loan

is

unfunded

as

of

September

30,

2024.

The

interest

rate

for

fully

unfunded

terms

loans

is

to

be

determined.

Ω

The

values

of

these

investments

were

determined

by

a

valuation

committee

established

under

the

Valuation

Policy.

The

Board

of

Trustees

(“Board”)

has

designated

Pacific

Life

Fund

Advisors

LLC

(“PLFA”)

as

its

“valuation

designee”

for

fair

valuation

determinations,

and

PLFA’s

Valuation

Oversight

Committee

values

the

Funds’

investments

in

accordance

with

the

Valuation

Policy.

Each

determination

was

made

in

good

faith

in

accordance

with

the

procedures

established

by

the

Board

and

the

provisions

of

the

Investment

Company

Act

of

1940.

∞

All

or

a

portion

of

this

senior

loan

position

has

not

settled.

Rates

do

not

take

effect

until

settlement

date.

Rates

shown,

if

any,

are

for

the

settled

portion.

∂

Issuer

filed

bankruptcy

and/or

is

in

default

as

of

September

30,

2024.

If

the

maturity

date

has

expired,

no

date

will

be

shown.

◊

Restricted

Securities.

These

securities

are

not

registered

and

may

not

be

sold

to

the

public.

There

are

legal

and/or

contractual

restrictions

on

resale.

The

Trust

does

not

have

the

right

to

demand

that

such

securities

be

registered.

The

values

of

these

securities

are

determined

by

valuations

provided

by

pricing

services,

brokers,

dealers,

market

makers,

or

in

good

faith

under

the

procedures

established

by

the

Board.

Counterparty

and

Exchange

Abbreviations:

BNP

BNP

Paribas

BOA

Bank

of

America

BRC

Barclays

CBOE

Chicago

Board

of

Options

Exchange

CIT

Citigroup

CME

Chicago

Mercantile

Exchange

DUB

Deutsche

Bank

EUX

Eurex

GSC

Goldman

Sachs

HSB

HSBC

ICE

Intercontinental

Exchange

Inc

JPM

JPMorgan

Chase

LCH

London

Clearing

House

MSC

Morgan

Stanley

SCB

Standard

Chartered

Bank

TDB

Toronto

Dominion

Bank

UBS

UBS

Reference

Rate

Abbreviations:

EURIBOR

Euro

Interbank

Offered

Rate

RFUCC

Refinitiv

Cash

Fallback

Rate

SOFR

Secured

Overnight

Financing

Rate

SONIA

Sterling

Overnight

Index

Average

US

FED

United

States

Federal

Reserve

Bank

Rate

UST

United

State

Treasury

Rate

Payment

Frequency

Abbreviations:

A

Annual

L

Lunar

M

Monthly

Q

Quarterly

S

Semiannual

Z

At

Maturity

Currency

Abbreviations:

AUD

Australia

Dollar

BRL

Brazil

Real

CAD

Canada

Dollar

CHF

Swiss

Franc

CNH

Renminbi

Offshore

(Hong

Kong)

DKK

Danish

Krone

DOP

Dominican

Peso

EGP

Egyptian

Pound

EUR

Euro

GBP

British

Pound

IDR

Indonesian

Rupiah

ILS

New

Israeli

Sheqel

INR

Indian

Rupee

JPY

Japanese

Yen

KRW

Korean

Won

MXN

Mexico

Peso

NOK

Norwegian

Krone

NZD

New

Zealand

Dollar

PEN

Peruvian

Nuevo

Sol

PLN

Polish

Zloty

SEK

Swedish

Krona

SGD

Singapore

dollar

THB

Thai

Baht

TRY

Turkish

Lira

TWD

Taiwan

Dollar

USD

United

States

Dollar

UYU

Uruguayan

Peso

ZAR

South

Africa

Rand

Other

Abbreviations:

ADR

American

Depositary

Receipt

GDR

Global

Depositary

Receipt

IO

Interest

Only

PIK

Payment-in

Kind

PO

Principal

Only

REIT

Real

Estate

Investment

Trust

SPAC

Special

Purpose

Acquisition

Company

328

PACIFIC

SELECT

FUND

SUPPLEMENTAL

NOTES

TO

SCHEDULES

OF

INVESTMENTS

September

30,

2024

(Unaudited)

1.

ORGANIZATION

Pacific

Select

Fund

(the

“Trust”)

is

registered

under

the

Investment

Company

Act

of

1940

(“1940

Act”),

as

amended,

as

a

diversified,

open-end,

investment

management

company.

The

Trust

was

organized

on

May

4,

1987

as

a

Massachusetts

business

trust

(the

“Massachusetts

Trust”),

and

was

reorganized

as

a

Delaware

statutory

trust

on

June

30,

2016.

In

connection

with

other

actions

taken

to

accomplish

the

reorganization,

the

Massachusetts

Trust,

as

sole

initial

shareholder

of

each

Fund

of

the

Trust,

approved

all

material

agreements

of

the

Trust,

including

the

investment

advisory

and

sub-advisory

agreements.

These

agreements

were

also

approved

by

the

initial

Trustees

of

the

Trust,

who

served

as

the

Trustees

of

the

Massachusetts

Trust

prior

to

the

reorganization.

Pacific

Life

Fund

Advisors

LLC

(“PLFA”

or

the

“Investment

Adviser”)

serves

as

investment

adviser

to

the

Trust.

The

Trust

is

comprised

of

separate

funds

(each

individually

a

“Fund”,

and

collectively

the

“Funds”).

2.

FAIR

VALUE

MEASUREMENTS

AND

DISCLOSURES

The

Trust

characterizes

its

investments

as

Level

1,

Level

2,

or

Level

3

based

upon

the

various

inputs

or

methodologies

used

to

value

the

investments.

Under

the

Valuation

Policy,

the

VOC

determines

the

level

in

which

each

investment

is

characterized.

The

VOC

includes

investment,

legal,

and

compliance

members

of

the

Trust’s

Investment

Adviser,

accounting

members

of

Pacific

Life

Insurance

Company,

and

the

Trust’s

Chief

Compliance

Officer

(“CCO”).

The

three-tier

hierarchy

of

inputs

is

summarized

in

the

three

broad

levels

listed

below:

Level

1

-

Quoted

prices

(unadjusted)

in

active

markets

for

identical

investments

Level

2

-

Significant

observable

market-based

inputs,

other

than

Level

1

quoted

prices,

or

unobservable

inputs

that

are

corroborated

by

market

data

Level

3

-

Significant

unobservable

inputs

that

are

not

corroborated

by

observable

market

data

The

VOC

reviews

the

Valuation

Policy

periodically

(at

least

annually)

to

determine

the

appropriateness

of

the

pricing

methodologies

used

to

value

each

Fund’s

investments.

The

VOC

also

periodically

evaluates

how

the

Trust’s

investments

are

characterized

within

the

three-tier

hierarchy

and

the

appropriateness

of

third

party

pricing

sources.

The

VOC

also

periodically

(at

least

annually)

conducts

back-testing

of

the

value

of

various

Level

2

and

Level

3

investments

to

evaluate

the

effectiveness

of

the

pricing

methodologies

including

the

unobservable

inputs

used

to

value

those

investments.

Such

back-testing

includes

comparing

Level

2

and

Level

3

investment

values

to

subsequently

available

exchange-traded

prices,

transaction

prices,

and/or

observable

vendor

prices.

All

changes

to

the

Valuation

Policy

are

reported

to

the

Board

on

a

quarterly

basis

with

material

changes,

as

determined

by

the

Trust’s

CCO,

requiring

approval

by

the

Board.

The

inputs

or

methodologies

used

for

characterizing

each

Fund’s

investments

within

the

three-tier

hierarchy

are

not

necessarily

an

indication

of

the

relative

risks

associated

with

investing

in

those

investments.

Foreign

equity

investments

that

are

valued

with

the

assistance

of

a

statistical

research

service

approved

by

the

Board

and

based

on

significant

observable

inputs

are

reflected

as

Level

2.

Changes

in

valuation

techniques

may

result

in

transfers

into

or

out

of

an

assigned

level

within

the

hierarchy.

The

following

is

a

description

of

valuation

inputs

and

techniques

that

the

Trust

currently

utilizes

to

fair

value

each

major

category

of

assets

and

liabilities:

Equity

Securities

(Common

and

Preferred

Stock)

and

Mutual

Funds

Equity

securities

(foreign

or

domestic)

that

are

actively

traded

on

a

securities

exchange

are

fair

valued

based

on

quoted

prices

from

the

applicable

exchange,

and

to

the

extent

valuation

adjustments

are

not

applied

to

these

securities,

they

are

categorized

as

Level

1.

Equity

securities

traded

on

inactive

markets

and

certain

foreign

equity

securities

are

fair

valued

using

significant

other

observable

inputs

which

include

broker-dealer

quotes,

recently

executed

transactions

adjusted

for

changes

in

the

benchmark

index,

or

evaluated

price

quotes

received

from

pricing

vendors

that

take

into

account

the

integrity

of

the

market

sector

and

issuer,

the

individual

characteristics

of

the

security,

and

information

received

from

broker-dealers

and

other

market

sources

pertaining

to

the

issuer

or

security.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

these

securities

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Investments

in

registered

mutual

funds,

including

affiliated

registered

mutual

funds,

are

valued

at

their

respective

published

NAV

and

are

categorized

as

Level

1.

U.S.

Treasury

Obligations

U.S.

Treasuries

are

fair

valued

based

on

pricing

models

that

evaluate

the

mean

between

the

most

recently

published

bid

and

ask

price

from

market

data

sources.

The

models

also

take

into

consideration

yield

curves

and

data

received

from

active

market

makers

and

inter-dealer

brokers.

Yield

curves

change

daily

in

response

to

market

conditions

and

are

generally

obtained

from

the

new

issue

market

and

broker-dealer

sources.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

U.S.

Treasury

obligations

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Mortgage-Backed

and

Asset-Backed

Securities

Mortgage-backed

securities,

including

government

sponsored

enterprises,

are

fair

valued

using

pricing

models

based

on

inputs

that

include

issuer

type,

coupon,

and

cash

flows,

mortgage

prepayment

projection

tables

and

adjustable

rate

mortgage

evaluations

that

incorporate

index

data,

periodic

329

PACIFIC

SELECT

FUND

SUPPLEMENTAL

NOTES

TO

SCHEDULES

OF

INVESTMENTS

(Continued)

September

30,

2024

(Unaudited)

and

life

caps,

the

next

coupon

reset

date,

and

the

convertibility

of

the

bond.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

mortgage-backed

securities

would

be

categorized

as

Level

2;

otherwise

the

fair

value

would

be

categorized

as

Level

3.

Asset-backed

securities

and

collateralized

mortgage

obligations

are

fair

valued

using

pricing

models

based

on

a

security’s

average

life

volatility.

The

models

also

take

into

account

tranche

characteristics

such

as

coupon

average

life,

collateral

types,

ratings,

the

issuer

and

tranche

type,

underlying

collateral

and

performance

of

the

collateral,

and

discount

margin

for

certain

floating

rate

issues.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

asset-backed

securities

and

collateralized

mortgage

obligations

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Municipal

Bonds

Municipal

bonds

are

fair

valued

based

on

pricing

models

that

take

into

account,

among

other

factors,

information

received

from

market

makers

and

broker-dealers,

current

trades,

bid

lists,

offerings,

market

movements,

the

callability

of

the

bond,

state

of

issuance,

benchmark

yield

curves,

and

bond

insurance.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

municipal

bonds

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Foreign

Government

Bonds

and

Notes

Foreign

government

bonds

and

notes

are

fair

valued

based

on

discounted

cash

flow

models

that

incorporate

option

adjusted

spreads

along

with

benchmark

curves

and

credit

spreads.

In

addition,

international

bond

markets

are

monitored

daily

for

information

pertaining

to

the

issuer

and/or

the

specific

issue.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

foreign

government

bonds

and

notes

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Corporate

Bonds

and

Notes

and

U.S.

Government

Agency

Issues

Corporate

bonds

held

by

a

Fund

are

generally

comprised

of

two

main

categories:

investment

grade

bonds

and

high

yield

bonds.

Investment

grade

bonds

are

reported

at

fair

value

using

various

inputs

and

techniques,

which

include

broker-dealer

quotations,

live

trading

levels,

recently

executed

transactions

in

securities

of

the

issuer

or

comparable

issuers,

issuer

credit

information,

and

option-adjusted

spread

models

where

applicable.

Fair

values

for

high

yield

bonds

are

based

primarily

on

broker-dealer

quotations

from

relevant

market

makers

and

recently

executed

transactions

in

securities

of

the

issuer

or

comparable

issuers.

The

broker-dealer

quotations

received

are

supported

by

credit

analysis

of

the

issuer

that

takes

into

consideration

credit

quality

assessments,

daily

trading

activity,

and

the

activity

of

the

underlying

equities,

listed

bonds,

and

sector-specific

trends.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

corporate

bonds

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

U.S.

Government

Agency

Issues

are

reported

at

fair

value

using

various

inputs

and

techniques,

which

include

broker-dealer

quotations,

live

trading

levels,

recently

executed

transactions

in

securities

of

the

issuer,

issuer

credit

information,

and

option-adjusted

spread

models

where

applicable.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

U.S.

Government

Agency

Issues

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Futures

Contracts

Futures

contracts

and

options

on

futures

contracts

that

are

actively

traded

on

commodity

exchanges

are

fair

valued

based

on

quoted

prices

from

the

applicable

exchange,

and

to

the

extent

valuation

adjustments

are

not

applied

to

futures

contracts,

they

are

categorized

as

Level

1.

To

the

extent

that

valuation

adjustments

are

observable

and

timely,

the

fair

values

of

futures

contracts

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Option

Contracts

Exchange

listed

option

contracts

that

are

traded

on

securities

exchanges

are

categorized

as

Level

2

if

they

are

fair

valued

based

on

quoted

prices

from

the

applicable

exchange,

or

when

valuation

adjustments

are

applied

to

option

contracts,

or

such

valuation

adjustments

are

observable

and

timely,

otherwise

the

fair

values

would

be

categorized

as

Level

3.

OTC

option

contracts

are

fair

valued

based

on

either

broker-dealer

quotations

or

pricing

models

that

incorporate

various

inputs

such

as

interest

rates,

credit

spreads,

currency

exchange

rates

and

volatility

measurements

for

in-the-money,

at-the-money,

and

out-of-the-money

contracts

based

on

a

given

strike

price.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

OTC

option

contracts

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Forward

Foreign

Currency

Contracts

Forward

foreign

currency

contracts

are

fair

valued

using

the

mean

between

broker-dealer

bid

and

ask

quotations,

and

forward

foreign

currency

exchange

rates

gathered

from

leading

market

makers.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

forward

foreign

currency

contracts

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Forward

Bond

Contracts

Forward

bond

contracts

are

generally

valued

based

on

the

current

price

of

the

underlying

bond,

as

provided

by

a

third-party

pricing

service,

and

current

interest

rates.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

forward

bonds

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

2.

FAIR

VALUE

MEASUREMENTS

AND

DISCLOSURES

(Continued)

330

PACIFIC

SELECT

FUND

SUPPLEMENTAL

NOTES

TO

SCHEDULES

OF

INVESTMENTS

(Continued)

September

30,

2024

(Unaudited)

Swap

Agreements

Interest

Rate

Swaps

–

Interest

rate

swaps

are

fair

valued

using

pricing

models

that

are

based

on

real-time

snap

shots

of

relevant

interest

rate

curves

that

are

built

using

the

most

actively

traded

securities

for

a

given

maturity.

The

pricing

models

also

incorporate

cash

and

money

market

rates.

In

addition,

market

data

pertaining

to

interest

rate

swaps

are

monitored

regularly

to

ensure

that

interest

rates

are

properly

depicting

the

current

market

rate.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

interest

rate

swaps

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Credit

Default

Swaps

–

Credit

default

swaps

are

fair

valued

using

pricing

models

that

take

into

account,

among

other

factors,

information

received

from

market

makers

and

broker-dealers,

default

probabilities

from

index

specific

credit

spread

curves,

recovery

rates,

and

cash

flows.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

credit

default

swaps

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Total

Return

Swaps

–

Total

return

swaps

are

fair

valued

using

pricing

models

that

take

into

account

among

other

factors,

index

spread

curves,

nominal

values,

modified

duration

values

and

cash

flows.

To

the

extent

that

these

inputs

are

observable

and

timely,

the

fair

values

of

total

return

swaps

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Senior

Loan

Notes

Floating

rate

senior

loan

notes

(“Senior

Loans”)

are

fair

valued

based

on

a

quoted

price

received

from

a

single

broker-dealer

or

an

average

of

quoted

prices

received

from

multiple

broker-dealers

or

valued

relative

to

other

benchmark

securities

when

broker-dealer

quotes

are

unavailable.

To

the

extent

that

these

inputs

are

observable,

the

fair

values

of

Senior

Loans

would

be

categorized

as

Level

2;

otherwise

the

fair

values

would

be

categorized

as

Level

3.

Unfunded

loan

commitments

on

senior

loan

participations

and

assignments,

if

any,

are

marked

to

market

daily

and

valued

according

to

the

Trust’s

valuation

policies

and

procedures.

The

total

unfunded

loan

commitments

that

could

be

extended

at

the

option

of

the

borrowers

for

the

period

ended

September

30,

2024 are

summarized

in

the

following

table:

3.

INVESTMENTS

IN

AFFILIATED

FUNDS

A

summary

of

holdings

and

transactions

with

affiliated

mutual

fund

investments

as

of

and

for

the

period

ended

September

30,

2024

is

as

follows:

r

:

Portfolio

Unfunded

Loan

Commitments

Value

Net

Unrealized

Appreciation

(Depreciation)

Core

Income

$

314,630

$

315,582

$

952

Floating

Rate

Income

696,851

696,911

60

Beginning

Net

Realized

Change

in

Unrealized

As

of

September

30,

2024

Value

as

of

January

1,

2024

Purchase

Cost

Sales

Proceeds

Gain

(Loss)

Appreciation

(Depreciation)

Ending

Value

Share

Balance

Pacific

Dynamix

-

Conservative

Growth

PD

1-3

Year

Corporate

Bond

Class

P

$

42,888,115

$

718,819

$

32,117,805

$

1,226,182

(

$

454,871

)

$

12,260,440

1,013,772

PD

Aggregate

Bond

Index

Class

P

222,041,264

24,750,162

32,954,041

2,931,425

6,914,327

223,683,137

16,803,816

PD

High

Yield

Bond

Market

Class

P

19,762,352

11,332,826

3,357,123

657,540

1,586,738

29,982,333

1,443,369

PD

Large-Cap

Growth

Index

Class

P

63,720,822

11,206,835

15,406,601

9,499,886

5,474,390

74,495,332

722,489

PD

Large-Cap

Value

Index

Class

P

66,957,646

12,516,506

10,645,272

5,067,836

6,278,866

80,175,582

1,544,810

PD

Mid-Cap

Index

Class

P

23,931,628

557,240

9,026,445

2,551,570

144,131

18,158,124

1,194,279

PD

Small-Cap

Growth

Index

Class

P

2,737,554

2,590,586

628,060

110,222

369,632

5,179,934

111,580

PD

Small-Cap

Value

Index

Class

P

5,478,199

356,596

1,103,364

(

6,913

)

436,197

5,160,715

133,598

PD

Emerging

Markets

Index

Class

P

4,911,525

2,772,761

3,129,854

374,047

277,178

5,205,657

255,660

PD

International

Large-Cap

Index

Class

P

49,039,089

4,712,356

10,803,445

3,600,915

2,427,016

48,975,931

1,686,757

Total

$

501,468,194

$

71,514,687

$

119,172,010

$

26,012,710

$

23,453,604

$

503,277,185

–

–

–

–

–

–

Pacific

Dynamix

-

Moderate

Growth

PD

1-3

Year

Corporate

Bond

Class

P

$

142,714,623

$

228,063

$

107,198,114

$

4,874,815

(

$

2,570,605

)

$

38,048,782

3,146,118

PD

Aggregate

Bond

Index

Class

P

701,898,142

79,978,773

114,076,934

11,454,921

20,021,486

699,276,388

52,531,951

PD

High

Yield

Bond

Market

Class

P

86,299,101

18,681,430

9,440,187

1,868,053

5,984,277

103,392,674

4,977,389

PD

Large-Cap

Growth

Index

Class

P

508,614,029

44,098,986

88,009,047

56,696,254

63,266,045

584,666,267

5,670,354

PD

Large-Cap

Value

Index

Class

P

501,280,990

60,988,166

69,664,425

34,213,145

48,513,936

575,331,812

11,085,402

PD

Mid-Cap

Index

Class

P

172,551,459

11,478,794

33,112,672

9,623,003

13,912,742

174,453,326

11,473,978

2.

FAIR

VALUE

MEASUREMENTS

AND

DISCLOSURES

(Continued)

331

PACIFIC

SELECT

FUND

SUPPLEMENTAL

NOTES

TO

SCHEDULES

OF

INVESTMENTS

(Continued)

September

30,

2024

(Unaudited)

Beginning

Net

Realized

Change

in

Unrealized

As

of

September

30,

2024

Value

as

of

January

1,

2024

Purchase

Cost

Sales

Proceeds

Gain

(Loss)

Appreciation

(Depreciation)

Ending

Value

Share

Balance

Pacific

Dynamix

-

Moderate

Growth

(continued)

PD

Small-Cap

Growth

Index

Class

P

$

27,328,784

$

13,330,373

$

4,548,507

(

$

567,393

)

$

4,650,842

$

40,194,099

865,816

PD

Small-Cap

Value

Index

Class

P

41,017,011

12,937,050

4,770,160

(

10,760

)

4,221,989

53,395,130

1,382,264

PD

Emerging

Markets

Index

Class

P

36,929,186

14,882,153

16,598,622

(

564,152

)

5,740,167

40,388,732

1,983,566

PD

International

Large-Cap

Index

Class

P

309,061,149

18,675,565

46,764,220

19,959,841

19,099,278

320,031,613

11,022,058

Total

$

2,527,694,474

$

275,279,353

$

494,182,888

$

137,547,727

$

182,840,157

$

2,629,178,823

–

–

–

–

–

–

Pacific

Dynamix

-

Growth

PD

1-3

Year

Corporate

Bond

Class

P

$

109,871,929

$

1,850,818

$

112,827,875

$

5,496,486

(

$

4,391,358

)

$

–

–

PD

Aggregate

Bond

Index

Class

P

265,515,532

42,789,835

43,772,911

128,694

12,611,187

277,272,337

20,829,613

PD

High

Yield

Bond

Market

Class

P

75,918,864

26,783,943

5,718,511

433,749

6,970,882

104,388,927

5,025,350

PD

Large-Cap

Growth

Index

Class

P

440,320,495

52,018,988

62,740,846

38,359,537

68,666,164

536,624,338

5,204,422

PD

Large-Cap

Value

Index

Class

P

435,336,701

70,177,455

51,186,437

22,123,232

53,082,977

529,533,928

10,202,976

PD

Mid-Cap

Index

Class

P

153,188,317

7,064,978

28,785,503

8,168,352

12,106,787

151,742,931

9,980,291

PD

Small-Cap

Growth

Index

Class

P

42,042,252

11,414,586

5,171,260

(

852,656

)

6,675,701

54,108,623

1,165,547

PD

Small-Cap

Value

Index

Class

P

42,064,026

10,667,135

3,159,834

16,368

4,323,107

53,910,802

1,395,614

PD

Emerging

Markets

Index

Class

P

56,881,469

14,557,724

14,708,326

(

3,196,611

)

11,707,658

65,241,914

3,204,152

PD

International

Large-Cap

Index

Class

P

337,117,437

29,778,528

44,499,024

14,434,564

29,368,970

366,200,475

12,612,137

Total

$

1,958,257,022

$

267,103,990

$

372,570,527

$

85,111,715

$

201,122,075

$

2,139,024,275

–

–

–

–

–

–

Pacific

Dynamix

-

Aggressive

Growth

PD

Aggregate

Bond

Index

Class

P

$

–

$

233,294

$

59,151

$

2,587

$

7,340

$

184,070

13,828

PD

High

Yield

Bond

Market

Class

P

–

110,689

21,946

715

4,030

93,488

4,501

PD

Large-Cap

Growth

Index

Class

P

–

1,856,929

202,543

24,527

120,423

1,799,336

17,451

PD

Large-Cap

Value

Index

Class

P

–

1,825,660

222,677

14,706

121,334

1,739,023

33,507

PD

Mid-Cap

Index

Class

P

–

561,149

53,663

3,716

38,584

549,786

36,160

PD

Small-Cap

Growth

Index

Class

P

–

176,133

26,607

1,934

10,277

161,737

3,484

PD

Small-Cap

Value

Index

Class

P

–

200,659

22,159

2,108

12,384

192,992

4,996

PD

Emerging

Markets

Index

Class

P

–

231,608

22,709

1,417

17,589

227,905

11,193

PD

International

Large-Cap

Index

Class

P

–

1,527,798

149,518

11,218

87,589

1,477,087

50,872

Total

$

–

$

6,723,919

$

780,973

$

62,928

$

419,550

$

6,425,424

–

–

–

–

–

–

Portfolio

Optimization

Conservative

Core

Income

Class

P

$

91,649,601

$

3,843,647

$

44,201,121

(

$

668,100

)

$

3,355,578

$

53,979,605

4,205,021

Diversified

Bond

Class

P

154,634,912

72,499,309

28,018,006

849,732

10,910,183

210,876,130

14,585,465

Floating

Rate

Income

Class

P

10,299,376

5,326,124

5,936,102

794,508

(

350,160

)

10,133,746

606,105

High

Yield

Bond

Class

P

37,354,730

6,337,388

5,203,733

654,577

2,019,653

41,162,615

3,487,920

Inflation

Managed

Class

P

31,238,081

333,493

12,178,300

124,131

903,488

20,420,893

1,397,395

Intermediate

Bond

Class

P

135,629,554

11,736,059

51,172,025

(

4,589,213

)

9,562,438

101,166,813

10,418,453

Managed

Bond

Class

P

164,467,814

29,534,707

24,970,762

(

1,008,322

)

10,803,133

178,826,570

11,243,522

Short

Duration

Bond

Class

P

133,809,684

3,182,609

60,153,641

3,427,148

792,873

81,058,673

6,870,487

Emerging

Markets

Debt

Class

P

26,804,668

11,143,848

19,387,229

1,421,372

694,901

20,677,560

1,504,612

Equity

Index

Class

P

9,916,409

6,068,204

2,740,768

1,401,927

1,327,876

15,973,648

102,450

Focused

Growth

Class

P

17,942,813

672,699

8,556,822

1,293,161

2,046,222

13,398,073

182,416

Growth

Class

P

17,383,862

3,192,131

8,737,357

2,081,330

1,796,991

15,716,957

188,895

Large-Cap

Core

Class

P

30,837,053

13,271,958

6,144,015

1,160,116

6,663,482

45,788,594

478,972

Large-Cap

Growth

Class

P

27,081,872

5,103,647

8,668,424

2,061,011

4,755,832

30,333,938

898,634

Large-Cap

Value

Class

P

25,827,122

6,297,789

5,517,653

1,503,460

931,069

29,041,787

648,809

Mid-Cap

Equity

Class

P

11,571,241

408,669

4,621,169

1,071,865

169,822

8,600,428

184,838

Mid-Cap

Growth

Class

P

23,792,140

1,082,774

13,641,629

407,573

320,408

11,961,266

380,877

Mid-Cap

Value

Class

P

17,018,039

6,003,358

2,933,602

526,129

1,822,191

22,436,115

450,563

Small-Cap

Equity

Class

P

2,916,943

106,711

628,039

20,579

231,139

2,647,333

61,370

Small-Cap

Growth

Class

P

–

10,613,067

493,302

(

3,131

)

330,775

10,447,409

307,009

Small-Cap

Value

Class

P

2,953,619

5,288,122

708,688

(

45,672

)

487,698

7,975,079

223,418

Value

Class

P

22,464,058

738,038

8,542,249

1,101,512

1,171,273

16,932,632

640,482

Value

Advantage

Class

P

19,551,045

4,158,243

3,276,777

1,472,942

2,050,333

23,955,786

779,377

Emerging

Markets

Class

P

10,717,157

5,594,849

6,845,982

439,741

328,952

10,234,717

503,744

International

Growth

Class

P

23,707,426

5,483,909

18,083,835

2,647,900

106,322

13,861,722

1,341,630

International

Large-Cap

Class

P

7,775,309

7,359,756

1,775,852

438,015

1,147,127

14,944,355

877,508

3.

INVESTMENTS

IN

AFFILIATED

FUNDS

(Continued)

332

PACIFIC

SELECT

FUND

SUPPLEMENTAL

NOTES

TO

SCHEDULES

OF

INVESTMENTS

(Continued)

September

30,

2024

(Unaudited)

Beginning

Net

Realized

Change

in

Unrealized

As

of

September

30,

2024

Value

as

of

January

1,

2024

Purchase

Cost

Sales

Proceeds

Gain

(Loss)

Appreciation

(Depreciation)

Ending

Value

Share

Balance

Portfolio

Optimization

Conservative

(continued)

International

Value

Class

P

$

18,078,936

$

5,503,019

$

11,259,726

$

1,766,359

(

$

170,319

)

$

13,918,269

643,234

Real

Estate

Class

P

–

5,407,743

951,990

57,188

824,701

5,337,642

132,669

Total

$

1,075,423,464

$

236,291,870

$

365,348,798

$

20,407,838

$

65,033,981

$

1,031,808,355

–

–

–

–

–

–

Portfolio

Optimization

Moderate-Conservative

Core

Income

Class

P

$

111,158,658

$

5,787,142

$

52,475,660

(

$

1,041,697

)

$

4,491,932

$

67,920,375

5,291,010

Diversified

Bond

Class

P

188,452,669

91,251,406

35,080,565

2,176,026

12,870,161

259,669,697

17,960,323

Floating

Rate

Income

Class

P

7,470,908

8,164,499

1,159,700

172,952

368,228

15,016,887

898,169

High

Yield

Bond

Class

P

38,701,206

15,864,001

11,973,279

3,228,876

(

69,317

)

45,751,487

3,876,759

Inflation

Managed

Class

P

22,655,854

1,543,750

9,831,386

400,301

362,723

15,131,242

1,035,426

Intermediate

Bond

Class

P

164,960,580

13,338,821

56,649,047

(

4,922,374

)

11,347,801

128,075,781

13,189,617

Managed

Bond

Class

P

203,623,877

36,274,344

28,794,356

1,759,777

10,623,030

223,486,672

14,051,477

Short

Duration

Bond

Class

P

134,344,499

79,826

92,005,212

3,453,872

(

828,040

)

45,044,945

3,817,984

Emerging

Markets

Debt

Class

P

23,362,996

15,559,545

25,274,410

1,460,194

213,865

15,322,190

1,114,926

Dividend

Growth

Class

P

10,346,753

599

10,877,825

3,124,064

(

2,593,591

)

–

–

Equity

Index

Class

P

31,157,528

8,191,671

6,431,535

3,801,665

3,528,566

40,247,895

258,137

Focused

Growth

Class

P

35,776,566

1,190,140

10,375,773

1,910,667

5,655,697

34,157,297

465,054

Growth

Class

P

37,816,919

11,257,547

13,221,253

7,265,826

1,914,059

45,033,098

541,232

Large-Cap

Core

Class

P

74,227,998

37,643,888

13,892,292

3,710,136

15,890,764

117,580,494

1,229,951

Large-Cap

Growth

Class

P

76,164,239

10,562,987

27,266,967

14,051,936

4,576,334

78,088,529

2,313,350

Large-Cap

Value

Class

P

63,712,721

9,667,594

14,803,772

7,959,995

(

2,363,621

)

64,172,917

1,433,657

Mid-Cap

Equity

Class

P

16,776,725

294,358

9,730,198

3,476,487

(

2,053,729

)

8,763,643

188,346

Mid-Cap

Growth

Class

P

25,867,152

8,852,620

15,632,119

(

508,121

)

1,568,139

20,147,671

641,553

Mid-Cap

Value

Class

P

16,483,844

461,495

7,358,424

3,477,895

(

1,980,746

)

11,084,064

222,590

Small-Cap

Equity

Class

P

6,766,733

162,344

1,953,298

23,621

493,081

5,492,481

127,325

Small-Cap

Growth

Class

P

5,873,719

7,829,655

2,753,904

820,845

(

159,074

)

11,611,241

341,209

Small-Cap

Index

Class

P

6,012,774

3,036,681

1,229,378

401,918

492,353

8,714,348

237,158

Small-Cap

Value

Class

P

6,851,764

342,688

1,946,557

(

133,285

)

400,674

5,515,284

154,508

Value

Class

P

51,647,879

1,327,247

16,892,112

3,975,825

1,506,016

41,564,855

1,572,202

Value

Advantage

Class

P

42,932,236

15,098,715

7,346,074

4,149,712

4,342,017

59,176,606

1,925,251

Emerging

Markets

Class

P

23,316,820

8,993,444

11,277,214

2,313,244

(

597,352

)

22,748,942

1,119,683

International

Growth

Class

P

60,762,953

776,615

19,673,313

(

1,201,512

)

9,118,269

49,783,012

4,818,332

International

Large-Cap

Class

P

22,551,114

20,264,541

4,661,094

1,240,959

3,321,914

42,717,434

2,508,297

International

Value

Class

P

52,462,618

1,739,411

17,217,355

3,023,779

2,042,874

42,051,327

1,943,405

Real

Estate

Class

P

8,494,567

7,984,081

2,964,534

(

223,366

)

2,533,527

15,824,275

393,317

Total

$

1,570,734,869

$

343,541,655

$

530,748,606

$

69,350,217

$

87,016,554

$

1,539,894,689

–

–

–

–

–

–

Portfolio

Optimization

Moderate

Core

Income

Class

P

$

320,411,719

$

18,570,335

$

163,835,331

$

12,764,284

(

$

3,195,866

)

$

184,715,141

14,389,344

Diversified

Bond

Class

P

538,429,826

329,369,179

173,525,509

2,449,032

42,316,295

739,038,823

51,116,383

Floating

Rate

Income

Class

P

–

34,390,935

742,448

4,454

380,129

34,033,070

2,035,538

High

Yield

Bond

Class

P

137,227,592

138,892,183

115,148,889

33,364,908

(

21,516,414

)

172,819,380

14,643,875

Inflation

Managed

Class

P

66,946,049

5,931,448

40,147,827

(

3,310,476

)

4,873,364

34,292,558

2,346,629

Intermediate

Bond

Class

P

473,696,745

41,355,611

213,934,598

(

15,684,281

)

32,143,490

317,576,967

32,705,000

Managed

Bond

Class

P

561,478,659

93,531,234

83,904,059

5,205,638

29,425,141

605,736,613

38,085,018

Short

Duration

Bond

Class

P

562,586,884

15,870,182

452,598,851

22,848,933

(

12,593,125

)

136,114,023

11,536,947

Emerging

Markets

Debt

Class

P

69,032,754

107,114,915

147,047,390

5,319,558

306,283

34,726,120

2,526,863

Dividend

Growth

Class

P

119,876,303

–

126,024,168

30,702,384

(

24,554,519

)

–

–

Equity

Index

Class

P

254,941,459

6,288,708

41,973,382

21,372,993

31,260,185

271,889,963

1,743,812

Focused

Growth

Class

P

281,085,701

6,720,581

99,651,427

17,772,593

38,941,077

244,868,525

3,333,902

Growth

Class

P

258,407,223

38,442,253

73,509,040

40,131,359

21,616,751

285,088,546

3,426,348

Large-Cap

Core

Class

P

519,857,343

221,242,596

87,508,580

32,933,529

100,476,824

787,001,712

8,232,432

Large-Cap

Growth

Class

P

429,902,255

57,210,912

58,925,293

33,000,864

85,884,348

547,073,086

16,206,883

Large-Cap

Value

Class

P

353,038,892

55,760,279

68,426,287

36,860,038

(

4,730,917

)

372,502,005

8,321,893

Mid-Cap

Equity

Class

P

74,347,119

2,262,657

14,134,633

5,173,265

4,585,413

72,233,821

1,552,432

Mid-Cap

Growth

Class

P

229,409,882

61,013,539

83,280,719

(

425,034

)

12,490,748

219,208,416

6,980,153

Mid-Cap

Value

Class

P

73,178,537

37,326,581

13,917,306

6,665,007

4,420,939

107,673,758

2,162,307

Small-Cap

Equity

Class

P

44,981,280

18,510,747

12,151,048

270,454

5,301,058

56,912,491

1,319,329

Small-Cap

Growth

Class

P

55,780,560

71,488,048

21,261,739

341,250

5,942,350

112,290,469

3,299,780

Small-Cap

Index

Class

P

38,065,047

21,396,059

7,912,954

4,204,112

1,709,292

57,461,556

1,563,795

3.

INVESTMENTS

IN

AFFILIATED

FUNDS

(Continued)

333

PACIFIC

SELECT

FUND

SUPPLEMENTAL

NOTES

TO

SCHEDULES

OF

INVESTMENTS

(Continued)

September

30,

2024

(Unaudited)

Beginning

Net

Realized

Change

in

Unrealized

As

of

September

30,

2024

Value

as

of

January

1,

2024

Purchase

Cost

Sales

Proceeds

Gain

(Loss)

Appreciation

(Depreciation)

Ending

Value

Share

Balance

Portfolio

Optimization

Moderate

(continued)

Small-Cap

Value

Class

P

$

49,342,234

$

51,639,860

$

47,566,956

(

$

2,039,134

)

$

5,772,545

$

57,148,549

1,600,988

Value

Class

P

306,381,183

8,076,248

88,719,727

21,053,737

12,735,230

259,526,671

9,816,669

Value

Advantage

Class

P

276,434,765

88,822,534

47,017,947

25,548,781

28,207,066

371,995,199

12,102,489

Emerging

Markets

Class

P

103,123,898

43,096,880

50,946,778

6,636,322

1,204,623

103,114,945

5,075,228

International

Growth

Class

P

350,808,156

23,100,460

84,012,787

(

4,918,365

)

55,348,240

340,325,704

32,938,989

International

Large-Cap

Class

P

149,921,440

100,126,997

25,908,355

9,672,369

17,222,898

251,035,349

14,740,383

International

Small-Cap

Class

P

36,479,374

34,743,876

71,628,327

2,595,959

(

2,190,882

)

–

–

International

Value

Class

P

243,091,036

55,281,904

90,279,961

15,574,128

10,137,514

233,804,621

10,805,297

Real

Estate

Class

P

37,644,503

35,378,882

44,880,529

(

488,851

)

8,211,808

35,865,813

891,456

Total

$

7,015,908,418

$

1,822,956,623

$

2,650,522,845

$

365,599,810

$

492,131,888

$

7,046,073,894

–

–

–

–

–

–

Portfolio

Optimization

Growth

Core

Income

Class

P

$

286,648,164

$

30,435,873

$

289,807,364

$

15,523,019

(

$

10,603,899

)

$

32,195,793

2,508,058

Diversified

Bond

Class

P

487,212,194

194,347,224

331,520,321

(

12,039,752

)

35,562,069

373,561,414

25,837,761

Floating

Rate

Income

Class

P

–

32,308,064

636,915

3,690

357,785

32,032,624

1,915,890

High

Yield

Bond

Class

P

96,215,648

39,525,982

14,589,396

4,546,455

4,427,390

130,126,079

11,026,252

Inflation

Managed

Class

P

31,294,157

3,272,302

4,107,119

(

241,823

)

2,059,068

32,276,585

2,208,676

Intermediate

Bond

Class

P

426,788,530

38,970,840

289,928,770

(

14,439,872

)

25,026,385

186,417,113

19,197,777

Managed

Bond

Class

P

569,974,115

45,267,390

326,357,766

5,387,024

14,952,531

309,223,294

19,442,072

Short

Duration

Bond

Class

P

464,102,211

37,826

407,647,253

16,601,391

(

9,037,336

)

64,056,839

5,429,421

Emerging

Markets

Debt

Class

P

64,533,949

39,189,865

44,972,952

4,260,304

2,357,118

65,368,285

4,756,554

Dividend

Growth

Class

P

118,640,915

6,691

124,739,060

64,467,114

(

58,375,659

)

–

–

Equity

Index

Class

P

244,924,773

3,256,262

39,186,215

19,884,724

30,377,633

259,257,177

1,662,790

Focused

Growth

Class

P

269,468,494

26,542

124,540,667

20,715,621

30,895,613

196,565,603

2,676,254

Growth

Class

P

248,080,376

78,895,242

76,861,080

39,908,142

21,358,202

311,380,882

3,742,344

Large-Cap

Core

Class

P

499,169,687

302,513,876

82,771,448

46,182,822

86,699,632

851,794,569

8,910,198

Large-Cap

Growth

Class

P

407,996,323

113,779,583

55,779,402

31,285,851

84,901,505

582,183,860

17,247,030

Large-Cap

Value

Class

P

303,601,167

140,146,395

40,524,151

21,312,814

12,857,291

437,393,516

9,771,604

Mid-Cap

Equity

Class

P

83,384,176

2,339,433

21,231,486

7,692,143

2,595,788

74,780,054

1,607,155

Mid-Cap

Growth

Class

P

207,252,090

52,428,092

68,489,129

13,628,721

(

1,955,017

)

202,864,757

6,459,730

Mid-Cap

Value

Class

P

61,589,622

33,749,122

39,064,057

22,304,932

(

14,400,056

)

64,179,563

1,288,855

Small-Cap

Equity

Class

P

59,557,174

33,789,803

29,794,641

260,730

6,487,609

70,300,675

1,629,689

Small-Cap

Growth

Class

P

45,183,623

132,559,475

14,851,230

6,825,517

2,018,238

171,735,623

5,046,642

Small-Cap

Index

Class

P

49,805,081

6,251,467

7,463,278

3,793,295

1,692,422

54,078,987

1,471,739

Small-Cap

Value

Class

P

21,283,782

80,564,954

36,659,791

(

482,732

)

5,886,069

70,592,282

1,977,607

Value

Class

P

292,979,682

7,914,857

82,471,052

21,489,799

11,033,095

250,946,381

9,492,117

Value

Advantage

Class

P

265,103,995

126,664,223

46,796,999

21,937,047

33,686,720

400,594,986

13,032,954

Emerging

Markets

Class

P

96,407,984

167,515,145

50,230,804

15,755,448

(

2,989,470

)

226,458,303

11,146,081

International

Growth

Class

P

321,290,835

136,448,429

82,146,924

(

4,608,077

)

60,566,608

431,550,871

41,768,369

International

Large-Cap

Class

P

153,481,080

192,421,271

29,419,546

11,030,668

23,499,502

351,012,975

20,610,904

International

Small-Cap

Class

P

68,193,589

817,521

38,646,894

12,161,833

(

9,557,694

)

32,968,355

1,715,060

International

Value

Class

P

253,445,295

129,349,746

85,482,070

35,192,870

(

752,659

)

331,753,182

15,331,996

Real

Estate

Class

P

70,364,706

1,767,380

13,193,436

3,318,911

5,253,527

67,511,088

1,678,010

Total

$

6,567,973,417

$

2,166,560,875

$

2,899,911,216

$

433,658,629

$

396,880,010

$

6,665,161,715

–

–

–

–

–

–

Portfolio

Optimization

Aggressive-Growth

Core

Income

Class

P

$

39,162,266

$

387,227

$

39,992,271

$

1,878,811

(

$

1,436,033

)

$

–

–

Diversified

Bond

Class

P

66,696,161

26,007,081

66,876,738

(

5,513,319

)

7,839,547

28,152,732

1,947,213

Floating

Rate

Income

Class

P

–

8,057,625

146,788

860

89,367

8,001,064

478,548

High

Yield

Bond

Class

P

23,398,964

16,540,083

32,916,010

2,411,022

(

1,308,500

)

8,125,559

688,520

Intermediate

Bond

Class

P

58,528,423

5,061,370

57,130,175

(

994,778

)

1,760,359

7,225,199

744,072

Managed

Bond

Class

P

46,986,533

28,013,480

56,191,558

1,345,004

764,717

20,918,176

1,315,207

Short

Duration

Bond

Class

P

120,340,337

4,583,114

126,093,276

4,782,357

(

3,612,532

)

–

–

Emerging

Markets

Debt

Class

P

15,693,689

9,849,318

18,773,243

1,732,562

(

338,601

)

8,163,725

594,037

Dividend

Growth

Class

P

35,226,520

63

37,041,744

19,178,646

(

17,363,485

)

–

–

Equity

Index

Class

P

69,216,199

809,245

11,777,733

5,951,540

8,124,194

72,323,445

463,859

Focused

Growth

Class

P

65,523,801

105,099

23,289,600

3,860,755

9,668,051

55,868,106

760,648

Growth

Class

P

55,566,004

28,948,113

7,368,406

3,916,266

11,606,890

92,668,867

1,113,745

Large-Cap

Core

Class

P

123,794,351

91,747,919

19,146,980

10,679,935

25,019,341

232,094,566

2,427,825

Large-Cap

Growth

Class

P

127,434,987

34,449,623

27,494,196

15,220,091

19,338,759

168,949,264

5,005,073

3.

INVESTMENTS

IN

AFFILIATED

FUNDS

(Continued)

334

PACIFIC

SELECT

FUND

SUPPLEMENTAL

NOTES

TO

SCHEDULES

OF

INVESTMENTS

(Continued)

September

30,

2024

(Unaudited)

As

of

September

30,

2024,

Pacific

Life

owned

the

following

percentages

of

the

total

shares

outstanding

(aggregate

of

all

share

classes)

of

each

of

the

following

Funds:

Beginning

Net

Realized

Change

in

Unrealized

As

of

September

30,

2024

Value

as

of

January

1,

2024

Purchase

Cost

Sales

Proceeds

Gain

(Loss)

Appreciation

(Depreciation)

Ending

Value

Share

Balance

Portfolio

Optimization

Aggressive-Growth

(continued)

Large-Cap

Value

Class

P

$

89,078,149

$

35,724,891

$

11,097,572

$

5,404,453

$

4,316,215

$

123,426,136

2,757,406

Mid-Cap

Equity

Class

P

28,720,375

624,258

11,958,117

6,174,789

(

3,185,431

)

20,375,874

437,913

Mid-Cap

Growth

Class

P

46,012,143

20,054,960

10,729,753

4,629,442

(

1,568,286

)

58,398,506

1,859,557

Mid-Cap

Value

Class

P

27,342,080

12,197,045

11,165,143

5,379,117

(

1,692,534

)

32,060,565

643,841

Small-Cap

Equity

Class

P

17,887,817

8,552,649

7,547,338

80,766

1,930,452

20,904,346

484,598

Small-Cap

Growth

Class

P

26,197,775

17,613,036

5,764,689

839,063

1,535,831

40,421,016

1,187,816

Small-Cap

Index

Class

P

14,703,735

3,369,906

2,147,502

1,094,793

707,872

17,728,804

482,483

Small-Cap

Value

Class

P

9,487,202

19,646,320

1,664,902

(

84,154

)

2,003,336

29,387,802

823,284

Value

Class

P

64,039,200

7,043,902

16,539,902

3,840,353

4,295,065

62,678,618

2,370,836

Value

Advantage

Class

P

87,311,115

25,610,542

14,925,151

7,999,495

8,354,136

114,350,137

3,720,267

Emerging

Markets

Class

P

46,933,473

27,807,431

14,108,604

4,410,872

(

396,307

)

64,646,865

3,181,863

International

Growth

Class

P

102,308,007

41,139,597

26,292,381

(

1,468,373

)

19,048,099

134,734,949

13,040,546

International

Large-Cap

Class

P

53,547,068

62,065,026

9,388,854

3,527,621

8,269,852

118,020,713

6,929,982

International

Small-Cap

Class

P

24,871,891

8,190,678

17,542,490

1,118,259

(

169,059

)

16,469,279

856,755

International

Value

Class

P

93,644,203

25,129,269

28,886,754

11,957,139

(

382,068

)

101,461,789

4,689,064

Real

Estate

Class

P

25,661,587

7,380,886

16,995,842

2,774,646

(

1,959,545

)

16,861,732

419,104

Total

$

1,605,314,055

$

576,709,756

$

730,993,712

$

122,128,033

$

101,259,702

$

1,674,417,834

–

–

–

–

–

–

Portfolio

Ownership

Percentage

ESG

Diversified

28.74%

ESG

Diversified

Growth

68.30%

Pacific

Dynamix

-

Aggressive

Growth

35.18%

3.

INVESTMENTS

IN

AFFILIATED

FUNDS

(Continued)