UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM NCSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT
COMPANIES
Investment Company Act file number 811-10385
Pacific Funds Series Trust
(Exact name of registrant as specified in charter)
700 Newport Center Drive, P.O. Box 7500
Newport Beach, CA 92660
(Address of principal executive offices) (Zip code)
Robin S. Yonis
Vice President, General Counsel and Assistant Secretary of Pacific Funds Series Trust
700 Newport Center Drive, P.O. Box 9000
Newport Beach, CA 92660
(Name and address of agent for service)
Copies to:
Anthony H. Zacharski, Esq.
Dechert LLP
1095 Avenue Of The Americas
New York, NY 10036
Registrants telephone number, including area code: 949-219-6767
Date of fiscal year end: March 31
Date of reporting period: April 1, 2021 - September 30, 2021
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (OMB) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
September 30, 2021
SEMI-ANNUAL REPORT
PACIFIC FUNDS
SEMI-ANNUAL REPORT
AS OF SEPTEMBER 30, 2021
A-1 | ||||
Financial Statements: |
||||
B-1 | ||||
B-6 | ||||
B-11 | ||||
B-19 | ||||
B-20 | ||||
C-1 | ||||
D-1 | ||||
D-4 |
Pacific Funds Series Trust, which is a Delaware statutory trust, may be referred to as Pacific Funds or the Trust.
PACIFIC FUNDSSM PORTFOLIO OPTIMIZATION CONSERVATIVE
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
AFFILIATED MUTUAL FUNDS - 100.1% |
||||||||
Pacific Funds Core Income P |
706,185 | $8,036,376 | ||||||
Pacific Funds Floating Rate Income P |
253,689 | 2,481,079 | ||||||
Pacific Funds High Income P |
2,525,567 | 26,089,106 | ||||||
PF Inflation Managed Fund P |
1,316,605 | 13,653,197 | ||||||
PF Managed Bond Fund P |
8,765,987 | 98,179,052 | ||||||
PF Short Duration Bond Fund P |
2,773,234 | 28,203,786 | ||||||
PF Emerging Markets Debt Fund P |
1,432,559 | 12,248,382 | ||||||
PF Growth Fund P |
36,032 | 1,253,187 | ||||||
PF Large-Cap Value Fund P |
414,343 | 5,444,472 | ||||||
PF Small-Cap Growth Fund P |
106,362 | 2,454,844 | ||||||
PF Small-Cap Value Fund P |
435,582 | 4,843,670 | ||||||
PF Emerging Markets Fund P |
423,448 | 5,932,511 | ||||||
PF International Small-Cap Fund P |
99,307 | 1,224,457 | ||||||
PF Multi-Asset Fund P |
2,624,147 | 36,501,884 | ||||||
|
|
|||||||
Total Affiliated Mutual Funds |
246,546,003 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.1% |
|
246,546,003 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.1%) |
|
(232,353 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$246,313,650 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Affiliated Fixed Income Funds |
76.7% | |||
Affiliated Equity Funds |
23.4% | |||
|
|
|||
100.1% | ||||
Other Assets & Liabilities, Net |
(0.1% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Affiliated Mutual Funds |
$246,546,003 | $246,546,003 | $ | $ | |||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-1
PACIFIC FUNDS
PACIFIC FUNDSSM PORTFOLIO OPTIMIZATION MODERATE-CONSERVATIVE
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
AFFILIATED MUTUAL FUNDS - 100.1% |
||||||||
Pacific Funds Core Income P |
778,649 | $8,861,028 | ||||||
Pacific Funds Floating Rate Income P |
170,922 | 1,671,619 | ||||||
Pacific Funds High Income P |
2,451,738 | 25,326,456 | ||||||
PF Inflation Managed Fund P |
815,520 | 8,456,940 | ||||||
PF Managed Bond Fund P |
9,656,083 | 108,148,130 | ||||||
PF Short Duration Bond Fund P |
2,250,027 | 22,882,774 | ||||||
PF Emerging Markets Debt Fund P |
1,548,860 | 13,242,751 | ||||||
PF Growth Fund P |
287,789 | 10,009,299 | ||||||
PF Large-Cap Value Fund P |
1,323,682 | 17,393,178 | ||||||
PF Small-Cap Growth Fund P |
216,715 | 5,001,784 | ||||||
PF Small-Cap Value Fund P |
725,860 | 8,071,567 | ||||||
PF Emerging Markets Fund P |
866,425 | 12,138,611 | ||||||
PF International Large-Cap Fund P |
285,004 | 3,499,849 | ||||||
PF International Small-Cap Fund P |
269,513 | 3,323,097 | ||||||
PF International Value Fund P |
216,413 | 1,848,166 | ||||||
PF Multi-Asset Fund P |
5,876,591 | 81,743,388 | ||||||
PF Real Estate Fund P |
111,598 | 1,730,882 | ||||||
|
|
|||||||
Total Affiliated Mutual Funds |
333,349,519 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.1% |
333,349,519 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.1%) |
|
(206,769 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$333,142,750 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Affiliated Fixed Income Funds |
56.6% | |||
Affiliated Equity Funds |
43.5% | |||
|
|
|||
100.1% | ||||
Other Assets & Liabilities, Net |
(0.1% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant |
|||||||||||||||
Assets |
Affiliated Mutual Funds |
$333,349,519 | $333,349,519 | $ | $ | |||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-2
PACIFIC FUNDS
PACIFIC FUNDSSM PORTFOLIO OPTIMIZATION MODERATE
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
AFFILIATED MUTUAL FUNDS - 100.1% |
||||||||
Pacific Funds Core Income P |
1,756,954 | $19,994,138 | ||||||
Pacific Funds Floating Rate Income P |
552,117 | 5,399,700 | ||||||
Pacific Funds High Income P |
5,297,708 | 54,725,321 | ||||||
PF Inflation Managed Fund P |
1,064,546 | 11,039,347 | ||||||
PF Managed Bond Fund P |
21,884,880 | 245,110,657 | ||||||
PF Short Duration Bond Fund P |
3,111,973 | 31,648,763 | ||||||
PF Emerging Markets Debt Fund P |
2,517,095 | 21,521,161 | ||||||
PF Growth Fund P |
1,663,379 | 57,852,305 | ||||||
PF Large-Cap Value Fund P |
4,628,803 | 60,822,465 | ||||||
PF Small-Cap Growth Fund P |
945,486 | 21,821,824 | ||||||
PF Small-Cap Value Fund P |
3,294,525 | 36,635,114 | ||||||
PF Emerging Markets Fund P |
3,138,531 | 43,970,814 | ||||||
PF International Large-Cap Fund P |
1,022,617 | 12,557,736 | ||||||
PF International Small-Cap Fund P |
881,257 | 10,865,898 | ||||||
PF International Value Fund P |
765,767 | 6,539,652 | ||||||
PF Multi-Asset Fund P |
31,558,153 | 438,973,914 | ||||||
PF Real Estate Fund P |
366,761 | 5,688,462 | ||||||
|
|
|||||||
Total Affiliated Mutual Funds |
1,085,167,271 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.1% |
1,085,167,271 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.1%) |
|
(691,199 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$1,084,476,072 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Affiliated Equity Funds |
64.2% | |||
Affiliated Fixed Income Funds |
35.9% | |||
|
|
|||
100.1% | ||||
Other Assets & Liabilities, Net |
(0.1% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Affiliated Mutual Funds |
$1,085,167,271 | $1,085,167,271 | $ | $ | |||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-3
PACIFIC FUNDS
PACIFIC FUNDSSM PORTFOLIO OPTIMIZATION GROWTH
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
AFFILIATED MUTUAL FUNDS - 100.1% |
||||||||
Pacific Funds Core Income P |
772,842 | $8,794,945 | ||||||
Pacific Funds High Income P |
3,451,313 | 35,652,059 | ||||||
PF Managed Bond Fund P |
9,435,139 | 105,673,561 | ||||||
PF Short Duration Bond Fund P |
1,266,912 | 12,884,495 | ||||||
PF Emerging Markets Debt Fund P |
1,536,232 | 13,134,791 | ||||||
PF Growth Fund P |
2,301,928 | 80,061,082 | ||||||
PF Large-Cap Value Fund P |
5,484,769 | 72,069,859 | ||||||
PF Small-Cap Growth Fund P |
968,684 | 22,357,217 | ||||||
PF Small-Cap Value Fund P |
3,852,181 | 42,836,254 | ||||||
PF Emerging Markets Fund P |
3,409,788 | 47,771,133 | ||||||
PF International Large-Cap Fund P |
1,857,456 | 22,809,557 | ||||||
PF International Small-Cap Fund P |
1,085,790 | 13,387,785 | ||||||
PF International Value Fund P |
2,650,867 | 22,638,400 | ||||||
PF Multi-Asset Fund P |
27,170,790 | 377,945,688 | ||||||
PF Real Estate Fund P |
903,415 | 14,011,969 | ||||||
|
|
|||||||
Total Affiliated Mutual Funds |
892,028,795 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.1% |
892,028,795 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.1%) |
(839,137 | ) | ||||||
|
|
|||||||
NET ASSETS - 100.0% |
$891,189,658 | |||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Affiliated Equity Funds |
80.3% | |||
Affiliated Fixed Income Funds |
19.8% | |||
|
|
|||
100.1% | ||||
Other Assets & Liabilities, Net |
(0.1% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Affiliated Mutual Funds |
$892,028,795 | $892,028,795 | $ | $ | |||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-4
PACIFIC FUNDS
PACIFIC FUNDSSM PORTFOLIO OPTIMIZATION AGGRESSIVE-GROWTH
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
AFFILIATED MUTUAL FUNDS - 100.1% |
||||||||
Pacific Funds Core Income P |
29,405 | $334,624 | ||||||
Pacific Funds High Income P |
492,335 | 5,085,821 | ||||||
PF Managed Bond Fund P |
418,714 | 4,689,594 | ||||||
PF Emerging Markets Debt Fund P |
194,802 | 1,665,556 | ||||||
PF Growth Fund P |
1,067,616 | 37,131,694 | ||||||
PF Large-Cap Value Fund P |
1,324,036 | 17,397,834 | ||||||
PF Small-Cap Growth Fund P |
591,052 | 13,641,488 | ||||||
PF Small-Cap Value Fund P |
2,206,242 | 24,533,414 | ||||||
PF Emerging Markets Fund P |
1,518,854 | 21,279,143 | ||||||
PF International Large-Cap Fund P |
917,066 | 11,261,575 | ||||||
PF International Small-Cap Fund P |
692,495 | 8,538,464 | ||||||
PF International Value Fund P |
515,465 | 4,402,071 | ||||||
PF Multi-Asset Fund P |
13,488,302 | 187,622,278 | ||||||
PF Real Estate Fund P |
349,299 | 5,417,623 | ||||||
|
|
|||||||
Total Affiliated Mutual Funds |
343,001,179 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.1% |
343,001,179 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.1%) |
(489,357 | ) | ||||||
|
|
|||||||
NET ASSETS - 100.0% |
$342,511,822 | |||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Affiliated Equity Funds |
96.7% | |||
Affiliated Fixed Income Funds |
3.4% | |||
|
|
|||
100.1% | ||||
Other Assets & Liabilities, Net |
(0.1% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Affiliated Mutual Funds |
$343,001,179 | $343,001,179 | $ | $ | |||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-5
PACIFIC FUNDS
PACIFIC FUNDSSM ULTRA SHORT INCOME
Schedule of Investments
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CORPORATE BONDS & NOTES - 66.4% |
|
|||||||
Basic Materials - 1.1% |
|
|||||||
LYB International Finance III LLC |
$350,000 | $350,206 | ||||||
|
|
|||||||
Communications - 3.3% |
||||||||
AT&T Inc |
450,000 | 450,853 | ||||||
Charter Communications Operating LLC |
300,000 | 308,597 | ||||||
eBay Inc |
300,000 | 303,163 | ||||||
|
|
|||||||
1,062,613 | ||||||||
|
|
|||||||
Consumer, Cyclical - 7.8% |
|
|||||||
7-Eleven Inc |
350,000 | 350,146 | ||||||
British Airways Pass-Through Trust A |
86,766 | 87,217 | ||||||
4.625% due 12/20/25 ~ |
66,567 | 70,314 | ||||||
Brunswick Corp |
150,000 | 150,032 | ||||||
DR Horton Inc |
250,000 | 256,714 | ||||||
Hyatt Hotels Corp |
250,000 | 250,367 | ||||||
3.375% due 07/15/23 |
100,000 | 103,821 | ||||||
Hyundai Capital America |
750,000 | 747,597 | ||||||
Lennar Corp |
250,000 | 250,312 | ||||||
4.750% due 11/15/22 |
250,000 | 258,700 | ||||||
|
|
|||||||
2,525,220 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 7.5% |
|
|||||||
AmerisourceBergen Corp |
150,000 | 150,239 | ||||||
Bayer US Finance II LLC (Germany) |
250,000 | 253,418 | ||||||
Coca-Cola Europacific Partners PLC (United Kingdom) |
500,000 | 499,607 | ||||||
General Mills Inc |
350,000 | 356,183 | ||||||
Hormel Foods Corp |
100,000 | 100,107 | ||||||
Humana Inc |
300,000 | 300,211 | ||||||
Keurig Dr Pepper Inc |
150,000 | 150,128 | ||||||
PerkinElmer Inc |
300,000 | 300,289 | ||||||
Triton Container International Ltd (Bermuda) |
300,000 | 299,847 | ||||||
|
|
|||||||
2,410,029 | ||||||||
|
|
Principal |
Value |
|||||||
Energy - 0.9% |
|
|||||||
Energy Transfer Partners LP |
$ | 200,000 | $ | 206,356 | ||||
Kinder Morgan Inc |
100,000 | 101,435 | ||||||
|
|
|||||||
307,791 | ||||||||
|
|
|||||||
Financial - 29.0% |
|
|||||||
Athene Global Funding |
500,000 | 504,020 | ||||||
Bank of America Corp |
500,000 | 505,036 | ||||||
0.906% (USD LIBOR + 0.790%) |
||||||||
due 03/05/24 § |
250,000 | 252,244 | ||||||
Citigroup Inc |
350,000 | 352,229 | ||||||
1.224% (USD LIBOR + 1.100%) |
||||||||
due 05/17/24 § |
200,000 | 203,121 | ||||||
Cooperatieve Rabobank UA (Netherlands) |
250,000 | 253,673 | ||||||
Host Hotels & Resorts LP REIT |
200,000 | 209,472 | ||||||
HSBC Holdings PLC (United Kingdom) |
450,000 | 455,530 | ||||||
Jackson National Life Global Funding |
250,000 | 251,341 | ||||||
JPMorgan Chase & Co |
750,000 | 756,894 | ||||||
1.028% (USD LIBOR + 0.890%) |
||||||||
due 07/23/24 § |
250,000 | 253,355 | ||||||
Lloyds Banking Group PLC (United Kingdom) |
200,000 | 201,308 | ||||||
Mitsubishi UFJ Financial Group Inc (Japan) |
300,000 | 302,702 | ||||||
0.985% (USD LIBOR + 0.860%) |
||||||||
due 07/26/23 § |
365,000 | 369,864 | ||||||
Morgan Stanley |
500,000 | 508,323 | ||||||
1.525% (USD LIBOR + 1.400%) |
||||||||
due 10/24/23 § |
250,000 | 253,386 | ||||||
Nasdaq Inc |
100,000 | 100,009 | ||||||
NatWest Markets PLC (United Kingdom) |
200,000 | 201,169 | ||||||
New York Life Global Funding |
400,000 | 401,423 | ||||||
Piedmont Operating Partnership LP REIT |
200,000 | 206,994 | ||||||
Reliance Standard Life Global Funding II |
150,000 | 153,298 | ||||||
Skandinaviska Enskilda Banken AB (Sweden) |
500,000 | 501,793 | ||||||
State Street Corp |
250,000 | 253,071 | ||||||
Sumitomo Mitsui Financial Group Inc (Japan) |
132,000 | 133,783 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-6
PACIFIC FUNDS
PACIFIC FUNDS ULTRA SHORT INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Sumitomo Mitsui Trust Bank Ltd (Japan) |
$ | 500,000 | $ | 501,393 | ||||
The Goldman Sachs Group Inc |
||||||||
0.590% (SOFR + 0.540%) |
500,000 | 501,739 | ||||||
0.881% (USD LIBOR + 0.750%) |
250,000 | 252,047 | ||||||
UBS AG (Switzerland) |
500,000 | 501,960 | ||||||
|
|
|||||||
9,341,177 | ||||||||
|
|
|||||||
Industrial - 4.7% |
|
|||||||
Carlisle Cos Inc |
300,000 | 299,935 | ||||||
DAE Funding LLC (United Arab Emirates) |
200,000 | 198,422 | ||||||
Graphic Packaging International LLC |
200,000 | 198,987 | ||||||
Otis Worldwide Corp |
200,000 | 200,021 | ||||||
Penske Truck Leasing Co LP |
100,000 | 103,376 | ||||||
Siemens Financieringsmaatschappij NV (Germany) |
500,000 | 504,511 | ||||||
|
|
|||||||
1,505,252 | ||||||||
|
|
|||||||
Technology - 2.0% |
|
|||||||
Fidelity National Information Services Inc |
200,000 | 199,766 | ||||||
Roper Technologies Inc |
200,000 | 200,369 | ||||||
VMware Inc |
250,000 | 250,392 | ||||||
|
|
|||||||
650,527 | ||||||||
|
|
|||||||
Utilities - 10.1% |
|
|||||||
Black Hills Corp |
250,000 | 250,039 | ||||||
CenterPoint Energy Inc |
250,000 | 250,533 | ||||||
CenterPoint Energy Resources Corp |
300,000 | 300,050 | ||||||
DTE Energy Co |
500,000 | 510,104 | ||||||
Emera US Finance LP (Canada) |
150,000 | 149,578 | ||||||
NextEra Energy Capital Holdings Inc |
500,000 | 500,053 | ||||||
OGE Energy Corp |
200,000 | 200,021 | ||||||
Pacific Gas and Electric Co |
300,000 | 299,551 | ||||||
PPL Electric Utilities Corp |
250,000 | 250,240 | ||||||
Southern California Edison Co |
||||||||
0.700% due 08/01/23 |
350,000 | 350,635 | ||||||
0.880% (SOFR + 0.830%) |
200,000 | 201,067 | ||||||
|
|
|||||||
3,261,871 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
21,414,686 | |||||||
|
|
Principal |
Value |
|||||||
SENIOR LOAN NOTES - 6.4% |
|
|||||||
Basic Materials - 0.8% |
||||||||
Asplundh Tree Expert LLC Term B |
$ | 247,500 | $ | 246,778 | ||||
|
|
|||||||
Communications - 1.5% |
||||||||
Charter Communications Operating LLC Term B-2 |
493,703 | 491,122 | ||||||
|
|
|||||||
Consumer, Cyclical - 0.8% |
||||||||
SeaWorld Parks & Entertainment Inc Term B |
250,000 | 249,625 | ||||||
|
|
|||||||
Consumer, Non-Cyclical - 1.5% |
||||||||
United Rentals North America Inc Term B |
493,639 | 496,454 | ||||||
|
|
|||||||
Financial - 0.4% |
||||||||
Avolon (US) LLC Term B-3 (Ireland) |
138,642 | 138,197 | ||||||
|
|
|||||||
Industrial - 0.4% |
||||||||
GFL Environmental Inc Term B (Canada) |
125,303 | 125,714 | ||||||
|
|
|||||||
Technology - 1.0% |
||||||||
Dell International LLC Term B-2 |
333,368 | 333,718 | ||||||
|
|
|||||||
Total Senior Loan Notes |
2,081,608 | |||||||
|
|
|||||||
ASSET-BACKED SECURITIES - 19.7% |
||||||||
AIMCO CLO (Cayman) |
225,714 | 225,714 | ||||||
Aimco CLO 11 Ltd (Cayman) |
300,000 | 300,423 | ||||||
AmeriCredit Automobile Receivables Trust |
||||||||
1.480% due 01/21/25 |
250,000 | 252,919 | ||||||
3.260% due 01/18/24 |
24,230 | 24,267 | ||||||
Ford Credit Auto Owner Trust |
38,887 | 38,902 | ||||||
Hilton Grand Vacations Trust |
67,976 | 70,787 | ||||||
Magnetite Ltd (Cayman) |
215,000 | 215,333 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-7
PACIFIC FUNDS
PACIFIC FUNDS ULTRA SHORT INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Navient Private Education Refi Loan Trust |
||||||||
0.434% (USD LIBOR + 0.350%) |
$ | 6,679 | $ | 6,679 | ||||
0.840% due 05/15/69 ~ |
145,270 | 145,179 | ||||||
1.060% due 10/15/69 ~ |
228,237 | 228,824 | ||||||
1.220% due 07/15/69 ~ |
237,126 | 238,607 | ||||||
1.310% due 01/15/69 ~ |
159,665 | 160,866 | ||||||
1.690% due 05/15/69 ~ |
138,738 | 140,799 | ||||||
Navient Student Loan Trust |
||||||||
0.466% (USD LIBOR + 0.380%) |
88,311 | 88,398 | ||||||
0.686% (USD LIBOR + 0.600%) |
141,687 | 142,840 | ||||||
1.320% due 08/26/69 ~ |
137,389 | 135,693 | ||||||
Neuberger Berman Loan Advisers CLO 37 Ltd (Cayman) |
300,000 | 300,075 | ||||||
OCP CLO Ltd (Cayman) |
250,000 | 249,982 | ||||||
Palmer Square CLO Ltd (Cayman) |
||||||||
0.975% (USD LIBOR + 0.850%) |
550,547 | 550,994 | ||||||
1.226% (USD LIBOR + 1.100%) |
250,000 | 250,188 | ||||||
Palmer Square Loan Funding Ltd (Cayman) |
||||||||
0.931% (USD LIBOR + 0.800%) |
142,691 | 142,739 | ||||||
0.931% (USD LIBOR + 0.800%) |
277,584 | 277,931 | ||||||
0.981% (USD LIBOR + 0.850%) |
123,602 | 123,652 | ||||||
1.025% (USD LIBOR + 0.900%) |
243,093 | 243,214 | ||||||
1.034% (USD LIBOR + 0.900%) |
219,776 | 219,998 | ||||||
1.184% (USD LIBOR + 1.050%) |
99,258 | 99,382 | ||||||
Santander Drive Auto Receivables Trust |
||||||||
0.290% due 11/15/23 |
42,280 | 42,269 | ||||||
0.590% due 09/15/25 |
200,000 | 200,355 | ||||||
SLM Student Loan Trust |
6,186 | 6,186 | ||||||
SMB Private Education Loan Trust |
||||||||
0.584% (USD LIBOR + 0.500%) |
88,603 | 88,736 | ||||||
2.340% due 09/15/34 ~ |
249,941 | 254,460 | ||||||
2.430% due 02/17/32 ~ |
77,640 | 79,448 | ||||||
2.490% due 06/15/27 ~ |
113,853 | 114,365 | ||||||
2.700% due 05/15/31 ~ |
170,905 | 174,943 | ||||||
Sofi Consumer Loan Program Trust |
21,836 | 21,918 |
Principal |
Value |
|||||||
Sofi Professional Loan Program Trust |
$ | 13,740 | $ | 13,767 | ||||
Voya CLO Ltd (Cayman) |
226,430 | 226,734 | ||||||
1.256% (USD LIBOR + 1.130%) |
250,000 | 250,188 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
6,347,754 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENTS - 8.1% |
|
|||||||
Corporate Notes - 1.1% |
|
|||||||
Southern California Edison Co |
350,000 | 350,209 | ||||||
|
|
|||||||
Shares |
||||||||
Money Market Fund - 4.2% |
|
|||||||
BlackRock Liquidity Funds T-Fund
Portfolio |
1,357,907 | 1,357,907 | ||||||
|
|
|||||||
Principal |
||||||||
U.S. Treasury Bills - 2.8% |
||||||||
0.032% due 12/02/21 |
$900,000 | 899,951 | ||||||
|
|
|||||||
Total Short-Term Investments |
2,608,067 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.6% |
|
32,452,115 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.6%) |
|
(202,819 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$32,249,296 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Corporate Bonds & Notes |
66.4% | |||
Asset-Backed Securities |
19.7% | |||
Short-Term Investments |
8.1% | |||
Senior Loan Notes |
6.4% | |||
|
|
|||
100.6% | ||||
Other Assets & Liabilities, Net |
(0.6% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Corporate Bonds & Notes |
$21,414,686 | $ | $21,414,686 | $ | |||||||||||||
Senior Loan Notes |
2,081,608 | | 2,081,608 | | ||||||||||||||
Asset-Backed Securities |
6,347,754 | | 6,347,754 | | ||||||||||||||
Short-Term Investments |
2,608,067 | 1,357,907 | 1,250,160 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$32,452,115 | $1,357,907 | $31,094,208 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-8
PACIFIC FUNDS
PACIFIC FUNDSSM SHORT DURATION INCOME
Schedule of Investments
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CORPORATE BONDS & NOTES - 50.9% |
|
|||||||
Basic Materials - 1.2% |
|
|||||||
DuPont de Nemours Inc |
$6,965,000 | $7,103,567 | ||||||
Glencore Funding LLC (Australia) |
||||||||
3.000% due 10/27/22 ~ |
3,000,000 | 3,072,000 | ||||||
4.125% due 05/30/23 ~ |
1,400,000 | 1,480,864 | ||||||
4.125% due 03/12/24 ~ |
2,500,000 | 2,678,943 | ||||||
|
|
|||||||
14,335,374 | ||||||||
|
|
|||||||
Communications - 2.2% |
|
|||||||
Charter Communications Operating LLC |
||||||||
4.464% due 07/23/22 |
1,600,000 | 1,640,843 | ||||||
4.500% due 02/01/24 |
5,000,000 | 5,410,743 | ||||||
Expedia Group Inc |
7,000,000 | 7,411,220 | ||||||
Sprint Spectrum Co LLC |
||||||||
4.738% due 09/20/29 ~ |
9,296,875 | 9,940,684 | ||||||
T-Mobile USA Inc |
||||||||
2.250% due 02/15/26 ~ |
1,675,000 | 1,695,938 | ||||||
2.625% due 04/15/26 |
100,000 | 102,375 | ||||||
|
|
|||||||
26,201,803 | ||||||||
|
|
|||||||
Consumer, Cyclical - 7.3% |
|
|||||||
7-Eleven Inc |
||||||||
0.625% due 02/10/23 ~ |
2,650,000 | 2,651,104 | ||||||
American Airlines Pass-Through Trust A |
759,535 | 738,883 | ||||||
British Airways Pass-Through Trust A (United Kingdom) |
||||||||
3.350% due 12/15/30 ~ |
2,950,038 | 2,965,392 | ||||||
4.625% due 12/20/25 ~ |
1,823,939 | 1,926,608 | ||||||
Brunswick Corp |
1,950,000 | 1,950,411 | ||||||
Delta Air Lines Inc |
1,300,000 | 1,391,383 | ||||||
Delta Air Lines Pass-Through Trust AA |
4,500,000 | 4,755,340 | ||||||
DR Horton Inc |
4,500,000 | 4,716,153 | ||||||
Ford Motor Co |
1,200,000 | 1,321,428 | ||||||
Ford Motor Credit Co LLC |
||||||||
2.700% due 08/10/26 |
1,775,000 | 1,780,769 | ||||||
3.096% due 05/04/23 |
5,000,000 | 5,087,500 | ||||||
3.375% due 11/13/25 |
4,200,000 | 4,320,750 | ||||||
5.584% due 03/18/24 |
1,300,000 | 1,398,917 | ||||||
General Motors Co |
2,000,000 | 2,181,819 | ||||||
General Motors Financial Co Inc |
||||||||
1.700% due 08/18/23 |
3,000,000 | 3,057,691 | ||||||
3.550% due 07/08/22 |
3,000,000 | 3,071,813 | ||||||
Genting New York LLC |
1,800,000 | 1,785,934 | ||||||
Hyatt Hotels Corp |
||||||||
due 10/01/23 # |
1,500,000 | 1,502,201 | ||||||
due 10/01/24 # |
4,200,000 | 4,209,506 | ||||||
3.375% due 07/15/23 |
6,234,000 | 6,472,188 | ||||||
Hyundai Capital America |
9,000,000 | 8,971,160 | ||||||
International Game Technology PLC |
1,500,000 | 1,560,930 | ||||||
Las Vegas Sands Corp |
||||||||
3.200% due 08/08/24 |
3,000,000 | 3,081,099 | ||||||
Lennar Corp |
||||||||
4.125% due 01/15/22 |
4,750,000 | 4,755,938 | ||||||
4.500% due 04/30/24 |
5,000,000 | 5,412,400 | ||||||
MGM Resorts International |
2,800,000 | 2,964,332 |
Principal |
Value |
|||||||
Nordstrom Inc |
$ | 3,800,000 | $ | 3,800,580 | ||||
United Airlines Pass-Through Trust B |
525,174 | 524,057 | ||||||
US Airways Pass-Through Trust A |
545,331 | 556,245 | ||||||
|
|
|||||||
88,912,531 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 3.2% |
|
|||||||
Avery Dennison Corp |
3,600,000 | 3,601,484 | ||||||
Campbell Soup Co |
3,676,000 | 3,819,509 | ||||||
Element Fleet Management Corp (Canada) |
5,300,000 | 5,378,478 | ||||||
General Mills Inc |
3,100,000 | 3,154,763 | ||||||
Humana Inc |
4,000,000 | 4,002,814 | ||||||
JDE Peets NV (Netherlands) |
||||||||
0.800% due 09/24/24 ~ |
3,000,000 | 2,992,375 | ||||||
PerkinElmer Inc |
3,850,000 | 3,850,932 | ||||||
Quanta Services Inc |
2,000,000 | 2,001,204 | ||||||
Square Inc |
750,000 | 761,212 | ||||||
Suntory Holdings Ltd (Japan) |
5,600,000 | 5,803,512 | ||||||
Triton Container International Ltd (Bermuda) |
||||||||
0.800% due 08/01/23 ~ |
3,300,000 | 3,298,322 | ||||||
|
|
|||||||
38,664,605 | ||||||||
|
|
|||||||
Energy - 2.5% |
|
|||||||
Energy Transfer LP |
||||||||
3.600% due 02/01/23 |
5,325,000 | 5,491,378 | ||||||
4.250% due 03/15/23 |
1,500,000 | 1,564,041 | ||||||
4.250% due 04/01/24 |
5,000,000 | 5,354,480 | ||||||
Kinder Morgan Inc |
||||||||
5.625% due 11/15/23 ~ |
2,355,000 | 2,564,605 | ||||||
MPLX LP |
||||||||
3.500% due 12/01/22 |
6,900,000 | 7,119,461 | ||||||
4.875% due 12/01/24 |
3,575,000 | 3,961,455 | ||||||
Valero Energy Corp |
||||||||
1.200% due 03/15/24 |
4,160,000 | 4,207,691 | ||||||
|
|
|||||||
30,263,111 | ||||||||
|
|
|||||||
Financial - 21.4% |
|
|||||||
AerCap Ireland Capital DAC (Ireland) |
|
|||||||
1.750% due 01/30/26 |
1,250,000 | 1,237,833 | ||||||
4.500% due 09/15/23 |
5,000,000 | 5,328,744 | ||||||
Air Lease Corp |
||||||||
3.000% due 09/15/23 |
2,432,000 | 2,528,396 | ||||||
3.375% due 07/01/25 |
1,200,000 | 1,274,964 | ||||||
Avolon Holdings Funding Ltd (Ireland) |
||||||||
2.125% due 02/21/26 ~ |
4,550,000 | 4,505,579 | ||||||
4.250% due 04/15/26 ~ |
2,650,000 | 2,851,510 | ||||||
Banco Santander SA (Spain) |
||||||||
0.701% due 06/30/24 |
3,450,000 | 3,457,282 | ||||||
2.746% due 05/28/25 |
3,000,000 | 3,148,063 | ||||||
Bank of America Corp |
||||||||
0.523% due 06/14/24 |
5,850,000 | 5,849,144 | ||||||
0.810% due 10/24/24 |
5,000,000 | 5,018,305 | ||||||
0.891% (USD LIBOR + 0.770%) |
500,000 | 507,134 | ||||||
0.976% due 04/22/25 |
7,500,000 | 7,542,420 | ||||||
1.098% (USD LIBOR + 0.960%) |
5,000,000 | 5,074,363 | ||||||
BOC Aviation Ltd (Singapore) |
3,500,000 | 3,555,394 | ||||||
2.750% due 12/02/23 ~ |
5,000,000 | 5,167,699 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-9
PACIFIC FUNDS
PACIFIC FUNDS SHORT DURATION INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Citigroup Inc |
$ | 1,400,000 | $ | 1,405,634 | ||||
0.981% due 05/01/25 |
2,400,000 | 2,408,350 | ||||||
1.143% (USD LIBOR + 1.023%) |
5,000,000 | 5,068,029 | ||||||
4.000% due 08/05/24 |
4,000,000 | 4,340,325 | ||||||
Credit Suisse AG (Switzerland) |
3,500,000 | 3,533,208 | ||||||
Credit Suisse Group AG (Switzerland) |
3,000,000 | 3,032,575 | ||||||
GLP Capital LP REIT |
1,425,000 | 1,504,401 | ||||||
Host Hotels & Resorts LP REIT |
3,800,000 | 3,979,960 | ||||||
HSBC Holdings PLC (United Kingdom) |
4,050,000 | 4,053,912 | ||||||
0.976% due 05/24/25 |
2,500,000 | 2,496,222 | ||||||
Jackson National Life Global Funding |
5,000,000 | 5,234,562 | ||||||
JPMorgan Chase & Co |
4,500,000 | 4,500,320 | ||||||
0.868% (USD LIBOR + 0.730%) |
4,000,000 | 4,036,771 | ||||||
0.935% (SOFR + 0.885%) |
5,000,000 | 5,064,386 | ||||||
0.969% due 06/23/25 |
3,200,000 | 3,205,151 | ||||||
1.028% (USD LIBOR + 0.890%) |
1,500,000 | 1,520,130 | ||||||
3.875% due 09/10/24 |
3,500,000 | 3,806,889 | ||||||
Mitsubishi UFJ Financial Group Inc (Japan) |
||||||||
0.848% due 09/15/24 |
2,050,000 | 2,059,624 | ||||||
0.953% due 07/19/25 |
6,000,000 | 6,008,377 | ||||||
0.985% (USD LIBOR + 0.860%) |
2,000,000 | 2,026,651 | ||||||
Mizuho Financial Group Inc (Japan) |
||||||||
1.241% due 07/10/24 |
5,000,000 | 5,059,792 | ||||||
Morgan Stanley |
1,600,000 | 1,602,349 | ||||||
0.731% due 04/05/24 |
2,000,000 | 2,007,109 | ||||||
0.790% due 05/30/25 |
8,400,000 | 8,377,068 | ||||||
NatWest Markets PLC (United Kingdom) |
||||||||
0.800% due 08/12/24 ~ |
1,350,000 | 1,347,525 | ||||||
Office Properties Income Trust REIT |
4,000,000 | 4,037,424 | ||||||
OneMain Finance Corp |
5,200,000 | 5,562,700 | ||||||
Piedmont Operating Partnership LP REIT |
3,800,000 | 3,932,895 | ||||||
Reliance Standard Life Global Funding II |
2,000,000 | 2,043,976 | ||||||
2.500% due 10/30/24 ~ |
1,000,000 | 1,043,367 | ||||||
Royal Bank of Canada (Canada) |
2,000,000 | 2,023,581 | ||||||
2.250% due 11/01/24 |
5,000,000 | 5,221,045 | ||||||
Standard Chartered PLC (United Kingdom) |
3,000,000 | 2,991,645 | ||||||
1.319% due 10/14/23 ~ |
2,500,000 | 2,516,171 | ||||||
3.885% due 03/15/24 ~ |
1,500,000 | 1,566,830 | ||||||
Sumitomo Mitsui Financial Group Inc (Japan) |
||||||||
0.508% due 01/12/24 |
3,200,000 | 3,190,575 | ||||||
1.402% due 09/17/26 |
3,000,000 | 2,976,896 | ||||||
1.474% due 07/08/25 |
4,000,000 | 4,033,753 | ||||||
2.348% due 01/15/25 |
2,500,000 | 2,596,810 | ||||||
2.448% due 09/27/24 |
600,000 | 627,393 | ||||||
Sumitomo Mitsui Trust Bank Ltd (Japan) |
3,850,000 | 3,842,715 |
Principal |
Value |
|||||||
The Goldman Sachs Group Inc |
$ | 7,500,000 | $ | 7,526,090 | ||||
0.627% due 11/17/23 |
10,000,000 | 10,005,878 | ||||||
0.657% due 09/10/24 |
9,000,000 | 9,003,082 | ||||||
1.166% (USD LIBOR + 1.050%) |
3,750,000 | 3,774,159 | ||||||
1.295% (USD LIBOR + 1.170%) |
3,200,000 | 3,283,075 | ||||||
3.500% due 04/01/25 |
3,246,000 | 3,490,879 | ||||||
3.625% due 02/20/24 |
4,500,000 | 4,796,313 | ||||||
The PNC Financial Services Group Inc |
||||||||
3.900% due 04/29/24 |
2,155,000 | 2,326,154 | ||||||
UBS AG (Switzerland) |
7,000,000 | 6,993,439 | ||||||
VICI Properties LP REIT |
6,050,000 | 6,178,563 | ||||||
Wells Fargo & Co |
9,000,000 | 9,178,494 | ||||||
|
|
|||||||
259,490,052 | ||||||||
|
|
|||||||
Industrial - 3.0% |
|
|||||||
Berry Global Inc |
4,250,000 | 4,254,207 | ||||||
DAE Funding LLC (United Arab Emirates) |
||||||||
1.550% due 08/01/24 ~ |
2,300,000 | 2,281,853 | ||||||
Graphic Packaging International LLC |
2,400,000 | 2,387,845 | ||||||
Penske Truck Leasing Co LP |
1,000,000 | 1,028,522 | ||||||
2.700% due 11/01/24 ~ |
3,250,000 | 3,413,305 | ||||||
3.450% due 07/01/24 ~ |
2,300,000 | 2,450,961 | ||||||
4.125% due 08/01/23 ~ |
2,000,000 | 2,120,189 | ||||||
Silgan Holdings Inc |
2,950,000 | 2,906,432 | ||||||
SYNNEX Corp |
4,800,000 | 4,802,089 | ||||||
Teledyne Technologies Inc |
9,000,000 | 9,016,413 | ||||||
TK Elevator US Newco Inc (Germany) |
1,500,000 | 1,573,837 | ||||||
|
|
|||||||
36,235,653 | ||||||||
|
|
|||||||
Technology - 3.5% |
|
|||||||
Dell International LLC |
5,100,000 | 5,519,169 | ||||||
DXC Technology Co |
6,100,000 | 6,094,714 | ||||||
Fidelity National Information Services Inc |
4,400,000 | 4,394,851 | ||||||
Hewlett Packard Enterprise Co |
8,000,000 | 8,130,685 | ||||||
Infor Inc |
3,000,000 | 3,032,843 | ||||||
Microchip Technology Inc |
8,250,000 | 8,257,813 | ||||||
0.983% due 09/01/24 ~ |
3,750,000 | 3,746,566 | ||||||
NXP BV (China) |
3,300,000 | 3,448,698 | ||||||
|
|
|||||||
42,625,339 | ||||||||
|
|
|||||||
Utilities - 6.6% |
|
|||||||
American Electric Power Co Inc |
3,500,000 | 3,500,282 | ||||||
Black Hills Corp |
2,000,000 | 2,000,313 | ||||||
CenterPoint Energy Inc |
2,750,000 | 2,755,863 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-10
PACIFIC FUNDS
PACIFIC FUNDS SHORT DURATION INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CenterPoint Energy Resources Corp |
$ | 1,500,000 | $ | 1,500,250 | ||||
Dominion Energy Inc |
4,280,000 | 4,525,445 | ||||||
DPL Inc |
600,000 | 642,750 | ||||||
Eastern Energy Gas Holdings LLC |
2,550,000 | 2,671,577 | ||||||
Edison International |
2,000,000 | 2,203,170 | ||||||
Emera US Finance LP (Canada) |
3,857,000 | 3,846,140 | ||||||
Evergy Inc |
4,050,000 | 4,235,517 | ||||||
FirstEnergy Corp |
8,800,000 | 8,915,280 | ||||||
NextEra Energy Operating Partners LP |
||||||||
4.250% due 07/15/24 ~ |
7,875,000 | 8,347,500 | ||||||
NRG Energy Inc |
4,000,000 | 4,068,968 | ||||||
OGE Energy Corp |
1,900,000 | 1,900,201 | ||||||
Oklahoma Gas and Electric Co |
1,650,000 | 1,650,055 | ||||||
Pacific Gas and Electric Co |
7,200,000 | 7,189,222 | ||||||
Southern California Edison Co |
4,650,000 | 4,664,229 | ||||||
1.100% due 04/01/24 |
2,100,000 | 2,110,618 | ||||||
The AES Corp |
4,350,000 | 4,295,744 | ||||||
3.300% due 07/15/25 ~ |
3,650,000 | 3,881,976 | ||||||
Vistra Operations Co LLC |
4,250,000 | 4,471,466 | ||||||
|
|
|||||||
79,376,566 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
616,105,034 | |||||||
|
|
|||||||
SENIOR LOAN NOTES - 16.9% |
|
|||||||
Communications - 1.1% |
||||||||
CSC Holdings LLC |
||||||||
Term B |
1,488,550 | 1,471,339 | ||||||
Term B-5 |
1,970,000 | 1,950,300 | ||||||
MTN Infrastructure TopCo Inc Term B |
8,953,608 | 8,948,012 | ||||||
SBA Senior Finance II LLC Term B |
1,190,769 | 1,180,722 | ||||||
|
|
|||||||
13,550,373 | ||||||||
|
|
|||||||
Consumer, Cyclical - 3.2% |
||||||||
ClubCorp Holdings Inc Term B |
3,839,571 | 3,618,796 | ||||||
Great Outdoors Group LLC Term B-1 |
2,233,125 | 2,246,850 | ||||||
Harbor Freight Tools USA Inc Term B |
1,985,000 | 1,986,467 | ||||||
Hayward Industries Inc Term B |
3,990,000 | 3,985,368 | ||||||
Hilton Grand Vacations Borrower LLC Term B |
2,000,000 | 2,007,000 |
Principal |
Value |
|||||||
Marriott Ownership Resorts Inc Term B |
$ | 1,819,096 | $ | 1,793,516 | ||||
Mileage Plus Holdings LLC Term B |
2,000,000 | 2,125,834 | ||||||
Restaurant Brands International Inc Term B (Canada) |
3,911,078 | 3,866,030 | ||||||
SeaWorld Parks & Entertainment Inc Term B |
4,500,000 | 4,493,250 | ||||||
SRS Distribution Inc Term B |
2,500,000 | 2,502,187 | ||||||
Stars Group Holdings BV Term B (Canada) |
3,269,928 | 3,263,117 | ||||||
United AirLines Inc Term B |
6,467,500 | 6,526,587 | ||||||
|
|
|||||||
38,415,002 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 4.5% |
||||||||
Avantor Funding Inc Term B-4 |
2,684,440 | 2,686,676 | ||||||
Bausch Health Americas Inc Term B |
4,873,546 | 4,872,937 | ||||||
CoreLogic Inc Term B |
3,500,000 | 3,496,062 | ||||||
Heartland Dental LLC Term B |
3,491,250 | 3,487,431 | ||||||
Mavis Tire Express Services TopCo LP |
5,985,000 | 6,005,948 | ||||||
Mozart Borrower LP Term B |
1,750,000 | 1,741,250 | ||||||
Organon & Co Term B |
2,244,375 | 2,252,616 | ||||||
Pathway Vet Alliance LLC Term A |
2,960,751 | 2,958,160 | ||||||
PetVet Care Centers LLC Term B-3 |
6,649,114 | 6,664,354 | ||||||
PPD Inc Term B |
5,984,962 | 5,982,341 | ||||||
Spin Holdco Inc Term B |
2,493,750 | 2,503,491 | ||||||
Sunshine Luxembourg VII SARL Term B (Luxembourg) |
3,701,363 | 3,715,542 | ||||||
United Rentals North America Inc Term B |
4,442,748 | 4,468,085 | ||||||
US Foods Inc Term B |
1,458,722 | 1,451,529 | ||||||
Wand NewCo 3 Inc Term B-1 |
1,759,638 | 1,744,929 | ||||||
|
|
|||||||
54,031,351 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-11
PACIFIC FUNDS
PACIFIC FUNDS SHORT DURATION INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Financial - 2.7% |
||||||||
Acrisure LLC Term B |
$ | 2,221,832 | $ | 2,202,391 | ||||
AssuredPartners Inc Term B |
7,128,050 | 7,091,918 | ||||||
Avolon (US) LLC Term B-3 (Ireland) |
6,029,412 | 6,010,033 | ||||||
Deerfield Dakota Holding LLC Term B |
2,962,500 | 2,974,931 | ||||||
HUB International Ltd Term B |
5,943,721 | 5,894,192 | ||||||
NFP Corp Term B |
4,925,000 | 4,882,930 | ||||||
USI Inc Term B |
3,378,228 | 3,360,131 | ||||||
|
|
|||||||
32,416,526 | ||||||||
|
|
|||||||
Industrial - 1.8% |
||||||||
Brown Group Holding LLC Term B |
233,595 | 233,709 | ||||||
Engineered Components and Systems LLC Term B |
1,541,284 | 1,543,211 | ||||||
Filtration Group Corp Term B |
5,205,396 | 5,182,623 | ||||||
Madison IAQ LLC |
5,985,000 | 5,983,599 | ||||||
Pro Mach Group Inc |
2,365,922 | 2,377,751 | ||||||
ProAmpac PG Borrower LLC Term B |
2,736,250 | 2,745,827 | ||||||
Quikrete Holdings Inc Term B-1 |
2,000,000 | 1,995,972 | ||||||
TransDigm Inc Term F |
1,960,013 | 1,937,657 | ||||||
TricorBraun Holdings Inc |
314 | 312 | ||||||
|
|
|||||||
22,000,661 | ||||||||
|
|
|||||||
Technology - 2.9% |
||||||||
Applied Systems Inc Term B |
1,966,765 | 1,968,610 | ||||||
Dell International LLC Term B-2 |
7,308,577 | 7,316,243 | ||||||
Epicor Software Corp Term B |
5,984,887 | 5,989,489 | ||||||
Peraton Corp Term B |
1,243,750 | 1,246,415 | ||||||
Sophia LP |
3,225,625 | 3,241,418 |
Principal |
Value |
|||||||
Tempo Acquisition LLC Term B |
$ | 4,762,217 | $ | 4,779,480 | ||||
The Dun & Bradstreet Corp Term B |
4,437,691 | 4,438,086 | ||||||
UKG Inc |
6,692,552 | 6,714,302 | ||||||
|
|
|||||||
35,694,043 | ||||||||
|
|
|||||||
Utilities - 0.7% |
||||||||
PG&E Corp Term B |
3,209,375 | 3,157,222 | ||||||
Pike Corp Term B |
4,794,521 | 4,800,514 | ||||||
|
|
|||||||
7,957,736 | ||||||||
|
|
|||||||
Total Senior Loan Notes |
204,065,692 | |||||||
|
|
|||||||
ASSET-BACKED SECURITIES - 22.1% |
||||||||
AIMCO CLO 10 Ltd (Cayman) |
2,700,000 | 2,700,208 | ||||||
Aimco CLO 11 Ltd (Cayman) |
3,750,000 | 3,755,291 | ||||||
AmeriCredit Automobile Receivables Trust 0.680% due 10/19/26 |
10,100,000 | 10,097,522 | ||||||
0.690% due 01/19/27 |
2,400,000 | 2,397,004 | ||||||
0.760% due 12/18/25 |
2,400,000 | 2,407,878 | ||||||
0.970% due 02/18/26 |
1,000,000 | 1,007,121 | ||||||
1.480% due 01/21/25 |
2,750,000 | 2,782,106 | ||||||
2.600% due 09/18/23 |
1,172,564 | 1,178,804 | ||||||
3.130% due 02/18/25 |
1,550,000 | 1,569,836 | ||||||
3.450% due 06/18/24 |
1,358,311 | 1,365,765 | ||||||
3.500% due 01/18/24 |
2,000,000 | 2,027,560 | ||||||
Apidos CLO XV (Cayman) |
1,250,000 | 1,250,402 | ||||||
Apidos CLO XXV (Cayman) |
2,000,000 | 2,001,679 | ||||||
Apidos CLO XXX (Cayman) |
3,000,000 | 3,001,800 | ||||||
Atrium XIII (Cayman) |
470,000 | 470,470 | ||||||
Buttermilk Park CLO Ltd (Cayman) |
1,850,000 | 1,851,547 | ||||||
Carlyle Global Market Strategies CLO Ltd (Cayman) |
||||||||
1.179% (USD LIBOR + 1.050%) |
495,916 | 496,412 | ||||||
CIFC Funding
2013-III-R Ltd (Cayman) |
2,000,000 | 2,001,700 | ||||||
CIFC Funding 2015-III Ltd (Cayman) |
1,500,000 | 1,500,750 | ||||||
Dryden 55 CLO Ltd (Cayman) |
2,500,000 | 2,503,461 | ||||||
Dryden 58 CLO Ltd (Cayman) |
3,148,000 | 3,151,933 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-12
PACIFIC FUNDS
PACIFIC FUNDS SHORT DURATION INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-13
PACIFIC FUNDS
PACIFIC FUNDS SHORT DURATION INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Sofi Consumer Loan Program Trust |
$ | 368,196 | $ | 370,541 | ||||
2.450% due 08/25/28 ~ |
174,687 | 175,343 | ||||||
Sofi Professional Loan Program Trust |
283,969 | 284,516 | ||||||
Verizon Owner Trust |
2,070,366 | 2,073,938 | ||||||
1.850% due 07/22/24 |
3,500,000 | 3,546,575 | ||||||
Volvo Financial Equipment LLC |
2,000,000 | 2,040,996 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
267,357,192 | |||||||
|
|
|||||||
U.S. TREASURY OBLIGATIONS - 7.0% |
|
|||||||
U.S. Treasury Notes - 7.0% |
|
|||||||
0.125% due 08/31/23 |
7,500,000 | 7,480,664 | ||||||
0.250% due 03/15/24 |
6,000,000 | 5,980,313 | ||||||
0.375% due 07/15/24 |
2,700,000 | 2,692,934 | ||||||
0.375% due 08/15/24 |
10,000,000 | 9,965,625 | ||||||
0.375% due 09/15/24 |
6,000,000 | 5,974,687 | ||||||
1.250% due 07/31/23 |
6,000,000 | 6,111,094 | ||||||
1.250% due 08/31/24 |
5,000,000 | 5,108,984 | ||||||
1.375% due 10/15/22 |
5,000,000 | 5,065,887 | ||||||
1.375% due 02/15/23 |
10,000,000 | 10,167,578 | ||||||
1.500% due 09/30/24 |
10,000,000 | 10,294,922 | ||||||
1.750% due 07/31/24 |
9,500,000 | 9,843,262 | ||||||
2.500% due 01/15/22 |
6,000,000 | 6,042,454 | ||||||
|
|
|||||||
Total U.S. Treasury Obligations |
84,728,404 | |||||||
|
|
|||||||
Shares |
||||||||
SHORT-TERM INVESTMENT - 4.9% |
|
|||||||
Money Market Fund - 4.9% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
59,586,965 | 59,586,965 | ||||||
|
|
|||||||
Total Short-Term Investment |
59,586,965 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 101.8% |
|
1,231,843,287 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (1.8%) |
|
(21,602,186 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$1,210,241,101 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Corporate Bonds & Notes |
50.9% | |||
Asset-Backed Securities |
22.1% | |||
Senior Loan Notes |
16.9% | |||
U.S. Treasury Obligations |
7.0% | |||
Short-Term Investment |
4.9% | |||
|
|
|||
101.8% | ||||
Other Assets & Liabilities, Net |
(1.8% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Pursuant to the terms of the following senior loan agreements, the Fund had unfunded loan commitments which could be extended at the option of the borrower. |
Borrower | Unfunded Loan Commitments |
Value | Unrealized Appreciation (Depreciation) |
|||||||||
Engineered Components and Systems LLC ± |
$458,716 | $459,289 | $573 | |||||||||
Pro Mach Group Inc |
384,078 | 385,999 | 1,921 | |||||||||
|
|
|
|
|
|
|||||||
$842,794 | $845,288 | $2,494 | ||||||||||
|
|
|
|
|
|
(c) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Corporate Bonds & Notes |
$616,105,034 | $ | $616,105,034 | $ | |||||||||||||
Senior Loan Notes |
204,065,692 | | 202,522,481 | 1,543,211 | ||||||||||||||
Asset-Backed Securities |
267,357,192 | | 267,357,192 | | ||||||||||||||
U.S. Treasury Obligations |
84,728,404 | | 84,728,404 | | ||||||||||||||
Short-Term Investment |
59,586,965 | |
59,586,965 |
|
| | ||||||||||||
Unfunded Loan Commitments |
845,288 | | 385,999 | 459,289 | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$1,232,688,575 | $59,586,965 | $1,171,099,110 | $2,002,500 | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-14
PACIFIC FUNDS
PACIFIC FUNDSSM CORE INCOME
Schedule of Investments
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CORPORATE BONDS & NOTES - 42.7% |
|
|||||||
Basic Materials - 0.9% |
|
|||||||
Anglo American Capital PLC (South Africa) |
||||||||
2.625% due 09/10/30 ~ |
$4,550,000 | $4,523,193 | ||||||
3.950% due 09/10/50 ~ |
3,000,000 | 3,217,187 | ||||||
Glencore Funding LLC (Australia) |
1,200,000 | 1,175,753 | ||||||
Suzano Austria GmbH (Brazil) |
2,000,000 | 1,934,000 | ||||||
|
|
|||||||
10,850,133 | ||||||||
|
|
|||||||
Communications - 4.1% |
|
|||||||
AT&T Inc |
||||||||
2.550% due 12/01/33 |
2,000,000 | 1,969,443 | ||||||
3.500% due 09/15/53 |
4,865,000 | 4,824,550 | ||||||
3.850% due 06/01/60 |
2,800,000 | 2,902,099 | ||||||
Charter Communications Operating LLC |
||||||||
3.500% due 06/01/41 |
3,300,000 | 3,245,165 | ||||||
3.850% due 04/01/61 |
5,200,000 | 4,970,437 | ||||||
Expedia Group Inc |
||||||||
2.950% due 03/15/31 |
1,600,000 | 1,618,193 | ||||||
4.625% due 08/01/27 |
3,150,000 | 3,573,107 | ||||||
Sprint Communications Inc |
6,000,000 | 6,316,320 | ||||||
T-Mobile USA Inc |
||||||||
2.250% due 02/15/26 ~ |
2,325,000 | 2,354,062 | ||||||
2.550% due 02/15/31 |
3,500,000 | 3,514,761 | ||||||
2.625% due 04/15/26 |
100,000 | 102,375 | ||||||
3.375% due 04/15/29 ~ |
1,600,000 | 1,671,200 | ||||||
3.875% due 04/15/30 |
3,450,000 | 3,811,195 | ||||||
Verizon Communications Inc |
||||||||
2.850% due 09/03/41 |
2,100,000 | 2,052,900 | ||||||
3.400% due 03/22/41 |
2,550,000 | 2,665,522 | ||||||
3.850% due 11/01/42 |
2,000,000 | 2,201,984 | ||||||
|
|
|||||||
47,793,313 | ||||||||
|
|
|||||||
Consumer, Cyclical - 6.5% |
|
|||||||
Air Canada Pass-Through Trust A (Canada) |
3,619,318 | 3,703,001 | ||||||
American Airlines Pass-Through Trust AA |
2,292,383 | 2,379,915 | ||||||
Beazer Homes USA Inc |
2,150,000 | 2,371,299 | ||||||
British Airways Pass-Through Trust A (United Kingdom) |
2,497,988 | 2,510,989 | ||||||
4.625% due 12/20/25 ~ |
1,549,683 | 1,636,913 | ||||||
British Airways Pass-Through Trust AA (United Kingdom) |
4,145,805 | 4,216,333 | ||||||
Choice Hotels International Inc |
1,950,000 | 2,105,142 | ||||||
Continental Airlines Pass-Through Trust A |
2,188,951 | 2,309,922 | ||||||
Delta Air Lines Inc |
1,300,000 | 1,391,383 | ||||||
Delta Air Lines Pass-Through Trust AA |
1,275,725 | 1,370,854 | ||||||
Ford Motor Credit Co LLC |
||||||||
2.700% due 08/10/26 |
2,225,000 | 2,232,231 | ||||||
2.900% due 02/16/28 |
3,200,000 | 3,200,000 | ||||||
3.087% due 01/09/23 |
1,850,000 | 1,879,508 | ||||||
3.375% due 11/13/25 |
2,475,000 | 2,546,156 | ||||||
4.542% due 08/01/26 |
1,725,000 | 1,862,275 | ||||||
5.584% due 03/18/24 |
2,350,000 | 2,528,812 | ||||||
8.500% due 04/21/23 |
1,200,000 | 1,321,428 | ||||||
Genting New York LLC |
2,000,000 | 1,984,372 |
Principal |
Value |
|||||||
Hilton Grand Vacations Borrower Escrow LLC |
$ | 2,850,000 | $ | 2,864,250 | ||||
International Game Technology PLC |
2,000,000 | 2,081,240 | ||||||
Kohls Corp |
3,000,000 | 3,090,851 | ||||||
Marriott International Inc |
3,150,000 | 3,349,639 | ||||||
Meritage Homes Corp |
3,675,000 | 3,863,344 | ||||||
MGM Resorts International |
3,000,000 | 3,176,070 | ||||||
New Red Finance Inc (Canada) |
4,000,000 | 4,044,400 | ||||||
Nordstrom Inc |
2,500,000 | 2,455,501 | ||||||
Six Flags Entertainment Corp |
2,000,000 | 2,021,250 | ||||||
Spirit Airlines Pass-Through Trust A |
478,763 | 502,179 | ||||||
Stellantis Finance US Inc |
1,250,000 | 1,238,650 | ||||||
United Airlines Pass-Through Trust A |
1,337,957 | 1,334,399 | ||||||
United Airlines Pass-Through Trust AA |
1,024,321 | 1,106,115 | ||||||
US Airways Pass-Through Trust A |
1,862,636 | 1,870,232 | ||||||
|
|
|||||||
74,548,653 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 6.4% |
|
|||||||
Altria Group Inc |
4,700,000 | 4,506,854 | ||||||
AmerisourceBergen Corp |
5,000,000 | 5,117,604 | ||||||
Amgen Inc |
2,750,000 | 2,778,641 | ||||||
Anheuser-Busch InBev Finance Inc (Belgium) |
||||||||
4.000% due 01/17/43 |
2,000,000 | 2,208,337 | ||||||
4.700% due 02/01/36 |
2,000,000 | 2,418,728 | ||||||
Anheuser-Busch InBev Worldwide Inc (Belgium) |
5,000,000 | 6,482,308 | ||||||
Centene Corp |
||||||||
2.450% due 07/15/28 |
1,750,000 | 1,760,938 | ||||||
2.500% due 03/01/31 |
1,900,000 | 1,876,250 | ||||||
Cigna Corp |
3,000,000 | 3,051,795 | ||||||
CoStar Group Inc |
3,400,000 | 3,460,553 | ||||||
CVS Health Corp |
3,000,000 | 2,878,162 | ||||||
Global Payments Inc |
4,500,000 | 4,759,798 | ||||||
Kraft Heinz Foods Co |
6,500,000 | 7,409,074 | ||||||
Smith & Nephew PLC (United Kingdom) |
3,800,000 | 3,709,720 | ||||||
Square Inc |
500,000 | 513,490 | ||||||
Takeda Pharmaceutical Co Ltd (Japan) |
3,500,000 | 3,558,610 | ||||||
Transurban Finance Co Pty Ltd (Australia) |
2,450,000 | 2,456,687 | ||||||
Universal Health Services Inc |
||||||||
2.650% due 10/15/30 ~ |
4,450,000 | 4,475,766 | ||||||
2.650% due 01/15/32 ~ |
1,950,000 | 1,933,354 | ||||||
Viatris Inc |
3,350,000 | 3,598,678 | ||||||
Viterra Finance BV (Netherlands) |
4,550,000 | 4,627,390 | ||||||
|
|
|||||||
73,582,737 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-15
PACIFIC FUNDS
PACIFIC FUNDS CORE INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Energy - 2.7% |
|
|||||||
Cheniere Corpus Christi Holdings LLC |
||||||||
2.742% due 12/31/39 ~ |
$ | 4,150,000 | $ | 4,114,630 | ||||
3.700% due 11/15/29 |
2,075,000 | 2,253,030 | ||||||
Energy Transfer LP |
||||||||
3.750% due 05/15/30 |
4,000,000 | 4,324,656 | ||||||
4.750% due 01/15/26 |
6,000,000 | 6,709,186 | ||||||
6.500% due 11/15/26 |
3,650,000 | 3,810,125 | ||||||
Enterprise Products Operating LLC |
1,850,000 | 1,807,472 | ||||||
Kinder Morgan Energy Partners LP |
2,000,000 | 2,365,127 | ||||||
MPLX LP |
||||||||
5.200% due 12/01/47 |
1,200,000 | 1,460,709 | ||||||
6.875% due 02/15/23 |
3,000,000 | 3,060,000 | ||||||
Petroleos Mexicanos (Mexico) |
2,100,000 | 1,777,650 | ||||||
|
|
|||||||
31,682,585 | ||||||||
|
|
|||||||
Financial - 14.2% |
|
|||||||
Air Lease Corp |
||||||||
3.000% due 02/01/30 |
4,000,000 | 4,061,621 | ||||||
4.650% due 06/15/26 |
4,300,000 | 4,509,625 | ||||||
Ally Financial Inc |
2,500,000 | 2,609,937 | ||||||
Assured Guaranty US Holdings Inc |
2,150,000 | 2,190,969 | ||||||
Avolon Holdings Funding Ltd (Ireland) |
||||||||
2.750% due 02/21/28 ~ |
2,950,000 | 2,944,429 | ||||||
4.250% due 04/15/26 ~ |
1,350,000 | 1,452,656 | ||||||
Banco Santander SA (Spain) |
3,000,000 | 2,987,346 | ||||||
Bank of America Corp |
||||||||
2.482% due 09/21/36 |
4,700,000 | 4,609,192 | ||||||
2.592% due 04/29/31 |
3,450,000 | 3,523,204 | ||||||
2.687% due 04/22/32 |
5,700,000 | 5,807,429 | ||||||
3.194% due 07/23/30 |
3,000,000 | 3,193,613 | ||||||
BNP Paribas SA (France) |
||||||||
2.871% due 04/19/32 ~ |
7,000,000 | 7,153,069 | ||||||
4.625% due 02/25/31 ~ |
3,000,000 | 3,071,250 | ||||||
Broadstone Net Lease LLC REIT |
2,750,000 | 2,719,469 | ||||||
Citigroup Inc |
||||||||
2.666% due 01/29/31 |
5,250,000 | 5,379,443 | ||||||
4.125% due 07/25/28 |
3,600,000 | 4,021,519 | ||||||
Commonwealth Bank of Australia (Australia) |
2,200,000 | 2,194,630 | ||||||
Extra Space Storage LP REIT |
2,850,000 | 2,787,301 | ||||||
Fidelity National Financial Inc |
2,200,000 | 2,102,785 | ||||||
GLP Capital LP REIT |
3,450,000 | 3,851,338 | ||||||
Host Hotels & Resorts LP REIT |
||||||||
3.375% due 12/15/29 |
3,200,000 | 3,295,788 | ||||||
3.500% due 09/15/30 |
1,500,000 | 1,559,375 | ||||||
HSBC Holdings PLC (United Kingdom) |
3,150,000 | 3,201,187 | ||||||
JAB Holdings BV (Austria) |
1,750,000 | 1,905,040 | ||||||
JPMorgan Chase & Co |
||||||||
2.522% due 04/22/31 |
4,800,000 | 4,899,755 | ||||||
2.580% due 04/22/32 |
2,650,000 | 2,688,722 | ||||||
2.956% due 05/13/31 |
5,700,000 | 5,933,351 | ||||||
Liberty Mutual Group Inc |
5,650,000 | 5,378,917 | ||||||
LSEGA Financing PLC (United Kingdom) |
||||||||
2.500% due 04/06/31 ~ |
3,000,000 | 3,056,962 | ||||||
3.200% due 04/06/41 ~ |
2,200,000 | 2,275,121 |
Principal |
Value |
|||||||
Morgan Stanley |
||||||||
2.484% due 09/16/36 |
$ | 3,700,000 | $ | 3,623,252 | ||||
2.699% due 01/22/31 |
3,200,000 | 3,301,432 | ||||||
OneMain Finance Corp |
||||||||
5.375% due 11/15/29 |
1,575,000 | 1,709,032 | ||||||
6.125% due 03/15/24 |
5,200,000 | 5,562,700 | ||||||
Piedmont Operating Partnership LP REIT |
||||||||
3.150% due 08/15/30 |
1,550,000 | 1,595,784 | ||||||
4.450% due 03/15/24 |
3,100,000 | 3,317,149 | ||||||
Sabra Health Care LP REIT |
2,200,000 | 2,157,351 | ||||||
Teachers Insurance & Annuity Association of America |
3,000,000 | 3,629,435 | ||||||
The Goldman Sachs Group Inc |
||||||||
2.383% due 07/21/32 |
2,950,000 | 2,922,665 | ||||||
2.615% due 04/22/32 |
7,950,000 | 8,051,298 | ||||||
3.800% due 05/10/26 |
1,950,000 | 2,001,187 | ||||||
The Northwestern Mutual Life Insurance Co |
3,000,000 | 3,262,249 | ||||||
UBS Group AG (Switzerland) |
1,800,000 | 1,822,860 | ||||||
VICI Properties LP REIT |
||||||||
3.500% due 02/15/25 ~ |
2,300,000 | 2,348,875 | ||||||
4.625% due 12/01/29 ~ |
4,000,000 | 4,305,000 | ||||||
Wells Fargo & Co |
||||||||
3.900% due 03/15/26 |
3,900,000 | 4,024,312 | ||||||
4.400% due 06/14/46 |
3,750,000 | 4,462,352 | ||||||
|
|
|||||||
163,461,976 | ||||||||
|
|
|||||||
Industrial - 3.4% |
|
|||||||
Allegion US Holding Co Inc |
6,836,000 | 7,365,391 | ||||||
Berry Global Inc |
5,000,000 | 5,256,500 | ||||||
Flowserve Corp |
7,000,000 | 6,934,838 | ||||||
Masco Corp |
2,000,000 | 2,698,548 | ||||||
SMBC Aviation Capital Finance DAC (Ireland) |
1,000,000 | 1,004,319 | ||||||
SYNNEX Corp |
3,250,000 | 3,220,908 | ||||||
The Weir Group PLC (United Kingdom) |
7,750,000 | 7,830,611 | ||||||
TK Elevator US Newco Inc (Germany) |
2,500,000 | 2,623,063 | ||||||
Vontier Corp |
2,350,000 | 2,320,660 | ||||||
|
|
|||||||
39,254,838 | ||||||||
|
|
|||||||
Technology - 2.4% |
|
|||||||
Broadcom Inc |
||||||||
3.137% due 11/15/35 ~ |
5,000,000 | 4,988,901 | ||||||
3.187% due 11/15/36 ~ |
1,474,000 | 1,471,321 | ||||||
4.150% due 11/15/30 |
1,826,000 | 2,024,309 | ||||||
CGI Inc (Canada) |
3,350,000 | 3,258,031 | ||||||
Citrix Systems Inc |
2,800,000 | 2,861,609 | ||||||
Oracle Corp |
||||||||
2.875% due 03/25/31 |
2,650,000 | 2,728,839 | ||||||
3.950% due 03/25/51 |
5,000,000 | 5,283,032 | ||||||
Skyworks Solutions Inc |
1,300,000 | 1,330,603 | ||||||
VMware Inc |
3,250,000 | 3,180,014 | ||||||
|
|
|||||||
27,126,659 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-16
PACIFIC FUNDS
PACIFIC FUNDS CORE INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Utilities - 2.1% |
|
|||||||
DPL Inc |
||||||||
4.125% due 07/01/25 |
$ | 600,000 | $ | 642,750 | ||||
4.350% due 04/15/29 |
1,350,000 | 1,470,184 | ||||||
IPALCO Enterprises Inc |
2,400,000 | 2,696,184 | ||||||
NextEra Energy Operating Partners LP |
6,925,000 | 7,340,500 | ||||||
Pike Corp |
2,550,000 | 2,601,982 | ||||||
Southern California Edison Co |
1,550,000 | 1,665,146 | ||||||
Talen Energy Supply LLC |
||||||||
6.500% due 06/01/25 |
1,000,000 | 499,150 | ||||||
6.625% due 01/15/28 ~ |
2,500,000 | 2,323,325 | ||||||
Vistra Operations Co LLC |
2,500,000 | 2,630,274 | ||||||
WEC Energy Group Inc |
2,500,000 | 2,396,764 | ||||||
|
|
|||||||
24,266,259 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
492,567,153 | |||||||
|
|
|||||||
SENIOR LOAN NOTES - 18.0% |
|
|||||||
Communications - 1.2% |
||||||||
CSC Holdings LLC |
||||||||
Term B |
2,480,916 | 2,452,232 | ||||||
Term B-5 |
4,186,250 | 4,144,387 | ||||||
MTN Infrastructure TopCo Inc Term B |
5,969,072 | 5,965,341 | ||||||
SBA Senior Finance II LLC Term B |
1,190,769 | 1,180,722 | ||||||
|
|
|||||||
13,742,682 | ||||||||
|
|
|||||||
Consumer, Cyclical - 3.5% |
||||||||
ClubCorp Holdings Inc Term B |
4,819,895 | 4,542,751 | ||||||
Great Outdoors Group LLC Term B-1 |
2,233,125 | 2,246,850 | ||||||
Harbor Freight Tools USA Inc Term B |
1,985,000 | 1,986,467 | ||||||
Hayward Industries Inc Term B |
1,995,000 | 1,992,684 | ||||||
Hilton Grand Vacations Borrower LLC Term B 3.500% (USD LIBOR + 3.000%) |
2,000,000 | 2,007,000 | ||||||
Marriott Ownership Resorts Inc Term B |
3,849,779 | 3,795,644 | ||||||
Mileage Plus Holdings LLC Term B |
2,000,000 | 2,125,834 | ||||||
Restaurant Brands International Inc Term B (Canada) |
4,140,646 | 4,092,954 |
Principal |
Value |
|||||||
SeaWorld Parks & Entertainment Inc Term B 3.500% (USD LIBOR + 3.000%) |
$4,000,000 | $3,994,000 | ||||||
SRS Distribution Inc Term B |
2,500,000 | 2,502,188 | ||||||
Stars Group Holdings BV Term B (Canada) |
4,500,834 | 4,491,459 | ||||||
United AirLines Inc Term B |
6,965,000 | 7,028,632 | ||||||
|
|
|||||||
40,806,463 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 4.6% |
||||||||
Avantor Funding Inc Term B-4 |
3,823,758 | 3,826,943 | ||||||
Bausch Health Americas Inc Term B |
5,410,653 | 5,409,976 | ||||||
CoreLogic Inc Term B |
4,250,000 | 4,245,219 | ||||||
Heartland Dental LLC Term B |
3,491,250 | 3,487,431 | ||||||
Mavis Tire Express Services TopCo LP |
5,985,000 | 6,005,947 | ||||||
Mozart Borrower LP Term B |
1,750,000 | 1,741,250 | ||||||
Organon & Co Term B |
2,743,125 | 2,753,198 | ||||||
Pathway Vet Alliance LLC Term A |
4,441,013 | 4,437,128 | ||||||
PetVet Care Centers LLC Term B-3 |
4,676,203 | 4,686,920 | ||||||
PPD Inc Term B |
5,984,962 | 5,982,341 | ||||||
Spin Holdco Inc Term B |
2,493,750 | 2,503,491 | ||||||
Sunshine Luxembourg VII SARL Term B (Luxembourg) |
3,701,363 | 3,715,542 | ||||||
US Foods Inc Term B |
2,349,000 | 2,337,417 | ||||||
Wand NewCo 3 Inc Term B-1 |
1,759,638 | 1,744,929 | ||||||
|
|
|||||||
52,877,732 | ||||||||
|
|
|||||||
Financial - 2.4% |
||||||||
Acrisure LLC Term B |
2,221,832 | 2,202,391 | ||||||
AssuredPartners Inc Term B |
4,175,625 | 4,154,459 | ||||||
Avolon (US) LLC Term B-3 (Ireland) |
3,014,706 | 3,005,016 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-17
PACIFIC FUNDS
PACIFIC FUNDS CORE INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Deerfield Dakota Holding LLC Term B |
$ | 2,962,500 | $ | 2,974,931 | ||||
HUB International Ltd Term B |
7,369,849 | 7,308,436 | ||||||
NFP Corp Term B |
4,925,000 | 4,882,931 | ||||||
USI Inc Term B |
3,832,579 | 3,812,048 | ||||||
|
|
|||||||
28,340,212 | ||||||||
|
|
|||||||
Industrial - 2.6% |
||||||||
Brown Group Holding LLC Term B |
233,595 | 233,709 | ||||||
Engineered Components and Systems LLC Term B |
1,541,284 | 1,543,211 | ||||||
Filtration Group Corp Term B |
7,171,057 | 7,139,684 | ||||||
Madison IAQ LLC |
5,985,000 | 5,983,599 | ||||||
Pro Mach Group Inc Term B |
2,365,922 | 2,377,751 | ||||||
ProAmpac PG Borrower LLC Term B |
2,736,250 | 2,745,827 | ||||||
Quikrete Holdings Inc Term B-1 |
2,000,000 | 1,995,972 | ||||||
TransDigm Inc |
||||||||
Term E |
1,875,244 | 1,853,953 | ||||||
Term F |
5,696,034 | 5,631,065 | ||||||
TricorBraun Holdings Inc |
314 | 312 | ||||||
|
|
|||||||
29,505,083 | ||||||||
|
|
|||||||
Technology - 3.0% |
||||||||
Applied Systems Inc Term B |
1,966,765 | 1,968,609 | ||||||
Dell International LLC Term B-2 |
4,626,319 | 4,631,172 | ||||||
Epicor Software Corp Term B |
5,984,887 | 5,989,489 | ||||||
Peraton Corp Term B |
2,487,500 | 2,492,831 | ||||||
Sophia LP |
3,225,625 | 3,241,418 | ||||||
Tempo Acquisition LLC Term B |
4,762,217 | 4,779,480 | ||||||
The Dun & Bradstreet Corp Term B |
4,437,691 | 4,438,086 |
Principal |
Value |
|||||||
UKG Inc |
$ | 6,692,552 | $ | 6,714,302 | ||||
|
|
|||||||
34,255,387 | ||||||||
|
|
|||||||
Utilities - 0.7% |
|
|||||||
PG&E Corp Term B |
3,456,250 | 3,400,086 | ||||||
Pike Corp Term B |
4,794,521 | 4,800,514 | ||||||
|
|
|||||||
8,200,600 | ||||||||
|
|
|||||||
Total Senior Loan Notes |
207,728,159 | |||||||
|
|
|||||||
MORTGAGE-BACKED SECURITIES - 1.8% |
|
|||||||
Fannie Mae - 1.8% |
|
|||||||
due 10/01/36 # |
17,500,000 | 18,024,316 | ||||||
due 10/01/51 # |
3,000,000 | 3,008,321 | ||||||
|
|
|||||||
21,032,637 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
21,032,637 | |||||||
|
|
|||||||
ASSET-BACKED SECURITIES - 17.9% |
|
|||||||
Aimco CLO 11 Ltd (Cayman) |
4,700,000 | 4,706,631 | ||||||
AmeriCredit Automobile Receivables Trust |
||||||||
0.760% due 12/18/25 |
2,450,000 | 2,458,043 | ||||||
0.890% due 10/19/26 |
2,450,000 | 2,456,435 | ||||||
0.970% due 02/18/26 |
1,000,000 | 1,007,121 | ||||||
1.480% due 02/18/26 |
1,000,000 | 1,014,157 | ||||||
2.600% due 09/18/23 |
1,524,333 | 1,532,445 | ||||||
2.690% due 06/19/23 |
1,059,089 | 1,063,116 | ||||||
3.130% due 02/18/25 |
1,250,000 | 1,265,997 | ||||||
3.360% due 02/18/25 |
1,000,000 | 1,027,751 | ||||||
Apidos CLO (Cayman) |
3,600,000 | 3,602,692 | ||||||
Buttermilk Park CLO Ltd (Cayman) |
1,600,000 | 1,601,338 | ||||||
Carlyle Global Market Strategies CLO Ltd |
||||||||
1.179% (USD LIBOR + 1.050%) |
991,833 | 992,825 | ||||||
1.679% (USD LIBOR + 1.550%) |
2,000,000 | 1,998,500 | ||||||
CIFC Funding 2015-III Ltd (Cayman) |
1,500,000 | 1,500,750 | ||||||
Dryden 53 CLO Ltd (Cayman) |
1,500,000 | 1,489,985 | ||||||
Dryden 61 CLO Ltd (Cayman) |
4,250,000 | 4,250,102 | ||||||
Dryden CLO Ltd (Cayman) |
||||||||
1.534% (USD LIBOR + 1.400%) |
1,600,000 | 1,602,015 | ||||||
1.634% (USD LIBOR + 1.500%) |
2,000,000 | 2,003,496 | ||||||
1.884% (USD LIBOR + 1.750%) |
2,250,000 | 2,247,036 | ||||||
1.934% (USD LIBOR + 1.800%) |
2,000,000 | 1,985,699 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-18
PACIFIC FUNDS
PACIFIC FUNDS CORE INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
2.026% (USD LIBOR + 1.900%) |
$ | 1,000,000 | $ | 994,403 | ||||
Ford Credit Auto Owner Trust |
||||||||
1.190% due 01/15/26 |
1,350,000 | 1,368,343 | ||||||
2.040% due 12/15/26 |
1,000,000 | 1,030,920 | ||||||
2.040% due 08/15/31 ~ |
2,000,000 | 2,070,159 | ||||||
3.190% due 07/15/31 ~ |
4,000,000 | 4,287,150 | ||||||
Madison Park Funding Ltd (Cayman) |
||||||||
1.726% (USD LIBOR + 1.600%) |
2,600,000 | 2,601,390 | ||||||
1.884% (USD LIBOR + 1.750%) |
2,600,000 | 2,602,342 | ||||||
1.976% (USD LIBOR + 1.850%) |
1,400,000 | 1,391,822 | ||||||
Magnetite Ltd (Cayman) |
3,000,000 | 3,004,648 | ||||||
Magnetite XIV-R Ltd (Cayman) |
2,500,000 | 2,503,482 | ||||||
Magnetite XXIX Ltd (Cayman) |
3,250,000 | 3,252,499 | ||||||
MVW LLC |
540,758 | 547,601 | ||||||
Navient Private Education Refi Loan Trust |
||||||||
0.840% due 05/15/69 ~ |
1,089,523 | 1,088,841 | ||||||
1.170% due 09/16/69 ~ |
785,964 | 790,451 | ||||||
1.220% due 07/15/69 ~ |
1,185,628 | 1,193,036 | ||||||
1.310% due 01/15/69 ~ |
2,011,780 | 2,026,914 | ||||||
1.690% due 05/15/69 ~ |
5,549,514 | 5,631,951 | ||||||
2.460% due 11/15/68 ~ |
1,000,000 | 1,034,798 | ||||||
2.640% due 05/15/68 ~ |
1,534,299 | 1,565,220 | ||||||
Navient Student Loan Trust |
||||||||
0.686% (USD LIBOR + 0.600%) |
2,833,749 | 2,856,803 | ||||||
0.806% (USD LIBOR + 0.720%) |
2,000,000 | 2,026,453 | ||||||
1.136% (USD LIBOR + 1.050%) |
2,260,643 | 2,324,171 | ||||||
1.310% due 12/26/69 ~ |
2,078,083 | 2,052,818 | ||||||
1.320% due 08/26/69 ~ |
4,075,882 | 4,025,546 | ||||||
Neuberger Berman Loan Advisers CLO 25 Ltd (Cayman) |
||||||||
1.064% (USD LIBOR + 0.930%) |
2,600,000 | 2,604,550 | ||||||
1.484% (USD LIBOR + 1.350%) |
1,500,000 | 1,496,920 | ||||||
Neuberger Berman Loan Advisers CLO 40 Ltd (Cayman) |
500,000 | 501,125 | ||||||
Palmer Square CLO Ltd (Cayman) |
||||||||
0.975% (USD LIBOR + 0.850%) |
321,152 | 321,413 | ||||||
1.226% (USD LIBOR + 1.100%) |
2,500,000 | 2,501,880 | ||||||
1.495% (USD LIBOR + 1.370%) |
6,500,000 | 6,518,310 | ||||||
Palmer Square Loan Funding Ltd (Cayman) |
||||||||
due 10/15/29 # ~ |
9,700,000 | 9,700,000 | ||||||
0.931% (USD LIBOR + 0.800%) |
1,387,922 | 1,389,656 | ||||||
1.025% (USD LIBOR + 0.900%) |
997,339 | 997,938 | ||||||
1.025% (USD LIBOR + 0.900%) |
1,458,558 | 1,459,287 | ||||||
1.034% (USD LIBOR + 0.900%) |
4,835,075 | 4,839,958 |
Principal |
Value |
|||||||
1.381% (USD LIBOR + 1.250%) |
$ | 6,000,000 | $ | 6,000,780 | ||||
1.481% (USD LIBOR + 1.350%) |
2,350,000 | 2,352,286 | ||||||
1.571% (USD LIBOR + 1.400%) |
4,500,000 | 4,496,256 | ||||||
1.725% (USD LIBOR + 1.600%) |
1,750,000 | 1,750,958 | ||||||
1.934% (USD LIBOR + 1.800%) due 04/20/29 ~ § |
750,000 | 750,750 | ||||||
2.031% (USD LIBOR + 1.900%) |
1,200,000 | 1,201,022 | ||||||
Regatta XIV Funding Ltd (Cayman) |
1,400,000 | 1,401,903 | ||||||
Santander Drive Auto Receivables Trust |
||||||||
0.730% due 03/17/25 |
2,200,000 | 2,207,168 | ||||||
0.750% due 02/17/26 |
3,700,000 | 3,716,614 | ||||||
0.960% due 11/15/24 |
1,200,000 | 1,203,738 | ||||||
1.460% due 09/15/25 |
1,000,000 | 1,010,675 | ||||||
2.490% due 10/15/25 |
1,700,702 | 1,711,834 | ||||||
SLM Student Loan Trust |
1,793,167 | 1,807,292 | ||||||
SMB Private Education Loan Trust |
||||||||
0.814% (USD LIBOR + 0.730%) |
10,900,000 | 10,962,755 | ||||||
1.070% due 01/15/53 ~ |
5,260,532 | 5,189,848 | ||||||
1.290% due 07/15/53 ~ |
2,851,449 | 2,864,388 | ||||||
2.230% due 09/15/37 ~ |
6,500,000 | 6,666,850 | ||||||
2.340% due 09/15/34 ~ |
1,835,232 | 1,868,414 | ||||||
2.430% due 02/17/32 ~ |
2,329,207 | 2,383,447 | ||||||
2.700% due 05/15/31 ~ |
1,278,135 | 1,308,332 | ||||||
2.820% due 10/15/35 ~ |
2,852,904 | 2,947,492 | ||||||
2.880% due 09/15/34 ~ |
2,642,320 | 2,714,964 | ||||||
3.440% due 07/15/36 ~ |
2,013,375 | 2,102,132 | ||||||
3.500% due 02/15/36 ~ |
3,881,679 | 4,075,103 | ||||||
3.600% due 01/15/37 ~ |
1,060,273 | 1,119,248 | ||||||
3.630% due 11/15/35 ~ |
1,428,632 | 1,500,692 | ||||||
Sofi Consumer Loan Program Trust |
||||||||
2.450% due 08/25/28 ~ |
240,195 | 241,097 | ||||||
Sofi Professional Loan Program LLC |
||||||||
2.370% due 11/16/48 ~ |
1,756,422 | 1,789,434 | ||||||
SoFi Professional Loan Program Trust |
||||||||
2.540% due 05/15/46 ~ |
2,150,000 | 2,207,995 | ||||||
TIAA CLO IV Ltd (Cayman) |
2,750,000 | 2,744,876 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
206,707,275 | |||||||
|
|
|||||||
U.S. TREASURY OBLIGATIONS - 15.8% |
|
|||||||
U.S. Treasury Bonds - 3.2% |
|
|||||||
1.125% due 05/15/40 |
14,500,000 | 12,537,402 | ||||||
1.375% due 08/15/50 |
3,250,000 | 2,743,457 | ||||||
1.750% due 08/15/41 |
5,000,000 | 4,781,250 | ||||||
2.250% due 08/15/46 |
2,550,000 | 2,634,369 | ||||||
2.500% due 02/15/46 |
3,500,000 | 3,786,289 | ||||||
2.500% due 05/15/46 |
3,000,000 | 3,247,149 | ||||||
2.750% due 11/15/47 |
2,000,000 | 2,272,969 | ||||||
3.000% due 11/15/44 |
2,000,000 | 2,348,828 | ||||||
3.000% due 02/15/49 |
1,500,000 | 1,793,555 | ||||||
|
|
|||||||
36,145,268 | ||||||||
|
|
|||||||
U.S. Treasury Notes - 12.6% |
|
|||||||
0.250% due 10/31/25 |
7,000,000 | 6,841,133 | ||||||
0.375% due 09/30/27 |
5,000,000 | 4,772,168 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-19
PACIFIC FUNDS
PACIFIC FUNDS CORE INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
0.500% due 06/30/27 |
$5,000,000 | $4,827,734 | ||||||
0.500% due 10/31/27 |
8,000,000 | 7,679,687 | ||||||
0.625% due 11/30/27 |
7,000,000 | 6,762,109 | ||||||
0.625% due 05/15/30 |
18,000,000 | 16,805,039 | ||||||
1.125% due 02/28/27 |
7,000,000 | 7,025,703 | ||||||
1.125% due 02/15/31 |
11,500,000 | 11,140,625 | ||||||
1.250% due 08/15/31 |
19,500,000 | 19,029,258 | ||||||
1.625% due 02/15/26 |
7,000,000 | 7,224,766 | ||||||
1.625% due 05/15/26 |
8,000,000 | 8,253,125 | ||||||
1.625% due 09/30/26 |
10,000,000 | 10,313,281 | ||||||
1.750% due 11/15/29 |
10,000,000 | 10,279,102 | ||||||
2.250% due 02/15/27 |
2,000,000 | 2,125,000 | ||||||
2.375% due 05/15/29 |
5,000,000 | 5,368,457 | ||||||
2.500% due 02/28/26 |
7,400,000 | 7,921,758 | ||||||
2.625% due 02/15/29 |
7,000,000 | 7,633,965 | ||||||
2.875% due 08/15/28 |
1,250,000 | 1,381,201 | ||||||
|
|
|||||||
145,384,111 | ||||||||
|
|
|||||||
Total U.S. Treasury Obligations |
181,529,379 | |||||||
|
|
|||||||
Shares |
||||||||
SHORT-TERM INVESTMENT - 6.5% |
|
|||||||
Money Market Fund - 6.5% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
75,255,455 | 75,255,455 | ||||||
|
|
|||||||
Total Short-Term Investment |
75,255,455 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 102.7% |
|
1,184,820,058 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (2.7%) |
|
(31,206,989 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$1,153,613,069 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Corporate Bonds & Notes |
42.7% | |||
Senior Loan Notes |
18.0% | |||
Asset-Backed Securities |
17.9% | |||
U.S. Treasury Obligations |
15.8% | |||
Short-Term Investment |
6.5% | |||
Others (each less than 3.0%) |
1.8% | |||
|
|
|||
102.7% | ||||
Other Assets & Liabilities, Net |
(2.7% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Pursuant to the terms of the following senior loan agreements, the Fund had unfunded loan commitments which could be extended at the option of the borrower. |
Borrower | Unfunded Loan Commitments |
Value | Unrealized Appreciation (Depreciation) |
|||||||||
Engineered Components and Systems LLC ± |
$458,716 | $459,289 | $573 | |||||||||
Pro Mach Group Inc |
384,078 | 385,999 | 1,921 | |||||||||
|
|
|
|
|
|
|||||||
$842,794 | $845,288 | $2,494 | ||||||||||
|
|
|
|
|
|
(c) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Corporate Bonds & Notes |
$492,567,153 | $ | $492,567,153 | $ | |||||||||||||
Senior Loan Notes |
207,728,159 | | 206,184,948 | 1,543,211 | ||||||||||||||
Mortgage-Backed Securities |
21,032,637 | | 21,032,637 | | ||||||||||||||
Asset-Backed Securities |
206,707,275 | | 206,707,275 | | ||||||||||||||
U.S. Treasury Obligations |
181,529,379 | | 181,529,379 | | ||||||||||||||
Short-Term Investment |
75,255,455 | 75,255,455 | | | ||||||||||||||
Unfunded Loan Commitments |
845,288 | | 385,999 | 459,289 | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$1,185,665,346 | $75,255,455 | $1,108,407,391 | $2,002,500 | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-20
PACIFIC FUNDS
PACIFIC FUNDSSM ESG CORE BOND
Schedule of Investments
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CORPORATE BONDS & NOTES - 59.5% |
|
|||||||
Communications - 3.4% |
|
|||||||
Charter Communications Operating LLC |
$250,000 | $238,308 | ||||||
Sprint Spectrum Co LLC |
262,500 | 280,678 | ||||||
The Walt Disney Co |
100,000 | 104,472 | ||||||
Verizon Communications Inc |
||||||||
2.850% due 09/03/41 |
50,000 | 48,879 | ||||||
3.400% due 03/22/41 |
250,000 | 261,326 | ||||||
|
|
|||||||
933,663 | ||||||||
|
|
|||||||
Consumer, Cyclical - 2.7% |
|
|||||||
Delta Air Lines Pass-Through Trust AA |
200,000 | 211,348 | ||||||
Ferguson Finance PLC |
200,000 | 213,935 | ||||||
Marriott International Inc |
100,000 | 106,338 | ||||||
Meritage Homes Corp |
200,000 | 210,250 | ||||||
|
|
|||||||
741,871 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 7.9% |
|
|||||||
Amgen Inc |
100,000 | 101,042 | ||||||
Anheuser-Busch InBev Worldwide Inc (Belgium) |
500,000 | 539,945 | ||||||
Cigna Corp |
200,000 | 201,987 | ||||||
CVS Health Corp |
300,000 | 287,816 | ||||||
HCA Inc |
125,000 | 141,758 | ||||||
Humana Inc |
250,000 | 266,725 | ||||||
IHS Markit Ltd |
100,000 | 106,545 | ||||||
McKesson Corp |
250,000 | 248,097 | ||||||
Takeda Pharmaceutical Co Ltd (Japan) |
200,000 | 197,013 | ||||||
Zoetis Inc |
100,000 | 99,152 | ||||||
|
|
|||||||
2,190,080 | ||||||||
|
|
|||||||
Energy - 2.2% |
|
|||||||
Cheniere Corpus Christi Holdings LLC |
150,000 | 148,722 | ||||||
Kinder Morgan Energy Partners LP |
200,000 | 236,513 | ||||||
Sabine Pass Liquefaction LLC |
200,000 | 227,071 | ||||||
|
|
|||||||
612,306 | ||||||||
|
|
|||||||
Financial - 24.2% |
|
|||||||
Air Lease Corp |
450,000 | 448,664 | ||||||
American Tower Corp REIT |
100,000 | 105,054 | ||||||
Banco Santander SA (Spain) |
200,000 | 199,156 | ||||||
Bank of America Corp |
350,000 | 343,238 | ||||||
Broadstone Net Lease LLC |
200,000 | 197,780 |
Principal |
Value |
|||||||
Citigroup Inc |
||||||||
2.572% due 06/03/31 |
$250,000 | $254,976 | ||||||
4.125% due 07/25/28 |
250,000 | 279,272 | ||||||
Fidelity National Financial Inc |
150,000 | 143,372 | ||||||
Healthpeak Properties Inc REIT |
150,000 | 148,444 | ||||||
HSBC Holdings PLC (United Kingdom) |
250,000 | 255,568 | ||||||
ING Groep NV (Netherlands) |
200,000 | 201,224 | ||||||
JPMorgan Chase & Co |
250,000 | 260,235 | ||||||
Morgan Stanley |
500,000 | 553,633 | ||||||
Nordea Bank Abp (Finland) |
350,000 | 349,139 | ||||||
PNC Bank NA |
250,000 | 262,299 | ||||||
Rayonier LP REIT |
550,000 | 548,097 | ||||||
Reliance Standard Life Global Funding II |
200,000 | 210,923 | ||||||
Sun Communities Operating LP REIT |
150,000 | 151,732 | ||||||
The Goldman Sachs Group Inc |
500,000 | 553,729 | ||||||
Truist Bank |
250,000 | 261,426 | ||||||
UBS Group AG (Switzerland) |
200,000 | 202,540 | ||||||
UDR Inc REIT |
250,000 | 272,076 | ||||||
Ventas Realty LP REIT |
250,000 | 261,403 | ||||||
Weyerhaeuser Co REIT |
200,000 | 226,506 | ||||||
|
|
|||||||
6,690,486 | ||||||||
|
|
|||||||
Industrial - 7.8% |
|
|||||||
Allegion US Holding Co Inc |
300,000 | 323,232 | ||||||
Flowserve Corp |
250,000 | 247,673 | ||||||
Keysight Technologies Inc |
250,000 | 264,091 | ||||||
Masco Corp |
200,000 | 218,369 | ||||||
Ryder System Inc |
200,000 | 209,122 | ||||||
The Weir Group PLC (United Kingdom) |
900,000 | 909,361 | ||||||
|
|
|||||||
2,171,848 | ||||||||
|
|
|||||||
Technology - 7.1% |
|
|||||||
Broadcom Inc |
12,000 | 11,978 | ||||||
4.150% due 11/15/30 |
238,000 | 263,848 | ||||||
Citrix Systems Inc |
325,000 | 332,151 | ||||||
Dell International LLC |
300,000 | 345,807 | ||||||
Fiserv Inc |
250,000 | 272,389 | ||||||
Hewlett Packard Enterprise Co |
250,000 | 253,768 | ||||||
International Business Machines Corp |
150,000 | 165,845 | ||||||
Oracle Corp |
300,000 | 307,019 | ||||||
|
|
|||||||
1,952,805 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-21
PACIFIC FUNDS
PACIFIC FUNDS ESG CORE BOND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Utilities - 4.2% |
|
|||||||
Dominion Energy Inc |
$300,000 | $299,300 | ||||||
Enel Finance International NV (Italy) |
||||||||
1.875% due 07/12/28 ~ |
500,000 | 498,280 | ||||||
2.650% due 09/10/24 ~ |
200,000 | 209,626 | ||||||
NextEra Energy Capital Holdings Inc |
150,000 | 150,189 | ||||||
|
|
|||||||
1,157,395 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
16,450,454 | |||||||
|
|
|||||||
MORTGAGE-BACKED SECURITIES - 3.9% |
|
|||||||
Fannie Mae - 2.3% |
|
|||||||
2.000% due 09/01/35 |
182,583 | 188,249 | ||||||
2.000% due 12/01/35 |
423,571 | 436,715 | ||||||
|
|
|||||||
624,964 | ||||||||
|
|
|||||||
Freddie Mac - 1.6% |
|
|||||||
2.000% due 12/01/35 |
427,228 | 440,486 | ||||||
|
|
|||||||
Total Mortgage-Backed Securities |
1,065,450 | |||||||
|
|
|||||||
ASSET-BACKED SECURITIES - 18.5% |
|
|||||||
Ally Auto Receivables Trust |
155,556 | 155,729 | ||||||
Ford Credit Auto Owner Trust |
450,000 | 446,579 | ||||||
GM Financial Consumer Automobile |
156,886 | 156,926 | ||||||
GM Financial Revolving Receivables Trust |
150,000 | 149,269 | ||||||
Magnetite Ltd (Cayman) |
||||||||
1.106% (USD LIBOR + 0.980%) |
250,000 | 250,387 | ||||||
1.395% (USD LIBOR + 1.270%) |
250,000 | 250,399 | ||||||
Navient Private Education Refi Loan Trust |
217,905 | 217,768 | ||||||
Navient Student Loan Trust |
141,687 | 142,840 | ||||||
1.310% due 12/26/69 ~ |
236,146 | 233,275 | ||||||
1.320% due 08/26/69 ~ |
206,084 | 203,539 | ||||||
OCP CLO Ltd (Cayman) |
250,000 | 249,982 | ||||||
Palmer Square CLO Ltd (Cayman) |
250,000 | 250,188 | ||||||
Palmer Square Loan Funding Ltd (Cayman) |
500,000 | 500,000 | ||||||
0.971% (USD LIBOR + 0.800%) |
250,000 | 249,476 | ||||||
1.034% (USD LIBOR + 0.900%) |
439,552 | 439,996 | ||||||
Santander Drive Auto Receivables Trust |
||||||||
0.590% due 09/15/25 |
200,000 | 200,355 | ||||||
0.750% due 02/17/26 |
750,000 | 753,368 |
Principal |
Value |
|||||||
SMB Private Education Loan Trust |
||||||||
0.584% (USD LIBOR + 0.500%) |
$59,069 | $59,157 | ||||||
1.070% due 01/15/53 ~ |
219,189 | 216,244 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
5,125,477 | |||||||
|
|
|||||||
U.S. TREASURY OBLIGATIONS - 16.2% |
|
|||||||
U.S. Treasury Bonds - 2.1% |
|
|||||||
1.625% due 11/15/50 |
500,000 | 449,356 | ||||||
1.750% due 08/15/41 |
125,000 | 119,531 | ||||||
|
|
|||||||
568,887 | ||||||||
|
|
|||||||
U.S. Treasury Notes - 14.1% |
|
|||||||
0.125% due 11/30/22 |
1,300,000 | 1,300,051 | ||||||
0.375% due 11/30/25 |
1,500,000 | 1,471,699 | ||||||
0.875% due 11/15/30 |
1,200,000 | 1,139,086 | ||||||
|
|
|||||||
3,910,836 | ||||||||
|
|
|||||||
Total U.S. Treasury Obligations |
4,479,723 | |||||||
|
|
|||||||
Shares |
||||||||
SHORT-TERM INVESTMENT - 3.2% |
|
|||||||
Money Market Fund - 3.2% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio |
||||||||
Institutional 0.010% |
878,065 | 878,065 | ||||||
|
|
|||||||
Total Short-Term Investment |
878,065 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 101.3% |
27,999,169 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (1.3%) |
|
(354,653 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$27,644,516 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Corporate Bonds & Notes |
59.5% | |||
Asset-Backed Securities |
18.5% | |||
U.S. Treasury Obligations |
16.2% | |||
Mortgage-Backed Securities |
3.9% | |||
Short-Term Investment |
3.2% | |||
|
|
|||
101.3% | ||||
Other Assets & Liabilities, Net |
(1.3% | ) | ||
|
|
|||
100.0% | ||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-22
PACIFIC FUNDS
PACIFIC FUNDS ESG CORE BOND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Corporate Bonds & Notes |
$16,450,454 | $ | $16,450,454 | $ | |||||||||||||
Mortgage-Backed Securities |
1,065,450 | | 1,065,450 | | ||||||||||||||
Asset-Backed Securities |
5,125,477 | | 5,125,477 | | ||||||||||||||
U.S. Treasury Obligations |
4,479,723 | | 4,479,723 | | ||||||||||||||
Short-Term Investment |
878,065 | 878,065 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$27,999,169 | $878,065 | $27,121,104 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-23
PACIFIC FUNDS
PACIFIC FUNDSSM STRATEGIC INCOME
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 1.2% |
||||||||
Basic Materials - 0.1% |
||||||||
Constellium SE * |
67,453 | $1,266,767 | ||||||
|
|
|||||||
Consumer, Cyclical - 0.3% |
||||||||
Beazer Homes USA Inc * |
48,898 | 843,491 | ||||||
Cedar Fair LP * |
21,677 | 1,005,379 | ||||||
Six Flags Entertainment Corp * |
39,347 | 1,672,247 | ||||||
|
|
|||||||
3,521,117 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 0.1% |
||||||||
HCA Healthcare Inc |
5,395 | 1,309,474 | ||||||
|
|
|||||||
Financial - 0.3% |
||||||||
Bank of America Corp |
58,223 | 2,471,566 | ||||||
Wells Fargo & Co |
40,688 | 1,888,330 | ||||||
|
|
|||||||
4,359,896 | ||||||||
|
|
|||||||
Industrial - 0.2% |
||||||||
GFL Environmental Inc (Canada) |
30,216 | 1,122,524 | ||||||
TNT Crane & Rigging Inc |
4,054 | 76,394 | ||||||
Xylem Inc |
17,839 | 2,206,328 | ||||||
|
|
|||||||
3,405,246 | ||||||||
|
|
|||||||
Utilities - 0.2% |
||||||||
Evoqua Water Technologies Corp * |
54,926 | 2,063,021 | ||||||
|
|
|||||||
Total Common Stocks |
15,925,521 | |||||||
|
|
|||||||
EXCHANGE-TRADED FUND - 0.6% |
||||||||
SPDR Bloomberg Barclays High Yield Bond |
77,175 | 8,439,858 | ||||||
|
|
|||||||
Total Exchange-Traded Fund |
8,439,858 | |||||||
|
|
|||||||
Principal |
||||||||
CORPORATE BONDS & NOTES - 60.0% |
|
|||||||
Basic Materials - 1.8% |
|
|||||||
Allegheny Technologies Inc |
$50,000 | 50,456 | ||||||
Anglo American Capital PLC (South Africa) |
||||||||
2.625% due 09/10/30 ~ |
4,450,000 | 4,423,782 | ||||||
2.875% due 03/17/31 ~ |
3,000,000 | 3,013,469 | ||||||
JW Aluminum Continuous Cast Co |
2,785,000 | 2,994,724 | ||||||
Novelis Corp |
500,000 | 507,740 | ||||||
3.250% due 11/15/26 ~ |
||||||||
3.875% due 08/15/31 ~ |
2,179,000 | 2,157,864 | ||||||
Perenti Finance Pty Ltd (Australia) |
2,050,000 | 2,157,696 | ||||||
SPCM SA (France) |
400,000 | 400,980 | ||||||
3.125% due 03/15/27 ~ |
||||||||
3.375% due 03/15/30 ~ |
5,000,000 | 5,002,375 | ||||||
TMS International Corp |
2,476,000 | 2,590,515 | ||||||
WR Grace Holdings LLC |
1,150,000 | 1,187,387 | ||||||
|
|
|||||||
24,486,988 | ||||||||
|
|
|||||||
Communications - 6.5% |
|
|||||||
Arches Buyer Inc |
3,175,000 | 3,223,101 |
Principal |
Value |
|||||||
AT&T Inc |
||||||||
2.250% due 02/01/32 |
$2,475,000 | $2,411,822 | ||||||
2.300% due 06/01/27 |
4,000,000 | 4,143,053 | ||||||
4.350% due 03/01/29 |
3,500,000 | 4,015,772 | ||||||
Avaya Inc |
3,275,000 | 3,447,658 | ||||||
Booking Holdings Inc |
5,950,000 | 7,075,890 | ||||||
CCO Holdings LLC |
1,375,000 | 1,363,828 | ||||||
Charter Communications Operating LLC |
||||||||
2.800% due 04/01/31 |
1,950,000 | 1,956,011 | ||||||
3.750% due 02/15/28 |
1,500,000 | 1,643,912 | ||||||
4.200% due 03/15/28 |
5,750,000 | 6,426,696 | ||||||
5.050% due 03/30/29 |
1,500,000 | 1,757,495 | ||||||
CSC Holdings LLC |
1,400,000 | 1,328,992 | ||||||
5.750% due 01/15/30 ~ |
200,000 | 203,631 | ||||||
6.500% due 02/01/29 ~ |
2,725,000 | 2,954,445 | ||||||
Frontier Communications Holdings Corp |
4,250,000 | 4,467,813 | ||||||
LogMeIn Inc |
4,600,000 | 4,686,250 | ||||||
Match Group Holdings II LLC |
925,000 | 915,177 | ||||||
Sirius XM Radio Inc |
4,775,000 | 4,670,547 | ||||||
Sprint Capital Corp |
1,000,000 | 1,495,110 | ||||||
T-Mobile USA Inc |
||||||||
2.625% due 02/15/29 |
175,000 | 177,067 | ||||||
2.875% due 02/15/31 |
75,000 | 75,731 | ||||||
3.375% due 04/15/29 ~ |
925,000 | 966,162 | ||||||
3.375% due 04/15/29 |
1,125,000 | 1,175,063 | ||||||
3.500% due 04/15/31 |
375,000 | 395,957 | ||||||
3.500% due 04/15/31 ~ |
750,000 | 791,913 | ||||||
3.750% due 04/15/27 |
5,000,000 | 5,511,958 | ||||||
3.875% due 04/15/30 |
4,000,000 | 4,418,777 | ||||||
4.375% due 04/15/40 |
1,900,000 | 2,191,357 | ||||||
Uber Technologies Inc |
3,775,000 | 3,808,031 | ||||||
Verizon Communications Inc |
11,500,000 | 11,649,007 | ||||||
|
|
|||||||
89,348,226 | ||||||||
|
|
|||||||
Consumer, Cyclical - 8.7% |
|
|||||||
Air Canada Pass-Through Trust B (Canada) |
574,650 | 581,522 | ||||||
American Airlines Inc |
1,125,000 | 1,213,594 | ||||||
American Airlines Pass-Through Trust A |
1,791,497 | 1,728,331 | ||||||
4.100% due 07/15/29 |
1,142,796 | 1,137,489 | ||||||
American Airlines Pass-Through Trust AA |
2,710,213 | 2,746,868 | ||||||
American Airlines Pass-Through Trust B |
788,547 | 779,738 | ||||||
British Airways Pass-Through Trust AA (United Kingdom) |
2,620,911 | 2,665,498 | ||||||
Caesars Entertainment Inc |
125,000 | 126,719 | ||||||
Caesars Resort Collection LLC |
1,116,000 | 1,132,573 | ||||||
Carvana Co |
||||||||
4.875% due 09/01/29 ~ |
1,375,000 | 1,363,381 | ||||||
5.500% due 04/15/27 ~ |
375,000 | 383,231 | ||||||
5.625% due 10/01/25 ~ |
3,875,000 | 4,010,761 | ||||||
Cedar Fair LP |
5,500,000 | 5,647,455 | ||||||
Dornoch Debt Merger Sub Inc |
2,070,000 | 2,072,588 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-24
PACIFIC FUNDS
PACIFIC FUNDS STRATEGIC INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
DR Horton Inc |
$3,000,000 | $2,968,152 | ||||||
Ford Motor Co |
3,825,000 | 4,995,832 | ||||||
Ford Motor Credit Co LLC |
||||||||
3.375% due 11/13/25 |
400,000 | 411,500 | ||||||
4.000% due 11/13/30 |
400,000 | 416,500 | ||||||
4.125% due 08/17/27 |
1,000,000 | 1,061,750 | ||||||
General Motors Co |
||||||||
4.200% due 10/01/27 |
4,000,000 | 4,449,345 | ||||||
6.125% due 10/01/25 |
1,950,000 | 2,285,598 | ||||||
General Motors Financial Co Inc |
||||||||
4.350% due 01/17/27 |
5,000,000 | 5,608,834 | ||||||
5.100% due 01/17/24 |
1,000,000 | 1,091,901 | ||||||
Golden Nugget Inc |
2,375,000 | 2,381,056 | ||||||
Hilton Grand Vacations Borrower Escrow LLC |
||||||||
4.875% due 07/01/31 ~ |
2,775,000 | 2,788,875 | ||||||
5.000% due 06/01/29 ~ |
1,875,000 | 1,914,844 | ||||||
Hyatt Hotels Corp |
5,450,000 | 6,549,259 | ||||||
Hyundai Capital America |
5,000,000 | 4,957,572 | ||||||
Kohls Corp |
5,950,000 | 6,130,188 | ||||||
MajorDrive Holdings IV LLC |
4,875,000 | 4,717,635 | ||||||
Marriott International Inc |
4,000,000 | 4,054,433 | ||||||
Midwest Gaming Borrower LLC |
4,625,000 | 4,717,500 | ||||||
PetSmart Inc |
||||||||
4.750% due 02/15/28 ~ |
250,000 | 257,188 | ||||||
7.750% due 02/15/29 ~ |
6,150,000 | 6,719,213 | ||||||
SeaWorld Parks & Entertainment Inc |
1,150,000 | 1,178,031 | ||||||
SRS Distribution Inc |
2,750,000 | 2,808,988 | ||||||
6.125% due 07/01/29 ~ |
375,000 | 386,723 | ||||||
STL Holding Co LLC |
3,400,000 | 3,595,500 | ||||||
The Michaels Cos Inc |
2,900,000 | 3,017,377 | ||||||
The Scotts Miracle-Gro Co |
||||||||
4.000% due 04/01/31 ~ |
4,375,000 | 4,372,244 | ||||||
4.375% due 02/01/32 ~ |
925,000 | 933,672 | ||||||
United Airlines Pass-Through Trust AA |
2,458,371 | 2,654,675 | ||||||
Viking Cruises Ltd |
||||||||
6.250% due 05/15/25 ~ |
3,200,000 | 3,217,888 | ||||||
7.000% due 02/15/29 ~ |
2,175,000 | 2,202,981 | ||||||
Viking Ocean Cruises Ship VII Ltd |
175,000 | 175,309 | ||||||
|
|
|||||||
118,610,311 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 6.9% |
|
|||||||
Ahern Rentals Inc |
6,600,000 | 6,336,000 | ||||||
Allied Universal Holdco LLC |
5,950,000 | 6,480,889 | ||||||
AmerisourceBergen Corp |
8,000,000 | 8,188,167 | ||||||
Anheuser-Busch InBev Worldwide Inc (Belgium) |
6,825,000 | 8,041,887 | ||||||
Avantor Funding Inc |
3,375,000 | 3,556,406 | ||||||
Avery Dennison Corp |
3,000,000 | 2,940,657 | ||||||
Bausch Health Americas Inc |
||||||||
8.500% due 01/31/27 ~ |
450,000 | 479,902 | ||||||
9.250% due 04/01/26 ~ |
1,500,000 | 1,603,838 | ||||||
Bausch Health Cos Inc |
||||||||
4.875% due 06/01/28 ~ |
1,500,000 | 1,556,250 |
Principal |
Value |
|||||||
5.000% due 01/30/28 ~ |
$800,000 | $760,172 | ||||||
5.000% due 02/15/29 ~ |
400,000 | 373,108 | ||||||
5.250% due 02/15/31 ~ |
200,000 | 184,211 | ||||||
6.125% due 04/15/25 ~ |
3,302,000 | 3,374,314 | ||||||
Catalent Pharma Solutions Inc |
925,000 | 926,156 | ||||||
Central Garden & Pet Co |
4,625,000 | 4,702,589 | ||||||
Cigna Corp |
4,100,000 | 4,140,743 | ||||||
Community Health Systems Inc |
||||||||
4.750% due 02/15/31 ~ |
765,000 | 770,737 | ||||||
5.625% due 03/15/27 ~ |
325,000 | 340,724 | ||||||
6.625% due 02/15/25 ~ |
3,775,000 | 3,954,312 | ||||||
6.875% due 04/15/29 ~ |
75,000 | 75,280 | ||||||
CoreLogic Inc |
4,225,000 | 4,203,875 | ||||||
CoStar Group Inc |
3,600,000 | 3,664,115 | ||||||
Grifols Escrow Issuer SA (Spain) |
400,000 | 409,200 | ||||||
Humana Inc |
5,000,000 | 4,935,475 | ||||||
JDE Peets NV (Netherlands) |
550,000 | 542,913 | ||||||
Kraft Heinz Foods Co |
500,000 | 565,589 | ||||||
5.200% due 07/15/45 |
1,475,000 | 1,850,588 | ||||||
Mozart Debt Merger Sub Inc |
||||||||
due 04/01/29 # ~ |
1,875,000 | 1,875,000 | ||||||
due 10/01/29 # ~ |
225,000 | 225,000 | ||||||
MPH Acquisition Holdings LLC |
||||||||
5.500% due 09/01/28 ~ |
900,000 | 898,763 | ||||||
5.750% due 11/01/28 ~ |
5,200,000 | 4,906,148 | ||||||
Performance Food Group Inc |
1,875,000 | 1,882,050 | ||||||
Tenet Healthcare Corp 4 |
||||||||
4.250% due 06/01/29 ~ |
1,875,000 | 1,905,469 | ||||||
6.125% due 10/01/28 ~ |
2,675,000 | 2,813,458 | ||||||
Viatris Inc |
4,450,000 | 4,501,587 | ||||||
|
|
|||||||
93,965,572 | ||||||||
|
|
|||||||
Energy - 7.8% |
|
|||||||
Antero Midstream Partners LP |
||||||||
5.375% due 06/15/29 ~ |
750,000 | 773,437 | ||||||
5.750% due 03/01/27 ~ |
2,650,000 | 2,740,895 | ||||||
Antero Resources Corp |
||||||||
5.375% due 03/01/30 ~ |
4,275,000 | 4,507,560 | ||||||
7.625% due 02/01/29 ~ |
1,350,000 | 1,510,987 | ||||||
Archrock Partners LP |
||||||||
6.250% due 04/01/28 ~ |
2,025,000 | 2,097,070 | ||||||
6.875% due 04/01/27 ~ |
1,325,000 | 1,395,106 | ||||||
Cheniere Corpus Christi Holdings LLC |
7,625,000 | 8,820,606 | ||||||
Cheniere Energy Partners LP |
3,925,000 | 3,942,859 | ||||||
Chesapeake Energy Corp |
4,275,000 | 4,572,968 | ||||||
Colgate Energy Partners III LLC |
2,175,000 | 2,194,075 | ||||||
CQP Holdco LP |
3,725,000 | 3,966,380 | ||||||
DT Midstream Inc |
||||||||
4.125% due 06/15/29 ~ |
750,000 | 761,482 | ||||||
4.375% due 06/15/31 ~ |
750,000 | 773,438 | ||||||
Endeavor Energy Resources LP |
||||||||
5.500% due 01/30/26 ~ |
3,075,000 | 3,207,302 | ||||||
5.750% due 01/30/28 ~ |
2,000,000 | 2,107,500 | ||||||
6.625% due 07/15/25 ~ |
350,000 | 369,250 | ||||||
Energy Transfer Operating LP |
||||||||
2.900% due 05/15/25 |
1,000,000 | 1,048,606 | ||||||
3.750% due 05/15/30 |
3,000,000 | 3,243,492 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-25
PACIFIC FUNDS
PACIFIC FUNDS STRATEGIC INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
4.000% due 10/01/27 |
$1,200,000 | $1,324,824 | ||||||
4.050% due 03/15/25 |
1,200,000 | 1,295,031 | ||||||
4.750% due 01/15/26 |
4,200,000 | 4,696,430 | ||||||
5.500% due 06/01/27 |
1,500,000 | 1,760,872 | ||||||
5.800% due 06/15/38 |
3,000,000 | 3,676,211 | ||||||
6.500% due 11/15/26 |
800,000 | 835,096 | ||||||
Enterprise Products Operating LLC |
3,000,000 | 3,124,814 | ||||||
EQM Midstream Partners LP |
||||||||
4.750% due 01/15/31 ~ |
1,350,000 | 1,405,714 | ||||||
5.500% due 07/15/28 |
1,250,000 | 1,374,837 | ||||||
6.000% due 07/01/25 ~ |
500,000 | 548,725 | ||||||
6.500% due 07/01/27 ~ |
1,750,000 | 1,970,500 | ||||||
Genesis Energy LP |
||||||||
7.750% due 02/01/28 |
2,750,000 | 2,751,100 | ||||||
8.000% due 01/15/27 |
750,000 | 760,361 | ||||||
MPLX LP |
||||||||
2.650% due 08/15/30 |
2,225,000 | 2,234,297 | ||||||
4.800% due 02/15/29 |
1,350,000 | 1,563,302 | ||||||
6.875% due 02/15/23 |
450,000 | 459,000 | ||||||
New Fortress Energy Inc |
1,850,000 | 1,771,375 | ||||||
Occidental Petroleum Corp |
||||||||
5.500% due 12/01/25 |
325,000 | 360,344 | ||||||
6.125% due 01/01/31 |
325,000 | 390,561 | ||||||
6.625% due 09/01/30 |
700,000 | 863,625 | ||||||
8.000% due 07/15/25 |
800,000 | 956,736 | ||||||
8.500% due 07/15/27 |
1,175,000 | 1,473,779 | ||||||
8.875% due 07/15/30 |
1,500,000 | 2,039,520 | ||||||
Range Resources Corp |
1,450,000 | 1,633,135 | ||||||
Sabine Pass Liquefaction LLC |
2,725,000 | 3,093,849 | ||||||
Sunoco LP |
2,275,000 | 2,310,306 | ||||||
Tallgrass Energy Partners LP |
||||||||
6.000% due 12/31/30 ~ |
3,100,000 | 3,180,414 | ||||||
6.000% due 09/01/31 ~ |
2,275,000 | 2,289,469 | ||||||
Targa Resources Partners LP |
350,000 | 362,145 | ||||||
4.000% due 01/15/32 ~ |
||||||||
4.875% due 02/01/31 |
875,000 | 945,000 | ||||||
5.000% due 01/15/28 |
650,000 | 683,312 | ||||||
5.375% due 02/01/27 |
200,000 | 207,490 | ||||||
5.875% due 04/15/26 |
1,500,000 | 1,568,437 | ||||||
6.500% due 07/15/27 |
500,000 | 539,740 | ||||||
Venture Global Calcasieu Pass LLC |
||||||||
3.875% due 08/15/29 ~ |
900,000 | 928,170 | ||||||
4.125% due 08/15/31 ~ |
900,000 | 939,375 | ||||||
Vine Energy Holdings LLC |
2,975,000 | 3,214,874 | ||||||
|
|
|||||||
107,565,783 | ||||||||
|
|
|||||||
Financial - 13.9% |
|
|||||||
AerCap Ireland Capital DAC (Ireland) |
||||||||
3.300% due 01/23/23 |
1,850,000 | 1,906,664 | ||||||
4.450% due 10/01/25 |
2,000,000 | 2,187,288 | ||||||
4.625% due 10/15/27 |
1,000,000 | 1,115,862 | ||||||
Air Lease Corp |
||||||||
1.875% due 08/15/26 |
750,000 | 747,774 | ||||||
3.125% due 12/01/30 |
2,000,000 | 2,050,446 | ||||||
3.750% due 06/01/26 |
1,500,000 | 1,624,551 | ||||||
4.250% due 09/15/24 |
1,000,000 | 1,085,909 | ||||||
4.650% due 06/15/26 |
2,750,000 | 2,884,063 | ||||||
Athene Holding Ltd |
||||||||
3.500% due 01/15/31 |
1,000,000 | 1,071,709 | ||||||
6.150% due 04/03/30 |
4,925,000 | 6,202,802 | ||||||
Avolon Holdings Funding Ltd (Ireland) |
||||||||
2.125% due 02/21/26 ~ |
450,000 | 445,607 | ||||||
3.250% due 02/15/27 ~ |
3,200,000 | 3,301,881 | ||||||
Bank of America Corp |
||||||||
1.922% due 10/24/31 |
1,000,000 | 962,735 | ||||||
2.087% due 06/14/29 |
7,300,000 | 7,292,772 | ||||||
2.482% due 09/21/36 |
4,250,000 | 4,167,887 |
Principal |
Value |
|||||||
2.592% due 04/29/31 |
$5,500,000 | $5,616,702 | ||||||
2.651% due 03/11/32 |
5,000,000 | 5,094,435 | ||||||
2.687% due 04/22/32 |
1,450,000 | 1,477,328 | ||||||
BOC Aviation Ltd (Singapore) |
4,700,000 | 5,006,691 | ||||||
Citigroup Inc |
||||||||
2.561% due 05/01/32 |
450,000 | 454,754 | ||||||
2.666% due 01/29/31 |
1,000,000 | 1,024,656 | ||||||
3.668% due 07/24/28 |
4,000,000 | 4,399,627 | ||||||
3.980% due 03/20/30 |
3,000,000 | 3,370,893 | ||||||
4.075% due 04/23/29 |
3,000,000 | 3,364,304 | ||||||
4.450% due 09/29/27 |
4,500,000 | 5,121,039 | ||||||
Extra Space Storage LP REIT |
550,000 | 537,900 | ||||||
GLP Capital LP REIT |
||||||||
4.000% due 01/15/31 |
2,925,000 | 3,158,561 | ||||||
5.300% due 01/15/29 |
9,000,000 | 10,533,699 | ||||||
Host Hotels & Resorts LP REIT |
6,800,000 | 7,003,549 | ||||||
HSBC Holdings PLC (United Kingdom) |
||||||||
2.206% due 08/17/29 |
4,500,000 | 4,467,655 | ||||||
4.700% due 03/09/31 |
3,000,000 | 3,048,750 | ||||||
Iron Mountain Inc REIT |
||||||||
4.500% due 02/15/31 ~ |
275,000 | 279,276 | ||||||
4.875% due 09/15/29 ~ |
4,175,000 | 4,378,531 | ||||||
5.000% due 07/15/28 ~ |
500,000 | 521,775 | ||||||
5.250% due 03/15/28 ~ |
575,000 | 601,594 | ||||||
5.250% due 07/15/30 ~ |
1,000,000 | 1,062,480 | ||||||
JPMorgan Chase & Co |
||||||||
2.069% due 06/01/29 |
6,000,000 | 6,017,184 | ||||||
2.522% due 04/22/31 |
1,950,000 | 1,990,525 | ||||||
2.580% due 04/22/32 |
550,000 | 558,037 | ||||||
3.650% due 06/01/26 |
6,000,000 | 6,037,500 | ||||||
4.005% due 04/23/29 |
2,000,000 | 2,236,379 | ||||||
4.125% due 12/15/26 |
5,725,000 | 6,440,594 | ||||||
Liberty Mutual Group Inc |
3,950,000 | 3,760,482 | ||||||
Morgan Stanley |
||||||||
2.484% due 09/16/36 |
550,000 | 538,592 | ||||||
3.591% due 07/22/28 |
9,500,000 | 10,426,211 | ||||||
5.000% due 11/24/25 |
3,150,000 | 3,602,732 | ||||||
OneMain Finance Corp |
||||||||
3.875% due 09/15/28 |
3,175,000 | 3,159,093 | ||||||
4.000% due 09/15/30 |
800,000 | 797,000 | ||||||
5.375% due 11/15/29 |
2,775,000 | 3,011,152 | ||||||
7.125% due 03/15/26 |
3,425,000 | 3,973,000 | ||||||
The Goldman Sachs Group Inc |
||||||||
1.542% due 09/10/27 |
5,000,000 | 4,983,192 | ||||||
2.383% due 07/21/32 |
450,000 | 445,830 | ||||||
2.600% due 02/07/30 |
4,000,000 | 4,119,263 | ||||||
2.615% due 04/22/32 |
3,050,000 | 3,088,863 | ||||||
3.800% due 03/15/30 |
3,000,000 | 3,341,354 | ||||||
VICI Properties LP REIT |
1,050,000 | 1,088,063 | ||||||
3.750% due 02/15/27 ~ |
||||||||
4.625% due 12/01/29 ~ |
3,000,000 | 3,228,750 | ||||||
Wells Fargo & Co |
4,500,000 | 4,645,126 | ||||||
2.393% due 06/02/28 |
||||||||
3.900% due 03/15/26 |
4,800,000 | 4,953,000 | ||||||
|
|
|||||||
190,014,071 | ||||||||
|
|
|||||||
Industrial - 10.7% |
||||||||
Allegion US Holding Co Inc |
||||||||
3.200% due 10/01/24 |
3,000,000 | 3,181,347 | ||||||
3.550% due 10/01/27 |
650,000 | 700,337 | ||||||
ARD Finance SA (Luxembourg) |
5,300,000 | 5,637,080 | ||||||
Ardagh Packaging Finance PLC (Ireland) |
1,629,000 | 1,660,562 | ||||||
Artera Services LLC |
2,750,000 | 2,987,187 | ||||||
BWX Technologies Inc |
4,850,000 | 4,971,250 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-26
PACIFIC FUNDS
PACIFIC FUNDS STRATEGIC INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Cargo Aircraft Management Inc |
$7,050,000 | $7,298,513 | ||||||
Carrier Global Corp |
4,450,000 | 4,606,741 | ||||||
First Student Bidco Inc |
7,475,000 | 7,381,563 | ||||||
Flowserve Corp |
||||||||
2.800% due 01/15/32 |
3,550,000 | 3,516,954 | ||||||
3.500% due 10/01/30 |
7,050,000 | 7,369,979 | ||||||
GFL Environmental Inc (Canada) |
||||||||
3.500% due 09/01/28 ~ |
1,025,000 | 1,032,688 | ||||||
3.750% due 08/01/25 ~ |
750,000 | 772,500 | ||||||
4.000% due 08/01/28 ~ |
875,000 | 869,531 | ||||||
4.375% due 08/15/29 ~ |
450,000 | 455,063 | ||||||
4.750% due 06/15/29 ~ |
375,000 | 385,781 | ||||||
Granite US Holdings Corp |
1,975,000 | 2,165,113 | ||||||
Hillenbrand Inc |
3,875,000 | 3,853,591 | ||||||
Husky III Holding Ltd (Canada) |
2,050,000 | 2,184,880 | ||||||
Madison IAQ LLC |
||||||||
4.125% due 06/30/28 ~ |
375,000 | 375,474 | ||||||
5.875% due 06/30/29 ~ |
2,625,000 | 2,648,113 | ||||||
Masco Corp |
4,110,000 | 5,545,516 | ||||||
Mauser Packaging Solutions Holding Co |
||||||||
5.500% due 04/15/24 ~ |
1,875,000 | 1,893,750 | ||||||
7.250% due 04/15/25 ~ |
5,200,000 | 5,175,040 | ||||||
Penske Truck Leasing Co LP |
3,675,000 | 3,929,375 | ||||||
Standard Industries Inc |
||||||||
4.750% due 01/15/28 ~ |
4,443,000 | 4,615,166 | ||||||
5.000% due 02/15/27 ~ |
1,500,000 | 1,548,750 | ||||||
SYNNEX Corp |
5,000,000 | 4,895,865 | ||||||
Teledyne Technologies Inc |
||||||||
2.250% due 04/01/28 |
3,500,000 | 3,566,811 | ||||||
2.750% due 04/01/31 |
3,500,000 | 3,583,058 | ||||||
Textron Inc |
3,700,000 | 3,890,717 | ||||||
The Boeing Co |
12,200,000 | 14,041,416 | ||||||
The Weir Group PLC (United Kingdom) |
6,800,000 | 6,870,730 | ||||||
Titan Acquisition Ltd (Canada) |
3,395,000 | 3,473,934 | ||||||
TransDigm Inc |
||||||||
4.625% due 01/15/29 |
675,000 | 675,000 | ||||||
4.875% due 05/01/29 |
2,975,000 | 2,985,621 | ||||||
5.500% due 11/15/27 |
675,000 | 694,447 | ||||||
TriMas Corp |
4,225,000 | 4,329,484 | ||||||
Vontier Corp |
4,500,000 | 4,480,065 | ||||||
WRKCo Inc |
5,175,000 | 5,777,662 | ||||||
|
|
|||||||
146,026,654 | ||||||||
|
|
|||||||
Technology - 2.5% |
|
|||||||
Apple Inc |
8,000,000 | 7,876,447 | ||||||
Broadcom Inc |
||||||||
3.137% due 11/15/35 ~ |
2,700,000 | 2,694,006 | ||||||
3.187% due 11/15/36 ~ |
203,000 | 202,631 | ||||||
3.469% due 04/15/34 ~ |
2,000,000 | 2,061,346 | ||||||
4.150% due 11/15/30 |
3,747,000 | 4,153,936 | ||||||
Dell International LLC |
||||||||
4.900% due 10/01/26 |
1,700,000 | 1,959,574 | ||||||
6.200% due 07/15/30 |
2,950,000 | 3,777,551 | ||||||
8.100% due 07/15/36 |
1,000,000 | 1,518,802 |
Principal |
Value |
|||||||
HP Inc |
$2,550,000 | $2,526,737 | ||||||
Rackspace Technology Global Inc |
4,700,000 | 4,542,644 | ||||||
Twilio Inc |
||||||||
3.625% due 03/15/29 |
750,000 | 768,188 | ||||||
3.875% due 03/15/31 |
2,750,000 | 2,818,915 | ||||||
|
|
|||||||
34,900,777 | ||||||||
|
|
|||||||
Utilities - 1.2% |
|
|||||||
IPALCO Enterprises Inc |
4,000,000 | 4,493,640 | ||||||
Pike Corp |
4,050,000 | 4,132,559 | ||||||
Vistra Operations Co LLC |
6,000,000 | 6,399,279 | ||||||
4.300% due 07/15/29 ~ |
||||||||
4.375% due 05/01/29 ~ |
375,000 | 377,768 | ||||||
5.625% due 02/15/27 ~ |
850,000 | 880,864 | ||||||
|
|
|||||||
16,284,110 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
821,202,492 | |||||||
|
|
|||||||
SENIOR LOAN NOTES - 29.7% |
|
|||||||
Communications - 1.3% |
|
|||||||
Clear Channel Outdoor Holdings Inc Term B |
6,631,089 | 6,503,739 | ||||||
CommScope Inc Term B-2 |
3,430,000 | 3,417,673 | ||||||
Proofpoint Inc Term B |
1,250,000 | 1,244,445 | ||||||
Uber Technologies Inc Term B |
4,713,462 | 4,718,043 | ||||||
3.584% (USD LIBOR + 3.500%) |
2,480,418 | 2,481,747 | ||||||
|
|
|||||||
18,365,647 | ||||||||
|
|
|||||||
Consumer, Cyclical - 5.6% |
||||||||
Caesars Resort Collection LLC Term B |
6,270,833 | 6,241,110 | ||||||
ClubCorp Holdings Inc Term B |
4,340,324 | 4,090,755 | ||||||
Golden Nugget LLC Term B |
2,983,024 | 2,971,838 | ||||||
Great Outdoors Group LLC Term B-1 |
3,225,625 | 3,245,450 | ||||||
Hayward Industries Inc Term B |
3,241,875 | 3,238,111 | ||||||
Hilton Grand Vacations Borrower LLC Term B |
8,500,000 | 8,529,750 | ||||||
LBM Acquisition LLC |
||||||||
Term B 4.500% (USD LIBOR + 3.750%) due 12/18/27 § |
3,981,839 | 3,951,975 | ||||||
Term B-2 4.500% (USD LIBOR + 3.750%) due 12/18/27 § ¥ |
2,495,823 | 2,473,049 | ||||||
MIC Glen LLC (2nd Lien) |
1,750,000 | 1,765,312 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-27
PACIFIC FUNDS
PACIFIC FUNDS STRATEGIC INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Mileage Plus Holdings LLC Term B |
$4,000,000 | $4,251,668 | ||||||
Motion Finco LLC Term B (United Kingdom) |
2,970,112 | 2,882,601 | ||||||
SeaWorld Parks & Entertainment Inc Term B |
7,750,000 | 7,738,375 | ||||||
Spectacle Gary Holdings LLC |
3,491,250 | 3,805,462 | ||||||
SRS Distribution Inc Term B |
12,500,000 | 12,510,938 | ||||||
Tacala Investment Corp Term B |
3,869,747 | 3,864,005 | ||||||
(2nd Lien) 8.250% (USD LIBOR + 7.500%) due 02/05/28 § |
1,500,000 | 1,503,124 | ||||||
United AirLines Inc Term B |
3,980,000 | 4,016,361 | ||||||
|
|
|||||||
77,079,884 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 7.4% |
||||||||
Allied Universal Holdco LLC Term B |
10,000,000 | 10,019,370 | ||||||
Bausch Health Americas Inc Term B |
1,613,409 | 1,613,207 | ||||||
CoreLogic Inc Term B |
11,000,000 | 10,987,625 | ||||||
Garda World Security Corp Term B (Canada) |
2,404,729 | 2,410,527 | ||||||
Heartland Dental LLC Term B |
8,728,125 | 8,718,576 | ||||||
ICON Luxembourg SARL Term B (Luxembourg) |
6,388,341 | 6,417,619 | ||||||
LifePoint Health Inc Term B |
4,458,381 | 4,456,428 | ||||||
Mavis Tire Express Services TopCo LP |
7,980,000 | 8,007,930 | ||||||
Mozart Borrower LP Term B |
4,250,000 | 4,228,750 | ||||||
Ortho-Clinical Diagnostics SA Term B (Luxembourg) |
3,487,971 | 3,488,624 | ||||||
Pathway Vet Alliance LLC Term A |
8,942,099 | 8,934,275 | ||||||
PetVet Care Centers LLC |
2,946,573 | 2,923,369 | ||||||
Term B |
2,969,388 | 2,946,004 | ||||||
PPD Inc Term B |
3,980,000 | 3,978,257 | ||||||
PRA Health Sciences Inc Term B |
1,591,659 | 1,598,954 |
Principal |
Value |
|||||||
Spin Holdco Inc Term B |
$5,985,000 | $6,008,377 | ||||||
Sunshine Luxembourg VII SARL Term B (Luxembourg) |
8,678,850 | 8,712,098 | ||||||
WCG Purchaser Corp Term B |
5,984,595 | 6,014,518 | ||||||
|
|
|||||||
101,464,508 | ||||||||
|
|
|||||||
Energy - 1.2% |
||||||||
CQP Holdco LP Term B |
7,980,000 | 7,962,045 | ||||||
Traverse Midstream Partners LLC Term B 6.500% (USD LIBOR + 5.500%) |
7,652,567 | 7,670,328 | ||||||
|
|
|||||||
15,632,373 | ||||||||
|
|
|||||||
Financial - 2.3% |
||||||||
AssuredPartners Inc Term B |
5,403,750 | 5,376,359 | ||||||
Avolon (US) LLC Term B-3 (Ireland) |
6,029,412 | 6,010,033 | ||||||
Deerfield Dakota Holding LLC Term B |
8,959,685 | 8,997,280 | ||||||
NFP Corp Term B |
4,678,750 | 4,638,784 | ||||||
USI Inc Term B |
6,305,394 | 6,271,616 | ||||||
|
|
|||||||
31,294,072 | ||||||||
|
|
|||||||
Industrial - 6.5% |
||||||||
Brand Industrial Services Inc |
3,839,599 | 3,814,200 | ||||||
Brown Group Holding LLC Term B |
4,905,505 | 4,907,889 | ||||||
Dynasty Acquisition Co Inc |
3,745,985 | 3,671,324 | ||||||
Engineered Machinery Holdings Inc |
3,815,689 | 3,817,280 | ||||||
Filtration Group Corp Term B |
5,936,020 | 5,910,050 | ||||||
Flex Acquisition Co Inc Term B |
967,064 | 962,833 | ||||||
4.000% (USD LIBOR + 3.500%) due 03/02/28 § |
3,575,993 | 3,572,639 | ||||||
GFL Environmental Inc Term B (Canada) |
2,564,334 | 2,572,748 | ||||||
KKR Apple Bidco LLC |
500,000 | 500,250 | ||||||
Madison IAQ LLC |
7,980,000 | 7,978,133 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-28
PACIFIC FUNDS
PACIFIC FUNDS STRATEGIC INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Mauser Packaging Solutions Holding Co Term B |
$8,089,501 | $7,937,192 | ||||||
Pregis TopCo LLC |
3,500,000 | 3,503,829 | ||||||
Term B 4.084% (USD LIBOR + 4.000%) due 08/01/26 § |
5,457,115 | 5,465,639 | ||||||
Pro Mach Group Inc Term B |
3,871,508 | 3,890,866 | ||||||
ProAmpac PG Borrower LLC Term B |
7,711,250 | 7,738,239 | ||||||
Quikrete Holdings Inc Term B-1 |
3,500,000 | 3,492,951 | ||||||
Standard Aero Ltd |
2,013,971 | 1,973,830 | ||||||
Titan Acquisition Ltd Term B (Canada) |
3,884,434 | 3,823,739 | ||||||
TransDigm Inc |
||||||||
Term E 2.334% (USD LIBOR + 2.250%) due 05/30/25 § |
2,456,250 | 2,428,362 | ||||||
Term F 2.334% (USD LIBOR + 2.250%) due 12/09/25 § |
948,229 | 937,413 | ||||||
Term G 2.334% (USD LIBOR + 2.250%) due 08/22/24 § |
2,761,627 | 2,734,541 | ||||||
TricorBraun Holdings Inc |
4,385,357 | 4,366,444 | ||||||
USIC Holdings Inc Term B |
2,734,309 | 2,735,162 | ||||||
|
|
|||||||
88,735,553 | ||||||||
|
|
|||||||
Technology - 5.1% |
||||||||
Applied Systems Inc Term B |
14,385,380 | 14,398,874 | ||||||
Bright Bidco BV Term B (Netherlands) |
1,999,987 | 1,608,427 | ||||||
Epicor Software Corp Term B |
5,984,887 | 5,989,489 | ||||||
Finastra USA Inc Term B |
4,959,175 | 4,924,798 | ||||||
Peraton Corp Term B |
7,960,000 | 7,977,058 | ||||||
Rackspace Technology Global Inc Term B |
4,975,031 | 4,942,524 | ||||||
RealPage Inc Term B |
7,000,000 | 6,984,887 | ||||||
Solera LLC Term B |
8,000,000 | 8,027,000 | ||||||
Tempo Acquisition LLC Term B |
5,787,135 | 5,808,114 | ||||||
UKG Inc |
8,935,012 | 8,964,051 | ||||||
|
|
|||||||
69,625,222 | ||||||||
|
|
Principal |
Value |
|||||||
Utilities - 0.3% |
||||||||
PG&E Corp Term B |
$4,196,875 | $4,128,676 | ||||||
|
|
|||||||
Total Senior Loan Notes |
406,325,935 | |||||||
|
|
|||||||
ASSET-BACKED SECURITIES - 2.6% |
|
|||||||
Apidos CLO (Cayman) |
2,400,000 | 2,401,794 | ||||||
Dryden CLO Ltd (Cayman) |
||||||||
1.534% (USD LIBOR + 1.400%) due 04/18/31 ~ § |
2,600,000 | 2,603,274 | ||||||
1.534% (USD LIBOR + 1.400%) due 01/17/32 ~ § |
1,500,000 | 1,499,911 | ||||||
1.634% (USD LIBOR + 1.500%) due 07/17/31 ~ § |
1,500,000 | 1,502,622 | ||||||
1.884% (USD LIBOR + 1.750%) due 01/17/32 ~ § |
1,500,000 | 1,498,024 | ||||||
1.934% (USD LIBOR + 1.800%) due 07/17/31 ~ § |
1,500,000 | 1,489,274 | ||||||
2.026% (USD LIBOR + 1.900%) due 04/15/31 ~ § |
250,000 | 248,601 | ||||||
Flatiron RR CLO 22 LLC |
7,000,000 | 7,000,000 | ||||||
Madison Park Funding Ltd (Cayman) |
||||||||
1.726% (USD LIBOR + 1.600%) due 07/15/30 ~ § |
2,000,000 | 2,001,069 | ||||||
1.884% (USD LIBOR + 1.750%) due 10/18/30 ~ § |
2,650,000 | 2,652,387 | ||||||
1.976% (USD LIBOR + 1.850%) due 07/15/30 ~ § |
1,000,000 | 994,158 | ||||||
Neuberger Berman Loan Advisers CLO 38 Ltd |
5,000,000 | 5,000,000 | ||||||
Palmer Square Loan Funding Ltd (Cayman) |
||||||||
1.481% (USD LIBOR + 1.350%) due 02/20/28 ~ § |
2,000,000 | 2,001,946 | ||||||
2.031% (USD LIBOR + 1.900%) due 02/20/28 ~ § |
1,000,000 | 1,000,852 | ||||||
3.375% (USD LIBOR + 3.250%) due 10/24/27 ~ § |
2,250,000 | 2,259,265 | ||||||
Regatta Funding Ltd |
1,600,000 | 1,560,000 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
35,713,177 | |||||||
|
|
|||||||
Shares |
||||||||
SHORT-TERM INVESTMENT - 7.3% |
|
|||||||
Money Market Fund - 7.3% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
100,476,682 | 100,476,682 | ||||||
|
|
|||||||
Total Short-Term Investment |
100,476,682 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 101.4% |
|
1,388,083,665 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (1.4%) |
|
(19,086,576 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$1,368,997,089 | ||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-29
PACIFIC FUNDS
PACIFIC FUNDS STRATEGIC INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Corporate Bonds & Notes |
60.0% | |||
Senior Loan Notes |
29.7% | |||
Short-Term Investment |
7.3% | |||
Others (each less than 3.0%) |
4.4% | |||
|
|
|||
101.4% | ||||
Other Assets & Liabilities, Net |
(1.4% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Pursuant to the terms of the following senior loan agreements, the Fund had unfunded loan commitments which could be extended at the option of the borrower. |
Borrower | Unfunded Loan Commitments |
Value | Unrealized Appreciation (Depreciation) |
|||||||||
Pro Mach Group Inc |
$628,492 | $631,634 | $3,142 | |||||||||
TricorBraun Holdings Inc |
604,999 | 601,831 | (3,168 | ) | ||||||||
|
|
|
|
|
|
|||||||
$1,233,491 | $1,233,465 | ($26 | ) | |||||||||
|
|
|
|
|
|
(c) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
|||||||||||||||||
Basic Materials |
$1,266,767 | $1,266,767 | $ | $ | ||||||||||||||
Consumer, Cyclical |
3,521,117 | 3,521,117 | | | ||||||||||||||
Consumer, Non-Cyclical |
1,309,474 | 1,309,474 | | | ||||||||||||||
Financial |
4,359,896 | 4,359,896 | | | ||||||||||||||
Industrial |
3,405,246 | 3,328,852 | 76,394 | | ||||||||||||||
Utilities |
2,063,021 | 2,063,021 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Common Stocks |
15,925,521 | 15,849,127 | 76,394 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Exchange-Traded Fund |
8,439,858 | 8,439,858 | | | ||||||||||||||
Corporate Bonds & Notes |
821,202,492 | | 821,202,492 | | ||||||||||||||
Senior Loan Notes |
406,325,935 | | 406,325,935 | | ||||||||||||||
Asset-Backed Securities |
35,713,177 | | 35,713,177 | | ||||||||||||||
Short-Term Investment |
100,476,682 | 100,476,682 | | | ||||||||||||||
Unfunded Loan Commitments |
1,233,465 | | 1,233,465 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$1,389,317,130 | $124,765,667 | $1,264,551,463 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-30
PACIFIC FUNDS
PACIFIC FUNDSSM FLOATING RATE INCOME
Schedule of Investments
September 30, 2021 (Unaudited)
|
Value |
|||||||
EXCHANGE-TRADED FUNDS - 2.0% |
|
|||||||
iShares iBoxx High Yield Corporate Bond |
285,245 | $24,956,085 | ||||||
SPDR Blackstone |
622,110 | 28,629,502 | ||||||
|
|
|||||||
Total Exchange-Traded Funds |
53,585,587 | |||||||
|
|
|||||||
Principal |
||||||||
CORPORATE BONDS & NOTES - 2.6% |
|
|||||||
Consumer, Cyclical - 0.9% |
|
|||||||
Carnival Corp 9.875% |
$9,335,000 | 10,785,297 | ||||||
eG Global Finance PLC (United Kingdom) 6.750% due 02/07/25 ~ |
11,909,000 | 12,191,839 | ||||||
8.500% due 10/30/25 ~ |
2,000,000 | 2,085,660 | ||||||
|
|
|||||||
25,062,796 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 1.1% |
|
|||||||
Allied Universal Holdco LLC |
9,000,000 | 8,985,132 | ||||||
6.625% due 07/15/26 ~ |
11,152,000 | 11,804,727 | ||||||
CoreLogic Inc |
9,250,000 | 9,203,750 | ||||||
|
|
|||||||
29,993,609 | ||||||||
|
|
|||||||
Industrial - 0.6% |
|
|||||||
TransDigm Inc |
15,176,000 | 15,839,950 | ||||||
|
|
|||||||
Total Corporate Bonds & Notes |
70,896,355 | |||||||
|
|
|||||||
SENIOR LOAN NOTES - 100.6% |
|
|||||||
Basic Materials - 3.4% |
|
|||||||
ASP Unifrax Holdings Inc Term B |
17,388,402 | 17,207,998 | ||||||
Herens US Holdco Corp Term B |
26,500,000 | 26,595,241 | ||||||
Olympus Water US Holding Corp Term B due 10/01/28 ¥ |
7,000,000 | 7,003,752 | ||||||
SCIH Salt Holdings Inc Term B |
144,321 | 144,694 | ||||||
SPA US HoldCo Inc Term B |
26,808,436 | 26,897,788 | ||||||
Sparta US HoldCo LLC |
15,000,000 | 15,046,875 | ||||||
|
|
|||||||
92,896,348 | ||||||||
|
|
|||||||
Communications - 9.1% |
||||||||
Arches Buyer Inc |
26,699,711 | 26,594,033 | ||||||
Clear Channel Outdoor Holdings Inc Term B 3.629% (USD LIBOR + 3.500%) |
20,432,678 | 20,040,268 |
Principal |
Value |
|||||||
CNT Holdings I Corp Term B |
$ | 7,237,400 | $ | 7,250,970 | ||||
(2nd Lien) 7.500% (USD LIBOR + 6.750%) due 11/06/28 § ¥ |
20,380,111 | 20,787,713 | ||||||
Hunter Holdco 3 Ltd Term B |
37,250,000 | 37,459,531 | ||||||
MH Sub I LLC |
9,408,493 | 9,442,938 | ||||||
MTN Infrastructure TopCo Inc Term B |
45,755,779 | 45,727,182 | ||||||
5.000% (USD LIBOR + 4.000%) due 11/17/24 § |
7,659,312 | 7,654,525 | ||||||
Pug LLC Term B |
9,332,409 | 9,139,928 | ||||||
4.750% (USD LIBOR + 4.250%) due 02/13/27 § ± |
11,915,587 | 11,930,482 | ||||||
Uber Technologies Inc Term B |
25,621,749 | 25,646,654 | ||||||
Xplornet Communications Inc (Canada) |
||||||||
(2nd Lien) due 09/30/29 ¥ |
7,500,000 | 7,500,000 | ||||||
Term B due 09/30/28 ¥ |
16,625,000 | 16,604,219 | ||||||
|
|
|||||||
245,778,443 | ||||||||
|
|
|||||||
Consumer, Cyclical - 12.9% |
||||||||
BCPE Empire Holdings Inc |
4,750,000 | 4,723,281 | ||||||
4.500% (USD LIBOR + 4.000%) due 06/12/26 ± § |
7,245,840 | 7,227,726 | ||||||
4.500% (USD LIBOR + 4.000%) due 06/12/26 § |
658,824 | 657,176 | ||||||
Carnival Corp Term B |
11,502,605 | 11,473,849 | ||||||
Casablanca US Holdings Inc Term B |
52,099,523 | 52,066,961 | ||||||
ClubCorp Holdings Inc Term B |
13,111,402 | 12,357,497 | ||||||
FCG Acquisitions Inc (2nd Lien) |
6,750,000 | 6,775,312 | ||||||
First Brands Group LLC Term B |
13,518,215 | 13,673,674 | ||||||
Golden Nugget LLC Term B |
39,508,009 | 39,359,854 | ||||||
Great Outdoors Group LLC Term B-1 |
35,033,006 | 35,248,319 | ||||||
LBM Acquisition LLC Term B-2 |
5,666,667 | 5,614,958 | ||||||
4.500% (USD LIBOR + 3.750%) |
11,304,929 | 11,201,772 | ||||||
MIC Glen LLC (2nd Lien) |
4,750,000 | 4,791,563 | ||||||
Mileage Plus Holdings LLC Term B |
10,000,000 | 10,629,170 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-31
PACIFIC FUNDS
PACIFIC FUNDS FLOATING RATE INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Motion Finco LLC Term B (United Kingdom) 3.382% - 3.397% (USD LIBOR + 3.250%) |
$ | 13,961,784 | $ | 13,550,414 | ||||
PetSmart Inc Term B |
14,738,000 | 14,793,267 | ||||||
Playa Resorts Holding BV Term B |
17,325,633 | 16,990,849 | ||||||
SRS Distribution Inc Term B |
33,826,983 | 33,856,582 | ||||||
Sunset Debt Merger Sub Inc Term B |
18,750,000 | 18,632,812 | ||||||
Tecta America Corp |
11,202,428 | 11,244,437 | ||||||
United AirLines Inc Term B |
21,392,500 | 21,587,942 | ||||||
|
|
|||||||
346,457,415 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 26.8% |
|
|||||||
Allied Universal Holdco LLC Term B |
31,429,625 | 31,490,504 | ||||||
ATI Holdings Acquisition Inc Term B |
10,892,617 | 10,663,415 | ||||||
Bausch Health Americas Inc Term B |
3,781,103 | 3,774,014 | ||||||
3.084% (USD LIBOR + 3.000%) due 06/01/25 § ¥ |
15,201,698 | 15,199,798 | ||||||
CoreLogic Inc |
||||||||
(2nd Lien) 7.000% (USD LIBOR + 6.500%) due 06/04/29 ± § ¥ |
12,200,825 | 12,505,846 | ||||||
Term B 4.000% (USD LIBOR + 3.500%) due 06/02/28 § |
37,500,000 | 37,457,812 | ||||||
Curium Bidco SARL Term B (Luxembourg) 4.132% (USD LIBOR + 3.750%) |
4,123,362 | 4,128,516 | ||||||
5.000% (USD LIBOR + 4.250%) due 09/10/27 ± § |
5,090,294 | 5,109,382 | ||||||
Employbridge Holding Co Term B |
18,750,000 | 18,638,662 | ||||||
Flynn America LP Term B |
5,750,000 | 5,577,500 | ||||||
Gainwell Acquisition Corp Term B |
27,084,181 | 27,185,746 | ||||||
Garda World Security Corp Term B (Canada) 4.340% (USD LIBOR + 4.250%) |
21,088,317 | 21,139,161 | ||||||
Guidehouse LLP |
22,387,500 | 22,450,454 | ||||||
Heartland Dental LLC |
26,925,049 | 26,742,740 | ||||||
Term B due 04/30/25 § |
18,703,125 | 18,682,664 | ||||||
Jazz Financing Lux SARL Term B |
14,089,688 | 14,124,912 |
Principal |
Value |
|||||||
Mavis Tire Express Services TopCo LP |
$ | 29,907,544 | $ | 30,012,220 | ||||
Midwest Veterinary Partners LLC |
13,460,605 | 13,477,431 | ||||||
Mozart Borrower LP Term B |
23,875,000 | 23,755,625 | ||||||
Packaging Coordinators Midco Inc |
29,670,451 | 29,744,627 | ||||||
PAREXEL International Corp Term B |
8,730,258 | 8,726,539 | ||||||
Pathway Vet Alliance LLC Term A |
38,085,173 | 38,051,849 | ||||||
PetVet Care Centers LLC |
||||||||
(2nd Lien) 6.334% (USD LIBOR + 6.250%) due 02/15/26 § ¥ |
15,833,221 | 15,899,198 | ||||||
Term B-3 4.250% (USD LIBOR + 3.500%) due 02/15/25 § ¥ |
37,268,234 | 37,353,652 | ||||||
Phoenix Newco Inc |
12,750,000 | 12,767,710 | ||||||
Precision Medicine Group LLC |
311,742 | 312,084 | ||||||
Term B 3.750% (USD LIBOR + 3.000%) due 11/20/27 § ¥ |
21,898,665 | 21,922,622 | ||||||
PSC Industrial Outsourcing LP |
||||||||
(2nd Lien) |
5,000,000 | 5,003,125 | ||||||
Term B 4.750% (USD LIBOR + 3.750%) due 10/05/24 § ¥ |
53,205,060 | 53,225,863 | ||||||
Southern Veterinary Partners LLC due 10/05/27 ¥ |
1,329,983 | 1,335,802 | ||||||
5.000% (USD LIBOR + 4.000%) due 10/05/27 § ¥ |
14,557,498 | 14,621,187 | ||||||
Spin Holdco Inc Term B |
21,205,702 | 21,288,531 | ||||||
Sunshine Luxembourg VII SARL Term B (Luxembourg) |
34,885,263 | 35,018,909 | ||||||
Team Health Holdings Inc Term B |
23,574,777 | 23,052,761 | ||||||
US Anesthesia Partners Inc |
||||||||
(2nd Lien) due 09/23/29 ± ¥ |
2,250,000 | 2,272,500 | ||||||
Term B due 09/23/28 ¥ |
13,750,000 | 13,786,286 | ||||||
Vetcor Professional Practices LLC |
16,718,931 | 16,562,191 | ||||||
WCG Purchaser Corp Term B |
28,775,877 | 28,919,756 | ||||||
|
|
|||||||
721,981,594 | ||||||||
|
|
|||||||
Energy - 3.5% |
||||||||
BCP Raptor LLC |
31,104,999 | 31,046,677 | ||||||
BCP Raptor II LLC Term B |
18,474,723 | 18,309,226 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-32
PACIFIC FUNDS
PACIFIC FUNDS FLOATING RATE INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Brazos Delaware II LLC Term B |
$ | 11,648,588 | $ | 11,492,054 | ||||
CQP Holdco LP Term B |
8,728,125 | 8,708,487 | ||||||
Traverse Midstream Partners LLC Term B 6.500% (USD LIBOR + 5.500%) |
25,736,784 | 25,796,519 | ||||||
|
|
|||||||
95,352,963 | ||||||||
|
|
|||||||
Financial - 6.2% |
||||||||
Acrisure LLC Term B |
6,208,406 | 6,154,083 | ||||||
Alliant Holdings Intermediate LLC |
||||||||
Term B due 05/10/25 § |
4,509,877 | 4,482,457 | ||||||
Term B-3 4.250% (USD LIBOR + 3.750%) due 11/06/27 § ¥ |
20,755,639 | 20,803,211 | ||||||
Apex Group Treasury LLC (Ireland) |
16,250,000 | 16,255,070 | ||||||
AssuredPartners Inc Term B |
7,244,278 | 7,207,557 | ||||||
4.000% (USD LIBOR + 3.500%) due 02/13/27 § |
6,193,852 | 6,194,496 | ||||||
Deerfield Dakota Holding LLC Term B |
19,191,314 | 19,271,841 | ||||||
(2nd Lien) 7.500% (USD LIBOR + 6.750%) due 04/14/28 § |
27,992,688 | 28,972,432 | ||||||
HUB International Ltd |
||||||||
Term B 2.875% (USD LIBOR + 2.750%) due 04/25/25 § |
7,570,394 | 7,507,310 | ||||||
Term B-3 4.000% (USD LIBOR + 3.250%) due 04/25/25 § ¥ |
16,517,497 | 16,547,724 | ||||||
OneDigital Borrower LLC Term B |
12,771,758 | 12,840,942 | ||||||
Ryan Specialty Group LLC Term B |
8,942,331 | 8,960,957 | ||||||
USI Inc Term B |
11,825,117 | 11,761,770 | ||||||
|
|
|||||||
166,959,850 | ||||||||
|
|
|||||||
Industrial - 20.1% |
||||||||
Altera Services LLC |
10,473,750 | 10,443,198 | ||||||
Brand Industrial Services Inc |
13,533,942 | 13,444,415 | ||||||
Charter Next Generation Inc |
31,185,595 | 31,293,872 | ||||||
Dynasty Acquisition Co Inc |
15,456,983 | 15,148,910 | ||||||
Engineered Components and Systems LLC Term B |
6,935,780 | 6,944,450 |
Principal |
Value |
|||||||
Engineered Machinery Holdings Inc |
$29,716,265 | $29,728,656 | ||||||
(2nd Lien) 6.750% (USD LIBOR + 6.000%) due 05/21/29 ± § |
529,787 | 536,410 | ||||||
7.250% (USD LIBOR + 6.500%) due 05/21/29 ± § |
3,750,000 | 3,796,875 | ||||||
Filtration Group Corp Term B |
10,033,700 | 10,065,948 | ||||||
Forterra Finance LLC |
36,881,222 | 36,911,649 | ||||||
GFL Environmental Inc Term B (Canada) |
15,038 | 15,087 | ||||||
Graham Packaging Co Inc |
26,602,337 | 26,614,813 | ||||||
Icebox Holdings Inc Term B |
8,923,057 | 8,931,427 | ||||||
Ingram Micro Inc Term B |
14,962,500 | 15,021,288 | ||||||
KKR Apple Bidco LLC |
17,575,000 | 17,583,788 | ||||||
(2nd Lien) due 09/23/29 ¥ |
3,250,000 | 3,310,937 | ||||||
Kloeckner Pentaplast of America Inc Term B (Luxembourg) |
15,795,625 | 15,874,603 | ||||||
LTI Holdings Inc Term B |
12,523,065 | 12,370,998 | ||||||
Madison IAQ LLC |
15,211,875 | 15,208,315 | ||||||
Mauser Packaging Solutions Holding Co Term B 3.334% (USD LIBOR + 3.250%) |
33,192,207 | 32,567,264 | ||||||
Pactiv Evergreen Group Holdings Inc Term B 4.000% (USD LIBOR + 3.500%) |
14,138,720 | 14,128,780 | ||||||
Pregis TopCo LLC |
5,231,570 | 5,237,293 | ||||||
Term B 4.084% (USD LIBOR + 4.000%) due 08/01/26 § |
11,257,343 | 11,274,927 | ||||||
Pretium PKG Holdings Inc |
20,750,000 | 20,806,191 | ||||||
due 09/22/29 ¥ |
4,250,000 | 4,271,250 | ||||||
4.750% (USD LIBOR + 4.000%) due 11/05/27 § |
11,289,688 | 11,303,800 | ||||||
(2nd Lien) 9.000% (USD LIBOR + 8.250%) due 11/05/28 ± § ¥ |
4,672,656 | 4,754,428 | ||||||
Pro Mach Group Inc |
2,374,302 | 2,386,173 | ||||||
Term B 5.000% (USD LIBOR + 4.000%) due 08/31/28 § ¥ |
28,391,061 | 28,533,017 | ||||||
ProAmpac PG Borrower LLC Term B |
23,746,801 | 23,829,915 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-33
PACIFIC FUNDS
PACIFIC FUNDS FLOATING RATE INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Quikrete Holdings Inc Term B-1 |
$19,250,000 | $19,211,230 | ||||||
Standard Aero Ltd |
8,310,206 | 8,144,575 | ||||||
Star US Bidco LLC Term B |
21,499,838 | 21,580,463 | ||||||
The Kenan Advantage Group Inc Term B-1 4.500% (USD LIBOR
+ 3.750%) |
11,173,988 | 11,184,469 | ||||||
TransDigm Inc Term G |
12,297,100 | 12,176,490 | ||||||
USIC Holdings Inc |
||||||||
(2nd Lien) 7.250% (USD LIBOR + 6.500%) due 05/14/29 § |
9,118,000 | 9,294,661 | ||||||
Term B 4.250% (USD LIBOR + 3.500%) due 05/14/28 § |
23,212,417 | 23,219,659 | ||||||
WP CPP Holdings LLC Term B |
5,848,821 | 5,695,290 | ||||||
|
|
|||||||
542,845,514 | ||||||||
|
|
|||||||
Technology - 17.9% |
||||||||
Applied Systems Inc |
||||||||
(2nd Lien) 6.250% (USD LIBOR + 5.500%) due 09/19/25 § |
19,430,598 | 19,742,304 | ||||||
Term B due 09/19/24 § |
35,662,000 | 35,695,451 | ||||||
Athenahealth Inc Term B-1 |
32,303,844 | 32,433,060 | ||||||
ConnectWise LLC Term B |
9,500,000 | 9,490,500 | ||||||
Epicor Software Corp |
||||||||
(2nd Lien) 8.750% (USD LIBOR + 7.750%) due 07/31/28 § ¥ |
31,521,829 | 32,497,052 | ||||||
Term B 4.000% (USD LIBOR + 3.250%) due 07/31/27 § ¥ |
26,777,054 | 26,797,645 | ||||||
Finastra USA Inc |
||||||||
(2nd Lien) 8.250% (USD LIBOR + 7.250%) due 06/13/25 § |
7,571,429 | 7,630,320 | ||||||
Term B 4.500% (USD LIBOR + 3.500%) due 06/13/24 § |
37,893,309 | 37,630,633 | ||||||
HS Purchaser LLC |
17,377,871 | 17,447,382 | ||||||
Peraton Corp |
||||||||
(2nd Lien) 8.500% (USD LIBOR + 7.750%) due 02/01/29 § |
12,625,000 | 12,909,063 | ||||||
Term B 4.500% (USD LIBOR + 3.750%) due 02/01/28 § ¥ |
25,878,709 | 25,934,167 | ||||||
Project Ruby Ultimate Parent Corp Term B 4.000% (USD LIBOR + 3.250%) |
28,626,225 | 28,610,566 | ||||||
RealPage Inc (2nd Lien) |
39,560,869 | 40,533,394 |
Principal |
Value |
|||||||
Solera LLC Term B |
$ | 21,183,460 | $ | 21,254,954 | ||||
Sophia LP |
9,421,181 | 9,467,307 | ||||||
(2nd Lien) 9.000% (USD LIBOR + 8.000%) due 10/07/28 § |
18,962,000 | 19,566,414 | ||||||
Sovos Compliance LLC Term B |
24,536,635 | 24,716,831 | ||||||
Sunshine Software Merger Sub Inc Term B due 09/21/28 ¥ |
15,250,000 | 15,246,828 | ||||||
Tempo Acquisition LLC Term B |
23,697,983 | 23,783,888 | ||||||
UKG Inc |
7,708,116 | 7,735,094 | ||||||
4.000% (USD LIBOR + 3.250%) due 05/03/26 § ¥ |
26,832,724 | 26,919,930 | ||||||
(2nd Lien) 7.500% (USD LIBOR + 6.750%) due 05/03/27 § |
5,709,599 | 5,821,411 | ||||||
|
|
|||||||
481,864,194 | ||||||||
|
|
|||||||
Utilities - 0.7% |
||||||||
PG&E Corp Term B |
18,176,015 | 17,880,654 | ||||||
|
|
|||||||
Total Senior Loan Notes |
2,712,016,975 | |||||||
|
|
|||||||
Shares |
||||||||
SHORT-TERM INVESTMENT - 6.4% |
|
|||||||
Money Market Fund - 6.4% |
||||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
171,346,154 | 171,346,154 | ||||||
|
|
|||||||
Total Short-Term Investment |
171,346,154 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 111.6% |
|
3,007,845,071 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (11.6%) |
|
(313,458,128 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$2,694,386,943 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Consumer, Non-Cyclical |
27.9% | |||
Industrial |
20.7% | |||
Technology |
17.9% | |||
Consumer, Cyclical |
13.8% | |||
Communications |
9.1% | |||
Short-Term Investment |
6.4% | |||
Financial |
6.2% | |||
Energy |
3.5% | |||
Basic Materials |
3.4% | |||
Others (each less than 3.0%) |
2.7% | |||
|
|
|||
111.6% | ||||
Other Assets & Liabilities, Net |
(11.6% | ) | ||
|
|
|||
100.0% | ||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-34
PACIFIC FUNDS
PACIFIC FUNDS FLOATING RATE INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(b) | Pursuant to the terms of the following senior loan agreements, the Fund had unfunded loan commitments which could be extended at the option of the borrower. |
Borrower | Unfunded Loan Commitments |
Value | Unrealized Appreciation (Depreciation) |
|||||||||
BCPE Empire Holdings Inc |
$341,177 | $340,324 | ($853 | ) | ||||||||
Engineered Components and Systems LLC ± |
2,064,220 | 2,066,800 | 2,580 | |||||||||
OneDigital Borrower LLC |
414,955 | 416,305 | 1,350 | |||||||||
Precision Medicine Group LLC |
2,149,670 | 2,146,772 | (2,898 | ) | ||||||||
Pro Mach Group Inc |
2,239,969 | 2,245,810 | 5,841 | |||||||||
Sovos Compliance LLC |
3,076,423 | 3,088,153 | 11,730 | |||||||||
|
|
|
|
|
|
|||||||
$10,286,414 | $10,304,164 | $17,750 | ||||||||||
|
|
|
|
|
|
(c) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of
September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Exchange-Traded Funds |
$53,585,587 | $53,585,587 | $ | $ | |||||||||||||
Corporate Bonds & Notes |
70,896,355 | | 70,896,355 | | ||||||||||||||
Senior Loan Notes |
2,712,016,975 | | 2,634,177,548 | 77,839,427 | ||||||||||||||
Short-Term Investment |
171,346,154 | 171,346,154 | | | ||||||||||||||
Unfunded Loan Commitments |
10,304,164 | | 8,237,364 | 2,066,800 | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$3,018,149,235 | $224,931,741 | $2,713,311,267 | $79,906,227 | ||||||||||||||
|
|
|
|
|
|
|
|
The following is a reconciliation of investments for significant unobservable inputs (Level 3) used in valuing the Funds assets and liabilities for the six month period ended September 30, 2021:
Senior Loan Notes and Unfunded Loan Commitments |
||||
Value, Beginning of Period |
$165,966,179 | |||
Purchases |
81,763,414 | |||
Sales (Includes Paydowns) |
(104,201,494 | ) | ||
Accrued Discounts (Premiums) |
7,600 | |||
Net Realized Gains (Losses) |
231,961 | |||
Change in Net Unrealized Appreciation (Depreciation) |
(169,802 | ) | ||
Transfers In |
| |||
Transfers Out |
(63,691,631 | ) | ||
|
|
|||
Value, End of Period |
$79,906,227 | |||
|
|
|||
Change in Net Unrealized Appreciation (Depreciation) on Level 3 Investments Held at the End of Period, if Applicable |
$495,402 | |||
|
|
The table below shows transfers within Level 3:
Amount Transferred |
Level Transfer | Change in Fair Valuation Measurement Inputs | ||||||||||||
From | To | From | To | |||||||||||
$63,691,631 | 3 | 2 | Unobservable Single Broker Quote |
Vendor Price (Observable inputs) |
All significant unobservable inputs used to value Senior Loan Notes and Unfunded Loan Commitments with an aggregate value of $79,906,227 were provided by a single broker quote.
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-35
PACIFIC FUNDS
PACIFIC FUNDSSM HIGH INCOME
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 1.0% |
|
|||||||
Basic Materials - 0.3% |
||||||||
Constellium SE * |
10,698 | $200,908 | ||||||
Hexion Holdings Corp B * |
11,203 | 246,466 | ||||||
|
|
|||||||
447,374 | ||||||||
|
|
|||||||
Consumer, Cyclical - 0.2% |
||||||||
Beazer Homes USA Inc * |
7,537 | 130,013 | ||||||
Cedar Fair LP * |
3,367 | 156,162 | ||||||
|
|
|||||||
286,175 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 0.1% |
||||||||
HCA Healthcare Inc |
832 | 201,943 | ||||||
|
|
|||||||
Industrial - 0.2% |
||||||||
GFL Environmental Inc (Canada) |
4,657 | 173,008 | ||||||
TNT Crane & Rigging Inc |
709 | 13,360 | ||||||
Xylem Inc |
2,037 | 251,936 | ||||||
|
|
|||||||
438,304 | ||||||||
|
|
|||||||
Utilities - 0.2% |
||||||||
Evoqua Water Technologies Corp * |
8,466 | 317,983 | ||||||
|
|
|||||||
Total Common Stocks |
1,691,779 | |||||||
|
|
|||||||
EXCHANGE-TRADED FUNDS - 1.1% |
|
|||||||
iShares iBoxx High Yield Corporate Bond |
9,364 | 819,256 | ||||||
SPDR Bloomberg Barclays High Yield Bond |
9,388 | 1,026,672 | ||||||
|
|
|||||||
Total Exchange-Traded Funds |
1,845,928 | |||||||
|
|
|||||||
Principal |
||||||||
CORPORATE BONDS & NOTES - 86.6% |
|
|||||||
Basic Materials - 4.1% |
|
|||||||
Alcoa Nederland Holding BV |
|
$300,000 |
|
|
312,564 |
| ||
5.500% due 12/15/27 ~ |
950,000 | 1,020,158 | ||||||
Hecla Mining Co |
700,000 | 754,933 | ||||||
Hexion Inc |
400,000 | 427,500 | ||||||
INEOS Quattro Finance 2 PLC (United Kingdom) |
600,000 | 606,750 | ||||||
JW Aluminum Continuous Cast Co |
475,000 | 510,770 | ||||||
Novelis Corp |
375,000 | 371,363 | ||||||
4.750% due 01/30/30 ~ |
650,000 | 685,067 | ||||||
Perenti Finance Pty Ltd (Australia) |
700,000 | 736,774 | ||||||
SPCM SA (France) |
750,000 | 750,356 | ||||||
TMS International Corp |
475,000 | 496,969 | ||||||
WR Grace Holdings LLC |
150,000 | 154,876 | ||||||
|
|
|||||||
6,828,080 | ||||||||
|
|
Principal |
Value |
|||||||
Communications - 12.4% |
|
|||||||
Altice France SA (France) |
$ | 350,000 | $ | 343,646 | ||||
7.375% due 05/01/26 ~ |
273,000 | 283,606 | ||||||
Arches Buyer Inc |
800,000 | 812,120 | ||||||
Avaya Inc |
700,000 | 736,904 | ||||||
CCO Holdings LLC |
400,000 | 407,440 | ||||||
4.250% due 01/15/34 ~ |
175,000 | 173,578 | ||||||
4.750% due 03/01/30 ~ |
2,100,000 | 2,198,122 | ||||||
5.000% due 02/01/28 ~ |
100,000 | 104,515 | ||||||
5.375% due 06/01/29 ~ |
300,000 | 324,375 | ||||||
Clear Channel Outdoor Holdings Inc |
25,000 | 26,346 | ||||||
Clear Channel Worldwide Holdings Inc |
1,025,000 | 1,062,033 | ||||||
CommScope Inc |
750,000 | 785,981 | ||||||
CommScope Technologies LLC |
484,000 | 490,655 | ||||||
CSC Holdings LLC |
200,000 | 186,250 | ||||||
4.625% due 12/01/30 ~ |
200,000 | 189,856 | ||||||
6.500% due 02/01/29 ~ |
2,250,000 | 2,439,450 | ||||||
Diamond Sports Group LLC |
570,000 | 409,021 | ||||||
Frontier Communications Holdings Corp |
500,000 | 525,625 | ||||||
5.875% due 10/15/27 ~ |
150,000 | 159,562 | ||||||
Lamar Media Corp |
250,000 | 250,313 | ||||||
3.750% due 02/15/28 |
575,000 | 592,201 | ||||||
4.000% due 02/15/30 |
25,000 | 25,769 | ||||||
Level 3 Financing Inc |
225,000 | 218,250 | ||||||
3.750% due 07/15/29 ~ |
75,000 | 72,580 | ||||||
4.625% due 09/15/27 ~ |
850,000 | 875,542 | ||||||
LogMeIn Inc |
550,000 | 560,312 | ||||||
Lumen Technologies Inc |
500,000 | 511,525 | ||||||
4.500% due 01/15/29 ~ |
150,000 | 145,535 | ||||||
Match Group Holdings II LLC |
125,000 | 123,673 | ||||||
Nexstar Media Inc |
675,000 | 714,977 | ||||||
Outfront Media Capital LLC |
250,000 | 248,119 | ||||||
4.625% due 03/15/30 ~ |
50,000 | 50,169 | ||||||
5.000% due 08/15/27 ~ |
975,000 | 1,001,227 | ||||||
6.250% due 06/15/25 ~ |
175,000 | 185,063 | ||||||
Sirius XM Radio Inc |
300,000 | 293,437 | ||||||
Sprint Capital Corp |
800,000 | 1,196,088 | ||||||
T-Mobile USA Inc |
50,000 | 50,590 | ||||||
2.875% due 02/15/31 |
25,000 | 25,244 | ||||||
3.375% due 04/15/29 |
200,000 | 208,900 | ||||||
3.375% due 04/15/29 ~ |
175,000 | 182,787 | ||||||
3.500% due 04/15/31 |
75,000 | 79,191 | ||||||
3.500% due 04/15/31 ~ |
150,000 | 158,383 | ||||||
Uber Technologies Inc |
300,000 | 302,625 | ||||||
6.250% due 01/15/28 ~ |
125,000 | 134,219 | ||||||
7.500% due 05/15/25 ~ |
125,000 | 133,406 | ||||||
8.000% due 11/01/26 ~ |
700,000 | 740,688 | ||||||
|
|
|||||||
20,739,898 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-36
PACIFIC FUNDS
PACIFIC FUNDS HIGH INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Consumer, Cyclical - 17.7% |
|
|||||||
Affinity Gaming |
$ | 600,000 | $ | 631,857 | ||||
American Airlines Inc |
225,000 | 242,719 | ||||||
American Airlines Pass-Through Trust B |
91,997 | 90,969 | ||||||
Aramark Services Inc |
550,000 | 578,875 | ||||||
Boyd Gaming Corp |
225,000 | 232,313 | ||||||
8.625% due 06/01/25 ~ |
425,000 | 461,125 | ||||||
Caesars Entertainment Inc |
25,000 | 25,344 | ||||||
6.250% due 07/01/25 ~ |
450,000 | 474,303 | ||||||
8.125% due 07/01/27 ~ |
775,000 | 872,243 | ||||||
Caesars Resort Collection LLC |
80,000 | 81,188 | ||||||
Carvana Co |
175,000 | 173,521 | ||||||
5.500% due 04/15/27 ~ |
75,000 | 76,646 | ||||||
5.625% due 10/01/25 ~ |
700,000 | 724,524 | ||||||
5.875% due 10/01/28 ~ |
125,000 | 129,244 | ||||||
Cedar Fair LP |
1,250,000 | 1,283,512 | ||||||
5.375% due 04/15/27 |
500,000 | 514,375 | ||||||
6.500% due 10/01/28 |
225,000 | 241,764 | ||||||
Clarios Global LP |
630,000 | 662,697 | ||||||
8.500% due 05/15/27 ~ |
250,000 | 266,250 | ||||||
Dornoch Debt Merger Sub Inc |
270,000 | 270,338 | ||||||
Ford Motor Co |
1,640,000 | 1,748,650 | ||||||
7.450% due 07/16/31 |
1,250,000 | 1,632,625 | ||||||
9.000% due 04/22/25 |
100,000 | 120,378 | ||||||
9.625% due 04/22/30 |
100,000 | 141,673 | ||||||
Golden Nugget Inc |
1,375,000 | 1,378,506 | ||||||
Hilton Grand Vacations Borrower Escrow LLC |
500,000 | 502,500 | ||||||
5.000% due 06/01/29 ~ |
350,000 | 357,438 | ||||||
Hilton Grand Vacations Borrower LLC |
1,200,000 | 1,246,320 | ||||||
IRB Holding Corp |
675,000 | 717,508 | ||||||
Jacobs Entertainment Inc |
1,100,000 | 1,137,125 | ||||||
LBM Acquisition LLC |
625,000 | 625,572 | ||||||
LGI Homes Inc |
775,000 | 774,031 | ||||||
MajorDrive Holdings IV LLC |
725,000 | 701,597 | ||||||
Marriott Ownership Resorts Inc |
100,000 | 101,375 | ||||||
4.750% due 01/15/28 |
675,000 | 689,695 | ||||||
Midwest Gaming Borrower LLC |
625,000 | 637,500 | ||||||
New Red Finance Inc (Canada) |
550,000 | 545,188 | ||||||
3.875% due 01/15/28 ~ |
100,000 | 101,110 | ||||||
4.000% due 10/15/30 ~ |
350,000 | 346,937 | ||||||
4.375% due 01/15/28 ~ |
600,000 | 609,876 | ||||||
NMG Holding Co Inc |
725,000 | 770,313 | ||||||
PetSmart Inc |
950,000 | 1,037,927 |
Principal |
Value |
|||||||
Scientific Games International Inc |
$ | 150,000 | $ | 162,000 | ||||
7.250% due 11/15/29 ~ |
350,000 | 393,711 | ||||||
8.250% due 03/15/26 ~ |
450,000 | 478,125 | ||||||
SeaWorld Parks & Entertainment Inc |
150,000 | 153,656 | ||||||
Six Flags Entertainment Corp |
1,075,000 | 1,111,281 | ||||||
Six Flags Theme Parks Inc |
25,000 | 26,656 | ||||||
SRS Distribution Inc |
525,000 | 536,261 | ||||||
6.125% due 07/01/29 ~ |
75,000 | 77,345 | ||||||
STL Holding Co LLC |
650,000 | 687,375 | ||||||
The Michaels Cos Inc |
350,000 | 364,166 | ||||||
The Scotts Miracle-Gro Co |
750,000 | 749,528 | ||||||
4.375% due 02/01/32 ~ |
125,000 | 126,172 | ||||||
US Airways Pass-Through Trust B |
145,785 | 145,939 | ||||||
Viking Cruises Ltd |
525,000 | 527,935 | ||||||
7.000% due 02/15/29 ~ |
50,000 | 50,643 | ||||||
Viking Ocean Cruises Ship VII Ltd |
50,000 | 50,088 | ||||||
|
|
|||||||
29,598,532 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 18.7% |
|
|||||||
Ahern Rentals Inc |
2,701,000 | 2,592,960 | ||||||
Albertsons Cos Inc |
100,000 | 101,720 | ||||||
3.500% due 03/15/29 ~ |
50,000 | 49,961 | ||||||
4.625% due 01/15/27 ~ |
50,000 | 52,514 | ||||||
5.875% due 02/15/28 ~ |
1,700,000 | 1,812,625 | ||||||
Allied Universal Holdco LLC |
2,300,000 | 2,505,218 | ||||||
Avantor Funding Inc |
625,000 | 658,594 | ||||||
Bausch Health Americas Inc |
1,250,000 | 1,333,063 | ||||||
Bausch Health Cos Inc |
275,000 | 285,313 | ||||||
5.000% due 01/30/28 ~ |
125,000 | 118,777 | ||||||
5.000% due 02/15/29 ~ |
75,000 | 69,958 | ||||||
5.250% due 02/15/31 ~ |
25,000 | 23,026 | ||||||
6.125% due 04/15/25 ~ |
225,000 | 229,928 | ||||||
6.250% due 02/15/29 ~ |
825,000 | 817,526 | ||||||
Catalent Pharma Solutions Inc |
125,000 | 125,156 | ||||||
Central Garden & Pet Co |
700,000 | 711,743 | ||||||
Charles River Laboratories International Inc |
100,000 | 102,250 | ||||||
4.000% due 03/15/31 ~ |
100,000 | 104,898 | ||||||
4.250% due 05/01/28 ~ |
800,000 | 831,640 | ||||||
Community Health Systems Inc |
180,000 | 181,350 | ||||||
5.625% due 03/15/27 ~ |
75,000 | 78,628 | ||||||
6.125% due 04/01/30 ~ |
25,000 | 24,326 | ||||||
6.625% due 02/15/25 ~ |
1,675,000 | 1,754,563 | ||||||
6.875% due 04/15/29 ~ |
25,000 | 25,093 | ||||||
CoreLogic Inc |
775,000 | 771,125 | ||||||
Garda World Security Corp (Canada) |
150,000 | 147,175 | ||||||
9.500% due 11/01/27 ~ |
497,000 | 538,549 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-37
PACIFIC FUNDS
PACIFIC FUNDS HIGH INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
HCA Inc |
$ | 100,000 | $ | 119,095 | ||||
5.875% due 02/01/29 |
2,425,000 | 2,917,123 | ||||||
Jaguar Holding Co II |
775,000 | 835,194 | ||||||
JBS USA Food Co |
200,000 | 210,376 | ||||||
7.000% due 01/15/26 ~ |
1,150,000 | 1,203,705 | ||||||
JBS USA LUX SA |
75,000 | 78,134 | ||||||
5.500% due 01/15/30 ~ |
650,000 | 723,756 | ||||||
6.500% due 04/15/29 ~ |
50,000 | 55,938 | ||||||
Kraft Heinz Foods Co |
1,350,000 | 1,538,808 | ||||||
5.200% due 07/15/45 |
400,000 | 501,854 | ||||||
Legacy LifePoint Health LLC |
100,000 | 99,875 | ||||||
6.750% due 04/15/25 ~ |
50,000 | 52,605 | ||||||
LifePoint Health Inc |
100,000 | 97,428 | ||||||
Mozart Debt Merger Sub Inc |
225,000 | 225,000 | ||||||
due 10/01/29 # ~ |
25,000 | 25,000 | ||||||
MPH Acquisition Holdings LLC |
125,000 | 124,828 | ||||||
5.750% due 11/01/28 ~ |
750,000 | 707,617 | ||||||
Performance Food Group Inc |
350,000 | 351,316 | ||||||
Pilgrims Pride Corp |
350,000 | 376,512 | ||||||
5.875% due 09/30/27 ~ |
550,000 | 585,475 | ||||||
Post Holdings Inc |
750,000 | 756,735 | ||||||
RegionalCare Hospital Partners Holdings Inc 9.750% due 12/01/26 ~ |
525,000 | 555,188 | ||||||
Select Medical Corp |
950,000 | 1,000,207 | ||||||
Tenet Healthcare Corp |
350,000 | 355,687 | ||||||
4.625% due 06/15/28 ~ |
75,000 | 77,809 | ||||||
4.875% due 01/01/26 ~ |
180,000 | 186,511 | ||||||
6.125% due 10/01/28 ~ |
225,000 | 236,646 | ||||||
6.250% due 02/01/27 ~ |
1,100,000 | 1,142,625 | ||||||
7.500% due 04/01/25 ~ |
25,000 | 26,562 | ||||||
|
|
|||||||
31,215,288 | ||||||||
|
|
|||||||
Energy - 13.1% |
|
|||||||
Antero Midstream Partners LP |
150,000 | 154,688 | ||||||
5.750% due 03/01/27 ~ |
800,000 | 827,440 | ||||||
Antero Resources Corp |
675,000 | 711,720 | ||||||
7.625% due 02/01/29 ~ |
300,000 | 335,775 | ||||||
Archrock Partners LP |
100,000 | 103,559 | ||||||
6.875% due 04/01/27 ~ |
475,000 | 500,132 | ||||||
Buckeye Partners LP |
25,000 | 25,938 | ||||||
4.500% due 03/01/28 ~ |
525,000 | 533,796 | ||||||
Cheniere Energy Partners LP |
625,000 | 627,844 | ||||||
4.000% due 03/01/31 ~ |
425,000 | 445,591 | ||||||
Chesapeake Energy Corp |
550,000 | 588,335 | ||||||
Colgate Energy Partners III LLC |
525,000 | 529,604 | ||||||
Comstock Resources Inc |
775,000 | 807,081 |
Principal |
Value |
|||||||
CQP Holdco LP |
$ | 700,000 | $ | 745,360 | ||||
DT Midstream Inc |
150,000 | 152,297 | ||||||
4.375% due 06/15/31 ~ |
150,000 | 154,688 | ||||||
Endeavor Energy Resources LP |
50,000 | 52,151 | ||||||
5.750% due 01/30/28 ~ |
975,000 | 1,027,406 | ||||||
6.625% due 07/15/25 ~ |
50,000 | 52,750 | ||||||
EnLink Midstream LLC |
50,000 | 53,299 | ||||||
EnLink Midstream Partners LP |
100,000 | 103,249 | ||||||
Enterprise Products Operating LLC |
600,000 | 624,963 | ||||||
EQM Midstream Partners LP |
300,000 | 312,381 | ||||||
5.500% due 07/15/28 |
175,000 | 192,477 | ||||||
6.000% due 07/01/25 ~ |
75,000 | 82,309 | ||||||
6.500% due 07/01/27 ~ |
250,000 | 281,500 | ||||||
Genesis Energy LP |
700,000 | 700,280 | ||||||
8.000% due 01/15/27 |
150,000 | 152,072 | ||||||
ITT Holdings LLC |
350,000 | 353,500 | ||||||
MPLX LP |
650,000 | 663,000 | ||||||
New Fortress Energy Inc |
350,000 | 335,125 | ||||||
Occidental Petroleum Corp |
75,000 | 83,156 | ||||||
5.875% due 09/01/25 |
475,000 | 532,950 | ||||||
6.125% due 01/01/31 |
575,000 | 690,992 | ||||||
6.625% due 09/01/30 |
300,000 | 370,125 | ||||||
8.000% due 07/15/25 |
100,000 | 119,592 | ||||||
8.500% due 07/15/27 |
150,000 | 188,142 | ||||||
8.875% due 07/15/30 |
800,000 | 1,087,744 | ||||||
Range Resources Corp |
350,000 | 394,205 | ||||||
9.250% due 02/01/26 |
500,000 | 545,650 | ||||||
SM Energy Co |
700,000 | 725,599 | ||||||
Sunoco LP |
670,000 | 680,398 | ||||||
Tallgrass Energy Partners LP |
650,000 | 666,861 | ||||||
6.000% due 09/01/31 ~ |
300,000 | 301,908 | ||||||
Targa Resources Partners LP |
75,000 | 77,603 | ||||||
4.875% due 02/01/31 |
950,000 | 1,026,000 | ||||||
5.375% due 02/01/27 |
50,000 | 51,872 | ||||||
5.875% due 04/15/26 |
425,000 | 444,391 | ||||||
6.500% due 07/15/27 |
50,000 | 53,974 | ||||||
USA Compression Partners LP |
775,000 | 821,581 | ||||||
Venture Global Calcasieu Pass LLC |
125,000 | 128,912 | ||||||
4.125% due 08/15/31 ~ |
125,000 | 130,469 | ||||||
Vine Energy Holdings LLC |
575,000 | 621,362 | ||||||
|
|
|||||||
21,973,796 | ||||||||
|
|
|||||||
Financial - 4.4% |
|
|||||||
Iron Mountain Inc REIT |
75,000 | 76,166 | ||||||
4.875% due 09/15/29 ~ |
925,000 | 970,094 | ||||||
5.000% due 07/15/28 ~ |
75,000 | 78,266 | ||||||
5.250% due 03/15/28 ~ |
100,000 | 104,625 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-38
PACIFIC FUNDS
PACIFIC FUNDS HIGH INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
OneMain Finance Corp |
$ | 425,000 | $ | 422,871 | ||||
4.000% due 09/15/30 |
150,000 | 149,437 | ||||||
5.375% due 11/15/29 |
225,000 | 244,147 | ||||||
6.875% due 03/15/25 |
25,000 | 28,125 | ||||||
7.125% due 03/15/26 |
1,950,000 | 2,262,000 | ||||||
Park Intermediate Holdings LLC REIT |
700,000 | 721,333 | ||||||
The Howard Hughes Corp |
75,000 | 75,537 | ||||||
5.375% due 08/01/28 ~ |
1,125,000 | 1,186,875 | ||||||
VICI Properties LP REIT |
175,000 | 181,344 | ||||||
4.250% due 12/01/26 ~ |
200,000 | 209,116 | ||||||
4.625% due 12/01/29 ~ |
600,000 | 645,750 | ||||||
|
|
|||||||
7,355,686 | ||||||||
|
|
|||||||
Industrial - 13.1% |
|
|||||||
ARD Finance SA (Luxembourg) |
700,000 | 744,520 | ||||||
Artera Services LLC |
675,000 | 733,219 | ||||||
Brand Industrial Services Inc |
650,000 | 653,250 | ||||||
BWX Technologies Inc |
850,000 | 871,250 | ||||||
Cargo Aircraft Management Inc |
700,000 | 724,675 | ||||||
First Student Bidco Inc |
1,125,000 | 1,110,937 | ||||||
Gates Global LLC |
675,000 | 701,156 | ||||||
GFL Environmental Inc (Canada) |
225,000 | 226,688 | ||||||
3.750% due 08/01/25 ~ |
225,000 | 231,750 | ||||||
4.000% due 08/01/28 ~ |
75,000 | 74,531 | ||||||
4.375% due 08/15/29 ~ |
50,000 | 50,562 | ||||||
4.750% due 06/15/29 ~ |
75,000 | 77,156 | ||||||
5.125% due 12/15/26 ~ |
225,000 | 236,556 | ||||||
Granite US Holdings Corp |
800,000 | 877,008 | ||||||
Hillenbrand Inc |
650,000 | 646,409 | ||||||
Husky III Holding Ltd (Canada) |
175,000 | 186,514 | ||||||
Madison IAQ LLC |
75,000 | 75,095 | ||||||
5.875% due 06/30/29 ~ |
1,175,000 | 1,185,346 | ||||||
Mauser Packaging Solutions Holding Co |
1,200,000 | 1,194,240 | ||||||
Sensata Technologies BV |
150,000 | 152,880 | ||||||
5.625% due 11/01/24 ~ |
1,175,000 | 1,301,947 | ||||||
Sensata Technologies Inc |
75,000 | 75,607 | ||||||
4.375% due 02/15/30 ~ |
1,150,000 | 1,239,453 | ||||||
Standard Industries Inc |
75,000 | 71,471 | ||||||
4.375% due 07/15/30 ~ |
175,000 | 178,719 | ||||||
4.750% due 01/15/28 ~ |
1,600,000 | 1,662,000 | ||||||
Titan Acquisition Ltd (Canada) |
1,210,000 | 1,238,132 | ||||||
TK Elevator Holdco GmbH (Germany) |
625,000 | 668,750 | ||||||
TK Elevator US Newco Inc (Germany) |
525,000 | 550,843 |
Principal |
Value |
|||||||
TransDigm Inc |
$ | 575,000 | $ | 577,053 | ||||
6.250% due 03/15/26 ~ |
700,000 | 730,625 | ||||||
8.000% due 12/15/25 ~ |
225,000 | 240,188 | ||||||
TransDigm UK Holdings PLC |
1,525,000 | 1,605,062 | ||||||
TriMas Corp |
675,000 | 691,693 | ||||||
VM Consolidated Inc |
400,000 | 407,398 | ||||||
|
|
|||||||
21,992,683 | ||||||||
|
|
|||||||
Technology - 1.3% |
|
|||||||
Entegris Inc |
150,000 | 153,208 | ||||||
4.375% due 04/15/28 ~ |
525,000 | 550,688 | ||||||
MSCI Inc |
300,000 | 303,813 | ||||||
Rackspace Technology Global Inc |
375,000 | 362,445 | ||||||
Tempo Acquisition LLC |
125,000 | 131,434 | ||||||
Twilio Inc |
150,000 | 153,638 | ||||||
3.875% due 03/15/31 |
450,000 | 461,277 | ||||||
|
|
|||||||
2,116,503 | ||||||||
|
|
|||||||
Utilities - 1.8% |
|
|||||||
Calpine Corp |
700,000 | 709,789 | ||||||
NRG Energy Inc |
200,000 | 196,700 | ||||||
5.250% due 06/15/29 ~ |
300,000 | 319,500 | ||||||
Pike Corp |
625,000 | 637,741 | ||||||
Talen Energy Supply LLC |
500,000 | 249,575 | ||||||
7.250% due 05/15/27 ~ |
100,000 | 94,510 | ||||||
7.625% due 06/01/28 ~ |
100,000 | 93,924 | ||||||
Vistra Operations Co LLC |
75,000 | 75,554 | ||||||
5.000% due 07/31/27 ~ |
375,000 | 387,656 | ||||||
5.500% due 09/01/26 ~ |
200,000 | 205,740 | ||||||
5.625% due 02/15/27 ~ |
100,000 | 103,631 | ||||||
|
|
|||||||
3,074,320 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
144,894,786 | |||||||
|
|
|||||||
SENIOR LOAN NOTES - 3.1% |
|
|||||||
Consumer, Cyclical - 1.7% |
||||||||
18 Fremont Street Acquisition LLC |
223,819 | 228,715 | ||||||
MIC Glen LLC (2nd Lien) |
250,000 | 252,188 | ||||||
SeaWorld Parks & Entertainment Inc Term B |
1,500,000 | 1,497,750 | ||||||
Spectacle Gary Holdings LLC |
623,438 | 679,547 | ||||||
Tacala Investment Corp Term B (2nd Lien) |
250,000 | 250,521 | ||||||
|
|
|||||||
2,908,721 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-39
PACIFIC FUNDS
PACIFIC FUNDS HIGH INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Energy - 0.3% |
||||||||
Traverse Midstream Partners LLC Term B |
$ | 462,521 | $ | 463,594 | ||||
|
|
|||||||
Industrial - 0.6% |
||||||||
Dynasty Acquisition Co Inc |
637,343 | 624,640 | ||||||
Standard Aero Ltd |
342,657 | 335,828 | ||||||
|
|
|||||||
960,468 | ||||||||
|
|
|||||||
Technology - 0.5% |
||||||||
Bright Bidco BV Term B (Netherlands) |
374,997 | 301,580 | ||||||
The Dun & Bradstreet Corp Term B |
591,034 | 591,086 | ||||||
|
|
|||||||
892,666 | ||||||||
|
|
|||||||
Total Senior Loan Notes |
5,225,449 | |||||||
|
|
|||||||
ASSET-BACKED SECURITIES - 3.3% |
|
|||||||
Benefit Street Partners CLO Ltd (Cayman) |
||||||||
6.084% (USD LIBOR + 5.950%) |
250,000 | 238,471 | ||||||
6.834% (USD LIBOR + 6.700%) |
250,000 | 252,205 | ||||||
Dryden CLO Fund (Cayman) |
||||||||
7.326% (USD LIBOR + 7.200%) |
250,000 | 234,778 | ||||||
Kayne CLO II Ltd (Cayman) |
||||||||
6.126% (USD LIBOR + 6.000%) |
400,000 | 400,990 | ||||||
7.576% (USD LIBOR + 7.450%) |
250,000 | 247,664 | ||||||
Magnetite XXII Ltd (Cayman) |
500,000 | 501,012 | ||||||
Magnetite XXIX Ltd (Cayman) |
1,050,000 | 1,038,812 | ||||||
Neuberger Berman CLO XXIII Ltd (Cayman) |
300,000 | 298,663 | ||||||
Neuberger Berman Loan Advisers CLO Ltd |
750,000 | 740,821 | ||||||
6.634% (USD LIBOR + 6.500%) |
500,000 | 502,120 | ||||||
OCP CLO Ltd (Cayman) |
500,000 | 502,647 | ||||||
OHA Credit Partners VII Ltd (Cayman) |
250,000 | 248,880 | ||||||
Voya CLO Ltd (Cayman) |
300,000 | 302,567 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
5,509,630 | |||||||
|
|
Shares |
Value |
|||||||
SHORT-TERM INVESTMENT - 3.2% |
|
|||||||
Money Market Fund - 3.2% |
|
|||||||
BlackRock Liquidity Funds T-Fund
Portfolio |
5,348,528 | $ | 5,348,528 | |||||
|
|
|||||||
Total Short-Term Investment |
5,348,528 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 98.3% |
|
164,516,100 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - 1.7% |
|
2,890,583 | ||||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$167,406,683 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Consumer, Cyclical |
19.6% | |||
Consumer, Non-Cyclical |
18.8% | |||
Industrial |
13.9% | |||
Energy |
13.4% | |||
Communications |
12.4% | |||
Basic Materials |
4.4% | |||
Financial |
4.4% | |||
Asset-Backed Securities |
3.3% | |||
Short-Term Investment |
3.2% | |||
Others (each less than 3.0%) |
4.9% | |||
|
|
|||
98.3% | ||||
Other Assets & Liabilities, Net |
1.7% | |||
|
|
|||
100.0% | ||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-40
PACIFIC FUNDS
PACIFIC FUNDS HIGH INCOME
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
|||||||||||||||||
Basic Materials |
$447,374 | $447,374 | $ | $ | ||||||||||||||
Consumer, Cyclical |
286,175 | 286,175 | | | ||||||||||||||
Consumer, Non-Cyclical |
201,943 | 201,943 | | | ||||||||||||||
Industrial |
438,304 | 424,944 | 13,360 | | ||||||||||||||
Utilities |
317,983 | 317,983 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Common Stocks |
1,691,779 | 1,678,419 | 13,360 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Exchange-Traded Funds |
1,845,928 | 1,845,928 | | | ||||||||||||||
Corporate Bonds & Notes |
144,894,786 | | 144,894,786 | | ||||||||||||||
Senior Loan Notes |
5,225,449 | | 5,225,449 | | ||||||||||||||
Asset-Backed Securities |
5,509,630 | | 5,509,630 | | ||||||||||||||
Short-Term Investment |
5,348,528 | 5,348,528 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$164,516,100 | $8,872,875 | $155,643,225 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-41
PACIFIC FUNDS
PACIFIC FUNDSSM SMALL/MID-CAP
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 99.1% |
|
|||||||
Basic Materials - 4.1% |
||||||||
Arconic Corp * |
126,947 | $4,003,909 | ||||||
Axalta Coating Systems Ltd * |
124,670 | 3,639,117 | ||||||
Celanese Corp |
21,514 | 3,240,869 | ||||||
Kaiser Aluminum Corp |
31,895 | 3,475,279 | ||||||
|
|
|||||||
14,359,174 | ||||||||
|
|
|||||||
Communications - 4.1% |
||||||||
Calix Inc * |
77,827 | 3,846,989 | ||||||
Revolve Group Inc * |
62,406 | 3,854,819 | ||||||
Viavi Solutions Inc * |
186,476 | 2,935,132 | ||||||
Vonage Holdings Corp * |
229,554 | 3,700,410 | ||||||
|
|
|||||||
14,337,350 | ||||||||
|
|
|||||||
Consumer, Cyclical - 19.7% |
||||||||
American Eagle Outfitters Inc |
160,057 | 4,129,471 | ||||||
Avient Corp |
64,670 | 2,997,454 | ||||||
Bed Bath & Beyond Inc * |
118,246 | 2,042,700 | ||||||
Big Lots Inc |
47,259 | 2,049,150 | ||||||
BJs Restaurants Inc * |
65,255 | 2,725,049 | ||||||
BJs Wholesale Club Holdings Inc * |
84,242 | 4,626,571 | ||||||
Bloomin Brands Inc * |
119,543 | 2,988,575 | ||||||
Dana Inc |
123,993 | 2,757,604 | ||||||
Darden Restaurants Inc |
19,180 | 2,905,195 | ||||||
Dave & Busters Entertainment Inc * |
36,539 | 1,400,540 | ||||||
Deckers Outdoor Corp * |
10,817 | 3,896,283 | ||||||
Guess? Inc |
105,355 | 2,213,509 | ||||||
Hilton Grand Vacations Inc * |
65,190 | 3,101,088 | ||||||
JetBlue Airways Corp * |
211,866 | 3,239,431 | ||||||
KB Home |
69,456 | 2,703,227 | ||||||
Kohls Corp |
85,529 | 4,027,561 | ||||||
Lithia Motors Inc |
13,694 | 4,341,546 | ||||||
Penn National Gaming Inc * |
38,133 | 2,763,117 | ||||||
RH * |
5,979 | 3,987,455 | ||||||
SeaWorld Entertainment Inc * |
52,395 | 2,898,491 | ||||||
SkyWest Inc * |
41,771 | 2,060,981 | ||||||
Steven Madden Ltd |
66,463 | 2,669,154 | ||||||
UniFirst Corp |
14,848 | 3,156,982 | ||||||
|
|
|||||||
69,681,134 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 19.7% |
||||||||
AdaptHealth Corp * |
134,528 | 3,133,157 | ||||||
Amedisys Inc * |
11,095 | 1,654,265 | ||||||
Amicus Therapeutics Inc * |
203,299 | 1,941,505 | ||||||
Arena Pharmaceuticals Inc * |
34,398 | 2,048,401 | ||||||
Avantor Inc * |
57,654 | 2,358,049 | ||||||
Charles River Laboratories International Inc * |
12,950 | 5,344,076 | ||||||
Chegg Inc * |
27,908 | 1,898,302 | ||||||
Deluxe Corp |
105,035 | 3,769,706 | ||||||
Exact Sciences Corp * |
29,468 | 2,812,721 | ||||||
Heron Therapeutics Inc * |
176,130 | 1,882,830 | ||||||
Horizon Therapeutics PLC * |
76,050 | 8,330,517 | ||||||
Iovance Biotherapeutics Inc * |
98,364 | 2,425,656 | ||||||
Jazz Pharmaceuticals PLC * |
29,837 | 3,885,076 | ||||||
Merit Medical Systems Inc * |
50,077 | 3,595,529 | ||||||
Neurocrine Biosciences Inc * |
28,496 | 2,733,051 | ||||||
Novavax Inc * |
9,879 | 2,048,015 | ||||||
NuVasive Inc * |
41,359 | 2,475,336 | ||||||
Performance Food Group Co * |
81,634 | 3,792,716 | ||||||
Progyny Inc * |
48,968 | 2,742,208 | ||||||
Quanta Services Inc |
60,041 | 6,833,867 | ||||||
Syneos Health Inc * |
42,798 | 3,743,969 | ||||||
|
|
|||||||
69,448,952 | ||||||||
|
|
Shares |
Value |
|||||||
Energy - 4.1% |
||||||||
Bonanza Creek Energy Inc |
69,556 | $3,331,733 | ||||||
Diamondback Energy Inc |
53,088 | 5,025,841 | ||||||
HollyFrontier Corp |
49,963 | 1,655,274 | ||||||
Pioneer Natural Resources Co |
16,947 | 2,821,845 | ||||||
Sunnova Energy International Inc * |
54,378 | 1,791,211 | ||||||
|
|
|||||||
14,625,904 | ||||||||
|
|
|||||||
Financial - 18.9% |
||||||||
Brixmor Property Group Inc REIT |
131,682 | 2,911,489 | ||||||
DiamondRock Hospitality Co REIT * |
372,222 | 3,517,498 | ||||||
Everest Re Group Ltd |
12,617 | 3,164,091 | ||||||
First Horizon Corp |
292,524 | 4,765,216 | ||||||
First Industrial Realty Trust Inc REIT |
69,635 | 3,626,591 | ||||||
Hancock Whitney Corp |
120,108 | 5,659,489 | ||||||
Host Hotels & Resorts Inc REIT * |
211,336 | 3,451,117 | ||||||
Lamar Advertising Co A REIT |
37,550 | 4,260,048 | ||||||
Mid-America Apartment Communities Inc REIT |
25,008 | 4,670,244 | ||||||
Pinnacle Financial Partners Inc |
78,379 | 7,373,896 | ||||||
Radian Group Inc |
178,152 | 4,047,613 | ||||||
Stifel Financial Corp |
53,546 | 3,638,986 | ||||||
United Community Banks Inc |
137,574 | 4,515,179 | ||||||
Western Alliance Bancorp |
64,271 | 6,993,970 | ||||||
Wintrust Financial Corp |
52,778 | 4,241,768 | ||||||
|
|
|||||||
66,837,195 | ||||||||
|
|
|||||||
Industrial - 10.4% |
||||||||
Atkore Inc * |
54,030 | 4,696,288 | ||||||
CIRCOR International Inc * |
68,651 | 2,266,170 | ||||||
EnPro Industries Inc |
30,662 | 2,671,273 | ||||||
Generac Holdings Inc * |
16,796 | 6,864,021 | ||||||
GrafTech International Ltd |
371,488 | 3,833,756 | ||||||
Hillenbrand Inc |
105,288 | 4,490,533 | ||||||
II-VI Inc * |
43,270 | 2,568,507 | ||||||
Jacobs Engineering Group Inc |
28,414 | 3,765,707 | ||||||
SPX Corp * |
48,886 | 2,612,957 | ||||||
The Timken Co |
45,154 | 2,953,975 | ||||||
|
|
|||||||
36,723,187 | ||||||||
|
|
|||||||
Technology - 15.9% |
||||||||
Avaya Holdings Corp * |
174,891 | 3,461,093 | ||||||
Box Inc A * |
149,601 | 3,541,056 | ||||||
Cirrus Logic Inc * |
45,082 | 3,712,503 | ||||||
Cohu Inc * |
100,926 | 3,223,576 | ||||||
CommVault Systems Inc * |
50,666 | 3,815,656 | ||||||
Digital Turbine Inc * |
57,388 | 3,945,425 | ||||||
DigitalOcean Holdings Inc * |
6,343 | 492,407 | ||||||
Elastic NV * |
34,170 | 5,090,988 | ||||||
Everbridge Inc * |
17,037 | 2,573,268 | ||||||
J2 Global Inc * |
34,734 | 4,745,359 | ||||||
Marvell Technology Inc |
57,824 | 3,487,365 | ||||||
MKS Instruments Inc |
17,250 | 2,603,198 | ||||||
Sailpoint Technologies Holdings Inc * |
57,971 | 2,485,797 | ||||||
Silicon Laboratories Inc * |
25,611 | 3,589,638 | ||||||
Sprout Social Inc A * |
43,639 | 5,321,776 | ||||||
ZoomInfo Technologies Inc A * |
67,795 | 4,148,376 | ||||||
|
|
|||||||
56,237,481 | ||||||||
|
|
|||||||
Utilities - 2.2% |
||||||||
Evoqua Water Technologies Corp * |
109,939 | 4,129,309 | ||||||
Portland General Electric Co |
77,989 | 3,664,703 | ||||||
|
|
|||||||
7,794,012 | ||||||||
|
|
|||||||
Total Common Stocks |
350,044,389 | |||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-42
PACIFIC FUNDS
PACIFIC FUNDS SMALL/MID-CAP
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
SHORT-TERM INVESTMENT - 1.0% |
|
|||||||
Money Market Fund - 1.0% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
3,394,255 | $3,394,255 | ||||||
|
|
|||||||
Total Short-Term Investment |
3,394,255 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.1% |
|
353,438,644 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.1%) |
|
(234,947 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$353,203,697 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Consumer, Cyclical |
19.7% | |||
Consumer, Non-Cyclical |
19.7% | |||
Financial |
18.9% | |||
Technology |
15.9% | |||
Industrial |
10.4% | |||
Energy |
4.1% | |||
Basic Materials |
4.1% | |||
Communications |
4.1% | |||
Others (each less than 3.0%) |
3.2% | |||
|
|
|||
100.1% | ||||
Other Assets & Liabilities, Net |
(0.1% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
$350,044,389 | $350,044,389 | $ | $ | |||||||||||||
Short-Term Investment |
3,394,255 | 3,394,255 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$353,438,644 | $353,438,644 | $ | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-43
PACIFIC FUNDS
PACIFIC FUNDSSM SMALL-CAP
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 98.3% |
||||||||
Basic Materials - 3.2% |
||||||||
AdvanSix Inc * |
7,308 | $290,493 | ||||||
Arconic Corp * |
8,544 | 269,478 | ||||||
Kaiser Aluminum Corp |
2,429 | 264,664 | ||||||
|
|
|||||||
824,635 | ||||||||
|
|
|||||||
Communications - 4.6% |
||||||||
Calix Inc * |
6,299 | 311,360 | ||||||
Revolve Group Inc * |
5,281 | 326,207 | ||||||
Viavi Solutions Inc * |
14,437 | 227,238 | ||||||
Vonage Holdings Corp * |
19,484 | 314,082 | ||||||
|
|
|||||||
1,178,887 | ||||||||
|
|
|||||||
Consumer, Cyclical - 17.8% |
||||||||
American Eagle Outfitters Inc |
12,016 | 310,013 | ||||||
Avient Corp |
6,215 | 288,065 | ||||||
Ballys Corp * |
4,463 | 223,775 | ||||||
Bed Bath & Beyond Inc * |
9,942 | 171,748 | ||||||
Big Lots Inc |
5,181 | 224,648 | ||||||
BJs Restaurants Inc * |
5,398 | 225,421 | ||||||
BJs Wholesale Club Holdings Inc * |
5,977 | 328,257 | ||||||
Bloomin Brands Inc * |
10,341 | 258,525 | ||||||
Dana Inc |
8,757 | 194,756 | ||||||
Dave & Busters Entertainment Inc * |
6,330 | 242,629 | ||||||
Deckers Outdoor Corp * |
502 | 180,820 | ||||||
Guess? Inc |
10,811 | 227,139 | ||||||
Hilton Grand Vacations Inc * |
5,794 | 275,621 | ||||||
KB Home |
6,278 | 244,340 | ||||||
Kohls Corp |
4,657 | 219,298 | ||||||
Lithia Motors Inc |
672 | 213,051 | ||||||
SeaWorld Entertainment Inc * |
4,798 | 265,425 | ||||||
SkyWest Inc * |
4,157 | 205,106 | ||||||
Steven Madden Ltd |
5,712 | 229,394 | ||||||
|
|
|||||||
4,528,031 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 20.8% |
||||||||
Acadia Healthcare Co Inc * |
3,460 | 220,679 | ||||||
AdaptHealth Corp * |
10,581 | 246,431 | ||||||
Addus HomeCare Corp * |
2,614 | 208,467 | ||||||
Alphatec Holdings Inc * |
14,536 | 177,194 | ||||||
Amicus Therapeutics Inc * |
20,968 | 200,244 | ||||||
Arena Pharmaceuticals Inc * |
3,322 | 197,825 | ||||||
AtriCure Inc * |
4,175 | 290,371 | ||||||
Deluxe Corp |
7,702 | 276,425 | ||||||
Harmony Biosciences Holdings Inc * |
8,685 | 332,896 | ||||||
Herc Holdings Inc * |
2,374 | 388,054 | ||||||
Heron Therapeutics Inc * |
17,533 | 187,428 | ||||||
Iovance Biotherapeutics Inc * |
7,568 | 186,627 | ||||||
LivaNova PLC * |
2,744 | 217,297 | ||||||
Medpace Holdings Inc * |
1,561 | 295,466 | ||||||
Novavax Inc * |
593 | 122,935 | ||||||
NuVasive Inc * |
3,843 | 230,004 | ||||||
Performance Food Group Co * |
5,963 | 277,041 | ||||||
PetIQ Inc * |
6,356 | 158,709 | ||||||
Phathom Pharmaceuticals Inc * |
5,704 | 183,098 | ||||||
Progyny Inc * |
5,227 | 292,712 | ||||||
Protagonist Therapeutics Inc * |
6,340 | 112,345 | ||||||
Revance Therapeutics Inc * |
8,896 | 247,843 | ||||||
TCR2 Therapeutics Inc * |
11,721 | 99,746 | ||||||
WW International Inc * |
8,253 | 150,617 | ||||||
|
|
|||||||
5,300,454 | ||||||||
|
|
Shares |
Value |
|||||||
Energy - 4.6% |
||||||||
Bonanza Creek Energy Inc |
6,176 | $295,830 | ||||||
Brigham Minerals Inc A |
15,955 | 305,698 | ||||||
Magnolia Oil & Gas Corp A |
23,114 | 411,198 | ||||||
Sunnova Energy International Inc * |
4,776 | 157,322 | ||||||
|
|
|||||||
1,170,048 | ||||||||
|
|
|||||||
Financial - 19.4% |
||||||||
Argo Group International Holdings Ltd |
4,538 | 236,974 | ||||||
Brightsphere Investment Group Inc |
6,528 | 170,577 | ||||||
ConnectOne Bancorp Inc |
11,485 | 344,665 | ||||||
DiamondRock Hospitality Co REIT * |
30,258 | 285,938 | ||||||
Enterprise Financial Services Corp |
5,773 | 261,402 | ||||||
First Industrial Realty Trust Inc REIT |
3,938 | 205,091 | ||||||
Hancock Whitney Corp |
7,446 | 350,856 | ||||||
Home BancShares Inc |
11,159 | 262,571 | ||||||
NexPoint Residential Trust Inc REIT |
4,802 | 297,148 | ||||||
Origin Bancorp Inc |
3,503 | 148,352 | ||||||
Pinnacle Financial Partners Inc |
2,958 | 278,289 | ||||||
Radian Group Inc |
12,978 | 294,860 | ||||||
Sandy Spring Bancorp Inc |
6,716 | 307,727 | ||||||
Seacoast Banking Corp of Florida |
8,694 | 293,944 | ||||||
SITE Centers Corp REIT |
18,094 | 279,371 | ||||||
Stifel Financial Corp |
3,890 | 264,364 | ||||||
United Community Banks Inc |
9,061 | 297,382 | ||||||
Veritex Holdings Inc |
9,009 | 354,594 | ||||||
|
|
|||||||
4,934,105 | ||||||||
|
|
|||||||
Industrial - 12.1% |
||||||||
Atkore Inc * |
3,572 | 310,478 | ||||||
CIRCOR International Inc * |
7,215 | 238,167 | ||||||
EnPro Industries Inc |
2,754 | 239,928 | ||||||
GrafTech International Ltd |
21,349 | 220,322 | ||||||
Hillenbrand Inc |
8,647 | 368,795 | ||||||
II-VI Inc * |
3,805 | 225,865 | ||||||
Infrastructure and Energy Alternatives Inc * |
14,163 | 161,883 | ||||||
Masonite International Corp * |
1,811 | 192,201 | ||||||
MYR Group Inc * |
2,609 | 259,596 | ||||||
Rexnord Corp |
5,132 | 329,936 | ||||||
Saia Inc * |
1,431 | 340,621 | ||||||
The Timken Co |
2,866 | 187,494 | ||||||
|
|
|||||||
3,075,286 | ||||||||
|
|
|||||||
Technology - 13.7% |
||||||||
Avaya Holdings Corp * |
13,536 | 267,877 | ||||||
Box Inc A * |
13,167 | 311,663 | ||||||
Cirrus Logic Inc * |
3,525 | 290,284 | ||||||
Cohu Inc * |
7,234 | 231,054 | ||||||
CommVault Systems Inc * |
3,642 | 274,279 | ||||||
Digital Turbine Inc * |
4,566 | 313,912 | ||||||
DigitalOcean Holdings Inc * |
827 | 64,200 | ||||||
Everbridge Inc * |
1,901 | 287,127 | ||||||
J2 Global Inc * |
2,587 | 353,436 | ||||||
Sailpoint Technologies Holdings Inc * |
5,568 | 238,756 | ||||||
Silicon Laboratories Inc * |
1,710 | 239,674 | ||||||
Sprout Social Inc A * |
2,954 | 360,240 | ||||||
Ultra Clean Holdings Inc * |
6,142 | 261,649 | ||||||
|
|
|||||||
3,494,151 | ||||||||
|
|
|||||||
Utilities - 2.1% |
||||||||
Evoqua Water Technologies Corp * |
8,226 | 308,968 | ||||||
Portland General Electric Co |
4,933 | 231,802 | ||||||
|
|
|||||||
540,770 | ||||||||
|
|
|||||||
Total Common Stocks |
25,046,367 | |||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-44
PACIFIC FUNDS
PACIFIC FUNDS SMALL-CAP
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
SHORT-TERM INVESTMENT - 1.2% |
|
|||||||
Money Market Fund - 1.2% |
||||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
309,002 | $309,002 | ||||||
|
|
|||||||
Total Short-Term Investment |
309,002 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 99.5% |
25,355,369 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - 0.5% |
128,301 | |||||||
|
|
|||||||
NET ASSETS - 100.0% |
$25,483,670 | |||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Consumer, Non-Cyclical |
20.8% | |||
Financial |
19.4% | |||
Consumer, Cyclical |
17.8% | |||
Technology |
13.7% | |||
Industrial |
12.1% | |||
Communications |
4.6% | |||
Energy |
4.6% | |||
Basic Materials |
3.2% | |||
Others (each less than 3.0%) |
3.3% | |||
|
|
|||
99.5% | ||||
Other Assets & Liabilities, Net |
0.5% | |||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant |
Level 3 Significant |
|||||||||||||||
Assets |
Common Stocks |
$25,046,367 | $25,046,367 | $ | $ | |||||||||||||
Short-Term Investment |
309,002 | 309,002 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$25,355,369 | $25,355,369 | $ | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-45
PACIFIC FUNDS
PACIFIC FUNDSSM SMALL-CAP VALUE
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 96.2% |
||||||||
Basic Materials - 4.7% |
||||||||
AdvanSix Inc * |
7,539 | $299,675 | ||||||
Alcoa Corp * |
5,960 | 291,683 | ||||||
Arconic Corp * |
8,646 | 272,695 | ||||||
|
|
|||||||
864,053 | ||||||||
|
|
|||||||
Communications - 1.7% |
||||||||
Viavi Solutions Inc * |
8,805 | 138,591 | ||||||
Vonage Holdings Corp * |
11,076 | 178,545 | ||||||
|
|
|||||||
317,136 | ||||||||
|
|
|||||||
Consumer, Cyclical - 12.8% |
||||||||
American Eagle Outfitters Inc |
8,047 | 207,613 | ||||||
Avient Corp |
4,843 | 224,473 | ||||||
Bed Bath & Beyond Inc * |
5,627 | 97,206 | ||||||
Big Lots Inc |
3,545 | 153,711 | ||||||
BJs Restaurants Inc * |
3,836 | 160,191 | ||||||
Bloomin Brands Inc * |
6,953 | 173,825 | ||||||
Dana Inc |
9,047 | 201,205 | ||||||
Dave & Busters Entertainment Inc * |
2,897 | 111,042 | ||||||
Guess? Inc |
10,503 | 220,668 | ||||||
Hilton Grand Vacations Inc * |
3,196 | 152,034 | ||||||
KB Home |
4,465 | 173,778 | ||||||
SkyWest Inc * |
4,288 | 211,570 | ||||||
Steven Madden Ltd |
3,972 | 159,516 | ||||||
UniFirst Corp |
657 | 139,691 | ||||||
|
|
|||||||
2,386,523 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 14.1% |
||||||||
Acadia Healthcare Co Inc * |
2,655 | 169,336 | ||||||
AdaptHealth Corp * |
8,416 | 196,009 | ||||||
Arena Pharmaceuticals Inc * |
1,820 | 108,381 | ||||||
Deluxe Corp |
6,219 | 223,200 | ||||||
Harmony Biosciences Holdings Inc * |
4,912 | 188,277 | ||||||
Herc Holdings Inc * |
1,849 | 302,237 | ||||||
Hostess Brands Inc * |
15,729 | 273,213 | ||||||
LivaNova PLC * |
1,727 | 136,761 | ||||||
Performance Food Group Co * |
4,081 | 189,603 | ||||||
PetIQ Inc * |
3,578 | 89,343 | ||||||
PROG Holdings Inc |
4,096 | 172,073 | ||||||
Protagonist Therapeutics Inc * |
3,424 | 60,673 | ||||||
Revance Therapeutics Inc * |
4,537 | 126,401 | ||||||
SeaSpine Holdings Corp * |
8,878 | 139,651 | ||||||
Textainer Group Holdings Ltd (China) * |
7,293 | 254,598 | ||||||
|
|
|||||||
2,629,756 | ||||||||
|
|
|||||||
Energy - 6.8% |
||||||||
Bonanza Creek Energy Inc |
6,168 | 295,447 | ||||||
Brigham Minerals Inc A |
20,344 | 389,791 | ||||||
Magnolia Oil & Gas Corp A |
25,883 | 460,459 | ||||||
Sunnova Energy International Inc * |
3,706 | 122,076 | ||||||
|
|
|||||||
1,267,773 | ||||||||
|
|
|||||||
Financial - 34.8% |
||||||||
Argo Group International Holdings Ltd |
4,408 | 230,186 | ||||||
Blucora Inc * |
10,309 | 160,717 | ||||||
Brightsphere Investment Group Inc |
5,596 | 146,223 | ||||||
Brixmor Property Group Inc REIT |
11,719 | 259,107 | ||||||
ConnectOne Bancorp Inc |
11,294 | 338,933 | ||||||
DiamondRock Hospitality Co REIT * |
25,056 | 236,779 | ||||||
Enterprise Financial Services Corp |
4,511 | 204,258 | ||||||
First Bancorp |
4,045 | 173,975 | ||||||
First Industrial Realty Trust Inc REIT |
3,841 | 200,039 | ||||||
Hancock Whitney Corp |
6,882 | 324,280 | ||||||
Healthcare Realty Trust Inc REIT |
6,634 | 197,561 | ||||||
Home BancShares Inc |
5,922 | 139,345 | ||||||
Horizon Bancorp Inc |
11,597 | 210,718 |
Shares |
Value |
|||||||
National Storage Affiliates Trust REIT |
3,729 | $196,854 | ||||||
NexPoint Residential Trust Inc REIT |
3,986 | 246,654 | ||||||
Old Second Bancorp Inc |
11,752 | 153,481 | ||||||
Origin Bancorp Inc |
3,903 | 165,292 | ||||||
Piedmont Office Realty Trust Inc A REIT |
10,466 | 182,422 | ||||||
Pinnacle Financial Partners Inc |
3,703 | 348,378 | ||||||
QCR Holdings Inc |
4,975 | 255,914 | ||||||
Radian Group Inc |
10,858 | 246,694 | ||||||
Sandy Spring Bancorp Inc |
6,114 | 280,144 | ||||||
Seacoast Banking Corp of Florida |
6,083 | 205,666 | ||||||
Selective Insurance Group Inc |
1,898 | 143,356 | ||||||
SITE Centers Corp REIT |
17,976 | 277,549 | ||||||
Stifel Financial Corp |
2,913 | 197,968 | ||||||
United Community Banks Inc |
9,148 | 300,237 | ||||||
Veritex Holdings Inc |
7,105 | 279,653 | ||||||
WSFS Financial Corp |
3,466 | 177,840 | ||||||
|
|
|||||||
6,480,223 | ||||||||
|
|
|||||||
Industrial - 14.5% |
||||||||
Atkore Inc * |
2,842 | 247,027 | ||||||
CIRCOR International Inc * |
5,740 | 189,477 | ||||||
Crane Co |
2,032 | 192,654 | ||||||
EnPro Industries Inc |
2,977 | 259,356 | ||||||
GrafTech International Ltd |
22,315 | 230,291 | ||||||
Harsco Corp * |
1,688 | 28,612 | ||||||
Hillenbrand Inc |
6,823 | 291,001 | ||||||
II-VI Inc * |
2,602 | 154,455 | ||||||
Infrastructure and Energy Alternatives Inc * |
18,443 | 210,803 | ||||||
Masonite International Corp * |
1,477 | 156,754 | ||||||
MYR Group Inc * |
2,758 | 274,421 | ||||||
The Timken Co |
2,322 | 151,905 | ||||||
UFP Industries Inc |
2,043 | 138,883 | ||||||
UFP Technologies Inc * |
2,914 | 179,473 | ||||||
|
|
|||||||
2,705,112 | ||||||||
|
|
|||||||
Technology - 3.9% |
||||||||
Avaya Holdings Corp * |
7,471 | 147,851 | ||||||
Cirrus Logic Inc * |
1,977 | 162,806 | ||||||
Cohu Inc * |
4,698 | 150,054 | ||||||
Synaptics Inc * |
836 | 150,254 | ||||||
Ultra Clean Holdings Inc * |
2,798 | 119,195 | ||||||
|
|
|||||||
730,160 | ||||||||
|
|
|||||||
Utilities - 2.9% |
||||||||
Evoqua Water Technologies Corp * |
4,020 | 150,991 | ||||||
Portland General Electric Co |
8,161 | 383,486 | ||||||
|
|
|||||||
534,477 | ||||||||
|
|
|||||||
Total Common Stocks |
17,915,213 | |||||||
|
|
|||||||
EXCHANGE-TRADED FUND - 1.0% |
||||||||
iShares Russell 2000 Value |
1,209 | 193,718 | ||||||
|
|
|||||||
Total Exchange-Traded Fund |
193,718 | |||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-46
PACIFIC FUNDS
PACIFIC FUNDS SMALL-CAP VALUE
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
SHORT-TERM INVESTMENT - 2.7% |
|
|||||||
Money Market Fund - 2.7% |
||||||||
BlackRock Liquidity Funds T-Fund
Portfolio |
502,261 | $502,261 | ||||||
|
|
|||||||
Total Short-Term Investment |
502,261 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 99.9% |
18,611,192 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - 0.1% |
16,355 | |||||||
|
|
|||||||
NET ASSETS - 100.0% |
$18,627,547 | |||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Financial |
34.8% | |||
Industrial |
14.5% | |||
Consumer, Non-Cyclical |
14.1% | |||
Consumer, Cyclical |
12.8% | |||
Energy |
6.8% | |||
Basic Materials |
4.7% | |||
Technology |
3.9% | |||
Others (each less than 3.0%) |
8.3% | |||
|
|
|||
99.9% | ||||
Other Assets & Liabilities, Net |
0.1% | |||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
$17,915,213 | $17,915,213 | $ | $ | |||||||||||||
Exchange-Traded Fund |
193,718 | 193,718 | | | ||||||||||||||
Short-Term Investment |
502,261 | 502,261 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$18,611,192 | $18,611,192 | $ | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-47
PACIFIC FUNDS
PF INFLATION MANAGED FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CORPORATE BONDS & NOTES - 1.6% |
|
|||||||
Financial - 1.0% |
|
|||||||
Aviation Capital Group LLC |
$200,000 | $201,051 | ||||||
Avolon Holdings Funding Ltd (Ireland) |
100,000 | 106,214 | ||||||
Bank of America Corp |
10,000 | 11,426 | ||||||
|
|
|||||||
318,691 | ||||||||
|
|
|||||||
Industrial - 0.6% |
|
|||||||
Komatsu Finance America Inc |
200,000 | 203,758 | ||||||
|
|
|||||||
Total Corporate Bonds & Notes |
522,449 | |||||||
|
|
|||||||
MORTGAGE-BACKED SECURITIES - 3.8% |
|
|||||||
Collateralized Mortgage Obligations - Residential - 2.6% |
|
|||||||
Chevy Chase Funding LLC Mortgage-Backed
Certificates |
63,113 | 65,633 | ||||||
CHL Mortgage Pass-Through Trust |
8,497 | 8,999 | ||||||
Credit Suisse Mortgage Trust |
154,391 | 151,746 | ||||||
Fannie Mae REMICS |
13,398 | 13,487 | ||||||
0.466% (USD LIBOR + 0.380%) due 07/25/37 § |
18,644 | 18,831 | ||||||
0.526% (USD LIBOR + 0.440%) due 05/25/36 § |
9,695 | 9,793 | ||||||
0.531% (USD LIBOR + 0.445%) due 02/25/37 § |
3,108 | 3,141 | ||||||
Government National Mortgage Association 0.382% (USD LIBOR + 0.150%) |
62,769 | 62,120 | ||||||
GSR Mortgage Loan Trust |
5,539 | 5,711 | ||||||
Hawksmoor Mortgages (United Kingdom) |
GBP 188,218 | 254,825 | ||||||
JP Morgan Mortgage Trust |
$10,517 | 10,937 | ||||||
Merrill Lynch Mortgage Investors Trust |
23,870 | 24,548 | ||||||
Towd Point Mortgage Funding PLC (United Kingdom) |
GBP 151,011 | 205,256 | ||||||
WaMu Mortgage Pass-Through Certificates Trust 0.826% (USD LIBOR + 0.740%) |
$23,725 | 23,846 | ||||||
|
|
|||||||
858,873 | ||||||||
|
|
|||||||
Fannie Mae - 1.2% |
|
|||||||
due 12/01/51 # |
370,000 | 391,795 | ||||||
|
|
|||||||
Total Mortgage-Backed Securities |
1,250,668 | |||||||
|
|
|||||||
ASSET-BACKED SECURITIES - 1.7% |
|
|||||||
Asset Backed Funding Corp Trust |
21,723 | 21,668 | ||||||
Freddie Mac Structured Pass-Through Certificates |
580 | 575 |
Principal |
Value |
|||||||
Home Equity Asset Trust |
$14,312 | $14,258 | ||||||
LoanCore Issuer Ltd (Cayman) |
37,725 | 37,749 | ||||||
OZLM Ltd (Cayman) |
100,000 | 100,000 | ||||||
Saxon Asset Securities Trust |
16,726 | 16,533 | ||||||
THL Credit Wind River CLO Ltd (Cayman) |
100,000 | 100,002 | ||||||
TICP CLO Ltd (Cayman) |
289,648 | 289,880 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
580,665 | |||||||
|
|
|||||||
U.S. TREASURY OBLIGATIONS - 103.4% |
|
|||||||
U.S. Treasury Inflation Protected Securities - 103.4% |
|
|||||||
0.125% due 04/15/22 ^ |
853,153 | 865,109 | ||||||
0.125% due 07/15/22 ^ |
261,175 | 267,488 | ||||||
0.125% due 01/15/23 ^ |
722,654 | 747,188 | ||||||
0.125% due 07/15/26 ^ |
227,786 | 248,599 | ||||||
0.125% due 01/15/30 ^ |
1,920,591 | 2,111,625 | ||||||
0.375% due 07/15/25 ^ |
120,877 | 131,946 | ||||||
0.375% due 07/15/27 ^ |
1,852,626 | 2,062,021 | ||||||
0.500% due 04/15/24 ^ |
3,463,840 | 3,700,082 | ||||||
0.500% due 01/15/28 ^ |
1,804,035 | 2,020,912 | ||||||
0.625% due 04/15/23 ^ |
1,143,043 | 1,196,214 | ||||||
0.625% due 01/15/24 ^ |
1,422,756 | 1,518,308 | ||||||
0.625% due 01/15/26 ^ |
631,923 | 697,758 | ||||||
0.625% due 02/15/43 ^ |
379,978 | 453,367 | ||||||
0.750% due 07/15/28 ^ |
1,152,845 | 1,320,816 | ||||||
0.750% due 02/15/42 ^ |
120,819 | 147,362 | ||||||
0.750% due 02/15/45 ^ |
660,824 | 814,041 | ||||||
0.875% due 01/15/29 ^ |
1,675,845 | 1,937,572 | ||||||
0.875% due 02/15/47 ^ |
480,654 | 617,007 | ||||||
1.000% due 02/15/46 ^ |
594,525 | 775,357 | ||||||
1.000% due 02/15/49 ^ |
43,396 | 58,250 | ||||||
1.375% due 02/15/44 ^ |
1,909,366 | 2,625,557 | ||||||
2.000% due 01/15/26 ^ |
291,604 | 340,195 | ||||||
2.125% due 02/15/41 ^ |
373,992 | 563,798 | ||||||
3.375% due 04/15/32 ^ |
90,745 | 132,893 | ||||||
3.875% due 04/15/29 ^ |
58,123 | 81,125 | ||||||
0.125% due 07/15/24 ^ |
1,379,700 | 1,473,352 | ||||||
0.125% due 10/15/24 ^ |
1,915,326 | 2,049,578 | ||||||
0.125% due 04/15/25 ^ |
1,691,072 | 1,814,784 | ||||||
0.125% due 01/15/31 ^ |
1,122,152 | 1,232,662 | ||||||
0.125% due 07/15/31 ^ |
1,731,603 | 1,908,546 | ||||||
0.125% due 02/15/51 ^ |
209,718 | 230,362 | ||||||
0.250% due 01/15/25 ^ |
115,262 | 123,871 | ||||||
|
|
|||||||
|
|
|||||||
Total U.S. Treasury Obligations |
34,267,745 | |||||||
|
|
|||||||
FOREIGN GOVERNMENT BONDS & NOTES - 7.8% |
|
|||||||
Australia Government (Australia) |
||||||||
1.250% due 02/21/22 ^ ~ |
AUD 696,843 | 605,897 | ||||||
French Republic Government OAT (France) |
||||||||
0.100% due 03/01/26 ^ ~ |
EUR 101,931 | 130,625 | ||||||
0.250% due 07/25/24 ^ ~ |
108,647 | 136,365 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-48
PACIFIC FUNDS
PF INFLATION MANAGED FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Italy Buoni Poliennali Del Tesoro (Italy) |
||||||||
0.400% due 05/15/30 ^ ~ |
EUR 517,555 | $663,748 | ||||||
1.400% due 05/26/25 ^ ~ |
605,568 | 769,022 | ||||||
New Zealand Government (New Zealand) |
||||||||
2.000% due 09/20/25 ^ ~ |
NZD 110,000 | 93,905 | ||||||
United Kingdom Inflation-Linked Gilt (United Kingdom) |
||||||||
0.125% due 03/22/24 ^ ~ |
GBP 126,021 | 187,311 | ||||||
|
|
|||||||
|
|
|||||||
Total Foreign Government Bonds & Notes |
2,586,873 | |||||||
|
|
|||||||
Shares |
||||||||
SHORT-TERM INVESTMENT - 0.3% |
||||||||
Money Market Fund - 0.3% |
||||||||
BlackRock Liquidity Funds T-Fund Portfolio |
||||||||
Institutional 0.010% |
94,706 | 94,706 | ||||||
|
|
|||||||
|
|
|||||||
Total Short-Term Investment |
94,706 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 118.6% |
|
|||||||
(Cost $37,870,367) |
|
39,303,106 | ||||||
|
|
|||||||
DERIVATIVES - 0.1% |
|
27,380 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (18.7%) |
|
(6,180,391 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$33,150,095 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
U.S. Treasury Obligations |
103.4% | |||
Foreign Government Bonds & Notes |
7.8% | |||
Mortgage-Backed Securities |
3.8% | |||
Others (each less than 3.0%) |
3.6% | |||
|
|
|||
118.6% | ||||
Derivatives |
0.1% | |||
Other Assets & Liabilities, Net |
(18.7% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | The average amount of borrowings by the Fund on sale-buyback financing transactions during the six-month period ended September 30, 2021 was $6,239,913 at a weighted average interest rate of 0.041%. |
(c) | Open futures contracts outstanding as of September 30, 2021 were as follows: |
Long Futures Outstanding | Expiration Month |
Number of Contracts |
Notional Amount |
Value | Unrealized Appreciation (Depreciation) |
|||||||||||||||
Euro-Bund |
12/21 | 9 | $1,794,862 | $1,770,399 | ($24,463 | ) | ||||||||||||||
U.S. Treasury 5-Year Notes |
12/21 | 48 | 5,934,439 | 5,891,625 | (42,814 | ) | ||||||||||||||
U.S. Treasury 10-Year Notes |
12/21 | 1 | 132,666 | 131,609 | (1,057 | ) | ||||||||||||||
U.S. Treasury Long Bonds |
12/21 | 5 | 817,429 | 796,094 | (21,335 | ) | ||||||||||||||
|
|
|||||||||||||||||||
(89,669 | ) | |||||||||||||||||||
|
|
|||||||||||||||||||
Short Futures Outstanding |
||||||||||||||||||||
Australia 3-Year Bonds |
12/21 | 2 | 168,576 | 168,358 | 218 | |||||||||||||||
Euro-Bobl |
12/21 | 7 | 1,097,506 | 1,094,073 | 3,433 | |||||||||||||||
Euro-BTP |
12/21 | 4 | 711,952 | 704,045 | 7,907 | |||||||||||||||
Euro-Buxl |
12/21 | 3 | 726,003 | 706,616 | 19,387 | |||||||||||||||
Euro-Schatz |
12/21 | 42 | 5,462,813 | 5,458,852 | 3,961 | |||||||||||||||
Long Gilt |
12/21 | 2 | 343,463 | 337,254 | 6,209 | |||||||||||||||
U.S. Treasury 2-Year Notes |
12/21 | 17 | 3,743,115 | 3,740,930 | 2,185 | |||||||||||||||
U.S. Treasury Ultra 10-Year Notes |
12/21 | 13 | 1,925,180 | 1,888,250 | 36,930 | |||||||||||||||
U.S. Treasury Ultra Long Bonds |
12/21 | 6 | 1,194,266 | 1,146,375 | 47,891 | |||||||||||||||
|
|
|||||||||||||||||||
128,121 | ||||||||||||||||||||
|
|
|||||||||||||||||||
Total Futures Contracts |
$38,452 | |||||||||||||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-49
PACIFIC FUNDS
PF INFLATION MANAGED FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(d) | Forward foreign currency contracts outstanding as of September 30, 2021 were as follows: |
Currency Purchased |
Currency Sold |
Settlement Month |
Counterparty | Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||||||
AUD | 787,000 | USD | 569,801 | 10/21 | UBS | $ | ($828 | ) | ||||||||||||||||||||||||
EUR | 1,513,000 | USD | 1,753,491 | 10/21 | SCB | | (776 | ) | ||||||||||||||||||||||||
GBP | 29,000 | USD | 39,902 | 10/21 | BRC | | (827 | ) | ||||||||||||||||||||||||
GBP | 522,000 | USD | 702,911 | 10/21 | BRC | 435 | | |||||||||||||||||||||||||
NZD | 147,000 | USD | 100,995 | 10/21 | SCB | 484 | | |||||||||||||||||||||||||
USD | 570,796 | AUD | 787,000 | 10/21 | SCB | 1,822 | | |||||||||||||||||||||||||
USD | 569,871 | AUD | 787,000 | 11/21 | UBS | 829 | | |||||||||||||||||||||||||
USD | 140,528 | EUR | 120,000 | 10/21 | JPM | 1,516 | | |||||||||||||||||||||||||
USD | 1,604,060 | EUR | 1,358,000 | 10/21 | SCB | 30,903 | | |||||||||||||||||||||||||
USD | 41,406 | EUR | 35,000 | 10/21 | UBS | 860 | | |||||||||||||||||||||||||
USD | 1,754,438 | EUR | 1,513,000 | 11/21 | SCB | 765 | | |||||||||||||||||||||||||
USD | 190,649 | GBP | 138,000 | 10/21 | BRC | 4,707 | | |||||||||||||||||||||||||
USD | 539,774 | GBP | 394,000 | 10/21 | SCB | 8,896 | | |||||||||||||||||||||||||
USD | 16,584 | GBP | 12,000 | 10/21 | SGN | 415 | | |||||||||||||||||||||||||
USD | 9,662 | GBP | 7,000 | 10/21 | UBS | 230 | | |||||||||||||||||||||||||
USD | 702,941 | GBP | 522,000 | 11/21 | BRC | | (429 | ) | ||||||||||||||||||||||||
USD | 103,606 | NZD | 147,000 | 10/21 | JPM | 2,127 | | |||||||||||||||||||||||||
USD | 100,979 | NZD | 147,000 | 11/21 | SCB | | (483 | ) | ||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
Total Forward Foreign Currency Contracts |
$53,989 | ($3,343 | ) | |||||||||||||||||||||||||||||
|
|
(e) | Purchased options outstanding as of September 30, 2021 were as follows: |
Interest Rate Swaptions
Description | Pay/Receive Floating Rate |
Floating Rate Index | Exercise Rate |
Expiration Date |
Counter- party |
Notional Amount |
Cost | Value | ||||||||||||||||||||||
Put - 30-Year Interest Rate Swap |
Receive | 6-Month EUR-LIBOR | 0.190% | 11/02/22 | MSC | EUR 60,000 | $4,375 | $8,612 | ||||||||||||||||||||||
Put - 30-Year Interest Rate Swap |
Receive | 6-Month EUR-LIBOR | 0.197% | 11/04/22 | BRC | 200,000 | 14,957 | 28,416 | ||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
$19,332 | $37,028 | |||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
Total Purchased Options |
$19,332 | $37,028 | ||||||||||||||||||||||||||||
|
|
|
|
(f) | Premiums received and value of written options outstanding as of September 30, 2021 were as follows: |
Credit Default Swaptions on Credit Indices Sell Protection
Description | Exercise Rate |
Expiration Date |
Counter- party |
Notional Amount |
Premium | Value | ||||||||||||||||||||||||||
Put - CDX IG 36 5Y |
|
0.750% | 11/17/21 | MSC | $200,000 | $199 | ($65 | ) | ||||||||||||||||||||||||
Put - CDX IG 36 5Y |
|
0.750% | 12/15/21 | MSC | 100,000 | 100 | (61 | ) | ||||||||||||||||||||||||
Put - CDX IG 36 5Y |
|
0.800% | 12/15/21 | GSC | 200,000 | 208 | (105 | ) | ||||||||||||||||||||||||
Put - CDX IG 36 5Y |
|
0.800% | 12/15/21 | MSC | 100,000 | 94 | (53 | ) | ||||||||||||||||||||||||
Put - CDX IG 36 5Y |
|
0.725% | 01/19/22 | GSC | 100,000 | 100 | (104 | ) | ||||||||||||||||||||||||
Put - iTraxx Main 36 5Y |
|
0.750% | 01/19/22 | BRC | EUR 100,000 | 138 | (117 | ) | ||||||||||||||||||||||||
Put - CDX IG 37 5Y |
|
0.850% | 01/19/22 | BRC | $200,000 | 231 | (218 | ) | ||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||
$1,070 | ($723 | ) | ||||||||||||||||||||||||||||||
|
|
|
|
Inflation Floor/Cap Options
Description | Initial Index |
Floating Rate | Expiration Date |
Counter- party |
Notional Amount |
Premium | Value | |||||||||||||||||||||||
Cap - U.S. CPI Urban Consumers |
233.92 | Maximum of [0, Final Index/ Initial Index - (1 + 4.000%)10] |
|
04/22/24 | JPM | $1,900,000 | $13,822 | ($21 | ) | |||||||||||||||||||||
Cap - U.S. CPI Urban Consumers |
234.78 | Maximum of [0, Final Index/ Initial Index - (1 + 4.000%)10] |
|
05/16/24 | JPM | 200,000 | 1,390 | | ||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
$15,212 | ($21 | ) | ||||||||||||||||||||||||||||
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-50
PACIFIC FUNDS
PF INFLATION MANAGED FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Interest Rate Swaptions
Description | Pay/Receive Floating Rate |
Floating Rate Index | Exercise Rate |
Expiration Date |
Counter- party |
Notional Amount |
Premium | Value | ||||||||||||||||||||||||
Call - 1-Year Interest Rate Swap |
Receive | 3-Month EUR-LIBOR | (0.526% | ) | 11/17/22 | GSC | EUR 1,600,000 | $2,489 | ($437 | ) | ||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||
Put - 10-Year Interest Rate Swap |
Pay | 6-Month EUR-LIBOR | 0.000% | 11/02/22 | MSC | 200,000 | 4,851 | (9,123 | ) | |||||||||||||||||||||||
Put - 10-Year Interest Rate Swap |
Pay | 6-Month EUR-LIBOR | 0.000% | 11/04/22 | BRC | 600,000 | 14,726 | (27,484 | ) | |||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||
19,577 | (36,607 | ) | ||||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||
Total Interest Rate Swaptions |
|
$22,066 | ($37,044 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||
Total Written Options |
|
$38,348 | ($37,788 | ) | ||||||||||||||||||||||||||||
|
|
|
|
(g) | Swap agreements outstanding as of September 30, 2021 were as follows: |
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) |
||||||||||||||||||||||
2.180% | U.S. CPI Urban Consumers | Z / Z | LCH | 01/19/22 | $200,000 | ($6,937 | ) | ($2 | ) | ($6,935 | ) | |||||||||||||||||||
2.200% | U.S. CPI Urban Consumers | Z / Z | LCH | 01/21/22 | 200,000 | (6,913 | ) | | (6,913 | ) | ||||||||||||||||||||
2.170% | U.S. CPI Urban Consumers | Z / Z | LCH | 02/01/22 | 100,000 | (3,532 | ) | | (3,532 | ) | ||||||||||||||||||||
2.155% | U.S. CPI Urban Consumers | Z / Z | LCH | 02/04/22 | 200,000 | (7,082 | ) | | (7,082 | ) | ||||||||||||||||||||
2.200% | U.S. CPI Urban Consumers | Z / Z | LCH | 02/05/22 | 100,000 | (3,454 | ) | | (3,454 | ) | ||||||||||||||||||||
(0.526%) | 3-Month EUR-LIBOR | A / Q | LCH | 11/21/23 | EUR 800,000 | (1,324 | ) | | (1,324 | ) | ||||||||||||||||||||
3.850% | GBP Retail Price | Z / Z | LCH | 09/15/24 | GBP 200,000 | 969 | | 969 | ||||||||||||||||||||||
3.330% | GBP Retail Price | Z / Z | LCH | 01/15/25 | 400,000 | (18,090 | ) | 11,260 | (29,350 | ) | ||||||||||||||||||||
2.335% | U.S. CPI Urban Consumers | Z / Z | LCH | 02/05/28 | $190,000 | (7,504 | ) | 338 | (7,842 | ) | ||||||||||||||||||||
2.364% | U.S. CPI Urban Consumers | Z / Z | LCH | 05/10/28 | 50,000 | (1,741 | ) | | (1,741 | ) | ||||||||||||||||||||
2.379% | U.S. CPI Urban Consumers | Z / Z | LCH | 07/09/28 | 500,000 | (16,917 | ) | (288 | ) | (16,629 | ) | |||||||||||||||||||
3.593% | GBP Retail Price | Z / Z | LCH | 11/15/28 | GBP 45,000 | (1,160 | ) | | (1,160 | ) | ||||||||||||||||||||
2.165% | U.S. CPI Urban Consumers | Z / Z | LCH | 04/16/29 | $100,000 | (6,665 | ) | | (6,665 | ) | ||||||||||||||||||||
1.998% | U.S. CPI Urban Consumers | Z / Z | LCH | 07/25/29 | 100,000 | (8,172 | ) | | (8,172 | ) | ||||||||||||||||||||
1.760% | U.S. CPI Urban Consumers | Z / Z | LCH | 11/04/29 | 400,000 | (44,254 | ) | (708 | ) | (43,546 | ) | |||||||||||||||||||
3.400% | GBP Retail Price | Z / Z | LCH | 06/15/30 | GBP 200,000 | (8,574 | ) | 2,555 | (11,129 | ) | ||||||||||||||||||||
3.475% | GBP Retail Price | Z / Z | LCH | 08/15/30 | 200,000 | (21,978 | ) | 2,476 | (24,454 | ) | ||||||||||||||||||||
1.380% | Eurostat Eurozone HICP | Z / Z | LCH | 03/15/31 | EUR 200,000 | (15,926 | ) | (1,361 | ) | (14,565 | ) | |||||||||||||||||||
3.566% | GBP Retail Price | Z / Z | LCH | 03/15/36 | GBP 190,000 | (22,723 | ) | (907 | ) | (21,816 | ) | |||||||||||||||||||
3.580% | GBP Retail Price | Z / Z | LCH | 03/15/36 | 40,000 | (4,623 | ) | (413 | ) | (4,210 | ) | |||||||||||||||||||
1.387% | Eurostat Eurozone HICP | Z / Z | LCH | 08/15/49 | EUR 20,000 | (5,679 | ) | | (5,679 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
($212,279 | ) | $12,950 | ($225,229 | ) | ||||||||||||||||||||||||||
|
|
|
|
|
|
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) |
||||||||||||||||||||||
0.090% | Eurostat Eurozone HICP | Z / Z | LCH | 05/15/22 | EUR 200,000 | $9,753 | $ | $9,753 | ||||||||||||||||||||||
2.210% | U.S. CPI Urban Consumers | Z / Z | LCH | 02/05/23 | $120,000 | 3,594 | | 3,594 | ||||||||||||||||||||||
2.263% | U.S. CPI Urban Consumers | Z / Z | LCH | 04/27/23 | 60,000 | 1,550 | | 1,550 | ||||||||||||||||||||||
2.263% | U.S. CPI Urban Consumers | Z / Z | LCH | 05/09/23 | 120,000 | 3,198 | | 3,198 | ||||||||||||||||||||||
2.281% | U.S. CPI Urban Consumers | Z / Z | LCH | 05/10/23 | 180,000 | 4,309 | | 4,309 | ||||||||||||||||||||||
1.030% | France CPI Ex Tobacco | Z / Z | LCH | 03/15/24 | EUR 140,000 | 1,729 | (53 | ) | 1,782 | |||||||||||||||||||||
2.314% | U.S. CPI Urban Consumers | Z / Z | LCH | 02/26/26 | $200,000 | 9,922 | | 9,922 | ||||||||||||||||||||||
2.419% | U.S. CPI Urban Consumers | Z / Z | LCH | 03/05/26 | 100,000 | 4,409 | | 4,409 | ||||||||||||||||||||||
2.768% | U.S. CPI Urban Consumers | Z / Z | LCH | 05/13/26 | 100,000 | 2,238 | | 2,238 | ||||||||||||||||||||||
2.690% | U.S. CPI Urban Consumers | Z / Z | LCH | 06/01/26 | 100,000 | 2,487 | | 2,487 | ||||||||||||||||||||||
1.798% | U.S. CPI Urban Consumers | Z / Z | LCH | 08/25/27 | 500,000 | 51,244 | | 51,244 | ||||||||||||||||||||||
1.890% | U.S. CPI Urban Consumers | Z / Z | LCH | 08/27/27 | 500,000 | 47,701 | | 47,701 | ||||||||||||||||||||||
3.250% | 3-Month NZD-Bank Bills | S / Q | CME | 03/21/28 | NZD 100,000 | (5,291 | ) | 290 | (5,581 | ) | ||||||||||||||||||||
2.645% | U.S. CPI Urban Consumers | Z / Z | LCH | 09/10/28 | $100,000 | 400 | | 400 | ||||||||||||||||||||||
3.470% | GBP Retail Price | Z / Z | LCH | 01/15/31 | GBP 120,000 | 15,265 | | 15,265 | ||||||||||||||||||||||
2.311% | U.S. CPI Urban Consumers | Z / Z | LCH | 02/24/31 | $200,000 | 12,094 | 94 | 12,000 | ||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
$164,602 | $331 | $164,271 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
Total Interest Rate Swaps |
($47,677 | ) | $13,281 | ($60,958 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
Total Swap Agreements |
($47,677 | ) | $13,281 | ($60,958 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-51
PACIFIC FUNDS
PF INFLATION MANAGED FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Balances reported in the Statement of Assets and Liabilities for Centrally Cleared Swaps
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||
Centrally Cleared Swap Agreements (1) |
||||||||
Assets |
$17,013 | $170,821 | ||||||
Liabilities |
(3,732 | ) | (231,779 | ) | ||||
|
|
|
|
|||||
$13,281 | ($60,958 | ) | ||||||
|
|
|
|
(1) | Includes cumulative value on centrally cleared swaps, as reported in the Schedule of Investments. Only variation margin is reported within the Statement of Assets and Liabilities. |
(h) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Corporate Bonds & Notes |
$522,449 | $ | $522,449 | $ | |||||||||||||
Mortgage-Backed Securities |
1,250,668 | | 1,250,668 | | ||||||||||||||
Asset-Backed Securities |
580,665 | | 580,665 | | ||||||||||||||
U.S. Treasury Obligations |
34,267,745 | | 34,267,745 | | ||||||||||||||
Foreign Government Bonds & Notes |
2,586,873 | | 2,586,873 | | ||||||||||||||
Short-Term Investment |
94,706 | 94,706 | | | ||||||||||||||
Derivatives: |
||||||||||||||||||
Foreign Currency Contracts |
|
|||||||||||||||||
Forward Foreign Currency Contracts |
53,989 | | 53,989 | | ||||||||||||||
Interest Rate Contracts |
|
|||||||||||||||||
Futures |
128,121 | 128,121 | | | ||||||||||||||
Purchased Options |
37,028 | | 37,028 | | ||||||||||||||
Swaps |
170,821 | | 170,821 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Interest Rate Contracts |
335,970 | 128,121 | 207,849 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Assets - Derivatives |
389,959 | 128,121 | 261,838 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Assets |
39,693,065 | 222,827 | 39,470,238 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Liabilities |
Sale-buyback Financing Transactions |
(5,949,081 | ) | | (5,949,081 | ) | | |||||||||||
Derivatives: |
||||||||||||||||||
Credit Contracts |
||||||||||||||||||
Written Options |
(723 | ) | | (723 | ) | | ||||||||||||
Foreign Currency Contracts |
||||||||||||||||||
Forward Foreign Currency Contracts |
(3,343 | ) | | (3,343 | ) | | ||||||||||||
Interest Rate Contracts |
|
|||||||||||||||||
Futures |
(89,669 | ) | (89,669 | ) | | | ||||||||||||
Written Options |
(37,065 | ) | | (37,065 | ) | | ||||||||||||
Swaps |
(231,779 | ) | | (231,779 | ) | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Interest Rate Contracts |
(358,513 | ) | (89,669 | ) | (268,844 | ) | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities - Derivatives |
(362,579 | ) | (89,669 | ) | (272,910 | ) | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities |
(6,311,660 | ) | (89,669 | ) | (6,221,991 | ) | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$33,381,405 | $133,158 | $33,248,247 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-52
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CORPORATE BONDS & NOTES - 34.4% |
|
|||||||
Basic Materials - 0.9% |
|
|||||||
Anglo American Capital PLC (South Africa) |
||||||||
3.625% due 09/11/24 ~ |
$465,000 | $499,256 | ||||||
4.750% due 04/10/27 ~ |
400,000 | 455,538 | ||||||
ArcelorMittal SA (Luxembourg) |
80,000 | 112,997 | ||||||
Barrick Gold Corp (Canada) |
30,000 | 38,853 | ||||||
Barrick North America Finance LLC (Canada) |
90,000 | 121,690 | ||||||
DuPont de Nemours Inc |
55,000 | 70,943 | ||||||
Freeport-McMoRan Inc |
||||||||
4.625% due 08/01/30 |
20,000 | 21,650 | ||||||
5.450% due 03/15/43 |
190,000 | 234,175 | ||||||
Glencore Funding LLC (Australia) |
||||||||
2.500% due 09/01/30 ~ |
135,000 | 132,270 | ||||||
3.875% due 10/27/27 ~ |
10,000 | 10,928 | ||||||
4.000% due 03/27/27 ~ |
740,000 | 814,281 | ||||||
4.125% due 03/12/24 ~ |
150,000 | 160,736 | ||||||
International Flavors & Fragrances Inc |
||||||||
1.832% due 10/15/27 ~ |
200,000 | 200,420 | ||||||
3.468% due 12/01/50 ~ |
70,000 | 73,600 | ||||||
LYB International Finance III LLC |
||||||||
1.250% due 10/01/25 |
60,000 | 59,987 | ||||||
3.375% due 05/01/30 |
85,000 | 92,472 | ||||||
Nutrien Ltd (Canada) |
30,000 | 39,481 | ||||||
OCP SA (Morocco) |
||||||||
4.500% due 10/22/25 ~ |
200,000 | 215,291 | ||||||
5.125% due 06/23/51 ~ |
200,000 | 198,625 | ||||||
Orbia Advance Corp SAB de CV (Mexico) |
||||||||
1.875% due 05/11/26 ~ |
220,000 | 220,636 | ||||||
2.875% due 05/11/31 ~ |
210,000 | 211,575 | ||||||
Southern Copper Corp (Peru) |
260,000 | 362,245 | ||||||
Suzano Austria GmbH (Brazil) |
||||||||
3.125% due 01/15/32 |
50,000 | 48,350 | ||||||
3.750% due 01/15/31 |
340,000 | 349,690 | ||||||
Vale Overseas Ltd (Brazil) |
||||||||
3.750% due 07/08/30 |
95,000 | 98,534 | ||||||
6.875% due 11/21/36 |
48,000 | 64,020 | ||||||
Yamana Gold Inc (Canada) |
90,000 | 99,759 | ||||||
|
|
|||||||
5,008,002 | ||||||||
|
|
|||||||
Communications - 4.0% |
|
|||||||
Alphabet Inc |
||||||||
0.450% due 08/15/25 |
20,000 | 19,763 | ||||||
0.800% due 08/15/27 |
30,000 | 29,409 | ||||||
1.100% due 08/15/30 |
30,000 | 28,358 | ||||||
2.050% due 08/15/50 |
50,000 | 43,743 | ||||||
Altice France SA (France) |
200,000 | 207,770 | ||||||
Amazon.com Inc |
||||||||
0.800% due 06/03/25 |
60,000 | 59,925 | ||||||
1.200% due 06/03/27 |
70,000 | 69,813 | ||||||
1.500% due 06/03/30 |
30,000 | 29,194 | ||||||
2.100% due 05/12/31 |
40,000 | 40,545 | ||||||
2.500% due 06/03/50 |
580,000 | 544,116 | ||||||
3.875% due 08/22/37 |
70,000 | 82,720 | ||||||
4.250% due 08/22/57 |
10,000 | 12,722 | ||||||
4.950% due 12/05/44 |
60,000 | 80,977 | ||||||
America Movil SAB de CV (Mexico) |
200,000 | 208,184 | ||||||
AT&T Inc |
||||||||
1.650% due 02/01/28 |
230,000 | 228,318 | ||||||
2.300% due 06/01/27 |
910,000 | 942,544 |
Principal |
Value |
|||||||
2.550% due 12/01/33 |
$10,000 | $9,847 | ||||||
3.100% due 02/01/43 |
500,000 | 480,247 | ||||||
3.500% due 06/01/41 |
275,000 | 282,710 | ||||||
3.550% due 09/15/55 |
249,000 | 246,052 | ||||||
3.800% due 02/15/27 |
30,000 | 33,230 | ||||||
4.350% due 06/15/45 |
32,000 | 36,213 | ||||||
CCO Holdings LLC |
||||||||
4.500% due 08/15/30 ~ |
10,000 | 10,330 | ||||||
4.500% due 05/01/32 |
1,480,000 | 1,526,250 | ||||||
5.125% due 05/01/27 ~ |
130,000 | 135,533 | ||||||
Charter Communications Operating LLC |
||||||||
due 01/15/29 # |
300,000 | 299,889 | ||||||
due 03/01/42 # |
20,000 | 19,597 | ||||||
3.500% due 06/01/41 |
40,000 | 39,335 | ||||||
3.700% due 04/01/51 |
230,000 | 224,382 | ||||||
4.800% due 03/01/50 |
170,000 | 191,116 | ||||||
4.908% due 07/23/25 |
690,000 | 776,319 | ||||||
5.750% due 04/01/48 |
10,000 | 12,654 | ||||||
6.384% due 10/23/35 |
20,000 | 26,332 | ||||||
6.834% due 10/23/55 |
30,000 | 44,457 | ||||||
Comcast Corp |
||||||||
1.500% due 02/15/31 |
100,000 | 95,026 | ||||||
2.800% due 01/15/51 |
172,000 | 163,124 | ||||||
2.937% due 11/01/56 ~ |
27,000 | 25,553 | ||||||
3.150% due 03/01/26 |
30,000 | 32,434 | ||||||
3.250% due 11/01/39 |
185,000 | 195,517 | ||||||
3.300% due 04/01/27 |
20,000 | 21,911 | ||||||
3.375% due 08/15/25 |
20,000 | 21,676 | ||||||
3.400% due 04/01/30 |
30,000 | 33,057 | ||||||
3.450% due 02/01/50 |
110,000 | 116,804 | ||||||
3.750% due 04/01/40 |
100,000 | 112,475 | ||||||
3.950% due 10/15/25 |
220,000 | 244,156 | ||||||
3.999% due 11/01/49 |
51,000 | 59,146 | ||||||
4.000% due 03/01/48 |
10,000 | 11,456 | ||||||
4.250% due 10/15/30 |
730,000 | 850,727 | ||||||
5.650% due 06/15/35 |
20,000 | 26,762 | ||||||
Corning Inc |
60,000 | 80,921 | ||||||
Cox Communications Inc |
60,000 | 56,523 | ||||||
CSC Holdings LLC |
200,000 | 197,750 | ||||||
Discovery Communications LLC |
100,000 | 108,526 | ||||||
DISH DBS Corp |
||||||||
5.125% due 06/01/29 |
70,000 | 68,680 | ||||||
5.875% due 11/15/24 |
40,000 | 43,061 | ||||||
7.750% due 07/01/26 |
10,000 | 11,305 | ||||||
eBay Inc |
200,000 | 204,095 | ||||||
Expedia Group Inc |
800,000 | 868,891 | ||||||
Fox Corp |
150,000 | 191,747 | ||||||
Prosus NV (China) |
||||||||
3.061% due 07/13/31 ~ |
410,000 | 400,729 | ||||||
3.832% due 02/08/51 ~ |
460,000 | 419,510 | ||||||
Rogers Communications Inc (Canada) |
60,000 | 62,454 | ||||||
Sprint Capital Corp |
130,000 | 194,364 | ||||||
Sprint Spectrum Co LLC |
393,750 | 421,017 | ||||||
Telefonica Emisiones SA (Spain) |
150,000 | 187,478 | ||||||
Tencent Holdings Ltd (China) |
530,000 | 552,093 | ||||||
The Walt Disney Co |
||||||||
2.650% due 01/13/31 |
600,000 | 626,834 | ||||||
3.500% due 05/13/40 |
100,000 | 110,511 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-53
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Time Warner Cable LLC |
||||||||
5.875% due 11/15/40 |
$50,000 | $63,171 | ||||||
6.550% due 05/01/37 |
110,000 | 148,640 | ||||||
6.750% due 06/15/39 |
20,000 | 27,417 | ||||||
7.300% due 07/01/38 |
460,000 | 660,878 | ||||||
Time Warner Entertainment Co LP |
20,000 | 29,739 | ||||||
T-Mobile USA Inc |
||||||||
2.050% due 02/15/28 |
10,000 | 10,086 | ||||||
2.250% due 02/15/26 |
10,000 | 10,125 | ||||||
2.550% due 02/15/31 |
550,000 | 552,320 | ||||||
2.625% due 02/15/29 |
50,000 | 50,590 | ||||||
2.875% due 02/15/31 |
840,000 | 848,190 | ||||||
3.000% due 02/15/41 |
110,000 | 106,571 | ||||||
3.500% due 04/15/25 |
230,000 | 247,864 | ||||||
3.500% due 04/15/31 |
50,000 | 52,794 | ||||||
3.750% due 04/15/27 |
435,000 | 479,540 | ||||||
3.875% due 04/15/30 |
280,000 | 309,314 | ||||||
United Group BV (Netherlands) |
EUR 600,000 | 704,660 | ||||||
Verizon Communications Inc |
||||||||
1.750% due 01/20/31 |
$70,000 | 66,584 | ||||||
2.100% due 03/22/28 |
340,000 | 345,403 | ||||||
2.355% due 03/15/32 ~ |
155,000 | 153,378 | ||||||
2.550% due 03/21/31 |
510,000 | 516,608 | ||||||
2.625% due 08/15/26 |
20,000 | 21,169 | ||||||
2.650% due 11/20/40 |
966,000 | 908,885 | ||||||
2.875% due 11/20/50 |
420,000 | 392,097 | ||||||
3.150% due 03/22/30 |
305,000 | 326,353 | ||||||
3.850% due 11/01/42 |
345,000 | 379,842 | ||||||
4.000% due 03/22/50 |
30,000 | 34,137 | ||||||
4.125% due 08/15/46 |
30,000 | 34,476 | ||||||
4.329% due 09/21/28 |
5,000 | 5,753 | ||||||
4.400% due 11/01/34 |
90,000 | 106,693 | ||||||
4.500% due 08/10/33 |
520,000 | 619,698 | ||||||
4.862% due 08/21/46 |
20,000 | 25,502 | ||||||
5.500% due 03/16/47 |
30,000 | 41,649 | ||||||
ViacomCBS Inc |
||||||||
4.000% due 01/15/26 |
50,000 | 55,294 | ||||||
5.850% due 09/01/43 |
70,000 | 95,558 | ||||||
Vodafone Group PLC (United Kingdom) |
90,000 | 103,430 | ||||||
|
|
|||||||
22,373,315 | ||||||||
|
|
|||||||
Consumer, Cyclical - 3.7% |
|
|||||||
7-Eleven Inc |
||||||||
0.950% due 02/10/26 ~ |
60,000 | 58,952 | ||||||
2.500% due 02/10/41 ~ |
49,000 | 45,069 | ||||||
Alimentation Couche-Tard Inc (Canada) |
||||||||
2.950% due 01/25/30 ~ |
100,000 | 104,101 | ||||||
3.439% due 05/13/41 ~ |
85,000 | 87,502 | ||||||
3.625% due 05/13/51 ~ |
90,000 | 93,180 | ||||||
American Airlines Pass-Through Trust AA |
274,663 | 277,215 | ||||||
AutoZone Inc |
100,000 | 108,439 | ||||||
British Airways Pass-Through Trust AA |
406,843 | 424,226 | ||||||
Costco Wholesale Corp |
||||||||
1.375% due 06/20/27 |
60,000 | 60,447 | ||||||
1.600% due 04/20/30 |
40,000 | 39,117 | ||||||
Delta Air Lines Inc |
||||||||
2.900% due 10/28/24 |
80,000 | 81,944 | ||||||
3.625% due 03/15/22 |
40,000 | 40,357 | ||||||
3.800% due 04/19/23 |
10,000 | 10,413 | ||||||
4.500% due 10/20/25 ~ |
70,000 | 74,921 | ||||||
4.750% due 10/20/28 ~ |
660,000 | 736,308 | ||||||
7.000% due 05/01/25 ~ |
440,000 | 513,318 | ||||||
7.375% due 01/15/26 |
50,000 | 58,931 |
Principal |
Value |
|||||||
Delta Air Lines Pass-Through Trust B |
$98,828 | $102,754 | ||||||
Dollar General Corp |
100,000 | 117,334 | ||||||
Ford Motor Credit Co LLC |
||||||||
0.147% (EUR LIBOR + 0.370%) |
EUR 800,000 | 926,448 | ||||||
1.355% due 02/07/25 |
300,000 | 346,058 | ||||||
3.375% due 11/13/25 |
$1,600,000 | 1,646,000 | ||||||
4.000% due 11/13/30 |
200,000 | 208,250 | ||||||
4.125% due 08/17/27 |
200,000 | 212,350 | ||||||
General Motors Co |
||||||||
5.150% due 04/01/38 |
20,000 | 23,895 | ||||||
5.950% due 04/01/49 |
20,000 | 26,397 | ||||||
6.125% due 10/01/25 |
45,000 | 52,745 | ||||||
6.250% due 10/02/43 |
40,000 | 53,959 | ||||||
General Motors Financial Co Inc |
||||||||
1.250% due 01/08/26 |
164,000 | 161,992 | ||||||
2.700% due 06/10/31 |
65,000 | 64,850 | ||||||
2.750% due 06/20/25 |
920,000 | 962,245 | ||||||
4.250% due 05/15/23 |
30,000 | 31,704 | ||||||
4.350% due 01/17/27 |
60,000 | 67,306 | ||||||
Hanesbrands Inc |
40,000 | 41,925 | ||||||
Hasbro Inc |
50,000 | 55,256 | ||||||
Hilton Domestic Operating Co Inc |
||||||||
5.375% due 05/01/25 ~ |
20,000 | 20,925 | ||||||
5.750% due 05/01/28 ~ |
20,000 | 21,565 | ||||||
Hilton Worldwide Finance LLC |
130,000 | 134,553 | ||||||
Hyundai Capital America |
||||||||
1.150% due 11/10/22 ~ |
246,000 | 247,407 | ||||||
1.300% due 01/08/26 ~ |
40,000 | 39,376 | ||||||
1.800% due 01/10/28 ~ |
70,000 | 68,559 | ||||||
2.375% due 10/15/27 ~ |
300,000 | 304,257 | ||||||
2.650% due 02/10/25 ~ |
150,000 | 155,883 | ||||||
JetBlue Pass-Through Trust A |
290,184 | 316,650 | ||||||
JetBlue Pass-Through Trust B |
123,218 | 145,286 | ||||||
Kia Motors Corp (South Korea) |
200,000 | 213,779 | ||||||
Kohls Corp |
96,000 | 98,907 | ||||||
Las Vegas Sands Corp |
||||||||
2.900% due 06/25/25 |
690,000 | 694,093 | ||||||
3.200% due 08/08/24 |
350,000 | 359,462 | ||||||
Lennar Corp |
35,000 | 37,887 | ||||||
Lowes Cos Inc |
||||||||
1.700% due 09/15/28 |
80,000 | 79,359 | ||||||
2.625% due 04/01/31 |
200,000 | 205,153 | ||||||
4.500% due 04/15/30 |
20,000 | 23,457 | ||||||
McDonalds Corp |
||||||||
1.450% due 09/01/25 |
10,000 | 10,155 | ||||||
3.300% due 07/01/25 |
30,000 | 32,317 | ||||||
3.500% due 03/01/27 |
20,000 | 21,991 | ||||||
3.500% due 07/01/27 |
10,000 | 11,055 | ||||||
3.600% due 07/01/30 |
360,000 | 400,677 | ||||||
3.625% due 09/01/49 |
10,000 | 10,922 | ||||||
3.700% due 01/30/26 |
40,000 | 43,998 | ||||||
3.800% due 04/01/28 |
30,000 | 33,552 | ||||||
4.200% due 04/01/50 |
240,000 | 286,526 | ||||||
MDC Holdings Inc |
40,000 | 39,033 | ||||||
MGM Resorts International |
800,000 | 823,000 | ||||||
Mileage Plus Holdings LLC |
260,000 | 283,065 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-54
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
New Red Finance Inc (Canada) |
||||||||
3.500% due 02/15/29 ~ |
$30,000 | $29,737 | ||||||
3.875% due 01/15/28 ~ |
20,000 | 20,222 | ||||||
Newell Brands Inc |
||||||||
4.350% due 04/01/23 |
20,000 | 20,851 | ||||||
4.700% due 04/01/26 |
10,000 | 11,038 | ||||||
NIKE Inc |
||||||||
2.400% due 03/27/25 |
30,000 | 31,494 | ||||||
2.750% due 03/27/27 |
240,000 | 257,820 | ||||||
3.250% due 03/27/40 |
20,000 | 21,912 | ||||||
3.375% due 03/27/50 |
120,000 | 134,111 | ||||||
Nissan Motor Acceptance Co LLC |
||||||||
2.000% due 03/09/26 ~ |
300,000 | 300,840 | ||||||
2.750% due 03/09/28 ~ |
300,000 | 303,473 | ||||||
2.800% due 01/13/22 ~ |
182,000 | 183,173 | ||||||
Nissan Motor Co Ltd (Japan) |
||||||||
3.522% due 09/17/25 ~ |
1,300,000 | 1,382,847 | ||||||
4.345% due 09/17/27 ~ |
400,000 | 439,719 | ||||||
4.810% due 09/17/30 ~ |
400,000 | 450,130 | ||||||
Nordstrom Inc |
94,000 | 95,312 | ||||||
OReilly Automotive Inc |
100,000 | 112,168 | ||||||
Sands China Ltd (Macau) |
||||||||
2.300% due 03/08/27 ~ |
250,000 | 242,070 | ||||||
2.850% due 03/08/29 ~ |
200,000 | 192,726 | ||||||
5.125% due 08/08/25 |
310,000 | 334,183 | ||||||
Spirit Loyalty Cayman Ltd |
270,000 | 303,142 | ||||||
Starbucks Corp |
||||||||
2.550% due 11/15/30 |
900,000 | 925,199 | ||||||
3.350% due 03/12/50 |
40,000 | 41,669 | ||||||
Target Corp |
30,000 | 31,306 | ||||||
The Home Depot Inc |
||||||||
2.700% due 04/15/30 |
40,000 | 42,347 | ||||||
3.300% due 04/15/40 |
40,000 | 43,385 | ||||||
3.350% due 04/15/50 |
450,000 | 487,471 | ||||||
3.900% due 06/15/47 |
10,000 | 11,782 | ||||||
Tractor Supply Co |
100,000 | 96,076 | ||||||
United Airlines Inc |
||||||||
4.375% due 04/15/26 ~ |
10,000 | 10,275 | ||||||
4.625% due 04/15/29 ~ |
110,000 | 113,817 | ||||||
United Airlines Pass-Through Trust A |
||||||||
3.100% due 04/07/30 |
85,573 | 85,611 | ||||||
3.700% due 09/01/31 |
218,963 | 222,414 | ||||||
United Airlines Pass-Through Trust B |
||||||||
3.650% due 04/07/27 |
255,584 | 254,552 | ||||||
3.650% due 07/07/27 |
168,056 | 167,698 | ||||||
VOC Escrow Ltd |
140,000 | 138,326 | ||||||
Walmart Inc |
||||||||
1.500% due 09/22/28 |
60,000 | 59,763 | ||||||
1.800% due 09/22/31 |
30,000 | 29,758 | ||||||
Wynn Macau Ltd (Macau) |
200,000 | 190,687 | ||||||
|
|
|||||||
20,897,861 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 4.7% |
|
|||||||
Abbott Laboratories |
||||||||
3.750% due 11/30/26 |
38,000 | 42,650 | ||||||
4.750% due 11/30/36 |
70,000 | 89,149 | ||||||
4.900% due 11/30/46 |
160,000 | 216,912 | ||||||
AbbVie Inc |
||||||||
2.300% due 11/21/22 |
230,000 | 234,786 | ||||||
2.600% due 11/21/24 |
450,000 | 473,205 | ||||||
2.950% due 11/21/26 |
780,000 | 835,920 | ||||||
3.200% due 11/21/29 |
630,000 | 679,238 | ||||||
3.450% due 03/15/22 |
80,000 | 80,718 |
Principal |
Value |
|||||||
3.600% due 05/14/25 |
$70,000 | $75,757 | ||||||
3.750% due 11/14/23 |
10,000 | 10,657 | ||||||
3.800% due 03/15/25 |
90,000 | 97,759 | ||||||
4.050% due 11/21/39 |
100,000 | 115,037 | ||||||
4.250% due 11/21/49 |
315,000 | 373,597 | ||||||
Aetna Inc |
40,000 | 41,422 | ||||||
Altria Group Inc |
||||||||
2.450% due 02/04/32 |
220,000 | 210,959 | ||||||
3.400% due 02/04/41 |
350,000 | 331,934 | ||||||
3.875% due 09/16/46 |
20,000 | 19,510 | ||||||
4.400% due 02/14/26 |
701,000 | 787,621 | ||||||
4.800% due 02/14/29 |
6,000 | 6,901 | ||||||
5.800% due 02/14/39 |
40,000 | 49,244 | ||||||
5.950% due 02/14/49 |
100,000 | 126,832 | ||||||
6.200% due 02/14/59 |
12,000 | 15,571 | ||||||
Amgen Inc |
||||||||
2.770% due 09/01/53 |
43,000 | 39,858 | ||||||
3.625% due 05/22/24 |
30,000 | 32,157 | ||||||
4.663% due 06/15/51 |
11,000 | 13,897 | ||||||
Anheuser-Busch Cos LLC (Belgium) |
||||||||
3.650% due 02/01/26 |
390,000 | 427,973 | ||||||
4.900% due 02/01/46 |
90,000 | 110,798 | ||||||
Anheuser-Busch InBev Worldwide Inc (Belgium) |
||||||||
3.500% due 06/01/30 |
220,000 | 241,110 | ||||||
3.750% due 07/15/42 |
515,000 | 556,143 | ||||||
4.350% due 06/01/40 |
60,000 | 69,799 | ||||||
4.500% due 06/01/50 |
390,000 | 466,427 | ||||||
4.750% due 01/23/29 |
210,000 | 247,443 | ||||||
Anthem Inc |
||||||||
2.250% due 05/15/30 |
105,000 | 105,430 | ||||||
2.550% due 03/15/31 |
400,000 | 411,387 | ||||||
3.125% due 05/15/22 |
30,000 | 30,519 | ||||||
3.350% due 12/01/24 |
40,000 | 42,896 | ||||||
3.650% due 12/01/27 |
30,000 | 33,348 | ||||||
AstraZeneca PLC (United Kingdom) |
35,000 | 51,919 | ||||||
Baptist Healthcare System Obligated Group |
95,000 | 102,805 | ||||||
BAT Capital Corp (United Kingdom) |
||||||||
2.259% due 03/25/28 |
200,000 | 198,639 | ||||||
3.557% due 08/15/27 |
450,000 | 485,110 | ||||||
3.734% due 09/25/40 |
85,000 | 82,143 | ||||||
4.540% due 08/15/47 |
170,000 | 176,392 | ||||||
Bausch Health Cos Inc |
||||||||
5.000% due 02/15/29 ~ |
50,000 | 46,638 | ||||||
5.250% due 01/30/30 ~ |
430,000 | 401,629 | ||||||
6.250% due 02/15/29 ~ |
110,000 | 109,003 | ||||||
7.250% due 05/30/29 ~ |
50,000 | 51,311 | ||||||
Becton Dickinson and Co |
||||||||
3.363% due 06/06/24 |
50,000 | 53,180 | ||||||
3.700% due 06/06/27 |
200,000 | 221,614 | ||||||
3.734% due 12/15/24 |
14,000 | 15,135 | ||||||
3.794% due 05/20/50 |
40,000 | 44,750 | ||||||
4.669% due 06/06/47 |
50,000 | 62,510 | ||||||
4.685% due 12/15/44 |
32,000 | 39,931 | ||||||
Biogen Inc |
||||||||
2.250% due 05/01/30 |
65,000 | 64,699 | ||||||
3.150% due 05/01/50 |
70,000 | 66,854 | ||||||
Block Financial LLC |
800,000 | 870,586 | ||||||
Bon Secours Mercy Health Inc |
125,000 | 131,425 | ||||||
Boston Scientific Corp |
||||||||
2.650% due 06/01/30 |
900,000 | 929,467 | ||||||
4.550% due 03/01/39 |
60,000 | 73,134 | ||||||
Bristol-Myers Squibb Co |
||||||||
2.350% due 11/13/40 |
25,000 | 23,816 | ||||||
2.900% due 07/26/24 |
45,000 | 47,797 | ||||||
3.200% due 06/15/26 |
50,000 | 54,537 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-55
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
3.550% due 08/15/22 |
$90,000 | $92,572 | ||||||
3.875% due 08/15/25 |
33,000 | 36,403 | ||||||
5.000% due 08/15/45 |
364,000 | 489,855 | ||||||
Bunge Ltd Finance Corp |
95,000 | 96,330 | ||||||
Cargill Inc |
40,000 | 40,750 | ||||||
Centene Corp |
10,000 | 10,365 | ||||||
Cigna Corp |
||||||||
3.750% due 07/15/23 |
66,000 | 69,782 | ||||||
4.125% due 11/15/25 |
40,000 | 44,466 | ||||||
4.375% due 10/15/28 |
530,000 | 612,954 | ||||||
4.900% due 12/15/48 |
240,000 | 307,221 | ||||||
CommonSpirit Health |
185,000 | 190,714 | ||||||
Constellation Brands Inc |
30,000 | 31,708 | ||||||
CVS Health Corp |
||||||||
2.125% due 09/15/31 |
100,000 | 98,325 | ||||||
3.625% due 04/01/27 |
10,000 | 11,019 | ||||||
3.700% due 03/09/23 |
7,000 | 7,311 | ||||||
3.750% due 04/01/30 |
720,000 | 800,395 | ||||||
4.125% due 04/01/40 |
160,000 | 183,602 | ||||||
4.250% due 04/01/50 |
20,000 | 23,591 | ||||||
4.300% due 03/25/28 |
36,000 | 41,098 | ||||||
4.875% due 07/20/35 |
155,000 | 188,521 | ||||||
5.050% due 03/25/48 |
330,000 | 425,522 | ||||||
5.125% due 07/20/45 |
60,000 | 77,422 | ||||||
Danone SA (France) |
200,000 | 207,760 | ||||||
DP World PLC (United Arab Emirates) |
200,000 | 247,500 | ||||||
Gilead Sciences Inc |
||||||||
2.600% due 10/01/40 |
90,000 | 85,787 | ||||||
3.650% due 03/01/26 |
280,000 | 307,026 | ||||||
4.750% due 03/01/46 |
30,000 | 37,770 | ||||||
Global Payments Inc |
65,000 | 68,753 | ||||||
HCA Inc |
||||||||
3.500% due 09/01/30 |
80,000 | 84,831 | ||||||
4.500% due 02/15/27 |
40,000 | 45,054 | ||||||
5.250% due 06/15/26 |
440,000 | 505,153 | ||||||
5.375% due 02/01/25 |
20,000 | 22,375 | ||||||
5.875% due 02/01/29 |
30,000 | 36,088 | ||||||
Humana Inc |
||||||||
3.150% due 12/01/22 |
50,000 | 51,282 | ||||||
3.950% due 03/15/27 |
170,000 | 189,833 | ||||||
4.625% due 12/01/42 |
50,000 | 61,472 | ||||||
4.800% due 03/15/47 |
20,000 | 25,368 | ||||||
IHS Markit Ltd |
130,000 | 148,313 | ||||||
Johnson & Johnson |
||||||||
0.550% due 09/01/25 |
40,000 | 39,673 | ||||||
0.950% due 09/01/27 |
80,000 | 78,456 | ||||||
3.625% due 03/03/37 |
100,000 | 115,412 | ||||||
Keurig Dr Pepper Inc |
165,000 | 177,819 | ||||||
Kraft Heinz Foods Co |
||||||||
4.250% due 03/01/31 |
10,000 | 11,312 | ||||||
4.375% due 06/01/46 |
20,000 | 22,797 | ||||||
4.875% due 10/01/49 |
30,000 | 36,582 | ||||||
5.000% due 06/04/42 |
10,000 | 12,285 | ||||||
5.200% due 07/15/45 |
20,000 | 25,093 | ||||||
5.500% due 06/01/50 |
20,000 | 26,436 | ||||||
6.500% due 02/09/40 |
200,000 | 284,469 | ||||||
Lamb Weston Holdings Inc |
10,000 | 11,005 |
Principal |
Value |
|||||||
Mars Inc |
||||||||
2.700% due 04/01/25 ~ |
$40,000 | $42,262 | ||||||
3.200% due 04/01/30 ~ |
40,000 | 43,498 | ||||||
MedStar Health Inc |
90,000 | 99,425 | ||||||
Medtronic Inc |
36,000 | 39,082 | ||||||
Merck & Co Inc |
190,000 | 183,652 | ||||||
MidMichigan Health |
180,000 | 194,468 | ||||||
PayPal Holdings Inc |
||||||||
1.650% due 06/01/25 |
70,000 | 71,760 | ||||||
2.850% due 10/01/29 |
900,000 | 961,126 | ||||||
PeaceHealth Obligated Group |
115,000 | 119,286 | ||||||
PepsiCo Inc |
||||||||
2.250% due 03/19/25 |
10,000 | 10,438 | ||||||
2.625% due 03/19/27 |
120,000 | 128,124 | ||||||
2.875% due 10/15/49 |
20,000 | 20,402 | ||||||
3.625% due 03/19/50 |
50,000 | 57,675 | ||||||
3.875% due 03/19/60 |
10,000 | 12,179 | ||||||
Pfizer Inc |
60,000 | 63,392 | ||||||
Philip Morris International Inc |
||||||||
2.500% due 08/22/22 |
90,000 | 91,852 | ||||||
2.500% due 11/02/22 |
80,000 | 81,784 | ||||||
4.500% due 03/20/42 |
30,000 | 35,441 | ||||||
Piedmont Healthcare Inc |
55,000 | 53,558 | ||||||
Prime Security Services Borrower LLC |
50,000 | 54,151 | ||||||
Quanta Services Inc |
90,000 | 88,150 | ||||||
Regeneron Pharmaceuticals Inc |
600,000 | 571,323 | ||||||
Reynolds American Inc (United Kingdom) |
50,000 | 60,086 | ||||||
6.150% due 09/15/43 |
30,000 | 37,089 | ||||||
Royalty Pharma PLC |
60,000 | 59,060 | ||||||
Smithfield Foods Inc |
100,000 | 100,773 | ||||||
Sysco Corp |
190,000 | 193,069 | ||||||
Teva Pharmaceutical Finance Co BV (Israel) |
||||||||
2.950% due 12/18/22 |
760,000 | 766,650 | ||||||
3.650% due 11/10/21 |
50,000 | 50,210 | ||||||
Teva Pharmaceutical Finance Netherlands III BV (Israel) |
||||||||
2.800% due 07/21/23 |
140,000 | 139,341 | ||||||
3.150% due 10/01/26 |
260,000 | 249,275 | ||||||
4.100% due 10/01/46 |
30,000 | 25,917 | ||||||
The Coca-Cola Co |
||||||||
2.500% due 03/15/51 |
20,000 | 18,855 | ||||||
3.375% due 03/25/27 |
90,000 | 99,733 | ||||||
The Kroger Co |
75,000 | 85,260 | ||||||
The Procter & Gamble Co |
10,000 | 10,773 | ||||||
Thermo Fisher Scientific Inc |
85,000 | 83,229 | ||||||
Triton Container International Ltd (Bermuda) |
150,000 | 150,577 | ||||||
Tyson Foods Inc |
195,000 | 215,284 | ||||||
United Rentals North America Inc |
20,000 | 20,525 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-56
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
UnitedHealth Group Inc |
||||||||
2.000% due 05/15/30 |
$330,000 | $331,129 | ||||||
2.375% due 10/15/22 |
10,000 | 10,227 | ||||||
3.500% due 06/15/23 |
20,000 | 21,056 | ||||||
3.750% due 07/15/25 |
80,000 | 88,166 | ||||||
3.875% due 08/15/59 |
50,000 | 58,740 | ||||||
4.250% due 06/15/48 |
150,000 | 184,665 | ||||||
4.450% due 12/15/48 |
10,000 | 12,695 | ||||||
Universal Health Services Inc |
50,000 | 49,573 | ||||||
Utah Acquisition Sub Inc |
105,000 | 115,728 | ||||||
Viatris Inc |
60,000 | 64,454 | ||||||
West Virginia United Health System Obligated Group |
210,000 | 212,965 | ||||||
Zoetis Inc |
900,000 | 892,365 | ||||||
|
|
|||||||
26,425,715 | ||||||||
|
|
|||||||
Energy - 4.4% |
|
|||||||
Apache Corp |
||||||||
3.250% due 04/15/22 |
24,000 | 24,139 | ||||||
4.250% due 01/15/44 |
170,000 | 171,240 | ||||||
4.750% due 04/15/43 |
40,000 | 43,385 | ||||||
5.100% due 09/01/40 |
70,000 | 78,486 | ||||||
5.250% due 02/01/42 |
10,000 | 10,994 | ||||||
5.350% due 07/01/49 |
70,000 | 77,881 | ||||||
Boardwalk Pipelines LP |
||||||||
3.400% due 02/15/31 |
700,000 | 736,477 | ||||||
4.450% due 07/15/27 |
85,000 | 95,891 | ||||||
BP Capital Markets America Inc |
||||||||
2.772% due 11/10/50 |
100,000 | 92,405 | ||||||
2.939% due 06/04/51 |
55,000 | 52,095 | ||||||
3.000% due 02/24/50 |
300,000 | 289,017 | ||||||
3.633% due 04/06/30 |
590,000 | 658,171 | ||||||
3.790% due 02/06/24 |
10,000 | 10,709 | ||||||
BP Capital Markets PLC (United Kingdom) |
||||||||
3.506% due 03/17/25 |
130,000 | 140,805 | ||||||
3.535% due 11/04/24 |
40,000 | 43,279 | ||||||
Cameron LNG LLC |
||||||||
2.902% due 07/15/31 ~ |
10,000 | 10,609 | ||||||
3.302% due 01/15/35 ~ |
230,000 | 245,858 | ||||||
Cheniere Corpus Christi Holdings LLC |
200,000 | 231,360 | ||||||
Cheniere Energy Inc |
30,000 | 31,650 | ||||||
Cheniere Energy Partners LP |
||||||||
3.250% due 01/31/32 ~ |
150,000 | 150,683 | ||||||
4.000% due 03/01/31 ~ |
30,000 | 31,454 | ||||||
Chevron Corp |
250,000 | 259,141 | ||||||
Chevron USA Inc |
||||||||
3.850% due 01/15/28 |
70,000 | 79,099 | ||||||
5.250% due 11/15/43 |
80,000 | 107,982 | ||||||
Cimarex Energy Co |
||||||||
3.900% due 05/15/27 |
285,000 | 312,024 | ||||||
4.375% due 03/15/29 |
390,000 | 441,146 | ||||||
ConocoPhillips |
||||||||
3.750% due 10/01/27 ~ |
65,000 | 72,635 | ||||||
4.300% due 08/15/28 ~ |
180,000 | 207,396 | ||||||
6.500% due 02/01/39 |
10,000 | 14,599 | ||||||
Continental Resources Inc |
||||||||
3.800% due 06/01/24 |
40,000 | 42,082 | ||||||
4.375% due 01/15/28 |
40,000 | 44,300 | ||||||
4.500% due 04/15/23 |
50,000 | 51,875 | ||||||
4.900% due 06/01/44 |
20,000 | 22,425 | ||||||
5.750% due 01/15/31 ~ |
110,000 | 133,100 |
Principal |
Value |
|||||||
DCP Midstream Operating LP |
$20,000 | $24,889 | ||||||
Devon Energy Corp |
||||||||
4.500% due 01/15/30 ~ |
8,000 | 8,723 | ||||||
4.750% due 05/15/42 |
20,000 | 22,865 | ||||||
5.000% due 06/15/45 |
460,000 | 540,222 | ||||||
5.250% due 10/15/27 ~ |
6,000 | 6,378 | ||||||
5.875% due 06/15/28 ~ |
576,000 | 635,082 | ||||||
Diamondback Energy Inc |
||||||||
2.875% due 12/01/24 |
20,000 | 21,007 | ||||||
3.250% due 12/01/26 |
160,000 | 171,423 | ||||||
3.500% due 12/01/29 |
320,000 | 342,432 | ||||||
Ecopetrol SA (Colombia) |
220,000 | 222,536 | ||||||
Enable Midstream Partners LP |
230,000 | 244,307 | ||||||
Energy Transfer Operating LP |
||||||||
2.900% due 05/15/25 |
10,000 | 10,486 | ||||||
3.750% due 05/15/30 |
190,000 | 205,421 | ||||||
3.900% due 07/15/26 |
305,000 | 333,225 | ||||||
4.950% due 06/15/28 |
50,000 | 57,404 | ||||||
5.250% due 04/15/29 |
270,000 | 316,703 | ||||||
6.250% due 04/15/49 |
280,000 | 368,502 | ||||||
6.750% due 05/15/25 |
50,000 | 51,250 | ||||||
Enterprise Products Operating LLC |
||||||||
2.800% due 01/31/30 |
210,000 | 219,557 | ||||||
3.700% due 01/31/51 |
240,000 | 254,399 | ||||||
3.950% due 01/31/60 |
30,000 | 32,566 | ||||||
4.150% due 10/16/28 |
100,000 | 113,846 | ||||||
4.200% due 01/31/50 |
130,000 | 146,738 | ||||||
4.800% due 02/01/49 |
10,000 | 12,265 | ||||||
4.850% due 03/15/44 |
10,000 | 12,047 | ||||||
7.550% due 04/15/38 |
220,000 | 337,124 | ||||||
EOG Resources Inc |
||||||||
3.900% due 04/01/35 |
30,000 | 34,036 | ||||||
4.150% due 01/15/26 |
70,000 | 78,144 | ||||||
4.375% due 04/15/30 |
70,000 | 81,764 | ||||||
4.950% due 04/15/50 |
110,000 | 145,815 | ||||||
EQT Corp |
||||||||
3.000% due 10/01/22 |
470,000 | 478,859 | ||||||
3.625% due 05/15/31 ~ |
80,000 | 83,460 | ||||||
3.900% due 10/01/27 |
670,000 | 726,022 | ||||||
5.000% due 01/15/29 |
40,000 | 45,088 | ||||||
Exxon Mobil Corp |
||||||||
1.571% due 04/15/23 |
10,000 | 10,196 | ||||||
2.992% due 03/19/25 |
160,000 | 170,744 | ||||||
2.995% due 08/16/39 |
180,000 | 186,298 | ||||||
3.043% due 03/01/26 |
140,000 | 151,172 | ||||||
3.482% due 03/19/30 |
470,000 | 523,117 | ||||||
4.114% due 03/01/46 |
50,000 | 58,376 | ||||||
4.327% due 03/19/50 |
110,000 | 134,902 | ||||||
Flex Intermediate Holdco LLC |
||||||||
3.363% due 06/30/31 ~ |
45,000 | 45,683 | ||||||
4.317% due 12/30/39 ~ |
35,000 | 36,241 | ||||||
Gray Oak Pipeline LLC |
||||||||
2.600% due 10/15/25 ~ |
300,000 | 307,699 | ||||||
3.450% due 10/15/27 ~ |
125,000 | 131,901 | ||||||
HollyFrontier Corp |
||||||||
2.625% due 10/01/23 |
35,000 | 36,153 | ||||||
5.875% due 04/01/26 |
63,000 | 72,353 | ||||||
KazMunayGas National Co JSC (Kazakhstan) |
400,000 | 472,968 | ||||||
Kinder Morgan Energy Partners LP |
10,000 | 12,464 | ||||||
Kinder Morgan Inc |
||||||||
4.300% due 06/01/25 |
50,000 | 55,244 | ||||||
4.300% due 03/01/28 |
170,000 | 192,825 | ||||||
5.050% due 02/15/46 |
30,000 | 36,342 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-57
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
5.200% due 03/01/48 |
$150,000 | $187,574 | ||||||
5.550% due 06/01/45 |
30,000 | 38,276 | ||||||
Lundin Energy Finance BV (Netherlands) |
200,000 | 202,962 | ||||||
MEG Energy Corp (Canada) |
10,000 | 10,242 | ||||||
Midwest Connector Capital Co LLC |
500,000 | 523,111 | ||||||
MPLX LP |
||||||||
4.500% due 04/15/38 |
585,000 | 653,884 | ||||||
4.700% due 04/15/48 |
60,000 | 69,405 | ||||||
4.800% due 02/15/29 |
290,000 | 335,820 | ||||||
NGPL PipeCo LLC |
50,000 | 51,268 | ||||||
Occidental Petroleum Corp |
||||||||
3.000% due 02/15/27 |
30,000 | 30,031 | ||||||
3.200% due 08/15/26 |
60,000 | 61,332 | ||||||
4.100% due 02/15/47 |
160,000 | 152,428 | ||||||
4.200% due 03/15/48 |
10,000 | 9,593 | ||||||
4.400% due 04/15/46 |
20,000 | 19,972 | ||||||
4.625% due 06/15/45 |
50,000 | 51,214 | ||||||
5.550% due 03/15/26 |
90,000 | 100,017 | ||||||
6.450% due 09/15/36 |
310,000 | 390,406 | ||||||
Petrobras Global Finance BV (Brazil) |
||||||||
5.299% due 01/27/25 |
1,155,000 | 1,292,041 | ||||||
5.500% due 06/10/51 |
160,000 | 149,160 | ||||||
6.900% due 03/19/49 |
230,000 | 256,513 | ||||||
Petroleos Mexicanos (Mexico) |
220,000 | 239,547 | ||||||
Phillips 66 Partners LP |
100,000 | 107,890 | ||||||
Pioneer Natural Resources Co |
||||||||
1.125% due 01/15/26 |
20,000 | 19,753 | ||||||
1.900% due 08/15/30 |
135,000 | 129,274 | ||||||
2.150% due 01/15/31 |
70,000 | 68,121 | ||||||
Plains All American Pipeline LP |
300,000 | 332,612 | ||||||
Qatar Petroleum (Qatar) |
||||||||
2.250% due 07/12/31 ~ |
280,000 | 277,696 | ||||||
3.125% due 07/12/41 ~ |
200,000 | 200,286 | ||||||
3.300% due 07/12/51 ~ |
200,000 | 202,404 | ||||||
Range Resources Corp |
||||||||
4.875% due 05/15/25 |
10,000 | 10,570 | ||||||
5.000% due 03/15/23 |
113,000 | 117,379 | ||||||
Sabine Pass Liquefaction LLC |
200,000 | 227,071 | ||||||
Schlumberger Holdings Corp |
70,000 | 77,176 | ||||||
Shell International Finance BV (Netherlands) |
||||||||
2.750% due 04/06/30 |
20,000 | 21,246 | ||||||
2.875% due 05/10/26 |
50,000 | 53,913 | ||||||
3.125% due 11/07/49 |
50,000 | 51,811 | ||||||
3.250% due 04/06/50 |
450,000 | 479,309 | ||||||
4.375% due 05/11/45 |
280,000 | 344,146 | ||||||
4.550% due 08/12/43 |
50,000 | 62,736 | ||||||
Sinopec Group Overseas Development Ltd (China) |
290,000 | 314,710 | ||||||
Southwestern Energy Co |
20,000 | 21,610 | ||||||
Targa Resources Partners LP |
||||||||
4.000% due 01/15/32 ~ |
10,000 | 10,347 | ||||||
4.875% due 02/01/31 |
40,000 | 43,200 | ||||||
5.000% due 01/15/28 |
30,000 | 31,537 | ||||||
5.375% due 02/01/27 |
20,000 | 20,749 | ||||||
5.500% due 03/01/30 |
20,000 | 21,894 | ||||||
5.875% due 04/15/26 |
20,000 | 20,912 | ||||||
6.500% due 07/15/27 |
10,000 | 10,795 | ||||||
6.875% due 01/15/29 |
10,000 | 11,217 | ||||||
Tennessee Gas Pipeline Co LLC |
250,000 | 258,706 |
Principal |
Value |
|||||||
The Williams Cos Inc |
||||||||
3.750% due 06/15/27 |
$90,000 | $99,167 | ||||||
7.500% due 01/15/31 |
190,000 | 264,892 | ||||||
TransCanada PipeLines Ltd (Canada) |
100,000 | 113,499 | ||||||
Transcontinental Gas Pipe Line Co LLC |
250,000 | 311,842 | ||||||
Western Midstream Operating LP |
||||||||
2.222% (USD LIBOR + 2.100%) |
20,000 | 20,004 | ||||||
4.350% due 02/01/25 |
30,000 | 31,694 | ||||||
4.500% due 03/01/28 |
30,000 | 32,234 | ||||||
4.650% due 07/01/26 |
100,000 | 108,359 | ||||||
5.300% due 02/01/30 |
60,000 | 66,375 | ||||||
5.300% due 03/01/48 |
897,000 | 1,035,537 | ||||||
5.500% due 08/15/48 |
60,000 | 70,314 | ||||||
6.500% due 02/01/50 |
50,000 | 58,930 | ||||||
|
|
|||||||
24,620,368 | ||||||||
|
|
|||||||
Financial - 12.3% |
|
|||||||
ABN AMRO Bank NV (Netherlands) |
200,000 | 198,957 | ||||||
AerCap Ireland Capital DAC (Ireland) |
||||||||
1.750% due 01/30/26 |
150,000 | 148,540 | ||||||
4.450% due 10/01/25 |
150,000 | 164,047 | ||||||
AIB Group PLC (Ireland) |
200,000 | 214,499 | ||||||
Air Lease Corp |
80,000 | 79,763 | ||||||
3.000% due 09/15/23 |
555,000 | 576,998 | ||||||
3.375% due 07/01/25 |
30,000 | 31,874 | ||||||
Alexandria Real Estate Equities Inc REIT |
200,000 | 217,837 | ||||||
American Homes 4 Rent LP REIT |
100,000 | 113,312 | ||||||
American International Group Inc |
||||||||
3.750% due 07/10/25 |
540,000 | 588,078 | ||||||
4.375% due 06/30/50 |
140,000 | 172,615 | ||||||
American Tower Corp REIT |
||||||||
1.500% due 01/31/28 |
135,000 | 130,877 | ||||||
2.950% due 01/15/51 |
41,000 | 38,750 | ||||||
3.100% due 06/15/50 |
64,000 | 62,765 | ||||||
Athene Global Funding |
215,000 | 223,588 | ||||||
Atrium European Real Estate Ltd (Poland) |
EUR 800,000 | 975,965 | ||||||
Australia & New Zealand Banking Group Ltd (Australia) |
$205,000 | 229,680 | ||||||
Avolon Holdings Funding Ltd (Ireland) |
||||||||
2.125% due 02/21/26 ~ |
45,000 | 44,561 | ||||||
2.528% due 11/18/27 ~ |
1,273,000 | 1,253,056 | ||||||
4.250% due 04/15/26 ~ |
65,000 | 69,943 | ||||||
Banco Santander SA (Spain) |
||||||||
2.749% due 12/03/30 |
200,000 | 199,156 | ||||||
3.848% due 04/12/23 |
200,000 | 210,082 | ||||||
Bank of America Corp |
||||||||
2.592% due 04/29/31 |
1,660,000 | 1,695,223 | ||||||
2.676% due 06/19/41 |
515,000 | 497,711 | ||||||
3.004% due 12/20/23 |
155,000 | 159,774 | ||||||
3.419% due 12/20/28 |
203,000 | 220,164 | ||||||
3.500% due 04/19/26 |
110,000 | 120,184 | ||||||
3.550% due 03/05/24 |
90,000 | 93,843 | ||||||
3.593% due 07/21/28 |
100,000 | 109,701 | ||||||
3.705% due 04/24/28 |
265,000 | 291,412 | ||||||
3.974% due 02/07/30 |
240,000 | 268,908 | ||||||
4.000% due 01/22/25 |
675,000 | 733,792 | ||||||
4.083% due 03/20/51 |
130,000 | 154,016 | ||||||
4.200% due 08/26/24 |
350,000 | 382,981 | ||||||
4.250% due 10/22/26 |
1,590,000 | 1,791,023 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-58
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
4.330% due 03/15/50 |
$20,000 | $24,551 | ||||||
4.450% due 03/03/26 |
90,000 | 100,826 | ||||||
Bank of Montreal (Canada) |
||||||||
1.850% due 05/01/25 |
100,000 | 102,938 | ||||||
3.803% due 12/15/32 |
60,000 | 65,786 | ||||||
Barclays PLC (United Kingdom) |
||||||||
3.650% due 03/16/25 |
200,000 | 215,169 | ||||||
4.972% due 05/16/29 |
200,000 | 232,677 | ||||||
5.088% due 06/20/30 |
500,000 | 577,343 | ||||||
7.250% due 03/15/23 ~ |
GBP 200,000 | 287,503 | ||||||
7.750% due 09/15/23 |
$300,000 | 327,750 | ||||||
7.875% due 03/15/22 ~ |
400,000 | 409,992 | ||||||
Berkshire Hathaway Finance Corp |
120,000 | 146,460 | ||||||
BNP Paribas SA (France) |
||||||||
1.904% due 09/30/28 ~ |
900,000 | 896,382 | ||||||
2.159% due 09/15/29 ~ |
200,000 | 198,260 | ||||||
2.219% due 06/09/26 ~ |
200,000 | 205,356 | ||||||
2.824% due 01/26/41 ~ |
350,000 | 332,615 | ||||||
4.375% due 03/01/33 ~ |
250,000 | 274,273 | ||||||
4.705% due 01/10/25 ~ |
230,000 | 249,071 | ||||||
5.198% due 01/10/30 ~ |
200,000 | 238,330 | ||||||
Boston Properties LP REIT |
500,000 | 576,157 | ||||||
BPCE SA (France) |
295,000 | 295,473 | ||||||
Brixmor Operating Partnership LP REIT |
||||||||
2.250% due 04/01/28 |
70,000 | 70,656 | ||||||
2.500% due 08/16/31 |
25,000 | 24,661 | ||||||
Brookfield Finance Inc (Canada) |
115,000 | 120,331 | ||||||
Brown & Brown Inc |
120,000 | 119,721 | ||||||
Capital One Financial Corp |
100,000 | 111,188 | ||||||
Carlyle Finance LLC |
150,000 | 206,521 | ||||||
Citigroup Inc |
||||||||
2.572% due 06/03/31 |
700,000 | 713,933 | ||||||
3.875% due 03/26/25 |
605,000 | 657,369 | ||||||
3.878% due 01/24/39 |
165,000 | 188,761 | ||||||
4.075% due 04/23/29 |
150,000 | 168,215 | ||||||
4.400% due 06/10/25 |
170,000 | 188,117 | ||||||
4.412% due 03/31/31 |
975,000 | 1,126,310 | ||||||
5.300% due 05/06/44 |
52,000 | 69,301 | ||||||
5.500% due 09/13/25 |
1,110,000 | 1,281,552 | ||||||
5.950% due 01/30/23 |
300,000 | 312,938 | ||||||
5.950% due 05/15/25 |
90,000 | 98,437 | ||||||
6.675% due 09/13/43 |
70,000 | 106,829 | ||||||
8.125% due 07/15/39 |
220,000 | 376,394 | ||||||
Cooperatieve Rabobank UA (Netherlands) |
||||||||
4.375% due 08/04/25 |
920,000 | 1,020,403 | ||||||
4.625% due 12/01/23 |
290,000 | 314,330 | ||||||
Corporate Office Properties LP REIT |
109,000 | 110,235 | ||||||
CPI Property Group SA (Czech Republic) |
800,000 | 846,040 | ||||||
Credit Suisse AG (Switzerland) |
250,000 | 265,104 | ||||||
Credit Suisse Group AG (Switzerland) |
||||||||
2.193% due 06/05/26 ~ |
250,000 | 254,796 | ||||||
3.091% due 05/14/32 ~ |
250,000 | 255,821 | ||||||
3.869% due 01/12/29 ~ |
300,000 | 327,662 | ||||||
4.194% due 04/01/31 ~ |
670,000 | 750,829 | ||||||
4.282% due 01/09/28 ~ |
250,000 | 278,040 | ||||||
Crown Castle International Corp REIT |
100,000 | 105,172 | ||||||
CyrusOne LP REIT |
EUR 100,000 | 116,620 |
Principal |
Value |
|||||||
Danske Bank AS (Denmark) |
||||||||
5.000% due 01/12/22 ~ |
$200,000 | $202,413 | ||||||
5.375% due 01/12/24 ~ |
950,000 | 1,042,833 | ||||||
Deutsche Bank AG (Germany) |
||||||||
1.354% (USD LIBOR + 1.230%) |
300,000 | 303,412 | ||||||
2.129% due 11/24/26 |
215,000 | 218,490 | ||||||
2.625% due 12/16/24 ~ |
GBP 200,000 | 279,317 | ||||||
3.035% due 05/28/32 |
$300,000 | 304,637 | ||||||
Digital Realty Trust LP REIT |
500,000 | 547,372 | ||||||
Diversified Healthcare Trust REIT |
600,000 | 657,000 | ||||||
Empower Finance LP (Canada) |
115,000 | 117,563 | ||||||
EPR Properties REIT |
400,000 | 421,107 | ||||||
Equinix Inc REIT |
||||||||
2.000% due 05/15/28 |
109,000 | 108,811 | ||||||
2.900% due 11/18/26 |
150,000 | 159,186 | ||||||
F&G Global Funding |
45,000 | 45,305 | ||||||
GE Capital Funding LLC |
||||||||
3.450% due 05/15/25 |
300,000 | 323,683 | ||||||
4.400% due 05/15/30 |
200,000 | 231,859 | ||||||
GE Capital International Funding Co Unlimited Co |
250,000 | 300,267 | ||||||
Goodman US Finance Three LLC REIT (Australia) |
200,000 | 216,739 | ||||||
Healthcare Trust of America Holdings LP REIT |
200,000 | 191,908 | ||||||
Host Hotels & Resorts LP REIT |
200,000 | 214,534 | ||||||
HSBC Holdings PLC (United Kingdom) |
||||||||
4.041% due 03/13/28 |
300,000 | 332,137 | ||||||
4.950% due 03/31/30 |
600,000 | 713,913 | ||||||
Hudson Pacific Properties LP REIT |
800,000 | 919,005 | ||||||
ING Groep NV (Netherlands) |
700,000 | 794,717 | ||||||
International Lease Finance Corp |
150,000 | 156,912 | ||||||
Intesa Sanpaolo SPA (Italy) |
||||||||
3.375% due 01/12/23 ~ |
220,000 | 227,603 | ||||||
5.017% due 06/26/24 ~ |
370,000 | 399,605 | ||||||
JPMorgan Chase & Co |
||||||||
2.083% due 04/22/26 |
1,270,000 | 1,306,749 | ||||||
2.522% due 04/22/31 |
670,000 | 683,924 | ||||||
3.109% due 04/22/51 |
350,000 | 356,143 | ||||||
3.509% due 01/23/29 |
150,000 | 163,287 | ||||||
4.203% due 07/23/29 |
170,000 | 193,498 | ||||||
4.452% due 12/05/29 |
70,000 | 80,675 | ||||||
4.950% due 06/01/45 |
50,000 | 65,434 | ||||||
KKR Group Finance Co II LLC |
30,000 | 39,876 | ||||||
Life Storage LP REIT |
75,000 | 74,335 | ||||||
Lloyds Banking Group PLC (United Kingdom) |
||||||||
1.412% (AUD Bank Bill + 1.400%) |
AUD 800,000 | 591,857 | ||||||
4.375% due 03/22/28 |
$600,000 | 682,939 | ||||||
Macquarie Group Ltd (Australia) |
185,000 | 183,466 | ||||||
Mastercard Inc |
110,000 | 130,999 | ||||||
Mid-America Apartments LP REIT |
205,000 | 226,326 | ||||||
Mizuho Financial Group Inc (Japan) |
300,000 | 314,112 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-59
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Morgan Stanley |
||||||||
2.188% due 04/28/26 |
$430,000 | $444,142 | ||||||
2.699% due 01/22/31 |
80,000 | 82,536 | ||||||
3.622% due 04/01/31 |
880,000 | 970,403 | ||||||
3.737% due 04/24/24 |
100,000 | 104,954 | ||||||
3.772% due 01/24/29 |
10,000 | 11,073 | ||||||
4.431% due 01/23/30 |
10,000 | 11,554 | ||||||
4.457% due 04/22/39 |
150,000 | 181,589 | ||||||
5.000% due 11/24/25 |
840,000 | 960,728 | ||||||
MPT Operating Partnership LP REIT |
GBP 700,000 | 968,927 | ||||||
National Retail Properties Inc REIT |
$200,000 | 217,257 | ||||||
NatWest Group PLC (United Kingdom) |
200,000 | 228,996 | ||||||
NatWest Markets PLC (United Kingdom) |
200,000 | 199,977 | ||||||
New York Life Global Funding |
40,000 | 39,910 | ||||||
New York Life Insurance Co |
150,000 | 168,298 | ||||||
Nordea Bank Abp (Finland) |
200,000 | 202,231 | ||||||
Northwestern Mutual Global Funding |
50,000 | 50,217 | ||||||
Office Properties Income Trust REIT |
90,000 | 88,998 | ||||||
4.500% due 02/01/25 |
50,000 | 53,618 | ||||||
Omega Healthcare Investors Inc REIT |
900,000 | 917,049 | ||||||
Park Aerospace Holdings Ltd (Ireland) |
4,000 | 4,144 | ||||||
Principal Life Global Funding II |
20,000 | 20,044 | ||||||
Royal Bank of Canada (Canada) |
||||||||
1.150% due 06/10/25 |
130,000 | 130,300 | ||||||
1.600% due 04/17/23 |
90,000 | 91,761 | ||||||
Sabra Health Care LP REIT |
50,000 | 49,031 | ||||||
Santander Holdings USA Inc |
||||||||
3.450% due 06/02/25 |
700,000 | 749,812 | ||||||
4.500% due 07/17/25 |
330,000 | 363,724 | ||||||
Scentre Group Trust 1 REIT (Australia) |
220,000 | 238,724 | ||||||
Skandinaviska Enskilda Banken AB (Sweden) |
400,000 | 409,010 | ||||||
Societe Generale SA (France) |
||||||||
1.488% due 12/14/26 ~ |
300,000 | 296,776 | ||||||
1.792% due 06/09/27 ~ |
300,000 | 298,503 | ||||||
4.250% due 04/14/25 ~ |
200,000 | 216,130 | ||||||
Spirit Realty LP REIT |
800,000 | 850,975 | ||||||
Standard Chartered PLC (United Kingdom) |
500,000 | 492,513 | ||||||
Teachers Insurance & Annuity Association of America |
||||||||
3.300% due 05/15/50 ~ |
50,000 | 52,648 | ||||||
4.900% due 09/15/44 ~ |
40,000 | 52,125 | ||||||
6.850% due 12/16/39 ~ |
18,000 | 27,220 | ||||||
The Bank of New York Mellon Corp |
30,000 | 30,678 | ||||||
The Goldman Sachs Group Inc |
||||||||
2.383% due 07/21/32 |
80,000 | 79,259 | ||||||
3.200% due 02/23/23 |
60,000 | 62,177 | ||||||
3.850% due 07/08/24 |
160,000 | 172,300 | ||||||
4.017% due 10/31/38 |
120,000 | 138,044 | ||||||
4.223% due 05/01/29 |
470,000 | 531,496 | ||||||
4.250% due 10/21/25 |
1,845,000 | 2,044,190 | ||||||
5.150% due 05/22/45 |
420,000 | 551,435 | ||||||
6.250% due 02/01/41 |
290,000 | 423,088 |
Principal |
Value |
|||||||
The Norinchukin Bank (Japan) |
$300,000 | $297,229 | ||||||
The Toronto-Dominion Bank (Canada) |
620,000 | 621,625 | ||||||
UBS Group AG (Switzerland) |
||||||||
1.494% due 08/10/27 ~ |
200,000 | 197,807 | ||||||
1.750% due 04/21/22 ~ |
200,000 | 201,448 | ||||||
3.491% due 05/23/23 ~ |
260,000 | 265,060 | ||||||
4.125% due 09/24/25 ~ |
480,000 | 530,533 | ||||||
7.000% due 01/31/24 ~ |
450,000 | 491,245 | ||||||
UDR Inc REIT |
||||||||
1.900% due 03/15/33 |
30,000 | 27,932 | ||||||
2.100% due 08/01/32 |
200,000 | 192,278 | ||||||
UniCredit SPA (Italy) |
1,050,000 | 1,067,070 | ||||||
VEREIT Operating Partnership LP REIT |
||||||||
3.400% due 01/15/28 |
700,000 | 757,473 | ||||||
3.950% due 08/15/27 |
200,000 | 224,386 | ||||||
Visa Inc |
||||||||
3.150% due 12/14/25 |
80,000 | 86,791 | ||||||
4.300% due 12/14/45 |
290,000 | 364,508 | ||||||
Wells Fargo & Co |
||||||||
2.188% due 04/30/26 |
80,000 | 82,601 | ||||||
2.393% due 06/02/28 |
900,000 | 929,025 | ||||||
2.879% due 10/30/30 |
110,000 | 114,941 | ||||||
3.000% due 10/23/26 |
1,080,000 | 1,158,180 | ||||||
3.450% due 02/13/23 |
40,000 | 41,641 | ||||||
3.584% due 05/22/28 |
100,000 | 109,556 | ||||||
3.750% due 01/24/24 |
50,000 | 53,464 | ||||||
4.400% due 06/14/46 |
30,000 | 35,699 | ||||||
4.478% due 04/04/31 |
1,460,000 | 1,700,825 | ||||||
4.750% due 12/07/46 |
110,000 | 137,920 | ||||||
4.900% due 11/17/45 |
50,000 | 63,373 | ||||||
5.013% due 04/04/51 |
820,000 | 1,102,064 | ||||||
5.375% due 11/02/43 |
80,000 | 106,262 | ||||||
5.606% due 01/15/44 |
400,000 | 540,907 | ||||||
WP Carey Inc REIT |
||||||||
2.250% due 04/01/33 |
55,000 | 52,662 | ||||||
2.400% due 02/01/31 |
75,000 | 74,115 | ||||||
|
|
|||||||
69,238,005 | ||||||||
|
|
|||||||
Industrial - 1.8% |
|
|||||||
3M Co |
||||||||
2.375% due 08/26/29 |
60,000 | 62,291 | ||||||
3.050% due 04/15/30 |
10,000 | 10,820 | ||||||
3.700% due 04/15/50 |
330,000 | 377,325 | ||||||
Ball Corp |
80,000 | 79,106 | ||||||
Carrier Global Corp |
||||||||
2.700% due 02/15/31 |
10,000 | 10,304 | ||||||
2.722% due 02/15/30 |
10,000 | 10,352 | ||||||
3.577% due 04/05/50 |
10,000 | 10,643 | ||||||
CSX Corp |
70,000 | 79,290 | ||||||
Deere & Co |
||||||||
3.100% due 04/15/30 |
20,000 | 21,767 | ||||||
3.750% due 04/15/50 |
60,000 | 71,711 | ||||||
Eaton Corp |
||||||||
2.750% due 11/02/22 |
130,000 | 133,386 | ||||||
4.150% due 11/02/42 |
80,000 | 94,285 | ||||||
Flex Ltd |
800,000 | 928,544 | ||||||
General Dynamics Corp |
||||||||
3.500% due 05/15/25 |
10,000 | 10,858 | ||||||
4.250% due 04/01/40 |
10,000 | 12,200 | ||||||
4.250% due 04/01/50 |
30,000 | 37,976 | ||||||
General Electric Co |
||||||||
3.450% due 05/01/27 |
215,000 | 235,938 | ||||||
3.625% due 05/01/30 |
30,000 | 33,358 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-60
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
6.750% due 03/15/32 |
$30,000 | $41,072 | ||||||
6.875% due 01/10/39 |
98,000 | 146,231 | ||||||
GFL Environmental Inc (Canada) |
30,000 | 30,975 | ||||||
Graphic Packaging International LLC |
95,000 | 95,010 | ||||||
Kansas City Southern |
47,000 | 58,414 | ||||||
L3Harris Technologies Inc |
||||||||
1.800% due 01/15/31 |
80,000 | 77,258 | ||||||
5.054% due 04/27/45 |
60,000 | 78,556 | ||||||
Lockheed Martin Corp |
||||||||
2.800% due 06/15/50 |
95,000 | 94,060 | ||||||
3.100% due 01/15/23 |
20,000 | 20,631 | ||||||
3.550% due 01/15/26 |
70,000 | 76,988 | ||||||
4.500% due 05/15/36 |
30,000 | 37,240 | ||||||
Masco Corp |
125,000 | 120,987 | ||||||
Norfolk Southern Corp |
80,000 | 79,902 | ||||||
Northrop Grumman Corp |
||||||||
2.930% due 01/15/25 |
40,000 | 42,392 | ||||||
3.250% due 01/15/28 |
480,000 | 519,696 | ||||||
5.250% due 05/01/50 |
180,000 | 252,757 | ||||||
Otis Worldwide Corp |
||||||||
2.056% due 04/05/25 |
30,000 | 31,012 | ||||||
3.112% due 02/15/40 |
85,000 | 87,307 | ||||||
Raytheon Technologies Corp |
||||||||
3.750% due 11/01/46 |
95,000 | 105,625 | ||||||
3.950% due 08/16/25 |
60,000 | 66,103 | ||||||
4.125% due 11/16/28 |
290,000 | 330,276 | ||||||
4.500% due 06/01/42 |
60,000 | 73,635 | ||||||
Republic Services Inc |
50,000 | 52,376 | ||||||
SYNNEX Corp |
400,000 | 391,669 | ||||||
Textron Inc |
700,000 | 702,318 | ||||||
The Boeing Co |
||||||||
1.433% due 02/04/24 |
90,000 | 90,140 | ||||||
2.196% due 02/04/26 |
70,000 | 70,532 | ||||||
2.700% due 02/01/27 |
410,000 | 424,596 | ||||||
2.800% due 03/01/27 |
30,000 | 31,290 | ||||||
3.100% due 05/01/26 |
465,000 | 491,723 | ||||||
3.200% due 03/01/29 |
90,000 | 93,719 | ||||||
3.250% due 02/01/35 |
290,000 | 290,282 | ||||||
3.550% due 03/01/38 |
20,000 | 20,354 | ||||||
3.750% due 02/01/50 |
600,000 | 606,789 | ||||||
5.150% due 05/01/30 |
1,100,000 | 1,291,724 | ||||||
Union Pacific Corp |
||||||||
2.150% due 02/05/27 |
50,000 | 51,920 | ||||||
2.400% due 02/05/30 |
230,000 | 236,404 | ||||||
3.750% due 07/15/25 |
120,000 | 131,540 | ||||||
3.750% due 02/05/70 |
70,000 | 78,822 | ||||||
3.839% due 03/20/60 |
180,000 | 206,879 | ||||||
|
|
|||||||
9,949,358 | ||||||||
|
|
|||||||
Technology - 1.3% |
|
|||||||
Analog Devices Inc |
55,000 | 55,086 | ||||||
Apple Inc |
||||||||
2.450% due 08/04/26 |
250,000 | 264,671 | ||||||
3.450% due 02/09/45 |
140,000 | 155,236 | ||||||
Broadcom Inc |
500,000 | 484,591 | ||||||
3.137% due 11/15/35 ~ |
1,230,000 | 1,227,270 | ||||||
3.187% due 11/15/36 ~ |
26,000 | 25,953 | ||||||
3.469% due 04/15/34 ~ |
300,000 | 309,202 | ||||||
4.150% due 11/15/30 |
494,000 | 547,650 |
Principal |
Value |
|||||||
CGI Inc (Canada) |
||||||||
1.450% due 09/14/26 ~ |
$300,000 | $297,021 | ||||||
2.300% due 09/14/31 ~ |
90,000 | 87,529 | ||||||
Dell International LLC |
200,000 | 256,105 | ||||||
Intel Corp |
||||||||
1.600% due 08/12/28 |
130,000 | 129,618 | ||||||
3.050% due 08/12/51 |
60,000 | 59,721 | ||||||
3.700% due 07/29/25 |
50,000 | 54,748 | ||||||
4.750% due 03/25/50 |
90,000 | 117,741 | ||||||
Leidos Inc |
35,000 | 34,240 | ||||||
Microchip Technology Inc |
||||||||
0.972% due 02/15/24 ~ |
120,000 | 120,114 | ||||||
0.983% due 09/01/24 ~ |
90,000 | 89,918 | ||||||
Micron Technology Inc |
50,000 | 51,526 | ||||||
Microsoft Corp |
||||||||
2.525% due 06/01/50 |
510,000 | 491,606 | ||||||
2.675% due 06/01/60 |
5,000 | 4,856 | ||||||
2.921% due 03/17/52 |
10,000 | 10,359 | ||||||
3.041% due 03/17/62 |
25,000 | 26,460 | ||||||
3.300% due 02/06/27 |
200,000 | 221,328 | ||||||
3.450% due 08/08/36 |
10,000 | 11,455 | ||||||
NVIDIA Corp |
||||||||
2.850% due 04/01/30 |
30,000 | 32,165 | ||||||
3.500% due 04/01/40 |
70,000 | 77,705 | ||||||
3.500% due 04/01/50 |
570,000 | 639,635 | ||||||
3.700% due 04/01/60 |
40,000 | 46,726 | ||||||
NXP BV (China) |
||||||||
2.500% due 05/11/31 ~ |
85,000 | 85,854 | ||||||
3.250% due 05/11/41 ~ |
90,000 | 93,070 | ||||||
Oracle Corp |
||||||||
1.650% due 03/25/26 |
310,000 | 314,535 | ||||||
2.875% due 03/25/31 |
340,000 | 350,115 | ||||||
Roper Technologies Inc |
100,000 | 95,440 | ||||||
Texas Instruments Inc |
20,000 | 19,808 | ||||||
VMware Inc |
||||||||
1.400% due 08/15/26 |
100,000 | 99,596 | ||||||
4.700% due 05/15/30 |
165,000 | 194,634 | ||||||
Xilinx Inc |
55,000 | 56,148 | ||||||
|
|
|||||||
7,239,435 | ||||||||
|
|
|||||||
Utilities - 1.3% |
|
|||||||
Alabama Power Co |
400,000 | 380,105 | ||||||
Alexander Funding Trust |
200,000 | 203,912 | ||||||
Appalachian Power Co |
40,000 | 49,013 | ||||||
Atmos Energy Corp |
60,000 | 57,445 | ||||||
Berkshire Hathaway Energy Co |
100,000 | 95,723 | ||||||
Consolidated Edison Co of New York Inc |
||||||||
3.350% due 04/01/30 |
20,000 | 21,908 | ||||||
3.950% due 04/01/50 |
10,000 | 11,425 | ||||||
Consumers Energy Co |
45,000 | 47,414 | ||||||
Duke Energy Carolinas LLC |
60,000 | 79,511 | ||||||
Duke Energy Corp |
185,000 | 200,169 | ||||||
Duke Energy Ohio Inc |
20,000 | 21,971 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-61
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Edison International |
$70,000 | $80,657 | ||||||
Emera US Finance LP (Canada) |
100,000 | 118,217 | ||||||
Enel Finance International NV (Italy) |
||||||||
1.375% due 07/12/26 ~ |
300,000 | 298,436 | ||||||
2.250% due 07/12/31 ~ |
300,000 | 296,229 | ||||||
3.625% due 05/25/27 ~ |
200,000 | 221,536 | ||||||
Entergy Arkansas LLC |
||||||||
2.650% due 06/15/51 |
45,000 | 42,026 | ||||||
3.050% due 06/01/23 |
300,000 | 310,186 | ||||||
Entergy Louisiana LLC |
50,000 | 48,885 | ||||||
Evergy Inc |
130,000 | 136,521 | ||||||
Exelon Generation Co LLC |
300,000 | 320,062 | ||||||
FirstEnergy Corp |
490,000 | 670,594 | ||||||
Fortis Inc (Canada) |
135,000 | 144,927 | ||||||
Indiana Michigan Power Co |
45,000 | 46,589 | ||||||
ITC Holdings Corp |
65,000 | 68,266 | ||||||
New York State Electric & Gas Corp |
300,000 | 296,291 | ||||||
NextEra Energy Capital Holdings Inc |
300,000 | 300,378 | ||||||
NRG Energy Inc |
||||||||
2.000% due 12/02/25 ~ |
80,000 | 81,379 | ||||||
2.450% due 12/02/27 ~ |
90,000 | 91,389 | ||||||
OGE Energy Corp |
35,000 | 35,004 | ||||||
Oklahoma Gas and Electric Co |
45,000 | 45,002 | ||||||
Pacific Gas and Electric Co |
||||||||
1.367% due 03/10/23 |
85,000 | 84,722 | ||||||
1.750% due 06/16/22 |
80,000 | 79,880 | ||||||
2.100% due 08/01/27 |
20,000 | 19,531 | ||||||
2.500% due 02/01/31 |
30,000 | 28,578 | ||||||
2.950% due 03/01/26 |
50,000 | 51,365 | ||||||
3.150% due 01/01/26 |
200,000 | 206,758 | ||||||
3.300% due 08/01/40 |
10,000 | 9,242 | ||||||
3.450% due 07/01/25 |
85,000 | 88,813 | ||||||
3.500% due 08/01/50 |
20,000 | 18,229 | ||||||
3.750% due 02/15/24 |
600,000 | 626,139 | ||||||
3.750% due 08/15/42 |
33,000 | 29,959 | ||||||
PacifiCorp |
80,000 | 95,423 | ||||||
Southern California Edison Co |
||||||||
1.200% due 02/01/26 |
95,000 | 94,219 | ||||||
4.125% due 03/01/48 |
60,000 | 65,496 | ||||||
Southern Power Co |
70,000 | 85,753 | ||||||
Virginia Electric and Power Co |
160,000 | 229,636 | ||||||
WEC Energy Group Inc |
800,000 | 766,965 | ||||||
|
|
|||||||
7,401,878 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
193,153,937 | |||||||
|
|
|||||||
SENIOR LOAN NOTES - 3.2% |
|
|||||||
Basic Materials - 0.0% |
||||||||
Asplundh Tree Expert LLC Term B |
218,247 | 217,610 |
Principal |
Value |
|||||||
INEOS US Petrochem LLC Term B |
$79,800 | $79,930 | ||||||
|
|
|||||||
297,540 | ||||||||
|
|
|||||||
Communications - 0.4% |
|
|||||||
Altice France SA Term B-12 (France) |
239,718 | 236,272 | ||||||
Charter Communications Operating
LLC |
215,745 | 215,696 | ||||||
Term B-2 |
198,734 | 197,695 | ||||||
CSC Holdings LLC |
49,872 | 49,295 | ||||||
Term B-5 |
29,550 | 29,255 | ||||||
Delta Topco Inc Term B |
39,900 | 40,004 | ||||||
Go Daddy Operating Co LLC Term B-2 |
49,482 | 49,234 | ||||||
iHeartCommunications Inc Term B |
226,906 | 225,558 | ||||||
Level 3 Financing Inc Term B |
183,972 | 181,985 | ||||||
Nexstar Broadcasting Inc Term B-4 |
233,922 | 233,984 | ||||||
Terrier Media Buyer Inc Term B |
248,125 | 247,901 | ||||||
Univision Communications Inc Term B |
137,646 | 137,625 | ||||||
Virgin Media Bristol LLC Term N |
220,000 | 218,778 | ||||||
Zayo Group Holdings Inc Term B |
100,000 | 99,245 | ||||||
Ziggo Financing Partnership Term I (Netherlands) |
99,750 | 99,064 | ||||||
|
|
|||||||
2,261,591 | ||||||||
|
|
|||||||
Consumer, Cyclical - 0.8% |
|
|||||||
Air Canada Term B (Canada) |
110,000 | 110,619 | ||||||
Alterra Mountain Co Term B |
77,980 | 77,882 | ||||||
Caesars Resort Collection LLC |
69,300 | 69,465 | ||||||
Term B |
755,284 | 751,704 | ||||||
Clarios Global LP Term B |
163,011 | 162,451 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-62
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Four Seasons Hotels Ltd Term B (Canada) |
$98,328 | $98,185 | ||||||
Great Outdoors Group LLC Term B-1 |
49,625 | 49,930 | ||||||
GVC Holdings Gibraltar Ltd Term B-4 |
69,825 | 69,810 | ||||||
Harbor Freight Tools USA Inc Term B |
119,200 | 119,288 | ||||||
Hilton Worldwide Finance LLC Term B-2 |
240,000 | 238,230 | ||||||
IRB Holding Corp Term B |
248,072 | 248,072 | ||||||
Nascar Holdings LLC Term B |
207,072 | 207,202 | ||||||
PCI Gaming Authority Term B |
34,208 | 34,122 | ||||||
Petco Health & Wellness Co Inc Term B |
233,825 | 233,992 | ||||||
PetSmart Inc Term B |
250,000 | 250,937 | ||||||
Pilot Travel Centers LLC Term B |
490,000 | 488,950 | ||||||
Restaurant Brands International Inc Term B (Canada) |
196,500 | 194,237 | ||||||
Scientific Games International Inc Term B-5 |
339,918 | 338,708 | ||||||
Station Casinos LLC Term B-1 |
119,360 | 118,218 | ||||||
The Michaels Cos Inc |
119,700 | 119,990 | ||||||
UFC Holdings LLC Term B-3 |
236,971 | 236,759 | ||||||
United AirLines Inc Term B |
218,900 | 220,900 | ||||||
Whatabrands LLC Term B |
300,000 | 300,075 | ||||||
|
|
|||||||
4,739,726 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 1.1% |
||||||||
AlixPartners LLP Term B |
248,750 | 248,299 | ||||||
Allied Universal Holdco LLC Term B |
296,903 | 297,478 | ||||||
APi Group DE Inc Term B |
229,535 | 228,627 | ||||||
Bausch Health Americas Inc Term B |
216,054 | 215,649 | ||||||
3.084% (USD LIBOR + 3.000%) due 06/01/25 § |
205,880 | 205,855 |
Principal |
Value |
|||||||
Belron Finance US LLC Term B |
$348,210 | $346,904 | ||||||
Change Healthcare Holdings LLC Term B |
216,482 | 216,469 | ||||||
Eyecare Partners LLC |
49,323 | 49,121 | ||||||
Froneri US Inc Term B (United Kingdom) |
208,119 | 205,924 | ||||||
Gainwell Acquisition Corp Term B |
188,799 | 189,507 | ||||||
Garda World Security Corp Term B (Canada) |
34,353 | 34,436 | ||||||
Global Medical Response Inc Term B |
330,642 | 332,059 | ||||||
Grifols Worldwide Operations USA Inc Term B (Spain) |
216,845 | 213,637 | ||||||
Horizon Therapeutics USA Inc Term B-2 |
233,825 | 233,727 | ||||||
ICON Luxembourg SARL Term B (Luxembourg) 3.000% (USD LIBOR + 2.500%) |
223,592 | 224,617 | ||||||
Jazz Financing Lux SARL Term B |
309,225 | 309,998 | ||||||
LifePoint Health Inc Term B |
253,232 | 253,121 | ||||||
Mozart Borrower LP Term B |
270,000 | 268,650 | ||||||
Option Care Health Inc |
78,600 | 78,669 | ||||||
PAREXEL International Corp Term B |
90,000 | 89,962 | ||||||
Phoenix Guarantor Inc Term B |
||||||||
3.336% (USD LIBOR + 3.250%) |
223,589 | 222,541 | ||||||
3.585% (USD LIBOR + 3.500%) due 03/05/26 § |
79,600 | 79,227 | ||||||
Phoenix Newco Inc |
70,000 | 70,097 | ||||||
PPD Inc Term B |
208,950 | 208,858 | ||||||
PRA Health Sciences Inc Term B |
55,708 | 55,963 | ||||||
Prime Security Services Borrower LLC Term B-1 |
251,369 | 251,369 | ||||||
Reynolds Consumer Products LLC Term B |
195,981 | 195,655 | ||||||
Sotera Health Holdings LLC |
190,000 | 189,287 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-63
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Trans Union LLC Term B-5 |
$100,494 | $99,967 | ||||||
Triton Water Holdings Inc Term B |
229,425 | 229,389 | ||||||
US Foods Inc Term B |
33,710 | 33,543 | ||||||
Verscend Holding Corp Term B |
109,471 | 109,772 | ||||||
|
|
|||||||
5,988,377 | ||||||||
|
|
|||||||
Diversified - 0.0% |
||||||||
First Eagle Holdings Inc Term B |
28,271 | 28,021 | ||||||
|
|
|||||||
Financial - 0.4% |
||||||||
AmWINS Group Inc Term B |
218,350 | 217,191 | ||||||
Asurion LLC |
||||||||
Term B-7 3.084% (USD LIBOR + 3.000%) due 11/03/24 § |
216,960 | 214,926 | ||||||
Term B-8 3.334% (USD LIBOR + 3.250%) due 12/23/26 § |
248,149 | 244,763 | ||||||
Term B-9 3.334% (USD LIBOR + 3.250%) due 07/31/27 § |
59,700 | 58,894 | ||||||
Avolon (US) LLC Term B-5 (Ireland) |
49,625 | 49,703 | ||||||
Citadel Securities LP Term B |
233,452 | 231,664 | ||||||
Deerfield Dakota Holding LLC Term B |
227,621 | 228,576 | ||||||
FleetCor Technologies Operating Co LLC Term B |
129,675 | 129,513 | ||||||
Focus Financial Partners LLC Term B-3 |
78,306 | 77,860 | ||||||
Hudson River Trading LLC Term B |
69,650 | 69,367 | ||||||
Jane Street Group LLC Term B |
197,560 | 195,852 | ||||||
The Edelman Financial Engines Center LLC Term B |
58,503 | 58,462 | ||||||
VFH Parent LLC |
183,559 | 183,536 | ||||||
Zebra Buyer LLC Term B |
160,000 | 160,720 | ||||||
|
|
|||||||
2,121,027 | ||||||||
|
|
|||||||
Industrial - 0.2% |
||||||||
AECOM Term B |
39,900 | 39,959 |
Principal |
Value |
|||||||
Berry Global Inc Term Z |
$104,552 | $104,111 | ||||||
Brookfield WEC Holdings Inc |
39,700 | 39,470 | ||||||
Energizer Holdings Inc |
39,800 | 39,856 | ||||||
Genesee & Wyoming Inc |
341,276 | 339,587 | ||||||
Quikrete Holdings Inc |
||||||||
Term B 2.584% (USD LIBOR + 2.500%) due 01/31/27 § |
248,106 | 246,365 | ||||||
Term B-1 due 06/11/28 § ¥ |
120,000 | 119,758 | ||||||
TransDigm Inc Term F |
9,924 | 9,811 | ||||||
XPO Logistics Inc Term B |
215,000 | 214,182 | ||||||
|
|
|||||||
1,153,099 | ||||||||
|
|
|||||||
Technology - 0.3% |
||||||||
athenahealth Inc Term B-1 |
176,064 | 176,768 | ||||||
Dcert Buyer Inc |
207,148 | 207,444 | ||||||
Dell International LLC Term B-2 |
103,790 | 103,899 | ||||||
Magenta Buyer LLC |
400,000 | 400,600 | ||||||
Peraton Corp Term B |
179,100 | 179,484 | ||||||
Project Sky Merger Sub Inc Term B |
90,000 | 90,028 | ||||||
Rackspace Technology Global Inc Term B |
99,501 | 98,850 | ||||||
RealPage Inc Term B |
270,000 | 269,417 | ||||||
|
|
|||||||
1,526,490 | ||||||||
|
|
|||||||
Total Senior Loan Notes |
18,115,871 | |||||||
|
|
|||||||
MORTGAGE-BACKED SECURITIES - 26.5% |
|
|||||||
Collateralized Mortgage Obligations - Commercial - 4.1% |
|
|||||||
1211 Avenue of the Americas Trust |
900,000 | 976,859 | ||||||
ACRE Commercial Mortgage Ltd (Cayman) |
||||||||
0.917% (USD LIBOR + 0.830%) |
479,422 | 479,430 | ||||||
1.487% (USD LIBOR + 1.400%) |
180,000 | 180,001 | ||||||
AREIT Trust |
333,047 | 335,216 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-64
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Ashford Hospitality Trust |
$600,000 | $600,792 | ||||||
BAMLL Re-REMIC Trust |
||||||||
2.267% due 11/26/47 ~ § |
190,000 | 189,218 | ||||||
5.968% due 08/10/45 ~ § |
1,624,540 | 605,141 | ||||||
BBCMS Trust (IO) |
1,948,263 | 193,109 | ||||||
Benchmark Mortgage Trust (IO) |
||||||||
1.262% due 08/15/57 § |
2,154,135 | 150,577 | ||||||
1.739% due 10/15/53 § |
1,635,292 | 174,574 | ||||||
BPR Trust |
320,000 | 320,292 | ||||||
BX Commercial Mortgage Trust |
||||||||
0.884% (USD LIBOR + 0.800%) |
359,422 | 360,109 | ||||||
2.035% (USD LIBOR + 1.951%) |
630,000 | 630,945 | ||||||
2.134% (USD LIBOR + 2.050%) |
98,000 | 98,405 | ||||||
3.667% due 03/11/44 ~ § |
230,000 | 236,294 | ||||||
Citigroup Commercial Mortgage Trust |
700,000 | 764,880 | ||||||
Cold Storage Trust |
570,135 | 571,940 | ||||||
Commercial Mortgage Trust |
||||||||
2.398% due 01/10/38 ~ § |
300,000 | 301,247 | ||||||
3.545% due 02/10/36 ~ |
1,000,000 | 1,077,527 | ||||||
4.451% due 02/10/48 § |
90,000 | 92,406 | ||||||
CSMC Trust |
||||||||
2.257% due 08/15/37 ~ |
1,000,000 | 1,028,696 | ||||||
4.024% (USD LIBOR + 3.024%) |
430,000 | 430,786 | ||||||
4.139% (USD LIBOR + 3.739%) |
560,000 | 562,159 | ||||||
4.373% due 09/15/37 ~ |
830,000 | 688,850 | ||||||
DBGS Mortgage Trust |
900,000 | 1,005,881 | ||||||
DBUBS Mortgage Trust |
61,246 | 61,495 | ||||||
Fannie Mae |
||||||||
3.273% due 02/25/29 |
30,000 | 33,202 | ||||||
3.610% due 02/25/31 |
70,000 | 80,883 | ||||||
3.700% due 01/25/36 |
100,000 | 113,968 | ||||||
Fannie Mae (IO) |
5,000,000 | 693,775 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates (IO) |
||||||||
1.291% due 11/25/30 § |
3,235,000 | 321,935 | ||||||
1.306% due 10/25/30 § |
2,700,000 | 270,407 | ||||||
1.364% due 12/25/29 |
1,490,000 | 131,537 | ||||||
Freddie Mac Multiclass Certificates (IO) |
2,670,000 | 416,759 | ||||||
Freddie Mac Multifamily Structured Credit Risk |
378,758 | 380,258 | ||||||
FREMF Mortgage Trust |
||||||||
2.233% (USD LIBOR + 2.150%) |
198,611 | 199,324 | ||||||
3.690% due 01/25/26 ~ § |
350,000 | 359,705 | ||||||
4.003% due 01/25/50 ~ § |
415,000 | 455,883 | ||||||
4.068% due 12/25/46 ~ § |
300,000 | 316,139 | ||||||
FRR Re-REMIC Trust |
100,000 | 97,750 | ||||||
Government National Mortgage Association |
55,046 | 57,291 |
Principal |
Value |
|||||||
Government National Mortgage Association (IO) |
||||||||
0.355% due 01/16/53 § |
$4,429,910 | $56,823 | ||||||
0.522% due 04/16/47 § |
2,571,944 | 45,448 | ||||||
GS Mortgage Securities Trust |
||||||||
1.234% (USD LIBOR + 1.150%) |
570,000 | 571,548 | ||||||
1.634% (USD LIBOR + 1.550%) due 09/15/31 ~ § |
1,120,000 | 990,717 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust |
||||||||
3.085% (USD LIBOR + 3.000%) |
323,000 | 315,390 | ||||||
4.085% (USD LIBOR + 4.000%) due 01/16/37 ~ § |
255,000 | 245,374 | ||||||
4.334% (USD LIBOR + 4.250%) due 12/15/36 ~ § |
280,000 | 250,205 | ||||||
6.059% due 02/12/49 § |
46,000 | 52,081 | ||||||
6.834% (USD LIBOR + 6.750%) due 12/15/36 ~ § |
280,000 | 239,341 | ||||||
JPMDB Commercial Mortgage Securities Trust |
180,000 | 190,742 | ||||||
MF1 Ltd (Cayman) |
641,811 | 648,072 | ||||||
MHC Trust |
620,000 | 621,626 | ||||||
ML-CFC Commercial Mortgage Trust |
22,937 | 11,262 | ||||||
Morgan Stanley Capital I Trust |
400,000 | 409,832 | ||||||
PFP Ltd (Cayman) |
261,987 | 261,924 | ||||||
SLG Office Trust |
235,000 | 243,478 | ||||||
VASA Trust |
610,000 | 611,061 | ||||||
VLS Commercial Mortgage Trust |
390,000 | 392,045 | ||||||
Waterfall Commercial Mortgage Trust |
86,535 | 88,012 | ||||||
Wells Fargo Commercial Mortgage Trust |
199,985 | 201,559 | ||||||
Wells Fargo Commercial Mortgage Trust (IO) |
||||||||
1.396% due 03/15/50 § |
4,439,799 | 251,504 | ||||||
1.684% due 08/15/54 § |
1,299,022 | 154,715 | ||||||
WFRBS Commercial Mortgage Trust |
240,000 | 246,897 | ||||||
|
|
|||||||
23,145,301 | ||||||||
|
|
|||||||
Collateralized Mortgage Obligations - Residential - 7.3% |
|
|||||||
Alternative Loan Trust |
||||||||
0.426% (USD LIBOR + 0.340%) |
1,748 | 27,930 | ||||||
0.506% (USD LIBOR + 0.420%) |
186,924 | 183,968 | ||||||
2.607% due 06/25/37 § |
51,981 | 47,980 | ||||||
American Home Mortgage Investment Trust |
1,333,936 | 327,055 | ||||||
Anchor Mortgage Trust |
340,000 | 344,210 | ||||||
Banc of America Funding Trust |
10,950 | 11,376 | ||||||
Bayview Financing Trust |
242,258 | 242,258 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-65
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
BCAP LLC Trust |
||||||||
0.484% due 03/28/37 ~ § |
$1,009,081 | $1,004,868 | ||||||
4.801% due 03/26/37 ~ |
23,725 | 24,781 | ||||||
Bear Stearns Adjustable Rate Mortgage Trust |
||||||||
2.579% due 08/25/33 § |
16,848 | 17,022 | ||||||
2.691% due 01/25/35 § |
158,495 | 167,966 | ||||||
2.806% due 10/25/36 § |
3,435 | 3,392 | ||||||
Bear Stearns ALT-A Trust |
||||||||
2.622% due 05/25/35 § |
10,682 | 10,795 | ||||||
2.973% due 11/25/36 § |
41,338 | 27,761 | ||||||
BVRT Financing Trust |
51,969 | 51,969 | ||||||
Cascade MH Asset Trust |
284,000 | 287,608 | ||||||
CFMT LLC |
665,000 | 664,487 | ||||||
Chase Mortgage Finance Trust |
||||||||
2.368% due 02/25/37 § |
103,979 | 106,485 | ||||||
2.739% due 09/25/36 § |
39,832 | 36,181 | ||||||
ChaseFlex Trust |
253,953 | 238,609 | ||||||
Chevy Chase Funding LLC |
||||||||
0.336% (USD LIBOR + 0.250%) |
9,501 | 9,489 | ||||||
0.606% due 05/25/35 ~ § |
655,341 | 612,325 | ||||||
Citigroup Mortgage Loan Trust Inc |
4,075 | 4,306 | ||||||
Countrywide Home Loan Mortgage |
6,449 | 6,369 | ||||||
Credit Suisse First Boston Mortgage |
31,715 | 29,754 | ||||||
CSMC Trust |
||||||||
1.538% due 02/25/66 ~ § |
494,581 | 494,763 | ||||||
1.668% due 09/27/60 ~ § |
602,878 | 605,127 | ||||||
1.830% (USD LIBOR + 1.750%) |
188,705 | 190,392 | ||||||
2.000% due 01/25/60 ~ § |
527,571 | 537,208 | ||||||
Downey Saving & Loan Association Mortgage |
70,690 | 83,223 | ||||||
Eurosail-UK PLC (United Kingdom) |
GBP 489,923 | 660,798 | ||||||
Fannie Mae |
||||||||
1.625% (US PRIME - 1.625%) |
$21,188 | 21,225 | ||||||
3.500% due 11/25/57 |
1,004,420 | 1,066,223 | ||||||
5.500% due 04/25/35 |
288,759 | 330,536 | ||||||
Fannie Mae (IO) |
||||||||
2.500% due 01/25/49 |
900,000 | 128,763 | ||||||
4.000% due 03/25/43 |
146,168 | 14,684 | ||||||
4.000% due 04/25/43 |
551,960 | 57,153 | ||||||
5.914% (6.000% - USD LIBOR) |
1,084,748 | 218,064 | ||||||
6.014% (6.100% - USD LIBOR) |
302,538 | 53,570 | ||||||
Fannie Mae Connecticut Avenue Securities |
||||||||
2.436% (USD LIBOR + 2.350%) |
261,491 | 265,574 | ||||||
4.086% (USD LIBOR + 4.000%) |
450,000 | 470,390 | ||||||
FMC GMSR Issuer Trust |
||||||||
3.620% due 07/25/26 ~ § |
300,000 | 300,017 | ||||||
3.650% due 02/25/24 ~ ± |
630,000 | 632,322 | ||||||
4.450% due 01/25/26 ~ § |
500,000 | 497,913 |
Principal |
Value |
|||||||
Freddie Mac (IO) |
||||||||
2.000% due 10/25/50 |
$94,499 | $12,305 | ||||||
2.500% due 09/25/50 |
92,162 | 13,591 | ||||||
3.500% due 04/15/43 |
173,364 | 18,700 | ||||||
4.000% due 04/15/43 |
75,895 | 1,648 | ||||||
6.016% (6.100% - USD LIBOR) |
152,473 | 28,207 | ||||||
Freddie Mac REMICS |
||||||||
3.000% due 08/15/48 |
71,126 | 73,603 | ||||||
8.000% due 04/15/30 |
45,960 | 53,998 | ||||||
Freddie Mac REMICS (IO) |
82,937 | 11,065 | ||||||
Freddie Mac Structured Agency Credit Risk Debt Notes |
||||||||
2.350% (SOFR + 2.300%) |
620,000 | 635,880 | ||||||
2.386% (USD LIBOR + 2.300%) |
160,000 | 160,236 | ||||||
3.236% (USD LIBOR + 3.150%) |
1,120,000 | 1,144,335 | ||||||
4.086% (USD LIBOR + 4.000%) |
125,957 | 129,149 | ||||||
Government National Mortgage Association |
||||||||
0.390% (USD LIBOR + 0.300%) |
304,199 | 304,192 | ||||||
0.537% (USD LIBOR + 0.450%) |
318,185 | 320,387 | ||||||
0.590% (USD LIBOR + 0.500%) |
164,648 | 165,860 | ||||||
0.690% (USD LIBOR + 0.600%) |
661,663 | 666,760 | ||||||
0.890% (USD LIBOR + 0.800%) |
555,465 | 563,173 | ||||||
0.890% (USD LIBOR + 0.800%) |
904,749 | 916,626 | ||||||
1.029% (USD LIBOR + 0.750%) |
545,753 | 552,572 | ||||||
1.367% (USD LIBOR + 1.280%) |
996,227 | 1,057,776 | ||||||
1.367% (USD LIBOR + 1.280%) |
688,687 | 732,031 | ||||||
2.819% due 09/20/66 § |
660,444 | 701,302 | ||||||
Government National Mortgage Association (IO) |
||||||||
0.616% due 03/20/71 § |
10,747,811 | 574,202 | ||||||
2.500% due 08/20/50 |
188,209 | 25,348 | ||||||
2.500% due 09/20/50 |
95,383 | 13,337 | ||||||
2.500% due 10/20/50 |
190,241 | 26,393 | ||||||
4.000% due 11/20/44 |
469,357 | 67,274 | ||||||
4.500% due 11/16/45 |
185,948 | 32,957 | ||||||
6.015% (6.100% - USD LIBOR) |
173,535 | 48,520 | ||||||
6.063% (6.150% - USD LIBOR) |
978,459 | 202,621 | ||||||
Great Hall Mortgages PLC (United Kingdom) 0.252% (USD LIBOR + 0.130%) |
182,155 | 179,993 | ||||||
GS Mortgage-Backed Securities Corp Trust |
620,000 | 616,446 | ||||||
GSR Mortgage Loan Trust |
||||||||
6.000% due 11/25/35 |
410,524 | 261,381 | ||||||
6.000% due 07/25/37 |
216,897 | 186,488 | ||||||
HarborView Mortgage Loan Trust |
||||||||
0.246% (0.320% - USD LIBOR) |
219,117 | 201,152 | ||||||
0.427% (USD LIBOR + 0.340%) |
126,871 | 121,827 | ||||||
0.527% (USD LIBOR + 0.440%) |
178,920 | 173,331 | ||||||
2.623% due 02/25/36 § |
36,677 | 16,103 | ||||||
3.041% due 08/19/36 § |
92,893 | 92,249 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-66
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Hawksmoor Mortgages (United Kingdom) |
GBP 1,054,018 | $1,427,018 | ||||||
JP Morgan Mortgage Trust |
||||||||
2.299% due 07/25/35 § |
$15,322 | 16,005 | ||||||
3.500% due 10/25/48 ~ § |
348,795 | 355,376 | ||||||
5.750% due 01/25/36 |
11,710 | 7,778 | ||||||
Ludgate Funding PLC (United Kingdom) |
GBP 408,422 | 531,830 | ||||||
Merrill Lynch Mortgage Investors Trust |
$222,692 | 227,128 | ||||||
Metlife Securitization Trust |
619,703 | 646,065 | ||||||
Morgan Stanley Resecuritization Trust |
1,651,100 | 1,509,544 | ||||||
MRA Issuance Trust |
460,000 | 460,285 | ||||||
New Residential Mortgage Loan Trust |
||||||||
2.492% due 09/25/59 ~ § |
129,476 | 130,556 | ||||||
3.500% due 12/25/57 ~ § |
613,475 | 632,405 | ||||||
Nomura Resecuritization Trust |
1,842,237 | 1,858,663 | ||||||
OBX Trust |
603,118 | 603,992 | ||||||
PRPM LLC |
326,308 | 327,232 | ||||||
Radnor RE Ltd (Bermuda) |
590,000 | 591,390 | ||||||
RALI Trust |
742,253 | 715,573 | ||||||
RBSSP Resecuritization Trust |
1,502 | 1,505 | ||||||
Reperforming Loan REMIC Trust |
||||||||
0.426% (USD LIBOR + 0.340%) |
21,770 | 21,150 | ||||||
0.426% (USD LIBOR + 0.340%) |
125,691 | 124,074 | ||||||
Ripon Mortgages PLC (United Kingdom) |
GBP 583,571 | 789,793 | ||||||
Seasoned Credit Risk Transfer Trust |
||||||||
3.500% due 05/25/57 |
$324,661 | 344,758 | ||||||
3.500% due 06/25/57 |
333,637 | 355,784 | ||||||
4.250% due 09/25/60 ~ |
620,000 | 649,603 | ||||||
Silverstone Master Issuer PLC (United Kingdom) |
495,000 | 495,197 | ||||||
Towd Point Mortgage Funding PLC (United Kingdom) |
||||||||
0.950% (SONIA + 0.900%) |
GBP 1,185,574 | 1,604,722 | ||||||
0.950% (SONIA + 0.900%) due 07/20/45 ~ § |
1,248,600 | 1,688,070 | ||||||
1.097% (GBP LIBOR + 1.025%) due 10/20/51 ~ § |
906,064 | 1,231,538 | ||||||
Tower Bridge Funding No 3 PLC (United Kingdom) |
292,195 | 394,436 | ||||||
Two |
$500,000 | 500,000 | ||||||
WaMu Mortgage Pass-Through Certificates Trust |
100,174 | 100,085 |
Principal |
Value |
|||||||
ZH Trust |
$200,000 | $200,721 | ||||||
|
|
|||||||
40,762,183 | ||||||||
|
|
|||||||
Fannie Mae - 11.0% |
|
|||||||
due 05/31/31 # ± |
350,000 | 357,766 | ||||||
due 10/01/36 - 12/01/51 # |
10,395,000 | 10,670,074 | ||||||
due 11/01/51 # |
11,900,000 | 12,053,690 | ||||||
0.970% due 07/01/27 |
1,186,595 | 1,164,880 | ||||||
1.090% due 04/01/28 |
506,000 | 495,639 | ||||||
1.275% due 04/01/30 |
742,041 | 724,335 | ||||||
1.293% (US FED + 1.200%) due 10/01/44 § |
5,445 | 5,570 | ||||||
1.370% due 03/01/30 |
660,000 | 647,110 | ||||||
1.410% due 12/01/30 |
1,210,000 | 1,183,224 | ||||||
1.440% due 01/01/31 |
1,142,000 | 1,122,924 | ||||||
1.460% due 12/01/30 |
715,000 | 702,255 | ||||||
1.560% due 01/01/31 |
500,000 | 495,158 | ||||||
1.902% (USD LIBOR + 1.507%) due 11/01/32 § |
24,580 | 24,549 | ||||||
2.000% due 01/01/51 - 07/01/51 |
3,586,409 | 3,615,571 | ||||||
2.043% (US Treasury + 2.043%) due 09/01/35 § |
11,959 | 12,169 | ||||||
2.112% (USD LIBOR + 1.737%) due 12/01/35 § |
4,396 | 4,403 | ||||||
2.310% due 08/01/22 |
478,992 | 482,753 | ||||||
2.422% (US Treasury + 2.360%) due 11/01/34 § |
16,783 | 17,891 | ||||||
2.500% due 09/01/36 - 08/01/51 |
3,182,708 | 3,321,789 | ||||||
2.550% due 10/01/30 |
160,000 | 171,276 | ||||||
2.790% due 08/01/29 |
100,000 | 108,106 | ||||||
2.810% due 04/01/25 |
30,000 | 31,874 | ||||||
3.000% due 09/01/28 - 07/01/60 |
6,200,929 | 6,577,916 | ||||||
3.160% due 05/01/29 |
38,793 | 42,655 | ||||||
3.500% due 12/01/34 - 03/01/60 |
6,713,263 | 7,261,613 | ||||||
3.610% due 01/01/37 |
475,372 | 534,768 | ||||||
4.000% due 06/01/25 - 06/01/57 |
3,916,695 | 4,244,415 | ||||||
4.031% (US FED + 1.926%) due 12/01/36 § |
1,100 | 1,175 | ||||||
4.500% due 06/01/24 - 09/01/57 |
2,542,988 | 2,787,341 | ||||||
5.000% due 02/01/35 - 01/01/59 |
816,093 | 919,783 | ||||||
5.500% due 04/01/22 - 05/01/58 |
1,450,215 | 1,693,380 | ||||||
6.000% due 02/01/33 - 07/01/41 |
169,573 | 199,886 | ||||||
|
|
|||||||
61,675,938 | ||||||||
|
|
|||||||
Freddie Mac - 1.7% |
|
|||||||
1.595% (USD LIBOR + 1.345%) due 09/01/35 § |
3,091 | 3,235 | ||||||
1.983% (USD LIBOR + 1.730%) due 06/01/35 § |
27,012 | 28,592 | ||||||
2.000% due 09/01/41 - 06/01/51 |
2,144,772 | 2,168,096 | ||||||
2.120% (USD LIBOR + 1.870%) due 09/01/35 § |
6,078 | 6,113 | ||||||
2.345% (US Treasury + 2.250%) due 11/01/31 § |
937 | 944 | ||||||
2.375% (US Treasury + 2.250%) due 04/01/32 § |
5,951 | 6,001 | ||||||
2.500% due 12/01/50 - 08/01/51 |
1,270,696 | 1,321,742 | ||||||
3.000% due 09/01/32 - 09/01/51 |
1,856,652 | 1,969,120 | ||||||
3.500% due 04/01/33 - 06/01/46 |
866,049 | 937,134 | ||||||
4.000% due 11/01/33 - 04/01/49 |
2,228,943 | 2,416,543 | ||||||
4.500% due 11/01/44 - 05/01/50 |
158,676 | 173,670 | ||||||
5.000% due 08/01/48 - 01/01/49 |
279,813 | 308,260 | ||||||
5.500% due 03/01/23 - 05/01/40 |
319,504 | 371,914 | ||||||
6.000% due 03/01/23 |
1,723 | 1,931 | ||||||
|
|
|||||||
9,713,295 | ||||||||
|
|
|||||||
Government National Mortgage Association - 2.4% |
|
|||||||
due 10/20/51 # |
500,000 | 522,422 | ||||||
1.910% (US Treasury + 1.839%) due 08/20/71 § |
249,893 | 274,338 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-67
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
2.000% due 12/20/50 |
$380,596 | $386,678 | ||||||
2.500% due 12/20/50 - 08/20/51 |
3,349,310 | 3,468,263 | ||||||
2.815% due 07/20/71 § |
249,691 | 260,122 | ||||||
2.932% due 10/20/70 § |
442,218 | 463,878 | ||||||
3.000% due 09/15/42 - 07/20/51 |
1,516,390 | 1,628,120 | ||||||
3.500% due 03/20/45 - 01/20/51 |
3,655,449 | 3,936,568 | ||||||
4.000% due 11/20/47 - 08/20/50 |
1,330,141 | 1,416,887 | ||||||
4.500% due 06/20/48 - 12/20/50 |
1,067,532 | 1,143,178 | ||||||
5.000% due 10/15/38 - 04/15/39 |
84,838 | 98,553 | ||||||
|
|
|||||||
13,599,007 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
148,895,724 | |||||||
|
|
|||||||
ASSET-BACKED SECURITIES - 6.6% |
|
|||||||
AccessLex Institute |
609,063 | 599,483 | ||||||
ACE Securities Corp Home Equity Loan Trust |
246,870 | 247,311 | ||||||
ACRES Commercial Realty Ltd |
470,000 | 470,558 | ||||||
Ajax Mortgage Loan Trust |
291,802 | 291,590 | ||||||
American Homes 4 Rent LP |
300,000 | 330,563 | ||||||
AmeriCredit Automobile Receivables Trust |
540,000 | 538,052 | ||||||
Ameriquest Mortgage Securities Inc |
250,000 | 250,453 | ||||||
2.141% (USD LIBOR + 2.055%) due 11/25/34 § |
362,404 | 364,173 | ||||||
AMSR Trust |
365,000 | 363,093 | ||||||
2.327% due 10/17/38 ~ |
128,000 | 127,349 | ||||||
Applebees Funding LLC |
267,300 | 273,152 | ||||||
Aqua Finance Trust |
210,000 | 221,180 | ||||||
Argent Securities Inc |
||||||||
0.906% (USD LIBOR + 0.820%) |
486,247 | 478,646 | ||||||
1.211% (USD LIBOR + 1.125%) due 11/25/34 § |
469,638 | 472,838 | ||||||
Asset-Backed Funding Certificates Trust |
40,919 | 40,388 | ||||||
Basic Asset-Backed Securities Trust |
129,027 | 128,987 | ||||||
Bear Stearns Asset-Backed Securities I Trust |
||||||||
0.286% (USD LIBOR + 0.200%) |
56,233 | 56,234 | ||||||
0.326% (USD LIBOR + 0.240%) due 12/25/36 § |
1,224,759 | 1,229,163 | ||||||
1.091% (USD LIBOR + 1.005%) due 06/25/35 § |
196,206 | 195,469 | ||||||
Business Jet Securities LLC |
||||||||
2.918% due 04/15/36 ~ |
284,186 | 286,173 | ||||||
2.981% due 11/15/35 ~ |
501,857 | 509,248 | ||||||
Carlyle Global Market Strategies CLO Ltd |
300,000 | 299,631 | ||||||
Cars Net Lease Mortgage Notes |
99,625 | 102,393 |
Principal |
Value |
|||||||
CBAM Ltd (Cayman) |
$800,000 | $800,640 | ||||||
CFMT LLC |
309,331 | 310,200 | ||||||
Citigroup Mortgage Loan Trust |
126,057 | 126,017 | ||||||
CLNC Ltd (Cayman) |
900,000 | 900,879 | ||||||
Continental Finance Credit Card ABS Master Trust |
370,000 | 372,880 | ||||||
Countrywide Asset-Backed Certificates |
||||||||
0.226% (USD LIBOR + 0.140%) |
263,717 | 250,293 | ||||||
0.686% (USD LIBOR + 0.600%) due 06/25/36 § |
329,615 | 328,019 | ||||||
Credit Acceptance Auto Loan Trust |
665,000 | 666,556 | ||||||
Crossroads Asset Trust |
116,000 | 116,139 | ||||||
DataBank Issuer |
250,000 | 250,115 | ||||||
Dividend Solar Loans LLC |
215,424 | 228,649 | ||||||
Drive Auto Receivables Trust |
575,000 | 591,741 | ||||||
Finance of America HECM Buyout |
||||||||
0.875% due 02/25/31 ~ § |
388,069 | 388,453 | ||||||
1.588% due 02/25/31 ~ § |
200,000 | 199,911 | ||||||
First Franklin Mortgage Loan Trust |
591,144 | 571,068 | ||||||
Foundation Finance Trust |
253,172 | 252,358 | ||||||
Freddie Mac Structured Pass-Through Certificates |
200,000 | 210,802 | ||||||
Freed ABS Trust |
353,868 | 354,087 | ||||||
Freedom |
500,000 | 500,000 | ||||||
Gallatin CLO IX Ltd (Cayman) |
368,425 | 368,609 | ||||||
Genesis Sales Finance Master Trust |
500,000 | 503,441 | ||||||
GLS Auto Receivables Issuer Trust |
||||||||
0.870% due 12/16/24 ~ |
150,000 | 150,526 | ||||||
1.140% due 11/17/25 ~ |
145,000 | 145,793 | ||||||
1.640% due 10/15/26 ~ |
75,000 | 75,498 | ||||||
GSAA Home Equity Trust |
||||||||
0.286% (USD LIBOR + 0.200%) |
399,515 | 158,099 | ||||||
1.136% (USD LIBOR + 1.050%) due 06/25/35 § |
270,000 | 269,153 | ||||||
6.000% due 08/25/47 |
185,140 | 181,213 | ||||||
Hildene Community Funding CDO Ltd (Cayman) |
280,000 | 279,300 | ||||||
Home Equity Asset Trust |
||||||||
0.986% (USD LIBOR + 0.900%) |
133,039 | 133,299 | ||||||
1.031% (USD LIBOR + 0.945%) due 12/25/35 § |
620,000 | 618,842 | ||||||
Jamestown CLO XV Ltd (Cayman) |
1,100,000 | 1,101,418 | ||||||
JP Morgan Mortgage Acquisition Trust |
160,000 | 157,246 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-68
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
LFT CRE Ltd (Cayman) |
$250,000 | $250,953 | ||||||
LoanCore Issuer Ltd (Cayman) |
151,977 | 151,977 | ||||||
LP LMS |
363,629 | 367,535 | ||||||
Mariner Finance Issuance Trust |
430,000 | 438,512 | ||||||
Mastr Asset-Backed Securities Trust |
599,137 | 274,369 | ||||||
Merrill Lynch Mortgage Investors Trust |
354,309 | 240,819 | ||||||
National Collegiate Student Loan Trust |
1,000,000 | 830,506 | ||||||
Navient Student Loan Trust |
||||||||
1.236% (USD LIBOR + 1.150%) |
150,000 | 153,437 | ||||||
1.436% (USD LIBOR + 1.350%) |
295,128 | 304,740 | ||||||
New Century Home Equity Loan Trust |
783,003 | 779,714 | ||||||
NRZ Excess Spread-Collateralized Notes |
||||||||
3.104% due 07/25/26 ~ |
423,442 | 425,676 | ||||||
3.844% due 12/25/25 ~ |
308,205 | 311,909 | ||||||
Oak Street Investment Grade Net Lease Fund |
197,094 | 198,951 | ||||||
OneMain Financial Issuance Trust |
120,000 | 126,933 | ||||||
Oportun Funding LLC |
183,532 | 184,183 | ||||||
Oportun Funding XIV LLC |
105,000 | 105,333 | ||||||
Option One Mortgage Loan Trust |
794,388 | 691,490 | ||||||
Pagaya AI Debt Selection Trust |
593,839 | 595,455 | ||||||
Progress Residential Trust |
565,000 | 558,155 | ||||||
RASC Trust |
200,000 | 196,387 | ||||||
Regional Management Issuance Trust |
||||||||
1.680% due 03/17/31 ~ |
198,000 | 198,266 | ||||||
3.040% due 03/17/31 ~ |
191,000 | 190,868 | ||||||
Santander Consumer Auto Receivables Trust |
100,000 | 100,512 | ||||||
SBA Small Business Investment Cos |
192,937 | 207,524 | ||||||
SCF Equipment Leasing LLC |
345,000 | 344,048 | ||||||
Securitized Asset-Backed Receivables LLC Trust |
||||||||
0.216% (USD LIBOR + 0.130%) |
63,502 | 55,681 | ||||||
0.366% (USD LIBOR + 0.280%) |
155,252 | 105,253 | ||||||
SLM Student Loan Trust |
||||||||
0.295% (USD LIBOR + 0.170%) |
600,000 | 587,553 | ||||||
0.786% (USD LIBOR + 0.670%) |
620,000 | 621,654 |
Principal |
Value |
|||||||
SMB Private Education Loan Trust |
||||||||
1.584% (USD LIBOR + 1.500%) |
$524,570 | $529,257 | ||||||
1.590% due 01/15/53 ~ |
340,000 | 339,861 | ||||||
2.310% due 01/15/53 ~ |
150,000 | 152,264 | ||||||
Soundview Home Loan Trust |
85,996 | 86,012 | ||||||
Structured Asset Investment Loan Trust |
228,201 | 228,369 | ||||||
STWD Ltd (Cayman) |
900,000 | 901,350 | ||||||
Sunnova Helios II Issuer LLC |
178,748 | 187,080 | ||||||
Towd Point Mortgage Trust |
||||||||
3.184% due 10/25/53 ~ § |
300,000 | 318,333 | ||||||
3.250% due 10/25/57 ~ § |
180,000 | 189,579 | ||||||
3.384% due 11/25/60 ~ § |
610,000 | 631,250 | ||||||
4.000% due 11/25/47 ~ |
238,078 | 240,601 | ||||||
TRTX Issuer Ltd (Cayman) |
900,000 | 900,585 | ||||||
United Auto Credit Securitization Trust |
450,000 | 450,531 | ||||||
United States Small Business Administration |
||||||||
2.690% due 07/01/44 |
52,692 | 55,670 | ||||||
2.980% due 04/01/39 |
53,427 | 57,734 | ||||||
Upstart Securitization Trust |
301,548 | 302,177 | ||||||
VCAT LLC |
557,938 | 560,008 | ||||||
VOLT XCII LLC |
126,403 | 126,532 | ||||||
VOLT XCIII LLC |
487,238 | 489,252 | ||||||
VOLT XCIV LLC |
326,681 | 327,308 | ||||||
Wachovia Mortgage Loan Trust |
953,797 | 932,240 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
37,041,757 | |||||||
|
|
|||||||
U.S. TREASURY OBLIGATIONS - 20.4% |
|
|||||||
U.S. Treasury Bonds - 10.6% |
|
|||||||
1.125% due 08/15/40 |
870,000 | 748,948 | ||||||
1.250% due 05/15/50 |
5,280,000 | 4,321,144 | ||||||
1.375% due 08/15/50 |
7,215,000 | 6,090,475 | ||||||
1.625% due 11/15/50 |
20,450,000 | 18,378,639 | ||||||
1.683% due 05/15/31 |
1,450,000 | 1,234,810 | ||||||
1.750% due 08/15/41 |
1,600,000 | 1,530,000 | ||||||
1.875% due 02/15/41 |
3,675,000 | 3,596,045 | ||||||
1.875% due 02/15/51 |
5,085,000 | 4,850,613 | ||||||
2.000% due 02/15/50 |
960,000 | 943,425 | ||||||
2.000% due 08/15/51 |
680,000 | 668,100 | ||||||
2.250% due 05/15/41 |
1,520,000 | 1,581,037 | ||||||
2.250% due 08/15/46 |
50,000 | 51,654 | ||||||
2.250% due 08/15/49 |
420,000 | 435,487 | ||||||
2.375% due 05/15/51 |
2,560,000 | 2,732,800 | ||||||
2.875% due 05/15/43 |
1,700,000 | 1,951,480 | ||||||
2.875% due 08/15/45 |
1,300,000 | 1,499,367 | ||||||
2.875% due 05/15/49 |
260,000 | 304,241 | ||||||
3.000% due 05/15/42 |
1,800,000 | 2,105,227 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-69
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
3.000% due 08/15/48 |
$300,000 | $357,539 | ||||||
3.125% due 02/15/43 |
1,300,000 | 1,549,488 | ||||||
3.125% due 08/15/44 |
1,800,000 | 2,154,727 | ||||||
3.375% due 05/15/44 |
900,000 | 1,118,918 | ||||||
3.500% due 02/15/39 |
150,000 | 187,055 | ||||||
3.625% due 02/15/44 |
69,000 | 88,840 | ||||||
3.875% due 08/15/40 |
190,000 | 249,227 | ||||||
4.250% due 05/15/39 |
200,000 | 272,687 | ||||||
4.625% due 02/15/40 |
400,000 | 571,859 | ||||||
|
|
|||||||
59,573,832 | ||||||||
|
|
|||||||
U.S. Treasury Inflation Protected Securities - 0.2% |
|
|||||||
1.375% due 02/15/44 ^ |
538,839 | 740,955 | ||||||
|
|
|||||||
U.S. Treasury Notes - 9.6% |
|
|||||||
0.250% due 11/15/23 |
10,000 | 9,988 | ||||||
0.250% due 05/31/25 |
480,000 | 472,012 | ||||||
0.250% due 06/30/25 |
1,500,000 | 1,473,633 | ||||||
0.250% due 07/31/25 |
4,000,000 | 3,924,375 | ||||||
0.250% due 10/31/25 |
4,620,000 | 4,515,148 | ||||||
0.375% due 11/30/25 |
210,000 | 206,038 | ||||||
0.375% due 01/31/26 |
130,000 | 127,237 | ||||||
0.500% due 02/28/26 |
11,540,000 | 11,347,516 | ||||||
0.500% due 10/31/27 |
1,675,000 | 1,607,935 | ||||||
0.625% due 11/30/27 |
1,320,000 | 1,275,141 | ||||||
0.750% due 03/31/26 |
180,000 | 178,763 | ||||||
0.750% due 04/30/26 |
3,100,000 | 3,076,750 | ||||||
0.750% due 08/31/26 |
320,000 | 316,625 | ||||||
0.875% due 06/30/26 |
669,000 | 666,700 | ||||||
1.000% due 07/31/28 |
2,200,000 | 2,157,719 | ||||||
1.125% due 02/29/28 |
3,800,000 | 3,776,992 | ||||||
1.125% due 08/31/28 |
1,310,000 | 1,294,751 | ||||||
1.250% due 03/31/28 |
670,000 | 670,183 | ||||||
1.250% due 04/30/28 |
3,950,000 | 3,948,148 | ||||||
1.250% due 05/31/28 |
2,310,000 | 2,306,932 | ||||||
1.250% due 06/30/28 |
3,785,000 | 3,777,460 | ||||||
1.250% due 09/30/28 |
120,000 | 119,503 | ||||||
1.250% due 08/15/31 |
2,340,000 | 2,283,511 | ||||||
1.625% due 05/15/31 |
1,020,000 | 1,032,112 | ||||||
1.750% due 07/31/24 |
3,400,000 | 3,522,852 | ||||||
|
|
|||||||
54,088,024 | ||||||||
|
|
|||||||
Total U.S. Treasury Obligations |
114,402,811 | |||||||
|
|
|||||||
FOREIGN GOVERNMENT BONDS & NOTES - 5.4% |
|
|||||||
Abu Dhabi Government International (United Arab Emirates) |
1,030,000 | 1,036,613 | ||||||
Argentine Republic Government International (Argentina) |
||||||||
0.500% due 07/09/30 |
417,100 | 154,002 | ||||||
1.000% due 07/09/29 |
18,460 | 7,061 | ||||||
2.500% due 07/09/41 |
250,000 | 92,317 | ||||||
Brazil Notas do Tesouro Nacional F (Brazil) |
||||||||
10.000% due 01/01/23 |
BRL 940,000 | 174,162 | ||||||
10.000% due 01/01/25 |
7,112,000 | 1,298,934 | ||||||
Brazilian Government (Brazil) |
||||||||
4.625% due 01/13/28 |
$270,000 | 284,414 | ||||||
5.625% due 01/07/41 |
120,000 | 121,645 | ||||||
5.625% due 02/21/47 |
900,000 | 903,780 | ||||||
Chile Government (Chile) |
200,000 | 198,666 | ||||||
China Government (China) |
||||||||
3.310% due 11/30/25 ~ |
CNY 3,000,000 | 480,997 | ||||||
3.380% due 11/21/24 ~ |
500,000 | 79,712 | ||||||
3.390% due 05/21/25 ~ |
1,000,000 | 160,132 | ||||||
Colombia Government (Colombia) |
||||||||
4.000% due 02/26/24 |
$300,000 | 313,969 | ||||||
4.125% due 02/22/42 |
200,000 | 180,304 |
Principal |
Value |
|||||||
4.500% due 01/28/26 |
$300,000 | $322,249 | ||||||
5.625% due 02/26/44 |
200,000 | 209,178 | ||||||
Egypt Government (Egypt) |
200,000 | 206,221 | ||||||
Indonesia Government (Indonesia) |
900,000 | 978,350 | ||||||
Indonesia Treasury (Indonesia) |
||||||||
6.500% due 02/15/31 |
IDR 30,036,000,000 | 2,124,293 | ||||||
7.000% due 05/15/27 |
14,454,000,000 | 1,083,608 | ||||||
7.500% due 06/15/35 |
1,622,000,000 | 120,184 | ||||||
Israel Government (Israel) |
$600,000 | 722,936 | ||||||
Japanese Government CPI Linked (Japan) |
JPY 290,905,454 | 2,672,111 | ||||||
Kenya Government International (Kenya) |
$380,000 | 376,008 | ||||||
Kuwait International Government (Kuwait) |
270,000 | 299,266 | ||||||
Mexican Bonos (Mexico) |
MXN 104,460,000 | 5,012,663 | ||||||
8.000% due 11/07/47 |
31,600,000 | 1,544,714 | ||||||
8.500% due 05/31/29 |
2,780,000 | 144,216 | ||||||
Mexico Government (Mexico) |
||||||||
2.659% due 05/24/31 |
$200,000 | 193,446 | ||||||
3.771% due 05/24/61 |
200,000 | 177,967 | ||||||
4.125% due 01/21/26 |
200,000 | 223,982 | ||||||
4.350% due 01/15/47 |
500,000 | 502,415 | ||||||
4.500% due 01/31/50 |
200,000 | 205,040 | ||||||
Panama Government (Panama) |
||||||||
2.252% due 09/29/32 |
300,000 | 282,996 | ||||||
4.500% due 04/16/50 |
200,000 | 218,442 | ||||||
Peru Government (Peru) |
PEN 3,000,000 | 704,597 | ||||||
Peruvian Government (Peru) |
||||||||
5.625% due 11/18/50 |
$95,000 | 128,938 | ||||||
5.940% due 02/12/29 ~ |
PEN 1,300,000 | 316,352 | ||||||
6.350% due 08/12/28 ~ |
2,000,000 | 500,359 | ||||||
6.550% due 03/14/37 |
$350,000 | 473,328 | ||||||
Qatar Government (Qatar) |
800,000 | 1,030,906 | ||||||
Republic of Poland Government (Poland) |
370,000 | 399,502 | ||||||
Russian Federal (Russia) |
||||||||
6.900% due 05/23/29 |
RUB 34,809,000 | 471,434 | ||||||
7.000% due 08/16/23 |
26,040,000 | 357,240 | ||||||
7.050% due 01/19/28 |
107,902,000 | 1,476,271 | ||||||
7.250% due 05/10/34 |
5,970,000 | 81,321 | ||||||
7.650% due 04/10/30 |
39,790,000 | 563,872 | ||||||
7.700% due 03/16/39 |
65,580,000 | 931,105 | ||||||
|
|
|||||||
Total Foreign Government Bonds & Notes |
30,542,218 | |||||||
|
|
|||||||
MUNICIPAL BONDS - 0.2% |
|
|||||||
City of Chicago IL B |
$95,000 | 95,893 | ||||||
New York State Urban Development Corp |
700,000 | 704,245 | ||||||
Regents of the University of California Medical Center Pooled Revenue N |
120,000 | 128,577 | ||||||
State of California |
180,000 | 299,707 | ||||||
|
|
|||||||
Total Municipal Bonds |
1,228,422 | |||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-70
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
SHORT-TERM INVESTMENTS - 6.2% |
|
|||||||
U. S. Government Agency Issue - 0.1% |
|
|||||||
Federal Home Loan Banks |
$580,000 | $580,000 | ||||||
|
|
|||||||
Corporate Notes - 0.1% |
|
|||||||
Pacific Gas and Electric Co |
330,000 | 330,142 | ||||||
|
|
|||||||
Shares |
||||||||
Money Market Fund - 1.4% |
|
|||||||
BlackRock Liquidity Funds T-Fund
Portfolio |
8,049,205 | 8,049,205 | ||||||
|
|
|||||||
Principal |
||||||||
Repurchase Agreements - 2.2% |
|
|||||||
Citigroup |
||||||||
0.040% due 10/01/21 (Dated 09/30/21, Repurchase price of $6,300,007: collateralized by US Treasury Notes: 2.625% due 06/30/23 and value $6,470,269) |
$6,300,000 | 6,300,000 | ||||||
Deutsche Bank |
||||||||
0.040% due 10/04/21 (Dated 09/30/21, Repurchase price of $6,100,027: collateralized by US Treasury Bonds: 4.625% due 02/15/40 and value $6,262,993) |
6,100,000 | 6,100,000 | ||||||
|
|
|||||||
12,400,000 | ||||||||
|
|
|||||||
U.S. Cash Management Bills - 1.6% |
|
|||||||
0.025% due 01/04/22 |
200,000 | 199,987 | ||||||
0.025% due 01/11/22 |
3,800,000 | 3,799,731 | ||||||
0.040% due 01/25/22 |
4,900,000 | 4,899,368 | ||||||
|
|
|||||||
8,899,086 | ||||||||
|
|
Principal |
Value |
|||||||
U.S. Treasury Bills - 0.8% |
|
|||||||
0.043% due 03/10/22 |
$1,800,000 | $1,799,660 | ||||||
0.043% due 03/17/22 |
1,200,000 | 1,199,764 | ||||||
0.043% due 03/24/22 |
1,600,000 | 1,599,671 | ||||||
|
|
|||||||
4,599,095 | ||||||||
|
|
|||||||
Total Short-Term Investments |
34,857,528 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 102.9% |
|
578,238,268 | ||||||
|
|
|||||||
DERIVATIVES - (0.1%) |
|
(673,608 | ) | |||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (2.8%) |
|
(15,611,285 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$561,953,375 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Corporate Bonds & Notes |
34.4% | |||
Mortgage-Backed Securities |
26.5% | |||
U.S. Treasury Obligations |
20.4% | |||
Asset-Backed Securities |
6.6% | |||
Short-Term Investments |
6.2% | |||
Foreign Government Bonds & Notes |
5.4% | |||
Senior Loan Notes |
3.2% | |||
Others (each less than 3.0%) |
0.2% | |||
|
|
|||
102.9% | ||||
Derivatives |
(0.1% | ) | ||
Other Assets & Liabilities, Net |
(2.8% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | An investment with a value of $27,930 or less than 0.1% of the Funds net assets was valued by the Trustee Valuation Committee or determined by a valuation committee established under the Valuation Policy and then subsequently submitted for approval or ratification to either the Trustee Valuation Committee or to the Board of Trustees. |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-71
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(c) | Open futures contracts outstanding as of September 30, 2021 were as follows: |
Long Futures Outstanding | Expiration Month |
Number of Contracts |
Notional Amount |
Value | Unrealized Appreciation (Depreciation) |
|||||||||||||||
AUD FX |
12/21 | 54 | $3,988,935 | $3,906,360 | ($82,575 | ) | ||||||||||||||
Australia 10-Year Bonds |
12/21 | 36 | 3,750,187 | 3,681,993 | (68,194 | ) | ||||||||||||||
CAD FX |
12/21 | 11 | 873,764 | 868,890 | (4,874 | ) | ||||||||||||||
EUR FX |
12/21 | 34 | 5,038,494 | 4,930,000 | (108,494 | ) | ||||||||||||||
Euro-Bobl |
12/21 | 7 | 1,100,488 | 1,094,073 | (6,415 | ) | ||||||||||||||
Eurodollar |
03/22 | 97 | 24,187,154 | 24,214,838 | 27,684 | |||||||||||||||
Eurodollar |
06/23 | 63 | 15,630,627 | 15,626,363 | (4,264 | ) | ||||||||||||||
Eurodollar |
09/23 | 13 | 3,219,540 | 3,217,175 | (2,365 | ) | ||||||||||||||
Eurodollar |
12/23 | 422 | 104,361,911 | 104,292,025 | (69,886 | ) | ||||||||||||||
Euro-OAT |
12/21 | 11 | 2,151,917 | 2,114,510 | (37,407 | ) | ||||||||||||||
JPY FX |
12/21 | 14 | 1,593,156 | 1,571,675 | (21,481 | ) | ||||||||||||||
Long Gilt |
12/21 | 1 | 174,086 | 168,627 | (5,459 | ) | ||||||||||||||
MXN FX |
12/21 | 46 | 1,138,801 | 1,103,770 | (35,031 | ) | ||||||||||||||
RUB FX |
12/21 | 7 | 235,567 | 237,300 | 1,733 | |||||||||||||||
U.S. Treasury 5-Year Notes |
12/21 | 648 | 80,011,778 | 79,536,939 | (474,839 | ) | ||||||||||||||
U.S. Treasury 10-Year Notes |
12/21 | 161 | 21,446,849 | 21,189,110 | (257,739 | ) | ||||||||||||||
U.S. Treasury Long Bonds |
12/21 | 353 | 57,678,375 | 56,204,219 | (1,474,156 | ) | ||||||||||||||
U.S. Treasury Ultra 10-Year Notes |
12/21 | 6 | 884,870 | 871,500 | (13,370 | ) | ||||||||||||||
|
|
|||||||||||||||||||
(2,637,132 | ) | |||||||||||||||||||
|
|
|||||||||||||||||||
Short Futures Outstanding |
||||||||||||||||||||
Euro-Bund |
12/21 | 50 | 10,021,766 | 9,835,550 | 186,216 | |||||||||||||||
Euro-Buxl |
12/21 | 6 | 1,455,806 | 1,413,233 | 42,573 | |||||||||||||||
Eurodollar |
12/21 | 248 | 61,846,579 | 61,894,600 | (48,021 | ) | ||||||||||||||
Japan 10-Year Bonds |
12/21 | 3 | 4,094,295 | 4,080,237 | 14,058 | |||||||||||||||
Long Gilt |
12/21 | 2 | 345,687 | 337,254 | 8,433 | |||||||||||||||
U.S. Treasury 2-Year Notes |
12/21 | 63 | 13,871,187 | 13,863,445 | 7,742 | |||||||||||||||
U.S. Treasury 10-Year Notes |
12/21 | 445 | 59,292,823 | 58,566,174 | 726,649 | |||||||||||||||
U.S. Treasury Long Bonds |
12/21 | 1 | 164,202 | 159,219 | 4,983 | |||||||||||||||
U.S. Treasury Ultra Long Bonds |
12/21 | 13 | 2,571,241 | 2,483,813 | 87,428 | |||||||||||||||
|
|
|||||||||||||||||||
1,030,061 | ||||||||||||||||||||
|
|
|||||||||||||||||||
Total Futures Contracts |
($1,607,071 | ) | ||||||||||||||||||
|
|
(d) | Forward foreign currency contracts outstanding as of September 30, 2021 were as follows: |
Currency Purchased |
Currency Sold |
Settlement Month |
Counterparty | Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||
AUD | 2,029,925 | USD | 1,502,351 | 10/21 | JPM | $ | ($34,732 | ) | ||||||||||||||||||
AUD | 943,000 | USD | 685,480 | 10/21 | SCB | | (3,724 | ) | ||||||||||||||||||
AUD | 231,000 | USD | 166,161 | 11/21 | UBS | 864 | | |||||||||||||||||||
BRL | 4,465,032 | USD | 857,045 | 10/21 | JPM | | (37,634 | ) | ||||||||||||||||||
BRL | 479,417 | USD | 91,196 | 10/21 | MSC | | (3,415 | ) | ||||||||||||||||||
BRL | 4,465,032 | USD | 820,868 | 10/21 | UBS | | (1,458 | ) | ||||||||||||||||||
BRL | 4,465,032 | USD | 841,855 | 11/21 | UBS | | (26,264 | ) | ||||||||||||||||||
CAD | 7,068,819 | USD | 5,627,924 | 10/21 | CIT | | (47,132 | ) | ||||||||||||||||||
CAD | 4,160,000 | USD | 3,351,239 | 10/21 | GSC | | (66,943 | ) | ||||||||||||||||||
CAD | 1,000,000 | USD | 787,402 | 12/21 | GSC | 2,112 | | |||||||||||||||||||
CLP | 316,624,149 | USD | 442,311 | 11/21 | DUB | | (53,314 | ) | ||||||||||||||||||
CNH | 7,582,497 | USD | 1,170,680 | 10/21 | JPM | 3,478 | | |||||||||||||||||||
EUR | 2,802,000 | USD | 3,247,378 | 10/21 | SCB | | (1,438 | ) | ||||||||||||||||||
EUR | 3,500,000 | USD | 4,106,462 | 12/21 | MSC | | (45,584 | ) | ||||||||||||||||||
GBP | 1,712,636 | USD | 2,370,629 | 10/21 | GSC | | (62,967 | ) | ||||||||||||||||||
GBP | 309,000 | USD | 417,924 | 11/21 | BRC | | (1,564 | ) | ||||||||||||||||||
GBP | 232,000 | USD | 317,288 | 11/21 | HSB | | (4,681 | ) | ||||||||||||||||||
GBP | 99,000 | USD | 136,578 | 11/21 | UBS | | (3,181 | ) | ||||||||||||||||||
IDR | 6,028,157,034 | USD | 408,467 | 10/21 | JPM | 11,673 | | |||||||||||||||||||
INR | 32,903,342 | USD | 434,988 | 10/21 | CIT | 7,217 | | |||||||||||||||||||
INR | 32,903,342 | USD | 438,069 | 01/22 | CIT | | (436 | ) | ||||||||||||||||||
JPY | 155,358,283 | USD | 1,415,556 | 10/21 | JPM | | (19,465 | ) | ||||||||||||||||||
MXN | 11,537,000 | USD | 561,452 | 10/21 | JPM | | (2,942 | ) | ||||||||||||||||||
MXN | 38,993,283 | USD | 1,920,878 | 10/21 | MSC | | (37,091 | ) | ||||||||||||||||||
MXN | 11,537,000 | USD | 563,784 | 01/22 | HSB | | (13,808 | ) | ||||||||||||||||||
RUB | 279,717,313 | USD | 3,685,097 | 10/21 | MSC | 147,156 | | |||||||||||||||||||
USD | 578,364 | AUD | 788,000 | 10/21 | HSB | 8,667 | | |||||||||||||||||||
USD | 820,868 | BRL | 4,465,032 | 10/21 | JPM | 1,458 | |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-72
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Currency Purchased |
Currency Sold |
Settlement Month |
Counterparty | Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||||||||
USD | 845,810 | BRL | 4,465,032 | 10/21 | UBS | $26,400 | $ | |||||||||||||||||||||||||||
USD | 1,162,995 | CNH | 7,582,497 | 10/21 | JPM | | (11,163 | ) | ||||||||||||||||||||||||||
USD | 1,162,674 | CNH | 7,582,497 | 01/22 | JPM | | (3,065 | ) | ||||||||||||||||||||||||||
USD | 2,116,999 | EUR | 1,782,279 | 10/21 | BNP | 51,760 | | |||||||||||||||||||||||||||
USD | 358,439 | EUR | 303,000 | 10/21 | CIT | 7,334 | | |||||||||||||||||||||||||||
USD | 7,141,796 | EUR | 6,005,000 | 10/21 | MSC | 183,428 | | |||||||||||||||||||||||||||
USD | 3,309,703 | EUR | 2,802,000 | 10/21 | SCB | 63,763 | | |||||||||||||||||||||||||||
USD | 3,249,131 | EUR | 2,802,000 | 11/21 | SCB | 1,417 | | |||||||||||||||||||||||||||
USD | 10,729,253 | GBP | 7,735,000 | 11/21 | SCB | 306,784 | | |||||||||||||||||||||||||||
USD | 442,547 | INR | 32,903,342 | 10/21 | CIT | 342 | | |||||||||||||||||||||||||||
USD | 79,848 | JPY | 8,800,000 | 11/21 | BRC | 753 | | |||||||||||||||||||||||||||
USD | 982,663 | MXN | 19,940,000 | 10/21 | CIT | 19,351 | | |||||||||||||||||||||||||||
USD | 572,272 | MXN | 11,537,000 | 10/21 | HSB | 13,762 | | |||||||||||||||||||||||||||
USD | 4,462,341 | MXN | 90,177,216 | 10/21 | MSC | 105,831 | | |||||||||||||||||||||||||||
USD | 896,172 | PEN | 3,311,802 | 10/21 | HSB | 95,384 | | |||||||||||||||||||||||||||
USD | 387,493 | PEN | 1,582,247 | 11/21 | HSB | 5,136 | | |||||||||||||||||||||||||||
USD | 525,550 | PEN | 1,934,811 | 12/21 | HSB | 58,724 | | |||||||||||||||||||||||||||
USD | 308,484 | PEN | 1,275,180 | 01/22 | JPM | 1,677 | | |||||||||||||||||||||||||||
USD | 311,063 | ZAR | 4,736,125 | 10/21 | MSC | | (2,647 | ) | ||||||||||||||||||||||||||
ZAR | 4,736,125 | USD | 325,596 | 10/21 | GSC | | (11,886 | ) | ||||||||||||||||||||||||||
ZAR | 4,736,125 | USD | 307,120 | 01/22 | MSC | 2,645 | | |||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
Total Forward Foreign Currency Contracts |
|
$1,127,116 | ($496,534 | ) | ||||||||||||||||||||||||||||||
|
|
|
(e) | Purchased options outstanding as of September 30, 2021 were as follows: |
Foreign Currency Options
Description | Exercise Price |
Expiration Date |
Counterparty | Notional Amount |
Cost | Value | ||||||||||||||||||
Put - JPY versus USD |
JPY 107.80 | 11/10/21 | MSC | $3,166,000 | $14,874 | $2,100 | ||||||||||||||||||
Put - NZD versus USD |
$0.71 | 11/22/21 | GSC | 1,120,000 | 18,314 | 4,652 | ||||||||||||||||||
Put - AUD versus USD |
0.73 | 11/22/21 | GSC | 740,000 | 7,441 | 8,299 | ||||||||||||||||||
Put - CAD versus USD |
CAD 1.27 | 11/22/21 | BNP | 1,450,000 | 12,689 | 16,636 | ||||||||||||||||||
|
|
|
|
|||||||||||||||||||||
$53,318 | $31,687 | |||||||||||||||||||||||
|
|
|
|
Options on Futures
Description | Exercise Price |
Expiration Date |
Exchange | Number of Contracts |
Notional Amount |
Cost | Value | |||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (10/21) |
$131.75 | 10/08/21 | CME | 2 | $263,500 | $722 | $656 | |||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (10/21) |
132.25 | 10/08/21 | CME | 2 | 264,500 | 878 | 313 | |||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (10/21) |
132.50 | 10/08/21 | CME | 2 | 265,000 | 847 | 187 | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (10/21) |
160.00 | 10/08/21 | CME | 2 | 320,000 | 2,191 | 1,281 | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (10/21) |
160.50 | 10/08/21 | CME | 3 | 481,500 | 2,958 | 1,406 | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (10/21) |
161.50 | 10/08/21 | CME | 2 | 323,000 | 2,191 | 469 | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (10/21) |
162.50 | 10/08/21 | CME | 2 | 325,000 | 2,004 | 219 | |||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (11/21) |
131.50 | 10/22/21 | CME | 12 | 1,578,000 | 7,052 | 7,500 | |||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (11/21) |
132.25 | 10/22/21 | CME | 3 | 396,750 | 1,318 | 891 | |||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (11/21) |
132.50 | 10/22/21 | CME | 5 | 662,500 | 2,712 | 1,094 | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (11/21) |
159.00 | 10/22/21 | CME | 6 | 954,000 | 8,760 | 9,187 | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (11/21) |
159.50 | 10/22/21 | CME | 4 | 638,000 | 5,319 | 5,125 | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (11/21) |
160.00 | 10/22/21 | CME | 2 | 320,000 | 2,503 | 2,125 | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (11/21) |
161.00 | 10/22/21 | CME | 23 | 3,703,000 | 32,009 | 16,172 | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (11/21) |
162.00 | 10/22/21 | CME | 14 | 2,268,000 | 18,212 | 6,125 | |||||||||||||||||||||
Call - EUR-FX (11/21) |
1.18 | 11/05/21 | CME | 2 | 295,000 | 1,480 | 600 | |||||||||||||||||||||
Call - JPY-FX (11/21) |
89.50 | 11/05/21 | CME | 2 | 223,750 | 1,493 | 2,100 | |||||||||||||||||||||
Call - JPY-FX (11/21) |
90.00 | 11/05/21 | CME | 1 | 112,500 | 665 | 725 | |||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
93,314 | 56,175 | |||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
Put - EUR-FX (10/21) |
1.18 | 10/08/21 | CME | 1 | 147,500 | 777 | 2,512 | |||||||||||||||||||||
Put - U.S. Treasury 10-Year Notes (10/21) |
132.00 | 10/08/21 | CME | 4 | 528,000 | 1,788 | 2,500 | |||||||||||||||||||||
Put - U.S. Treasury 10-Year Notes (11/21) |
131.75 | 10/22/21 | CME | 4 | 527,000 | 2,351 | 2,563 | |||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
4,916 | 7,575 | |||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
Total Options on Futures |
$98,230 | $63,750 | ||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
Total Purchased Options |
|
$151,548 | $95,437 | |||||||||||||||||||||||||
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-73
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(f) | Premiums received and value of written options outstanding as of September 30, 2021 were as follows: |
Foreign Currency Options
Description | Exercise Price |
Expiration Date |
Counter- party |
Notional Amount |
Premium | Value | ||||||||||||||||
Put - NZD versus USD |
$0.73 | 11/22/21 | GSC | $1,120,000 | $6,317 | ($1,010 | ) | |||||||||||||||
|
|
|
|
Options on Futures
Description | Exercise Price |
Expiration Date |
Exchange | Number of Contracts |
Notional Amount |
Premium | Value | |||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (10/21) |
$131.50 | 10/01/21 | CME | 2 | $263,000 | $497 | ($438 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (10/21) |
132.75 | 10/01/21 | CME | 1 | 132,750 | 76 | | |||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (10/21) |
133.50 | 10/01/21 | CME | 6 | 801,000 | 1,724 | | |||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (10/21) |
133.75 | 10/01/21 | CME | 6 | 802,500 | 958 | | |||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (10/21) |
160.00 | 10/01/21 | CME | 4 | 640,000 | 931 | (625 | ) | ||||||||||||||||||||
Call - CAD-FX (10/21) |
80.00 | 10/08/21 | CME | 2 | 160,000 | 775 | (80 | ) | ||||||||||||||||||||
Call - U.S. Treasury 5-Year Notes (11/21) |
123.00 | 10/22/21 | CME | 12 | 1,476,000 | 3,667 | (2,156 | ) | ||||||||||||||||||||
Call - U.S. Treasury 5-Year Notes (11/21) |
123.50 | 10/22/21 | CME | 4 | 494,000 | 634 | (219 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (11/21) |
131.75 | 10/22/21 | CME | 5 | 658,750 | 2,741 | (2,500 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (11/21) |
132.00 | 10/22/21 | CME | 9 | 1,188,000 | 3,297 | (3,516 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (11/21) |
132.75 | 10/22/21 | CME | 8 | 1,062,000 | 1,955 | (1,250 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (11/21) |
133.00 | 10/22/21 | CME | 9 | 1,197,000 | 1,953 | (984 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (11/21) |
133.50 | 10/22/21 | CME | 14 | 1,869,000 | 5,820 | (656 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (11/21) |
134.00 | 10/22/21 | CME | 22 | 2,948,000 | 9,321 | (688 | ) | ||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (11/21) |
163.00 | 10/22/21 | CME | 5 | 815,000 | 1,773 | (1,328 | ) | ||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (11/21) |
164.00 | 10/22/21 | CME | 10 | 1,640,000 | 7,670 | (1,563 | ) | ||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (11/21) |
165.00 | 10/22/21 | CME | 17 | 2,805,000 | 18,924 | (1,859 | ) | ||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (11/21) |
166.00 | 10/22/21 | CME | 2 | 332,000 | 1,715 | (156 | ) | ||||||||||||||||||||
Call - EUR-FX (11/21) |
1.19 | 11/05/21 | CME | 2 | 297,500 | 2,120 | (225 | ) | ||||||||||||||||||||
Call - CAD-FX (11/21) |
79.00 | 11/05/21 | CME | 1 | 79,000 | 537 | (690 | ) | ||||||||||||||||||||
Call - U.S. Treasury 5-Year Notes (12/21) |
123.00 | 11/26/21 | CME | 29 | 3,567,000 | 9,755 | (9,742 | ) | ||||||||||||||||||||
Call - U.S. Treasury 5-Year Notes (12/21) |
123.25 | 11/26/21 | CME | 11 | 1,355,750 | 3,153 | (2,578 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (12/21) |
132.50 | 11/26/21 | CME | 8 | 1,060,000 | 3,736 | (3,875 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (12/21) |
134.00 | 11/26/21 | CME | 19 | 2,546,000 | 8,280 | (2,672 | ) | ||||||||||||||||||||
Call - U.S. Treasury 10-Year Notes (12/21) |
134.50 | 11/26/21 | CME | 3 | 403,500 | 1,510 | (281 | ) | ||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (12/21) |
164.00 | 11/26/21 | CME | 14 | 2,296,000 | 9,679 | (7,875 | ) | ||||||||||||||||||||
Call - U.S. Treasury 30-Year Bonds (12/21) |
166.00 | 11/26/21 | CME | 2 | 332,000 | 2,778 | (625 | ) | ||||||||||||||||||||
Call - Eurodollar (12/21) |
99.13 | 12/10/21 | CME | 6 | 1,486,950 | 2,087 | (450 | ) | ||||||||||||||||||||
Call - Eurodollar (12/21) |
99.25 | 12/10/21 | CME | 8 | 1,985,000 | 1,983 | (300 | ) | ||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
110,049 | (47,331 | ) | ||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
Put - U.S. Treasury 5-Year Notes (11/21) |
122.00 | 10/22/21 | CME | 4 | 488,000 | 634 | (312 | ) | ||||||||||||||||||||
Put - U.S. Treasury 5-Year Notes (11/21) |
122.50 | 10/22/21 | CME | 5 | 612,500 | 929 | (1,016 | ) | ||||||||||||||||||||
Put - U.S. Treasury 5-Year Notes (11/21) |
123.25 | 10/22/21 | CME | 8 | 986,000 | 2,244 | (4,875 | ) | ||||||||||||||||||||
Put - U.S. Treasury 10-Year Notes (11/21) |
132.00 | 10/22/21 | CME | 6 | 792,000 | 3,333 | (4,687 | ) | ||||||||||||||||||||
Put - U.S. Treasury 10-Year Notes (11/21) |
133.00 | 10/22/21 | CME | 1 | 133,000 | 436 | (1,500 | ) | ||||||||||||||||||||
Put - U.S. Treasury 30-Year Bonds (11/21) |
158.00 | 10/22/21 | CME | 3 | 474,000 | 2,120 | (2,719 | ) | ||||||||||||||||||||
Put - U.S. Treasury 5-Year Notes (12/21) |
123.50 | 11/26/21 | CME | 7 | 864,500 | 2,847 | (6,453 | ) | ||||||||||||||||||||
Put - U.S. Treasury 10-Year Notes (12/21) |
132.50 | 11/26/21 | CME | 3 | 397,500 | 2,073 | (4,125 | ) | ||||||||||||||||||||
Put - U.S. Treasury 10-Year Notes (12/21) |
133.00 | 11/26/21 | CME | 7 | 931,000 | 4,910 | (12,031 | ) | ||||||||||||||||||||
Put - U.S. Treasury 30-Year Bonds (12/21) |
162.00 | 11/26/21 | CME | 7 | 1,134,000 | 9,769 | (26,688 | ) | ||||||||||||||||||||
Put - Eurodollar (12/21) |
98.75 | 12/10/21 | CME | 8 | 1,975,000 | 4,245 | (1,550 | ) | ||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
33,540 | (65,956 | ) | ||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
Total Options on Futures |
$143,589 | ($113,287 | ) | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
Total Written Options |
$149,906 | ($114,297 | ) | |||||||||||||||||||||||||
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-74
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(g) | Swap agreements outstanding as of September 30, 2021 were as follows: |
Credit Default Swaps on Corporate and Sovereign Issues Sell Protection (1)
Referenced Obligation | Payment Frequency |
Fixed Deal Receive Rate |
Expiration Date |
Counterparty | Implied Credit Spread at 09/30/21 (2) |
Notional Amount (3) |
Value | Upfront Premiums Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||||||
Barclays Bank PLC |
Q | 1.000% | 12/20/21 | MSC | 0.141% | EUR 400,000 | $1,038 | $2,801 | ($1,763 | ) | ||||||||||||||||||||||||||
Russian Federation |
Q | 1.000% | 12/20/24 | JPM | 0.575% | $400,000 | 5,592 | 1,972 | 3,620 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
6,630 | 4,773 | 1,857 | ||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Exchange | ||||||||||||||||||||||||||||||||||||
Rolls-Royce PLC |
Q | 1.000% | 12/20/24 | ICE | 1.293% | EUR 800,000 | (8,440 | ) | (4,034 | ) | (4,406 | ) | ||||||||||||||||||||||||
Apache Corp |
Q | 1.000% | 06/20/26 | ICE | 1.652% | $220,000 | (6,411 | ) | (11,403 | ) | 4,992 | |||||||||||||||||||||||||
General Electric Co |
Q | 1.000% | 06/20/26 | ICE | 0.696% | 400,000 | 5,765 | 2,736 | 3,029 | |||||||||||||||||||||||||||
British Telecommunications PLC |
Q | 1.000% | 06/20/28 | ICE | 1.076% | EUR 300,000 | (1,650 | ) | (1,477 | ) | (173 | ) | ||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
(10,736 | ) | (14,178 | ) | 3,442 | ||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Total Credit Default Swaps on Corporate and Sovereign Issues Sell Protection |
|
($4,106 | ) | ($9,405 | ) | $5,299 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
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 HY 36 5Y |
Q | 5.000% | 06/20/26 | ICE | $880,000 | $82,346 | $74,732 | $7,614 | ||||||||||||||||||||||||||||
CDX IG 37 5Y |
Q | 1.000% | 12/20/26 | ICE | 37,717,500 | 912,218 | 914,684 | (2,466 | ) | |||||||||||||||||||||||||||
CDX HY 37 5Y |
Q | 5.000% | 12/20/26 | ICE | 3,230,000 | 304,695 | 309,744 | (5,049 | ) | |||||||||||||||||||||||||||
CDX iTraxx Main 36 5Y |
Q | 5.000% | 12/20/26 | ICE | EUR 2,700,000 | 375,391 | 385,050 | (9,659 | ) | |||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
$1,674,650 | $1,684,210 | ($9,560 | ) | |||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Total Credit Default Swaps |
|
$1,670,544 | $1,674,805 | ($4,261 | ) | |||||||||||||||||||||||||||||||
|
|
|
|
|
|
(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 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 into the agreement. Wider credit spreads, in comparison to narrower credit spreads, represent a deterioration of the referenced entitys credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
(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 expected amount paid or received 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 entitys credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-75
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Interest Rate Swaps Long
Receive | Pay | Payment Frequency Receive Rate/ Pay Rate |
Counterparty | Expiration Date |
Notional Amount |
Value | Upfront Premiums Paid (Received) |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||||
7.024% |
Brazil CETIP Interbank | Z / Z | CIT | 01/04/27 | BRL 5,712,000 | ($64,894 | ) | $2,294 | ($67,188 | ) | ||||||||||||||||||||||
7.044% |
Brazil CETIP Interbank | Z / Z | JPM | 01/04/27 | 1,400,000 | (15,664 | ) | | (15,664 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
(80,558 | ) | 2,294 | (82,852 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
Exchange | ||||||||||||||||||||||||||||||||
3.350% |
Brazil CETIP Interbank | Z / Z | CME | 01/03/22 | 50,000,000 | (95,712 | ) | 2,683 | (98,395 | ) | ||||||||||||||||||||||
3.700% |
Brazil CETIP Interbank | Z / Z | CME | 01/03/22 | 32,000,000 | (52,064 | ) | (1,092 | ) | (50,972 | ) | |||||||||||||||||||||
0.190% |
3-Month USD-LIBOR | S / Q | CME | 06/15/22 | $5,492,000 | 4,431 | (25 | ) | 4,456 | |||||||||||||||||||||||
2.800% |
3-Month USD-LIBOR | S / Q | CME | 08/22/23 | 500,000 | 24,569 | | 24,569 | ||||||||||||||||||||||||
0.000% |
1-Day JPY-TONAR | A / A | LCH | 03/17/24 | JPY 1,300,000,000 | 10,936 | 19,440 | (8,504 | ) | |||||||||||||||||||||||
0.820% |
3-Month USD-LIBOR | S / Q | CME | 06/04/24 | $27,829,000 | (61,923 | ) | | (61,923 | ) | ||||||||||||||||||||||
(0.068%) |
6-Month JPY-LIBOR | S / S | LCH | 09/18/26 | JPY 120,000,000 | (5,119 | ) | | (5,119 | ) | ||||||||||||||||||||||
(0.097%) |
6-Month JPY-LIBOR | S / S | LCH | 09/24/26 | 82,000,000 | (4,606 | ) | 111 | (4,717 | ) | ||||||||||||||||||||||
0.300% |
6-Month JPY-LIBOR | S / S | LCH | 03/20/28 | 166,000,000 | 24,776 | 25,805 | (1,029 | ) | |||||||||||||||||||||||
7.450% |
28-Day MXN TIIE | L / L | CME | 07/18/29 | MXN 63,630,000 | 29,804 | 26,769 | 3,035 | ||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
(124,908 | ) | 73,691 | (198,599 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
Total Interest Rate Swaps - Long |
|
($205,466 | ) | $75,985 | ($281,451 | ) | ||||||||||||||||||||||||||
|
|
|
|
|
|
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) |
||||||||||||||||||||||||
0.450% |
3-Month USD-LIBOR | S / Q | CME | 05/15/27 | $6,272,000 | $237,392 | ($15,869 | ) | $253,261 | |||||||||||||||||||||||
0.710% |
1-Day USD-SOFR | A / A | CME | 05/15/27 | 5,461,000 | 55,711 | 12,349 | 43,362 | ||||||||||||||||||||||||
1.250% |
3-Month USD-LIBOR | S / Q | CME | 02/15/28 | 4,111,000 | (3,415 | ) | 4,113 | (7,528 | ) | ||||||||||||||||||||||
1.350% |
3-Month USD-LIBOR | S / Q | CME | 02/15/28 | 14,870,000 | (106,708 | ) | 33,106 | (139,814 | ) | ||||||||||||||||||||||
0.450% |
6-Month JPY-LIBOR | S / S | LCH | 03/20/29 | JPY 260,000,000 | (68,167 | ) | (95,871 | ) | 27,704 | ||||||||||||||||||||||
0.800% |
6-Month JPY-LIBOR | S / S | LCH | 10/22/38 | 10,000,000 | (8,032 | ) | | (8,032 | ) | ||||||||||||||||||||||
0.785% |
6-Month JPY-LIBOR | S / S | LCH | 11/12/38 | 13,260,000 | (10,284 | ) | 45 | (10,329 | ) | ||||||||||||||||||||||
0.560% |
1-Day USD-SOFR | A / A | CME | 07/20/45 | $1,380,000 | 279,910 | 12,421 | 267,489 | ||||||||||||||||||||||||
0.740% |
1-Day USD-SOFR | A / A | CME | 08/19/45 | 640,000 | 106,891 | | 106,891 | ||||||||||||||||||||||||
0.641% |
6-Month JPY-LIBOR | S / S | CME | 05/09/46 | JPY 187,300,000 | (81,208 | ) | | (81,208 | ) | ||||||||||||||||||||||
1.000% |
3-Month USD-LIBOR | S / Q | CME | 02/15/47 | $683,000 | 120,051 | 6,648 | 113,403 | ||||||||||||||||||||||||
1.200% |
3-Month USD-LIBOR | S / Q | CME | 02/15/47 | 901,000 | 120,043 | 4,963 | 115,080 | ||||||||||||||||||||||||
1.225% |
3-Month USD-LIBOR | S / Q | CME | 02/15/47 | 362,000 | 46,304 | 416 | 45,888 | ||||||||||||||||||||||||
1.520% |
1-Day USD-SOFR | A / A | CME | 02/15/47 | 1,529,000 | 15,282 | (10,719 | ) | 26,001 | |||||||||||||||||||||||
1.600% |
3-Month USD-LIBOR | S / Q | CME | 02/15/47 | 458,000 | 22,017 | 2,697 | 19,320 | ||||||||||||||||||||||||
1.630% |
3-Month USD-LIBOR | S / Q | CME | 02/15/47 | 1,562,000 | 67,996 | 10,383 | 57,613 | ||||||||||||||||||||||||
1.729% |
1-Day USD-SOFR | A / A | CME | 02/15/47 | 240,000 | (9,344 | ) | | (9,344 | ) | ||||||||||||||||||||||
2.000% |
3-Month USD-LIBOR | S / Q | CME | 02/15/47 | 561,000 | (20,790 | ) | 8,127 | (28,917 | ) | ||||||||||||||||||||||
0.900% |
3-Month USD-LIBOR | S / Q | CME | 03/17/50 | 8,335,000 | 1,812,340 | 2,304,860 | (492,520 | ) | |||||||||||||||||||||||
1.200% |
3-Month USD-LIBOR | S / Q | CME | 10/07/50 | 751,000 | 108,964 | 3,830 | 105,134 | ||||||||||||||||||||||||
0.538% |
6-Month JPY-LIBOR | S / S | LCH | 03/15/51 | JPY 41,000,000 | (1,656 | ) | (238 | ) | (1,418 | ) | |||||||||||||||||||||
0.520% |
6-Month JPY-LIBOR | S / S | LCH | 03/16/51 | 12,000,000 | 61 | | 61 | ||||||||||||||||||||||||
0.350% |
6-Month JPY-LIBOR | S / S | LCH | 03/17/51 | 10,000,000 | 4,375 | 5,520 | (1,145 | ) | |||||||||||||||||||||||
0.557% |
6-Month JPY-LIBOR | S / S | LCH | 03/17/51 | 127,700,000 | (11,257 | ) | | (11,257 | ) | ||||||||||||||||||||||
0.565% |
6-Month JPY-LIBOR | S / S | LCH | 03/19/51 | 48,000,000 | (5,197 | ) | | (5,197 | ) | ||||||||||||||||||||||
0.570% |
6-Month JPY-LIBOR | S / S | LCH | 03/19/51 | 10,000,000 | (1,219 | ) | | (1,219 | ) | ||||||||||||||||||||||
0.572% |
6-Month JPY-LIBOR | S / S | LCH | 04/07/51 | 4,000,000 | (598 | ) | | (598 | ) | ||||||||||||||||||||||
2.000% |
3-Month USD-LIBOR | S / Q | CME | 06/03/51 | $79,000 | (3,537 | ) | 822 | (4,359 | ) | ||||||||||||||||||||||
2.050% |
3-Month USD-LIBOR | S / Q | CME | 06/07/51 | 236,000 | (13,383 | ) | (29 | ) | (13,354 | ) | |||||||||||||||||||||
1.671% |
3-Month USD-LIBOR | S / Q | CME | 07/09/51 | 1,196,000 | 44,055 | (5,330 | ) | 49,385 | |||||||||||||||||||||||
0.750% |
1-Day GBP-SONIA | A / A | LCH | 03/16/52 | GBP 1,900,000 | 159,700 | (33,400 | ) | 193,100 | |||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
$2,856,297 | $2,248,844 | $607,453 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
Total Interest Rate Swaps |
|
$2,650,831 | $2,324,829 | $326,002 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
Total Swap Agreements |
|
$4,321,375 | $3,999,634 | $321,741 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-76
PACIFIC FUNDS
PF MANAGED BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Balances reported in the Statement of Assets and Liabilities for Over the Counter (OTC) Swaps and Centrally Cleared Swaps
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||
OTC Swap Agreements |
||||||||
Assets |
$7,067 | $3,620 | ||||||
Liabilities |
| (84,615 | ) | |||||
Centrally Cleared Swap Agreements (1) |
||||||||
Assets |
4,172,054 | 1,471,387 | ||||||
Liabilities |
(179,487 | ) | (1,068,651 | ) | ||||
|
|
|
|
|||||
$3,999,634 | $321,741 | |||||||
|
|
|
|
(1) | Includes cumulative value on centrally cleared swaps, as reported in the Schedule of Investments. Only variation margin is reported within the Statement of Assets and Liabilities. |
(h) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Corporate Bonds & Notes |
$193,153,937 | $ | $193,153,937 | $ | |||||||||||||
Senior Loan Notes |
18,115,871 | | 17,926,584 | 189,287 | ||||||||||||||
Mortgage-Backed Securities |
||||||||||||||||||
Collateralized Mortgage Obligations - Commercial |
23,145,301 | | 23,145,301 | | ||||||||||||||
Collateralized Mortgage Obligations - Residential |
40,762,183 | | 39,335,634 | 1,426,549 | ||||||||||||||
Fannie Mae |
61,675,938 | | 61,318,172 | 357,766 | ||||||||||||||
Freddie Mac |
9,713,295 | | 9,713,295 | | ||||||||||||||
Government National Mortgage Association |
13,599,007 | | 13,599,007 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Mortgage-Backed Securities |
148,895,724 | | 147,111,409 | 1,784,315 | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Asset-Backed Securities |
37,041,757 | | 36,174,222 | 867,535 | ||||||||||||||
U.S. Treasury Obligations |
114,402,811 | | 114,402,811 | | ||||||||||||||
Foreign Government Bonds & Notes |
30,542,218 | | 30,542,218 | | ||||||||||||||
Municipal Bonds |
1,228,422 | | 1,228,422 | | ||||||||||||||
Short-Term Investments |
34,857,528 | 8,049,205 | 26,808,323 | | ||||||||||||||
Derivatives: |
||||||||||||||||||
Credit Contracts |
||||||||||||||||||
Swaps |
19,255 | | 19,255 | | ||||||||||||||
Foreign Currency Contracts |
||||||||||||||||||
Futures |
1,733 | 1,733 | | | ||||||||||||||
Forward Foreign Currency Contracts |
1,127,116 | | 1,127,116 | | ||||||||||||||
Purchased Options |
37,624 | | 37,624 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Foreign Currency Contracts |
1,166,473 | 1,733 | 1,164,740 | | ||||||||||||||
Interest Rate Contracts |
||||||||||||||||||
Futures |
1,105,766 | 1,105,766 | | | ||||||||||||||
Purchased Options |
57,813 | | 57,813 | | ||||||||||||||
Swaps |
1,455,752 | | 1,455,752 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Interest Rate Contracts |
2,619,331 | 1,105,766 | 1,513,565 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Assets - Derivatives |
3,805,059 | 1,107,499 | 2,697,560 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Assets |
582,043,327 | 9,156,704 | 570,045,486 | 2,841,137 | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Liabilities |
Derivatives: |
|||||||||||||||||
Credit Contracts |
||||||||||||||||||
Swaps |
(23,516 | ) | | (23,516 | ) | | ||||||||||||
Foreign Currency Contracts |
||||||||||||||||||
Futures |
(252,455 | ) | (252,455 | ) | | | ||||||||||||
Forward Foreign Currency Contracts |
(496,534 | ) | | (496,534 | ) | | ||||||||||||
Written Options |
(2,005 | ) | | (2,005 | ) | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Foreign Currency Contracts |
(750,994 | ) | (252,455 | ) | (498,539 | ) | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Interest Rate Contracts |
||||||||||||||||||
Futures |
(2,462,115 | ) | (2,462,115 | ) | | | ||||||||||||
Written Options |
(112,292 | ) | | (112,292 | ) | | ||||||||||||
Swaps |
(1,129,750 | ) | | (1,129,750 | ) | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Interest Rate Contracts |
(3,704,157 | ) | (2,462,115 | ) | (1,242,042 | ) | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities - Derivatives |
(4,478,667 | ) | (2,714,570 | ) | (1,764,097 | ) | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities |
(4,478,667 | ) | (2,714,570 | ) | (1,764,097 | ) | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$577,564,660 | $6,442,134 | $568,281,389 | $2,841,137 | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-77
PACIFIC FUNDS
PF SHORT DURATION BOND FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CORPORATE BONDS & NOTES - 49.5% |
|
|||||||
Basic Materials - 1.0% |
|
|||||||
ArcelorMittal SA (Luxembourg) |
$55,000 | $58,426 | ||||||
Celulosa Arauco y Constitucion SA (Chile) |
200,000 | 216,496 | ||||||
LYB International Finance III LLC |
140,000 | 139,969 | ||||||
Nucor Corp |
65,000 | 66,947 | ||||||
POSCO (South Korea) |
450,000 | 458,544 | ||||||
Westlake Chemical Corp |
25,000 | 25,037 | ||||||
|
|
|||||||
965,419 | ||||||||
|
|
|||||||
Communications - 3.0% |
|
|||||||
America Movil SAB de CV (Mexico) |
230,000 | 234,866 | ||||||
Charter Communications Operating LLC |
||||||||
4.464% due 07/23/22 |
790,000 | 810,166 | ||||||
4.908% due 07/23/25 |
260,000 | 292,526 | ||||||
Crown Castle Towers LLC |
55,000 | 56,638 | ||||||
Expedia Group Inc |
260,000 | 275,274 | ||||||
NBN Co Ltd (Australia) |
250,000 | 249,128 | ||||||
NTT Finance Corp (Japan) |
200,000 | 199,790 | ||||||
Sky Ltd (United Kingdom) |
200,000 | 217,440 | ||||||
T-Mobile USA Inc |
145,000 | 146,813 | ||||||
Verizon Communications Inc |
||||||||
0.850% due 11/20/25 |
235,000 | 232,575 | ||||||
1.450% due 03/20/26 |
165,000 | 166,553 | ||||||
|
|
|||||||
2,881,769 | ||||||||
|
|
|||||||
Consumer, Cyclical - 6.6% |
|
|||||||
7-Eleven Inc |
||||||||
0.625% due 02/10/23 ~ |
50,000 | 50,021 | ||||||
0.800% due 02/10/24 ~ |
80,000 | 79,989 | ||||||
American Airlines Pass-Through Trust B |
132,369 | 128,192 | ||||||
Brunswick Corp |
160,000 | 160,034 | ||||||
Daimler Finance North America LLC (Germany) |
410,000 | 417,543 | ||||||
Ford Motor Credit Co LLC |
200,000 | 200,350 | ||||||
General Motors Co |
165,000 | 178,410 | ||||||
5.400% due 10/02/23 |
210,000 | 229,091 | ||||||
General Motors Financial Co Inc |
210,000 | 220,404 | ||||||
4.200% due 11/06/21 |
65,000 | 65,230 | ||||||
Harley-Davidson Financial Services Inc |
85,000 | 86,017 | ||||||
4.050% due 02/04/22 ~ |
340,000 | 344,143 | ||||||
Hasbro Inc |
280,000 | 296,624 | ||||||
Hyatt Hotels Corp |
75,000 | 75,110 | ||||||
Hyundai Capital America |
||||||||
0.800% due 01/08/24 ~ |
120,000 | 119,517 | ||||||
0.875% due 06/14/24 ~ |
50,000 | 49,750 | ||||||
1.000% due 09/17/24 ~ |
60,000 | 59,808 |
Principal |
Value |
|||||||
2.375% due 02/10/23 ~ |
$ | 270,000 | $ | 276,010 | ||||
2.850% due 11/01/22 ~ |
121,000 | 123,923 | ||||||
3.000% due 06/20/22 ~ |
235,000 | 239,083 | ||||||
3.950% due 02/01/22 ~ |
405,000 | 409,585 | ||||||
Marriott International Inc |
||||||||
2.300% due 01/15/22 |
15,000 | 15,060 | ||||||
3.125% due 02/15/23 |
55,000 | 56,387 | ||||||
3.600% due 04/15/24 |
240,000 | 255,807 | ||||||
Nissan Motor Acceptance Co LLC |
195,000 | 198,601 | ||||||
2.650% due 07/13/22 ~ |
30,000 | 30,460 | ||||||
Nissan Motor Co Ltd (Japan) |
230,000 | 239,309 | ||||||
Nordstrom Inc |
20,000 | 20,003 | ||||||
QVC Inc |
460,000 | 480,355 | ||||||
Ralph Lauren Corp |
40,000 | 40,406 | ||||||
Ross Stores Inc |
460,000 | 513,648 | ||||||
Stellantis Finance US Inc |
200,000 | 199,459 | ||||||
United Airlines Pass-Through Trust B |
80,621 | 79,455 | ||||||
Volkswagen Group of America Finance LLC (Germany) |
||||||||
2.700% due 09/26/22 ~ |
200,000 | 204,542 | ||||||
2.900% due 05/13/22 ~ |
200,000 | 203,149 | ||||||
|
|
|||||||
6,345,475 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 7.2% |
|
|||||||
AbbVie Inc |
535,000 | 562,588 | ||||||
Astrazeneca Finance LLC (United Kingdom) |
||||||||
0.700% due 05/28/24 |
140,000 | 140,204 | ||||||
1.200% due 05/28/26 |
190,000 | 190,161 | ||||||
BAT International Finance PLC (United Kingdom) |
210,000 | 210,218 | ||||||
Baxalta Inc |
95,000 | 96,783 | ||||||
Becton Dickinson and Co |
||||||||
3.363% due 06/06/24 |
105,000 | 111,679 | ||||||
3.734% due 12/15/24 |
58,000 | 62,702 | ||||||
Bunge Ltd Finance Corp |
630,000 | 644,774 | ||||||
4.350% due 03/15/24 |
30,000 | 32,448 | ||||||
Cardinal Health Inc |
||||||||
3.200% due 03/15/23 |
210,000 | 218,287 | ||||||
3.500% due 11/15/24 |
270,000 | 289,417 | ||||||
China Mengniu Dairy Co Ltd (China) |
400,000 | 401,105 | ||||||
Coca-Cola Europacific Partners PLC (United Kingdom) |
285,000 | 284,185 | ||||||
Global Payments Inc |
170,000 | 177,751 | ||||||
Health Care Service Corp |
190,000 | 192,892 | ||||||
HPHT Finance 19 Ltd (Hong Kong) |
200,000 | 209,888 | ||||||
Humana Inc |
||||||||
0.650% due 08/03/23 |
75,000 | 75,053 | ||||||
1.350% due 02/03/27 |
20,000 | 19,742 | ||||||
3.850% due 10/01/24 |
25,000 | 27,064 | ||||||
4.500% due 04/01/25 |
225,000 | 249,975 | ||||||
IHS Markit Ltd |
100,000 | 106,545 | ||||||
Imperial Brands Finance PLC (United Kingdom) |
||||||||
3.500% due 02/11/23 ~ |
400,000 | 411,840 | ||||||
3.750% due 07/21/22 ~ |
400,000 | 407,900 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-78
PACIFIC FUNDS
PF SHORT DURATION BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
JDE Peets NV (Netherlands) |
$ | 150,000 | $ | 149,619 | ||||
PeaceHealth Obligated Group |
40,000 | 40,358 | ||||||
PerkinElmer Inc |
||||||||
0.550% due 09/15/23 |
90,000 | 90,087 | ||||||
0.850% due 09/15/24 |
170,000 | 170,041 | ||||||
Perrigo Finance Unlimited Co |
455,000 | 482,507 | ||||||
Prosperous Ray Ltd (China) |
240,000 | 256,546 | ||||||
Royalty Pharma PLC |
190,000 | 190,655 | ||||||
Shire Acquisitions Investments Ireland DAC |
135,000 | 140,782 | ||||||
Triton Container International Ltd (Bermuda) |
200,000 | 199,898 | ||||||
|
|
|||||||
6,843,694 | ||||||||
|
|
|||||||
Energy - 7.5% |
|
|||||||
Aker BP ASA (Norway) |
230,000 | 242,490 | ||||||
Canadian Natural Resources Ltd (Canada) |
260,000 | 266,351 | ||||||
Cheniere Corpus Christi Holdings LLC |
||||||||
5.875% due 03/31/25 |
185,000 | 209,051 | ||||||
7.000% due 06/30/24 |
290,000 | 328,078 | ||||||
Diamondback Energy Inc |
||||||||
2.875% due 12/01/24 |
435,000 | 456,907 | ||||||
4.750% due 05/31/25 |
140,000 | 156,464 | ||||||
Enbridge Inc (Canada) |
140,000 | 145,893 | ||||||
Energy Transfer LP |
||||||||
2.900% due 05/15/25 |
60,000 | 62,916 | ||||||
4.250% due 03/15/23 |
300,000 | 312,808 | ||||||
4.250% due 04/01/24 |
15,000 | 16,064 | ||||||
5.875% due 01/15/24 |
285,000 | 313,281 | ||||||
Eni SPA (Italy) |
270,000 | 287,369 | ||||||
EQT Corp |
525,000 | 534,896 | ||||||
Gray Oak Pipeline LLC |
||||||||
2.000% due 09/15/23 ~ |
45,000 | 45,880 | ||||||
2.600% due 10/15/25 ~ |
90,000 | 92,310 | ||||||
Kinder Morgan Inc |
85,000 | 87,799 | ||||||
Pioneer Natural Resources Co |
85,000 | 85,108 | ||||||
Plains All American Pipeline LP |
180,000 | 184,061 | ||||||
Reliance Industries Ltd (India) |
250,000 | 254,123 | ||||||
Sabine Pass Liquefaction LLC |
||||||||
5.625% due 04/15/23 |
200,000 | 212,597 | ||||||
6.250% due 03/15/22 |
565,000 | 571,503 | ||||||
Saudi Arabian Oil Co (Saudi Arabia) |
200,000 | 201,455 | ||||||
Schlumberger Finance Canada Ltd |
70,000 | 70,783 | ||||||
Schlumberger Holdings Corp |
||||||||
3.750% due 05/01/24 ~ |
315,000 | 336,614 | ||||||
4.000% due 12/21/25 ~ |
75,000 | 82,689 | ||||||
Suncor Energy Inc (Canada) |
95,000 | 98,360 | ||||||
The Williams Cos Inc |
||||||||
3.350% due 08/15/22 |
120,000 | 122,196 | ||||||
3.700% due 01/15/23 |
375,000 | 387,407 | ||||||
Valero Energy Corp |
||||||||
1.200% due 03/15/24 |
170,000 | 171,949 | ||||||
2.700% due 04/15/23 |
305,000 | 314,912 | ||||||
3.650% due 03/15/25 |
50,000 | 54,126 |
Principal |
Value |
|||||||
Western Midstream Operating LP |
$ | 425,000 | $ | 432,004 | ||||
|
|
|||||||
7,138,444 | ||||||||
|
|
|||||||
Financial - 15.3% |
|
|||||||
AerCap Ireland Capital DAC (Ireland) |
|
|||||||
3.950% due 02/01/22 |
400,000 | 403,369 | ||||||
4.125% due 07/03/23 |
150,000 | 157,841 | ||||||
4.450% due 12/16/21 |
220,000 | 221,045 | ||||||
4.500% due 09/15/23 |
195,000 | 207,821 | ||||||
Air Lease Corp |
||||||||
2.250% due 01/15/23 |
175,000 | 178,861 | ||||||
3.500% due 01/15/22 |
90,000 | 90,781 | ||||||
Avolon Holdings Funding Ltd (Ireland) |
||||||||
2.875% due 02/15/25 ~ |
125,000 | 128,662 | ||||||
3.625% due 05/01/22 ~ |
335,000 | 340,051 | ||||||
3.950% due 07/01/24 ~ |
65,000 | 69,039 | ||||||
Banco Bilbao Vizcaya Argentaria SA (Spain) |
400,000 | 402,496 | ||||||
Bank of America Corp |
||||||||
0.976% due 04/22/25 |
150,000 | 150,848 | ||||||
1.734% due 07/22/27 |
105,000 | 105,502 | ||||||
Bank of Ireland Group PLC (Ireland) |
345,000 | 370,360 | ||||||
Banque Federative du Credit Mutuel SA (France) |
295,000 | 294,644 | ||||||
BDO Unibank Inc (Philippines) |
400,000 | 412,866 | ||||||
BPCE SA (France) |
200,000 | 219,338 | ||||||
Brighthouse Financial Global Funding |
||||||||
0.600% due 06/28/23 ~ |
115,000 | 115,122 | ||||||
1.000% due 04/12/24 ~ |
120,000 | 120,637 | ||||||
Capital One Financial Corp |
130,000 | 136,666 | ||||||
CC Holdings GS V LLC REIT |
445,000 | 467,253 | ||||||
Citigroup Inc |
125,000 | 125,435 | ||||||
CNO Global Funding |
150,000 | 149,979 | ||||||
Cooperatieve Rabobank UA (Netherlands) |
375,000 | 389,350 | ||||||
Credicorp Ltd (Peru) |
200,000 | 204,576 | ||||||
Credit Suisse AG (Switzerland) |
360,000 | 363,416 | ||||||
Crown Castle International Corp REIT |
150,000 | 146,901 | ||||||
Danske Bank AS (Denmark) |
245,000 | 247,956 | ||||||
Deutsche Bank AG (Germany) |
335,000 | 335,363 | ||||||
Equitable Financial Life Global Funding |
255,000 | 256,650 | ||||||
First Niagara Financial Group Inc |
120,000 | 121,621 | ||||||
Highwoods Realty LP REIT |
175,000 | 180,181 | ||||||
HSBC Holdings PLC (United Kingdom) |
315,000 | 322,016 | ||||||
JPMorgan Chase & Co |
140,000 | 140,010 | ||||||
Lloyds Banking Group PLC (United Kingdom) |
200,000 | 201,308 | ||||||
LSEGA Financing PLC (United Kingdom) |
200,000 | 199,566 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-79
PACIFIC FUNDS
PF SHORT DURATION BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Marsh & McLennan Cos Inc |
$ | 190,000 | $ | 204,334 | ||||
Mitsubishi UFJ Financial Group Inc (Japan) |
220,000 | 220,307 | ||||||
Mizuho Financial Group Cayman 2 Ltd (Japan) |
230,000 | 236,424 | ||||||
Morgan Stanley |
||||||||
0.560% due 11/10/23 |
200,000 | 200,294 | ||||||
0.731% due 04/05/24 |
140,000 | 140,498 | ||||||
NatWest Markets PLC (United Kingdom) |
485,000 | 500,088 | ||||||
Park Aerospace Holdings Ltd (Ireland) |
||||||||
4.500% due 03/15/23 ~ |
185,000 | 193,359 | ||||||
5.250% due 08/15/22 ~ |
190,000 | 196,850 | ||||||
Public Storage REIT |
70,000 | 70,113 | ||||||
QNB Finance Ltd (Qatar) |
280,000 | 297,322 | ||||||
SBA Tower Trust REIT |
||||||||
1.631% due 05/15/51 ~ |
70,000 | 69,906 | ||||||
1.884% due 07/15/50 ~ |
70,000 | 70,952 | ||||||
2.836% due 01/15/50 ~ |
230,000 | 238,466 | ||||||
3.448% due 03/15/48 ~ |
320,000 | 324,302 | ||||||
Simon Property Group LP REIT |
||||||||
2.000% due 09/13/24 |
65,000 | 67,299 | ||||||
3.375% due 10/01/24 |
225,000 | 240,894 | ||||||
Standard Chartered PLC (United Kingdom) |
390,000 | 404,274 | ||||||
Swedbank AB (Sweden) |
355,000 | 360,249 | ||||||
Synchrony Financial |
||||||||
2.850% due 07/25/22 |
801,000 | 815,656 | ||||||
4.250% due 08/15/24 |
130,000 | 140,528 | ||||||
The Goldman Sachs Group Inc |
||||||||
0.657% due 09/10/24 |
100,000 | 100,034 | ||||||
0.909% (USD LIBOR + 0.780%) |
100,000 | 100,051 | ||||||
3.500% due 04/01/25 |
135,000 | 145,184 | ||||||
The Western Union Co |
240,000 | 251,743 | ||||||
Truist Financial Corp |
100,000 | 100,396 | ||||||
UBS Group AG (Switzerland) |
390,000 | 392,646 | ||||||
UniCredit SPA (Italy) |
240,000 | 243,976 | ||||||
Wells Fargo & Co |
||||||||
1.654% due 06/02/24 |
170,000 | 173,372 | ||||||
2.188% due 04/30/26 |
95,000 | 98,089 | ||||||
4.125% due 08/15/23 |
80,000 | 85,230 | ||||||
|
|
|||||||
14,660,366 | ||||||||
|
|
|||||||
Industrial - 3.0% |
|
|||||||
Avnet Inc |
45,000 | 47,113 | ||||||
Boral Finance Pty Ltd (Australia) |
35,000 | 35,672 | ||||||
Carrier Global Corp |
425,000 | 440,461 | ||||||
CNH Industrial Capital LLC |
475,000 | 475,518 | ||||||
DAE Funding LLC (United Arab Emirates) |
||||||||
1.550% due 08/01/24 ~ |
200,000 | 198,422 | ||||||
5.250% due 11/15/21 ~ |
220,000 | 220,203 | ||||||
Eastern Creation II Investment Holdings Ltd (China) |
400,000 | 399,772 | ||||||
GATX Corp |
75,000 | 80,924 |
Principal |
Value |
|||||||
Martin Marietta Materials Inc |
$ | 55,000 | $ | 55,111 | ||||
SMBC Aviation Capital Finance DAC (Ireland) |
||||||||
3.550% due 04/15/24 ~ |
200,000 | 211,865 | ||||||
4.125% due 07/15/23 ~ |
265,000 | 280,099 | ||||||
Yongda Investment Ltd (China) |
400,000 | 401,942 | ||||||
|
|
|||||||
2,847,102 | ||||||||
|
|
|||||||
Technology - 2.3% |
|
|||||||
Analog Devices Inc |
40,000 | 40,115 | ||||||
CDW LLC |
40,000 | 44,100 | ||||||
Fidelity National Information Services Inc |
||||||||
0.375% due 03/01/23 |
160,000 | 160,127 | ||||||
0.600% due 03/01/24 |
80,000 | 79,906 | ||||||
Fortinet Inc |
95,000 | 93,648 | ||||||
Microchip Technology Inc |
||||||||
0.972% due 02/15/24 ~ |
160,000 | 160,152 | ||||||
0.983% due 09/01/24 ~ |
135,000 | 134,876 | ||||||
2.670% due 09/01/23 |
205,000 | 212,610 | ||||||
Micron Technology Inc |
||||||||
2.497% due 04/24/23 |
550,000 | 566,791 | ||||||
4.640% due 02/06/24 |
120,000 | 130,300 | ||||||
NXP BV (China) |
||||||||
2.700% due 05/01/25 ~ |
40,000 | 41,802 | ||||||
3.875% due 09/01/22 ~ |
200,000 | 205,986 | ||||||
4.625% due 06/01/23 ~ |
200,000 | 212,732 | ||||||
Skyworks Solutions Inc |
45,000 | 45,093 | ||||||
VMware Inc |
90,000 | 90,141 | ||||||
|
|
|||||||
2,218,379 | ||||||||
|
|
|||||||
Utilities - 3.6% |
|
|||||||
Alexander Funding Trust |
120,000 | 122,347 | ||||||
APT Pipelines Ltd (Australia) |
85,000 | 92,500 | ||||||
Edison International |
155,000 | 158,949 | ||||||
Enel Finance International NV (Italy) |
200,000 | 198,957 | ||||||
FirstEnergy Corp |
240,000 | 243,144 | ||||||
Israel Electric Corp Ltd (Israel) |
300,000 | 333,048 | ||||||
NRG Energy Inc |
130,000 | 138,734 | ||||||
Pacific Gas and Electric Co |
||||||||
1.750% due 06/16/22 |
810,000 | 808,788 | ||||||
3.500% due 06/15/25 |
135,000 | 140,860 | ||||||
San Diego Gas & Electric Co |
13,930 | 13,960 | ||||||
Sempra Energy |
25,000 | 25,422 | ||||||
Sinosing Services Pte Ltd (China) |
500,000 | 507,078 | ||||||
The AES Corp |
155,000 | 164,851 | ||||||
Vistra Operations Co LLC |
480,000 | 505,013 | ||||||
|
|
|||||||
3,453,651 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
47,354,299 | |||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-80
PACIFIC FUNDS
PF SHORT DURATION BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
MORTGAGE-BACKED SECURITIES - 19.5% |
|
|||||||
Collateralized Mortgage Obligations - Commercial - 6.6% |
| |||||||
Austin Fairmont Hotel Trust |
$ | 115,000 | $ | 115,120 | ||||
BAMLL Commercial Mortgage Securities Trust |
130,000 | 138,202 | ||||||
Banc of America Commercial Mortgage Trust |
10,714 | 10,731 | ||||||
Bank 2019-BNK 19 |
76,439 | 78,070 | ||||||
Bank 2019-BNK 24 |
90,857 | 92,343 | ||||||
BCP Trust |
70,000 | 69,617 | ||||||
BPR Trust |
105,000 | 105,280 | ||||||
BX Commercial Mortgage Trust |
88,367 | 88,623 | ||||||
1.484% (USD LIBOR + 1.400%) |
100,000 | 100,344 | ||||||
CGDB Commercial Mortgage Trust |
350,000 | 349,610 | ||||||
Commercial Mortgage Trust |
||||||||
3.221% due 10/10/48 |
118,916 | 119,997 | ||||||
3.754% due 02/10/37 ~ § |
120,000 | 121,617 | ||||||
3.926% due 03/10/48 § |
65,000 | 69,661 | ||||||
3.961% due 03/10/47 |
150,000 | 160,163 | ||||||
4.353% due 08/10/30 ~ |
120,000 | 126,221 | ||||||
4.701% due 03/10/47 |
195,000 | 208,666 | ||||||
4.860% due 08/10/47 ~ § |
100,000 | 99,722 | ||||||
CSAIL Commercial Mortgage Trust |
28,805 | 28,886 | ||||||
2.360% due 06/15/52 |
98,319 | 100,404 | ||||||
Extended Stay America Trust |
114,405 | 115,424 | ||||||
Fontainebleau Miami Beach Trust |
330,000 | 346,978 | ||||||
Great Wolf Trust |
145,000 | 144,761 | ||||||
GS Mortgage Securities Corp Trust |
100,000 | 100,249 | ||||||
InTown Hotel Portfolio Trust |
100,000 | 100,135 | ||||||
1.584% (USD LIBOR + 1.500%) |
100,000 | 100,175 | ||||||
JP Morgan Chase Commercial |
380,000 | 379,530 | ||||||
1.684% (USD LIBOR + 1.600%) |
120,000 | 119,641 | ||||||
1.854% (USD LIBOR + 1.770%) |
205,000 | 205,706 | ||||||
2.254% (USD LIBOR + 2.170%) |
165,000 | 165,665 | ||||||
KIND Trust |
130,000 | 130,318 |
Principal |
Value |
|||||||
KKR Industrial Portfolio Trust |
$ | 100,000 | $ | 100,084 | ||||
1.334% (USD LIBOR + 1.250%) |
100,000 | 100,039 | ||||||
Merit 2020-Hill |
188,607 | 189,014 | ||||||
1.784% (USD LIBOR + 1.700%) |
94,303 | 94,580 | ||||||
2.434% (USD LIBOR + 2.350%) |
108,449 | 108,883 | ||||||
MHC Trust |
90,000 | 90,203 | ||||||
Morgan Stanley Capital I Trust |
255,000 | 254,265 | ||||||
3.912% due 09/09/32 ~ |
285,000 | 303,813 | ||||||
New Orleans Hotel Trust |
385,000 | 383,034 | ||||||
Shelter Growth CRE Issuer Ltd (Cayman) |
80,000 | 80,100 | ||||||
SLIDE Fund Trust |
120,869 | 119,781 | ||||||
Wells Fargo Commercial Mortgage Trust |
30,716 | 30,832 | ||||||
WFRBS Commercial Mortgage Trust |
150,000 | 160,247 | ||||||
4.697% due 04/15/45 |
195,000 | 197,187 | ||||||
|
|
|||||||
6,303,921 | ||||||||
|
|
|||||||
Collateralized Mortgage Obligations - Residential - 9.4% |
|
|||||||
Angel Oak Mortgage Trust |
||||||||
0.909% due 01/25/66 ~ § |
159,851 | 159,021 | ||||||
0.985% due 04/25/66 ~ § |
124,682 | 125,199 | ||||||
1.068% due 05/25/66 ~ § |
88,747 | 88,823 | ||||||
1.115% due 01/25/66 ~ § |
45,870 | 45,890 | ||||||
1.261% due 05/25/65 ~ § |
99,923 | 100,271 | ||||||
1.691% due 04/25/65 ~ § |
32,026 | 32,283 | ||||||
Angel Oak Mortgage Trust LLC |
78,543 | 78,974 | ||||||
Bayview MSR Opportunity Master Fund Trust (Cayman) |
136,903 | 140,432 | ||||||
COLT Mortgage Loan Trust |
||||||||
1.167% due 06/25/66 ~ § |
98,327 | 98,329 | ||||||
1.419% due 09/27/66 ~ § |
99,460 | 99,263 | ||||||
1.506% due 04/27/65 ~ § |
39,842 | 39,968 | ||||||
Deephaven Residential Mortgage Trust |
||||||||
0.899% due 04/25/66 ~ § |
92,879 | 92,948 | ||||||
0.973% due 05/25/65 ~ § |
75,970 | 75,919 | ||||||
1.260% due 04/25/66 ~ § |
92,879 | 92,966 | ||||||
2.339% due 01/25/60 ~ § |
68,493 | 68,892 | ||||||
Ellington Financial Mortgage Trust |
||||||||
0.797% due 02/25/66 ~ § |
71,322 | 71,285 | ||||||
0.931% due 06/25/66 ~ § |
91,149 | 91,318 | ||||||
1.291% due 06/25/66 ~ § |
91,149 | 91,317 | ||||||
Fannie Mae Connecticut Avenue Securities |
201,873 | 201,985 | ||||||
1.186% (USD LIBOR + 1.100%) |
304,662 | 301,146 | ||||||
1.286% (USD LIBOR + 1.200%) |
126,162 | 123,139 | ||||||
1.436% (USD LIBOR + 1.350%) |
89,978 | 90,587 | ||||||
Fannie Mae REMICS |
1,831 | 1,840 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-81
PACIFIC FUNDS
PF SHORT DURATION BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Flagstar Mortgage Trust |
$ | 88,442 | $ | 88,464 | ||||
3.500% due 10/25/49 ~ § |
53,445 | 54,649 | ||||||
4.000% due 09/25/48 ~ § |
97,258 | 98,648 | ||||||
Freddie Mac STACR REMIC Trust |
36,343 | 36,368 | ||||||
0.900% (SOFR + 0.850%) |
70,000 | 70,109 | ||||||
1.936% (USD LIBOR + 1.850%) |
177,170 | 178,752 | ||||||
2.150% (SOFR + 2.100%) |
100,000 | 102,154 | ||||||
3.186% (USD LIBOR + 3.100%) |
172,423 | 175,120 | ||||||
Freddie Mac STACR Trust |
39,993 | 40,037 | ||||||
1.036% (USD LIBOR + 0.950%) |
70,000 | 70,060 | ||||||
1.486% (USD LIBOR + 1.400%) |
134,658 | 135,581 | ||||||
Freddie Mac Structured Agency Credit Risk Debt Notes |
20,402 | 20,426 | ||||||
0.850% (SOFR + 0.800%) |
110,025 | 110,209 | ||||||
Freddie Mac Whole Loan Securities Trust |
18,492 | 18,640 | ||||||
Galton Funding Mortgage Trust |
||||||||
2.310% due 01/25/60 ~ § |
33,341 | 33,905 | ||||||
2.832% due 01/25/60 ~ § |
145,000 | 145,175 | ||||||
3.339% due 10/25/59 ~ § |
140,000 | 140,814 | ||||||
3.500% due 11/25/57 ~ § |
37,733 | 38,158 | ||||||
4.000% due 02/25/59 ~ § |
41,086 | 41,508 | ||||||
GS Mortgage-Backed Securities Corp Trust |
79,251 | 79,352 | ||||||
2.500% due 10/25/51 ~ § |
218,657 | 223,645 | ||||||
GS Mortgage-Backed Securities Trust |
3,927 | 3,961 | ||||||
Homeward Opportunities Fund I Trust |
41,377 | 41,681 | ||||||
Hundred Acre Wood Trust |
144,532 | 148,406 | ||||||
Imperial Fund Mortgage Trust |
98,938 | 98,978 | ||||||
Mello Mortgage Capital Acceptance |
110,000 | 112,582 | ||||||
New Residential Mortgage Loan Trust |
||||||||
0.943% due 07/25/55 ~ § |
110,522 | 110,454 | ||||||
1.650% due 05/24/60 ~ § |
50,334 | 50,720 | ||||||
2.464% due 01/26/60 ~ § |
80,765 | 81,523 | ||||||
2.500% due 06/25/51 ~ § |
99,096 | 101,291 | ||||||
2.710% due 11/25/59 ~ § |
141,234 | 143,126 | ||||||
NLT Trust |
||||||||
1.162% due 08/25/56 ~ § |
257,770 | 257,364 | ||||||
1.520% due 08/25/56 ~ § |
104,099 | 103,938 | ||||||
OBX Trust |
74,838 | 74,916 | ||||||
0.986% (USD LIBOR + 0.900%) |
25,340 | 25,452 | ||||||
1.036% (USD LIBOR + 0.950%) |
38,378 | 38,244 | ||||||
1.054% due 07/25/61 ~ § |
98,292 | 98,376 | ||||||
1.072% due 02/25/66 ~ § |
82,508 | 82,465 | ||||||
1.286% (USD LIBOR + 1.200%) |
97,868 | 97,498 | ||||||
2.500% due 05/25/51 ~ § |
157,150 | 159,850 |
Principal |
Value |
|||||||
3.000% due 05/25/60 ~ § |
$ | 50,011 | $ | 50,810 | ||||
3.500% due 12/25/49 ~ § |
40,290 | 41,154 | ||||||
3.500% due 02/25/60 ~ § |
127,365 | 130,773 | ||||||
PSMC Trust |
||||||||
2.500% due 03/25/51 ~ § |
237,366 | 242,342 | ||||||
2.500% due 05/25/51 ~ § |
177,305 | 180,773 | ||||||
Sequoia Mortgage Trust |
||||||||
4.000% due 06/25/48 ~ § |
72,210 | 73,028 | ||||||
4.000% due 08/25/48 ~ § |
63,717 | 64,686 | ||||||
4.500% due 08/25/48 ~ § |
10,619 | 10,815 | ||||||
SG Residential Mortgage Trust |
||||||||
1.381% due 05/25/65 ~ § |
52,243 | 52,441 | ||||||
2.703% due 09/25/59 ~ § |
21,992 | 22,082 | ||||||
2.877% due 09/25/59 ~ § |
270,488 | 271,710 | ||||||
STACR Trust |
110,000 | 110,320 | ||||||
1.336% (USD LIBOR + 1.250%) |
143,172 | 143,435 | ||||||
Starwood Mortgage Residential Trust |
||||||||
0.943% due 05/25/65 ~ § |
86,162 | 86,206 | ||||||
1.162% due 08/25/56 ~ § |
100,000 | 100,330 | ||||||
2.408% due 02/25/50 ~ § |
115,611 | 116,694 | ||||||
2.610% due 09/27/49 ~ § |
28,946 | 29,312 | ||||||
UWM Mortgage Trust |
45,000 | 46,165 | ||||||
Verus Securitization Trust |
||||||||
0.918% due 02/25/64 ~ § |
88,639 | 88,470 | ||||||
1.052% due 01/25/66 ~ § |
73,967 | 73,943 | ||||||
1.977% due 03/25/60 ~ § |
55,841 | 56,298 | ||||||
2.724% due 01/25/60 ~ § |
156,717 | 158,586 | ||||||
3.100% due 11/25/59 ~ § |
156,429 | 158,696 | ||||||
3.117% due 07/25/59 ~ § |
176,115 | 178,085 | ||||||
Vista Point Securitization Trust |
||||||||
1.763% due 03/25/65 ~ § |
86,407 | 86,869 | ||||||
2.496% due 04/25/65 ~ § |
62,478 | 63,087 | ||||||
Wells Fargo Mortgage-Backed Securities Trust |
202,048 | 205,999 | ||||||
ZH Trust |
100,000 | 100,360 | ||||||
|
|
|||||||
8,987,863 | ||||||||
|
|
|||||||
Fannie Mae - 1.7% |
|
|||||||
due 10/01/51 # |
35,000 | 36,090 | ||||||
due 10/01/51 # |
120,000 | 125,573 | ||||||
due 11/01/51 # |
55,000 | 55,054 | ||||||
3.000% due 08/01/32 |
232,709 | 247,677 | ||||||
3.500% due 01/01/48 - 07/01/50 |
123,364 | 131,150 | ||||||
4.500% due 04/01/26 - 01/01/50 |
540,247 | 588,235 | ||||||
5.000% due 09/01/25 - 02/01/49 |
83,882 | 93,065 | ||||||
6.000% due 11/01/35 - 02/01/49 |
267,901 | 319,334 | ||||||
|
|
|||||||
1,596,178 | ||||||||
|
|
|||||||
Freddie Mac - 0.6% |
|
|||||||
2.000% due 01/01/36 - 09/01/36 |
259,119 | 268,391 | ||||||
4.000% due 02/01/50 |
122,277 | 131,906 | ||||||
4.500% due 03/01/49 - 05/01/50 |
75,553 | 82,014 | ||||||
5.000% due 12/01/41 |
63,543 | 70,227 | ||||||
7.000% due 03/01/39 |
26,058 | 29,993 | ||||||
7.500% due 06/01/38 |
26,761 | 30,721 | ||||||
|
|
|||||||
613,252 | ||||||||
|
|
|||||||
Government National Mortgage Association - 1.2% |
|
|||||||
due 11/20/51 # |
167,000 | 175,666 | ||||||
3.500% due 08/20/51 |
164,382 | 174,421 | ||||||
4.000% due 10/20/50 |
259,155 | 276,145 | ||||||
5.000% due 01/20/48 - 05/20/48 |
243,811 | 265,695 | ||||||
5.500% due 09/15/45 - 02/20/49 |
192,088 | 220,807 | ||||||
|
|
|||||||
1,112,734 | ||||||||
|
|
|||||||
Total Mortgage-Backed Securities |
18,613,948 | |||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-82
PACIFIC FUNDS
PF SHORT DURATION BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
ASSET-BACKED SECURITIES - 13.8% |
||||||||
AmeriCredit Automobile Receivables Trust |
||||||||
0.890% due 10/19/26 |
$ | 115,000 | $ | 115,302 | ||||
0.970% due 02/18/26 |
85,000 | 85,605 | ||||||
1.060% due 08/18/26 |
80,000 | 80,595 | ||||||
1.210% due 12/18/26 |
65,000 | 64,766 | ||||||
1.290% due 06/18/27 |
140,000 | 139,925 | ||||||
1.590% due 10/20/25 |
165,000 | 167,852 | ||||||
1.800% due 12/18/25 |
160,000 | 163,405 | ||||||
2.690% due 06/19/23 |
35,038 | 35,171 | ||||||
Applebees Funding LLC |
148,500 | 151,751 | ||||||
Arbor Realty Commercial Real Estate Notes Ltd 1.155% (USD LIBOR + 1.070%) |
150,000 | 150,525 | ||||||
ARI Fleet Lease Trust |
190,000 | 193,549 | ||||||
Avis Budget Rental Car Funding AESOP LLC |
||||||||
2.330% due 08/20/26 ~ |
125,000 | 130,158 | ||||||
2.650% due 03/20/26 ~ |
425,000 | 442,315 | ||||||
3.330% due 03/20/24 ~ |
260,000 | 267,581 | ||||||
3.700% due 03/20/23 ~ |
100,000 | 100,803 | ||||||
4.530% due 03/20/23 ~ |
130,000 | 131,157 | ||||||
4.950% due 03/20/25 ~ |
100,000 | 107,772 | ||||||
Bayview Mortgage Fund IVc Trust |
87,462 | 88,441 | ||||||
Bayview Opportunity Master Fund IVb Trust |
54,556 | 55,626 | ||||||
BRE Grand Islander Timeshare Issuer LLC |
220,598 | 230,389 | ||||||
Capital Auto Receivables Asset Trust |
122,350 | 122,815 | ||||||
CarMax Auto Owner Trust |
105,000 | 108,192 | ||||||
CBAM Ltd (Cayman) |
760,000 | 760,990 | ||||||
Cedar Funding XIV CLO Ltd (Cayman) |
255,000 | 255,023 | ||||||
CIFC Funding Ltd (Cayman) |
500,000 | 500,375 | ||||||
1.484% (USD LIBOR + 1.350%) |
255,000 | 255,382 | ||||||
CNH Equipment Trust |
94,208 | 95,387 | ||||||
Daimler Trucks Retail Trust |
265,000 | 266,879 | ||||||
Dryden 86 CLO Ltd (Cayman) |
250,000 | 250,312 | ||||||
Elara HGV Timeshare Issuer LLC |
31,612 | 32,434 | ||||||
2.730% due 04/25/28 ~ |
92,199 | 93,760 | ||||||
Ford Credit Auto Owner Trust |
115,000 | 115,428 | ||||||
2.040% due 12/15/26 |
185,000 | 190,720 | ||||||
GM Financial Automobile Leasing Trust |
95,000 | 97,703 | ||||||
GM Financial Consumer Automobile Receivables Trust |
85,000 | 85,268 | ||||||
Hilton Grand Vacations Trust |
53,588 | 54,781 | ||||||
2.960% due 12/26/28 ~ |
22,328 | 22,758 | ||||||
Hyundai Auto Receivables Trust |
150,000 | 152,770 | ||||||
2.940% due 05/15/25 |
165,000 | 170,071 |
Principal |
Value |
|||||||
Madison Park Funding Ltd (Cayman) |
$ | 250,000 | $ | 250,026 | ||||
Metlife Securitization Trust |
61,174 | 62,848 | ||||||
MF1 Ltd (Cayman) |
110,000 | 110,433 | ||||||
Mill City Mortgage Loan Trust |
5,775 | 5,796 | ||||||
MMAF Equipment Finance LLC |
20,959 | 20,998 | ||||||
MVW LLC |
70,974 | 72,495 | ||||||
MVW Owner Trust |
184,993 | 188,633 | ||||||
2.890% due 11/20/36 ~ |
187,741 | 193,250 | ||||||
Navient Private Education Refi Loan Trust |
||||||||
0.940% due 07/15/69 ~ |
128,371 | 128,253 | ||||||
1.170% due 09/16/69 ~ |
52,398 | 52,697 | ||||||
1.220% due 07/15/69 ~ |
177,844 | 178,955 | ||||||
2.400% due 10/15/68 ~ |
81,872 | 83,468 | ||||||
2.460% due 11/15/68 ~ |
195,000 | 201,786 | ||||||
2.640% due 05/15/68 ~ |
276,174 | 281,740 | ||||||
Navistar Financial Dealer Note Master Trust |
190,000 | 191,047 | ||||||
1.436% (USD LIBOR + 1.350%) |
180,000 | 181,437 | ||||||
Neuberger Berman Loan Advisers CLO 38 Ltd (Cayman) |
250,000 | 250,123 | ||||||
OCP CLO Ltd (Cayman) |
415,000 | 415,518 | ||||||
1.666% (USD LIBOR + 1.550%) |
250,000 | 250,008 | ||||||
Planet Fitness Master Issuer LLC |
194,000 | 194,857 | ||||||
Santander Drive Auto Receivables Trust |
125,000 | 125,878 | ||||||
Santander Retail Auto Lease Trust |
||||||||
1.140% due 03/20/26 ~ |
255,000 | 254,735 | ||||||
2.520% due 11/20/24 ~ |
165,000 | 169,198 | ||||||
2.880% due 06/20/24 ~ |
410,000 | 419,540 | ||||||
Sierra Timeshare Conduit Receivables Funding LLC |
298,642 | 300,709 | ||||||
Sierra Timeshare Receivables Funding LLC |
||||||||
1.340% due 11/20/37 ~ |
73,487 | 73,527 | ||||||
2.430% due 10/20/33 ~ |
22,752 | 22,770 | ||||||
3.510% due 07/20/37 ~ |
71,375 | 73,328 | ||||||
SLM Student Loan Trust |
89,890 | 88,533 | ||||||
SMB Private Education Loan Trust |
9,867 | 9,879 | ||||||
1.290% due 07/15/53 ~ |
93,845 | 94,271 | ||||||
1.584% (USD LIBOR + 1.500%) |
214,597 | 216,514 | ||||||
1.600% due 09/15/54 ~ |
531,398 | 537,840 | ||||||
3.600% due 01/15/37 ~ |
99,187 | 104,704 | ||||||
Towd Point Mortgage Trust |
||||||||
2.250% due 07/25/56 ~ § |
13,500 | 13,592 | ||||||
2.750% due 02/25/55 ~ § |
770 | 771 | ||||||
2.750% due 08/25/55 ~ § |
10,370 | 10,431 | ||||||
2.750% due 10/25/56 ~ § |
20,435 | 20,721 | ||||||
2.750% due 04/25/57 ~ § |
44,924 | 45,522 | ||||||
3.750% due 05/25/58 ~ § |
69,150 | 72,438 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-83
PACIFIC FUNDS
PF SHORT DURATION BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Volvo Financial Equipment LLC |
$ | 265,000 | $ | 265,883 | ||||
World Omni Auto Receivables Trust |
120,000 | 121,832 | ||||||
World Omni Select Auto Trust |
125,000 | 125,246 | ||||||
1.250% due 10/15/26 |
140,000 | 141,252 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
13,157,218 | |||||||
|
|
|||||||
U.S. TREASURY OBLIGATIONS - 15.4% |
|
|||||||
U.S. Treasury Notes - 15.4% |
|
|||||||
0.125% due 11/30/22 |
375,000 | 375,015 | ||||||
0.125% due 12/31/22 |
575,000 | 574,933 | ||||||
0.125% due 01/31/23 |
475,000 | 474,852 | ||||||
0.125% due 03/31/23 |
1,465,000 | 1,463,855 | ||||||
0.125% due 04/30/23 |
3,900,000 | 3,895,506 | ||||||
0.125% due 05/31/23 |
770,000 | 768,827 | ||||||
0.125% due 06/30/23 |
1,445,000 | 1,442,629 | ||||||
0.125% due 07/31/23 |
1,685,000 | 1,681,544 | ||||||
0.125% due 08/31/23 |
3,610,000 | 3,600,693 | ||||||
0.250% due 09/30/23 |
240,000 | 239,826 | ||||||
0.375% due 08/15/24 |
250,000 | 249,141 | ||||||
|
|
|||||||
Total U.S. Treasury Obligations |
14,766,821 | |||||||
|
|
|||||||
MUNICIPAL BONDS - 0.8% |
|
|||||||
Chicago Transit Authority Sales Tax Receipts Fund |
10,000 | 10,142 | ||||||
1.838% due 12/01/23 |
10,000 | 10,229 | ||||||
2.064% due 12/01/24 |
25,000 | 25,782 | ||||||
City of Houston TX Airport System Revenue |
15,000 | 15,074 | ||||||
1.054% due 07/01/23 |
30,000 | 30,317 | ||||||
1.272% due 07/01/24 |
95,000 | 96,473 | ||||||
Dallas Fort Worth International Airport |
50,000 | 50,570 | ||||||
Long Island Power Authority |
75,000 | 75,168 | ||||||
State Board of Administration Finance Corp 1.258% due 07/01/25 |
325,000 | 328,624 |
Principal |
Value |
|||||||
State of Connecticut |
$ | 55,000 | $ | 56,905 | ||||
2.000% due 07/01/23 |
20,000 | 20,543 | ||||||
2.098% due 07/01/25 |
35,000 | 36,455 | ||||||
|
|
|||||||
Total Municipal Bonds |
756,282 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENTS - 1.4% |
||||||||
Corporate Notes - 0.3% |
|
|||||||
Pacific Gas and Electric Co |
295,000 | 295,127 | ||||||
|
|
|||||||
Shares |
||||||||
Money Market Fund - 1.1% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio |
||||||||
Institutional 0.010% |
1,058,753 | 1,058,753 | ||||||
|
|
|||||||
Total Short-Term Investments |
1,353,880 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.4% |
|
96,002,448 | ||||||
|
|
|||||||
DERIVATIVES - 0.0% |
|
30,851 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.4%) |
|
(429,341 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$95,603,958 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Corporate Bonds & Notes |
49.5% | |||
Mortgage-Backed Securities |
19.5% | |||
U.S. Treasury Obligations |
15.4% | |||
Asset-Backed Securities |
13.8% | |||
Others (each less than 3.0%) |
2.2% | |||
|
|
|||
100.4% | ||||
Derivatives |
0.0% | |||
Other Assets & Liabilities, Net |
(0.4% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Open futures contracts outstanding as of September 30, 2021 were as follows: |
Long Futures Outstanding | Expiration Month |
Number of Contracts |
Notional Amount |
Value | Unrealized Appreciation (Depreciation) |
|||||||||||||||
U.S. Treasury 2-Year Notes |
12/21 | 61 | $13,432,001 | $13,423,336 | ($8,665 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Short Futures Outstanding |
||||||||||||||||||||
U.S. Treasury 5-Year Notes |
12/21 | 23 | 2,843,522 | 2,823,070 | 20,452 | |||||||||||||||
U.S. Treasury 10-Year Notes |
12/21 | 9 | 1,200,691 | 1,184,485 | 16,206 | |||||||||||||||
U.S. Treasury Ultra 10-Year Notes |
12/21 | 1 | 148,108 | 145,250 | 2,858 | |||||||||||||||
|
|
|||||||||||||||||||
39,516 | ||||||||||||||||||||
|
|
|||||||||||||||||||
Total Futures Contracts |
$30,851 | |||||||||||||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-84
PACIFIC FUNDS
PF SHORT DURATION BOND FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(c) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Corporate Bonds & Notes |
$47,354,299 | $ | $47,354,299 | $ | |||||||||||||
Mortgage-Backed Securities |
18,613,948 | | 18,613,948 | | ||||||||||||||
Asset-Backed Securities |
13,157,218 | | 13,157,218 | | ||||||||||||||
U.S. Treasury Obligations |
14,766,821 | | 14,766,821 | | ||||||||||||||
Municipal Bonds |
756,282 | | 756,282 | | ||||||||||||||
Short-Term Investments |
1,353,880 | 1,058,753 | 295,127 | | ||||||||||||||
Derivatives: |
||||||||||||||||||
Interest Rate Contracts |
||||||||||||||||||
Futures |
39,516 | 39,516 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Assets |
96,041,964 | 1,098,269 | 94,943,695 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Liabilities |
Derivatives: |
|||||||||||||||||
Interest Rate Contracts |
||||||||||||||||||
Futures |
(8,665 | ) | (8,665 | ) | | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities |
(8,665 | ) | (8,665 | ) | | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$96,033,299 | $1,089,604 | $94,943,695 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-85
PACIFIC FUNDS
PF EMERGING MARKETS DEBT FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CORPORATE BONDS & NOTES - 28.5% |
|
|||||||
Azerbaijan - 0.5% |
|
|||||||
Southern Gas Corridor CJSC |
$237,000 | $279,845 | ||||||
|
|
|||||||
Bahrain - 0.7% |
|
|||||||
BBK BSC |
200,000 | 208,541 | ||||||
The Oil and Gas Holding Co BSCC |
200,000 | 231,148 | ||||||
|
|
|||||||
439,689 | ||||||||
|
|
|||||||
Brazil - 6.0% |
|
|||||||
Braskem America Finance Co |
200,000 | 258,750 | ||||||
Braskem Netherlands Finance BV |
||||||||
5.875% due 01/31/50 ~ |
200,000 | 227,750 | ||||||
8.500% due 01/23/81 ~ |
280,000 | 320,950 | ||||||
CSN Inova Ventures |
200,000 | 213,310 | ||||||
JSM Global SARL |
200,000 | 203,752 | ||||||
Klabin Austria GmbH |
200,000 | 242,258 | ||||||
Movida Europe SA |
200,000 | 194,325 | ||||||
NBM US Holdings Inc |
||||||||
7.000% due 05/14/26 ~ |
210,000 | 223,702 | ||||||
Petrobras Global Finance BV |
||||||||
5.093% due 01/15/30 |
150,000 | 158,779 | ||||||
5.500% due 06/10/51 |
100,000 | 93,225 | ||||||
6.850% due 06/05/15 |
180,000 | 185,939 | ||||||
Rede Dor Finance SARL |
164,000 | 163,541 | ||||||
Simpar Europe SA |
200,000 | 199,840 | ||||||
Suzano Austria GmbH |
200,000 | 262,506 | ||||||
Vale Overseas Ltd |
||||||||
6.875% due 11/21/36 |
165,000 | 220,069 | ||||||
6.875% due 11/10/39 |
175,000 | 236,994 | ||||||
Votorantim Cimentos International SA |
200,000 | 272,457 | ||||||
|
|
|||||||
3,678,147 | ||||||||
|
|
|||||||
Chile - 1.1% |
|
|||||||
Corp Nacional del Cobre de Chile |
200,000 | 260,240 | ||||||
Empresa de Transporte de Pasajeros Metro SA 4.700% due 05/07/50 ~ |
200,000 | 235,250 | ||||||
Empresa Nacional del Petroleo |
200,000 | 201,486 | ||||||
|
|
|||||||
696,976 | ||||||||
|
|
|||||||
China - 1.2% |
|
|||||||
Central China Real Estate Ltd |
200,000 | 126,000 | ||||||
China Evergrande Group |
200,000 | 48,000 | ||||||
Kaisa Group Holdings Ltd |
200,000 | 166,242 | ||||||
Scenery Journey Ltd |
200,000 | 35,500 | ||||||
Sinopec Group Overseas Development 2018 Ltd 3.350% due 05/13/50 ~ |
200,000 | 204,649 |
Principal |
Value |
|||||||
Sunac China Holdings Ltd |
$225,000 | $186,066 | ||||||
|
|
|||||||
766,457 | ||||||||
|
|
|||||||
Colombia - 1.1% |
|
|||||||
Ecopetrol SA |
45,000 | 52,729 | ||||||
Empresas Publicas de Medellin ESP |
COP 151,000,000 | 37,649 | ||||||
Grupo Aval Ltd |
$200,000 | 197,850 | ||||||
Millicom International Cellular SA |
180,000 | 187,425 | ||||||
Oleoducto Central SA |
205,000 | 211,406 | ||||||
|
|
|||||||
687,059 | ||||||||
|
|
|||||||
India - 1.3% |
|
|||||||
Bharti Airtel Ltd |
200,000 | 214,991 | ||||||
Greenko Solar Mauritius Ltd |
200,000 | 204,632 | ||||||
Network i2i Ltd |
200,000 | 201,750 | ||||||
Vedanta Resources Ltd |
200,000 | 179,842 | ||||||
|
|
|||||||
801,215 | ||||||||
|
|
|||||||
Indonesia - 1.3% |
|
|||||||
P.T. Indonesia Asahan Aluminium Persero |
||||||||
5.450% due 05/15/30 ~ |
200,000 | 230,250 | ||||||
6.757% due 11/15/48 ~ |
250,000 | 321,887 | ||||||
P.T. Perusahaan Listrik Negara |
202,000 | 249,824 | ||||||
|
|
|||||||
801,961 | ||||||||
|
|
|||||||
Israel - 0.9% |
|
|||||||
Leviathan Bond Ltd |
100,000 | 111,045 | ||||||
Teva Pharmaceutical Finance Netherlands III BV |
400,000 | 457,500 | ||||||
|
|
|||||||
568,545 | ||||||||
|
|
|||||||
Jamaica - 0.1% |
|
|||||||
Digicel International Finance Ltd |
||||||||
8.000% due 12/31/26 ~ |
38,669 | 37,582 | ||||||
8.750% due 05/25/24 ~ |
25,528 | 26,460 | ||||||
|
|
|||||||
64,042 | ||||||||
|
|
|||||||
Kazakhstan - 1.5% |
|
|||||||
Development Bank of Kazakhstan JSC |
220,000 | 228,103 | ||||||
Kazakhstan Temir Zholy Finance BV |
300,000 | 412,914 | ||||||
KazMunayGas National Co JSC |
200,000 | 257,710 | ||||||
|
|
|||||||
898,727 | ||||||||
|
|
|||||||
Luxembourg - 0.3% |
|
|||||||
Altice Financing SA |
200,000 | 194,000 | ||||||
|
|
|||||||
Malaysia - 0.9% |
|
|||||||
Petronas Capital Ltd |
||||||||
3.404% due 04/28/61 ~ |
200,000 | 201,971 | ||||||
4.550% due 04/21/50 ~ |
291,000 | 357,564 | ||||||
|
|
|||||||
559,535 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-86
PACIFIC FUNDS
PF EMERGING MARKETS DEBT FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Mexico - 3.9% |
|
|||||||
Alfa SAB de CV |
$200,000 | $266,250 | ||||||
Axtel SAB de CV |
174,000 | 178,132 | ||||||
BBVA Bancomer SA |
200,000 | 208,779 | ||||||
Comision Federal de Electricidad |
||||||||
4.875% due 01/15/24 ~ |
200,000 | 216,409 | ||||||
5.750% due 02/14/42 ~ |
200,000 | 219,502 | ||||||
8.180% due 12/23/27 ~ |
MXN 950,000 | 43,817 | ||||||
Petroleos Mexicanos |
||||||||
6.350% due 02/12/48 |
$108,000 | 91,422 | ||||||
6.750% due 09/21/47 |
348,000 | 304,048 | ||||||
6.950% due 01/28/60 |
299,000 | 261,704 | ||||||
7.190% due 09/12/24 ~ |
MXN 1,670,000 | 77,285 | ||||||
7.690% due 01/23/50 |
$350,000 | 331,893 | ||||||
Trust Fibra Uno REIT |
200,000 | 236,627 | ||||||
|
|
|||||||
2,435,868 | ||||||||
|
|
|||||||
Morocco - 0.4% |
|
|||||||
OCP SA |
200,000 | 242,986 | ||||||
|
|
|||||||
Oman - 0.3% |
|
|||||||
Bank Muscat SAOG |
200,000 | 206,431 | ||||||
|
|
|||||||
Pakistan - 0.3% |
|
|||||||
The Third Pakistan International Sukuk Co Ltd |
200,000 | 204,942 | ||||||
|
|
|||||||
Panama - 1.4% |
|
|||||||
AES Panama Generation Holdings SRL |
200,000 | 206,450 | ||||||
C&W Senior Financing DAC |
||||||||
6.875% due 09/15/27 ~ |
400,000 | 421,000 | ||||||
7.500% due 10/15/26 ~ |
200,000 | 207,672 | ||||||
|
|
|||||||
835,122 | ||||||||
|
|
|||||||
Peru - 0.7% |
|
|||||||
InRetail Shopping Malls |
40,000 | 41,822 | ||||||
Petroleos del Peru SA |
400,000 | 400,236 | ||||||
|
|
|||||||
442,058 | ||||||||
|
|
|||||||
Qatar - 0.4% |
|
|||||||
Qatar Petroleum |
210,000 | 210,300 | ||||||
|
|
|||||||
Saudi Arabia - 0.7% |
|
|||||||
Acwa Power Management And Investments One Ltd |
199,786 | 241,741 | ||||||
Arabian Centres Sukuk Ltd |
200,000 | 207,713 | ||||||
|
|
|||||||
449,454 | ||||||||
|
|
Principal |
Value |
|||||||
Singapore - 0.3% |
|
|||||||
Puma International Financing SA |
$200,000 | $200,881 | ||||||
|
|
|||||||
South Africa - 0.3% |
|
|||||||
Eskom Holdings SOC Ltd |
200,000 | 208,862 | ||||||
|
|
|||||||
Ukraine - 0.7% |
|
|||||||
Metinvest BV |
200,000 | 217,348 | ||||||
VF Ukraine PAT via VFU Funding PLC |
200,000 | 207,816 | ||||||
|
|
|||||||
425,164 | ||||||||
|
|
|||||||
United Kingdom - 0.4% |
|
|||||||
Standard Chartered Bank |
||||||||
6.625% due 05/18/33 ~ |
IDR 270,000,000 | 18,959 | ||||||
8.125% due 05/17/24 ~ |
369,000,000 | 28,147 | ||||||
8.250% due 05/19/36 ~ |
980,000,000 | 76,620 | ||||||
8.375% due 03/17/34 ~ |
810,000,000 | 64,177 | ||||||
9.000% due 03/20/29 ~ |
311,000,000 | 25,423 | ||||||
11.000% due 09/17/25 ~ |
432,000,000 | 36,622 | ||||||
|
|
|||||||
249,948 | ||||||||
|
|
|||||||
United States - 0.7% |
|
|||||||
JBS USA Food Co |
$200,000 | 210,376 | ||||||
JPMorgan Chase Bank NA |
IDR 2,854,000,000 | 213,750 | ||||||
|
|
|||||||
424,126 | ||||||||
|
|
|||||||
Venezuela - 0.8% |
|
|||||||
Petroleos de Venezuela SA |
||||||||
5.375% due 04/12/27 * ~ y |
$113,000 | 6,780 | ||||||
8.500% due 10/27/21 * ~ y |
1,460,500 | 412,591 | ||||||
9.000% due 11/17/21 * ~ y |
239,354 | 14,361 | ||||||
9.750% due 05/17/35 * ~ y |
306,278 | 18,377 | ||||||
12.750% due 02/17/22 * ~ y |
117,000 | 7,020 | ||||||
|
|
|||||||
459,129 | ||||||||
|
|
|||||||
Zambia - 0.3% |
|
|||||||
First Quantum Minerals Ltd |
200,000 | 208,250 | ||||||
|
|
|||||||
Total Corporate Bonds & Notes |
17,639,719 | |||||||
|
|
|||||||
FOREIGN GOVERNMENT BONDS & NOTES - 67.4% |
|
|||||||
Angola - 1.0% |
|
|||||||
Angolan Government International |
||||||||
8.250% due 05/09/28 ~ |
200,000 | 207,790 | ||||||
9.125% due 11/26/49 ~ |
200,000 | 203,884 | ||||||
9.375% due 05/08/48 ~ |
200,000 | 207,056 | ||||||
|
|
|||||||
618,730 | ||||||||
|
|
|||||||
Argentina - 1.8% |
|
|||||||
Argentine Republic Government International |
||||||||
0.500% due 07/09/30 |
1,436,518 | 530,391 | ||||||
1.000% due 07/09/29 |
134,357 | 51,393 | ||||||
1.125% due 07/09/35 |
1,058,698 | 348,905 | ||||||
2.000% due 01/09/38 |
188,127 | 73,424 | ||||||
2.500% due 07/09/41 |
379,217 | 140,033 | ||||||
|
|
|||||||
1,144,146 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-87
PACIFIC FUNDS
PF EMERGING MARKETS DEBT FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Belarus - 0.3% |
|
|||||||
Republic of Belarus International |
$200,000 | $198,304 | ||||||
|
|
|||||||
Brazil - 6.6% |
|
|||||||
Brazil Letras do Tesouro Nacional |
||||||||
9.526% due 07/01/23 |
BRL 6,949,000 | 1,088,134 | ||||||
9.940% due 01/01/24 |
8,380,000 | 1,242,759 | ||||||
Brazil Notas do Tesouro Nacional F |
||||||||
10.000% due 01/01/27 |
3,515,000 | 631,413 | ||||||
10.000% due 01/01/29 |
1,710,000 | 301,666 | ||||||
10.000% due 01/01/31 |
1,570,000 | 271,019 | ||||||
Brazilian Government International |
||||||||
5.000% due 01/27/45 |
$200,000 | 187,144 | ||||||
7.125% due 01/20/37 |
160,000 | 193,045 | ||||||
8.250% due 01/20/34 |
110,000 | 146,958 | ||||||
|
|
|||||||
4,062,138 | ||||||||
|
|
|||||||
Chile - 0.9% |
|
|||||||
Bonos de la Tesoreria de la Republica en pesos 5.000% due 10/01/28 ~ |
CLP 125,000,000 | 150,527 | ||||||
Chile Government International |
||||||||
3.100% due 05/07/41 |
$200,000 | 193,404 | ||||||
3.500% due 01/25/50 |
234,000 | 234,380 | ||||||
|
|
|||||||
578,311 | ||||||||
|
|
|||||||
China - 0.5% |
|
|||||||
China Government |
||||||||
2.680% due 05/21/30 |
CNY 1,520,000 | 229,663 | ||||||
3.720% due 04/12/51 |
630,000 | 103,016 | ||||||
|
|
|||||||
332,679 | ||||||||
|
|
|||||||
Colombia - 3.1% |
|
|||||||
Colombia Government International |
||||||||
3.875% due 04/25/27 |
$220,000 | 228,441 | ||||||
5.625% due 02/26/44 |
200,000 | 209,178 | ||||||
6.125% due 01/18/41 |
130,000 | 143,189 | ||||||
7.375% due 09/18/37 |
110,000 | 135,681 | ||||||
8.125% due 05/21/24 |
141,000 | 163,145 | ||||||
Colombian TES |
||||||||
4.750% due 02/23/23 ^ |
COP 547,421,019 | 151,360 | ||||||
5.750% due 11/03/27 |
1,135,700,000 | 280,672 | ||||||
6.000% due 04/28/28 |
379,200,000 | 93,741 | ||||||
6.250% due 11/26/25 |
64,600,000 | 17,000 | ||||||
6.250% due 07/09/36 |
137,500,000 | 30,527 | ||||||
7.250% due 10/18/34 |
115,800,000 | 28,891 | ||||||
7.250% due 10/26/50 |
123,800,000 | 28,943 | ||||||
7.500% due 08/26/26 |
870,800,000 | 237,053 | ||||||
10.000% due 07/24/24 |
586,500,000 | 171,976 | ||||||
|
|
|||||||
1,919,797 | ||||||||
|
|
|||||||
Costa Rica - 0.3% |
|
|||||||
Costa Rica Government International |
$200,000 | 178,502 | ||||||
|
|
|||||||
Croatia - 0.4% |
|
|||||||
Croatia Government International |
200,000 | 223,360 | ||||||
|
|
|||||||
Czech Republic - 0.0% |
|
|||||||
Czech Republic Government |
CZK 240,000 | 13,900 | ||||||
|
|
Principal |
Value |
|||||||
Dominican Republic - 3.4% |
|
|||||||
Dominican Republic International |
||||||||
4.875% due 09/23/32 ~ |
$488,000 | $498,985 | ||||||
5.300% due 01/21/41 ~ |
150,000 | 148,726 | ||||||
5.500% due 01/27/25 ~ |
100,000 | 109,501 | ||||||
5.875% due 01/30/60 ~ |
648,000 | 635,694 | ||||||
6.850% due 01/27/45 ~ |
200,000 | 223,752 | ||||||
6.875% due 01/29/26 ~ |
276,000 | 319,473 | ||||||
7.450% due 04/30/44 ~ |
130,000 | 155,384 | ||||||
|
|
|||||||
2,091,515 | ||||||||
|
|
|||||||
Ecuador - 3.5% |
|
|||||||
Ecuador Government International |
||||||||
0.500% due 07/31/40 ~ |
517,534 | 302,439 | ||||||
1.000% due 07/31/35 ~ |
2,293,216 | 1,522,145 | ||||||
5.000% due 07/31/30 ~ |
417,955 | 352,131 | ||||||
|
|
|||||||
2,176,715 | ||||||||
|
|
|||||||
Egypt - 2.9% |
|
|||||||
Egypt Government |
||||||||
14.051% due 07/21/22 |
EGP 397,000 | 25,486 | ||||||
14.138% due 10/20/22 |
242,000 | 15,515 | ||||||
14.313% due 10/13/23 |
348,000 | 22,256 | ||||||
14.483% due 04/06/26 |
2,460,000 | 157,774 | ||||||
14.563% due 07/06/26 |
1,206,000 | 77,475 | ||||||
Egypt Government International |
||||||||
7.600% due 03/01/29 ~ |
$200,000 | 207,812 | ||||||
7.625% due 05/29/32 ~ |
200,000 | 199,965 | ||||||
7.903% due 02/21/48 ~ |
300,000 | 274,875 | ||||||
8.500% due 01/31/47 ~ |
200,000 | 193,746 | ||||||
8.700% due 03/01/49 ~ |
200,000 | 194,797 | ||||||
8.750% due 09/30/51 ~ |
200,000 | 195,678 | ||||||
8.875% due 05/29/50 ~ |
216,000 | 214,566 | ||||||
|
|
|||||||
1,779,945 | ||||||||
|
|
|||||||
El Salvador - 0.7% |
|
|||||||
El Salvador Government International |
||||||||
7.125% due 01/20/50 ~ |
150,000 | 103,877 | ||||||
7.625% due 02/01/41 ~ |
150,000 | 106,502 | ||||||
7.650% due 06/15/35 ~ |
22,000 | 15,950 | ||||||
8.250% due 04/10/32 ~ |
32,000 | 24,006 | ||||||
8.625% due 02/28/29 ~ |
121,000 | 93,171 | ||||||
9.500% due 07/15/52 ~ |
150,000 | 117,564 | ||||||
|
|
|||||||
461,070 | ||||||||
|
|
|||||||
Gabon - 0.3% |
|
|||||||
Gabon Government International |
200,000 | 213,401 | ||||||
|
|
|||||||
Ghana - 0.9% |
|
|||||||
Ghana Government International |
||||||||
8.625% due 04/07/34 ~ |
200,000 | 190,796 | ||||||
8.875% due 05/07/42 ~ |
200,000 | 186,504 | ||||||
8.950% due 03/26/51 ~ |
200,000 | 182,803 | ||||||
|
|
|||||||
560,103 | ||||||||
|
|
|||||||
Hungary - 0.8% |
|
|||||||
Hungary Government |
||||||||
3.000% due 10/27/27 |
HUF 8,450,000 | 27,528 | ||||||
3.000% due 08/21/30 |
35,330,000 | 113,425 | ||||||
6.750% due 10/22/28 |
17,050,000 | 68,418 | ||||||
Hungary Government International |
||||||||
5.375% due 03/25/24 |
$84,000 | 93,341 | ||||||
5.750% due 11/22/23 |
150,000 | 166,031 | ||||||
|
|
|||||||
468,743 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-88
PACIFIC FUNDS
PF EMERGING MARKETS DEBT FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
India - 0.3% |
|
|||||||
Export-Import Bank of India |
$200,000 | $207,867 | ||||||
|
|
|||||||
Indonesia - 5.4% |
|
|||||||
Indonesia Government International |
||||||||
5.125% due 01/15/45 ~ |
200,000 | 242,576 | ||||||
5.950% due 01/08/46 ~ |
200,000 | 271,202 | ||||||
6.625% due 02/17/37 ~ |
130,000 | 177,544 | ||||||
7.750% due 01/17/38 ~ |
130,000 | 193,682 | ||||||
8.500% due 10/12/35 ~ |
100,000 | 156,492 | ||||||
Indonesia Treasury |
||||||||
6.125% due 05/15/28 |
IDR 657,000,000 | 46,891 | ||||||
6.625% due 05/15/33 |
2,222,000,000 | 156,025 | ||||||
7.000% due 05/15/27 |
5,965,000,000 | 447,193 | ||||||
7.000% due 09/15/30 |
3,392,000,000 | 248,964 | ||||||
7.500% due 06/15/35 |
1,438,000,000 | 106,550 | ||||||
7.500% due 05/15/38 |
331,000,000 | 24,127 | ||||||
8.250% due 05/15/29 |
4,841,000,000 | 381,699 | ||||||
8.250% due 05/15/36 |
895,000,000 | 69,974 | ||||||
8.375% due 03/15/24 |
3,096,000,000 | 236,269 | ||||||
8.375% due 09/15/26 |
2,156,000,000 | 171,087 | ||||||
8.375% due 04/15/39 |
2,321,000,000 | 182,599 | ||||||
Perusahaan Penerbit SBSN Indonesia III |
$200,000 | 226,526 | ||||||
|
|
|||||||
3,339,400 | ||||||||
|
|
|||||||
Ivory Coast - 0.9% |
|
|||||||
Ivory Coast Government International |
||||||||
4.875% due 01/30/32 ~ |
EUR 130,000 | 147,062 | ||||||
5.875% due 10/17/31 ~ |
125,000 | 151,388 | ||||||
6.875% due 10/17/40 ~ |
200,000 | 248,189 | ||||||
|
|
|||||||
546,639 | ||||||||
|
|
|||||||
Kenya - 0.4% |
|
|||||||
Kenya Government International |
$200,000 | 221,599 | ||||||
|
|
|||||||
Lebanon - 0.7% |
|
|||||||
Lebanon Government International |
||||||||
5.800% due 04/14/22 * ~ y |
128,000 | 21,440 | ||||||
6.000% due 01/27/23 * ~ y |
35,000 | 5,929 | ||||||
6.100% due 10/04/22 * ~ y |
1,192,000 | 201,520 | ||||||
6.150% due 06/19/22 * y |
249,000 | 41,707 | ||||||
6.375% due 03/09/22 * y |
184,000 | 30,820 | ||||||
6.600% due 11/27/26 * ~ y |
88,000 | 14,940 | ||||||
6.850% due 03/23/27 * ~ y |
157,000 | 26,538 | ||||||
7.000% due 03/23/32 * ~ y |
146,000 | 24,802 | ||||||
7.050% due 11/02/35 * ~ y |
9,000 | 1,527 | ||||||
7.250% due 03/23/37 * ~ y |
92,000 | 17,047 | ||||||
8.250% due 04/12/22 * ~ y |
366,000 | 63,592 | ||||||
|
|
|||||||
449,862 | ||||||||
|
|
|||||||
Malaysia - 0.6% |
|
|||||||
Malaysia Government |
||||||||
3.757% due 05/22/40 |
MYR 35,000 | 7,999 | ||||||
3.828% due 07/05/34 |
523,000 | 123,899 | ||||||
4.065% due 06/15/50 |
268,000 | 61,750 | ||||||
4.232% due 06/30/31 |
57,000 | 14,454 | ||||||
4.254% due 05/31/35 |
300,000 | 74,361 | ||||||
4.893% due 06/08/38 |
211,000 | 55,320 | ||||||
4.921% due 07/06/48 |
66,000 | 17,361 | ||||||
4.935% due 09/30/43 |
28,000 | 7,346 | ||||||
|
|
|||||||
362,490 | ||||||||
|
|
Principal |
Value |
|||||||
Mexico - 2.5% |
|
|||||||
Mexican Bonos |
||||||||
10.000% due 12/05/24 |
MXN 9,640,000 | $512,273 | ||||||
Mexico Government International |
||||||||
2.659% due 05/24/31 |
$200,000 | 193,446 | ||||||
3.750% due 04/19/71 |
200,000 | 173,298 | ||||||
3.771% due 05/24/61 |
400,000 | 355,934 | ||||||
4.750% due 03/08/44 |
42,000 | 44,877 | ||||||
5.550% due 01/21/45 |
75,000 | 87,961 | ||||||
5.750% due 10/12/10 |
82,000 | 93,588 | ||||||
6.050% due 01/11/40 |
50,000 | 61,342 | ||||||
|
|
|||||||
1,522,719 | ||||||||
|
|
|||||||
Mongolia - 0.3% |
|
|||||||
Mongolia Government International |
||||||||
5.625% due 05/01/23 ~ |
200,000 | 210,409 | ||||||
|
|
|||||||
Morocco - 0.4% |
||||||||
Morocco Government International |
200,000 | 225,895 | ||||||
|
|
|||||||
Nigeria - 1.0% |
|
|||||||
Nigeria Government International |
||||||||
7.696% due 02/23/38 ~ |
200,000 | 198,351 | ||||||
8.250% due 09/28/51 ~ |
200,000 | 201,841 | ||||||
9.248% due 01/21/49 ~ |
200,000 | 218,241 | ||||||
|
|
|||||||
618,433 | ||||||||
|
|
|||||||
Oman - 1.4% |
||||||||
Oman Government International |
||||||||
6.000% due 08/01/29 ~ |
250,000 | 263,583 | ||||||
6.500% due 03/08/47 ~ |
400,000 | 389,019 | ||||||
6.750% due 01/17/48 ~ |
200,000 | 198,547 | ||||||
|
|
|||||||
851,149 | ||||||||
|
|
|||||||
Pakistan - 1.2% |
||||||||
Pakistan Government International |
||||||||
6.875% due 12/05/27 ~ |
200,000 | 201,633 | ||||||
7.375% due 04/08/31 ~ |
261,000 | 260,990 | ||||||
8.250% due 04/15/24 ~ |
259,000 | 277,260 | ||||||
|
|
|||||||
739,883 | ||||||||
|
|
|||||||
Panama - 1.1% |
|
|||||||
Panama Government International |
||||||||
4.300% due 04/29/53 |
200,000 | 212,316 | ||||||
6.700% due 01/26/36 |
93,000 | 124,005 | ||||||
8.875% due 09/30/27 |
116,000 | 158,530 | ||||||
9.375% due 04/01/29 |
118,000 | 171,923 | ||||||
|
|
|||||||
666,774 | ||||||||
|
|
|||||||
Paraguay - 0.4% |
|
|||||||
Paraguay Government International |
||||||||
5.400% due 03/30/50 ~ |
200,000 | 230,502 | ||||||
|
|
|||||||
Peru - 1.7% |
|
|||||||
Fondo MIVIVIENDA SA |
||||||||
7.000% due 02/14/24 ~ |
PEN 101,000 | 25,131 | ||||||
Peru Government |
||||||||
5.350% due 08/12/40 |
173,000 | 33,282 | ||||||
5.400% due 08/12/34 |
482,000 | 100,792 | ||||||
Peruvian Government International |
||||||||
2.780% due 12/01/60 |
$119,000 | 100,762 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-89
PACIFIC FUNDS
PF EMERGING MARKETS DEBT FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
3.230% due 07/28/22 |
$49,000 | $40,816 | ||||||
5.625% due 11/18/50 |
84,000 | 114,008 | ||||||
6.900% due 08/12/37 ~ |
PEN 59,000 | 13,679 | ||||||
6.950% due 08/12/31 ~ |
778,000 | 195,422 | ||||||
7.350% due 07/21/25 |
$100,000 | 121,082 | ||||||
8.750% due 11/21/33 |
186,000 | 288,289 | ||||||
|
|
|||||||
1,033,263 | ||||||||
|
|
|||||||
Philippines - 1.3% |
|
|||||||
Philippine Government International |
||||||||
3.950% due 01/20/40 |
200,000 | 218,526 | ||||||
6.375% due 10/23/34 |
110,000 | 152,130 | ||||||
7.750% due 01/14/31 |
170,000 | 245,272 | ||||||
9.500% due 02/02/30 |
126,000 | 195,535 | ||||||
|
|
|||||||
811,463 | ||||||||
|
|
|||||||
Qatar - 1.0% |
|
|||||||
Qatar Government International |
||||||||
3.250% due 06/02/26 ~ |
200,000 | 216,160 | ||||||
4.817% due 03/14/49 ~ |
324,000 | 417,517 | ||||||
|
|
|||||||
633,677 | ||||||||
|
|
|||||||
Romania - 1.8% |
|
|||||||
Romania Government |
||||||||
4.150% due 10/24/30 |
RON 315,000 | 74,094 | ||||||
5.800% due 07/26/27 |
790,000 | 206,126 | ||||||
Romanian Government International |
||||||||
3.000% due 02/14/31 ~ |
$26,000 | 26,581 | ||||||
3.375% due 01/28/50 ~ |
EUR 199,000 | 227,346 | ||||||
3.624% due 05/26/30 ~ |
44,000 | 57,467 | ||||||
4.000% due 02/14/51 ~ |
$234,000 | 234,117 | ||||||
4.375% due 08/22/23 ~ |
174,000 | 185,780 | ||||||
6.125% due 01/22/44 ~ |
20,000 | 26,219 | ||||||
6.750% due 02/07/22 ~ |
104,000 | 106,188 | ||||||
|
|
|||||||
1,143,918 | ||||||||
|
|
|||||||
Russia - 2.8% |
|
|||||||
Russian Federal |
||||||||
6.900% due 05/23/29 |
RUB 18,856,000 | 255,375 | ||||||
7.050% due 01/19/28 |
11,375,000 | 155,628 | ||||||
7.150% due 11/12/25 |
4,742,000 | 65,210 | ||||||
7.250% due 05/10/34 |
1,102,000 | 15,011 | ||||||
7.400% due 07/17/24 |
4,717,000 | 65,301 | ||||||
7.700% due 03/16/39 |
413,000 | 5,864 | ||||||
7.750% due 09/16/26 |
4,364,000 | 61,584 | ||||||
7.950% due 10/07/26 |
2,478,000 | 35,202 | ||||||
8.500% due 09/17/31 |
23,147,000 | 347,695 | ||||||
Russian Foreign |
||||||||
4.250% due 06/23/27 ~ |
$200,000 | 223,118 | ||||||
4.375% due 03/21/29 ~ |
200,000 | 226,858 | ||||||
5.250% due 06/23/47 ~ |
200,000 | 253,870 | ||||||
|
|
|||||||
1,710,716 | ||||||||
|
|
|||||||
Saudi Arabia - 1.7% |
|
|||||||
Saudi Government International |
||||||||
3.750% due 01/21/55 ~ |
258,000 | 269,933 | ||||||
4.500% due 04/22/60 ~ |
200,000 | 239,480 | ||||||
5.000% due 04/17/49 ~ |
223,000 | 278,274 | ||||||
5.250% due 01/16/50 ~ |
200,000 | 259,240 | ||||||
|
|
|||||||
1,046,927 | ||||||||
|
|
|||||||
South Africa - 3.6% |
|
|||||||
Republic of South Africa Government |
||||||||
8.000% due 01/31/30 |
ZAR 5,919,000 | 365,587 |
Principal |
Value |
|||||||
8.250% due 03/31/32 |
ZAR 16,236,619 | $965,098 | ||||||
8.500% due 01/31/37 |
3,441,000 | 191,681 | ||||||
8.875% due 02/28/35 |
2,224,000 | 131,223 | ||||||
9.000% due 01/31/40 |
1,449,000 | 82,339 | ||||||
10.500% due 12/21/26 |
1,175,000 | 87,680 | ||||||
Republic of South Africa Government International |
||||||||
4.300% due 10/12/28 |
$235,000 | 236,799 | ||||||
5.650% due 09/27/47 |
200,000 | 190,708 | ||||||
|
|
|||||||
2,251,115 | ||||||||
|
|
|||||||
Sri Lanka - 0.4% |
|
|||||||
Sri Lanka Government International |
||||||||
7.550% due 03/28/30 ~ |
200,000 | 122,616 | ||||||
7.850% due 03/14/29 ~ |
202,000 | 124,347 | ||||||
|
|
|||||||
246,963 | ||||||||
|
|
|||||||
Thailand - 0.5% |
|
|||||||
Thailand Government |
||||||||
2.000% due 06/17/42 |
THB 2,812,000 | 75,423 | ||||||
2.875% due 06/17/46 |
333,000 | 10,277 | ||||||
3.300% due 06/17/38 |
3,087,000 | 101,610 | ||||||
3.400% due 06/17/36 |
2,099,000 | 69,985 | ||||||
3.600% due 06/17/67 |
1,151,000 | 38,964 | ||||||
|
|
|||||||
296,259 | ||||||||
|
|
|||||||
Turkey - 1.9% |
|
|||||||
Turkey Government |
||||||||
10.500% due 08/11/27 |
TRY 240,000 | 19,957 | ||||||
10.600% due 02/11/26 |
140,000 | 12,382 | ||||||
10.700% due 08/17/22 |
470,000 | 50,102 | ||||||
11.700% due 11/13/30 |
340,000 | 27,891 | ||||||
12.600% due 10/01/25 |
340,000 | 32,650 | ||||||
Turkey Government International |
||||||||
4.875% due 04/16/43 |
$200,000 | 156,090 | ||||||
5.750% due 03/22/24 |
200,000 | 204,966 | ||||||
5.750% due 05/11/47 |
200,000 | 166,333 | ||||||
5.875% due 06/26/31 |
200,000 | 188,169 | ||||||
6.000% due 03/25/27 |
200,000 | 199,905 | ||||||
6.875% due 03/17/36 |
90,000 | 87,637 | ||||||
|
|
|||||||
1,146,082 | ||||||||
|
|
|||||||
Ukraine - 2.6% |
|
|||||||
Ukraine Government |
||||||||
15.840% due 02/26/25 |
UAH 2,580,000 | 105,021 | ||||||
17.000% due 05/11/22 |
397,000 | 15,525 | ||||||
Ukraine Government International |
||||||||
6.876% due 05/21/29 ~ |
$200,000 | 203,267 | ||||||
7.253% due 03/15/33 ~ |
207,000 | 210,265 | ||||||
7.375% due 09/25/32 ~ |
600,000 | 615,768 | ||||||
7.750% due 09/01/23 ~ |
108,000 | 115,695 | ||||||
7.750% due 09/01/25 ~ |
119,000 | 129,548 | ||||||
9.750% due 11/01/28 ~ |
200,000 | 235,149 | ||||||
|
|
|||||||
1,630,238 | ||||||||
|
|
|||||||
United Arab Emirates - 0.7% |
|
|||||||
Abu Dhabi Government International |
||||||||
3.125% due 09/30/49 ~ |
200,000 | 201,284 | ||||||
3.875% due 04/16/50 ~ |
200,000 | 229,015 | ||||||
|
|
|||||||
430,299 | ||||||||
|
|
|||||||
Uruguay - 2.1% |
|
|||||||
Uruguay Government International |
||||||||
3.875% due 07/02/40 ^ |
UYU 5,692,000 | 152,689 | ||||||
4.125% due 11/20/45 |
$80,548 | 94,516 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-90
PACIFIC FUNDS
PF EMERGING MARKETS DEBT FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
4.375% due 12/15/28 ^ |
UYU 2,056,748 | $56,900 | ||||||
4.975% due 04/20/55 |
$210,218 | 263,767 | ||||||
5.100% due 06/18/50 |
150,864 | 192,401 | ||||||
7.625% due 03/21/36 |
92,000 | 137,866 | ||||||
7.875% due 01/15/33 |
91,000 | 134,547 | ||||||
8.250% due 05/21/31 |
UYU 7,872,000 | 187,022 | ||||||
8.500% due 03/15/28 ~ |
2,269,000 | 55,428 | ||||||
Uruguay Monetary Regulation Bill |
||||||||
4.870% due 10/15/21 |
299,000 | 6,961 | ||||||
6.851% due 03/02/22 |
1,044,000 | 23,685 | ||||||
|
|
|||||||
1,305,782 | ||||||||
|
|
|||||||
Venezuela - 0.5% |
|
|||||||
Venezuela Government International |
||||||||
7.750% due 10/13/21 * ~ y |
$85,000 | 8,925 | ||||||
8.250% due 10/13/24 * ~ y |
166,100 | 18,022 | ||||||
9.000% due 05/07/23 * ~ y |
73,000 | 7,957 | ||||||
9.250% due 09/15/27 * y |
252,000 | 27,342 | ||||||
9.250% due 05/07/28 * ~ y |
121,000 | 13,189 | ||||||
11.750% due 10/21/26 * ~ y |
768,700 | 85,710 | ||||||
11.950% due 08/05/31 * ~ y |
1,255,900 | 137,521 | ||||||
12.750% due 08/23/22 * ~ y |
211,000 | 23,421 | ||||||
|
|
|||||||
322,087 | ||||||||
|
|
|||||||
Vietnam - 0.4% |
|
|||||||
Vietnam Government International |
||||||||
4.800% due 11/19/24 ~ |
200,000 | 221,883 | ||||||
|
|
|||||||
Zambia - 0.4% |
|
|||||||
Zambia Government International |
||||||||
8.970% due 07/30/27 * ~ y |
307,000 | 238,292 | ||||||
|
|
|||||||
Total Foreign Government Bonds & Notes |
41,683,944 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENTS - 2.2% |
|
|||||||
Foreign Government Issues - 0.8% |
|
|||||||
Egypt Treasury Bills (Egypt) |
||||||||
10.121% due 11/30/21 |
EGP 1,325,000 | 82,940 | ||||||
11.253% due 02/08/22 |
1,775,000 | 108,674 | ||||||
11.903% due 05/10/22 |
3,450,000 | 204,955 | ||||||
11.958% due 05/24/22 |
825,000 | 48,784 | ||||||
Uruguay Monetary Regulation Bill (Uruguay) |
||||||||
6.255% due 12/03/21 |
UYU 287,000 | 6,624 | ||||||
|
|
|||||||
451,977 | ||||||||
|
|
Shares |
Value |
|||||||
Money Market Fund - 1.4% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio |
||||||||
Institutional 0.010% |
875,396 | $875,396 | ||||||
|
|
|||||||
Total Short-Term Investments |
1,327,373 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 98.1% |
60,651,036 | |||||||
|
|
|||||||
DERIVATIVES - (0.1%) |
(82,156 | ) | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - 2.0% |
|
1,275,935 | ||||||
|
|
|||||||
NET ASSETS - 100.0% |
$61,844,815 | |||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Foreign Government Bonds & Notes |
67.4% | |||
Corporate Bonds & Notes |
28.5% | |||
Others (each less than 3.0%) |
2.2% | |||
|
|
|||
98.1% | ||||
Derivatives |
(0.1% | ) | ||
Other Assets & Liabilities, Net |
2.0% | |||
|
|
|||
100.0% | ||||
|
|
(b) | As of September 30, 2021, the Funds composition by country of risk as a percentage of net assets was as follows: |
Brazil |
12.6% | |||
Indonesia |
6.7% | |||
Mexico |
6.4% | |||
Colombia |
4.2% | |||
South Africa |
3.9% | |||
Egypt |
3.6% | |||
Ecuador |
3.5% | |||
Dominican Republic |
3.4% | |||
Ukraine |
3.3% | |||
Others (each less than 3.0%) |
50.5% | |||
|
|
|||
98.1% | ||||
Derivatives |
(0.1% | ) | ||
Other Assets & Liabilities, Net |
2.0% | |||
|
|
|||
100.0% | ||||
|
|
|||
(c) | Investments with a total aggregate value of $1,552,870 or 2.5% of the Funds net assets were in default as of September 30, 2021. |
(d) | Forward foreign currency contracts outstanding as of September 30, 2021 were as follows: |
Currency Purchased |
Currency Sold |
Settlement Month |
Counterparty | Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||||||||||
BRL | 11,078,324 | USD | 2,073,428 | 10/21 | JPM | $ | ($40,364 | ) | ||||||||||||||||||||||||||||
CLP | 248,062,500 | USD | 315,000 | 10/21 | MSC | | (9,939 | ) | ||||||||||||||||||||||||||||
CNH | 16,556,245 | USD | 2,543,046 | 11/21 | BNP | 16,237 | | |||||||||||||||||||||||||||||
CNH | 3,404,800 | USD | 523,236 | 11/21 | BRC | 3,082 | | |||||||||||||||||||||||||||||
CNH | 3,934,177 | USD | 601,841 | 11/21 | HSB | 6,308 | | |||||||||||||||||||||||||||||
COP | 710,312,400 | USD | 180,000 | 10/21 | BNP | 6,153 | | |||||||||||||||||||||||||||||
COP | 746,265,000 | USD | 195,000 | 10/21 | JPM | 575 | | |||||||||||||||||||||||||||||
CZK | 5,894,427 | USD | 270,023 | 10/21 | BNP | | (842 | ) | ||||||||||||||||||||||||||||
CZK | 5,894,427 | USD | 271,230 | 10/21 | JPM | | (2,048 | ) | ||||||||||||||||||||||||||||
CZK | 7,453,468 | USD | 344,187 | 10/21 | MSC | | (3,809 | ) | ||||||||||||||||||||||||||||
CZK | 18,627,512 | USD | 855,867 | 11/21 | BRC | | (6,379 | ) | ||||||||||||||||||||||||||||
HUF | 38,765,773 | USD | 130,405 | 10/21 | HSB | | (5,587 | ) | ||||||||||||||||||||||||||||
HUF | 194,035,237 | USD | 653,912 | 01/22 | BNP | | (31,334 | ) | ||||||||||||||||||||||||||||
IDR | 1,990,301,500 | USD | 137,000 | 10/21 | DUB | 1,537 | |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-91
PACIFIC FUNDS
PF EMERGING MARKETS DEBT FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Currency Purchased |
Currency Sold |
Settlement Month |
Counterparty | Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||||||||||||
IDR | 1,907,370,000 | USD | 133,150 | 10/21 | JPM | $ | ($92 | ) | ||||||||||||||||||||||||||||||
IDR | 2,365,130,000 | USD | 163,000 | 10/21 | MSC | 1,627 | | |||||||||||||||||||||||||||||||
IDR | 376,090,000 | USD | 26,000 | 10/21 | SCB | 178 | | |||||||||||||||||||||||||||||||
ILS | 729,000 | USD | 226,057 | 11/21 | MER | 189 | | |||||||||||||||||||||||||||||||
INR | 74,620,558 | USD | 993,715 | 11/21 | MER | 4,520 | | |||||||||||||||||||||||||||||||
KRW | 1,500,503,780 | USD | 1,268,339 | 10/21 | HSB | | (1,466 | ) | ||||||||||||||||||||||||||||||
KRW | 341,669,900 | USD | 302,676 | 10/21 | JPM | | (14,205 | ) | ||||||||||||||||||||||||||||||
KRW | 1,512,823,120 | USD | 1,279,202 | 10/21 | SCB | | (2,344 | ) | ||||||||||||||||||||||||||||||
MXN | 1,687,640 | USD | 83,654 | 10/21 | BNP | | (2,243 | ) | ||||||||||||||||||||||||||||||
MXN | 16,738,445 | USD | 819,367 | 10/21 | BRC | | (11,913 | ) | ||||||||||||||||||||||||||||||
MXN | 3,934,531 | USD | 196,700 | 10/21 | BSC | | (6,900 | ) | ||||||||||||||||||||||||||||||
MXN | 2,764,614 | USD | 138,300 | 10/21 | JPM | | (4,936 | ) | ||||||||||||||||||||||||||||||
MXN | 3,948,662 | USD | 195,860 | 10/21 | MER | | (5,378 | ) | ||||||||||||||||||||||||||||||
MXN | 5,665,999 | USD | 282,492 | 10/21 | MSC | | (9,167 | ) | ||||||||||||||||||||||||||||||
MYR | 1,030,799 | USD | 246,020 | 10/21 | HSB | | (311 | ) | ||||||||||||||||||||||||||||||
PEN | 788,166 | USD | 193,000 | 10/21 | CSF | | (2,500 | ) | ||||||||||||||||||||||||||||||
PEN | 102,000 | USD | 25,000 | 10/21 | DUB | | (347 | ) | ||||||||||||||||||||||||||||||
PEN | 296,389 | USD | 74,991 | 10/21 | MER | | (3,354 | ) | ||||||||||||||||||||||||||||||
PHP | 14,017,742 | USD | 277,354 | 10/21 | SCB | | (3,717 | ) | ||||||||||||||||||||||||||||||
PLN | 3,081,694 | USD | 787,394 | 10/21 | HSB | | (12,602 | ) | ||||||||||||||||||||||||||||||
PLN | 2,788,182 | USD | 718,852 | 10/21 | JPM | | (17,853 | ) | ||||||||||||||||||||||||||||||
PLN | 1,069,326 | USD | 271,135 | 10/21 | MSC | | (2,287 | ) | ||||||||||||||||||||||||||||||
RON | 1,241,028 | USD | 294,833 | 10/21 | BNP | | (4,799 | ) | ||||||||||||||||||||||||||||||
RUB | 42,054,124 | USD | 555,836 | 10/21 | BNP | 19,499 | | |||||||||||||||||||||||||||||||
RUB | 19,162,800 | USD | 256,735 | 10/21 | DUB | 5,428 | | |||||||||||||||||||||||||||||||
RUB | 21,252,520 | USD | 291,300 | 10/21 | HSB | | (548 | ) | ||||||||||||||||||||||||||||||
RUB | 42,054,124 | USD | 555,341 | 10/21 | HSB | 19,994 | | |||||||||||||||||||||||||||||||
RUB | 95,297,490 | USD | 1,292,657 | 10/21 | MSC | 11,091 | | |||||||||||||||||||||||||||||||
RUB | 6,282,235 | USD | 84,670 | 11/21 | MER | 783 | | |||||||||||||||||||||||||||||||
SGD | 1,384,289 | USD | 1,018,178 | 11/21 | ANZ | 1,196 | | |||||||||||||||||||||||||||||||
THB | 26,642,274 | USD | 807,280 | 10/21 | BRC | | (20,026 | ) | ||||||||||||||||||||||||||||||
THB | 4,645,000 | USD | 139,469 | 11/21 | DUB | | (2,239 | ) | ||||||||||||||||||||||||||||||
THB | 7,931,567 | USD | 238,561 | 01/22 | DUB | | (4,278 | ) | ||||||||||||||||||||||||||||||
TRY | 2,699,320 | USD | 311,577 | 10/21 | BRC | | (12,436 | ) | ||||||||||||||||||||||||||||||
TRY | 132,000 | USD | 15,288 | 10/21 | HSB | | (660 | ) | ||||||||||||||||||||||||||||||
TRY | 2,699,320 | USD | 306,339 | 10/21 | MSC | | (7,198 | ) | ||||||||||||||||||||||||||||||
TWD | 23,051,318 | USD | 839,298 | 12/21 | BRC | | (7,334 | ) | ||||||||||||||||||||||||||||||
USD | 425,000 | BRL | 2,269,407 | 10/21 | CSF | 8,525 | | |||||||||||||||||||||||||||||||
USD | 67,000 | BRL | 353,539 | 10/21 | DUB | 2,119 | | |||||||||||||||||||||||||||||||
USD | 1,327,329 | BRL | 6,993,099 | 10/21 | JPM | 43,975 | | |||||||||||||||||||||||||||||||
USD | 278,000 | BRL | 1,462,280 | 10/21 | SCB | 9,646 | | |||||||||||||||||||||||||||||||
USD | 2,063,963 | BRL | 11,078,324 | 11/21 | JPM | 40,376 | | |||||||||||||||||||||||||||||||
USD | 42,721 | CLP | 32,545,619 | 10/21 | CSF | 2,697 | | |||||||||||||||||||||||||||||||
USD | 284,000 | CNH | 1,858,510 | 11/21 | BNP | | (3,291 | ) | ||||||||||||||||||||||||||||||
USD | 248,000 | CNH | 1,621,443 | 11/21 | BRC | | (2,645 | ) | ||||||||||||||||||||||||||||||
USD | 284,000 | CNH | 1,858,340 | 11/21 | HSB | | (3,264 | ) | ||||||||||||||||||||||||||||||
USD | 669,486 | COP | 2,583,513,354 | 10/21 | CSF | | (7,579 | ) | ||||||||||||||||||||||||||||||
USD | 888,715 | EUR | 751,647 | 10/21 | JPM | 17,833 | | |||||||||||||||||||||||||||||||
USD | 27,630 | IDR | 400,080,000 | 10/21 | JPM | | (280 | ) | ||||||||||||||||||||||||||||||
USD | 102,676 | IDR | 1,507,290,000 | 10/21 | MER | | (2,472 | ) | ||||||||||||||||||||||||||||||
USD | 191,797 | IDR | 2,801,250,983 | 10/21 | SCB | | (3,187 | ) | ||||||||||||||||||||||||||||||
USD | 70,310 | IDR | 1,023,760,000 | 11/21 | HSB | | (848 | ) | ||||||||||||||||||||||||||||||
USD | 71,156 | IDR | 1,027,131,808 | 12/21 | JPM | 11 | | |||||||||||||||||||||||||||||||
USD | 131,715 | IDR | 1,907,370,000 | 01/22 | JPM | 94 | | |||||||||||||||||||||||||||||||
USD | 285,000 | KRW | 329,350,560 | 10/21 | DUB | 6,930 | | |||||||||||||||||||||||||||||||
USD | 1,279,495 | KRW | 1,512,823,120 | 10/21 | SCB | 2,220 | | |||||||||||||||||||||||||||||||
USD | 360,000 | MXN | 7,274,880 | 10/21 | MSC | 9,063 | | |||||||||||||||||||||||||||||||
USD | 160,316 | RUB | 11,720,890 | 10/21 | CIT | | (35 | ) | ||||||||||||||||||||||||||||||
USD | 247,130 | ZAR | 3,601,154 | 10/21 | JPM | 8,916 | | |||||||||||||||||||||||||||||||
USD | 367,060 | ZAR | 5,538,821 | 10/21 | MER | 670 | | |||||||||||||||||||||||||||||||
ZAR | 608,000 | USD | 42,262 | 10/21 | BNP | | (2,043 | ) | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
Total Forward Foreign Currency Contracts |
|
$251,472 | ($287,079 | ) | ||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-92
PACIFIC FUNDS
PF EMERGING MARKETS DEBT FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(e) | Swap agreements outstanding as of September 30, 2021 were as follows: |
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) |
||||||||||||||||||||||||
6.680% |
Brazil CETIP Interbank | Z / Z | CME | 01/02/25 | BRL 3,301,298 | ($47,815 | ) | $ | ($47,815 | ) | ||||||||||||||||||||||
2.325% |
7-Day CNY-RRR | Q / Q | LCH | 09/16/25 | CNY 7,000,000 | (4,586 | ) | | (4,586 | ) | ||||||||||||||||||||||
2.833% |
7-Day CNY-RRR | Q / Q | LCH | 06/16/26 | 2,400,000 | 5,852 | | 5,852 | ||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
($46,549 | ) | $ | ($46,549 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
Balances reported in the Statement of Assets and Liabilities for Centrally Cleared Swaps
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||
Centrally Cleared Swap Agreements (1) |
|
|||||||
Assets |
$ | $5,852 | ||||||
Liabilities |
| (52,401 | ) | |||||
|
|
|
|
|||||
$ | ($46,549 | ) | ||||||
|
|
|
|
(1) | Includes cumulative value on centrally cleared swaps, as reported in the Schedule of Investments. Only variation margin is reported within the Statement of Assets and Liabilities. |
(f) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Corporate Bonds & Notes |
$17,639,719 | $ | $17,639,719 | $ | |||||||||||||
Foreign Government Bonds & Notes |
41,683,944 | | 41,683,944 | | ||||||||||||||
Short-Term Investments |
1,327,373 | 875,396 | 451,977 | | ||||||||||||||
Derivatives: |
||||||||||||||||||
Foreign Currency Contracts |
||||||||||||||||||
Forward Foreign Currency Contracts |
251,472 | | 251,472 | | ||||||||||||||
Interest Rate Contracts |
||||||||||||||||||
Swaps |
5,852 | | 5,852 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Assets - Derivatives |
257,324 | | 257,324 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Assets |
60,908,360 | 875,396 | 60,032,964 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Liabilities |
Derivatives: |
|||||||||||||||||
Foreign Currency Contracts |
||||||||||||||||||
Forward Foreign Currency Contracts |
(287,079 | ) | | (287,079 | ) | | ||||||||||||
Interest Rate Contracts |
||||||||||||||||||
Swaps |
(52,401 | ) | | (52,401 | ) | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities - Derivatives |
(339,480 | ) | | (339,480 | ) | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities |
(339,480 | ) | | (339,480 | ) | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$60,568,880 | $875,396 | $59,693,484 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-93
PACIFIC FUNDS
PF GROWTH FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 99.4% |
|
|||||||
Basic Materials - 1.5% |
||||||||
The Sherwin-Williams Co |
9,942 | $2,781,076 | ||||||
|
|
|||||||
Communications - 25.3% |
||||||||
Airbnb Inc A * |
267 | 44,789 | ||||||
Alphabet Inc A * |
4,038 | 10,795,674 | ||||||
Alphabet Inc C * |
1,238 | 3,299,654 | ||||||
Amazon.com Inc * |
4,452 | 14,624,998 | ||||||
Bumble Inc A * |
6,325 | 316,123 | ||||||
Charter Communications Inc A * |
3,305 | 2,404,586 | ||||||
Facebook Inc A * |
21,364 | 7,250,728 | ||||||
Match Group Inc * |
12,390 | 1,945,106 | ||||||
Netflix Inc * |
4,927 | 3,007,145 | ||||||
Sea Ltd ADR (Taiwan) * |
5,378 | 1,714,130 | ||||||
Shopify Inc A (Canada) * |
638 | 864,988 | ||||||
Uber Technologies Inc * |
19,490 | 873,152 | ||||||
|
|
|||||||
47,141,073 | ||||||||
|
|
|||||||
Consumer, Cyclical - 3.1% |
||||||||
Chipotle Mexican Grill Inc * |
630 | 1,145,037 | ||||||
Dollar General Corp |
3,113 | 660,392 | ||||||
Lululemon Athletica Inc * |
2,059 | 833,277 | ||||||
MGM Resorts International |
8,146 | 351,500 | ||||||
NIKE Inc B |
10,816 | 1,570,808 | ||||||
Ross Stores Inc |
5,694 | 619,792 | ||||||
Starbucks Corp |
5,069 | 559,161 | ||||||
|
|
|||||||
5,739,967 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 21.1% |
||||||||
Abbott Laboratories |
22,364 | 2,641,859 | ||||||
Alnylam Pharmaceuticals Inc * |
2,171 | 409,907 | ||||||
Becton Dickinson and Co |
2,895 | 711,649 | ||||||
Boston Scientific Corp * |
51,411 | 2,230,723 | ||||||
Colgate-Palmolive Co |
19,775 | 1,494,595 | ||||||
CoStar Group Inc * |
17,190 | 1,479,371 | ||||||
Danaher Corp |
14,439 | 4,395,809 | ||||||
Edwards Lifesciences Corp * |
13,735 | 1,554,939 | ||||||
Equifax Inc |
5,628 | 1,426,248 | ||||||
ICON PLC (Ireland) * |
7,112 | 1,863,486 | ||||||
PayPal Holdings Inc * |
18,099 | 4,709,541 | ||||||
Square Inc A * |
8,640 | 2,072,218 | ||||||
STERIS PLC |
2,912 | 594,863 | ||||||
The Estee Lauder Cos Inc A |
8,729 | 2,618,089 | ||||||
Thermo Fisher Scientific Inc |
6,326 | 3,614,234 | ||||||
TransUnion |
16,375 | 1,839,076 | ||||||
Verisk Analytics Inc |
12,862 | 2,575,873 | ||||||
Vertex Pharmaceuticals Inc * |
4,549 | 825,143 | ||||||
Zoetis Inc |
11,987 | 2,327,156 | ||||||
|
|
|||||||
39,384,779 | ||||||||
|
|
|||||||
Financial - 8.2% |
||||||||
American Tower Corp REIT |
4,270 | 1,133,301 | ||||||
Aon PLC A |
4,231 | 1,209,093 | ||||||
Equinix Inc REIT |
1,123 | 887,316 | ||||||
Mastercard Inc A |
15,738 | 5,471,788 | ||||||
The Charles Schwab Corp |
24,259 | 1,767,025 | ||||||
Visa Inc A |
21,728 | 4,839,912 | ||||||
|
|
|||||||
15,308,435 | ||||||||
|
|
Shares |
Value |
|||||||
Industrial - 3.0% |
||||||||
AMETEK Inc |
12,138 | $1,505,233 | ||||||
Canadian Pacific Railway Ltd (Canada) |
10,597 | 689,547 | ||||||
Johnson Controls International PLC |
14,408 | 980,897 | ||||||
Vulcan Materials Co |
13,626 | 2,304,974 | ||||||
|
|
|||||||
5,480,651 | ||||||||
|
|
|||||||
Technology - 37.2% |
||||||||
Activision Blizzard Inc |
12,680 | 981,305 | ||||||
Adobe Inc * |
13,031 | 7,502,207 | ||||||
Apple Inc |
50,254 | 7,110,941 | ||||||
Applied Materials Inc |
13,560 | 1,745,579 | ||||||
ASML Holding NV (Netherlands) |
2,619 | 1,951,443 | ||||||
Atlassian Corp PLC A * |
2,857 | 1,118,287 | ||||||
Autodesk Inc * |
8,109 | 2,312,444 | ||||||
Black Knight Inc * |
5,766 | 415,152 | ||||||
Cadence Design Systems Inc * |
8,527 | 1,291,329 | ||||||
Clarivate PLC * |
43,526 | 953,219 | ||||||
Electronic Arts Inc |
10,182 | 1,448,390 | ||||||
Intuit Inc |
8,637 | 4,659,748 | ||||||
Lam Research Corp |
4,344 | 2,472,388 | ||||||
Microsoft Corp |
68,496 | 19,310,392 | ||||||
MSCI Inc |
5,953 | 3,621,448 | ||||||
NVIDIA Corp |
21,707 | 4,496,822 | ||||||
ROBLOX Corp A * |
7,047 | 532,401 | ||||||
Roper Technologies Inc |
2,271 | 1,013,161 | ||||||
salesforce.com Inc * |
9,901 | 2,685,349 | ||||||
ServiceNow Inc * |
3,688 | 2,294,932 | ||||||
Synopsys Inc * |
3,266 | 977,873 | ||||||
Take-Two Interactive Software Inc * |
2,728 | 420,303 | ||||||
|
|
|||||||
69,315,113 | ||||||||
|
|
|||||||
Total Common Stocks |
185,151,094 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 99.4% |
|
185,151,094 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - 0.6% |
|
1,170,114 | ||||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$186,321,208 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Technology |
37.2% | |||
Communications |
25.3% | |||
Consumer, Non-Cyclical |
21.1% | |||
Financial |
8.2% | |||
Consumer, Cyclical |
3.1% | |||
Industrial |
3.0% | |||
Others (each less than 3.0%) |
1.5% | |||
|
|
|||
99.4% | ||||
Other Assets & Liabilities, Net |
0.6% | |||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
$185,151,094 | $185,151,094 | $ | $ | |||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-94
PACIFIC FUNDS
PF LARGE-CAP VALUE FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 99.2% |
|
|||||||
Basic Materials - 3.2% |
||||||||
Air Products and Chemicals Inc |
13,425 | $3,438,277 | ||||||
PPG Industries Inc |
15,419 | 2,205,071 | ||||||
|
|
|||||||
5,643,348 | ||||||||
|
|
|||||||
Communications - 18.8% |
||||||||
Alphabet Inc A * |
1,172 | 3,133,365 | ||||||
Booking Holdings Inc* |
1,829 | 4,341,808 | ||||||
Charter Communications Inc A * |
5,144 | 3,742,569 | ||||||
Cisco Systems Inc |
81,350 | 4,427,881 | ||||||
Comcast Corp A |
92,408 | 5,168,379 | ||||||
DISH Network Corp A * |
120,294 | 5,227,977 | ||||||
Motorola Solutions Inc |
17,708 | 4,113,923 | ||||||
T-Mobile US Inc* |
19,262 | 2,460,913 | ||||||
|
|
|||||||
32,616,815 | ||||||||
|
|
|||||||
Consumer, Cyclical - 3.2% |
||||||||
The Home Depot Inc |
9,370 | 3,075,796 | ||||||
The TJX Cos Inc |
38,219 | 2,521,690 | ||||||
|
|
|||||||
5,597,486 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 8.8% |
||||||||
Amgen Inc |
8,695 | 1,848,992 | ||||||
Anthem Inc |
8,058 | 3,004,022 | ||||||
Johnson & Johnson |
20,068 | 3,240,982 | ||||||
Merck & Co Inc |
19,958 | 1,499,045 | ||||||
PepsiCo Inc |
11,239 | 1,690,458 | ||||||
UnitedHealth Group Inc |
9,988 | 3,902,711 | ||||||
|
|
|||||||
15,186,210 | ||||||||
|
|
|||||||
Energy - 5.8% |
||||||||
Chevron Corp |
29,203 | 2,962,644 | ||||||
ConocoPhillips |
70,936 | 4,807,333 | ||||||
Enterprise Products Partners LP |
101,937 | 2,205,917 | ||||||
|
|
|||||||
9,975,894 | ||||||||
|
|
|||||||
Financial - 27.3% |
||||||||
American Express Co |
40,099 | 6,717,785 | ||||||
American Tower Corp REIT |
13,319 | 3,534,996 | ||||||
Bank of America Corp |
187,396 | 7,954,960 | ||||||
Berkshire Hathaway Inc B * |
9,771 | 2,666,897 | ||||||
Capital One Financial Corp |
20,863 | 3,379,180 | ||||||
JPMorgan Chase & Co |
48,870 | 7,999,530 | ||||||
Marsh & McLennan Cos Inc |
16,268 | 2,463,463 | ||||||
The Bank of New York Mellon Corp |
46,301 | 2,400,244 | ||||||
The Charles Schwab Corp |
53,147 | 3,871,228 | ||||||
The Progressive Corp |
21,724 | 1,963,632 | ||||||
The Travelers Cos Inc |
14,169 | 2,153,830 | ||||||
US Bancorp |
35,255 | 2,095,557 | ||||||
|
|
|||||||
47,201,302 | ||||||||
|
|
|||||||
Industrial - 21.8% |
||||||||
Deere & Co |
16,808 | 5,631,857 | ||||||
Honeywell International Inc |
16,500 | 3,502,620 | ||||||
Illinois Tool Works Inc |
12,892 | 2,663,874 | ||||||
Martin Marietta Materials Inc |
6,100 | 2,084,248 | ||||||
Northrop Grumman Corp |
8,562 | 3,083,604 |
Shares |
Value |
|||||||
Otis Worldwide Corp |
25,309 | $ | 2,082,424 | |||||
Raytheon Technologies Corp |
64,778 | 5,568,317 | ||||||
TE Connectivity Ltd |
44,638 | 6,125,226 | ||||||
United Parcel Service Inc B |
18,286 | 3,329,881 | ||||||
Vertiv Holdings Co |
153,418 | 3,695,840 | ||||||
|
|
|||||||
37,767,891 | ||||||||
|
|
|||||||
Technology - 5.4% |
||||||||
Apple Inc |
5,398 | 763,817 | ||||||
Microsoft Corp |
6,535 | 1,842,347 | ||||||
NXP Semiconductors NV (China) |
10,511 | 2,058,790 | ||||||
Oracle Corp |
25,234 | 2,198,638 | ||||||
QUALCOMM Inc |
19,312 | 2,490,862 | ||||||
|
|
|||||||
9,354,454 | ||||||||
|
|
|||||||
Utilities - 4.9% |
||||||||
Edison International |
46,499 | 2,579,300 | ||||||
Sempra Energy |
46,917 | 5,935,000 | ||||||
|
|
|||||||
8,514,300 | ||||||||
|
|
|||||||
Total Common Stocks |
171,857,700 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENT - 0.8% |
|
|||||||
Money Market Fund - 0.8% |
|
|||||||
BlackRock Liquidity Funds T-Fund
Portfolio |
1,373,587 | 1,373,587 | ||||||
|
|
|||||||
Total Short-Term Investment |
1,373,587 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.0% |
|
173,231,287 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.0%) |
|
(84,232 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$173,147,055 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Financial |
27.3% | |||
Industrial |
21.8% | |||
Communications |
18.8% | |||
Consumer, Non-Cyclical |
8.8% | |||
Energy |
5.8% | |||
Technology |
5.4% | |||
Utilities |
4.9% | |||
Basic Materials |
3.2% | |||
Consumer, Cyclical |
3.2% | |||
Others (each less than 3.0%) |
0.8% | |||
|
|
|||
100.0% | ||||
Other Assets & Liabilities, Net |
(0.0% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
$171,857,700 | $171,857,700 | $ | $ | |||||||||||||
Short-Term Investment |
1,373,587 | 1,373,587 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$173,231,287 | $173,231,287 | $ | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-95
PACIFIC FUNDS
PF SMALL-CAP GROWTH FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 98.2% |
|
|||||||
Basic Materials - 3.2% |
||||||||
Axalta Coating Systems Ltd * |
29,283 | $854,771 | ||||||
Ingevity Corp * |
9,314 | 664,740 | ||||||
Rogers Corp * |
2,947 | 549,556 | ||||||
|
|
|||||||
2,069,067 | ||||||||
|
|
|||||||
Communications - 2.9% |
||||||||
Open Lending Corp A * |
17,823 | 642,876 | ||||||
Q2 Holdings Inc * |
12,245 | 981,314 | ||||||
Zendesk Inc * |
2,255 | 262,459 | ||||||
|
|
|||||||
1,886,649 | ||||||||
|
|
|||||||
Consumer, Cyclical - 13.7% |
||||||||
Dutch Bros Inc A * |
10,196 | 441,691 | ||||||
F45 Training Holdings Inc * |
38,344 | 573,626 | ||||||
Genius Sports Ltd (United Kingdom) * |
36,177 | 675,063 | ||||||
JetBlue Airways Corp * |
53,871 | 823,688 | ||||||
Leslies Inc * |
49,127 | 1,009,069 | ||||||
Malibu Boats Inc A * |
12,264 | 858,235 | ||||||
Manchester United PLC A (United Kingdom) |
34,204 | 662,531 | ||||||
Olaplex Holdings Inc * |
15,857 | 388,496 | ||||||
On Holding AG A (Switzerland) * |
6,798 | 204,824 | ||||||
Penn National Gaming Inc * |
6,650 | 481,859 | ||||||
Petco Health & Wellness Co Inc * |
23,704 | 500,154 | ||||||
Skechers USA Inc A * |
19,691 | 829,385 | ||||||
ThredUp Inc A * |
25,087 | 544,137 | ||||||
Visteon Corp * |
4,857 | 458,452 | ||||||
Vroom Inc * |
23,272 | 513,613 | ||||||
|
|
|||||||
8,964,823 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 30.4% |
||||||||
Abcam PLC (United Kingdom) * |
25,948 | 523,736 | ||||||
Acutus Medical Inc * |
17,776 | 157,140 | ||||||
Adaptive Biotechnologies Corp * |
8,250 | 280,418 | ||||||
Allovir Inc * |
10,798 | 270,598 | ||||||
Amicus Therapeutics Inc * |
12,112 | 115,670 | ||||||
Annexon Inc * |
10,511 | 195,610 | ||||||
BioAtla Inc * |
6,871 | 202,282 | ||||||
Bioxcel Therapeutics Inc * |
5,787 | 175,636 | ||||||
Boyd Group Services Inc (Canada) |
2,230 | 413,657 | ||||||
Bridgebio Pharma Inc * |
6,406 | 300,249 | ||||||
Bright Horizons Family Solutions Inc * |
2,671 | 372,391 | ||||||
Certara Inc * |
23,676 | 783,676 | ||||||
Charles River Laboratories International Inc * |
1,060 | 437,430 | ||||||
Collegium Pharmaceutical Inc * |
10,719 | 211,593 | ||||||
European Wax Center Inc A * |
20,432 | 572,300 | ||||||
Evo Payments Inc A * |
41,633 | 985,870 | ||||||
Guardant Health Inc * |
2,033 | 254,145 | ||||||
Harmony Biosciences Holdings Inc * |
9,567 | 366,703 | ||||||
HealthEquity Inc * |
8,828 | 571,701 | ||||||
ICON PLC (Ireland) * |
3,047 | 798,375 | ||||||
Immunocore Holdings PLC ADR (United Kingdom) * |
4,651 | 172,413 | ||||||
Laird Superfood Inc * |
3,603 | 68,745 | ||||||
Legalzoom.com Inc * |
16,196 | 427,574 | ||||||
LifeStance Health Group Inc * |
37,332 | 541,314 | ||||||
Lyell Immunopharma Inc * |
13,648 | 201,990 | ||||||
Maravai LifeSciences Holdings Inc A * |
12,580 | 617,426 | ||||||
MaxCyte Inc * |
21,873 | 267,069 | ||||||
Neurocrine Biosciences Inc * |
2,496 | 239,391 | ||||||
Nevro Corp * |
3,845 | 447,481 | ||||||
Nuvei Corp (Canada) * ~ |
8,915 | 1,029,861 | ||||||
Oatly Group AB ADR * |
34,956 | 528,535 | ||||||
Olink Holding AB ADR (Sweden) * |
6,740 | 163,445 | ||||||
Optinose Inc * |
25,201 | 75,603 | ||||||
Oxford Nanopore Technologies PLC (United Kingdom) * |
26,448 | 218,306 | ||||||
Paylocity Holding Corp * |
2,505 | 702,402 | ||||||
Payoneer Global Inc * |
59,672 | 510,196 |
Shares |
Value |
|||||||
Prelude Therapeutics Inc * |
6,631 | $ 207,219 | ||||||
PROCEPT BioRobotics Corp * |
5,707 | 217,722 | ||||||
Recursion Pharmaceuticals Inc A * |
12,386 | 285,002 | ||||||
Remitly Global Inc * |
15,329 | 562,574 | ||||||
Ritchie Bros Auctioneers Inc (Canada) |
17,236 | 1,062,772 | ||||||
Sana Biotechnology Inc * |
10,568 | 237,991 | ||||||
Silk Road Medical Inc * |
4,014 | 220,890 | ||||||
SpringWorks Therapeutics Inc * |
5,756 | 365,161 | ||||||
Syneos Health Inc * |
11,307 | 989,136 | ||||||
The Duckhorn Portfolio Inc * |
17,202 | 393,754 | ||||||
TriNet Group Inc * |
6,036 | 570,885 | ||||||
Turning Point Therapeutics Inc * |
3,961 | 263,129 | ||||||
Twist Bioscience Corp * |
2,844 | 304,223 | ||||||
|
|
|||||||
19,881,389 | ||||||||
|
|
|||||||
Energy - 1.8% |
||||||||
Array Technologies Inc * |
24,140 | 447,073 | ||||||
Shoals Technologies Group Inc A * |
26,757 | 745,985 | ||||||
|
|
|||||||
1,193,058 | ||||||||
|
|
|||||||
Financial - 11.2% |
||||||||
Bank OZK |
7,469 | 321,018 | ||||||
Big Yellow Group PLC REIT (United Kingdom) |
28,569 | 536,990 | ||||||
CoreSite Realty Corp REIT |
7,126 | 987,236 | ||||||
First Interstate BancSystem Inc A |
1,862 | 74,964 | ||||||
Focus Financial Partners Inc A * |
20,652 | 1,081,545 | ||||||
GCM Grosvenor Inc A |
22,637 | 260,778 | ||||||
Grosvenor Capital Management PIPE * |
15,272 | 175,933 | ||||||
Hamilton Lane Inc A |
10,040 | 851,593 | ||||||
Industrial Logistics Properties Trust REIT |
10,186 | 258,826 | ||||||
Innovative Industrial Properties Inc REIT |
2,628 | 607,515 | ||||||
Prosperity Bancshares Inc |
7,915 | 562,994 | ||||||
STAG Industrial Inc REIT |
24,431 | 958,917 | ||||||
WisdomTree Investments Inc |
116,270 | 659,251 | ||||||
|
|
|||||||
7,337,560 | ||||||||
|
|
|||||||
Industrial - 12.0% |
||||||||
Advanced Drainage Systems Inc |
4,565 | 493,796 | ||||||
Advanced Energy Industries Inc |
10,420 | 914,355 | ||||||
CryoPort Inc * |
9,866 | 656,188 | ||||||
Generac Holdings Inc * |
778 | 317,945 | ||||||
Gerresheimer AG (Germany) |
7,591 | 742,755 | ||||||
GFL Environmental Inc (Canada) |
17,287 | 642,212 | ||||||
Knight-Swift Transportation Holdings Inc |
14,639 | 748,785 | ||||||
Kratos Defense & Security Solutions Inc * |
10,643 | 237,445 | ||||||
Littelfuse Inc |
1,413 | 386,131 | ||||||
Schneider National Inc B |
20,400 | 463,896 | ||||||
Sensata Technologies Holding PLC * |
16,184 | 885,588 | ||||||
The AZEK Co Inc * |
26,132 | 954,602 | ||||||
Trex Co Inc * |
3,768 | 384,072 | ||||||
|
|
|||||||
7,827,770 | ||||||||
|
|
|||||||
Technology - 23.0% |
||||||||
8x8 Inc * |
21,860 | 511,305 | ||||||
ACV Auctions Inc A * |
44,919 | 803,601 | ||||||
Alkami Technology Inc * |
23,015 | 568,010 | ||||||
Avalara Inc * |
1,800 | 314,586 | ||||||
CACI International Inc A * |
5,292 | 1,387,033 | ||||||
Definitive Healthcare Corp * |
3,435 | 147,121 | ||||||
DoubleVerify Holdings Inc * |
17,018 | 581,335 | ||||||
Endava PLC ADR (United Kingdom) * |
5,656 | 768,368 | ||||||
Everbridge Inc * |
5,897 | 890,683 | ||||||
ExlService Holdings Inc * |
7,671 | 944,454 | ||||||
Health Catalyst Inc * |
320 | 16,003 | ||||||
Keywords Studios PLC (Ireland) * |
22,653 | 888,820 | ||||||
Latch Inc * |
42,205 | 475,650 | ||||||
nCino Inc * |
6,824 | 484,709 | ||||||
Outset Medical Inc * |
6,493 | 321,014 | ||||||
PagerDuty Inc * |
13,903 | 575,862 | ||||||
Paycor HCM Inc * |
21,461 | 754,569 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-96
PACIFIC FUNDS
PF SMALL-CAP GROWTH FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
Ping Identity Holding Corp * |
17,891 | $ 439,582 | ||||||
Procore Technologies Inc * |
5,448 | 486,724 | ||||||
Rapid7 Inc * |
12,386 | 1,399,866 | ||||||
Talkspace Inc * |
93,751 | 342,191 | ||||||
TaskUS Inc A (Philippines) * |
7,136 | 473,616 | ||||||
Thoughtworks Holding Inc * |
21,460 | 616,117 | ||||||
WNS Holdings Ltd ADR (India) * |
10,103 | 826,425 | ||||||
|
|
|||||||
15,017,644 | ||||||||
|
|
|||||||
Total Common Stocks |
64,177,960 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENT - 2.5% |
|
|||||||
Money Market Fund - 2.5% |
|
|||||||
BlackRock Liquidity Funds T-Fund
Portfolio |
1,639,393 | 1,639,393 | ||||||
|
|
|||||||
Total Short-Term Investment |
1,639,393 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.7% |
|
65,817,353 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.7%) |
|
(448,449 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$65,368,904 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Consumer, Non-Cyclical |
30.4% | |||
Technology |
23.0% | |||
Consumer, Cyclical |
13.7% | |||
Industrial |
12.0% | |||
Financial |
11.2% | |||
Basic Materials |
3.2% | |||
Others (each less than 3.0%) |
7.2% | |||
|
|
|||
100.7% | ||||
Other Assets & Liabilities, Net |
(0.7% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
|||||||||||||||||
Basic Materials |
$2,069,067 | $2,069,067 | $ | $ | ||||||||||||||
Communications |
1,886,649 | 1,886,649 | | | ||||||||||||||
Consumer, Cyclical |
8,964,823 | 8,964,823 | | | ||||||||||||||
Consumer, Non-Cyclical |
19,881,389 | 19,881,389 | | | ||||||||||||||
Energy |
1,193,058 | 1,193,058 | | | ||||||||||||||
Financial |
7,337,560 | 7,337,560 | | | ||||||||||||||
Industrial |
7,827,770 | 7,085,015 | 742,755 | | ||||||||||||||
Technology |
15,017,644 | 15,017,644 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Common Stocks |
64,177,960 | 63,435,205 | 742,755 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Short-Term Investment |
1,639,393 | 1,639,393 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$65,817,353 | $65,074,598 | $742,755 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-97
PACIFIC FUNDS
PF SMALL-CAP VALUE FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 99.1% |
|
|||||||
Basic Materials - 7.0% |
||||||||
AdvanSix Inc * |
31,220 | $1,240,995 | ||||||
Carpenter Technology Corp |
38,029 | 1,245,070 | ||||||
Commercial Metals Co |
33,950 | 1,034,117 | ||||||
GCP Applied Technologies Inc * |
32,711 | 717,025 | ||||||
HB Fuller Co |
20,670 | 1,334,455 | ||||||
Innospec Inc |
8,890 | 748,716 | ||||||
Orion Engineered Carbons SA (Germany) * |
64,371 | 1,173,483 | ||||||
Schnitzer Steel Industries Inc A |
15,440 | 676,426 | ||||||
|
|
|||||||
8,170,287 | ||||||||
|
|
|||||||
Communications - 4.6% |
||||||||
A10 Networks Inc * |
114,006 | 1,536,801 | ||||||
Casa Systems Inc * |
144,828 | 981,934 | ||||||
Criteo SA ADR (France) * |
35,843 | 1,313,646 | ||||||
Houghton Mifflin Harcourt Co * |
114,676 | 1,540,099 | ||||||
|
|
|||||||
5,372,480 | ||||||||
|
|
|||||||
Consumer, Cyclical - 21.8% |
||||||||
Blue Bird Corp * |
62,927 | 1,312,657 | ||||||
Dana Inc |
47,220 | 1,050,173 | ||||||
Dine Brands Global Inc * |
16,000 | 1,299,360 | ||||||
Genesco Inc * |
19,700 | 1,137,281 | ||||||
Herman Miller Inc |
42,500 | 1,600,550 | ||||||
Hilton Grand Vacations Inc * |
14,890 | 708,317 | ||||||
IMAX Corp * |
86,710 | 1,645,756 | ||||||
KB Home |
41,040 | 1,597,277 | ||||||
Kontoor Brands Inc |
23,080 | 1,152,846 | ||||||
Malibu Boats Inc A * |
8,509 | 595,460 | ||||||
Papa Johns International Inc |
11,746 | 1,491,624 | ||||||
Regis Corp * |
74,860 | 260,513 | ||||||
REV Group Inc |
71,950 | 1,234,662 | ||||||
Ruths Hospitality Group Inc * |
44,447 | 920,497 | ||||||
Sally Beauty Holdings Inc * |
67,382 | 1,135,387 | ||||||
Scientific Games Corp * |
17,670 | 1,467,847 | ||||||
SkyWest Inc * |
34,609 | 1,707,608 | ||||||
Taylor Morrison Home Corp * |
58,598 | 1,510,656 | ||||||
The Goodyear Tire & Rubber Co * |
120,540 | 2,133,558 | ||||||
The Shyft Group Inc |
40,071 | 1,523,099 | ||||||
|
|
|||||||
25,485,128 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 11.5% |
||||||||
Acadia Healthcare Co Inc * |
18,550 | 1,183,119 | ||||||
BrightView Holdings Inc * |
77,173 | 1,139,073 | ||||||
Herc Holdings Inc * |
14,780 | 2,415,939 | ||||||
Integra LifeSciences Holdings Corp * |
17,880 | 1,224,422 | ||||||
Korn Ferry |
22,402 | 1,621,009 | ||||||
MEDNAX Inc* |
63,330 | 1,800,472 | ||||||
Nomad Foods Ltd (United Kingdom) * |
58,864 | 1,622,292 | ||||||
The Hain Celestial Group Inc * |
41,069 | 1,756,932 | ||||||
Viad Corp * |
15,320 | 695,681 | ||||||
|
|
|||||||
13,458,939 | ||||||||
|
|
|||||||
Energy - 2.7% |
||||||||
Cimarex Energy Co * |
10,560 | 920,832 | ||||||
Dril-Quip Inc * |
24,731 | 622,727 | ||||||
HollyFrontier Corp |
36,410 | 1,206,263 | ||||||
MRC Global Inc * |
59,712 | 438,286 | ||||||
|
|
|||||||
3,188,108 | ||||||||
|
|
Shares |
Value |
|||||||
Financial - 33.4% |
||||||||
1st Source Corp |
22,972 | $ | 1,085,197 | |||||
Armada Hoffler Properties Inc REIT |
40,282 | 538,570 | ||||||
Associated Banc-Corp |
47,222 | 1,011,495 | ||||||
Bank of Marin Bancorp |
20,278 | 765,494 | ||||||
BankUnited Inc |
38,628 | 1,615,423 | ||||||
Berkshire Hills Bancorp Inc |
53,700 | 1,448,826 | ||||||
Broadstone Net Lease Inc REIT |
40,260 | 998,851 | ||||||
Carter Bankshares Inc * |
27,004 | 383,997 | ||||||
Cousins Properties Inc REIT |
29,186 | 1,088,346 | ||||||
HarborOne Bancorp Inc |
95,992 | 1,347,728 | ||||||
Heritage Financial Corp |
44,790 | 1,142,145 | ||||||
Independence Realty Trust Inc REIT |
88,246 | 1,795,806 | ||||||
Independent Bank Group Inc |
17,029 | 1,209,740 | ||||||
Moelis & Co A |
21,834 | 1,350,870 | ||||||
National Storage Affiliates Trust REIT |
21,356 | 1,127,383 | ||||||
NETSTREIT Corp REIT |
46,950 | 1,110,368 | ||||||
Pacific Premier Bancorp Inc |
28,729 | 1,190,530 | ||||||
Physicians Realty Trust REIT |
98,491 | 1,735,411 | ||||||
Premier Financial Corp |
28,340 | 902,346 | ||||||
RLJ Lodging Trust REIT |
72,913 | 1,083,487 | ||||||
Sandy Spring Bancorp Inc |
22,473 | 1,029,713 | ||||||
Selective Insurance Group Inc |
19,875 | 1,501,159 | ||||||
STAG Industrial Inc REIT |
44,862 | 1,760,834 | ||||||
Stifel Financial Corp |
23,965 | 1,628,661 | ||||||
Synovus Financial Corp |
35,680 | 1,565,995 | ||||||
Texas Capital Bancshares Inc * |
27,321 | 1,639,806 | ||||||
The Hanover Insurance Group Inc |
10,600 | 1,373,972 | ||||||
TriCo Bancshares |
26,849 | 1,165,247 | ||||||
Umpqua Holdings Corp |
65,500 | 1,326,375 | ||||||
Webster Financial Corp |
28,653 | 1,560,442 | ||||||
WSFS Financial Corp |
31,397 | 1,610,980 | ||||||
|
|
|||||||
39,095,197 | ||||||||
|
|
|||||||
Industrial - 11.9% |
||||||||
Applied Industrial Technologies Inc |
1,403 | 126,452 | ||||||
ArcBest Corp |
20,180 | 1,650,119 | ||||||
Belden Inc |
23,034 | 1,341,961 | ||||||
Cactus Inc A |
45,410 | 1,712,865 | ||||||
Crane Co |
10,537 | 999,013 | ||||||
Dycom Industries Inc * |
723 | 51,507 | ||||||
GATX Corp |
11,440 | 1,024,566 | ||||||
Great Lakes Dredge & Dock Corp * |
67,770 | 1,022,649 | ||||||
Masonite International Corp * |
11,948 | 1,268,041 | ||||||
Regal Rexnord Corp |
6,145 | 923,839 | ||||||
Southwest Gas Holdings Inc |
17,210 | 1,151,005 | ||||||
Terex Corp |
20,067 | 844,821 | ||||||
The Manitowoc Co Inc * |
46,240 | 990,461 | ||||||
Trinseo SA |
14,219 | 767,542 | ||||||
|
|
|||||||
13,874,841 | ||||||||
|
|
|||||||
Technology - 4.8% |
||||||||
Change Healthcare Inc * |
50,180 | 1,050,769 | ||||||
CommVault Systems Inc * |
11,229 | 845,656 | ||||||
Kulicke & Soffa Industries Inc (Singapore) |
13,240 | 771,627 | ||||||
MagnaChip Semiconductor Corp (South Korea) * |
56,402 | 1,001,700 | ||||||
NCR Corp * |
16,383 | 635,005 | ||||||
Unisys Corp * |
50,400 | 1,267,056 | ||||||
|
|
|||||||
5,571,813 | ||||||||
|
|
|||||||
Utilities - 1.4% |
||||||||
IDACORP Inc |
15,920 | 1,645,810 | ||||||
|
|
|||||||
Total Common Stocks |
115,862,603 | |||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-98
PACIFIC FUNDS
PF SMALL-CAP VALUE FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
SHORT-TERM INVESTMENT - 1.1% |
|
|||||||
Money Market Fund - 1.1% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
1,308,355 | $1,308,355 | ||||||
|
|
|||||||
Total Short-Term Investment |
1,308,355 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 100.2% |
117,170,958 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (0.2%) |
|
(219,591 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$116,951,367 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Financial |
33.4% | |||
Consumer, Cyclical |
21.8% | |||
Industrial |
11.9% | |||
Consumer, Non-Cyclical |
11.5% | |||
Basic Materials |
7.0% | |||
Technology |
4.8% | |||
Communications |
4.6% | |||
Others (each less than 3.0%) |
5.2% | |||
|
|
|||
100.2% | ||||
Other Assets & Liabilities, Net |
(0.2% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
$115,862,603 | $115,862,603 | $ | $ | |||||||||||||
Short-Term Investment |
1,308,355 | 1,308,355 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$117,170,958 | $117,170,958 | $ | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-99
PACIFIC FUNDS
PF EMERGING MARKETS FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
WARRANTS - 0.0% |
||||||||
Switzerland - 0.0% |
||||||||
Cie Financiere Richemont SA Exercise @ CHF 67.00 Exp 11/22/23 * |
46,078 | $21,754 | ||||||
|
|
|||||||
Total Warrants |
21,754 | |||||||
|
|
|||||||
PREFERRED STOCKS - 0.3% |
||||||||
Brazil - 0.3% |
||||||||
Lojas Americanas SA |
426,650 | 376,059 | ||||||
|
|
|||||||
India - 0.0% |
||||||||
Zee Entertainment Enterprises Ltd |
390,884 | 10,795 | ||||||
|
|
|||||||
Total Preferred Stocks |
386,854 | |||||||
|
|
|||||||
COMMON STOCKS - 97.1% |
||||||||
Brazil - 4.6% |
||||||||
Ambev SA |
278,725 | 784,622 | ||||||
Americanas SA * |
76,827 | 435,363 | ||||||
B3 SA - Brasil Bolsa Balcao |
221,279 | 519,294 | ||||||
Lojas Renner SA |
88,000 | 553,459 | ||||||
Pagseguro Digital Ltd A * |
19,707 | 1,019,246 | ||||||
Vale SA ADR |
198,308 | 2,766,397 | ||||||
|
|
|||||||
6,078,381 | ||||||||
|
|
|||||||
China - 24.3% |
||||||||
BeiGene Ltd ADR * |
6,271 | 2,276,373 | ||||||
Blue Moon Group Holdings Ltd ~ |
150,729 | 130,599 | ||||||
Brii BiosciencesLtd * W |
34,500 | 173,062 | ||||||
Brii BiosciencesLtd * ± W |
34,000 | 162,026 | ||||||
Budweiser Brewing Co APAC Ltd ~ |
223,900 | 568,715 | ||||||
Contemporary Amperex Technology Co Ltd A |
1,400 | 113,426 | ||||||
Huazhu Group Ltd ADR * |
83,375 | 3,823,578 | ||||||
Innovent Biologics Inc * ~ |
63,000 | 606,706 | ||||||
Keymed BiosciencesInc * ~ W |
9,645 | 63,746 | ||||||
Keymed BiosciencesInc * ~ ± W |
14,500 | 91,041 | ||||||
Meituan B * ~ |
46,500 | 1,484,347 | ||||||
NetEase Inc ADR |
35,471 | 3,029,223 | ||||||
New Horizon Health Ltd * ~ |
29,500 | 128,330 | ||||||
New Oriental Education & Technology Group Inc ADR * |
128,671 | 263,776 | ||||||
OneConnect Financial Technology Co Ltd ADR * |
30,929 | 126,809 | ||||||
Pinduoduo Inc ADR * |
30,326 | 2,749,658 | ||||||
Remegen Co Ltd H * ~ |
16,114 | 202,705 | ||||||
Sunny Optical Technology Group Co Ltd |
9,100 | 238,283 | ||||||
Tencent Holdings Ltd |
72,081 | 4,303,146 | ||||||
Wuxi Biologics Cayman Inc * ~ |
171,500 | 2,781,781 | ||||||
Yum China Holdings Inc |
82,133 | 4,772,749 | ||||||
Zai Lab Ltd ADR * |
11,405 | 1,201,973 | ||||||
ZTO Express Cayman Inc |
6,213 | 190,984 | ||||||
ZTO Express Cayman Inc ADR |
78,714 | 2,413,371 | ||||||
|
|
|||||||
31,896,407 | ||||||||
|
|
|||||||
Egypt - 0.5% |
||||||||
Commercial International Bank Egypt SAE * |
264,395 | 715,272 | ||||||
|
|
|||||||
France - 4.9% |
||||||||
Kering SA |
5,514 | 3,916,380 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
100 | 71,626 | ||||||
Pernod Ricard SA |
11,099 | 2,446,921 | ||||||
|
|
|||||||
6,434,927 | ||||||||
|
|
Shares |
Value |
|||||||
Hong Kong - 4.8% |
||||||||
AIA Group Ltd |
507,200 | $5,835,035 | ||||||
Hong Kong Exchanges & Clearing Ltd |
7,900 | 485,459 | ||||||
|
|
|||||||
6,320,494 | ||||||||
|
|
|||||||
India - 16.5% |
||||||||
Godrej Properties Ltd * |
18,384 | 569,916 | ||||||
Havells India Ltd |
9,155 | 168,293 | ||||||
HDFC Life Insurance Co Ltd ~ |
34,043 | 330,542 | ||||||
Housing Development Finance Corp Ltd |
201,237 | 7,437,297 | ||||||
Infosys Ltd |
96,746 | 2,169,068 | ||||||
Kotak Mahindra Bank Ltd |
195,623 | 5,264,691 | ||||||
Oberoi Realty Ltd * |
58,389 | 754,228 | ||||||
Tata Consultancy Services Ltd |
82,597 | 4,185,872 | ||||||
Zee Entertainment Enterprises Ltd |
185,526 | 753,642 | ||||||
|
|
|||||||
21,633,549 | ||||||||
|
|
|||||||
Indonesia - 1.7% |
||||||||
P.T. Bank Central Asia Tbk |
500,500 | 1,219,077 | ||||||
P.T. Bank Rakyat Indonesia Persero Tbk |
2,207,110 | 588,298 | ||||||
P.T. Indocement Tunggal Prakarsa Tbk |
289,318 | 210,650 | ||||||
P.T. Semen Indonesia Persero Tbk |
254,100 | 144,415 | ||||||
|
|
|||||||
2,162,440 | ||||||||
|
|
|||||||
Italy - 1.6% |
||||||||
Moncler SPA |
13,105 | 799,282 | ||||||
PRADA SPA |
235,000 | 1,283,331 | ||||||
|
|
|||||||
2,082,613 | ||||||||
|
|
|||||||
Mexico - 6.1% |
||||||||
Alsea SAB de CV * |
183,480 | 369,422 | ||||||
Fomento Economico Mexicano SAB de CV |
269,898 | 2,341,430 | ||||||
Fomento Economico Mexicano SAB de CV ADR |
6,148 | 533,155 | ||||||
Grupo Mexico SAB de CV B |
738,390 | 2,936,175 | ||||||
Wal-Mart de Mexico SAB de CV |
535,620 | 1,815,111 | ||||||
|
|
|||||||
7,995,293 | ||||||||
|
|
|||||||
Peru - 0.5% |
||||||||
Credicorp Ltd |
5,269 | 584,543 | ||||||
|
|
|||||||
Philippines - 2.1% |
||||||||
Ayala Land Inc |
1,252,400 | 822,494 | ||||||
SM Investments Corp |
79,587 | 1,544,621 | ||||||
SM Prime Holdings Inc |
679,656 | 434,628 | ||||||
|
|
|||||||
2,801,743 | ||||||||
|
|
|||||||
Poland - 0.6% |
||||||||
InPost SA * |
45,944 | 762,369 | ||||||
|
|
|||||||
Russia - 10.5% |
||||||||
Novatek PJSC GDR |
25,693 | 6,727,067 | ||||||
Polyus PJSC |
3,765 | 617,150 | ||||||
Polyus PJSC GDR ~ |
3,702 | 304,156 | ||||||
Sberbank of Russia PJSC |
235,148 | 1,098,549 | ||||||
Yandex NV A * |
63,271 | 5,042,066 | ||||||
|
|
|||||||
13,788,988 | ||||||||
|
|
|||||||
South Africa - 0.8% |
||||||||
FirstRand Ltd |
236,867 | 1,014,712 | ||||||
|
|
|||||||
South Korea - 4.7% |
||||||||
LG ChemLtd |
1,451 | 941,075 | ||||||
NAVER Co |
1,181 | 383,195 | ||||||
Samsung Biologics Co Ltd * ~ |
3,016 | 2,213,119 | ||||||
Samsung Electronics Co. Ltd. |
42,103 | 2,610,159 | ||||||
|
|
|||||||
6,147,548 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-100
PACIFIC FUNDS
PF EMERGING MARKETS FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
Switzerland - 2.5% |
||||||||
Cie Financiere Richemont SA A |
31,860 | $3,303,312 | ||||||
|
|
|||||||
Taiwan - 9.0% |
||||||||
MediaTek Inc |
25,000 | 804,688 | ||||||
Taiwan Semiconductor Manufacturing Co Ltd |
532,995 | 11,023,449 | ||||||
|
|
|||||||
11,828,137 | ||||||||
|
|
|||||||
Turkey - 0.3% |
||||||||
Akbank T.A.S. |
672,855 | 403,274 | ||||||
|
|
|||||||
United Kingdom - 1.1% |
||||||||
Oxford Nanopore Technologies PLC * |
14,605 | 120,552 | ||||||
Prudential PLC |
66,908 | 1,292,647 | ||||||
|
|
|||||||
1,413,199 | ||||||||
|
|
|||||||
Total Common Stocks |
127,367,201 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENT - 5.3% |
||||||||
Money Market Fund - 5.3% |
||||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
6,948,207 | 6,948,207 | ||||||
|
|
|||||||
Total Short-Term Investment |
6,948,207 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 102.7% |
134,724,016 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (2.7%) |
(3,585,883 | ) | ||||||
|
|
|||||||
NET ASSETS - 100.0% |
$131,138,133 | |||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Financial |
23.2% | |||
Technology |
18.3% | |||
Consumer, Cyclical |
17.3% | |||
Consumer, Non-Cyclical |
13.0% | |||
Communications |
11.5% | |||
Basic Materials |
5.8% | |||
Short-Term Investment |
5.3% | |||
Energy |
5.1% | |||
Industrial |
3.2% | |||
|
|
|||
102.7% | ||||
Other Assets & Liabilities, Net |
(2.7% | ) | ||
|
|
|||
100.0% | ||||
|
|
(b) | As of September 30, 2021, the Funds composition by country of risk as a percentage of net assets was as follows: |
China |
24.3% | |||
India |
16.5% | |||
Russia |
10.5% | |||
Taiwan |
9.0% | |||
Mexico |
6.1% | |||
United States (Includes Short-Term Investments) |
5.3% | |||
Brazil |
4.9% | |||
France |
4.9% | |||
Hong Kong |
4.8% | |||
South Korea |
4.7% | |||
Others (each less than 3.0%) |
11.7% | |||
|
|
|||
102.7% | ||||
Other Assets & Liabilities, Net |
(2.7% | ) | ||
|
|
|||
100.0% | ||||
|
|
(c) | Investments with a total aggregate value of $489,875 or 0.4% of the Funds net assets were valued by the Trustee Valuation Committee or determined by a valuation committee established under the Valuation Policy and then subsequently submitted for approval or ratification to either the Trustee Valuation Committee or to the Board of Trustees. |
(d) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Warrants |
$21,754 | $21,754 | $ | $ | |||||||||||||
Preferred Stocks |
386,854 | 386,854 | | | ||||||||||||||
Common Stocks |
||||||||||||||||||
Brazil |
6,078,381 | 6,078,381 | | | ||||||||||||||
China |
31,896,407 | 20,894,318 | 10,749,022 | 253,067 | ||||||||||||||
Egypt |
715,272 | | 715,272 | | ||||||||||||||
France |
6,434,927 | | 6,434,927 | | ||||||||||||||
Hong Kong |
6,320,494 | | 6,320,494 | | ||||||||||||||
India |
21,633,549 | | 21,633,549 | | ||||||||||||||
Indonesia |
2,162,440 | | 2,162,440 | | ||||||||||||||
Italy |
2,082,613 | | 2,082,613 | | ||||||||||||||
Mexico |
7,995,293 | 7,995,293 | | | ||||||||||||||
Peru |
584,543 | 584,543 | | | ||||||||||||||
Philippines |
2,801,743 | 2,367,115 | 434,628 | | ||||||||||||||
Poland |
762,369 | | 762,369 | | ||||||||||||||
Russia |
13,788,988 | 5,042,066 | 8,746,922 | | ||||||||||||||
South Africa |
1,014,712 | 1,014,712 | | | ||||||||||||||
South Korea |
6,147,548 | | 6,147,548 | | ||||||||||||||
Switzerland |
3,303,312 | | 3,303,312 | | ||||||||||||||
Taiwan |
11,828,137 | | 11,828,137 | | ||||||||||||||
Turkey |
403,274 | 403,274 | | | ||||||||||||||
United Kingdom |
1,413,199 | 120,552 | 1,292,647 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Common Stocks |
127,367,201 | 44,500,254 | 82,613,880 | 253,067 | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Short-Term Investment |
6,948,207 | 6,948,207 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$134,724,016 | $51,857,069 | $82,613,880 | $253,067 | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-101
PACIFIC FUNDS
PF INTERNATIONAL LARGE-CAP FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 98.8% |
|
|||||||
Australia - 0.9% |
|
|||||||
Rio Tinto PLC |
6,627 | $434,414 | ||||||
|
|
|||||||
Belgium - 0.8% |
|
|||||||
KBC Group NV |
4,653 | 419,722 | ||||||
|
|
|||||||
Brazil - 0.3% |
|
|||||||
Ambev SA ADR |
48,554 | 134,009 | ||||||
|
|
|||||||
Canada - 3.9% |
|
|||||||
Canadian National Railway Co |
8,301 | 960,010 | ||||||
Intact Financial Corp |
1,801 | 238,143 | ||||||
Suncor Energy Inc |
12,079 | 250,430 | ||||||
The Toronto-Dominion Bank |
7,593 | 502,663 | ||||||
|
|
|||||||
1,951,246 | ||||||||
|
|
|||||||
China - 2.1% |
|
|||||||
NetEase Inc |
12,300 | 208,121 | ||||||
Tencent Holdings Ltd |
8,500 | 507,440 | ||||||
Yum China Holdings Inc |
5,973 | 347,091 | ||||||
|
|
|||||||
1,062,652 | ||||||||
|
|
|||||||
Denmark - 3.0% |
|
|||||||
Carlsberg AS B |
2,217 | 361,688 | ||||||
Novo Nordisk AS B |
11,692 | 1,126,987 | ||||||
|
|
|||||||
1,488,675 | ||||||||
|
|
|||||||
France - 14.4% |
|
|||||||
Air Liquide SA |
7,870 | 1,260,460 | ||||||
Capgemini SE |
5,191 | 1,076,493 | ||||||
Cie Generale des Etablissements Michelin SCA |
2,005 | 307,448 | ||||||
Danone SA |
825 | 56,247 | ||||||
Dassault Systemes SE |
7,593 | 399,585 | ||||||
Engie SA |
35,288 | 461,680 | ||||||
EssilorLuxottica SA |
3,355 | 641,118 | ||||||
Legrand SA |
4,774 | 511,532 | ||||||
LOreal SA |
1,129 | 467,185 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
1,596 | 1,143,158 | ||||||
Pernod Ricard SA |
4,056 | 894,199 | ||||||
|
|
|||||||
7,219,105 | ||||||||
|
|
|||||||
Germany - 8.8% |
|
|||||||
Bayer AG |
10,429 | 566,039 | ||||||
Beiersdorf AG |
7,190 | 775,802 | ||||||
Deutsche Boerse AG |
5,196 | 843,137 | ||||||
Merck KGaA |
3,870 | 837,622 | ||||||
MTU Aero Engines AG |
1,309 | 294,292 | ||||||
SAP SE |
7,946 | 1,074,532 | ||||||
|
|
|||||||
4,391,424 | ||||||||
|
|
|||||||
Hong Kong - 2.3% |
|
|||||||
AIA Group Ltd |
101,626 | 1,169,147 | ||||||
|
|
|||||||
India - 2.9% |
|
|||||||
HDFC Bank Ltd |
10,625 | 227,144 | ||||||
Housing Development Finance Corp Ltd |
12,683 | 468,737 | ||||||
Tata Consultancy Services Ltd |
14,707 | 745,325 | ||||||
|
|
|||||||
1,441,206 | ||||||||
|
|
|||||||
Ireland - 0.9% |
|
|||||||
Ryanair Holdings PLC ADR * |
4,206 | 462,912 | ||||||
|
|
Shares |
Value |
|||||||
Israel - 1.0% |
|
|||||||
Check Point Software Technologies Ltd * |
4,521 | $511,054 | ||||||
|
|
|||||||
Italy - 1.6% |
|
|||||||
Eni SPA |
22,427 | 299,069 | ||||||
Intesa Sanpaolo SPA |
178,164 | 504,380 | ||||||
|
|
|||||||
803,449 | ||||||||
|
|
|||||||
Japan - 18.1% |
|
|||||||
Daikin Industries Ltd |
4,800 | 1,046,585 | ||||||
Denso Corp |
6,900 | 450,552 | ||||||
Hitachi Ltd |
18,500 | 1,094,473 | ||||||
Hoya Corp |
6,500 | 1,014,122 | ||||||
Japan Tobacco Inc |
18,700 | 366,413 | ||||||
Koito Manufacturing Co Ltd |
7,000 | 420,932 | ||||||
Kose Corp |
3,000 | 358,786 | ||||||
Kubota Corp |
33,200 | 706,583 | ||||||
Kyocera Corp |
7,800 | 487,588 | ||||||
Olympus Corp |
31,800 | 696,038 | ||||||
Shin-Etsu Chemical Co Ltd |
2,400 | 405,046 | ||||||
SMC Corp |
900 | 561,519 | ||||||
Sony Group Corp |
6,400 | 710,520 | ||||||
Terumo Corp |
16,500 | 779,103 | ||||||
|
|
|||||||
9,098,260 | ||||||||
|
|
|||||||
Netherlands - 4.9% |
|
|||||||
Akzo Nobel NV |
5,383 | 588,172 | ||||||
ING Groep NV |
37,129 | 539,800 | ||||||
Koninklijke Philips NV |
16,874 | 749,660 | ||||||
Randstad NV |
6,940 | 467,250 | ||||||
Wolters Kluwer NV |
842 | 89,249 | ||||||
|
|
|||||||
2,434,131 | ||||||||
|
|
|||||||
Portugal - 0.6% |
|
|||||||
Galp Energia SGPS SA |
26,690 | 303,145 | ||||||
|
|
|||||||
Singapore - 1.1% |
|
|||||||
DBS Group Holdings Ltd |
23,900 | 529,591 | ||||||
|
|
|||||||
Spain - 0.9% |
|
|||||||
Amadeus IT Group SA * |
6,673 | 438,895 | ||||||
|
|
|||||||
Sweden - 0.2% |
|
|||||||
Essity AB B |
3,884 | 120,458 | ||||||
|
|
|||||||
Switzerland - 13.7% |
|
|||||||
Cie Financiere Richemont SA A |
5,874 | 609,029 | ||||||
Julius Baer Group Ltd |
6,096 | 405,016 | ||||||
Nestle SA |
14,923 | 1,798,073 | ||||||
Novartis AG |
7,960 | 652,714 | ||||||
Roche Holding AG |
4,067 | 1,484,333 | ||||||
Sika AG |
1,533 | 484,694 | ||||||
UBS Group AG |
50,461 | 805,439 | ||||||
Zurich Insurance Group AG |
1,516 | 619,923 | ||||||
|
|
|||||||
6,859,221 | ||||||||
|
|
|||||||
Taiwan - 1.6% |
|
|||||||
Taiwan Semiconductor Manufacturing Co Ltd ADR |
7,288 | 813,705 | ||||||
|
|
|||||||
United Kingdom - 10.6% |
|
|||||||
Compass Group PLC * |
36,132 | 738,942 | ||||||
Diageo PLC |
17,489 | 846,730 | ||||||
Experian PLC |
17,473 | 731,946 | ||||||
Linde PLC |
1,993 | 586,099 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-102
PACIFIC FUNDS
PF INTERNATIONAL LARGE-CAP FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
Reckitt Benckiser Group PLC |
6,198 | $486,916 | ||||||
RELX PLC 1 |
9,551 | 274,938 | ||||||
RELX PLC 2 |
18,356 | 531,362 | ||||||
Rolls-Royce Holdings PLC * |
207,145 | 386,888 | ||||||
Smiths Group PLC |
13,837 | 266,816 | ||||||
Tesco PLC |
134,705 | 458,756 | ||||||
|
|
|||||||
5,309,393 | ||||||||
|
|
|||||||
United States - 4.2% |
|
|||||||
QIAGEN NV * |
9,394 | 487,384 | ||||||
Schneider Electric SE |
9,847 | 1,640,058 | ||||||
|
|
|||||||
2,127,442 | ||||||||
|
|
|||||||
Total Common Stocks |
49,523,256 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENT - 0.5% |
|
|||||||
Money Market Fund - 0.5% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
272,322 | 272,322 | ||||||
|
|
|||||||
Total Short-Term Investment |
272,322 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 99.3% |
49,795,578 | |||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - 0.7% |
336,629 | |||||||
|
|
|||||||
NET ASSETS - 100.0% |
$50,132,207 | |||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Consumer, Non-Cyclical |
35.1% | |||
Industrial |
18.9% | |||
Financial |
14.5% | |||
Consumer, Cyclical |
10.4% | |||
Technology |
9.6% | |||
Basic Materials |
6.5% | |||
Others (each less than 3.0%) |
4.3% | |||
|
|
|||
99.3% | ||||
Other Assets & Liabilities, Net |
0.7% | |||
|
|
|||
100.0% | ||||
|
|
(b) | As of September 30, 2021, the Funds composition by country of risk as a percentage of net assets was as follows: |
Japan |
18.1% | |||
France |
14.4% | |||
Switzerland |
13.7% | |||
United Kingdom |
10.6% | |||
Germany |
8.8% | |||
Netherlands |
4.9% | |||
United States (Includes Short-Term Investment) |
4.7% | |||
Canada |
3.9% | |||
Denmark |
3.0% | |||
Others (each less than 3.0%) |
17.2% | |||
|
|
|||
99.3% | ||||
Other Assets & Liabilities, Net |
0.7% | |||
|
|
|||
100.0% | ||||
|
|
(c) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant |
Level 3 Significant |
|||||||||||||||
Assets |
Common Stocks |
|||||||||||||||||
Australia |
$434,414 | $ | $434,414 | $ | ||||||||||||||
Belgium |
419,722 | | 419,722 | | ||||||||||||||
Brazil |
134,009 | 134,009 | | | ||||||||||||||
Canada |
1,951,246 | 1,951,246 | | | ||||||||||||||
China |
1,062,652 | 347,091 | 715,561 | | ||||||||||||||
Denmark |
1,488,675 | | 1,488,675 | | ||||||||||||||
France |
7,219,105 | | 7,219,105 | | ||||||||||||||
Germany |
4,391,424 | | 4,391,424 | | ||||||||||||||
Hong Kong |
1,169,147 | | 1,169,147 | | ||||||||||||||
India |
1,441,206 | | 1,441,206 | | ||||||||||||||
Ireland |
462,912 | 462,912 | | | ||||||||||||||
Israel |
511,054 | 511,054 | | | ||||||||||||||
Italy |
803,449 | | 803,449 | | ||||||||||||||
Japan |
9,098,260 | | 9,098,260 | | ||||||||||||||
Netherlands |
2,434,131 | | 2,434,131 | | ||||||||||||||
Portugal |
303,145 | | 303,145 | | ||||||||||||||
Singapore |
529,591 | | 529,591 | | ||||||||||||||
Spain |
438,895 | | 438,895 | | ||||||||||||||
Sweden |
120,458 | | 120,458 | | ||||||||||||||
Switzerland |
6,859,221 | | 6,859,221 | | ||||||||||||||
Taiwan |
813,705 | 813,705 | | | ||||||||||||||
United Kingdom |
5,309,393 | | 5,309,393 | | ||||||||||||||
United States |
2,127,442 | 487,384 | 1,640,058 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Common Stocks |
49,523,256 | 4,707,401 | 44,815,855 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Short-Term Investment |
272,322 | 272,322 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$49,795,578 | $4,979,723 | $44,815,855 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-103
PACIFIC FUNDS
PF INTERNATIONAL SMALL-CAP FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
PREFERRED STOCKS - 0.5% |
|
|||||||
Germany - 0.5% |
|
|||||||
Draegerwerk AG & Co KGaA |
1,000 | $81,953 | ||||||
Jungheinrich AG |
2,438 | 113,062 | ||||||
|
|
|||||||
195,015 | ||||||||
|
|
|||||||
Total Preferred Stocks |
195,015 | |||||||
|
|
|||||||
COMMON STOCKS - 97.7% |
|
|||||||
Australia - 3.2% |
|
|||||||
Austal Ltd |
40,000 | 53,720 | ||||||
Charter Hall Retail REIT |
40,000 | 113,412 | ||||||
Codan Ltd |
15,500 | 140,705 | ||||||
Costa Group Holdings Ltd |
30,000 | 69,951 | ||||||
GrainCorp Ltd A |
19,907 | 89,827 | ||||||
Iluka Resources Ltd |
18,000 | 115,790 | ||||||
McMillan Shakespeare Ltd |
18,545 | 193,261 | ||||||
Metcash Ltd |
43,378 | 121,328 | ||||||
Netwealth Group Ltd |
9,000 | 92,895 | ||||||
Pro Medicus Ltd |
3,000 | 116,383 | ||||||
Sandfire Resources |
22,390 | 87,350 | ||||||
|
|
|||||||
1,194,622 | ||||||||
|
|
|||||||
Austria - 0.4% |
|
|||||||
BAWAG Group AG ~ |
2,439 | 154,356 | ||||||
|
|
|||||||
Belgium - 1.2% |
|
|||||||
Bekaert SA |
4,186 | 174,145 | ||||||
bpost SA * |
8,943 | 78,860 | ||||||
Dieteren SA |
1,300 | 190,760 | ||||||
|
|
|||||||
443,765 | ||||||||
|
|
|||||||
Canada - 12.0% |
|
|||||||
Alaris Equity Partners Income |
4,600 | 64,391 | ||||||
ARC Resources Ltd |
20,000 | 187,431 | ||||||
AutoCanada Inc * |
7,000 | 256,379 | ||||||
BTB REIT |
28,500 | 90,455 | ||||||
Canaccord Genuity Group Inc |
10,000 | 109,979 | ||||||
Canadian Western Bank |
4,500 | 130,282 | ||||||
Canfor Pulp Products Inc * |
12,700 | 65,174 | ||||||
Celestica Inc * |
21,958 | 195,032 | ||||||
CI Financial Corp |
6,052 | 122,846 | ||||||
Corus Entertainment Inc B |
40,006 | 179,405 | ||||||
CT REIT |
8,395 | 112,874 | ||||||
Dream Office REIT |
5,500 | 99,874 | ||||||
Dundee Precious Metals Inc |
23,050 | 138,671 | ||||||
Empire Co Ltd A |
3,800 | 115,806 | ||||||
Enerplus Corp |
33,600 | 268,991 | ||||||
Extendicare Inc |
15,917 | 92,240 | ||||||
Finning International Inc |
7,200 | 177,641 | ||||||
HEXO Corp * |
13,000 | 23,812 | ||||||
Home Capital Group Inc * |
4,000 | 117,196 | ||||||
Linamar Corp |
2,200 | 114,238 | ||||||
Medical Facilities Corp |
35,452 | 272,622 | ||||||
MEG Energy Corp * |
17,000 | 132,741 | ||||||
Parex Resources Inc |
9,688 | 176,229 | ||||||
Polaris Infrastructure Inc |
9,400 | 128,391 | ||||||
Precision Drilling Corp * |
4,145 | 167,554 | ||||||
TFI International Inc |
2,200 | 225,072 | ||||||
The North West Co Inc |
4,000 | 106,806 | ||||||
Torex Gold Resources Inc * |
7,950 | 79,462 | ||||||
Trican Well Service Ltd * |
38,000 | 88,805 | ||||||
Uni-Select Inc * |
12,900 | 180,677 | ||||||
Wajax Corp |
5,400 | 97,845 | ||||||
Western Forest Products Inc |
90,900 | 157,887 | ||||||
|
|
|||||||
4,476,808 | ||||||||
|
|
Shares |
Value |
|||||||
China - 0.4% |
|
|||||||
S-Enjoy Service Group Co Ltd |
36,000 | $76,555 | ||||||
VSTECS Holdings Ltd |
82,000 | 73,414 | ||||||
|
|
|||||||
149,969 | ||||||||
|
|
|||||||
Denmark - 2.8% |
|
|||||||
Pandora AS |
2,577 | 312,847 | ||||||
Royal Unibrew AS |
1,700 | 204,479 | ||||||
Schouw & Co AS |
1,100 | 105,652 | ||||||
SimCorp AS |
755 | 89,206 | ||||||
Spar Nord Bank AS |
6,975 | 81,158 | ||||||
Sydbank AS |
4,600 | 137,492 | ||||||
Topdanmark AS |
2,500 | 128,985 | ||||||
|
|
|||||||
1,059,819 | ||||||||
|
|
|||||||
Finland - 1.6% |
|
|||||||
Tokmanni Group Corp |
6,829 | 166,593 | ||||||
Uponor Oyj |
9,530 | 236,185 | ||||||
Valmet Oyj |
5,000 | 180,520 | ||||||
|
|
|||||||
583,298 | ||||||||
|
|
|||||||
France - 4.7% |
|
|||||||
Alten SA |
1,000 | 146,329 | ||||||
Biophytis SA * |
60,347 | 51,658 | ||||||
Criteo SA ADR * |
2,700 | 98,955 | ||||||
Elior Group SA * ~ |
10,630 | 84,429 | ||||||
Eutelsat Communications SA |
2,809 | 38,627 | ||||||
IPSOS |
2,600 | 118,154 | ||||||
Mercialys SA REIT |
11,065 | 117,549 | ||||||
Metropole Television SA |
6,339 | 131,876 | ||||||
Nexity SA |
2,300 | 109,370 | ||||||
Publicis Groupe SA |
3,600 | 241,840 | ||||||
SCOR SE |
4,827 | 138,998 | ||||||
Societe BIC SA |
1,670 | 98,463 | ||||||
Trigano SA |
1,297 | 243,174 | ||||||
Virbac SA |
350 | 150,089 | ||||||
|
|
|||||||
1,769,511 | ||||||||
|
|
|||||||
Georgia - 0.3% |
|
|||||||
Bank of Georgia Group PLC * |
5,456 | 114,241 | ||||||
|
|
|||||||
Germany - 6.5% |
|
|||||||
Cewe Stiftung & Co KGAA |
748 | 100,334 | ||||||
Covestro AG ~ |
2,000 | 136,302 | ||||||
Deutsche Pfandbriefbank AG ~ |
10,085 | 113,530 | ||||||
DWS Group GmbH & Co KGaA ~ |
3,354 | 140,881 | ||||||
Freenet AG |
5,500 | 143,907 | ||||||
GEA Group AG |
5,947 | 271,596 | ||||||
GFT Technologies SE |
7,348 | 243,005 | ||||||
HelloFresh SE * |
3,200 | 294,935 | ||||||
JOST Werke AG ~ |
2,685 | 152,087 | ||||||
LANXESS AG |
2,900 | 195,995 | ||||||
METRO AG |
8,500 | 110,282 | ||||||
Salzgitter AG * |
4,000 | 133,998 | ||||||
TAG Immobilien AG |
4,500 | 131,572 | ||||||
Wacker Chemie AG |
1,426 | 265,259 | ||||||
|
|
|||||||
2,433,683 | ||||||||
|
|
|||||||
Hong Kong - 2.5% |
|
|||||||
ASM Pacific Technology Ltd |
10,000 | 109,163 | ||||||
Dah Sing Financial Holdings Ltd |
22,656 | 67,828 | ||||||
Haitong International Securities Group Ltd |
280,000 | 73,788 | ||||||
Hysan Development Co Ltd |
28,917 | 94,165 | ||||||
K Wah International Holdings Ltd |
186,470 | 75,269 | ||||||
Kerry Properties Ltd |
35,000 | 92,066 | ||||||
Luk Fook Holdings International Ltd |
40,000 | 102,460 | ||||||
PAX Global Technology Ltd |
102,000 | 128,020 | ||||||
Swire Pacific Ltd A |
20,000 | 118,341 | ||||||
Texhong Textile Group Ltd |
48,000 | 69,127 | ||||||
|
|
|||||||
930,227 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-104
PACIFIC FUNDS
PF INTERNATIONAL SMALL-CAP FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
Indonesia - 0.3% |
|
|||||||
Golden Agri-Resources Ltd |
600,000 | $103,380 | ||||||
|
|
|||||||
Ireland - 0.8% |
|
|||||||
AerCap Holdings NV * |
3,000 | 173,430 | ||||||
Hibernia REIT PLC |
85,559 | 115,757 | ||||||
|
|
|||||||
289,187 | ||||||||
|
|
|||||||
Israel - 0.6% |
|
|||||||
Gazit-Globe Ltd |
9,048 | 63,727 | ||||||
Plus500 Ltd |
7,952 | 148,932 | ||||||
|
|
|||||||
212,659 | ||||||||
|
|
|||||||
Italy - 2.5% |
|
|||||||
Anima Holding SPA ~ |
20,000 | 95,300 | ||||||
Azimut Holding SPA |
5,100 | 139,707 | ||||||
Banca IFIS SPA |
6,401 | 123,313 | ||||||
Banca Sistema SPA * ~ |
54,623 | 143,022 | ||||||
Biesse SPA * |
3,600 | 112,109 | ||||||
El.En. SPA |
5,200 | 85,087 | ||||||
Sesa SPA |
1,325 | 238,432 | ||||||
|
|
|||||||
936,970 | ||||||||
|
|
|||||||
Japan - 20.8% |
|
|||||||
Aeon Mall Co Ltd |
5,100 | 78,471 | ||||||
Altech Corp |
5,100 | 93,865 | ||||||
Aozora Bank Ltd |
4,500 | 110,041 | ||||||
Asahi Co Ltd |
8,400 | 100,341 | ||||||
ASKUL Corp |
5,400 | 79,181 | ||||||
BML Inc |
2,600 | 98,631 | ||||||
Capcom Co Ltd |
3,000 | 83,358 | ||||||
CTS Co Ltd |
10,900 | 78,404 | ||||||
Cybernet Systems Co Ltd |
14,500 | 83,612 | ||||||
Daiken Corp |
4,400 | 92,181 | ||||||
Dear Life Co Ltd |
19,700 | 85,016 | ||||||
Doshisha Co Ltd |
6,000 | 94,165 | ||||||
FCC Co Ltd |
5,100 | 71,847 | ||||||
Foster Electric Co Ltd |
9,200 | 75,907 | ||||||
Fukui Computer Holdings Inc |
4,600 | 178,040 | ||||||
FULLCAST Holdings Co Ltd |
5,000 | 101,484 | ||||||
Gakujo Co Ltd |
6,500 | 74,119 | ||||||
Glory Ltd |
2,900 | 64,665 | ||||||
Goldcrest Co Ltd |
5,000 | 75,807 | ||||||
H.U. Group Holdings Inc |
3,600 | 97,788 | ||||||
Hanwa Co Ltd |
3,900 | 120,538 | ||||||
Hokkaido Electric Power Co Inc |
19,000 | 90,466 | ||||||
Hokuto Corp |
4,400 | 77,517 | ||||||
Hosiden Corp |
11,000 | 94,806 | ||||||
IR Japan Holdings Ltd |
1,500 | 165,208 | ||||||
Izumi Co Ltd |
2,700 | 89,829 | ||||||
Japan Lifeline Co Ltd |
6,000 | 73,679 | ||||||
Japan Logistics Fund Inc REIT |
42 | 124,911 | ||||||
Joyful Honda Co Ltd |
6,100 | 84,437 | ||||||
Juki Corp |
14,300 | 106,235 | ||||||
Kaken Pharmaceutical Co Ltd |
2,200 | 90,527 | ||||||
Kamigumi Co Ltd |
4,000 | 83,830 | ||||||
KFC Holdings Japan Ltd |
2,600 | 68,922 | ||||||
Kito Corp |
3,800 | 61,181 | ||||||
Kitz Corp |
16,000 | 112,635 | ||||||
Kozo Keikaku Engineering Inc |
2,900 | 68,857 | ||||||
Kyoei Steel Ltd |
2,000 | 24,702 | ||||||
Kyudenko Corp |
3,300 | 108,926 | ||||||
Lawson Inc |
1,500 | 73,684 | ||||||
Megachips Corp |
3,000 | 89,876 | ||||||
Meitec Corp |
2,000 | 110,153 | ||||||
MIMAKI ENGINEERING CO LTD |
11,900 | 104,250 | ||||||
Mitsui-Soko Holdings Co Ltd |
6,000 | 135,316 | ||||||
Mixi Inc |
3,000 | 67,476 |
Shares |
Value |
|||||||
Nakanishi Inc |
5,300 | $120,688 | ||||||
Nihon Parkerizing Co Ltd |
8,000 | 82,095 | ||||||
Nippon Electric Glass Co Ltd |
1,900 | 44,942 | ||||||
Nippon Gas Co Ltd |
7,200 | 98,896 | ||||||
Nishio Rent All Co Ltd |
3,400 | 89,402 | ||||||
Noevir Holdings Co Ltd |
1,500 | 71,539 | ||||||
Obara Group Inc |
3,200 | 111,421 | ||||||
Okamoto Industries Inc |
2,400 | 88,441 | ||||||
Osaki Electric Co Ltd |
17,500 | 86,738 | ||||||
Pilot Corp |
2,800 | 106,460 | ||||||
Pressance Corp |
2,800 | 45,963 | ||||||
Prima Meat Packers Ltd |
3,500 | 88,664 | ||||||
Riso Kyoiku Co Ltd |
26,400 | 104,126 | ||||||
Roland DG Corp |
2,300 | 63,927 | ||||||
Sanei Architecture Planning Co Ltd |
5,300 | 95,365 | ||||||
Sangetsu Corp |
5,500 | 74,626 | ||||||
Sanki Engineering Co Ltd |
6,500 | 86,040 | ||||||
Sankyo Co Ltd |
2,200 | 54,691 | ||||||
Sanwa Holdings Corp |
11,600 | 150,809 | ||||||
Seikagaku Corp |
7,700 | 73,198 | ||||||
Shinagawa Refractories Co Ltd |
3,000 | 105,606 | ||||||
Shinoken Group Co Ltd |
6,700 | 69,666 | ||||||
SKY Perfect JSAT Holdings Inc |
21,500 | 82,392 | ||||||
Star Micronics Co Ltd |
7,000 | 96,968 | ||||||
Sumitomo Osaka Cement Co Ltd |
2,600 | 72,373 | ||||||
Sumitomo Rubber Industries Ltd |
8,200 | 104,039 | ||||||
Sumitomo Seika Chemicals Co Ltd |
3,100 | 100,683 | ||||||
Sun Frontier Fudousan Co Ltd |
10,000 | 99,772 | ||||||
Takara Leben Co Ltd |
10,800 | 31,179 | ||||||
The Okinawa Electric Power Co Inc |
5,781 | 74,463 | ||||||
The Yokohama Rubber Co Ltd |
5,100 | 91,528 | ||||||
Tokyo Individualized Educational Institute Inc |
14,400 | 85,917 | ||||||
Tokyo Tekko Co Ltd |
4,500 | 64,118 | ||||||
Towa Pharmaceutical Co Ltd |
2,100 | 59,541 | ||||||
Toyo Kanetsu KK |
2,200 | 51,464 | ||||||
Ube Industries Ltd |
1,700 | 33,239 | ||||||
UlvacInc |
2,300 | 130,968 | ||||||
United Inc |
5,500 | 81,401 | ||||||
ValueCommerce Co Ltd |
5,700 | 243,379 | ||||||
Warabeya Nichiyo Holdings Co Ltd |
4,500 | 102,695 | ||||||
Yamaguchi Financial Group Inc |
15,200 | 90,285 | ||||||
Yuasa Trading Co Ltd |
3,800 | 102,763 | ||||||
|
|
|||||||
7,757,354 | ||||||||
|
|
|||||||
Jordan - 0.4% |
|
|||||||
Hikma Pharmaceuticals PLC |
4,935 | 162,342 | ||||||
|
|
|||||||
Kyrgyzstan - 0.2% |
|
|||||||
Centerra Gold Inc |
13,494 | 92,155 | ||||||
|
|
|||||||
Luxembourg - 0.6% |
|
|||||||
APERAM SA |
4,272 | 236,831 | ||||||
|
|
|||||||
Malta - 0.6% |
|
|||||||
Kindred Group PLC SDR |
15,000 | 224,940 | ||||||
|
|
|||||||
Netherlands - 3.4% |
|
|||||||
Aegon NV |
33,000 | 170,341 | ||||||
ASM International NV |
691 | 270,608 | ||||||
ASR Nederland NV |
4,651 | 212,762 | ||||||
BE Semiconductor Industries NV |
3,222 | 256,328 | ||||||
Randstad NV |
2,171 | 146,167 | ||||||
Signify NV ~ |
4,505 | 225,505 | ||||||
|
|
|||||||
1,281,711 | ||||||||
|
|
|||||||
Nigeria - 0.2% |
|
|||||||
Airtel Africa PLC ~ |
50,000 | 67,168 | ||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-105
PACIFIC FUNDS
PF INTERNATIONAL SMALL-CAP FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
Norway - 0.8% |
|
|||||||
Aker Solutions ASA * |
57,629 | $126,965 | ||||||
Europris ASA ~ |
27,028 | 178,972 | ||||||
|
|
|||||||
305,937 | ||||||||
|
|
|||||||
Portugal - 0.3% |
|
|||||||
Sonae SGPS SA |
110,000 | 115,951 | ||||||
|
|
|||||||
Singapore - 0.7% |
||||||||
Ascendas India Trust |
80,000 | 83,911 | ||||||
Jardine Cycle & Carriage Ltd |
5,100 | 72,335 | ||||||
Sasseur REIT |
140,000 | 87,909 | ||||||
|
|
|||||||
244,155 | ||||||||
|
|
|||||||
South Korea - 6.4% |
|
|||||||
CJ Freshway Corp * |
3,000 | 84,650 | ||||||
Dentium Co Ltd |
1,410 | 90,235 | ||||||
DGB Financial Group Inc |
15,000 | 125,045 | ||||||
Dongkuk Steel Mill Co Ltd |
8,000 | 122,104 | ||||||
DY POWER Corp |
3,701 | 40,819 | ||||||
Handsome Co Ltd |
4,132 | 136,825 | ||||||
Hanwha Aerospace Co Ltd |
1,400 | 58,661 | ||||||
Huchems Fine Chemical Corp |
5,544 | 134,139 | ||||||
InBody Co Ltd |
5,500 | 117,380 | ||||||
INTOPS Co Ltd |
3,800 | 81,207 | ||||||
i-SENS Inc |
3,800 | 100,221 | ||||||
Korea Asset In Trust Co Ltd |
19,827 | 75,917 | ||||||
Korea Petrochemical Ind Co Ltd |
319 | 57,106 | ||||||
Korea Real Estate Investment & Trust Co Ltd |
47,000 | 96,644 | ||||||
Korean Reinsurance Co |
14,266 | 114,397 | ||||||
Kumho Petrochemical Co Ltd |
550 | 86,393 | ||||||
LG Hausys Ltd |
2,516 | 165,438 | ||||||
Lutronic Corp * |
6,417 | 102,718 | ||||||
Osstem Implant Co Ltd |
1,800 | 201,427 | ||||||
Poongsan Corp |
5,735 | 158,993 | ||||||
Seah Besteel Corp |
7,000 | 151,030 | ||||||
Value Added Technology Co Ltd |
2,433 | 83,144 | ||||||
|
|
|||||||
2,384,493 | ||||||||
|
|
|||||||
Spain - 3.6% |
|
|||||||
Acciona SA |
900 | 149,619 | ||||||
Acerinox SA |
8,754 | 112,201 | ||||||
Atresmedia Corp de Medios de Comunicacion SA * |
17,597 | 75,582 | ||||||
Banco de Sabadell SA * |
230,000 | 192,275 | ||||||
Cia de Distribucion Integral Logista Holdings SA |
5,348 | 112,808 | ||||||
Enagas SA |
6,275 | 139,456 | ||||||
Ercros SA * |
25,000 | 102,369 | ||||||
Lar Espana Real Estate Socimi SA REIT |
15,262 | 94,935 | ||||||
Mediaset Espana Comunicacion SA * |
15,334 | 87,177 | ||||||
Pharma Mar SA |
1,014 | 87,225 | ||||||
Vidrala SA |
616 | 67,216 | ||||||
Viscofan SA |
1,965 | 128,717 | ||||||
|
|
|||||||
1,349,580 | ||||||||
|
|
|||||||
Sweden - 3.6% |
|
|||||||
Betsson AB B |
22,956 | 190,898 | ||||||
Bilia AB A |
7,500 | 135,350 | ||||||
Coor Service Management Holding AB ~ |
12,000 | 113,703 | ||||||
Evolution AB ~ |
1,418 | 214,741 | ||||||
Humana AB * |
11,000 | 92,106 | ||||||
Inwido AB |
10,000 | 167,230 | ||||||
LeoVegas AB ~ |
18,827 | 73,231 | ||||||
Tethys Oil AB |
15,692 | 108,621 | ||||||
Trelleborg AB B |
6,416 | 136,207 | ||||||
Vitrolife AB |
2,000 | 105,501 | ||||||
|
|
|||||||
1,337,588 | ||||||||
|
|
|||||||
Switzerland - 5.2% |
|
|||||||
ALSO Holding AG |
506 | 145,948 | ||||||
Ascom Holding AG * |
4,500 | 70,950 |
Shares |
Value |
|||||||
Baloise Holding AG |
1,100 | $166,859 | ||||||
BKW AG |
1,009 | 108,932 | ||||||
Bobst Group SA * |
1,213 | 105,297 | ||||||
Cembra Money Bank AG |
1,100 | 73,876 | ||||||
dormakaba Holding AG |
150 | 108,822 | ||||||
Emmi AG |
110 | 113,665 | ||||||
Forbo Holding AG |
69 | 136,291 | ||||||
Interroll Holding AG |
46 | 194,968 | ||||||
Julius Baer Group Ltd |
1,573 | 104,510 | ||||||
Logitech International SA |
2,736 | 243,414 | ||||||
Sonova Holding AG |
706 | 266,803 | ||||||
Swissquote Group Holding SA |
550 | 101,320 | ||||||
|
|
|||||||
1,941,655 | ||||||||
|
|
|||||||
United Kingdom - 9.6% |
|
|||||||
BMO Coercial Property Trust Ltd REIT |
83,000 | 107,696 | ||||||
Centrica PLC * |
200,000 | 151,872 | ||||||
CLS Holdings PLC |
31,000 | 92,480 | ||||||
Computacenter PLC |
6,798 | 247,280 | ||||||
Empiric Student Property PLC REIT * |
104,707 | 124,999 | ||||||
IG Group Holdings PLC |
11,000 | 118,868 | ||||||
IMI PLC |
10,831 | 242,255 | ||||||
Inchcape PLC |
16,971 | 185,449 | ||||||
Indivior PLC * |
50,000 | 145,384 | ||||||
ITV PLC * |
110,000 | 157,319 | ||||||
Keller Group PLC |
8,285 | 106,274 | ||||||
Man Group PLC |
66,092 | 181,934 | ||||||
Pagegroup PLC |
16,992 | 142,178 | ||||||
PZ Cussons PLC |
28,000 | 85,075 | ||||||
Quilter PLC ~ |
77,054 | 147,761 | ||||||
Redrow PLC |
13,173 | 118,298 | ||||||
Renishaw PLC |
1,700 | 107,925 | ||||||
Rightmove PLC |
22,677 | 208,339 | ||||||
Royal Mail PLC |
30,007 | 169,699 | ||||||
Safestore Holdings PLC REIT |
12,573 | 177,710 | ||||||
Savills PLC |
5,172 | 94,148 | ||||||
Spectris PLC |
3,100 | 160,889 | ||||||
Spirent Communications PLC |
41,609 | 156,755 | ||||||
Travis Perkins PLC |
6,247 | 128,442 | ||||||
Wickes Group PLC |
7,000 | 21,467 | ||||||
|
|
|||||||
3,580,496 | ||||||||
|
|
|||||||
United States - 1.5% |
|
|||||||
BRP Inc |
1,400 | 129,588 | ||||||
Inmode Ltd * |
1,900 | 302,955 | ||||||
Reliance Worldwide Corp Ltd |
37,000 | 134,541 | ||||||
|
|
|||||||
567,084 | ||||||||
|
|
|||||||
Total Common Stocks |
36,501,935 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENT - 0.7% |
|
|||||||
Money Market Fund - 0.7% |
|
|||||||
BlackRock Liquidity Funds T-Fund
Portfolio |
244,218 | 244,218 | ||||||
|
|
|||||||
Total Short-Term Investment |
244,218 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 98.9% |
|
36,941,168 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - 1.1% |
|
405,826 | ||||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$37,346,994 | ||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-106
PACIFIC FUNDS
PF INTERNATIONAL SMALL-CAP FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Financial |
20.0% | |||
Industrial |
18.1% | |||
Consumer, Non-Cyclical |
18.1% | |||
Consumer, Cyclical |
14.7% | |||
Basic Materials |
8.3% | |||
Technology |
6.8% | |||
Communications |
6.7% | |||
Energy |
3.7% | |||
Others (each less than 3.0%) |
2.5% | |||
|
|
|||
98.9% | ||||
Other Assets & Liabilities, Net |
1.1% | |||
|
|
|||
100.0% | ||||
|
|
(b) | As of September 30, 2021, the Funds composition by country of risk as a percentage of net assets was as follows: |
Japan |
20.8% | |||
Canada |
12.0% | |||
United Kingdom |
9.6% | |||
Germany |
7.0% | |||
South Korea |
6.4% | |||
Switzerland |
5.2% | |||
France |
4.7% | |||
Spain |
3.6% | |||
Sweden |
3.6% | |||
Netherlands |
3.4% | |||
Australia |
3.2% | |||
Others (each less than 3.0%) |
19.4% | |||
|
|
|||
98.9% | ||||
Other Assets & Liabilities, Net |
1.1% | |||
|
|
|||
100.0% | ||||
|
|
(c) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Preferred Stocks |
|||||||||||||||||
Germany |
$195,015 | $81,953 | $113,062 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Preferred Stocks |
195,015 | 81,953 | 113,062 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Common Stocks |
||||||||||||||||||
Australia |
1,194,622 | 115,790 | 1,078,832 | | ||||||||||||||
Austria |
154,356 | | 154,356 | | ||||||||||||||
Belgium |
443,765 | | 443,765 | | ||||||||||||||
Canada |
4,476,808 | 4,476,808 | | | ||||||||||||||
China |
149,969 | | 149,969 | | ||||||||||||||
Denmark |
1,059,819 | 81,158 | 978,661 | | ||||||||||||||
Finland |
583,298 | 166,593 | 416,705 | | ||||||||||||||
France |
1,769,511 | 380,952 | 1,388,559 | | ||||||||||||||
Georgia |
114,241 | 114,241 | | | ||||||||||||||
Germany |
2,433,683 | 495,426 | 1,938,257 | | ||||||||||||||
Hong Kong |
930,227 | 94,165 | 836,062 | | ||||||||||||||
Indonesia |
103,380 | | 103,380 | | ||||||||||||||
Ireland |
289,187 | 289,187 | | | ||||||||||||||
Israel |
212,659 | 148,932 | 63,727 | | ||||||||||||||
Italy |
936,970 | | 936,970 | | ||||||||||||||
Japan |
7,757,354 | 231,371 | 7,525,983 | | ||||||||||||||
Jordan |
162,342 | | 162,342 | | ||||||||||||||
Kyrgyzstan |
92,155 | 92,155 | | | ||||||||||||||
Luxembourg |
236,831 | | 236,831 | | ||||||||||||||
Malta |
224,940 | | 224,940 | | ||||||||||||||
Netherlands |
1,281,711 | | 1,281,711 | | ||||||||||||||
Nigeria |
67,168 | 67,168 | | | ||||||||||||||
Norway |
305,937 | | 305,937 | | ||||||||||||||
Portugal |
115,951 | | 115,951 | | ||||||||||||||
Singapore |
244,155 | | 244,155 | | ||||||||||||||
South Korea |
2,384,493 | | 2,384,493 | | ||||||||||||||
Spain |
1,349,580 | 668,804 | 680,776 | | ||||||||||||||
Sweden |
1,337,588 | 577,332 | 760,256 | | ||||||||||||||
Switzerland |
1,941,655 | 413,930 | 1,527,725 | | ||||||||||||||
United Kingdom |
3,580,496 | 1,771,324 | 1,809,172 | | ||||||||||||||
United States |
567,084 | 432,543 | 134,541 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Common Stocks |
36,501,935 | 10,617,879 | 25,884,056 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Short-Term Investment |
244,218 | 244,218 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$36,941,168 | $10,944,050 | $25,997,118 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-107
PACIFIC FUNDS
PF INTERNATIONAL VALUE FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 97.1% |
|
|||||||
Argentina - 0.1% |
|
|||||||
YPF SA ADR * |
7,752 | $36,124 | ||||||
|
|
|||||||
Austria - 0.7% |
|
|||||||
Erste Group Bank AG |
5,760 | 252,917 | ||||||
|
|
|||||||
Belgium - 0.8% |
|
|||||||
Ageas SA |
5,734 | 283,950 | ||||||
|
|
|||||||
Brazil - 0.6% |
|
|||||||
Cia de Saneamento Basico do Estado de Sao Paulo |
29,538 | 208,772 | ||||||
|
|
|||||||
Burkina Faso - 0.3% |
|
|||||||
Endeavour Mining PLC |
3,967 | 89,293 | ||||||
|
|
|||||||
Canada - 2.3% |
|
|||||||
ARC Resources Ltd |
13,903 | 130,293 | ||||||
Barrick Gold Corp |
14,152 | 255,531 | ||||||
Cameco Corp |
6,980 | 151,675 | ||||||
Kinross Gold Corp |
24,849 | 133,191 | ||||||
Tourmaline Oil Corp |
4,173 | 145,788 | ||||||
|
|
|||||||
816,478 | ||||||||
|
|
|||||||
China - 0.8% |
|
|||||||
Dongfeng Motor Group Co Ltd H |
324,047 | 288,564 | ||||||
|
|
|||||||
Denmark - 0.1% |
|
|||||||
The Drilling Co of 1972 AS * |
460 | 17,264 | ||||||
|
|
|||||||
Finland - 1.2% |
|
|||||||
Nokia OYJ * |
79,996 | 441,202 | ||||||
|
|
|||||||
France - 12.9% |
|
|||||||
AXA SA |
19,579 | 542,598 | ||||||
BNP Paribas SA |
8,714 | 557,528 | ||||||
Cie de Saint-Gobain |
9,265 | 623,507 | ||||||
Dassault Aviation SA |
1,300 | 146,132 | ||||||
Engie SA |
39,547 | 517,401 | ||||||
Orange SA |
28,045 | 303,303 | ||||||
Renault SA * |
5,424 | 192,427 | ||||||
Rexel SA |
12,980 | 250,100 | ||||||
SCOR SE |
5,533 | 159,327 | ||||||
Societe Generale SA |
13,500 | 422,751 | ||||||
Total Energies SE |
18,194 | 869,636 | ||||||
|
|
|||||||
4,584,710 | ||||||||
|
|
|||||||
Germany - 3.8% |
|
|||||||
CECONOMY AG * |
19,282 | 82,845 | ||||||
Continental AG * |
2,443 | 265,209 | ||||||
Daimler AG |
5,327 | 470,010 | ||||||
Fresenius SE & Co KGaA |
9,638 | 461,324 | ||||||
METRO AG |
4,034 | 52,339 | ||||||
|
|
|||||||
1,331,727 | ||||||||
|
|
|||||||
Hong Kong - 0.8% |
|
|||||||
CK Asset Holdings Ltd |
47,403 | 273,505 | ||||||
|
|
Shares |
Value |
|||||||
India - 1.4% |
|
|||||||
Canara Bank * |
49,615 | $114,753 | ||||||
NTPC Ltd |
18,725 | 35,663 | ||||||
Oil & Natural Gas Corp Ltd |
126,082 | 243,754 | ||||||
Zee Entertainment Enterprises Ltd |
27,913 | 113,388 | ||||||
|
|
|||||||
507,558 | ||||||||
|
|
|||||||
Indonesia - 0.7% |
|
|||||||
P.T. Bank Mandiri Persero Tbk |
617,076 | 263,730 | ||||||
|
|
|||||||
Ireland - 1.3% |
|
|||||||
AIB Group PLC * |
74,408 | 202,536 | ||||||
Bank of Ireland Group PLC * |
43,599 | 258,577 | ||||||
|
|
|||||||
461,113 | ||||||||
|
|
|||||||
Italy - 4.8% |
|
|||||||
Assicurazioni Generali SPA |
19,324 | 409,267 | ||||||
BPER Banca |
53,911 | 120,011 | ||||||
Eni SPA |
41,415 | 552,278 | ||||||
Saipem SPA * |
49,839 | 122,301 | ||||||
UniCredit SPA |
37,941 | 502,099 | ||||||
|
|
|||||||
1,705,956 | ||||||||
|
|
|||||||
Japan - 25.4% |
|
|||||||
Alfresa Holdings Corp |
9,050 | 135,193 | ||||||
Alps Alpine Co Ltd |
11,320 | 122,656 | ||||||
Benesse Holdings Inc |
769 | 17,389 | ||||||
Chiyoda Corp * |
11,331 | 39,692 | ||||||
Dai-ichi Life Holdings Inc |
17,474 | 382,175 | ||||||
DeNA Co Ltd |
8,991 | 166,772 | ||||||
Eisai Co Ltd |
1,948 | 145,920 | ||||||
Fuji Media Holdings Inc |
6,056 | 64,085 | ||||||
Gree Inc |
24,341 | 134,080 | ||||||
Hino Motors Ltd |
33,610 | 312,098 | ||||||
Honda Motor Co Ltd |
23,545 | 723,863 | ||||||
Inpex Corp |
37,837 | 294,612 | ||||||
Isuzu Motors Ltd |
30,216 | 393,117 | ||||||
Japan Airlines Co Ltd * |
14,110 | 335,913 | ||||||
JGC Holdings Corp |
20,653 | 192,113 | ||||||
Kamigumi Co Ltd |
6,640 | 139,158 | ||||||
Mitsubishi Estate Co Ltd |
21,380 | 340,430 | ||||||
Mitsubishi Heavy Industries Ltd |
4,486 | 120,198 | ||||||
Mitsubishi Motors Corp * |
26,864 | 73,278 | ||||||
Mitsubishi UFJ Financial Group Inc |
95,848 | 566,590 | ||||||
Nikon Corp |
18,179 | 201,848 | ||||||
Nippon Television Holdings Inc |
11,259 | 127,139 | ||||||
Nissan Motor Co Ltd * |
54,108 | 270,403 | ||||||
Nomura Holdings Inc |
25,903 | 127,699 | ||||||
Ono Pharmaceutical Co Ltd |
12,660 | 288,695 | ||||||
Resona Holdings Inc |
96,632 | 386,529 | ||||||
Shimamura Co Ltd |
2,959 | 276,579 | ||||||
Subaru Corp |
4,130 | 76,321 | ||||||
Sumitomo Electric Industries Ltd |
14,770 | 196,407 | ||||||
Sumitomo Heavy Industries Ltd |
5,480 | 142,819 | ||||||
Sumitomo Mitsui Financial Group Inc |
13,456 | 473,374 | ||||||
Sumitomo Mitsui Trust Holdings Inc |
10,566 | 363,893 | ||||||
T&D Holdings Inc |
35,629 | 488,755 | ||||||
Taiheiyo Cement Corp |
6,880 | 142,145 | ||||||
Takeda Pharmaceutical Co Ltd |
13,180 | 434,713 | ||||||
THK Co Ltd |
9,257 | 203,134 | ||||||
Toppan Inc |
6,590 | 111,736 | ||||||
|
|
|||||||
9,011,521 | ||||||||
|
|
|||||||
Luxembourg - 0.6% |
|
|||||||
RTL Group SA |
3,456 | 205,216 | ||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-108
PACIFIC FUNDS
PF INTERNATIONAL VALUE FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
Malaysia - 0.4% |
|
|||||||
CIMB Group Holdings Bhd |
123,092 | $139,979 | ||||||
|
|
|||||||
Mexico - 1.0% |
|
|||||||
America Movil SAB de CV L ADR |
19,241 | 339,988 | ||||||
|
|
|||||||
Netherlands - 5.7% |
|
|||||||
ABN AMRO Bank NV ~ |
24,455 | 352,821 | ||||||
ING Groep NV |
37,451 | 544,482 | ||||||
PostNL NV |
23,781 | 114,745 | ||||||
Royal Dutch Shell PLC B |
46,220 | 1,024,079 | ||||||
|
|
|||||||
2,036,127 | ||||||||
|
|
|||||||
Norway - 0.9% |
|
|||||||
Norsk Hydro ASA |
41,209 | 307,584 | ||||||
|
|
|||||||
Russia - 2.3% |
|
|||||||
Gazprom PJSC ADR |
39,143 | 389,081 | ||||||
LUKOIL PJSC ADR |
1,040 | 98,446 | ||||||
Sberbank of Russia PJSC ADR |
10,177 | 190,819 | ||||||
VEON Ltd ADR * |
60,349 | 125,526 | ||||||
|
|
|||||||
803,872 | ||||||||
|
|
|||||||
South Africa - 2.7% |
|
|||||||
Anglo American PLC |
11,400 | 399,555 | ||||||
Gold Fields Ltd ADR |
15,836 | 128,588 | ||||||
Impala Platinum Holdings Ltd |
1,733 | 19,531 | ||||||
MTN Group * |
23,599 | 221,657 | ||||||
Old Mutual Ltd |
180,148 | 198,227 | ||||||
|
|
|||||||
967,558 | ||||||||
|
|
|||||||
South Korea - 4.4% |
|
|||||||
Coway Co Ltd |
2,736 | 170,772 | ||||||
Hankook Tire & Technology Co Ltd |
4,552 | 164,961 | ||||||
KB Financial Group Inc |
9,966 | 463,494 | ||||||
KT Corp ADR |
28,719 | 391,153 | ||||||
Shinhan Financial Group Co Ltd |
11,302 | 381,777 | ||||||
|
|
|||||||
1,572,157 | ||||||||
|
|
|||||||
Spain - 1.2% |
|
|||||||
CaixaBank SA |
137,685 | 426,965 | ||||||
|
|
|||||||
Switzerland - 5.2% |
|
|||||||
Adecco Group AG |
9,624 | 482,217 | ||||||
Holcim Ltd |
10,572 | 509,412 | ||||||
Julius Baer Group Ltd |
1,954 | 129,823 | ||||||
UBS Group AG |
44,738 | 714,091 | ||||||
|
|
|||||||
1,835,543 | ||||||||
|
|
|||||||
Taiwan - 1.8% |
|
|||||||
Catcher Technology Co Ltd |
38,865 | 232,324 | ||||||
Hon Hai Precision Industry Co Ltd |
70,208 | 262,059 | ||||||
Shin Kong Financial Holding Co Ltd |
379,287 | 126,030 | ||||||
|
|
|||||||
620,413 | ||||||||
|
|
Shares |
Value |
|||||||
Thailand - 1.0% |
|
|||||||
Kasikornbank PCL |
14,175 | $55,138 | ||||||
Kasikornbank PCL NVDR |
80,051 | 311,875 | ||||||
|
|
|||||||
367,013 | ||||||||
|
|
|||||||
Turkey - 0.8% |
|
|||||||
Turk Telekomunikasyon AS |
149,118 | 125,593 | ||||||
Turkcell Iletisim Hizmetleri AS |
86,502 | 148,422 | ||||||
|
|
|||||||
274,015 | ||||||||
|
|
|||||||
United Kingdom - 10.4% |
|
|||||||
Babcock International Group PLC * |
34,735 | 173,174 | ||||||
BAE Systems PLC |
61,664 | 467,046 | ||||||
BP PLC |
165,455 | 753,623 | ||||||
BT Group PLC * |
134,299 | 287,912 | ||||||
Centrica PLC * |
185,063 | 140,529 | ||||||
J Sainsbury PLC |
85,687 | 328,420 | ||||||
Kingfisher PLC |
43,325 | 195,564 | ||||||
Land Securities Group PLC REIT |
19,424 | 181,038 | ||||||
Marks & Spencer Group PLC * |
51,704 | 126,914 | ||||||
Standard Chartered PLC |
56,787 | 331,964 | ||||||
The British Land Co PLC REIT |
28,068 | 186,249 | ||||||
WPP PLC |
37,970 | 508,706 | ||||||
|
|
|||||||
3,681,139 | ||||||||
|
|
|||||||
United States - 0.7% |
|
|||||||
Ovintiv Inc |
7,433 | 244,246 | ||||||
|
|
|||||||
Total Common Stocks |
34,396,199 | |||||||
|
|
|||||||
EXCHANGE-TRADED FUND - 0.5% |
|
|||||||
iShares Core MSCI EAFE |
2,356 | 174,933 | ||||||
|
|
|||||||
Total Exchange-Traded Fund |
174,933 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENT - 1.1% |
|
|||||||
Money Market Fund - 1.1% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
402,875 | 402,875 | ||||||
|
|
|||||||
Total Short-Term Investment |
402,875 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 98.7% |
|
34,974,007 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - 1.3% |
|
459,459 | ||||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$35,433,466 | ||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-109
PACIFIC FUNDS
PF INTERNATIONAL VALUE FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by sector as a percentage of net assets was as follows: |
Financial |
34.5% | |||
Energy |
13.9% | |||
Consumer, Cyclical |
13.4% | |||
Industrial |
10.3% | |||
Communications |
9.6% | |||
Consumer, Non-Cyclical |
7.8% | |||
Basic Materials |
4.2% | |||
Others (each less than 3.0%) |
5.0% | |||
|
|
|||
98.7% | ||||
Other Assets & Liabilities, Net |
1.3% | |||
|
|
|||
100.0% | ||||
|
|
(b) | As of September 30, 2021, the Funds composition by country of risk as a percentage of net assets was as follows: |
Japan |
25.4% | |||
France |
12.9% | |||
United Kingdom |
10.4% | |||
Netherlands |
5.7% | |||
Switzerland |
5.2% | |||
Italy |
4.8% | |||
South Korea |
4.4% | |||
Germany |
3.8% | |||
Others (each less than 3.0%) |
26.1% | |||
|
|
|||
98.7% | ||||
Other Assets & Liabilities, Net |
1.3% | |||
|
|
|||
100.0% | ||||
|
|
(c) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
|||||||||||||||||
Argentina |
$36,124 | $36,124 | $ | $ | ||||||||||||||
Austria |
252,917 | | 252,917 | | ||||||||||||||
Belgium |
283,950 | | 283,950 | | ||||||||||||||
Brazil |
208,772 | 208,772 | | | ||||||||||||||
Burkina Faso |
89,293 | 89,293 | | | ||||||||||||||
Canada |
816,478 | 816,478 | | | ||||||||||||||
China |
288,564 | | 288,564 | | ||||||||||||||
Denmark |
17,264 | | 17,264 | | ||||||||||||||
Finland |
441,202 | | 441,202 | | ||||||||||||||
France |
4,584,710 | | 4,584,710 | | ||||||||||||||
Germany |
1,331,727 | | 1,331,727 | | ||||||||||||||
Hong Kong |
273,505 | | 273,505 | | ||||||||||||||
India |
507,558 | | 507,558 | | ||||||||||||||
Indonesia |
263,730 | | 263,730 | | ||||||||||||||
Ireland |
461,113 | | 461,113 | | ||||||||||||||
Italy |
1,705,956 | | 1,705,956 | | ||||||||||||||
Japan |
9,011,521 | | 9,011,521 | | ||||||||||||||
Luxembourg |
205,216 | | 205,216 | | ||||||||||||||
Malaysia |
139,979 | | 139,979 | | ||||||||||||||
Mexico |
339,988 | 339,988 | | | ||||||||||||||
Netherlands |
2,036,127 | | 2,036,127 | | ||||||||||||||
Norway |
307,584 | | 307,584 | | ||||||||||||||
Russia |
803,872 | 803,872 | | | ||||||||||||||
South Africa |
967,558 | 326,815 | 640,743 | | ||||||||||||||
South Korea |
1,572,157 | 391,153 | 1,181,004 | | ||||||||||||||
Spain |
426,965 | | 426,965 | | ||||||||||||||
Switzerland |
1,835,543 | | 1,835,543 | | ||||||||||||||
Taiwan |
620,413 | | 620,413 | | ||||||||||||||
Thailand |
367,013 | | 367,013 | | ||||||||||||||
Turkey |
274,015 | 125,593 | 148,422 | | ||||||||||||||
United Kingdom |
3,681,139 | | 3,681,139 | | ||||||||||||||
United States |
244,246 | 244,246 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Common Stocks |
34,396,199 | 3,382,334 | 31,013,865 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Exchange-Traded Fund |
174,933 | 174,933 | | | ||||||||||||||
Short-Term Investment |
402,875 | 402,875 | | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$34,974,007 | $3,960,142 | $31,013,865 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-110
PACIFIC FUNDS
PF MULTI-ASSET FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
CORPORATE BONDS & NOTES - 53.0% |
|
|||||||
Basic Materials - 0.9% |
|
|||||||
DuPont de Nemours Inc |
$2,500,000 | $2,549,737 | ||||||
Glencore Funding LLC (Australia) |
1,600,000 | 1,638,400 | ||||||
4.625% due 04/29/24 ~ |
2,000,000 | 2,180,143 | ||||||
LYB International Finance III LLC |
3,850,000 | 3,852,261 | ||||||
|
|
|||||||
10,220,541 | ||||||||
|
|
|||||||
Communications - 3.1% |
|
|||||||
AT&T Inc |
4,550,000 | 4,558,619 | ||||||
0.900% due 03/25/24 |
1,400,000 | 1,402,310 | ||||||
1.294% (USD LIBOR + 1.180%) |
7,750,000 | 7,942,517 | ||||||
Charter Communications Operating LLC |
500,000 | 514,328 | ||||||
eBay Inc |
350,000 | 353,691 | ||||||
1.900% due 03/11/25 |
2,500,000 | 2,576,074 | ||||||
3.800% due 03/09/22 |
3,060,000 | 3,096,357 | ||||||
NTT Finance Corp (Japan) |
4,000,000 | 3,995,804 | ||||||
Sprint Spectrum Co LLC |
4,676,875 | 5,000,749 | ||||||
Verizon Communications Inc |
5,000,000 | 5,020,401 | ||||||
|
|
|||||||
34,460,850 | ||||||||
|
|
|||||||
Consumer, Cyclical - 1.9% |
|
|||||||
7-Eleven Inc |
2,000,000 | 2,000,508 | ||||||
Brunswick Corp |
1,500,000 | 1,500,316 | ||||||
DR Horton Inc |
2,000,000 | 2,096,068 | ||||||
4.375% due 09/15/22 |
1,000,000 | 1,026,858 | ||||||
Ford Motor Credit Co LLC |
3,200,000 | 3,190,728 | ||||||
3.087% due 01/09/23 |
1,000,000 | 1,015,950 | ||||||
General Motors Financial Co Inc |
2,000,000 | 2,009,168 | ||||||
Hyatt Hotels Corp |
2,500,000 | 2,503,668 | ||||||
Marriott International Inc |
1,000,000 | 1,065,862 | ||||||
Nissan Motor Acceptance Corp |
1,700,000 | 1,702,418 | ||||||
Toyota Motor Credit Corp |
3,000,000 | 3,115,573 | ||||||
|
|
|||||||
21,227,117 | ||||||||
|
|
|||||||
Consumer, Non-Cyclical - 6.6% |
|
|||||||
AmerisourceBergen Corp |
1,550,000 | 1,552,464 | ||||||
Anthem Inc |
1,200,000 | 1,250,701 |
Principal |
Value |
|||||||
Avery Dennison Corp |
$2,000,000 | $2,000,824 | ||||||
Bayer US Finance II LLC (Germany) |
3,200,000 | 3,243,751 | ||||||
Bristol-Myers Squibb Co |
2,200,000 | 2,200,441 | ||||||
Cigna Corp |
8,678,000 | 8,786,608 | ||||||
Coca-Cola Europacific Partners PLC (United Kingdom) |
5,000,000 | 4,985,698 | ||||||
General Mills Inc |
7,061,000 | 7,185,736 | ||||||
Gilead Sciences Inc |
3,750,000 | 3,750,193 | ||||||
GlaxoSmithKline Capital PLC (United Kingdom) |
2,150,000 | 2,153,793 | ||||||
Hormel Foods Corp |
2,350,000 | 2,352,514 | ||||||
Humana Inc |
2,800,000 | 2,801,970 | ||||||
JDE Peets NV (Netherlands) |
1,500,000 | 1,496,187 | ||||||
Keurig Dr Pepper Inc |
3,000,000 | 3,002,550 | ||||||
PayPal Holdings Inc |
1,750,000 | 1,779,605 | ||||||
2.200% due 09/26/22 |
7,500,000 | 7,645,316 | ||||||
PerkinElmer Inc |
2,700,000 | 2,702,602 | ||||||
Philip Morris International Inc |
2,000,000 | 2,025,890 | ||||||
Quanta Services Inc |
1,750,000 | 1,751,053 | ||||||
Royalty Pharma PLC |
3,500,000 | 3,512,060 | ||||||
Suntory Holdings Ltd (Japan) |
3,500,000 | 3,627,195 | ||||||
UnitedHealth Group Inc |
4,400,000 | 4,499,864 | ||||||
|
|
|||||||
74,307,015 | ||||||||
|
|
|||||||
Energy - 1.9% |
|
|||||||
Energy Transfer LP |
3,400,000 | 3,506,232 | ||||||
4.250% due 03/15/23 |
1,519,000 | 1,583,852 | ||||||
Kinder Morgan Energy Partners LP |
2,000,000 | 2,048,028 | ||||||
Kinder Morgan Inc |
1,000,000 | 1,014,355 | ||||||
5.625% due 11/15/23 ~ |
915,000 | 996,439 | ||||||
MPLX LP |
1,500,000 | 1,557,964 | ||||||
3.500% due 12/01/22 |
1,606,000 | 1,657,080 | ||||||
Phillips 66 |
5,000,000 | 5,002,843 | ||||||
Valero Energy Corp |
4,170,000 | 4,217,806 | ||||||
|
|
|||||||
21,584,599 | ||||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-111
PACIFIC FUNDS
PF MULTI-ASSET FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
Financial - 26.5% |
|
|||||||
AIG Global Funding |
$1,000,000 | $997,823 | ||||||
Air Lease Corp |
1,500,000 | 1,490,939 | ||||||
2.625% due 07/01/22 |
1,500,000 | 1,521,293 | ||||||
3.500% due 01/15/22 |
2,650,000 | 2,672,995 | ||||||
American Express Co |
5,000,000 | 5,037,783 | ||||||
Athene Global Funding |
4,550,000 | 4,572,928 | ||||||
1.360% (USD LIBOR + 1.230%) |
4,500,000 | 4,536,178 | ||||||
Banco Santander SA (Spain) |
2,200,000 | 2,204,644 | ||||||
2.706% due 06/27/24 |
2,900,000 | 3,051,021 | ||||||
2.746% due 05/28/25 |
1,250,000 | 1,311,693 | ||||||
Bank of America Corp |
9,321,000 | 9,353,524 | ||||||
2.503% due 10/21/22 |
600,000 | 600,648 | ||||||
Canadian Imperial Bank of Commerce (Canada) |
7,000,000 | 7,001,674 | ||||||
Capital One NA |
2,000,000 | 2,033,179 | ||||||
Citigroup Inc |
600,000 | 605,750 | ||||||
0.776% due 10/30/24 |
1,200,000 | 1,204,829 | ||||||
0.981% due 05/01/25 |
2,100,000 | 2,107,306 | ||||||
1.075% (USD LIBOR + 0.950%) |
3,200,000 | 3,220,375 | ||||||
1.224% (USD LIBOR + 1.100%) |
2,800,000 | 2,843,690 | ||||||
1.678% due 05/15/24 |
600,000 | 611,859 | ||||||
Citizens Bank NA |
3,000,000 | 3,033,862 | ||||||
Cooperatieve Rabobank UA (Netherlands) |
2,000,000 | 1,991,259 | ||||||
0.992% (USD LIBOR + 0.860%) |
2,500,000 | 2,536,731 | ||||||
Credit Suisse AG (Switzerland) |
3,000,000 | 2,989,824 | ||||||
1.000% due 05/05/23 |
1,750,000 | 1,766,604 | ||||||
Danske Bank AS (Denmark) |
1,650,000 | 1,647,735 | ||||||
Fifth Third Bank NA |
5,000,000 | 5,092,239 | ||||||
HSBC Holdings PLC (United Kingdom) |
2,650,000 | 2,652,560 | ||||||
0.976% due 05/24/25 |
3,500,000 | 3,494,711 | ||||||
1.125% (USD LIBOR + 1.000%) |
2,300,000 | 2,328,263 | ||||||
Intercontinental Exchange Inc |
2,500,000 | 2,511,697 | ||||||
3.450% due 09/21/23 |
2,200,000 | 2,323,119 | ||||||
Jackson National Life Global Funding |
1,850,000 | 1,880,724 | ||||||
3.300% due 02/01/22 ~ |
2,650,000 | 2,677,161 | ||||||
JPMorgan Chase & Co |
2,500,000 | 2,507,791 | ||||||
0.824% due 06/01/25 |
2,500,000 | 2,500,177 | ||||||
0.868% (USD LIBOR + 0.730%) |
1,200,000 | 1,211,031 | ||||||
0.969% due 06/23/25 |
2,350,000 | 2,353,783 | ||||||
1.025% (USD LIBOR + 0.900%) |
1,000,000 | 1,007,653 |
Principal |
Value |
|||||||
1.028% (USD LIBOR + 0.890%) |
$1,000,000 | $1,013,420 | ||||||
Lloyds Banking Group PLC (United Kingdom) |
2,000,000 | 2,013,083 | ||||||
MassMutual Global Funding II |
10,000,000 | 9,999,514 | ||||||
Metropolitan Life Global Funding I |
2,000,000 | 1,991,570 | ||||||
Mid-America Apartments LP REIT |
2,000,000 | 2,131,110 | ||||||
Mitsubishi UFJ Financial Group Inc (Japan) |
4,350,000 | 4,370,422 | ||||||
0.860% (USD LIBOR + 0.740%) |
5,700,000 | 5,751,336 | ||||||
0.953% due 07/19/25 |
7,000,000 | 7,009,773 | ||||||
Mizuho Financial Group Inc (Japan) |
3,000,000 | 3,035,875 | ||||||
Morgan Stanley |
4,000,000 | 4,003,707 | ||||||
0.731% due 04/05/24 |
3,000,000 | 3,010,664 | ||||||
0.790% due 05/30/25 |
2,900,000 | 2,892,083 | ||||||
1.345% (USD LIBOR + 1.220%) |
700,000 | 711,653 | ||||||
Nasdaq Inc |
1,650,000 | 1,650,148 | ||||||
NatWest Markets PLC (United Kingdom) |
1,800,000 | 1,810,518 | ||||||
New York Life Global Funding |
1,650,000 | 1,652,218 | ||||||
0.561% (USD LIBOR + 0.440%) |
2,000,000 | 2,007,115 | ||||||
0.636% (USD LIBOR + 0.520%) |
2,000,000 | 2,007,333 | ||||||
PNC Bank NA |
3,350,000 | 3,354,819 | ||||||
Protective Life Global Funding |
2,400,000 | 2,407,999 | ||||||
0.781% due 07/05/24 ~ |
1,500,000 | 1,501,239 | ||||||
Reliance Standard Life Global Funding II |
2,100,000 | 2,146,174 | ||||||
Royal Bank of Canada (Canada) |
8,500,000 | 8,506,583 | ||||||
0.650% due 07/29/24 |
7,500,000 | 7,486,166 | ||||||
0.793% (USD LIBOR + 0.660%) |
6,000,000 | 6,070,742 | ||||||
3.700% due 10/05/23 |
400,000 | 425,582 | ||||||
Skandinaviska Enskilda Banken AB (Sweden) |
6,500,000 | 6,523,310 | ||||||
0.550% due 09/01/23 ~ |
5,000,000 | 5,009,400 | ||||||
Standard Chartered PLC (United Kingdom) |
2,900,000 | 2,905,695 | ||||||
1.319% due 10/14/23 ~ |
2,000,000 | 2,012,937 | ||||||
3.885% due 03/15/24 ~ |
1,000,000 | 1,044,554 | ||||||
State Street Corp |
2,000,000 | 2,024,570 | ||||||
Sumitomo Mitsui Financial Group Inc (Japan) |
7,500,000 | 7,605,405 | ||||||
1.402% due 09/17/26 |
8,000,000 | 7,938,389 | ||||||
Sumitomo Mitsui Trust Bank Ltd (Japan) |
4,500,000 | 4,512,540 | ||||||
The Bank of Nova Scotia (Canada) |
7,500,000 | 7,490,040 | ||||||
The Charles Schwab Corp |
3,000,000 | 3,014,924 |
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-112
PACIFIC FUNDS
PF MULTI-ASSET FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
The Goldman Sachs Group Inc |
$8,100,000 | $8,102,774 | ||||||
3.625% due 02/20/24 |
2,300,000 | 2,451,449 | ||||||
The Toronto-Dominion Bank (Canada) |
5,000,000 | 5,030,843 | ||||||
0.774% (USD LIBOR + 0.640%) |
10,000,000 | 10,101,891 | ||||||
UBS AG (Switzerland) |
7,250,000 | 7,278,413 | ||||||
0.450% due 02/09/24 ~ |
5,000,000 | 4,978,193 | ||||||
1.750% due 04/21/22 ~ |
2,250,000 | 2,266,292 | ||||||
UBS Group AG (Switzerland) |
1,500,000 | 1,510,178 | ||||||
2.650% due 02/01/22 ~ |
2,500,000 | 2,519,428 | ||||||
Ventas Realty LP REIT |
1,650,000 | 1,725,263 | ||||||
Wells Fargo & Co |
3,750,000 | 3,824,373 | ||||||
Westpac Banking Corp (Australia) |
1,750,000 | 1,769,432 | ||||||
3.650% due 05/15/23 |
3,251,000 | 3,426,851 | ||||||
|
|
|||||||
297,515,045 | ||||||||
|
|
|||||||
Industrial - 3.1% |
|
|||||||
Berry Global Inc |
2,850,000 | 2,856,783 | ||||||
Carlisle Cos Inc |
2,400,000 | 2,399,479 | ||||||
Graphic Packaging International LLC |
1,950,000 | 1,940,124 | ||||||
Jabil Inc |
1,000,000 | 1,005,836 | ||||||
Otis Worldwide Corp |
1,400,000 | 1,400,149 | ||||||
Penske Truck Leasing Co LP |
2,000,000 | 1,977,687 | ||||||
4.875% due 07/11/22 ~ |
2,000,000 | 2,067,516 | ||||||
Ryder System Inc |
3,000,000 | 3,136,825 | ||||||
Siemens Financieringsmaatschappij NV (Germany) |
6,200,000 | 6,216,352 | ||||||
SYNNEX Corp |
2,800,000 | 2,801,218 | ||||||
Teledyne Technologies Inc |
7,000,000 | 7,012,765 | ||||||
The Boeing Co |
1,500,000 | 1,585,076 | ||||||
|
|
|||||||
34,399,810 | ||||||||
|
|
|||||||
Technology - 2.9% |
|
|||||||
Apple Inc |
2,450,000 | 2,468,522 | ||||||
Fidelity National Information Services Inc |
4,000,000 | 3,995,319 | ||||||
Hewlett Packard Enterprise Co |
1,000,000 | 1,016,336 | ||||||
2.250% due 04/01/23 |
2,100,000 | 2,152,211 | ||||||
Infor Inc |
2,700,000 | 2,729,559 | ||||||
Microchip Technology Inc |
4,950,000 | 4,954,688 | ||||||
Oracle Corp |
1,800,000 | 1,826,331 | ||||||
2.500% due 04/01/25 |
5,450,000 | 5,704,314 |
Principal |
Value |
|||||||
salesforce.com Inc |
$3,600,000 | $3,607,305 | ||||||
VMware Inc |
1,750,000 | 1,752,744 | ||||||
4.500% due 05/15/25 |
2,350,000 | 2,618,788 | ||||||
|
|
|||||||
32,826,117 | ||||||||
|
|
|||||||
Utilities - 6.1% |
||||||||
American Electric Power Co Inc |
2,450,000 | 2,450,197 | ||||||
3.650% due 12/01/21 |
1,250,000 | 1,256,811 | ||||||
Black Hills Corp |
1,500,000 | 1,500,235 | ||||||
CenterPoint Energy Inc |
2,350,000 | 2,355,010 | ||||||
CenterPoint Energy Resources Corp |
850,000 | 850,142 | ||||||
Consolidated Edison Inc |
3,500,000 | 3,496,921 | ||||||
Consumers Energy Co |
4,000,000 | 3,999,682 | ||||||
Dominion Energy Inc |
1,000,000 | 1,057,347 | ||||||
DTE Energy Co |
1,000,000 | 992,542 | ||||||
Edison International |
1,500,000 | 1,652,377 | ||||||
Emera US Finance LP (Canada) |
550,000 | 548,451 | ||||||
Enel Finance International NV (Italy) |
7,000,000 | 6,963,499 | ||||||
Entergy Louisiana LLC |
2,250,000 | 2,250,428 | ||||||
Evergy Inc |
4,176,000 | 4,367,289 | ||||||
Mississippi Power Co |
1,900,000 | 1,902,360 | ||||||
NextEra Energy Capital Holdings Inc |
2,500,000 | 2,509,001 | ||||||
Oklahoma Gas and Electric Co |
3,350,000 | 3,350,112 | ||||||
Oncor Electric Delivery Co LLC |
1,800,000 | 1,897,650 | ||||||
Pacific Gas and Electric Co |
4,500,000 | 4,493,264 | ||||||
PPL Electric Utilities Corp |
3,850,000 | 3,853,696 | ||||||
Public Service Enterprise Group Inc |
2,800,000 | 2,754,433 | ||||||
Southern California Edison Co |
2,000,000 | 2,005,277 | ||||||
0.700% due 08/01/23 |
4,550,000 | 4,558,263 | ||||||
0.880% (SOFR + 0.830%) |
1,800,000 | 1,809,601 | ||||||
1.100% due 04/01/24 |
1,300,000 | 1,306,573 | ||||||
The AES Corp |
1,000,000 | 1,063,555 | ||||||
WEC Energy Group Inc |
2,500,000 | 2,508,525 | ||||||
Xcel Energy Inc |
650,000 | 650,892 | ||||||
|
|
|||||||
68,404,133 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
594,945,227 | |||||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-113
PACIFIC FUNDS
PF MULTI-ASSET FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
Principal |
Value |
|||||||
ASSET-BACKED SECURITIES - 3.0% |
||||||||
AIMCO CLO (Cayman) |
$479,642 | $479,642 | ||||||
AmeriCredit Automobile Receivables Trust |
3,991,492 | 3,992,428 | ||||||
0.420% due 03/18/24 |
2,177,715 | 2,178,927 | ||||||
BMW Vehicle Owner Trust |
301,543 | 301,623 | ||||||
CarMax Auto Owner Trust |
1,519,232 | 1,519,439 | ||||||
Ford Credit Auto Owner Trust |
871,062 | 871,399 | ||||||
GM Financial Consumer Automobile Receivables Trust |
878,564 | 878,787 | ||||||
1.500% due 03/16/23 |
28,212 | 28,228 | ||||||
Honda Auto Receivables Owner Trust |
153,392 | 153,466 | ||||||
John Deere Owner Trust |
245,441 | 245,536 | ||||||
Navient Private Education Refi Loan Trust |
60,108 | 60,111 | ||||||
Nissan Auto Receivables Owner Trust |
178,320 | 178,446 | ||||||
Palmer Square Loan Funding Ltd (Cayman) |
8,750,000 | 8,731,658 | ||||||
Santander Drive Auto Receivables Trust |
5,494,956 | 5,496,993 | ||||||
0.290% due 11/15/23 |
4,693,033 | 4,691,914 | ||||||
0.420% due 09/15/23 |
875,035 | 875,223 | ||||||
SLM Student Loan Trust |
66,504 | 66,501 | ||||||
SMB Private Education Loan Trust |
371,557 | 371,559 | ||||||
0.584% (USD LIBOR + 0.500%) |
1,063,233 | 1,064,833 | ||||||
2.490% due 06/15/27 ~ |
1,085,398 | 1,090,275 | ||||||
Toyota Auto Receivables Owner Trust |
394,279 | 394,404 | ||||||
1.380% due 12/15/22 |
461,841 | 462,255 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
34,133,647 | |||||||
|
|
|||||||
U.S. TREASURY OBLIGATIONS - 30.0% |
|
|||||||
U.S. Treasury Notes - 30.0% |
|
|||||||
0.125% due 04/30/22 |
25,000,000 | 25,008,540 | ||||||
0.125% due 05/31/22 |
15,000,000 | 15,004,599 | ||||||
0.125% due 06/30/22 |
15,000,000 | 15,005,248 | ||||||
0.125% due 09/30/22 |
30,000,000 | 30,010,870 | ||||||
0.125% due 11/30/22 |
48,000,000 | 48,001,875 | ||||||
0.125% due 02/28/23 |
10,000,000 | 9,994,531 | ||||||
0.375% due 03/31/22 |
25,000,000 | 25,039,685 | ||||||
0.500% due 03/15/23 |
5,000,000 | 5,024,512 | ||||||
1.125% due 02/28/22 |
15,000,000 | 15,065,937 | ||||||
1.375% due 01/31/22 |
27,000,000 | 27,119,203 | ||||||
1.500% due 01/15/23 |
30,000,000 | 30,527,344 |
Principal |
Value |
|||||||
1.750% due 03/31/22 |
$18,750,000 | $18,908,673 | ||||||
1.750% due 07/15/22 |
10,000,000 | 10,130,867 | ||||||
1.750% due 06/30/24 |
10,000,000 | 10,354,687 | ||||||
1.750% due 07/31/24 |
10,000,000 | 10,361,328 | ||||||
2.000% due 07/31/22 |
10,000,000 | 10,159,796 | ||||||
2.625% due 02/28/23 |
2,100,000 | 2,173,090 | ||||||
2.875% due 11/15/21 |
29,000,000 | 29,100,047 | ||||||
|
|
|||||||
Total U.S. Treasury Obligations |
336,990,832 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENTS - 6.4% |
|
|||||||
Corporate Notes - 0.0% |
|
|||||||
Southern California Edison Co |
650,000 | 650,388 | ||||||
|
|
|||||||
Shares |
||||||||
Money Market Fund - 3.2% |
|
|||||||
BlackRock Liquidity Funds T-Fund Portfolio Institutional 0.010% |
35,521,139 | 35,521,139 | ||||||
|
|
|||||||
Principal |
||||||||
U.S. Treasury Bills - 3.2% |
|
|||||||
0.021% due 10/14/21 |
$6,000,000 | 5,999,951 | ||||||
0.031% due 12/16/21 |
15,000,000 | 14,999,019 | ||||||
0.043% due 03/17/22 |
15,000,000 | 14,997,043 | ||||||
|
|
|||||||
35,996,013 | ||||||||
|
|
|||||||
Total Short-Term Investments |
72,167,540 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 92.4% |
|
1,038,237,246 | ||||||
|
|
|||||||
DERIVATIVES - 9.1% |
|
102,267,091 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - (1.5%) |
|
(17,467,488 | ) | |||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$1,123,036,849 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition as a percentage of net assets was as follows: |
Corporate Bonds & Notes |
53.0% | |||
U.S. Treasury Obligations |
30.0% | |||
Short-Term Investments |
6.4% | |||
Asset-Backed Securities |
3.0% | |||
|
|
|||
92.4% | ||||
Derivatives |
9.1% | |||
Other Assets & Liabilities, Net |
(1.5% | ) | ||
|
|
|||
100.0% | ||||
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-114
PACIFIC FUNDS
PF MULTI-ASSET FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(b) | Open futures contracts outstanding as of September 30, 2021 were as follows: |
Short Futures Outstanding | Expiration Month |
Number of Contracts |
Notional Amount |
Value | Unrealized Appreciation (Depreciation) |
|||||||||||||||
S&P 500 E-Mini Index |
12/21 | 170 | $37,766,990 | $36,530,875 | $1,236,115 | |||||||||||||||
|
|
(c) | Swap agreements outstanding as of September 30, 2021 were as follows: |
Total Return Swaps Long
Receive | Pay | Payment Frequency |
Counter- party |
Expiration Date |
Notional Amount |
Value | Upfront Premiums Paid (Received) |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||||
Russell 1000 Growth Index |
3-Month USD-LIBOR + 0.150% | Z | BOA | 10/15/21 | $45,253,539 | $12,170,618 | $ | $12,170,618 | ||||||||||||||||||||||||
Russell 1000 Value Index |
3-Month USD-LIBOR + 0.150% | Z | BOA | 10/15/21 | 91,418,907 | 29,357,269 | | 29,357,269 | ||||||||||||||||||||||||
Russell Mid-Cap Growth Index |
3-Month USD-LIBOR + 0.130% | Z | BOA | 10/15/21 | 46,023,210 | 15,024,001 | | 15,024,001 | ||||||||||||||||||||||||
MSCI EAFE Index |
3-Month USD-LIBOR - 0.120% | Z | BRC | 10/15/21 | 45,296,715 | 9,959,641 | | 9,959,641 | ||||||||||||||||||||||||
Russell 1000 Growth Index |
1-Day U.S. Fed Funds + 0.390% | Z | BOA | 03/22/22 | 49,850,380 | 7,047,093 | | 7,047,093 | ||||||||||||||||||||||||
MSCI EAFE Index |
1-Day U.S. Fed Funds + 0.060% | Z | CIT | 03/22/22 | 30,637,780 | 1,837,554 | | 1,837,554 | ||||||||||||||||||||||||
Russell 1000 Value Index |
1-Day U.S. Fed Funds + 0.380% | Z | CIT | 03/22/22 | 30,870,869 | 3,646,071 | | 3,646,071 | ||||||||||||||||||||||||
Russell Mid-Cap Growth Index |
1-Day U.S. Fed Funds + 0.330% | Z | CIT | 03/22/22 | 8,842,487 | 486,634 | | 486,634 | ||||||||||||||||||||||||
Russell Mid-Cap Value Index |
1-Day U.S. Fed Funds + 0.350% | Z | CIT | 03/22/22 | 12,912,184 | 1,686,867 | | 1,686,867 | ||||||||||||||||||||||||
MSCI EAFE Index |
1-Day U.S. Fed Funds - 0.040% | Z | BOA | 06/16/22 | 19,591,861 | 756,972 | | 756,972 | ||||||||||||||||||||||||
Russell 1000 Growth Index |
1-Day U.S. Fed Funds + 0.430% | Z | BOA | 06/16/22 | 72,045,217 | 10,890,450 | | 10,890,450 | ||||||||||||||||||||||||
Russell 1000 Value Index |
1-Day U.S. Fed Funds + 0.440% | Z | GSC | 06/16/22 | 61,020,763 | 2,944,447 | | 2,944,447 | ||||||||||||||||||||||||
Russell Mid-Cap Growth Index |
1-Day U.S. Fed Funds + 0.380% | Z | GSC | 06/16/22 | 73,661,207 | 7,860,603 | | 7,860,603 | ||||||||||||||||||||||||
Russell Mid-Cap Value Index |
1-Day U.S. Fed Funds + 0.380% | Z | GSC | 06/16/22 | 24,894,918 | 971,897 | | 971,897 | ||||||||||||||||||||||||
MSCI EAFE Index |
1-Day U.S. Fed Funds + 0.020% | Z | CIT | 09/15/22 | 16,452,647 | (577,515 | ) | | (577,515 | ) | ||||||||||||||||||||||
Russell 1000 Growth Index |
1-Day U.S. Fed Funds + 0.400% | Z | CIT | 09/15/22 | 83,546,714 | 4,004,960 | | 4,004,960 | ||||||||||||||||||||||||
Russell Mid-Cap Growth Index |
1-Day U.S. Fed Funds + 0.330% | Z | CIT | 09/15/22 | 10,127,554 | 373,662 | | 373,662 | ||||||||||||||||||||||||
Russell Mid-Cap Value Index |
1-Day U.S. Fed Funds + 0.350% | Z | CIT | 09/15/22 | 91,544,568 | (2,090,394 | ) | | (2,090,394 | ) | ||||||||||||||||||||||
Russell 1000 Value Index |
1-Day U.S. Fed Funds + 0.470% | Z | SGN | 09/15/22 | 97,531,801 | (1,857,810 | ) | | (1,857,810 | ) | ||||||||||||||||||||||
Russell Mid-Cap Value Index |
1-Day U.S. Fed Funds + 0.400% | Z | CIT | 03/28/23 | 46,475,970 | (1,068,237 | ) | | (1,068,237 | ) | ||||||||||||||||||||||
MSCI EAFE Index |
1-Day U.S. Fed Funds + 0.060% | Z | SGN | 03/28/23 | 8,354,435 | (294,238 | ) | | (294,238 | ) | ||||||||||||||||||||||
Russell 1000 Growth Index |
1-Day U.S. Fed Funds + 0.470% | Z | SGN | 03/28/23 | 42,416,146 | 2,024,551 | | 2,024,551 | ||||||||||||||||||||||||
Russell 1000 Value Index |
1-Day U.S. Fed Funds + 0.490% | Z | SGN | 03/28/23 | 49,515,270 | (946,095 | ) | | (946,095 | ) | ||||||||||||||||||||||
Russell Mid-Cap Growth Index |
1-Day U.S. Fed Funds + 0.470% | Z | SGN | 03/28/23 | 5,139,668 | 187,512 | | 187,512 | ||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||||
$104,396,513 | $ | $104,396,513 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
Total Return Swaps Short
Pay | Receive | Payment Frequency |
Counter- party |
Expiration Date |
Notional Amount |
Value | Upfront Premiums Paid (Received) |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
Russell Mid-Cap Value Index |
3-Month USD-LIBOR + 0.040% | Z | BRC | 10/15/21 | $8,670,370 | ($3,365,537 | ) | $ | ($3,365,537 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
Total Swap Agreements |
$101,030,976 | $ | $101,030,976 | |||||||||||||||||||||||||||
|
|
|
|
|
|
Balances reported in the Statement of Assets and Liabilities for Over the Counter (OTC) Swaps
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||
OTC Swap Agreements |
|
|||||||
Assets |
$ | $111,230,802 | ||||||
Liabilities |
| (10,199,826 | ) | |||||
|
|
|
|
|||||
$ | $101,030,976 | |||||||
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-115
PACIFIC FUNDS
PF MULTI-ASSET FUND
Schedule of Investments (Continued)
September 30, 2021 (Unaudited)
(d) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Corporate Bonds & Notes |
$594,945,227 | $ | $594,945,227 | $ | |||||||||||||
Asset-Backed Securities |
34,133,647 | | 34,133,647 | | ||||||||||||||
U.S. Treasury Obligations |
336,990,832 | | 336,990,832 | | ||||||||||||||
Short-Term Investments |
72,167,540 | 35,521,139 | 36,646,401 | | ||||||||||||||
Derivatives: |
||||||||||||||||||
Equity Contracts |
||||||||||||||||||
Futures |
1,236,115 | 1,236,115 | | | ||||||||||||||
Swaps |
111,230,802 | | 111,230,802 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Equity Contracts |
112,466,917 | 1,236,115 | 111,230,802 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Assets - Derivatives |
112,466,917 | 1,236,115 | 111,230,802 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Assets |
1,150,704,163 | 36,757,254 | 1,113,946,909 | | ||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Liabilities |
Derivatives: |
|||||||||||||||||
Equity Contracts |
||||||||||||||||||
Swaps |
(10,199,826 | ) | | (10,199,826 | ) | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total Liabilities |
(10,199,826 | ) | | (10,199,826 | ) | | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||
Total |
$1,140,504,337 | $36,757,254 | $1,103,747,083 | $ | ||||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-116
PACIFIC FUNDS
PF REAL ESTATE FUND
Schedule of Investments
September 30, 2021 (Unaudited)
Shares |
Value |
|||||||
COMMON STOCKS - 99.9% |
|
|||||||
Consumer, Cyclical - 3.6% |
||||||||
Choice Hotels International Inc |
632 | $79,866 | ||||||
DR Horton Inc |
3,085 | 259,047 | ||||||
Marriott Vacations Worldwide Corp |
2,505 | 394,112 | ||||||
Travel + Leisure Co |
4,355 | 237,478 | ||||||
|
|
|||||||
970,503 | ||||||||
|
|
|||||||
Financial - 96.3% |
||||||||
Agree Realty Corp REIT |
5,331 | 353,072 | ||||||
Alexandria Real Estate Equities Inc REIT |
4,979 | 951,338 | ||||||
American Assets Trust Inc REIT |
5,571 | 208,467 | ||||||
American Homes 4 Rent A REIT |
26,725 | 1,018,757 | ||||||
American Tower Corp REIT |
3,080 | 817,463 | ||||||
Apartment Income REIT Corp |
11,309 | 551,992 | ||||||
Apple Hospitality REIT Inc |
16,363 | 257,390 | ||||||
AvalonBay Communities Inc REIT |
6,450 | 1,429,578 | ||||||
Brandywine Realty Trust REIT |
8,205 | 110,111 | ||||||
Broadstone Net Lease Inc REIT |
16,542 | 410,407 | ||||||
CoreSite Realty Corp REIT |
2,481 | 343,718 | ||||||
Cousins Properties Inc REIT |
13,483 | 502,781 | ||||||
CubeSmart REIT |
9,642 | 467,155 | ||||||
CyrusOne Inc REIT |
1,684 | 130,358 | ||||||
DiamondRock Hospitality Co REIT * |
11,127 | 105,150 | ||||||
Digital Realty Trust Inc REIT |
1,692 | 244,409 | ||||||
Equinix Inc REIT |
2,243 | 1,772,262 | ||||||
Equity LifeStyle Properties Inc REIT |
7,044 | 550,136 | ||||||
Essex Property Trust Inc REIT |
3,826 | 1,223,325 | ||||||
Extra Space Storage Inc REIT |
5,863 | 984,925 | ||||||
First Industrial Realty Trust Inc REIT |
11,249 | 585,848 | ||||||
Healthcare Realty Trust Inc REIT |
13,366 | 398,040 | ||||||
Healthcare Trust of America Inc A REIT |
17,048 | 505,644 | ||||||
Invitation Homes Inc REIT |
38,405 | 1,472,064 | ||||||
Kilroy Realty Corp REIT |
8,494 | 562,388 | ||||||
Medical Properties Trust Inc REIT |
23,726 | 476,181 | ||||||
MGM Growth Properties LLC A REIT |
8,374 | 320,724 | ||||||
Park Hotels & Resorts Inc REIT * |
9,292 | 177,849 | ||||||
Prologis Inc REIT |
14,077 | 1,765,678 | ||||||
PS Business Parks Inc REIT |
2,661 | 417,085 | ||||||
Public Storage REIT |
1,258 | 373,752 | ||||||
Regency Centers Corp REIT |
9,172 | 617,551 | ||||||
Rexford Industrial Realty Inc REIT |
8,156 | 462,853 | ||||||
Sabra Health Care REIT Inc |
26,845 | 395,158 |
Shares |
Value |
|||||||
Simon Property Group Inc REIT |
2,443 | $317,517 | ||||||
STORE Capital Corp REIT |
16,785 | 537,624 | ||||||
Sun Communities Inc REIT |
6,083 | 1,125,963 | ||||||
Terreno Realty Corp REIT |
7,262 | 459,176 | ||||||
Ventas Inc REIT |
19,807 | 1,093,544 | ||||||
VICI Properties Inc REIT |
21,393 | 607,775 | ||||||
Welltower Inc REIT |
6,631 | 546,394 | ||||||
Weyerhaeuser Co REIT |
5,838 | 207,658 | ||||||
|
|
|||||||
25,859,260 | ||||||||
|
|
|||||||
Total Common Stocks |
26,829,763 | |||||||
|
|
|||||||
TOTAL INVESTMENTS - 99.9% |
|
26,829,763 | ||||||
|
|
|||||||
OTHER ASSETS & LIABILITIES, NET - 0.1% |
|
26,714 | ||||||
|
|
|||||||
NET ASSETS - 100.0% |
|
$26,856,477 | ||||||
|
|
Notes to Schedule of Investments
(a) | As of September 30, 2021, the Funds composition by property sector as a percentage of net assets was as follows: |
REITS-Apartments |
21.2% | |||
REITS-Diversified |
18.4% | |||
REITS-Health Care |
12.7% | |||
REITS-Warehouse/Industrial |
12.2% | |||
REITS-Office Property |
8.7% | |||
REITS-Storage |
6.8% | |||
REITS-Manufactured Homes |
6.2% | |||
REITS-Single Tenant |
3.3% | |||
REITS-Hotels |
3.2% | |||
Others (each less than 3.0%) |
7.2% | |||
|
|
|||
99.9% | ||||
Other Assets & Liabilities, Net |
0.1% | |||
|
|
|||
100.0% | ||||
|
|
(b) | Fair Value Measurements |
The following is a summary of the Funds investments as categorized under the three-tier hierarchy of inputs used in valuing the Funds assets and liabilities as of September 30, 2021:
Total Value at September 30, 2021 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
|||||||||||||||
Assets |
Common Stocks |
$26,829,763 | $26,829,763 | $ | $ | |||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements | See explanation of symbols and terms, if any, on page A-118 |
A-117
PACIFIC FUNDS
Schedule of Investments (Continued)
Explanation of Symbols and Terms
September 30, 2021 (Unaudited)
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) and 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 categorized as a significant unobservable input (Level 3). | |
§ | Variable rate investments. The rate shown is based on the latest available information as of September 30, 2021. 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. | |
¥ | 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. | |
y | Issuer filed bankruptcy and/or is in default as of September 30, 2021. | |
W | The values of these investments were determined by the Trustee Valuation Committee or determined by a valuation committee established under the Valuation Policy and then subsequently submitted for approval or ratification to either the Trustee Valuation Committee or to the Board of Trustees (the Board). 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. | |
Counterparty & Exchange Abbreviations: | ||
ANZ | Australia and New Zealand Banking Group | |
BNP | BNP Paribas | |
BOA | Bank of America | |
BRC | Barclays | |
BSC | Banco Santander Central Hispano | |
CIT | Citigroup | |
CME | Chicago Mercantile Exchange | |
CSF | Credit Suisse | |
DUB | Deutsche Bank | |
EUX | Eurex Exchange | |
GSC | Goldman Sachs | |
HSB | HSBC | |
ICE | Intercontinental Exchange Inc | |
JPM | JPMorgan Chase | |
LCH | London Clearing House | |
MER | Merrill Lynch | |
MSC | Morgan Stanley | |
SCB | Standard Chartered Bank | |
SGN | Societe Generale | |
UBS | UBS | |
Currency Abbreviations: | ||
ARS | Argentine Peso | |
AUD | Australian Dollar | |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
CHF | Swiss Franc | |
CLP | Chilean Peso | |
CNH | Renminbi Offshore (Hong Kong) | |
CNY | Chinese Renminbi | |
COP | Colombian Peso | |
CZK | Czech Koruna | |
EGP | Egyptian Pound | |
EUR | Euro | |
GBP | British Pound |
Currency Abbreviations (continued): | ||
HUF | Hungarian Forint | |
IDR | Indonesian Rupiah | |
ILS | Israeli Shekel | |
INR | Indian Rupee | |
JPY | Japanese Yen | |
KRW | Korean Won | |
MXN | Mexican Peso | |
MYR | Malaysian Ringgit | |
NZD | New Zealand Dollar | |
PEN | Peruvian Nuevo Sol | |
PHP | Philippine Peso | |
PLN | Polish Zloty | |
RON | Romanian Leu | |
RUB | Russian Ruble | |
SGD | Singapore Dollar | |
THB | Thai Baht | |
TRY | Turkish Lira | |
TWD | Taiwan Dollar | |
UAH | Ukrainian Hryvnia | |
USD | United States Dollar | |
UYU | Uruguayan Peso | |
ZAR | South African Rand | |
Payment Frequency Abbreviations: | ||
A | Annual | |
L | Lunar | |
Q | Quarterly | |
S | Semiannual | |
Z | At Maturity | |
Reference Rate Abbreviations: | ||
AUD Bank Bill | Australian Dollar Bank Bill Rate | |
LIBOR | London Interbank Offered Rate | |
SOFR | Secured Overnight Financing Rate | |
SONIA | Sterling Overnight Interbank Average Rate | |
US FED | United States Federal Reserve Bank Rate | |
US PRIME | United States Prime Rate | |
Other Abbreviations: | ||
ADR | American Depositary Receipt | |
GDR | Global Depositary Receipt | |
IO | Interest Only | |
NVDR |
Non-Voting Depositary Receipt | |
PIK | Payment In Kind | |
PIPE | Private Investment In Public Equity | |
REIT | Real Estate Investment Trust | |
SDR |
Swedish Depository Receipt |
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.
See Notes to Financial Statements |
A-118
PACIFIC FUNDS
STATEMENTS OF ASSETS AND LIABILITIES
SEPTEMBER 30, 2021 (Unaudited)
|
Pacific Funds Portfolio Optimization | |||||||||||||||||||||||||
Conservative | Moderate- Conservative |
Moderate | Growth | Aggressive- Growth |
||||||||||||||||||||||
ASSETS |
||||||||||||||||||||||||||
Investments in affiliated mutual funds, at value |
$246,546,003 | $333,349,519 | $1,085,167,271 | $892,028,795 | $343,001,179 | |||||||||||||||||||||
Receivables: |
||||||||||||||||||||||||||
Fund shares sold |
32,559 | 296,175 | 667,315 | 155,682 | 24,967 | |||||||||||||||||||||
Securities sold |
308,137 | 125,876 | 413,658 | 1,088,518 | 81,424 | |||||||||||||||||||||
Due from adviser |
13,835 | 15,382 | 30,122 | 26,156 | 15,354 | |||||||||||||||||||||
Prepaid expenses and other assets |
785 | 1,084 | 3,429 | 2,738 | 1,033 | |||||||||||||||||||||
Total Assets |
246,901,319 | 333,788,036 | 1,086,281,795 | 893,301,889 | 343,123,957 | |||||||||||||||||||||
LIABILITIES |
||||||||||||||||||||||||||
Payables: |
||||||||||||||||||||||||||
Fund shares redeemed |
461,553 | 477,050 | 1,296,443 | 1,689,906 | 441,941 | |||||||||||||||||||||
Accrued advisory fees |
41,079 | 56,030 | 183,462 | 151,602 | 58,351 | |||||||||||||||||||||
Accrued administration fees |
30,809 | 42,023 | 137,597 | 113,702 | 43,763 | |||||||||||||||||||||
Accrued custodian and portfolio accounting fees |
9,596 | 9,796 | 11,325 | 10,877 | 9,766 | |||||||||||||||||||||
Accrued legal, audit and tax service fees |
13,267 | 15,549 | 57,678 | 47,091 | 17,895 | |||||||||||||||||||||
Accrued trustees fees and deferred compensation |
8,621 | 10,989 | 31,924 | 23,712 | 7,958 | |||||||||||||||||||||
Accrued distribution and service fees |
10,092 | 12,377 | 39,894 | 33,204 | 12,461 | |||||||||||||||||||||
Accrued other |
12,652 | 21,472 | 47,400 | 42,137 | 20,000 | |||||||||||||||||||||
Total Liabilities |
587,669 | 645,286 | 1,805,723 | 2,112,231 | 612,135 | |||||||||||||||||||||
NET ASSETS |
$246,313,650 | $333,142,750 | $1,084,476,072 | $891,189,658 | $342,511,822 | |||||||||||||||||||||
NET ASSETS CONSIST OF: |
||||||||||||||||||||||||||
Paid-in capital |
$211,068,265 | $264,594,798 | $763,612,937 | $589,620,904 | $214,596,724 | |||||||||||||||||||||
Undistributed/accumulated earnings (deficit) |
35,245,385 | 68,547,952 | 320,863,135 | 301,568,754 | 127,915,098 | |||||||||||||||||||||
NET ASSETS |
$246,313,650 | $333,142,750 | $1,084,476,072 | $891,189,658 | $342,511,822 | |||||||||||||||||||||
Class A Shares: |
||||||||||||||||||||||||||
Net Assets |
$191,884,847 | $285,448,133 | $911,439,011 | $761,108,733 | $286,574,443 | |||||||||||||||||||||
Shares of beneficial interest outstanding |
16,251,187 | 21,931,399 | 60,512,187 | 46,438,136 | 15,287,510 | |||||||||||||||||||||
Net Asset Value per share* |
$11.81 | $13.02 | $15.06 | $16.39 | $18.75 | |||||||||||||||||||||
Sales Charge |
0.69 | 0.76 | 0.88 | 0.95 | 1.09 | |||||||||||||||||||||
Maximum offering price per share |
$12.50 | $13.78 | $15.94 | $17.34 | $19.84 | |||||||||||||||||||||
Class C Shares: |
||||||||||||||||||||||||||
Net Assets |
$43,733,867 | $40,444,557 | $131,054,162 | $107,272,324 | $39,789,995 | |||||||||||||||||||||
Shares of beneficial interest outstanding |
3,823,210 | 3,200,203 | 8,931,567 | 6,760,327 | 2,218,470 | |||||||||||||||||||||
Net Asset Value per share* |
$11.44 | $12.64 | $14.67 | $15.87 | $17.94 | |||||||||||||||||||||
Advisor Class: |
||||||||||||||||||||||||||
Net Assets |
$10,694,936 | $7,250,060 | $41,982,899 | $22,808,601 | $16,147,384 | |||||||||||||||||||||
Shares of beneficial interest outstanding |
900,066 | 552,913 | 2,769,025 | 1,381,143 | 855,419 | |||||||||||||||||||||
Net Asset Value per share |
$11.88 | $13.11 | $15.16 | $16.51 | $18.88 | |||||||||||||||||||||
Investments in affiliated mutual funds, at cost |
$211,948,803 | $273,669,875 | $810,538,568 | $644,231,297 | $234,493,425 |
* | Redemption price per share is equal to the Net Asset Value per share less any applicable contingent deferred sales charge. |
See Notes to Financial Statements
B-1
PACIFIC FUNDS
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
SEPTEMBER 30, 2021 (Unaudited)
Pacific Funds Ultra Short Income |
Pacific Funds Short Duration Income |
Pacific Funds Core Income |
Pacific Funds ESG Core Bond |
Pacific Funds Strategic Income |
Pacific Funds Floating Rate Income |
|||||||||||||||||||||||||
ASSETS |
||||||||||||||||||||||||||||||
Investments, at value (excluding derivatives) |
$32,452,115 | $1,231,843,287 | $1,184,820,058 | $27,999,169 | $1,388,083,665 | $3,007,845,071 | ||||||||||||||||||||||||
Cash |
| 85,672 | 2,275,670 | 244 | 832,830 | 11,783,850 | ||||||||||||||||||||||||
Foreign currency held, at value |
| | | | 5,259 | | ||||||||||||||||||||||||
Receivables: |
||||||||||||||||||||||||||||||
Dividend and interest |
59,593 | 3,853,198 | 5,241,791 | 131,786 | 9,945,461 | 6,866,775 | ||||||||||||||||||||||||
Fund shares sold |
| 3,015,793 | 3,156,136 | | 4,699,415 | 22,480,200 | ||||||||||||||||||||||||
Securities sold |
9,569 | 9,256,597 | 10,103,683 | | 8,740,859 | 136,679,491 | ||||||||||||||||||||||||
Due from adviser |
9,239 | 118,342 | 154,349 | 537 | 123,920 | 295,166 | ||||||||||||||||||||||||
Unfunded loan commitment appreciation |
| 2,494 | 2,494 | | 3,142 | 21,501 | ||||||||||||||||||||||||
Prepaid expenses and other assets |
14,139 | 47,929 | 5,835 | 52,422 | 81,511 | 84,951 | ||||||||||||||||||||||||
Total Assets |
32,544,655 | 1,248,223,312 | 1,205,760,016 | 28,184,158 | 1,412,516,062 | 3,186,057,005 | ||||||||||||||||||||||||
LIABILITIES |
||||||||||||||||||||||||||||||
Payables: |
||||||||||||||||||||||||||||||
Fund shares redeemed |
14,556 | 7,151,347 | 5,029,484 | 68 | 2,930,422 | 3,872,119 | ||||||||||||||||||||||||
Securities purchased |
249,853 | 30,025,786 | 45,952,889 | 500,000 | 39,116,467 | 484,378,746 | ||||||||||||||||||||||||
Due to custodian |
8,514 | | | | | | ||||||||||||||||||||||||
Income distributions |
22 | 56,577 | 338,096 | | 479,375 | 1,412,752 | ||||||||||||||||||||||||
Accrued advisory fees |
6,630 | 394,659 | 472,282 | 8,687 | 658,396 | 1,363,646 | ||||||||||||||||||||||||
Accrued administration fees |
3,978 | 149,645 | 142,653 | 3,429 | 166,395 | 325,501 | ||||||||||||||||||||||||
Accrued custodian and portfolio accounting fees |
8,051 | 76,965 | 87,842 | 24,301 | 48,800 | 94,452 | ||||||||||||||||||||||||
Accrued legal, audit and tax service fees |
1,687 | 63,251 | 61,882 | 1,360 | 56,718 | 112,483 | ||||||||||||||||||||||||
Accrued trustees fees and deferred compensation |
3 | 96 | 108 | 1 | 61 | 100 | ||||||||||||||||||||||||
Accrued distribution and service fees |
| 10,953 | 9,420 | | 12,672 | 16,151 | ||||||||||||||||||||||||
Accrued other |
2,065 | 52,932 | 52,291 | 1,796 | 46,499 | 90,361 | ||||||||||||||||||||||||
Unfunded loan commitment depreciation |
| | | | 3,168 | 3,751 | ||||||||||||||||||||||||
Total Liabilities |
295,359 | 37,982,211 | 52,146,947 | 539,642 | 43,518,973 | 491,670,062 | ||||||||||||||||||||||||
NET ASSETS |
$32,249,296 | $1,210,241,101 | $1,153,613,069 | $27,644,516 | $1,368,997,089 | $2,694,386,943 | ||||||||||||||||||||||||
NET ASSETS CONSIST OF: |
||||||||||||||||||||||||||||||
Paid-in capital |
$32,009,734 | $1,188,619,020 | $1,113,097,417 | $28,058,891 | $1,327,346,348 | $2,797,427,632 | ||||||||||||||||||||||||
Undistributed/accumulated earnings (deficit) |
239,562 | 21,622,081 | 40,515,652 | (414,375 | ) | 41,650,741 | (103,040,689 | ) | ||||||||||||||||||||||
NET ASSETS |
$32,249,296 | $1,210,241,101 | $1,153,613,069 | $27,644,516 | $1,368,997,089 | $2,694,386,943 | ||||||||||||||||||||||||
Class A Shares: |
||||||||||||||||||||||||||||||
Net Assets |
$204,690,285 | $157,826,917 | $135,291,853 | $229,348,122 | ||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
19,336,845 | 13,929,843 | 11,593,507 | 23,470,967 | ||||||||||||||||||||||||||
Net Asset Value per share* |
$10.59 | $11.33 | $11.67 | $9.77 | ||||||||||||||||||||||||||
Sales Charge |
0.33 | 0.50 | 0.52 | 0.30 | ||||||||||||||||||||||||||
Maximum offering price per share |
$10.92 | $11.83 | $12.19 | $10.07 | ||||||||||||||||||||||||||
Class C Shares: |
||||||||||||||||||||||||||||||
Net Assets |
$48,031,838 | $45,962,773 | $82,039,945 | $91,063,340 | ||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
4,546,132 | 4,055,090 | 7,047,790 | 9,332,586 | ||||||||||||||||||||||||||
Net Asset Value per share* |
$10.57 | $11.33 | $11.64 | $9.76 | ||||||||||||||||||||||||||
Class I Shares: |
||||||||||||||||||||||||||||||
Net Assets |
$13,043,848 | $159,761,130 | $122,074,032 | $15,255,980 | $33,307,090 | $1,360,948,349 | ||||||||||||||||||||||||
Shares of beneficial interest outstanding |
1,294,194 | 15,110,952 | 10,764,173 | 1,551,785 | 2,872,053 | 139,080,343 | ||||||||||||||||||||||||
Net Asset Value per share |
$10.08 | $10.57 | $11.34 | $9.83 | $11.60 | $9.79 | ||||||||||||||||||||||||
Class P Shares: |
||||||||||||||||||||||||||||||
Net Assets |
$46,014,866 | $9,554,796 | ||||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
4,044,034 | 976,728 | ||||||||||||||||||||||||||||
Net Asset Value per share |
$11.38 | $9.78 | ||||||||||||||||||||||||||||
Advisor Class: |
||||||||||||||||||||||||||||||
Net Assets |
$19,205,448 | $797,757,848 | $781,734,481 | $12,388,536 | $1,118,358,201 | $1,003,472,336 | ||||||||||||||||||||||||
Shares of beneficial interest outstanding |
1,905,429 | 75,325,668 | 68,829,062 | 1,260,197 | 95,808,839 | 102,338,561 | ||||||||||||||||||||||||
Net Asset Value per share |
$10.08 | $10.59 | $11.36 | $9.83 | $11.67 | $9.81 | ||||||||||||||||||||||||
Investments, at cost (excluding derivatives) |
$32,347,676 | $1,221,275,923 | $1,169,099,590 | $28,325,327 | $1,358,920,813 | $2,990,295,622 | ||||||||||||||||||||||||
Foreign currency held, at cost |
| | | | 6,640 | |
* | Redemption price per share is equal to the Net Asset Value per share less any applicable contingent deferred sales charge. |
See Notes to Financial Statements
B-2
PACIFIC FUNDS
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
SEPTEMBER 30, 2021 (Unaudited)
Pacific Funds High Income |
|
Pacific
Funds Small/Mid-Cap |
Pacific Funds Small-Cap |
Pacific Funds Small-Cap Value |
|
PF Inflation Managed Fund |
PF Managed Bond Fund |
|||||||||||||||||||||||||||||||
ASSETS |
||||||||||||||||||||||||||||||||||||||
Investments, at value (excluding derivatives) |
$164,516,100 | $353,438,644 | $25,355,369 | $18,611,192 | $39,303,106 | $578,238,268 | ||||||||||||||||||||||||||||||||
Cash |
565 | | | | 5,637 | 4,013,607 | ||||||||||||||||||||||||||||||||
Cash (segregated for derivative instruments) |
| | | | 170,000 | 4,577,436 | ||||||||||||||||||||||||||||||||
Foreign currency held, at value |
657 | | | | 60,012 | 4,340,443 | ||||||||||||||||||||||||||||||||
Receivables: |
||||||||||||||||||||||||||||||||||||||
Dividend and interest |
2,148,803 | 150,954 | 8,017 | 10,473 | 47,110 | 2,982,309 | ||||||||||||||||||||||||||||||||
Fund shares sold |
1,345,267 | 251,892 | 71,030 | | | | ||||||||||||||||||||||||||||||||
Securities sold |
424,880 | | 138,322 | 32,685 | 786,777 | 38,387,210 | ||||||||||||||||||||||||||||||||
Variation margin on futures contracts |
| | | | 56,729 | 844,163 | ||||||||||||||||||||||||||||||||
Variation margin on swap agreements |
| | | | 32,517 | | ||||||||||||||||||||||||||||||||
Swap agreements |
| | | | 2,041 | | ||||||||||||||||||||||||||||||||
Due from adviser |
23,372 | 9,504 | 7,240 | 7,299 | 5,216 | 47,812 | ||||||||||||||||||||||||||||||||
Forward foreign currency contracts appreciation |
| | | | 53,989 | 1,127,116 | ||||||||||||||||||||||||||||||||
Outstanding purchased options, at value |
| | | | 37,028 | 95,437 | ||||||||||||||||||||||||||||||||
Swap premiums paid |
| | | | | 7,067 | ||||||||||||||||||||||||||||||||
Swap agreements appreciation |
| | | | | 3,620 | ||||||||||||||||||||||||||||||||
Prepaid expenses and other assets |
25,471 |
|
|
937 | 46 | 46 |
|
|
70 | 1,795 | ||||||||||||||||||||||||||||
Total Assets |
168,485,115 |
|
|
353,851,931 | 25,580,024 | 18,661,695 |
|
|
40,560,232 | 634,666,283 | ||||||||||||||||||||||||||||
LIABILITIES |
||||||||||||||||||||||||||||||||||||||
Payables: |
||||||||||||||||||||||||||||||||||||||
Fund shares redeemed |
166,663 | 308,868 | 5,233 | 5,919 | 99,507 | 121,330 | ||||||||||||||||||||||||||||||||
Securities purchased |
769,925 | | 59,013 | | 1,287,512 | 70,222,907 | ||||||||||||||||||||||||||||||||
Sale-buyback financing transactions |
| | | | 5,949,081 | | ||||||||||||||||||||||||||||||||
Swap agreements |
| | | | | 382,140 | ||||||||||||||||||||||||||||||||
Income distributions |
816 | | | | | | ||||||||||||||||||||||||||||||||
Due to broker |
| | | | | 880,000 | ||||||||||||||||||||||||||||||||
Accrued advisory fees |
82,281 | 223,608 | 14,368 | 11,529 | 11,051 | 183,201 | ||||||||||||||||||||||||||||||||
Accrued administration fees |
20,570 | 44,722 | 2,874 | 2,306 | 4,144 | 70,013 | ||||||||||||||||||||||||||||||||
Accrued custodian and portfolio accounting fees |
20,509 | 21,490 | 5,499 | 5,519 | 10,803 | 80,013 | ||||||||||||||||||||||||||||||||
Accrued legal, audit and tax service fees |
8,725 | 18,357 | 948 | 946 | 2,299 | 29,971 | ||||||||||||||||||||||||||||||||
Accrued trustees fees and deferred compensation |
14 | 31 | 1 | | 3,244 | 23,136 | ||||||||||||||||||||||||||||||||
Accrued distribution and service fees |
402 | 1,807 | 146 | 153 | | | ||||||||||||||||||||||||||||||||
Accrued other (1) |
8,527 | 29,351 | 8,272 | 7,776 | 1,365 | 24,751 | ||||||||||||||||||||||||||||||||
Forward foreign currency contracts depreciation |
| | | | 3,343 | 496,534 | ||||||||||||||||||||||||||||||||
Outstanding options written, at value |
| | | | 37,788 | 114,297 | ||||||||||||||||||||||||||||||||
Swap agreements depreciation |
|
|
|
| | |
|
|
| 84,615 | ||||||||||||||||||||||||||||
Total Liabilities |
1,078,432 |
|
|
648,234 | 96,354 | 34,148 |
|
|
7,410,137 | 72,712,908 | ||||||||||||||||||||||||||||
NET ASSETS |
$167,406,683 |
|
|
$353,203,697 | $25,483,670 | $18,627,547 |
|
|
$33,150,095 | $561,953,375 | ||||||||||||||||||||||||||||
NET ASSETS CONSIST OF: |
||||||||||||||||||||||||||||||||||||||
Paid-in capital |
$166,915,227 | $241,945,526 | $20,974,621 | $14,672,795 | $38,345,408 | $552,516,082 | ||||||||||||||||||||||||||||||||
Undistributed/accumulated earnings (deficit) |
491,456 |
|
|
111,258,171 | 4,509,049 | 3,954,752 |
|
|
(5,195,313 | ) | 9,437,293 | |||||||||||||||||||||||||||
NET ASSETS |
$167,406,683 |
|
|
$353,203,697 | $25,483,670 | $18,627,547 |
|
|
$33,150,095 | $561,953,375 | ||||||||||||||||||||||||||||
Class A Shares: |
||||||||||||||||||||||||||||||||||||||
Net Assets |
$7,752,005 | $22,729,623 | $2,283,368 | $2,441,443 | ||||||||||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
742,392 | 1,291,028 | 143,167 | 205,158 | ||||||||||||||||||||||||||||||||||
Net Asset Value per share* |
$10.44 | $17.61 | $15.95 | $11.90 | ||||||||||||||||||||||||||||||||||
Sales Charge |
0.46 |
|
|
0.78 | 0.71 | 0.53 | ||||||||||||||||||||||||||||||||
Maximum offering price per share |
$10.90 |
|
|
$18.39 | $16.66 | $12.43 | ||||||||||||||||||||||||||||||||
Class C Shares: |
||||||||||||||||||||||||||||||||||||||
Net Assets |
$1,699,916 | $10,302,093 | $724,859 | $763,352 | ||||||||||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
163,011 | 609,715 | 46,946 | 65,689 | ||||||||||||||||||||||||||||||||||
Net Asset Value per share* |
$10.43 | $16.90 | $15.44 | $11.62 | ||||||||||||||||||||||||||||||||||
Class I Shares: |
||||||||||||||||||||||||||||||||||||||
Net Assets |
$93,233 | |||||||||||||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
9,022 | |||||||||||||||||||||||||||||||||||||
Net Asset Value per share |
$10.33 | |||||||||||||||||||||||||||||||||||||
Class P Shares: |
||||||||||||||||||||||||||||||||||||||
Net Assets |
$146,920,517 | $33,150,095 | $561,953,375 | |||||||||||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
14,218,661 | 3,196,672 | 50,160,803 | |||||||||||||||||||||||||||||||||||
Net Asset Value per share |
$10.33 | $10.37 | $11.20 | |||||||||||||||||||||||||||||||||||
Advisor Class: |
||||||||||||||||||||||||||||||||||||||
Net Assets |
$10,941,012 | $318,695,461 | $20,742,323 | $14,290,006 | ||||||||||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
1,046,085 | 17,971,283 | 1,274,400 | 1,189,539 | ||||||||||||||||||||||||||||||||||
Net Asset Value per share |
$10.46 | $17.73 | $16.28 | $12.01 | ||||||||||||||||||||||||||||||||||
Class R6 Shares: |
||||||||||||||||||||||||||||||||||||||
Net Assets |
$1,476,520 | $1,733,120 | $1,132,746 | |||||||||||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
83,039 | 116,024 | 94,922 | |||||||||||||||||||||||||||||||||||
Net Asset Value per share |
$17.78 | $14.94 | $11.93 | |||||||||||||||||||||||||||||||||||
Investments and repurchase agreements, at cost (excluding derivatives) |
$157,278,655 | $253,466,566 | $21,717,397 | $14,471,420 | $37,870,367 | $575,397,153 | ||||||||||||||||||||||||||||||||
Outstanding purchased options, at cost |
| | | | 19,332 | 151,548 | ||||||||||||||||||||||||||||||||
Foreign currency held, at cost |
788 | | | | 71,214 | 4,441,915 | ||||||||||||||||||||||||||||||||
Premiums received from outstanding options written |
| | | | 38,348 | 149,906 |
* | Redemption price per share is equal to the Net Asset Value per share less any applicable contingent deferred sales charge. |
(1) | Accrued other for Pacific Funds Small-Cap and Pacific Funds Small-Cap Value include $5,835 and $5,333, respectively, of accrued registration fees. |
See Notes to Financial Statements
B-3
PACIFIC FUNDS
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
SEPTEMBER 30, 2021 (Unaudited)
PF Short Duration Bond Fund |
PF Emerging Markets Debt Fund |
PF Growth Fund |
PF Large-Cap Value Fund |
PF Small-Cap Growth Fund |
PF Small-Cap Value Fund |
|||||||||||||||||||||||||
ASSETS |
||||||||||||||||||||||||||||||
Investments, at value (excluding derivatives) |
$96,002,448 | $60,651,036 | $185,151,094 | $173,231,287 | $65,817,353 | $117,170,958 | ||||||||||||||||||||||||
Cash |
106,644 | 20,815 | | | 210,397 | | ||||||||||||||||||||||||
Cash (segregated for derivative instruments) |
28,469 | 391,339 | | | | | ||||||||||||||||||||||||
Foreign currency held, at value |
3,667 | 132,746 | | | | | ||||||||||||||||||||||||
Receivables: |
||||||||||||||||||||||||||||||
Dividend and interest |
398,332 | 797,230 | 25,456 | 203,491 | 26,099 | 68,835 | ||||||||||||||||||||||||
Securities sold |
435,612 | | 1,937,725 | | 290,230 | 80,557 | ||||||||||||||||||||||||
Due from adviser |
9,314 | 11,162 | 11,279 | 10,444 | 6,146 | 7,971 | ||||||||||||||||||||||||
Forward foreign currency contracts appreciation |
| 251,472 | | | | | ||||||||||||||||||||||||
Prepaid expenses and other assets |
391 | 157 | 568 | 475 | 90 | 250 | ||||||||||||||||||||||||
Total Assets |
96,984,877 | 62,255,957 | 187,126,122 | 173,445,697 | 66,350,315 | 117,328,571 | ||||||||||||||||||||||||
LIABILITIES |
||||||||||||||||||||||||||||||
Payables: |
||||||||||||||||||||||||||||||
Fund shares redeemed |
| | 592,009 | 137,898 | 10,105 | | ||||||||||||||||||||||||
Securities purchased |
1,298,123 | | | | 909,011 | 266,801 | ||||||||||||||||||||||||
Swap agreements |
| 17,628 | | | | | ||||||||||||||||||||||||
Variation margin on futures contracts |
1,031 | | | | | | ||||||||||||||||||||||||
Variation margin on swap agreements |
| 14,534 | | | | | ||||||||||||||||||||||||
Due to custodian |
| | 52,736 | | 2 | | ||||||||||||||||||||||||
Accrued advisory fees |
31,332 | 39,845 | 90,890 | 95,003 | 33,735 | 71,383 | ||||||||||||||||||||||||
Accrued administration fees |
11,749 | 7,813 | 24,788 | 21,924 | 8,434 | 14,277 | ||||||||||||||||||||||||
Accrued custodian and portfolio accounting fees |
24,420 | 35,881 | 15,745 | 13,631 | 10,422 | 10,233 | ||||||||||||||||||||||||
Accrued legal, audit and tax service fees |
5,279 | 3,926 | 9,811 | 9,006 | 3,268 | 5,926 | ||||||||||||||||||||||||
Accrued trustees fees and deferred compensation |
4,646 | 5 | 7,266 | 11,315 | 2,849 | 2,049 | ||||||||||||||||||||||||
Accrued other |
4,339 | 4,431 | 11,669 | 9,865 | 3,585 | 6,535 | ||||||||||||||||||||||||
Forward foreign currency contracts depreciation |
| 287,079 | | | | | ||||||||||||||||||||||||
Total Liabilities |
1,380,919 | 411,142 | 804,914 | 298,642 | 981,411 | 377,204 | ||||||||||||||||||||||||
NET ASSETS |
$95,603,958 | $61,844,815 | $186,321,208 | $173,147,055 | $65,368,904 | $116,951,367 | ||||||||||||||||||||||||
NET ASSETS CONSIST OF: |
||||||||||||||||||||||||||||||
Paid-in capital |
$94,061,695 | $68,145,775 | $44,569,979 | $71,276,521 | $50,718,477 | $73,802,864 | ||||||||||||||||||||||||
Undistributed/accumulated earnings (deficit) |
1,542,263 | (6,300,960 | ) | 141,751,229 | 101,870,534 | 14,650,427 | 43,148,503 | |||||||||||||||||||||||
NET ASSETS |
$95,603,958 | $61,844,815 | $186,321,208 | $173,147,055 | $65,368,904 | $116,951,367 | ||||||||||||||||||||||||
Class P Shares: |
||||||||||||||||||||||||||||||
|
Shares of beneficial interest outstanding |
9,402,145 | 7,229,549 | 5,356,744 | 13,175,632 | 2,828,300 | 10,514,390 | |||||||||||||||||||||||
|
Net Asset Value per share |
$10.17 | $8.55 | $34.78 | $13.14 | $23.11 | $11.12 | |||||||||||||||||||||||
|
Investments, at cost (excluding derivatives) |
$95,018,149 | $62,211,024 | $61,410,291 | $87,627,446 | $58,204,335 | $85,650,580 | |||||||||||||||||||||||
|
Foreign currency held, at cost |
3,529 | 132,930 | | | | |
See Notes to Financial Statements
B-4
PACIFIC FUNDS
STATEMENTS OF ASSETS AND LIABILITIES (Continued)
SEPTEMBER 30, 2021 (Unaudited)
PF Emerging Markets Fund |
PF International Large-Cap Fund |
PF International Small-Cap Fund |
PF International Value Fund |
PF Multi-Asset Fund |
PF Real Estate Fund |
|||||||||||||||||||||||||
ASSETS |
||||||||||||||||||||||||||||||
Investments, at value (excluding derivatives) |
$134,724,016 | $49,795,578 | $36,941,168 | $34,974,007 | $1,038,237,246 | $26,829,763 | ||||||||||||||||||||||||
Cash |
146,602 | | | | 8,443 | | ||||||||||||||||||||||||
Foreign currency held, at value |
298,095 | 885 | 96,563 | 103,960 | | | ||||||||||||||||||||||||
Receivables: |
||||||||||||||||||||||||||||||
Dividend and interest |
370,834 | 483,884 | 316,547 | 359,000 | 2,298,427 | 90,749 | ||||||||||||||||||||||||
Securities sold |
6,893 | 1,799 | 271,300 | 200,710 | | 328,784 | ||||||||||||||||||||||||
Variation margin on futures contracts |
| | | | 442,000 | | ||||||||||||||||||||||||
Due from adviser |
21,370 | 11,411 | 4,943 | 10,997 | 47,346 | 3,282 | ||||||||||||||||||||||||
Swap agreements appreciation |
| | | | 111,230,802 | | ||||||||||||||||||||||||
Prepaid expenses and other assets |
418 | 141 | 108 | 207 | 3,648 | 140 | ||||||||||||||||||||||||
Total Assets |
135,568,228 | 50,293,698 | 37,630,629 | 35,648,881 | 1,152,267,912 | 27,252,718 | ||||||||||||||||||||||||
LIABILITIES |
||||||||||||||||||||||||||||||
Payables: |
||||||||||||||||||||||||||||||
Fund shares redeemed |
| 8,633 | 674 | 2,454 | 829,148 | 95,774 | ||||||||||||||||||||||||
Securities purchased |
3,293,526 | | 224,599 | 148,959 | 17,503,264 | 114,705 | ||||||||||||||||||||||||
Due to custodian |
| | | | | 153,027 | ||||||||||||||||||||||||
Accrued advisory fees |
88,036 | 35,202 | 27,239 | 18,893 | 336,743 | 17,774 | ||||||||||||||||||||||||
Accrued administration fees |
16,507 | 6,439 | 4,807 | 4,360 | 144,318 | 3,555 | ||||||||||||||||||||||||
Accrued custodian and portfolio accounting fees |
31,554 | 26,416 | 20,106 | 18,230 | 109,452 | 6,909 | ||||||||||||||||||||||||
Accrued legal, audit and tax service fees |
7,517 | 2,194 | 1,978 | 1,858 | 59,426 | 1,520 | ||||||||||||||||||||||||
Accrued trustees fees and deferred compensation |
3,725 | 4,960 | 3 | 5,889 | 94 | 1,310 | ||||||||||||||||||||||||
Accrued foreign capital gains tax |
958,085 | 65,866 | | | | | ||||||||||||||||||||||||
Accrued other |
31,145 | 11,781 | 4,229 | 14,772 | 48,792 | 1,667 | ||||||||||||||||||||||||
Swap agreements depreciation |
| | | | 10,199,826 | | ||||||||||||||||||||||||
Total Liabilities |
4,430,095 | 161,491 | 283,635 | 215,415 | 29,231,063 | 396,241 | ||||||||||||||||||||||||
NET ASSETS |
$131,138,133 | $50,132,207 | $37,346,994 | $35,433,466 | $1,123,036,849 | $26,856,477 | ||||||||||||||||||||||||
NET ASSETS CONSIST OF: |
||||||||||||||||||||||||||||||
Paid-in capital |
$72,665,741 | $22,413,908 | $26,658,753 | $33,947,969 | $709,214,248 | $18,472,828 | ||||||||||||||||||||||||
Undistributed/accumulated earnings (deficit) |
58,472,392 | 27,718,299 | 10,688,241 | 1,485,497 | 413,822,601 | 8,383,649 | ||||||||||||||||||||||||
NET ASSETS |
$131,138,133 | $50,132,207 | $37,346,994 | $35,433,466 | $1,123,036,849 | $26,856,477 | ||||||||||||||||||||||||
Class P Shares: |
||||||||||||||||||||||||||||||
Shares of beneficial interest outstanding |
9,357,046 | 4,082,143 | 3,028,362 | 4,148,512 | 80,717,984 | 1,731,073 | ||||||||||||||||||||||||
Net Asset Value per share |
$14.01 | $12.28 | $12.33 | $8.54 | $13.91 | $15.51 | ||||||||||||||||||||||||
Investments, at cost (excluding derivatives) |
$87,875,594 | $24,609,068 | $26,807,328 | $28,320,472 | $1,031,461,029 | $16,941,844 | ||||||||||||||||||||||||
Foreign currency held, at cost |
306,869 | 880 | 97,323 | 104,318 | | |
See Notes to Financial Statements
B-5
PACIFIC FUNDS
FOR THE SIX-MONTH PERIOD ENDED SEPTEMBER 30, 2021 (Unaudited)
|
Pacific Funds Portfolio Optimization | |||||||||||||||||||||||||
Conservative | Moderate- Conservative |
Moderate | Growth | Aggressive- Growth |
||||||||||||||||||||||
INVESTMENT INCOME |
||||||||||||||||||||||||||
Dividends from affiliated mutual fund investments |
$774,430 | $744,803 | $1,650,988 | $962,025 | $128,455 | |||||||||||||||||||||
Total Investment Income |
774,430 | 744,803 | 1,650,988 | 962,025 | 128,455 | |||||||||||||||||||||
EXPENSES |
||||||||||||||||||||||||||
Advisory fees |
251,937 | 342,083 | 1,114,112 | 916,504 | 350,413 | |||||||||||||||||||||
Administration fees |
188,952 | 256,562 | 835,584 | 687,378 | 262,810 | |||||||||||||||||||||
Portfolio accounting fees |
27,682 | 27,816 | 28,987 | 28,679 | 27,817 | |||||||||||||||||||||
Shareholder report expenses |
8,284 | 11,100 | 35,784 | 29,286 | 11,137 | |||||||||||||||||||||
Distribution fees |
||||||||||||||||||||||||||
Class C |
170,267 | 162,012 | 523,011 | 431,023 | 161,308 | |||||||||||||||||||||
Service fees |
||||||||||||||||||||||||||
Class A |
244,472 | 364,794 | 1,166,766 | 974,586 | 364,722 | |||||||||||||||||||||
Class C |
56,756 | 54,004 | 174,337 | 143,674 | 53,769 | |||||||||||||||||||||
Registration fees |
27,268 | 26,335 | 28,430 | 27,273 | 25,836 | |||||||||||||||||||||
Legal, audit and tax service fees |
13,041 | 17,529 | 56,567 | 46,300 | 17,610 | |||||||||||||||||||||
Trustees fees |
6,377 | 8,530 | 27,480 | 22,488 | 8,552 | |||||||||||||||||||||
Interest expense |
| 32 | | | | |||||||||||||||||||||
Other |
3,643 | 4,558 | 12,657 | 10,500 | 4,516 | |||||||||||||||||||||
Total Expenses |
998,679 | 1,275,355 | 4,003,715 | 3,317,691 | 1,288,490 | |||||||||||||||||||||
Adviser Expense Reimbursement |
(86,295 | ) | (95,868 | ) | (189,905 | ) | (164,525 | ) | (95,468 | ) | ||||||||||||||||
Net Expenses |
912,384 | 1,179,487 | 3,813,810 | 3,153,166 | 1,193,022 | |||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) |
(137,954 | ) | (434,684 | ) | (2,162,822 | ) | (2,191,141 | ) | (1,064,567 | ) | ||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||||||||||||||||||||
Net Realized Gain (Loss) On: |
||||||||||||||||||||||||||
Investment security transactions in affiliated mutual funds |
1,062,982 | 2,481,447 | 7,259,027 | 7,996,499 | 3,101,114 | |||||||||||||||||||||
Net Realized Gain (Loss) |
1,062,982 | 2,481,447 | 7,259,027 | 7,996,499 | 3,101,114 | |||||||||||||||||||||
Change In Net Unrealized Appreciation (Depreciation) On: |
||||||||||||||||||||||||||
Investment securities in affiliated mutual fund investments |
6,525,065 | 11,060,975 | 48,478,985 | 44,328,782 | 19,210,742 | |||||||||||||||||||||
Change in Net Unrealized Appreciation (Depreciation) |
6,525,065 | 11,060,975 | 48,478,985 | 44,328,782 | 19,210,742 | |||||||||||||||||||||
NET GAIN (LOSS) |
7,588,047 | 13,542,422 | 55,738,012 | 52,325,281 | 22,311,856 | |||||||||||||||||||||
NET INCREASE (DECREASE) IN NET
ASSETS |
$7,450,093 | $13,107,738 | $53,575,190 | $50,134,140 | $21,247,289 |
See Notes to Financial Statements
B-6
PACIFIC FUNDS
STATEMENTS OF OPERATIONS (Continued)
FOR THE SIX-MONTH PERIOD ENDED SEPTEMBER 30, 2021 (Unaudited)
Pacific Funds Ultra Short Income |
Pacific Funds Short Duration Income |
Pacific Funds Core Income |
Pacific Funds ESG Core Bond |
Pacific Funds Strategic Income |
Pacific Funds Floating Rate Income |
|||||||||||||||||||||||||
INVESTMENT INCOME |
||||||||||||||||||||||||||||||
Dividends, net of foreign taxes withheld |
$95 | $2,779 | $1,967 | $42 | $281,861 | $862,205 | ||||||||||||||||||||||||
Interest, net of foreign taxes withheld |
153,326 | 11,323,390 | 15,523,484 | 193,232 | 22,767,779 | 54,214,813 | ||||||||||||||||||||||||
Total Investment Income |
153,421 | 11,326,169 | 15,525,451 | 193,274 | 23,049,640 | 55,077,018 | ||||||||||||||||||||||||
EXPENSES |
||||||||||||||||||||||||||||||
Advisory fees |
40,725 | 2,402,622 | 2,908,692 | 50,940 | 3,604,778 | 7,699,522 | ||||||||||||||||||||||||
Administration fees |
24,435 | 900,983 | 872,608 | 20,108 | 901,194 | 1,776,813 | ||||||||||||||||||||||||
Custodian fees and expenses |
678 | 16,833 | 24,713 | 10,027 | 11,550 | 41,260 | ||||||||||||||||||||||||
Portfolio accounting fees |
20,950 | 195,148 | 199,061 | 17,338 | 172,221 | 313,159 | ||||||||||||||||||||||||
Shareholder report expenses |
1,041 | 39,173 | 38,254 | 841 | 35,395 | 69,970 | ||||||||||||||||||||||||
Distribution fees |
||||||||||||||||||||||||||||||
Class C |
| 185,645 | 186,053 | | 290,334 | 336,391 | ||||||||||||||||||||||||
Service fees |
||||||||||||||||||||||||||||||
Class A |
| 260,946 | 202,367 | | 147,051 | 252,497 | ||||||||||||||||||||||||
Class C |
| 61,882 | 62,018 | | 96,778 | 112,130 | ||||||||||||||||||||||||
Registration fees |
17,071 | 67,626 | 60,562 | 7,542 | 59,554 | 58,458 | ||||||||||||||||||||||||
Legal, audit and tax service fees |
1,652 | 62,065 | 60,234 | 1,343 | 56,734 | 118,983 | ||||||||||||||||||||||||
Trustees fees |
685 | 25,753 | 25,149 | 553 | 23,270 | 46,000 | ||||||||||||||||||||||||
Offering costs |
| | | 5,474 | | | ||||||||||||||||||||||||
Interest expense |
| | | | | 317,505 | ||||||||||||||||||||||||
Other |
1,029 | 14,002 | 14,081 | 963 | 11,943 | 21,965 | ||||||||||||||||||||||||
Total Expenses |
108,266 | 4,232,678 | 4,653,792 | 115,129 | 5,410,802 | 11,164,653 | ||||||||||||||||||||||||
Advisory Fee Waiver |
| (24,821 | ) | (20,092 | ) | | (24,857 | ) | (216,244 | ) | ||||||||||||||||||||
Adviser Expense Reimbursement |
(56,138 | ) | (720,929 | ) | (950,915 | ) | (50,784 | ) | (695,705 | ) | (1,638,326 | ) | ||||||||||||||||||
Net Expenses |
52,128 | 3,486,928 | 3,682,785 | 64,345 | 4,690,240 | 9,310,083 | ||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) |
101,293 | 7,839,241 | 11,842,666 | 128,929 | 18,359,400 | 45,766,935 | ||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||||||||||||||||||||||||
Net Realized Gain (Loss) On: |
||||||||||||||||||||||||||||||
Investment security transactions |
17,000 | 5,626,656 | 11,928,518 | (34,172 | ) | 14,282,101 | 12,631,894 | |||||||||||||||||||||||
Net Realized Gain (Loss) |
17,000 | 5,626,656 | 11,928,518 | (34,172 | ) | 14,282,101 | 12,631,894 | |||||||||||||||||||||||
Change In Net Unrealized Appreciation (Depreciation) On: |
||||||||||||||||||||||||||||||
Investment securities |
8,538 | (4,240,025 | ) | 3,654,843 | 386,583 | (1,156,972 | ) | (1,207,657 | ) | |||||||||||||||||||||
Foreign currencies |
| | | | (42 | ) | | |||||||||||||||||||||||
Unfunded loan commitments |
| 3,839 | 3,839 | | 7,584 | 42,830 | ||||||||||||||||||||||||
Change in Net Unrealized Appreciation (Depreciation) |
8,538 | (4,236,186 | ) | 3,658,682 | 386,583 | (1,149,430 | ) | (1,164,827 | ) | |||||||||||||||||||||
NET GAIN (LOSS) |
25,538 | 1,390,470 | 15,587,200 | 352,411 | 13,132,671 | 11,467,067 | ||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS
|
$126,831 | $9,229,711 | $27,429,866 | $481,340 | $31,492,071 | $57,234,002 |
See Notes to Financial Statements
B-7
PACIFIC FUNDS
STATEMENTS OF OPERATIONS (Continued)
FOR THE SIX-MONTH PERIOD ENDED SEPTEMBER 30, 2021 (Unaudited)
Pacific Funds High Income |
Pacific Funds Small/Mid-Cap |
Pacific Funds Small-Cap |
Pacific Funds Small-Cap Value |
PF Inflation Managed Fund |
PF Managed Bond Fund |
|||||||||||||||||||||||||
INVESTMENT INCOME |
||||||||||||||||||||||||||||||
Dividends, net of foreign taxes withheld |
$33,628 | $1,333,915 | $74,458 | $113,261 | $20 | $1,845 | ||||||||||||||||||||||||
Interest, net of foreign taxes withheld |
4,504,170 | | | | 1,270,374 | 5,900,761 | ||||||||||||||||||||||||
Total Investment Income |
4,537,798 | 1,333,915 | 74,458 | 113,261 | 1,270,394 | 5,902,606 | ||||||||||||||||||||||||
EXPENSES |
||||||||||||||||||||||||||||||
Advisory fees |
496,271 | 1,352,576 | 72,564 | 69,978 | 67,196 | 1,138,371 | ||||||||||||||||||||||||
Administration fees |
124,068 | 270,515 | 14,513 | 13,996 | 25,198 | 426,889 | ||||||||||||||||||||||||
Custodian fees and expenses |
2,777 | 3,478 | 161 | 162 | 2,517 | 26,098 | ||||||||||||||||||||||||
Portfolio accounting fees |
50,051 | 63,099 | 16,299 | 16,353 | 24,839 | 196,363 | ||||||||||||||||||||||||
Shareholder report expenses |
5,327 | 11,595 | 589 | 597 | 1,092 | 18,635 | ||||||||||||||||||||||||
Distribution fees |
||||||||||||||||||||||||||||||
Class C |
6,873 | 40,420 | 2,844 | 2,890 | | | ||||||||||||||||||||||||
Service fees |
||||||||||||||||||||||||||||||
Class A |
9,851 | 29,233 | 3,032 | 2,929 | | | ||||||||||||||||||||||||
Class C |
2,291 | 13,473 | 948 | 963 | | | ||||||||||||||||||||||||
Registration fees |
28,706 | 31,861 | 28,593 | 28,092 | 26 | 443 | ||||||||||||||||||||||||
Legal, audit and tax service fees |
8,431 | 18,301 | 943 | 946 | 1,723 | 29,411 | ||||||||||||||||||||||||
Trustees fees |
3,502 | 7,623 | 387 | 393 | 840 | 14,324 | ||||||||||||||||||||||||
Interest expense |
| 10 | 18 | | 1,493 | 125 | ||||||||||||||||||||||||
Other |
3,160 | 11,308 | 1,913 | 1,913 | 308 | 5,910 | ||||||||||||||||||||||||
Total Expenses |
741,308 | 1,853,492 | 142,804 | 139,212 | 125,232 | 1,856,569 | ||||||||||||||||||||||||
Advisory Fee Waiver |
| | | | | (21,345 | ) | |||||||||||||||||||||||
Adviser Expense Reimbursement |
(143,769 | ) | (57,855 | ) | (44,939 | ) | (44,366 | ) | (31,345 | ) | (291,183 | ) | ||||||||||||||||||
Net Expenses |
597,539 | 1,795,637 | 97,865 | 94,846 | 93,887 | 1,544,041 | ||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) |
3,940,259 | (461,722 | ) | (23,407 | ) | 18,415 | 1,176,507 | 4,358,565 | ||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||||||||||||||||||||||||
Net Realized Gain (Loss) On: |
||||||||||||||||||||||||||||||
Investment security transactions, net of foreign capital gains tax withheld |
2,098,429 | 15,285,132 | 1,177,157 | 1,310,888 | 447,770 | (73,820 | ) | |||||||||||||||||||||||
Closed short positions |
| | | | | 31,290 | ||||||||||||||||||||||||
Foreign currency transactions |
| | | | 19,890 | 62,760 | ||||||||||||||||||||||||
Forward foreign currency contract transactions |
| | | | 111,588 | 750,796 | ||||||||||||||||||||||||
Futures contract transactions |
| | | | (56,267 | ) | 2,518,164 | |||||||||||||||||||||||
Purchased option transactions |
| | | | (2,542 | ) | (504,218 | ) | ||||||||||||||||||||||
Swap transactions |
| | | | (31,668 | ) | 781,046 | |||||||||||||||||||||||
Written option transactions |
| | | | 11,638 | 808,515 | ||||||||||||||||||||||||
Net Realized Gain (Loss) |
2,098,429 | 15,285,132 | 1,177,157 | 1,310,888 | 500,409 | 4,374,533 | ||||||||||||||||||||||||
Change In Net Unrealized Appreciation (Depreciation) On: |
||||||||||||||||||||||||||||||
Investment securities, net of deferred foreign capital gains tax |
(572,184 | ) | (11,640,417 | ) | (1,296,468 | ) | (753,788 | ) | 61,635 | 7,765,820 | ||||||||||||||||||||
Short positions |
| | | | | (9,461 | ) | |||||||||||||||||||||||
Foreign currencies |
(5 | ) | | | | (3,089 | ) | (90,835 | ) | |||||||||||||||||||||
Forward foreign currency contracts |
| | | | (57,105 | ) | (6,840 | ) | ||||||||||||||||||||||
Futures contracts |
| | | | (96 | ) | 641,634 | |||||||||||||||||||||||
Purchased options |
| | | | (3,105 | ) | (65,556 | ) | ||||||||||||||||||||||
Swaps |
| | | | (70,356 | ) | (1,827,529 | ) | ||||||||||||||||||||||
Written options |
| | | | 3,665 | (54,342 | ) | |||||||||||||||||||||||
Change in Net Unrealized Appreciation (Depreciation) |
(572,189 | ) | (11,640,417 | ) | (1,296,468 | ) | (753,788 | ) | (68,451 | ) | 6,352,891 | |||||||||||||||||||
NET GAIN (LOSS) |
1,526,240 | 3,644,715 | (119,311 | ) | 557,100 | 431,958 | 10,727,424 | |||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS
|
$5,466,499 | $3,182,993 | ($142,718 | ) | $575,515 | $1,608,465 | $15,085,989 | |||||||||||||||||||||||
Foreign taxes withheld on dividends and interest |
$ | $ | $ | $ | $ | $23,033 |
See Notes to Financial Statements
B-8
PACIFIC FUNDS
STATEMENTS OF OPERATIONS (Continued)
FOR THE SIX-MONTH PERIOD ENDED SEPTEMBER 30, 2021 (Unaudited)
PF Short Duration Bond Fund |
PF Emerging Markets Debt Fund |
PF Growth Fund |
PF Large-Cap Value Fund |
PF Small-Cap Growth Fund |
PF Small-Cap Value Fund |
|||||||||||||||||||||||||
INVESTMENT INCOME |
||||||||||||||||||||||||||||||
Dividends, net of foreign taxes withheld |
$49 | $90 | $376,833 | $1,466,538 | $130,311 | $760,196 | ||||||||||||||||||||||||
Interest, net of foreign taxes withheld |
863,102 | 1,732,287 | 40 | | 52 | | ||||||||||||||||||||||||
Total Investment Income |
863,151 | 1,732,377 | 376,873 | 1,466,538 | 130,363 | 760,196 | ||||||||||||||||||||||||
EXPENSES |
||||||||||||||||||||||||||||||
Advisory fees |
193,055 | 250,113 | 535,057 | 582,099 | 198,826 | 444,667 | ||||||||||||||||||||||||
Administration fees |
72,395 | 47,792 | 145,925 | 134,331 | 49,706 | 88,933 | ||||||||||||||||||||||||
Custodian fees and expenses |
4,402 | 27,891 | 2,477 | 2,098 | 2,106 | 695 | ||||||||||||||||||||||||
Portfolio accounting fees |
43,890 | 30,977 | 39,977 | 37,013 | 25,562 | 31,932 | ||||||||||||||||||||||||
Shareholder report expenses |
3,195 | 2,078 | 6,045 | 5,639 | 2,148 | 3,835 | ||||||||||||||||||||||||
Registration fees |
75 | 50 | 147 | 135 | 52 | 89 | ||||||||||||||||||||||||
Legal, audit and tax service fees |
5,027 | 3,287 | 9,607 | 8,919 | 3,396 | 6,031 | ||||||||||||||||||||||||
Trustees fees |
2,460 | 1,366 | 4,628 | 4,329 | 1,650 | 2,954 | ||||||||||||||||||||||||
Interest expense |
| | 153 | 16 | | | ||||||||||||||||||||||||
Other |
1,089 | 2,394 | 5,518 | 4,848 | 1,753 | 3,204 | ||||||||||||||||||||||||
Total Expenses |
325,588 | 365,948 | 749,534 | 779,427 | 285,199 | 582,340 | ||||||||||||||||||||||||
Advisory Fee Waiver |
| (6,372 | ) | | | | | |||||||||||||||||||||||
Adviser Expense Reimbursement |
(60,138 | ) | (68,043 | ) | (68,400 | ) | (62,981 | ) | (36,667 | ) | (48,739 | ) | ||||||||||||||||||
Net Expenses |
265,450 | 291,533 | 681,134 | 716,446 | 248,532 | 533,601 | ||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) |
597,701 | 1,440,844 | (304,261 | ) | 750,092 | (118,169 | ) | 226,595 | ||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||||||||||||||||||||||||
Net Realized Gain (Loss) On: |
||||||||||||||||||||||||||||||
Investment security transactions, net of foreign capital gains tax withheld |
124,951 | 634,051 | 7,136,178 | 3,989,208 | 4,105,530 | 10,783,173 | ||||||||||||||||||||||||
Foreign currency transactions |
| (4,147 | ) | | | 1,057 | | |||||||||||||||||||||||
Forward foreign currency contract transactions |
| (379,796 | ) | | | | | |||||||||||||||||||||||
Futures contract transactions |
(21,889 | ) | | | | | | |||||||||||||||||||||||
Swap transactions |
| 1,073 | | | | | ||||||||||||||||||||||||
Net Realized Gain (Loss) |
103,062 | 251,181 | 7,136,178 | 3,989,208 | 4,106,587 | 10,783,173 | ||||||||||||||||||||||||
Change In Net Unrealized Appreciation (Depreciation) On: |
||||||||||||||||||||||||||||||
Investment securities, net of deferred foreign capital gains tax |
(363,061 | ) | 149,091 | 18,004,977 | 6,896,353 | 182,878 | (7,846,881 | ) | ||||||||||||||||||||||
Foreign currencies |
(46 | ) | (840 | ) | | | 35 | | ||||||||||||||||||||||
Forward foreign currency contracts |
| 430,669 | | | | | ||||||||||||||||||||||||
Futures contracts |
(75,556 | ) | | | | | | |||||||||||||||||||||||
Swaps |
| (9,835 | ) | | | | | |||||||||||||||||||||||
Change in Net Unrealized Appreciation (Depreciation) |
(438,663 | ) | 569,085 | 18,004,977 | 6,896,353 | 182,913 | (7,846,881 | ) | ||||||||||||||||||||||
NET GAIN (LOSS) |
(335,601 | ) | 820,266 | 25,141,155 | 10,885,561 | 4,289,500 | 2,936,292 | |||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS
|
$262,100 | $2,261,110 | $24,836,894 | $11,635,653 | $4,171,331 | $3,162,887 | ||||||||||||||||||||||||
Foreign taxes withheld on dividends and interest |
$260 | $10,498 | $1,500 | $1,576 | $7,019 | $396 | ||||||||||||||||||||||||
Foreign capital gains tax withheld |
| 2 | | | | | ||||||||||||||||||||||||
Change in deferred foreign capital gains tax |
| (125 | ) | | | | |
See Notes to Financial Statements
B-9
PACIFIC FUNDS
STATEMENTS OF OPERATIONS (Continued)
FOR THE SIX-MONTH PERIOD ENDED SEPTEMBER 30, 2021 (Unaudited)
PF Emerging Markets Fund |
PF International Large-Cap Fund |
PF International Small-Cap Fund |
PF International Value Fund |
PF Multi-Asset Fund |
PF Real Estate Fund |
|||||||||||||||||||||||||
INVESTMENT INCOME |
||||||||||||||||||||||||||||||
Dividends, net of foreign taxes withheld |
$2,282,711 | $603,605 | $575,949 | $730,126 | $975 | $330,430 | ||||||||||||||||||||||||
Interest, net of foreign taxes withheld |
| 14 | | | 5,305,371 | | ||||||||||||||||||||||||
Total Investment Income |
2,282,711 | 603,619 | 575,949 | 730,126 | 5,306,346 | 330,430 | ||||||||||||||||||||||||
EXPENSES |
||||||||||||||||||||||||||||||
Advisory fees |
558,590 | 219,202 | 165,214 | 115,129 | 2,028,122 | 126,782 | ||||||||||||||||||||||||
Administration fees |
104,736 | 38,683 | 29,156 | 26,568 | 869,195 | 21,130 | ||||||||||||||||||||||||
Custodian fees and expenses |
48,690 | 20,644 | 11,027 | 18,125 | 13,974 | 493 | ||||||||||||||||||||||||
Portfolio accounting fees |
38,575 | 27,760 | 32,772 | 29,634 | 208,820 | 17,032 | ||||||||||||||||||||||||
Shareholder report expenses |
4,723 | 1,651 | 1,237 | 1,155 | 36,733 | 876 | ||||||||||||||||||||||||
Registration fees |
111 | 40 | 29 | 28 | 879 | 22 | ||||||||||||||||||||||||
Legal, audit and tax service fees |
7,438 | 2,615 | 1,957 | 1,821 | 58,089 | 1,396 | ||||||||||||||||||||||||
Trustees fees |
3,633 | 1,266 | 813 | 887 | 24,149 | 670 | ||||||||||||||||||||||||
Interest expense |
2,064 | | 127 | | 15 | 37 | ||||||||||||||||||||||||
Other |
28,970 | 14,747 | 4,106 | 14,469 | 12,033 | 827 | ||||||||||||||||||||||||
Total Expenses |
797,530 | 326,608 | 246,438 | 207,816 | 3,252,009 | 169,265 | ||||||||||||||||||||||||
Advisory Fee Waiver |
| (7,737 | ) | | | | (21,130 | ) | ||||||||||||||||||||||
Adviser Expense Reimbursement |
(132,140 | ) | (68,723 | ) | (32,504 | ) | (66,118 | ) | (296,730 | ) | (21,316 | ) | ||||||||||||||||||
Net Expenses |
665,390 | 250,148 | 213,934 | 141,698 | 2,955,279 | 126,819 | ||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) |
1,617,321 | 353,471 | 362,015 | 588,428 | 2,351,067 | 203,611 | ||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||||||||||||||||||||||||
Net Realized Gain (Loss) On: |
||||||||||||||||||||||||||||||
Investment security transactions, net of foreign capital gains tax withheld |
3,583,964 | 595,699 | 2,949,258 | 1,060,925 | 1,167,690 | 2,487,671 | ||||||||||||||||||||||||
Foreign currency transactions |
(38,293 | ) | (206 | ) | (5 | ) | (3,477 | ) | | | ||||||||||||||||||||
Futures contract transactions |
| | | | (222,494 | ) | | |||||||||||||||||||||||
Swap transactions |
| | | | 129,303,092 | | ||||||||||||||||||||||||
Net Realized Gain (Loss) |
3,545,671 | 595,493 | 2,949,253 | 1,057,448 | 130,248,288 | 2,487,671 | ||||||||||||||||||||||||
Change In Net Unrealized Appreciation (Depreciation) On: |
||||||||||||||||||||||||||||||
Investment securities, net of deferred foreign capital gains tax |
(13,157,998 | ) | 2,258,062 | (1,068,204 | ) | 427,237 | (3,170,047 | ) | 937,098 | |||||||||||||||||||||
Foreign currencies |
11,890 | (3,673 | ) | (5,104 | ) | (767 | ) | | | |||||||||||||||||||||
Futures contracts |
| | | | 1,236,115 | | ||||||||||||||||||||||||
Swaps |
| | | | (46,814,686 | ) | | |||||||||||||||||||||||
Change in Net Unrealized Appreciation (Depreciation) |
(13,146,108 | ) | 2,254,389 | (1,073,308 | ) | 426,470 | (48,748,618 | ) | 937,098 | |||||||||||||||||||||
NET GAIN (LOSS) |
(9,600,437 | ) | 2,849,882 | 1,875,945 | 1,483,918 | 81,499,670 | 3,424,769 | |||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET
ASSETS |
($7,983,116 | ) | $3,203,353 | $2,237,960 | $2,072,346 | $83,850,737 | $3,628,380 | |||||||||||||||||||||||
Foreign taxes withheld on dividends and interest |
$122,103 | $96,122 | $78,159 | $97,303 | $ | $ | ||||||||||||||||||||||||
Foreign capital gains tax withheld |
101,900 | 1,193 | | | | | ||||||||||||||||||||||||
Change in deferred foreign capital gains tax |
304,393 | 24,238 | | 86 | | |
See Notes to Financial Statements
B-10
PACIFIC FUNDS
STATEMENTS OF CHANGES IN NET ASSETS
Pacific Funds Portfolio Optimization Conservative |
Pacific Funds Portfolio Optimization Moderate-Conservative |
Pacific Funds Portfolio Optimization Moderate |
||||||||||||||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
|||||||||||||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||||||||||||||
Net Investment income (loss) |
($137,954 | ) | $3,156,055 | ($434,684 | ) | $3,716,258 | ($2,162,822 | ) | $8,699,254 | |||||||||||||||||||||||||||||
Net realized gain (loss) |
1,062,982 | 7,835,686 | 2,481,447 | 16,308,484 | 7,259,027 | 74,896,886 | ||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
6,525,065 | 30,372,610 | 11,060,975 | 60,176,240 | 48,478,985 | 247,418,487 | ||||||||||||||||||||||||||||||||
Net Increase (Decrease) in Net
Assets |
7,450,093 | 41,364,351 | 13,107,738 | 80,200,982 | 53,575,190 | 331,014,627 | ||||||||||||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
|
|||||||||||||||||||||||||||||||||||||
Total distributable earnings |
||||||||||||||||||||||||||||||||||||||
Class A |
| (5,283,185 | ) | | (7,064,752 | ) | | (27,114,953 | ) | |||||||||||||||||||||||||||||
Class C |
| (1,152,697 | ) | | (965,251 | ) | | (3,868,659 | ) | |||||||||||||||||||||||||||||
Advisor Class |
| (288,298 | ) | | (188,295 | ) | | (1,062,829 | ) | |||||||||||||||||||||||||||||
Net Decrease from Dividends and |
| (6,724,180 | ) | | (8,218,298 | ) | | (32,046,441 | ) | |||||||||||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares |
||||||||||||||||||||||||||||||||||||||
Class A |
9,726,206 | 35,011,759 | 10,599,523 | 29,435,827 | 32,034,776 | 62,789,068 | ||||||||||||||||||||||||||||||||
Class C |
4,329,576 | 11,261,328 | 1,978,178 | 4,465,886 | 7,265,517 | 11,191,706 | ||||||||||||||||||||||||||||||||
Advisor Class |
2,300,668 | 5,386,176 | 1,395,413 | 1,355,410 | 9,784,025 | 16,708,416 | ||||||||||||||||||||||||||||||||
Dividends and distribution reinvestments |
||||||||||||||||||||||||||||||||||||||
Class A |
| 5,203,279 | | 6,952,731 | | 26,791,910 | ||||||||||||||||||||||||||||||||
Class C |
| 1,147,373 | | 946,789 | | 3,854,860 | ||||||||||||||||||||||||||||||||
Advisor Class |
| 280,904 | | 183,146 | | 1,039,635 | ||||||||||||||||||||||||||||||||
Cost of shares repurchased |
||||||||||||||||||||||||||||||||||||||
Class A |
(15,098,422 | ) | (34,279,957 | ) | (19,863,071 | ) | (44,038,970 | ) | (63,141,544 | ) | (152,990,337 | ) | ||||||||||||||||||||||||||
Class C |
(8,723,577 | ) | (19,620,458 | ) | (8,497,694 | ) | (20,174,925 | ) | (26,059,438 | ) | (59,225,680 | ) | ||||||||||||||||||||||||||
Advisor Class |
(3,244,759 | ) | (2,545,688 | ) | (525,818 | ) | (2,497,668 | ) | (5,444,636 | ) | (11,687,545 | ) | ||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets
from |
(10,710,308 | ) | 1,844,716 | (14,913,469 | ) | (23,371,774 | ) | (45,561,300 | ) | (101,527,967 | ) | |||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
(3,260,215 | ) | 36,484,887 | (1,805,731 | ) | 48,610,910 | 8,013,890 | 197,440,219 | ||||||||||||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||||||||||||||
Beginning of Year or Period |
249,573,865 | 213,088,978 | 334,948,481 | 286,337,571 | 1,076,462,182 | 879,021,963 | ||||||||||||||||||||||||||||||||
End of Year or Period |
$246,313,650 | $249,573,865 | $333,142,750 | $334,948,481 | $1,084,476,072 | $1,076,462,182 |
(1) | Unaudited. |
See Notes to Financial Statements
B-11
PACIFIC FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
Pacific Funds Portfolio Optimization Growth |
Pacific Funds Portfolio Optimization Aggressive-Growth |
Pacific Funds Ultra Short Income |
||||||||||||||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
|||||||||||||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||||||||||||||
Net Investment income (loss) |
($2,191,141 | ) | $5,645,754 | ($1,064,567 | ) | $1,406,988 | $101,293 | $348,475 | ||||||||||||||||||||||||||||||
Net realized gain (loss) |
7,996,499 | 70,880,721 | 3,101,114 | 34,546,784 | 17,000 | 206,296 | ||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
44,328,782 | 238,760,453 | 19,210,742 | 99,089,943 | 8,538 | 977,117 | ||||||||||||||||||||||||||||||||
Net Increase (Decrease) in Net
Assets |
50,134,140 | 315,286,928 | 21,247,289 | 135,043,715 | 126,831 | 1,531,888 | ||||||||||||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
||||||||||||||||||||||||||||||||||||||
Total distributable earnings |
||||||||||||||||||||||||||||||||||||||
Class A |
| (18,889,570 | ) | | (8,743,019 | ) | ||||||||||||||||||||||||||||||||
Class C |
| (2,555,278 | ) | | (1,275,658 | ) | ||||||||||||||||||||||||||||||||
Class I |
(44,488 | ) | (177,955 | ) | ||||||||||||||||||||||||||||||||||
Advisor Class |
| (551,099 | ) | | (482,568 | ) | (66,514 | ) | (234,884 | ) | ||||||||||||||||||||||||||||
Net Decrease from Dividends and |
| (21,995,947 | ) | | (10,501,245 | ) | (111,002 | ) | (412,839 | ) | ||||||||||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares |
||||||||||||||||||||||||||||||||||||||
Class A |
23,531,951 | 45,822,124 | 9,987,301 | 18,163,912 | ||||||||||||||||||||||||||||||||||
Class C |
4,571,508 | 12,418,062 | 2,139,275 | 4,721,802 | ||||||||||||||||||||||||||||||||||
Class I |
| 46,711 | ||||||||||||||||||||||||||||||||||||
Advisor Class |
4,077,875 | 6,115,334 | 1,681,661 | 4,722,792 | 1,930,373 | 7,858,842 | ||||||||||||||||||||||||||||||||
Dividends and distribution reinvestments |
||||||||||||||||||||||||||||||||||||||
Class A |
| 18,734,417 | | 8,683,958 | ||||||||||||||||||||||||||||||||||
Class C |
| 2,541,506 | | 1,274,479 | ||||||||||||||||||||||||||||||||||
Class I |
44,488 | 177,929 | ||||||||||||||||||||||||||||||||||||
Advisor Class |
| 521,522 | | 475,303 | 66,508 | 234,824 | ||||||||||||||||||||||||||||||||
Cost of shares repurchased |
||||||||||||||||||||||||||||||||||||||
Class A |
(48,338,499 | ) | (111,063,153 | ) | (16,890,283 | ) | (44,467,790 | ) | ||||||||||||||||||||||||||||||
Class C |
(20,050,898 | ) | (40,855,794 | ) | (8,708,439 | ) | (15,032,121 | ) | ||||||||||||||||||||||||||||||
Class I |
| (46,711 | ) | |||||||||||||||||||||||||||||||||||
Advisor Class |
(2,568,454 | ) | (7,551,044 | ) | (1,322,699 | ) | (5,156,479 | ) | (1,249,487 | ) | (2,622,797 | ) | ||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets
from |
(38,776,517 | ) | (73,317,026 | ) | (13,113,184 | ) | (26,614,144 | ) | 791,882 | 5,648,798 | ||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
11,357,623 | 219,973,955 | 8,134,105 | 97,928,326 | 807,711 | 6,767,847 | ||||||||||||||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||||||||||||||
Beginning of Year or Period |
879,832,035 | 659,858,080 | 334,377,717 | 236,449,391 | 31,441,585 | 24,673,738 | ||||||||||||||||||||||||||||||||
End of Year or Period |
$891,189,658 | $879,832,035 | $342,511,822 | $334,377,717 | $32,249,296 | $31,441,585 |
(1) | Unaudited. |
See Notes to Financial Statements
B-12
PACIFIC FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
Pacific Funds Short Duration Income |
Pacific Funds Core Income |
Pacific Funds ESG Core Bond |
||||||||||||||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Period Ended March 31, 2021 (2) |
|||||||||||||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||||||||||||||
Net Investment income (loss) |
$7,839,241 | $18,602,818 | $11,842,666 | $24,529,763 | $128,929 | $64,147 | ||||||||||||||||||||||||||||||||
Net realized gain (loss) |
5,626,656 | 11,962,482 | 11,928,518 | 42,289,625 | (34,172 | ) | (38,438 | ) | ||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
(4,236,186 | ) | 41,907,934 | 3,658,682 | 16,709,444 | 386,583 | (712,741 | ) | ||||||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets
|
9,229,711 | 72,473,234 | 27,429,866 | 83,528,832 | 481,340 | (687,032 | ) | |||||||||||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
||||||||||||||||||||||||||||||||||||||
Total distributable earnings |
||||||||||||||||||||||||||||||||||||||
Class A |
(1,192,744 | ) | (2,672,415 | ) | (1,468,947 | ) | (4,215,998 | ) | ||||||||||||||||||||||||||||||
Class C |
(96,077 | ) | (389,391 | ) | (262,458 | ) | (1,120,964 | ) | ||||||||||||||||||||||||||||||
Class I |
(1,068,886 | ) | (2,124,479 | ) | (1,242,075 | ) | (2,398,465 | ) | (77,502 | ) | (34,030 | ) | ||||||||||||||||||||||||||
Class P |
(491,231 | ) | (1,179,750 | ) | ||||||||||||||||||||||||||||||||||
Advisor Class |
(5,495,933 | ) | (13,533,968 | ) | (8,371,550 | ) | (23,920,380 | ) | (66,490 | ) | (34,031 | ) | ||||||||||||||||||||||||||
Net Decrease from Dividends and |
(7,853,640 | ) | (18,720,253 | ) | (11,836,261 | ) | (32,835,557 | ) | (143,992 | ) | (68,061 | ) | ||||||||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares |
||||||||||||||||||||||||||||||||||||||
Class A |
27,119,222 | 131,631,746 | 17,761,665 | 58,396,192 | ||||||||||||||||||||||||||||||||||
Class C |
3,887,058 | 16,277,069 | 2,887,409 | 15,063,353 | ||||||||||||||||||||||||||||||||||
Class I |
31,215,725 | 68,045,239 | 23,021,607 | 63,125,136 | 2,851,800 | 12,500,000 | ||||||||||||||||||||||||||||||||
Class P |
254,790 | 18,370,178 | ||||||||||||||||||||||||||||||||||||
Advisor Class |
242,539,352 | 552,115,864 | 129,882,344 | 458,472,517 | | 12,500,000 | ||||||||||||||||||||||||||||||||
Dividends and distribution reinvestments |
||||||||||||||||||||||||||||||||||||||
Class A |
943,586 | 2,199,177 | 1,347,577 | 3,919,496 | ||||||||||||||||||||||||||||||||||
Class C |
94,154 | 382,559 | 241,470 | 1,028,819 | ||||||||||||||||||||||||||||||||||
Class I |
1,069,056 | 2,124,479 | 1,241,995 | 2,397,604 | 77,502 | 34,030 | ||||||||||||||||||||||||||||||||
Class P |
491,231 | 1,179,750 | ||||||||||||||||||||||||||||||||||||
Advisor Class |
5,415,488 | 13,341,072 | 6,390,892 | 18,227,646 | 66,490 | 34,031 | ||||||||||||||||||||||||||||||||
Cost of shares repurchased |
||||||||||||||||||||||||||||||||||||||
Class A |
(28,382,833 | ) | (91,635,549 | ) | (24,170,619 | ) | (49,765,313 | ) | ||||||||||||||||||||||||||||||
Class C |
(7,403,120 | ) | (16,612,491 | ) | (11,883,132 | ) | (23,781,150 | ) | ||||||||||||||||||||||||||||||
Class I |
(14,645,932 | ) | (40,086,476 | ) | (11,465,155 | ) | (20,568,210 | ) | (1,592 | ) | | |||||||||||||||||||||||||||
Class P |
(1,477,784 | ) | (6,811,159 | ) | ||||||||||||||||||||||||||||||||||
Advisor Class |
(229,377,519 | ) | (542,475,424 | ) | (166,328,964 | ) | (390,643,307 | ) | | | ||||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets from
|
32,474,237 | 95,307,265 | (31,804,674 | ) | 148,611,552 | 2,994,200 | 25,068,061 | |||||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
33,850,308 | 149,060,246 | (16,211,069 | ) | 199,304,827 | 3,331,548 | 24,312,968 | |||||||||||||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||||||||||||||
Beginning of Year or Period |
1,176,390,793 | 1,027,330,547 | 1,169,824,138 | 970,519,311 | 24,312,968 | | ||||||||||||||||||||||||||||||||
End of Year or Period |
$1,210,241,101 | $1,176,390,793 | $1,153,613,069 | $1,169,824,138 | $27,644,516 | $24,312,968 |
(1) | Unaudited. |
(2) | Pacific Funds ESG Core Bond commenced operations on December 14, 2020. |
See Notes to Financial Statements
B-13
PACIFIC FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
Pacific Funds Strategic Income |
Pacific Funds Floating Rate Income |
Pacific Funds High Income |
||||||||||||||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
|||||||||||||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||||||||||||||
Net Investment income (loss) |
$18,359,400 | $29,150,360 | $45,766,935 | $57,472,842 | $3,940,259 | $8,377,080 | ||||||||||||||||||||||||||||||||
Net realized gain (loss) |
14,282,101 | 6,015,250 | 12,631,894 | (22,355,305 | ) | 2,098,429 | 2,034,893 | |||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
(1,149,430 | ) | 112,355,871 | (1,164,827 | ) | 155,137,132 | (572,189 | ) | 22,797,040 | |||||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets
|
31,492,071 | 147,521,481 | 57,234,002 | 190,254,669 | 5,466,499 | 33,209,013 | ||||||||||||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
||||||||||||||||||||||||||||||||||||||
Total distributable earnings |
||||||||||||||||||||||||||||||||||||||
Class A |
(1,702,455 | ) | (3,037,971 | ) | (3,653,242 | ) | (6,062,500 | ) | (183,993 | ) | (421,042 | ) | ||||||||||||||||||||||||||
Class C |
(840,754 | ) | (1,957,417 | ) | (1,301,409 | ) | (2,722,677 | ) | (35,034 | ) | (82,759 | ) | ||||||||||||||||||||||||||
Class I |
(353,447 | ) | (615,819 | ) | (22,989,274 | ) | (26,315,901 | ) | (1,764 | ) | (3,408 | ) | ||||||||||||||||||||||||||
Class P |
(186,288 | ) | (277,595 | ) | (3,562,143 | ) | (7,655,914 | ) | ||||||||||||||||||||||||||||||
Advisor Class |
(15,480,774 | ) | (23,608,205 | ) | (17,268,014 | ) | (22,031,816 | ) | (209,344 | ) | (231,425 | ) | ||||||||||||||||||||||||||
Net Decrease from Dividends and |
(18,377,430 | ) | (29,219,412 | ) | (45,398,227 | ) | (57,410,489 | ) | (3,992,278 | ) | (8,394,548 | ) | ||||||||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares |
||||||||||||||||||||||||||||||||||||||
Class A |
40,720,067 | 53,203,403 | 74,559,757 | 53,983,323 | 2,401,598 | 1,471,829 | ||||||||||||||||||||||||||||||||
Class C |
17,793,502 | 17,802,296 | 14,946,020 | 13,092,165 | 7,932 | 488,744 | ||||||||||||||||||||||||||||||||
Class I |
20,833,428 | 15,727,432 | 394,310,102 | 661,384,542 | 29,561 | 1,976 | ||||||||||||||||||||||||||||||||
Class P |
79,067 | 5,230,068 | 682,146 | 33,970,101 | ||||||||||||||||||||||||||||||||||
Advisor Class |
400,585,194 | 454,105,230 | 389,820,735 | 441,881,455 | 7,445,853 | 5,990,443 | ||||||||||||||||||||||||||||||||
Dividends and distribution reinvestments |
||||||||||||||||||||||||||||||||||||||
Class A |
1,414,245 | 2,489,807 | 3,527,403 | 5,794,294 | 180,871 | 413,768 | ||||||||||||||||||||||||||||||||
Class C |
733,375 | 1,702,089 | 1,267,719 | 2,626,202 | 33,595 | 78,671 | ||||||||||||||||||||||||||||||||
Class I |
353,088 | 611,995 | 16,969,198 | 19,007,629 | 1,735 | 3,346 | ||||||||||||||||||||||||||||||||
Class P |
186,288 | 277,595 | 3,562,143 | 7,655,914 | ||||||||||||||||||||||||||||||||||
Advisor Class |
13,141,408 | 19,421,643 | 16,580,123 | 20,806,366 | 208,609 | 229,776 | ||||||||||||||||||||||||||||||||
Cost of shares repurchased |
||||||||||||||||||||||||||||||||||||||
Class A |
(12,799,834 | ) | (35,588,879 | ) | (20,061,045 | ) | (68,611,639 | ) | (2,400,419 | ) | (2,967,320 | ) | ||||||||||||||||||||||||||
Class C |
(9,595,372 | ) | (21,674,042 | ) | (13,546,393 | ) | (40,299,876 | ) | (297,098 | ) | (959,919 | ) | ||||||||||||||||||||||||||
Class I |
(1,825,313 | ) | (22,052,887 | ) | (75,424,006 | ) | (129,151,941 | ) | (229 | ) | (7,538 | ) | ||||||||||||||||||||||||||
Class P |
(320,076 | ) | (4,494,891 | ) | (5,010,673 | ) | (38,525,463 | ) | ||||||||||||||||||||||||||||||
Advisor Class |
(138,183,863 | ) | (223,825,391 | ) | (123,491,058 | ) | (305,995,976 | ) | (690,076 | ) | (6,305,673 | ) | ||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets from
|
333,169,925 | 261,922,696 | 679,403,834 | 675,529,316 | 6,155,548 | 1,538,655 | ||||||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
346,284,566 | 380,224,765 | 691,239,609 | 808,373,496 | 7,629,769 | 26,353,120 | ||||||||||||||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||||||||||||||
Beginning of Year or Period |
1,022,712,523 | 642,487,758 | 2,003,147,334 | 1,194,773,838 | 159,776,914 | 133,423,794 | ||||||||||||||||||||||||||||||||
End of Year or Period |
$1,368,997,089 | $1,022,712,523 | $2,694,386,943 | $2,003,147,334 | $167,406,683 | $159,776,914 |
(1) | Unaudited. |
See Notes to Financial Statements
B-14
PACIFIC FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
Pacific Funds Small/Mid-Cap | Pacific Funds Small-Cap | Pacific Funds Small-Cap Value | ||||||||||||||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended |
|||||||||||||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||||||||||||||
Net Investment income (loss) |
($461,722 | ) | ($376,946 | ) | ($23,407 | ) | ($29,781 | ) | $18,415 | $57,629 | ||||||||||||||||||||||||||||
Net realized gain (loss) |
15,285,132 | 16,372,248 | 1,177,157 | 1,090,765 | 1,310,888 | (57,773 | ) | |||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
(11,640,417 | ) | 157,277,128 | (1,296,468 | ) | 7,519,982 | (753,788 | ) | 9,124,048 | |||||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets
|
3,182,993 | 173,272,430 | (142,718 | ) | 8,580,966 | 575,515 | 9,123,904 | |||||||||||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
||||||||||||||||||||||||||||||||||||||
Total distributable earnings |
||||||||||||||||||||||||||||||||||||||
Class A |
| | | | | (8,513 | ) | |||||||||||||||||||||||||||||||
Class C |
| | | | | | ||||||||||||||||||||||||||||||||
Advisor Class |
| (935,874 | ) | | (8,412 | ) | | (85,233 | ) | |||||||||||||||||||||||||||||
Class R6 |
| (6,175 | ) | | | | (8,676 | ) | ||||||||||||||||||||||||||||||
Net Decrease from Dividends and |
| (942,049 | ) | | (8,412 | ) | | (102,422 | ) | |||||||||||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares |
||||||||||||||||||||||||||||||||||||||
Class A |
1,291,509 | 8,174,835 | 153,267 | 1,291,333 | 319,651 | 2,387,429 | ||||||||||||||||||||||||||||||||
Class C |
372,043 | 901,183 | 63,587 | 222,144 | 95,063 | 239,720 | ||||||||||||||||||||||||||||||||
Advisor Class |
18,493,075 | 29,138,212 | 10,099,523 | 1,088,209 | 691,066 | 2,589,744 | ||||||||||||||||||||||||||||||||
Class R6 |
1,612,508 | 514,030 | 1,186,173 | 541,712 | 924,190 | 242,627 | ||||||||||||||||||||||||||||||||
Dividends and distribution reinvestments |
||||||||||||||||||||||||||||||||||||||
Class A |
| | | | | 8,513 | ||||||||||||||||||||||||||||||||
Class C |
| | | | | | ||||||||||||||||||||||||||||||||
Advisor Class |
| 921,473 | | 8,388 | | 85,233 | ||||||||||||||||||||||||||||||||
Class R6 |
| 6,175 | | | | 8,676 | ||||||||||||||||||||||||||||||||
Cost of shares repurchased |
||||||||||||||||||||||||||||||||||||||
Class A |
(1,739,279 | ) | (10,618,843 | ) | (522,256 | ) | (3,181,124 | ) | (154,217 | ) | (2,321,123 | ) | ||||||||||||||||||||||||||
Class C |
(1,118,386 | ) | (5,111,786 | ) | (123,425 | ) | (320,215 | ) | (155,025 | ) | (555,791 | ) | ||||||||||||||||||||||||||
Advisor Class |
(15,695,784 | ) | (86,156,344 | ) | (631,014 | ) | (3,833,040 | ) | (595,751 | ) | (5,967,233 | ) | ||||||||||||||||||||||||||
Class R6 |
(1,712,259 | ) | (4,384,109 | ) | (1,201,444 | ) | (297,341 | ) | (989,210 | ) | (1,822,036 | ) | ||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets from
|
1,503,427 | (66,615,174 | ) | 9,024,411 | (4,479,934 | ) | 135,767 | (5,104,241 | ) | |||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
4,686,420 | 105,715,207 | 8,881,693 | 4,092,620 | 711,282 | 3,917,241 | ||||||||||||||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||||||||||||||
Beginning of Year or Period |
348,517,277 | 242,802,070 | 16,601,977 | 12,509,357 | 17,916,265 | 13,999,024 | ||||||||||||||||||||||||||||||||
End of Year or Period |
$353,203,697 | $348,517,277 | $25,483,670 | $16,601,977 | $18,627,547 | $17,916,265 |
(1) | Unaudited. |
See Notes to Financial Statements
B-15
PACIFIC FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
PF Inflation Managed Fund |
PF Managed Bond Fund |
PF Short Duration Bond Fund |
||||||||||||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended |
|||||||||||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||||||||||||
Net Investment income (loss) |
$1,176,507 | $328,658 | $4,358,565 | $8,716,448 | $597,701 | $2,117,152 | ||||||||||||||||||||||||||||||
Net realized gain (loss) |
500,409 | 803,882 | 4,374,533 | 15,230,711 | 103,062 | 1,795,305 | ||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
(68,451 | ) | 1,028,583 | 6,352,891 | (6,726,856 | ) | (438,663 | ) | 4,629,250 | |||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets |
1,608,465 | 2,161,123 | 15,085,989 | 17,220,303 | 262,100 | 8,541,707 | ||||||||||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
|
|||||||||||||||||||||||||||||||||||
Total distributable earnings - Class P |
| (411,237 | ) | | (31,347,044 | ) | | (2,909,983 | ) | |||||||||||||||||||||||||||
Net Decrease from Dividends and |
| (411,237 | ) | | (31,347,044 | ) | | (2,909,983 | ) | |||||||||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares- Class P |
182,633 | 12,546,594 | 2,847,155 | 230,581,304 | 1,203,822 | 48,630,313 | ||||||||||||||||||||||||||||||
Dividends and distribution reinvestments - Class P |
| 411,237 | | 31,347,044 | | 2,909,983 | ||||||||||||||||||||||||||||||
Cost of shares repurchased - Class P |
(1,622,681 | ) | (2,676,177 | ) | (18,298,956 | ) | (72,315,418 | ) | (3,390,695 | ) | (81,923,397 | ) | ||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets from |
(1,440,048 | ) | 10,281,654 | (15,451,801 | ) | 189,612,930 | (2,186,873 | ) | (30,383,101 | ) | ||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
168,417 | 12,031,540 | (365,812 | ) | 175,486,189 | (1,924,773 | ) | (24,751,377 | ) | |||||||||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||||||||||||
Beginning of Year or Period |
32,981,678 | 20,950,138 | 562,319,187 | 386,832,998 | 97,528,731 | 122,280,108 | ||||||||||||||||||||||||||||||
End of Year or Period |
$33,150,095 | $32,981,678 | $561,953,375 | $562,319,187 | $95,603,958 | $97,528,731 | ||||||||||||||||||||||||||||||
PF Emerging Markets Debt Fund |
PF Growth Fund | PF Large-Cap Value Fund |
||||||||||||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended |
|||||||||||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||||||||||||
Net Investment income (loss) |
$1,440,844 | $2,854,408 | ($304,261 | ) | ($444,856 | ) | $750,092 | $2,088,029 | ||||||||||||||||||||||||||||
Net realized gain (loss) |
251,181 | 1,139,379 | 7,136,178 | 49,292,712 | 3,989,208 | 30,475,555 | ||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
569,085 | 10,675,186 | 18,004,977 | 27,592,531 | 6,896,353 | 36,460,708 | ||||||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets |
2,261,110 | 14,668,973 | 24,836,894 | 76,440,387 | 11,635,653 | 69,024,292 | ||||||||||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
|
|||||||||||||||||||||||||||||||||||
Total distributable earnings - Class P |
| (2,362,664 | ) | | (43,891,662 | ) | | (25,782,094 | ) | |||||||||||||||||||||||||||
Net Decrease from Dividends and |
| (2,362,664 | ) | | (43,891,662 | ) | | (25,782,094 | ) | |||||||||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares- Class P |
398,826 | 16,917,991 | 294,802 | 23,644,175 | 347,122 | 25,785,476 | ||||||||||||||||||||||||||||||
Dividends and distribution reinvestments - Class P |
| 2,362,664 | | 43,891,662 | | 25,782,094 | ||||||||||||||||||||||||||||||
Cost of shares repurchased - Class P |
(2,293,334 | ) | (57,731,418 | ) | (17,993,524 | ) | (84,476,445 | ) | (10,372,637 | ) | (83,637,866 | ) | ||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets from |
(1,894,508 | ) | (38,450,763 | ) | (17,698,722 | ) | (16,940,608 | ) | (10,025,515 | ) | (32,070,296 | ) | ||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
366,602 | (26,144,454 | ) | 7,138,172 | 15,608,117 | 1,610,138 | 11,171,902 | |||||||||||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||||||||||||
Beginning of Year or Period |
61,478,213 | 87,622,667 | 179,183,036 | 163,574,919 | 171,536,917 | 160,365,015 | ||||||||||||||||||||||||||||||
End of Year or Period |
$61,844,815 | $61,478,213 | $186,321,208 | $179,183,036 | $173,147,055 | $171,536,917 |
(1) | Unaudited. |
See Notes to Financial Statements
B-16
PACIFIC FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
PF Small-Cap Growth Fund |
PF Small-Cap Value Fund |
PF Emerging Markets Fund |
||||||||||||||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
|||||||||||||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||||||||||||||
Net investment income (loss) |
($118,169 | ) | ($88,065 | ) | $226,595 | $388,109 | $1,617,321 | $459,666 | ||||||||||||||||||||||||||||||
Net realized gain (loss) |
4,106,587 | 9,710,608 | 10,783,173 | 9,177,707 | 3,545,671 | 10,533,525 | ||||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
182,913 | 5,623,255 | (7,846,881 | ) | 47,156,760 | (13,146,108 | ) | 41,591,508 | ||||||||||||||||||||||||||||||
Net Increase (Decrease) in Net
Assets |
4,171,331 | 15,245,798 | 3,162,887 | 56,722,576 | (7,983,116 | ) | 52,584,699 | |||||||||||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
||||||||||||||||||||||||||||||||||||||
Total distributable earnings - Class P |
| (6,499,780 | ) | | (325,166 | ) | | (3,697,886 | ) | |||||||||||||||||||||||||||||
Net Decrease from Dividends and |
| (6,499,780 | ) | | (325,166 | ) | | (3,697,886 | ) | |||||||||||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares - Class P |
194,734 | 39,194,635 | 954,790 | 61,337,832 | 1,720,406 | 12,084,306 | ||||||||||||||||||||||||||||||||
Dividends and distribution reinvestments - Class P |
| 6,499,780 | | 325,166 | | 3,697,886 | ||||||||||||||||||||||||||||||||
Cost of shares repurchased - Class P |
(2,552,450 | ) | (8,575,950 | ) | (4,075,050 | ) | (29,167,413 | ) | (4,382,035 | ) | (20,503,939 | ) | ||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets
from |
(2,357,716 | ) | 37,118,465 | (3,120,260 | ) | 32,495,585 | (2,661,629 | ) | (4,721,747 | ) | ||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
1,813,615 | 45,864,483 | 42,627 | 88,892,995 | (10,644,745 | ) | 44,165,066 | |||||||||||||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||||||||||||||
Beginning of Year or Period |
63,555,289 | 17,690,806 | 116,908,740 | 28,015,745 | 141,782,878 | 97,617,812 | ||||||||||||||||||||||||||||||||
End of Year or Period |
$65,368,904 | $63,555,289 | $116,951,367 | $116,908,740 | $131,138,133 | $141,782,878 | ||||||||||||||||||||||||||||||||
PF International Large-Cap Fund |
PF International Small-Cap Fund |
PF International Value Fund |
||||||||||||||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
|||||||||||||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||||||||||||||
Net investment income (loss) |
$353,471 | $473,066 | $362,015 | $435,098 | $588,428 | $596,990 | ||||||||||||||||||||||||||||||||
Net realized gain (loss) |
595,493 | 5,394,718 | 2,949,253 | 4,151,929 | 1,057,448 | (3,641,670 | ) | |||||||||||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
2,254,389 | 9,314,371 | (1,073,308 | ) | 12,346,512 | 426,470 | 19,897,242 | |||||||||||||||||||||||||||||||
Net Increase (Decrease) in Net
Assets |
3,203,353 | 15,182,155 | 2,237,960 | 16,933,539 | 2,072,346 | 16,852,562 | ||||||||||||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
||||||||||||||||||||||||||||||||||||||
Total distributable earnings - Class P |
| (4,258,496 | ) | | (658,806 | ) | | (829,970 | ) | |||||||||||||||||||||||||||||
Net Decrease from Dividends and |
| (4,258,496 | ) | | (658,806 | ) | | (829,970 | ) | |||||||||||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares - Class P |
111,625 | 6,770,295 | 84,808 | 3,199,912 | 154,677 | 6,096,658 | ||||||||||||||||||||||||||||||||
Dividends and distribution reinvestments - Class P |
| 4,258,496 | | 658,806 | | 829,970 | ||||||||||||||||||||||||||||||||
Cost of shares repurchased - Class P |
(2,074,051 | ) | (14,879,283 | ) | (1,883,837 | ) | (10,207,000 | ) | (1,223,268 | ) | (23,490,082 | ) | ||||||||||||||||||||||||||
Net Increase (Decrease) in Net Assets
from |
(1,962,426 | ) | (3,850,492 | ) | (1,799,029 | ) | (6,348,282 | ) | (1,068,591 | ) | (16,563,454 | ) | ||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
1,240,927 | 7,073,167 | 438,931 | 9,926,451 | 1,003,755 | (540,862 | ) | |||||||||||||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||||||||||||||
Beginning of Year or Period |
48,891,280 | 41,818,113 | 36,908,063 | 26,981,612 | 34,429,711 | 34,970,573 | ||||||||||||||||||||||||||||||||
End of Year or Period |
$50,132,207 | $48,891,280 | $37,346,994 | $36,908,063 | $35,433,466 | $34,429,711 |
(1) | Unaudited. |
See Notes to Financial Statements
B-17
PACIFIC FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (Continued)
PF Multi-Asset Fund |
PF Real Estate Fund |
|||||||||||||||||||||||||
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
Six-Month Period Ended September 30, 2021 (1) |
Year Ended March 31, 2021 |
|||||||||||||||||||||||
OPERATIONS |
||||||||||||||||||||||||||
Net investment income (loss) |
$2,351,067 | $10,811,338 | $203,611 | $585,484 | ||||||||||||||||||||||
Net realized gain (loss) |
130,248,288 | 234,690,317 | 2,487,671 | 5,755,961 | ||||||||||||||||||||||
Change in net unrealized appreciation (depreciation) |
(48,748,618 | ) | 269,536,738 | 937,098 | 5,643,101 | |||||||||||||||||||||
Net Increase (Decrease) in Net
Assets |
83,850,737 | 515,038,393 | 3,628,380 | 11,984,546 | ||||||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS |
|
|||||||||||||||||||||||||
Total distributable earnings - Class P |
| (53,822,193 | ) | | (339,852 | ) | ||||||||||||||||||||
Return of capital - Class P |
|
|
|
|
|
(288,733 | ) | |||||||||||||||||||
Net Decrease from Dividends and |
| (53,822,193 | ) | | (628,585 | ) | ||||||||||||||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||||
Proceeds from sale of shares - Class P |
2,095,710 | 37,933,437 | 39,722 | 1,861,695 | ||||||||||||||||||||||
Dividends and distribution reinvestments - Class P |
| 53,822,193 | | 628,585 | ||||||||||||||||||||||
Cost of shares repurchased - Class P |
(66,519,240 | ) | (334,278,393 | ) | (2,542,929 | ) | (31,646,889 | ) | ||||||||||||||||||
Net Increase (Decrease) in Net Assets
from |
(64,423,530 | ) | (242,522,763 | ) | (2,503,207 | ) | (29,156,609 | ) | ||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS |
19,427,207 | 218,693,437 | 1,125,173 | (17,800,648 | ) | |||||||||||||||||||||
NET ASSETS |
||||||||||||||||||||||||||
Beginning of Year or Period |
1,103,609,642 | 884,916,205 | 25,731,304 | 43,531,952 | ||||||||||||||||||||||
End of Year or Period |
$1,123,036,849 | $1,103,609,642 | $26,856,477 | $25,731,304 |
(1) | Unaudited. |
See Notes to Financial Statements
B-18
PACIFIC FUNDS
FOR THE SIX-MONTH PERIOD ENDED SEPTEMBER 30, 2021 (Unaudited)
PF Inflation Managed Fund |
||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES (2): |
||||||||||
Net increase (decrease) in net assets from operations |
$1,608,465 | |||||||||
Adjustments to reconcile net increase (decrease) in net assets from operations to net cash provided by (used in) operating activities: |
||||||||||
Purchases of long-term securities |
(10,389,386 | ) | ||||||||
Proceeds from disposition of long-term securities |
10,876,690 | |||||||||
Proceeds (purchases) of short-term securities, net |
244,395 | |||||||||
Proceeds (purchases) from foreign currency transactions |
(3,089 | ) | ||||||||
(Increase) decrease in dividends and interest receivable |
2,232 | |||||||||
(Increase) decrease in receivable for securities sold |
3,116,330 | |||||||||
(Increase) decrease in receivable due from adviser |
(4,468 | ) | ||||||||
(Increase) decrease in prepaid expenses and other assets |
129 | |||||||||
(Increase) decrease in variation margin on futures contracts |
(30,344 | ) | ||||||||
(Increase) decrease in variation margin on swap agreements |
(21,895 | ) | ||||||||
Increase (decrease) in payable for securities purchased |
(3,031,515 | ) | ||||||||
Increase (decrease) in accrued advisory fees |
1,816 | |||||||||
Increase (decrease) in accrued administration fees |
681 | |||||||||
Increase (decrease) in accrued custodian and portfolio accounting fees |
(1,455 | ) | ||||||||
Increase (decrease) in accrued legal, audit and tax service fees |
(430 | ) | ||||||||
Increase (decrease) in accrued trustees fees and deferred compensation |
125 | |||||||||
Increase (decrease) in accrued other |
582 | |||||||||
Change in net unrealized (appreciation) depreciation on investment securities |
(61,635 | ) | ||||||||
Change in net unrealized (appreciation) depreciation on foreign currencies |
3,089 | |||||||||
Change in net unrealized (appreciation) depreciation on forward foreign currency contracts |
57,105 | |||||||||
Change in net unrealized (appreciation) depreciation on purchased options |
3,105 | |||||||||
Change in net unrealized (appreciation) depreciation on written options |
(3,665 | ) | ||||||||
Net realized (gain) loss on investment security transactions |
(447,770 | ) | ||||||||
Net realized (gain) loss on purchased options transactions |
2,542 | |||||||||
Net realized (gain) loss on written option transactions |
(11,638 | ) | ||||||||
Net amortization on investments |
166,633 | |||||||||
Net cash provided by (used in) operating activities |
2,076,629 | |||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: |
||||||||||
Proceeds from shares sold |
184,125 | |||||||||
Payment of shares redeemed |
(1,527,384 | ) | ||||||||
Proceeds from sale-buyback financing activities |
183,497,184 | |||||||||
Payment on sale-buyback financing transactions |
(184,179,103 | ) | ||||||||
Net cash provided by (used in) financing activities |
(2,025,178 | ) | ||||||||
NET INCREASE (DECREASE) IN CASH AND FOREIGN CURRENCY |
51,451 | |||||||||
CASH AND FOREIGN CURRENCY: |
||||||||||
Beginning of Period |
184,198 | |||||||||
End of Period (3) |
$235,649 |
(1) | Information on financial transactions which have been settled through the receipt or disbursement of cash is presented in the Statement of Cash Flows. The cash amounts shown in the Statement of Cash Flows are the amount included within the Statements of Assets and Liabilities and include cash and foreign currency, if any, but does not include any short-term investments. The PF Inflation Managed Fund has not met the exemption criteria under the Financial Accounting Standards Board Accounting Standards Codification Topic 230, Statement of Cash Flows, and therefore includes a Statement of Cash Flows. All other funds have met the exemption criteria. |
(2) | Interest paid by the PF Inflation Managed Fund was $1,493. |
(3) | Includes cash (segregated for derivative instruments) of $170,000. |
See Notes to Financial Statements
B-19
PACIFIC FUNDS
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Conservative |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.46 | $0.00 | (7) | $0.35 | $0.35 | $ | $ | $ | $11.81 | 0.67 | % | 0.60 | % | 0.01 | % | 3.05 | % | $191,885 | 2 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.83 | 0.16 | 1.80 | 1.96 | (0.33 | ) | | (0.33 | ) | 11.46 | 0.67 | % | 0.60 | % | 1.47 | % | 19.96 | % | 191,406 | 37 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.23 | 0.17 | (0.35 | ) | (0.18 | ) | (0.20 | ) | (0.02 | ) | (0.22 | ) | 9.83 | 0.68 | % | 0.60 | % | 1.60 | % | (1.95 | %) | 159,186 | 22 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.24 | 0.20 | (0.04 | ) | 0.16 | (0.21 | ) | (0.96 | ) | (1.17 | ) | 10.23 | 0.68 | % | 0.60 | % | 1.83 | % | 1.88 | % | 121,012 | 30 | % | |||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.98 | 0.25 | 0.26 | 0.51 | (0.25 | ) | | (0.25 | ) | 11.24 | 0.68 | % | 0.60 | % | 2.18 | % | 4.60 | % | 131,023 | 30 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.63 | 0.19 | 0.52 | 0.71 | (0.22 | ) | (0.14 | ) | (0.36 | ) | 10.98 | 0.68 | % | 0.60 | % | 1.70 | % | 6.59 | % | 136,881 | 57 | % | ||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.14 | ($0.04 | ) | $0.34 | $0.30 | $ | $ | $ | $11.44 | 1.42 | % | 1.35 | % | (0.73 | %) | 2.69 | % | $43,734 | 2 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.59 | 0.08 | 1.74 | 1.82 | (0.27 | ) | | (0.27 | ) | 11.14 | 1.42 | % | 1.35 | % | 0.72 | % | 18.96 | % | 46,869 | 37 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.97 | 0.09 | (0.35 | ) | (0.26 | ) | (0.10 | ) | (0.02 | ) | (0.12 | ) | 9.59 | 1.43 | % | 1.35 | % | 0.86 | % | (2.72 | %) | 46,909 | 22 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.00 | 0.11 | (0.03 | ) | 0.08 | (0.15 | ) | (0.96 | ) | (1.11 | ) | 9.97 | 1.43 | % | 1.35 | % | 1.08 | % | 1.13 | % | 111,233 | 30 | % | |||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.76 | 0.16 | 0.26 | 0.42 | (0.18 | ) | | (0.18 | ) | 11.00 | 1.43 | % | 1.35 | % | 1.43 | % | 3.89 | % | 137,036 | 30 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.44 | 0.10 | 0.51 | 0.61 | (0.15 | ) | (0.14 | ) | (0.29 | ) | 10.76 | 1.43 | % | 1.35 | % | 0.95 | % | 5.79 | % | 153,433 | 57 | % | ||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.52 | $0.02 | $0.34 | $0.36 | $ | $ | $ | $11.88 | 0.42 | % | 0.35 | % | 0.26 | % | 3.13 | % | $10,695 | 2 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.88 | 0.19 | 1.80 | 1.99 | (0.35 | ) | | (0.35 | ) | 11.52 | 0.42 | % | 0.35 | % | 1.72 | % | 20.17 | % | 11,299 | 37 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.26 | 0.20 | (0.35 | ) | (0.15 | ) | (0.21 | ) | (0.02 | ) | (0.23 | ) | 9.88 | 0.43 | % | 0.35 | % | 1.85 | % | (1.68 | %) | 6,994 | 22 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.26 | 0.22 | (0.03 | ) | 0.19 | (0.23 | ) | (0.96 | ) | (1.19 | ) | 10.26 | 0.43 | % | 0.35 | % | 2.08 | % | 2.26 | % | 6,893 | 30 | % | |||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.00 | 0.28 | 0.25 | 0.53 | (0.27 | ) | | (0.27 | ) | 11.26 | 0.43 | % | 0.35 | % | 2.43 | % | 4.79 | % | 8,135 | 30 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.65 | 0.21 | 0.52 | 0.73 | (0.24 | ) | (0.14 | ) | (0.38 | ) | 11.00 | 0.43 | % | 0.35 | % | 1.95 | % | 6.89 | % | 5,404 | 57 | % | ||||||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate-Conservative |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $12.52 | ($0.01) | $0.51 | $0.50 | $ | $ | $ | $13.02 | 0.66 | % | 0.60 | % | (0.16 | %) | 3.99 | % | $285,448 | 1 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.95 | 0.15 | 2.74 | 2.89 | (0.32 | ) | | (0.32 | ) | 12.52 | 0.66 | % | 0.60 | % | 1.25 | % | 29.06 | % | 283,474 | 28 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.70 | 0.17 | (0.66 | ) | (0.49 | ) | (0.22 | ) | (0.04 | ) | (0.26 | ) | 9.95 | 0.67 | % | 0.60 | % | 1.55 | % | (4.94 | %) | 231,749 | 20 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 12.58 | 0.18 | (0.06 | ) | 0.12 | (0.20 | ) | (1.80 | ) | (2.00 | ) | 10.70 | 0.68 | % | 0.60 | % | 1.55 | % | 1.91 | % | 199,827 | 45 | % | |||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 12.21 | 0.25 | 0.53 | 0.78 | (0.27 | ) | (0.14 | ) | (0.41 | ) | 12.58 | 0.67 | % | 0.60 | % | 1.95 | % | 6.36 | % | 227,420 | 30 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 11.73 | 0.20 | 0.79 | 0.99 | (0.24 | ) | (0.27 | ) | (0.51 | ) | 12.21 | 0.67 | % | 0.60 | % | 1.68 | % | 8.49 | % | 236,725 | 53 | % | ||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $12.20 | ($0.06) | $0.50 | $0.44 | $ | $ | $ | $12.64 | 1.41 | % | 1.35 | % | (0.91 | %) | 3.61 | % | $40,445 | 1 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.72 | 0.06 | 2.66 | 2.72 | (0.24 | ) | | (0.24 | ) | 12.20 | 1.41 | % | 1.35 | % | 0.50 | % | 28.06 | % | 45,349 | 28 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.44 | 0.09 | (0.66 | ) | (0.57 | ) | (0.11 | ) | (0.04 | ) | (0.15 | ) | 9.72 | 1.42 | % | 1.35 | % | 0.80 | % | (5.63 | %) | 48,929 | 20 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 12.34 | 0.09 | (0.06 | ) | 0.03 | (0.13 | ) | (1.80 | ) | (1.93 | ) | 10.44 | 1.43 | % | 1.35 | % | 0.80 | % | 1.11 | % | 136,522 | 45 | % | |||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 12.00 | 0.15 | 0.52 | 0.67 | (0.19 | ) | (0.14 | ) | (0.33 | ) | 12.34 | 1.42 | % | 1.35 | % | 1.20 | % | 5.60 | % | 174,766 | 30 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 11.56 | 0.11 | 0.77 | 0.88 | (0.17 | ) | (0.27 | ) | (0.44 | ) | 12.00 | 1.42 | % | 1.35 | % | 0.93 | % | 7.74 | % | 200,105 | 53 | % | ||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $12.60 | $0.01 | $0.50 | $0.51 | $ | $ | $ | $13.11 | 0.41 | % | 0.35 | % | 0.09 | % | 4.05 | % | $7,250 | 1 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.00 | 0.18 | 2.76 | 2.94 | (0.34 | ) | | (0.34 | ) | 12.60 | 0.41 | % | 0.35 | % | 1.50 | % | 29.44 | % | 6,126 | 28 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.75 | 0.20 | (0.67 | ) | (0.47 | ) | (0.24 | ) | (0.04 | ) | (0.28 | ) | 10.00 | 0.42 | % | 0.35 | % | 1.80 | % | (4.67 | %) | 5,659 | 20 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 12.62 | 0.21 | (0.06 | ) | 0.15 | (0.22 | ) | (1.80 | ) | (2.02 | ) | 10.75 | 0.42 | % | 0.35 | % | 1.80 | % | 2.10 | % | 7,701 | 45 | % | |||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 12.24 | 0.28 | 0.53 | 0.81 | (0.29 | ) | (0.14 | ) | (0.43 | ) | 12.62 | 0.42 | % | 0.35 | % | 2.20 | % | 6.62 | % | 5,196 | 30 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 11.75 | 0.23 | 0.79 | 1.02 | (0.26 | ) | (0.27 | ) | (0.53 | ) | 12.24 | 0.42 | % | 0.35 | % | 1.93 | % | 8.78 | % | 4,895 | 53 | % | ||||||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $14.35 | ($0.02) | $0.73 | $0.71 | $ | $ | $ | $15.06 | 0.63 | % | 0.60 | % | (0.30 | %) | 4.95 | % | $911,439 | 0 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.60 | 0.12 | 4.06 | 4.18 | (0.32 | ) | (0.11 | ) | (0.43 | ) | 14.35 | 0.64 | % | 0.60 | % | 0.95 | % | 39.61 | % | 897,486 | 27 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 12.01 | 0.17 | (0.95 | ) | (0.78 | ) | (0.19 | ) | (0.44 | ) | (0.63 | ) | 10.60 | 0.66 | % | 0.60 | % | 1.38 | % | (7.24 | %) | 714,447 | 19 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 14.26 | 0.16 | 0.04 | 0.20 | (0.23 | ) | (2.22 | ) | (2.45 | ) | 12.01 | 0.66 | % | 0.60 | % | 1.17 | % | 2.49 | % | 652,731 | 41 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 13.67 | 0.20 | 0.94 | 1.14 | (0.24 | ) | (0.31 | ) | (0.55 | ) | 14.26 | 0.66 | % | 0.60 | % | 1.40 | % | 8.36 | % | 690,689 | 36 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 12.99 | 0.22 | 1.17 | 1.39 | (0.24 | ) | (0.47 | ) | (0.71 | ) | 13.67 | 0.66 | % | 0.60 | % | 1.60 | % | 10.94 | % | 720,438 | 48 | % |
See Notes to Financial Statements | See explanation of references on B-29 |
B-20
PACIFIC FUNDS
FINANCIAL HIGHLIGHTS (Continued)
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate (Continued) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $14.03 | ($0.08 | ) | $0.72 | $0.64 | $ | $ | $ | $14.67 | 1.38 | % | 1.35 | % | (1.05 | %) | 4.56 | % | $131,054 | 0 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.39 | 0.03 | 3.96 | 3.99 | (0.24 | ) | (0.11 | ) | (0.35 | ) | 14.03 | 1.39 | % | 1.35 | % | 0.20 | % | 38.56 | % | 143,244 | 27 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 11.77 | 0.08 | (0.94 | ) | (0.86 | ) | (0.08 | ) | (0.44 | ) | (0.52 | ) | 10.39 | 1.41 | % | 1.35 | % | 0.63 | % | (7.97 | %) | 142,846 | 19 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 14.04 | 0.05 | 0.06 | 0.11 | (0.16 | ) | (2.22 | ) | (2.38 | ) | 11.77 | 1.41 | % | 1.35 | % | 0.42 | % | 1.78 | % | 381,170 | 41 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 13.50 | 0.09 | 0.92 | 1.01 | (0.16 | ) | (0.31 | ) | (0.47 | ) | 14.04 | 1.41 | % | 1.35 | % | 0.65 | % | 7.47 | % | 465,913 | 36 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 12.85 | 0.11 | 1.17 | 1.28 | (0.16 | ) | (0.47 | ) | (0.63 | ) | 13.50 | 1.41 | % | 1.35 | % | 0.85 | % | 10.19 | % | 515,691 | 48 | % | ||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $14.42 | ($0.00 | )(7) | $0.74 | $0.74 | $ | $ | $ | $15.16 | 0.38 | % | 0.35 | % | (0.05 | %) | 5.13 | % | $41,983 | 0 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.64 | 0.16 | 4.07 | 4.23 | (0.34 | ) | (0.11 | ) | (0.45 | ) | 14.42 | 0.39 | % | 0.35 | % | 1.20 | % | 39.99 | % | 35,732 | 27 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 12.05 | 0.20 | (0.96 | ) | (0.76 | ) | (0.21 | ) | (0.44 | ) | (0.65 | ) | 10.64 | 0.41 | % | 0.35 | % | 1.63 | % | (7.07 | %) | 21,729 | 19 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 14.29 | 0.19 | 0.04 | 0.23 | (0.25 | ) | (2.22 | ) | (2.47 | ) | 12.05 | 0.41 | % | 0.35 | % | 1.42 | % | 2.75 | % | 26,959 | 41 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 13.69 | 0.24 | 0.94 | 1.18 | (0.27 | ) | (0.31 | ) | (0.58 | ) | 14.29 | 0.41 | % | 0.35 | % | 1.65 | % | 8.54 | % | 23,088 | 36 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 13.00 | 0.25 | 1.18 | 1.43 | (0.27 | ) | (0.47 | ) | (0.74 | ) | 13.69 | 0.41 | % | 0.35 | % | 1.85 | % | 11.30 | % | 17,983 | 48 | % | ||||||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Growth |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $15.50 | ($0.03 | ) | $0.92 | $0.89 | $ | $ | $ | $16.39 | 0.64 | % | 0.60 | % | (0.39 | %) | 5.74 | % | $761,109 | 0 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.59 | 0.11 | 5.19 | 5.30 | (0.23 | ) | (0.16 | ) | (0.39 | ) | 15.50 | 0.64 | % | 0.60 | % | 0.80 | % | 50.27 | % | 743,213 | 28 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 12.77 | 0.19 | (1.45 | ) | (1.26 | ) | (0.22 | ) | (0.70 | ) | (0.92 | ) | 10.59 | 0.66 | % | 0.60 | % | 1.45 | % | (11.24 | %) | 544,605 | 18 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 15.46 | 0.12 | 0.13 | 0.25 | (0.21 | ) | (2.73 | ) | (2.94 | ) | 12.77 | 0.66 | % | 0.60 | % | 0.84 | % | 2.92 | % | 529,247 | 53 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 14.61 | 0.18 | 1.30 | 1.48 | (0.23 | ) | (0.40 | ) | (0.63 | ) | 15.46 | 0.66 | % | 0.60 | % | 1.14 | % | 10.10 | % | 555,328 | 39 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 13.74 | 0.22 | 1.54 | 1.76 | (0.23 | ) | (0.66 | ) | (0.89 | ) | 14.61 | 0.67 | % | 0.60 | % | 1.55 | % | 13.08 | % | 560,395 | 43 | % | ||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $15.06 | ($0.09 | ) | $0.90 | $0.81 | $ | $ | $ | $15.87 | 1.38 | % | 1.35 | % | (1.14 | %) | 5.38 | % | $107,272 | 0 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.33 | 0.01 | 5.03 | 5.04 | (0.15 | ) | (0.16 | ) | (0.31 | ) | 15.06 | 1.39 | % | 1.35 | % | 0.05 | % | 48.99 | % | 116,482 | 28 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 12.45 | 0.09 | (1.41 | ) | (1.32 | ) | (0.10 | ) | (0.70 | ) | (0.80 | ) | 10.33 | 1.41 | % | 1.35 | % | 0.70 | % | (11.81 | %) | 100,768 | 18 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 15.18 | 0.01 | 0.13 | 0.14 | (0.14 | ) | (2.73 | ) | (2.87 | ) | 12.45 | 1.42 | % | 1.35 | % | 0.08 | % | 2.12 | % | 271,000 | 53 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 14.38 | 0.06 | 1.28 | 1.34 | (0.14 | ) | (0.40 | ) | (0.54 | ) | 15.18 | 1.41 | % | 1.35 | % | 0.39 | % | 9.29 | % | 317,342 | 39 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 13.55 | 0.11 | 1.53 | 1.64 | (0.15 | ) | (0.66 | ) | (0.81 | ) | 14.38 | 1.42 | % | 1.35 | % | 0.80 | % | 12.33 | % | 347,447 | 43 | % | ||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $15.60 | ($0.01 | ) | $0.92 | $0.91 | $ | $ | $ | $16.51 | 0.39 | % | 0.35 | % | (0.14 | %) | 5.83 | % | $22,809 | 0 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.65 | 0.14 | 5.23 | 5.37 | (0.26 | ) | (0.16 | ) | (0.42 | ) | 15.60 | 0.39 | % | 0.35 | % | 1.05 | % | 50.62 | % | 20,137 | 28 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 12.82 | 0.22 | (1.45 | ) | (1.23 | ) | (0.24 | ) | (0.70 | ) | (0.94 | ) | 10.65 | 0.41 | % | 0.35 | % | 1.70 | % | (10.98 | %) | 14,485 | 18 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 15.51 | 0.16 | 0.12 | 0.28 | (0.24 | ) | (2.73 | ) | (2.97 | ) | 12.82 | 0.41 | % | 0.35 | % | 1.09 | % | 3.12 | % | 19,458 | 53 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 14.64 | 0.22 | 1.31 | 1.53 | (0.26 | ) | (0.40 | ) | (0.66 | ) | 15.51 | 0.41 | % | 0.35 | % | 1.39 | % | 10.42 | % | 16,280 | 39 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 13.76 | 0.26 | 1.54 | 1.80 | (0.26 | ) | (0.66 | ) | (0.92 | ) | 14.64 | 0.42 | % | 0.35 | % | 1.80 | % | 13.34 | % | 13,275 | 43 | % | ||||||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Aggressive-Growth |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $17.62 | ($0.05 | ) | $1.18 | $1.13 | $ | $ | $ | $18.75 | 0.65 | % | 0.60 | % | (0.53 | %) | 6.41 | % | $286,574 | 0 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 11.38 | 0.09 | 6.70 | 6.79 | (0.21 | ) | (0.34 | ) | (0.55 | ) | 17.62 | 0.66 | % | 0.60 | % | 0.56 | % | 60.05 | % | 275,818 | 31 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 14.25 | 0.19 | (1.89 | ) | (1.70 | ) | (0.23 | ) | (0.94 | ) | (1.17 | ) | 11.38 | 0.67 | % | 0.60 | % | 1.31 | % | (13.66 | %) | 191,505 | 19 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 17.03 | 0.10 | 0.25 | 0.35 | (0.25 | ) | (2.88 | ) | (3.13 | ) | 14.25 | 0.68 | % | 0.60 | % | 0.61 | % | 3.39 | % | 193,470 | 55 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 15.79 | 0.12 | 1.81 | 1.93 | (0.20 | ) | (0.49 | ) | (0.69 | ) | 17.03 | 0.68 | % | 0.60 | % | 0.74 | % | 12.17 | % | 189,903 | 41 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 14.70 | 0.19 | 1.96 | 2.15 | (0.19 | ) | (0.87 | ) | (1.06 | ) | 15.79 | 0.68 | % | 0.60 | % | 1.25 | % | 15.06 | % | 179,825 | 41 | % | ||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $16.92 | ($0.12 | ) | $1.14 | $1.02 | $ | $ | $ | $17.94 | 1.40 | % | 1.35 | % | (1.27 | %) | 6.03 | % | $39,790 | 0 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.97 | (0.03 | ) | 6.45 | 6.42 | (0.13 | ) | (0.34 | ) | (0.47 | ) | 16.92 | 1.41 | % | 1.35 | % | (0.19 | %) | 58.83 | % | 43,705 | 31 | % | |||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 13.76 | 0.08 | (1.82 | ) | (1.74 | ) | (0.11 | ) | (0.94 | ) | (1.05 | ) | 10.97 | 1.42 | % | 1.35 | % | 0.56 | % | (14.25 | %) | 35,339 | 19 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 16.59 | (0.02 | ) | 0.24 | 0.22 | (0.17 | ) | (2.88 | ) | (3.05 | ) | 13.76 | 1.43 | % | 1.35 | % | (0.14 | %) | 2.57 | % | 85,434 | 55 | % | |||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 15.43 | (0.00 | )(7) | 1.75 | 1.75 | (0.10 | ) | (0.49 | ) | (0.59 | ) | 16.59 | 1.43 | % | 1.35 | % | (0.01 | %) | 11.39 | % | 97,877 | 41 | % | |||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 14.41 | 0.07 | 1.93 | 2.00 | (0.11 | ) | (0.87 | ) | (0.98 | ) | 15.43 | 1.43 | % | 1.35 | % | 0.50 | % | 14.18 | % | 99,582 | 41 | % |
See Notes to Financial Statements | See explanation of references on B-29 |
B-21
PACIFIC FUNDS
FINANCIAL HIGHLIGHTS (Continued)
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Aggressive-Growth (Continued) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Advisor Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $17.72 | ($0.03 | ) | $1.19 | $1.16 | $ | $ | $ | $18.88 | 0.40 | % | 0.35 | % | (0.28 | %) | 6.55 | % | $16,147 | 0 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 11.44 | 0.12 | 6.74 | 6.86 | (0.24 | ) | (0.34 | ) | (0.58 | ) | 17.72 | 0.41 | % | 0.35 | % | 0.81 | % | 60.35 | % | 14,855 | 31 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 14.29 | 0.23 | (1.89 | ) | (1.66 | ) | (0.25 | ) | (0.94 | ) | (1.19 | ) | 11.44 | 0.42 | % | 0.35 | % | 1.56 | % | (13.34 | %) | 9,606 | 19 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 17.07 | 0.14 | 0.23 | 0.37 | (0.27 | ) | (2.88 | ) | (3.15 | ) | 14.29 | 0.43 | % | 0.35 | % | 0.86 | % | 3.57 | % | 10,860 | 55 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 15.82 | 0.17 | 1.80 | 1.97 | (0.23 | ) | (0.49 | ) | (0.72 | ) | 17.07 | 0.43 | % | 0.35 | % | 0.99 | % | 12.48 | % | 10,067 | 41 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 14.71 | 0.23 | 1.97 | 2.20 | (0.22 | ) | (0.87 | ) | (1.09 | ) | 15.82 | 0.43 | % | 0.35 | % | 1.50 | % | 15.32 | % | 7,166 | 41 | % | ||||||||||||||||||||||||||||||||||
Pacific Funds Ultra Short Income |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.07 | $0.03 | $0.01 | $0.04 | ($0.03 | ) | $ | ($0.03 | ) | $10.08 | 0.66 | % | 0.32 | % | 0.62 | % | 0.44 | % | $13,044 | 34 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.65 | 0.12 | 0.44 | 0.56 | (0.12 | ) | (0.02 | ) | (0.14 | ) | 10.07 | 0.70 | % | 0.32 | % | 1.16 | % | 5.81 | % | 12,993 | 96 | % | ||||||||||||||||||||||||||||||||||
6/28/2019 - 3/31/2020 | 10.00 | 0.17 | (0.35 | ) | (0.18 | ) | (0.17 | ) | (0.00 | )(7) | (0.17 | ) | 9.65 | 0.87 | % | 0.32 | % | 2.27 | % | (1.81 | %) | 12,273 | 81 | % | ||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.07 | $0.03 | $0.01 | $0.04 | ($0.03 | ) | $ | ($0.03 | ) | $10.08 | 0.66 | % | 0.32 | % | 0.62 | % | 0.44 | % | $19,205 | 34 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.65 | 0.12 | 0.44 | 0.56 | (0.12 | ) | (0.02 | ) | (0.14 | ) | 10.07 | 0.69 | % | 0.32 | % | 1.16 | % | 5.81 | % | 18,449 | 96 | % | ||||||||||||||||||||||||||||||||||
6/28/2019 - 3/31/2020 | 10.00 | 0.17 | (0.35 | ) | (0.18 | ) | (0.17 | ) | (0.00 | )(7) | (0.17 | ) | 9.65 | 0.97 | % | 0.32 | % | 2.27 | % | (1.81 | %) | 12,401 | 81 | % | ||||||||||||||||||||||||||||||||
Pacific Funds Short Duration Income |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.57 | $0.06 | $0.02 | $0.08 | ($0.06 | ) | $ | ($0.06 | ) | $10.59 | 0.87 | % | 0.75 | % | 1.14 | % | 0.77 | % | $204,690 | 35 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.05 | 0.16 | 0.52 | 0.68 | (0.16 | ) | | (0.16 | ) | 10.57 | 0.88 | % | 0.75 | % | 1.50 | % | 6.78 | % | 204,761 | 76 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.30 | 0.24 | (0.25 | ) | (0.01 | ) | (0.24 | ) | | (0.24 | ) | 10.05 | 0.99 | % | 0.75 | % | 2.33 | % | (0.13 | %) | 154,309 | 56 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.24 | 0.26 | 0.05 | 0.31 | (0.25 | ) | | (0.25 | ) | 10.30 | 1.03 | % | 0.75 | % | 2.57 | % | 3.11 | % | 118,935 | 50 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.32 | 0.21 | (0.09 | ) | 0.12 | (0.20 | ) | | (0.20 | ) | 10.24 | 1.04 | % | 0.75 | % | 2.03 | % | 1.18 | % | 94,197 | 76 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.26 | 0.18 | 0.06 | 0.24 | (0.18 | ) | | (0.18 | ) | 10.32 | 1.05 | % | 0.83 | % | 1.77 | % | 2.36 | % | 66,901 | 86 | % | |||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.55 | $0.02 | $0.02 | $0.04 | ($0.02 | ) | $ | ($0.02 | ) | $10.57 | 1.62 | % | 1.50 | % | 0.39 | % | 0.38 | % | $48,032 | 35 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.03 | 0.08 | 0.52 | 0.60 | (0.08 | ) | | (0.08 | ) | 10.55 | 1.63 | % | 1.50 | % | 0.75 | % | 6.00 | % | 51,385 | 76 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.28 | 0.16 | (0.25 | ) | (0.09 | ) | (0.16 | ) | | (0.16 | ) | 10.03 | 1.74 | % | 1.50 | % | 1.58 | % | (0.87 | %) | 48,816 | 56 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.22 | 0.19 | 0.05 | 0.24 | (0.18 | ) | | (0.18 | ) | 10.28 | 1.78 | % | 1.50 | % | 1.82 | % | 2.35 | % | 46,167 | 50 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.30 | 0.13 | (0.09 | ) | 0.04 | (0.12 | ) | | (0.12 | ) | 10.22 | 1.79 | % | 1.50 | % | 1.28 | % | 0.43 | % | 44,337 | 76 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.24 | 0.11 | 0.05 | 0.16 | (0.10 | ) | | (0.10 | ) | 10.30 | 1.80 | % | 1.58 | % | 1.02 | % | 1.60 | % | 43,092 | 86 | % | |||||||||||||||||||||||||||||||||||
Class I |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.56 | $0.07 | $0.01 | $0.08 | ($0.07 | ) | $ | ($0.07 | ) | $10.57 | 0.62 | % | 0.50 | % | 1.39 | % | 0.80 | % | $159,761 | 35 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.03 | 0.18 | 0.54 | 0.72 | (0.19 | ) | | (0.19 | ) | 10.56 | 0.63 | % | 0.50 | % | 1.75 | % | 7.16 | % | 141,974 | 76 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.29 | 0.27 | (0.26 | ) | 0.01 | (0.27 | ) | | (0.27 | ) | 10.03 | 0.63 | % | 0.50 | % | 2.58 | % | 0.03 | % | 106,402 | 56 | % | ||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.22 | 0.29 | 0.06 | 0.35 | (0.28 | ) | | (0.28 | ) | 10.29 | 0.63 | % | 0.50 | % | 2.82 | % | 3.47 | % | 83,436 | 50 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.30 | 0.24 | (0.09 | ) | 0.15 | (0.23 | ) | | (0.23 | ) | 10.22 | 0.64 | % | 0.50 | % | 2.28 | % | 1.43 | % | 4,329 | 76 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.25 | 0.21 | 0.05 | 0.26 | (0.21 | ) | | (0.21 | ) | 10.30 | 0.65 | % | 0.53 | % | 2.06 | % | 2.56 | % | 3,407 | 86 | % | |||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.58 | $0.07 | $0.01 | $0.08 | ($0.07 | ) | $ | ($0.07 | ) | $10.59 | 0.62 | % | 0.50 | % | 1.39 | % | 0.79 | % | $797,758 | 35 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.05 | 0.18 | 0.54 | 0.72 | (0.19 | ) | | (0.19 | ) | 10.58 | 0.63 | % | 0.50 | % | 1.75 | % | 7.14 | % | 778,271 | 76 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.31 | 0.27 | (0.26 | ) | 0.01 | (0.27 | ) | | (0.27 | ) | 10.05 | 0.73 | % | 0.50 | % | 2.58 | % | 0.02 | % | 717,804 | 56 | % | ||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.24 | 0.29 | 0.06 | 0.35 | (0.28 | ) | | (0.28 | ) | 10.31 | 0.78 | % | 0.50 | % | 2.82 | % | 3.46 | % | 483,476 | 50 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.32 | 0.24 | (0.09 | ) | 0.15 | (0.23 | ) | | (0.23 | ) | 10.24 | 0.79 | % | 0.50 | % | 2.28 | % | 1.43 | % | 272,268 | 76 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.26 | 0.21 | 0.06 | 0.27 | (0.21 | ) | | (0.21 | ) | 10.32 | 0.80 | % | 0.57 | % | 2.02 | % | 2.62 | % | 162,554 | 86 | % |
See Notes to Financial Statements | See explanation of references on B-29 |
B-22
PACIFIC FUNDS
FINANCIAL HIGHLIGHTS (Continued)
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
Pacific Funds Core Income |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.18 | $0.10 | $0.15 | $0.25 | ($0.10 | ) | $ | ($0.10 | ) | $11.33 | 0.97 | % | 0.85 | % | 1.82 | % | 2.27 | % | $157,827 | 38 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.60 | 0.22 | 0.66 | 0.88 | (0.22 | ) | (0.08 | ) | (0.30 | ) | 11.18 | 0.98 | % | 0.85 | % | 1.95 | % | 8.29 | % | 160,701 | 102 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.52 | 0.29 | 0.08 | 0.37 | (0.29 | ) | | (0.29 | ) | 10.60 | 1.09 | % | 0.85 | % | 2.70 | % | 3.51 | % | 140,650 | 70 | % | |||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.45 | 0.33 | 0.07 | 0.40 | (0.33 | ) | | (0.33 | ) | 10.52 | 1.13 | % | 0.85 | % | 3.22 | % | 3.99 | % | 82,136 | 93 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.51 | 0.28 | (0.06 | ) | 0.22 | (0.28 | ) | | (0.28 | ) | 10.45 | 1.12 | % | 0.85 | % | 2.62 | % | 2.05 | % | 132,006 | 91 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.45 | 0.28 | 0.06 | 0.34 | (0.28 | ) | | (0.28 | ) | 10.51 | 1.13 | % | 0.93 | % | 2.63 | % | 3.23 | % | 160,226 | 82 | % | |||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.18 | $0.06 | $0.15 | $0.21 | ($0.06 | ) | $ | ($0.06 | ) | $11.33 | 1.72 | % | 1.60 | % | 1.07 | % | 1.89 | % | $45,963 | 38 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.60 | 0.14 | 0.66 | 0.80 | (0.14 | ) | (0.08 | ) | (0.22 | ) | 11.18 | 1.73 | % | 1.60 | % | 1.20 | % | 7.48 | % | 53,990 | 102 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.52 | 0.21 | 0.08 | 0.29 | (0.21 | ) | | (0.21 | ) | 10.60 | 1.84 | % | 1.60 | % | 1.95 | % | 2.73 | % | 58,397 | 70 | % | |||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.46 | 0.26 | 0.06 | 0.32 | (0.26 | ) | | (0.26 | ) | 10.52 | 1.88 | % | 1.60 | % | 2.47 | % | 3.11 | % | 81,309 | 93 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.51 | 0.20 | (0.05 | ) | 0.15 | (0.20 | ) | | (0.20 | ) | 10.46 | 1.87 | % | 1.60 | % | 1.87 | % | 1.38 | % | 101,156 | 91 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.45 | 0.20 | 0.06 | 0.26 | (0.20 | ) | | (0.20 | ) | 10.51 | 1.88 | % | 1.68 | % | 1.88 | % | 2.46 | % | 120,546 | 82 | % | |||||||||||||||||||||||||||||||||||
Class I |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.19 | $0.12 | $0.15 | $0.27 | ($0.12 | ) | $ | ($0.12 | ) | $11.34 | 0.72 | % | 0.55 | % | 2.12 | % | 2.43 | % | $122,074 | 38 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.61 | 0.25 | 0.67 | 0.92 | (0.26 | ) | (0.08 | ) | (0.34 | ) | 11.19 | 0.73 | % | 0.55 | % | 2.25 | % | 8.61 | % | 107,857 | 102 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.53 | 0.33 | 0.07 | 0.40 | (0.32 | ) | | (0.32 | ) | 10.61 | 0.73 | % | 0.55 | % | 3.00 | % | 3.81 | % | 60,355 | 70 | % | |||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.46 | 0.36 | 0.08 | 0.44 | (0.37 | ) | | (0.37 | ) | 10.53 | 0.73 | % | 0.55 | % | 3.52 | % | 4.30 | % | 26,394 | 93 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.52 | 0.31 | (0.06 | ) | 0.25 | (0.31 | ) | | (0.31 | ) | 10.46 | 0.72 | % | 0.55 | % | 2.92 | % | 2.35 | % | 4,339 | 91 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.46 | 0.31 | 0.06 | 0.37 | (0.31 | ) | | (0.31 | ) | 10.52 | 0.73 | % | 0.62 | % | 2.93 | % | 3.54 | % | 4,563 | 82 | % | |||||||||||||||||||||||||||||||||||
Class P |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.23 | $0.12 | $0.15 | $0.27 | ($0.12 | ) | $ | ($0.12 | ) | $11.38 | 0.72 | % | 0.55 | % | 2.12 | % | 2.42 | % | $46,015 | 38 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.64 | 0.26 | 0.67 | 0.93 | (0.26 | ) | (0.08 | ) | (0.34 | ) | 11.23 | 0.73 | % | 0.55 | % | 2.25 | % | 8.68 | % | 46,122 | 102 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.56 | 0.33 | 0.08 | 0.41 | (0.33 | ) | | (0.33 | ) | 10.64 | 0.73 | % | 0.55 | % | 3.00 | % | 3.80 | % | 31,831 | 70 | % | |||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.49 | 0.37 | 0.07 | 0.44 | (0.37 | ) | | (0.37 | ) | 10.56 | 0.73 | % | 0.55 | % | 3.52 | % | 4.29 | % | 40,570 | 93 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.55 | 0.31 | (0.07 | ) | 0.24 | (0.30 | ) | | (0.30 | ) | 10.49 | 0.72 | % | 0.60 | % | 2.87 | % | 2.29 | % | 66,750 | 91 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.49 | 0.30 | 0.06 | 0.36 | (0.30 | ) | | (0.30 | ) | 10.55 | 0.73 | % | 0.70 | % | 2.86 | % | 3.46 | % | 122,260 | 82 | % | |||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.21 | $0.12 | $0.15 | $0.27 | ($0.12 | ) | $ | ($0.12 | ) | $11.36 | 0.72 | % | 0.55 | % | 2.12 | % | 2.42 | % | $781,734 | 38 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.62 | 0.26 | 0.67 | 0.93 | (0.26 | ) | (0.08 | ) | (0.34 | ) | 11.21 | 0.73 | % | 0.55 | % | 2.25 | % | 8.70 | % | 801,154 | 102 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.54 | 0.33 | 0.08 | 0.41 | (0.33 | ) | | (0.33 | ) | 10.62 | 0.84 | % | 0.55 | % | 3.00 | % | 3.81 | % | 679,287 | 70 | % | |||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.48 | 0.36 | 0.07 | 0.43 | (0.37 | ) | | (0.37 | ) | 10.54 | 0.88 | % | 0.55 | % | 3.52 | % | 4.19 | % | 393,645 | 93 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.53 | 0.31 | (0.05 | ) | 0.26 | (0.31 | ) | | (0.31 | ) | 10.48 | 0.87 | % | 0.55 | % | 2.92 | % | 2.45 | % | 388,730 | 91 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.47 | 0.31 | 0.05 | 0.36 | (0.30 | ) | | (0.30 | ) | 10.53 | 0.88 | % | 0.66 | % | 2.90 | % | 3.50 | % | 337,844 | 82 | % | |||||||||||||||||||||||||||||||||||
Pacific Funds ESG Core Bond |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $9.70 | $0.05 | $0.13 | $0.18 | ($0.05 | ) | $ | ($0.05 | ) | $9.83 | 0.86 | % | 0.48 | % | 0.96 | % | 1.88 | % | $15,256 | 18 | % | |||||||||||||||||||||||||||||||||||
12/14/2020 - 3/31/2021 | 10.00 | 0.03 | (0.30 | ) | (0.27 | ) | (0.03 | ) | | (0.03 | ) | 9.70 | 0.97 | % | 0.48 | % | 0.88 | % | (2.73 | %) | 12,156 | 26 | % | |||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $9.70 | $0.05 | $0.13 | $0.18 | ($0.05 | ) | $ | ($0.05 | ) | $9.83 | 0.86 | % | 0.48 | % | 0.96 | % | 1.89 | % | $12,389 | 18 | % | |||||||||||||||||||||||||||||||||||
12/14/2020 - 3/31/2021 | 10.00 | 0.03 | (0.30 | ) | (0.27 | ) | (0.03 | ) | | (0.03 | ) | 9.70 | 0.97 | % | 0.48 | % | 0.88 | % | (2.73 | %) | 12,156 | 26 | % | |||||||||||||||||||||||||||||||||
Pacific Funds Strategic Income |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.52 | $0.17 | $0.15 | $0.32 | ($0.17 | ) | $ | ($0.17 | ) | $11.67 | 1.06 | % | 0.95 | % | 2.89 | % | 2.75 | % | $135,292 | 27 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.72 | 0.40 | 1.79 | 2.19 | (0.39 | ) | | (0.39 | ) | 11.52 | 1.08 | % | 0.95 | % | 3.57 | % | 22.82 | % | 104,659 | 86 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.60 | 0.43 | (0.88 | ) | (0.45 | ) | (0.43 | ) | | (0.43 | ) | 9.72 | 1.19 | % | 0.95 | % | 3.94 | % | (4.58 | %) | 71,510 | 98 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.71 | 0.47 | (0.11 | ) | 0.36 | (0.47 | ) | | (0.47 | ) | 10.60 | 1.23 | % | 0.95 | % | 4.43 | % | 3.43 | % | 61,503 | 99 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.68 | 0.40 | 0.02 | 0.42 | (0.39 | ) | | (0.39 | ) | 10.71 | 1.23 | % | 0.95 | % | 3.70 | % | 3.95 | % | 71,948 | 94 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.09 | 0.39 | 0.59 | 0.98 | (0.39 | ) | | (0.39 | ) | 10.68 | 1.25 | % | 1.02 | % | 3.71 | % | 9.82 | % | 66,765 | 116 | % |
See Notes to Financial Statements | See explanation of references on B-29 |
B-23
PACIFIC FUNDS
FINANCIAL HIGHLIGHTS (Continued)
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
Pacific Funds Strategic Income (Continued) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.49 | $0.13 | $0.15 | $0.28 | ($0.13 | ) | $ | ($0.13 | ) | $11.64 | 1.81 | % | 1.65 | % | 2.19 | % | 2.40 | % | $82,040 | 27 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.69 | 0.32 | 1.80 | 2.12 | (0.32 | ) | | (0.32 | ) | 11.49 | 1.83 | % | 1.65 | % | 2.87 | % | 22.04 | % | 72,157 | 86 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.58 | 0.35 | (0.89 | ) | (0.54 | ) | (0.35 | ) | | (0.35 | ) | 9.69 | 1.94 | % | 1.65 | % | 3.24 | % | (5.35 | %) | 63,134 | 98 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.69 | 0.39 | (0.11 | ) | 0.28 | (0.39 | ) | | (0.39 | ) | 10.58 | 1.98 | % | 1.65 | % | 3.73 | % | 2.73 | % | 58,634 | 99 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.66 | 0.32 | 0.02 | 0.34 | (0.31 | ) | | (0.31 | ) | 10.69 | 1.98 | % | 1.65 | % | 3.00 | % | 3.25 | % | 57,389 | 94 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.07 | 0.31 | 0.59 | 0.90 | (0.31 | ) | | (0.31 | ) | 10.66 | 2.00 | % | 1.76 | % | 2.97 | % | 9.03 | % | 50,016 | 116 | % | |||||||||||||||||||||||||||||||||||
Class I |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.45 | $0.19 | $0.14 | $0.33 | ($0.18 | ) | $ | ($0.18 | ) | $11.60 | 0.81 | % | 0.65 | % | 3.19 | % | 2.92 | % | $33,307 | 27 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.66 | 0.42 | 1.80 | 2.22 | (0.43 | ) | | (0.43 | ) | 11.45 | 0.84 | % | 0.65 | % | 3.87 | % | 23.23 | % | 13,842 | 86 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.54 | 0.46 | (0.88 | ) | (0.42 | ) | (0.46 | ) | | (0.46 | ) | 9.66 | 0.83 | % | 0.65 | % | 4.24 | % | (4.32 | %) | 16,622 | 98 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.65 | 0.50 | (0.11 | ) | 0.39 | (0.50 | ) | | (0.50 | ) | 10.54 | 0.83 | % | 0.65 | % | 4.73 | % | 3.77 | % | 5,750 | 99 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.62 | 0.43 | 0.02 | 0.45 | (0.42 | ) | | (0.42 | ) | 10.65 | 0.83 | % | 0.65 | % | 4.00 | % | 4.28 | % | 3,882 | 94 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.03 | 0.42 | 0.59 | 1.01 | (0.42 | ) | | (0.42 | ) | 10.62 | 0.85 | % | 0.71 | % | 4.01 | % | 10.20 | % | 2,446 | 116 | % | |||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.52 | $0.18 | $0.15 | $0.33 | ($0.18 | ) | $ | ($0.18 | ) | $11.67 | 0.81 | % | 0.70 | % | 3.14 | % | 2.88 | % | $1,118,358 | 27 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.72 | 0.43 | 1.79 | 2.22 | (0.42 | ) | | (0.42 | ) | 11.52 | 0.83 | % | 0.70 | % | 3.82 | % | 23.12 | % | 832,054 | 86 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.60 | 0.45 | (0.87 | ) | (0.42 | ) | (0.46 | ) | | (0.46 | ) | 9.72 | 0.94 | % | 0.70 | % | 4.19 | % | (4.34 | %) | 491,221 | 98 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.71 | 0.49 | (0.11 | ) | 0.38 | (0.49 | ) | | (0.49 | ) | 10.60 | 0.98 | % | 0.70 | % | 4.68 | % | 3.70 | % | 456,428 | 99 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.68 | 0.43 | 0.02 | 0.45 | (0.42 | ) | | (0.42 | ) | 10.71 | 0.98 | % | 0.70 | % | 3.95 | % | 4.21 | % | 405,200 | 94 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.09 | 0.42 | 0.58 | 1.00 | (0.41 | ) | | (0.41 | ) | 10.68 | 1.00 | % | 0.77 | % | 3.96 | % | 10.09 | % | 217,482 | 116 | % | |||||||||||||||||||||||||||||||||||
Pacific Funds Floating Rate Income |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $9.72 | $0.18 | $0.05 | $0.23 | ($0.18 | ) | $ | ($0.18 | ) | $9.77 | 1.13 | % | 1.00 | %(8) | 3.65 | % | 2.35 | % | $229,348 | 55 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.80 | 0.34 | 0.92 | 1.26 | (0.34 | ) | | (0.34 | ) | 9.72 | 1.17 | % | 1.02 | % | 3.63 | % | 14.52 | % | 170,353 | 116 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.88 | 0.46 | (1.08 | ) | (0.62 | ) | (0.46 | ) | | (0.46 | ) | 8.80 | 1.27 | % | 1.02 | % | 4.64 | % | (6.69 | %) | 162,511 | 116 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.12 | 0.49 | (0.24 | ) | 0.25 | (0.49 | ) | | (0.49 | ) | 9.88 | 1.29 | % | 1.01 | % | 4.92 | % | 2.57 | % | 202,929 | 122 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.15 | 0.42 | (0.04 | ) | 0.38 | (0.41 | ) | | (0.41 | ) | 10.12 | 1.28 | % | 1.01 | % | 4.11 | % | 3.85 | % | 209,034 | 158 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.76 | 0.42 | 0.38 | 0.80 | (0.41 | ) | | (0.41 | ) | 10.15 | 1.30 | % | 1.09 | % | 4.21 | % | 8.32 | % | 207,238 | 168 | % | |||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $9.71 | $0.14 | $0.05 | $0.19 | ($0.14 | ) | $ | ($0.14 | ) | $9.76 | 1.88 | % | 1.70 | %(8) | 2.95 | % | 1.99 | % | $91,063 | 55 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.79 | 0.28 | 0.92 | 1.20 | (0.28 | ) | | (0.28 | ) | 9.71 | 1.92 | % | 1.72 | % | 2.93 | % | 13.74 | % | 87,940 | 116 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.86 | 0.39 | (1.08 | ) | (0.69 | ) | (0.38 | ) | | (0.38 | ) | 8.79 | 2.03 | % | 1.72 | % | 3.94 | % | (7.31 | %) | 102,846 | 116 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.10 | 0.42 | (0.24 | ) | 0.18 | (0.42 | ) | | (0.42 | ) | 9.86 | 2.04 | % | 1.71 | % | 4.22 | % | 1.86 | % | 197,081 | 122 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.13 | 0.34 | (0.03 | ) | 0.31 | (0.34 | ) | | (0.34 | ) | 10.10 | 2.03 | % | 1.71 | % | 3.41 | % | 3.14 | % | 191,239 | 158 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.74 | 0.35 | 0.37 | 0.72 | (0.33 | ) | | (0.33 | ) | 10.13 | 2.05 | % | 1.83 | % | 3.47 | % | 7.54 | % | 180,612 | 168 | % | |||||||||||||||||||||||||||||||||||
Class I |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $9.73 | $0.19 | $0.06 | $0.25 | ($0.19 | ) | $ | ($0.19 | ) | $9.79 | 0.88 | % | 0.70 | %(8) | 3.95 | % | 2.50 | % | $1,360,948 | 55 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.81 | 0.38 | 0.91 | 1.29 | (0.37 | ) | | (0.37 | ) | 9.73 | 0.91 | % | 0.72 | % | 3.93 | % | 14.87 | % | 1,019,062 | 116 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.90 | 0.49 | (1.09 | ) | (0.60 | ) | (0.49 | ) | | (0.49 | ) | 8.81 | 0.91 | % | 0.72 | % | 4.94 | % | (6.49 | %) | 415,170 | 116 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.14 | 0.52 | (0.23 | ) | 0.29 | (0.53 | ) | | (0.53 | ) | 9.90 | 0.90 | % | 0.71 | % | 5.22 | % | 2.88 | % | 497,335 | 122 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.16 | 0.45 | (0.03 | ) | 0.42 | (0.44 | ) | | (0.44 | ) | 10.14 | 0.88 | % | 0.71 | % | 4.41 | % | 4.25 | % | 294,352 | 158 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.77 | 0.45 | 0.38 | 0.83 | (0.44 | ) | | (0.44 | ) | 10.16 | 0.89 | % | 0.78 | % | 4.52 | % | 8.63 | % | 249,811 | 168 | % | |||||||||||||||||||||||||||||||||||
Class P |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $9.73 | $0.19 | $0.05 | $0.24 | ($0.19 | ) | $ | ($0.19 | ) | $9.78 | 0.88 | % | 0.70 | %(8) | 3.95 | % | 2.49 | % | $9,555 | 55 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.81 | 0.37 | 0.92 | 1.29 | (0.37 | ) | | (0.37 | ) | 9.73 | 0.91 | % | 0.72 | % | 3.93 | % | 14.85 | % | 9,560 | 116 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.90 | 0.49 | (1.09 | ) | (0.60 | ) | (0.49 | ) | | (0.49 | ) | 8.81 | 0.91 | % | 0.72 | % | 4.95 | % | (6.49 | %) | 7,900 | 116 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.14 | 0.53 | (0.25 | ) | 0.28 | (0.52 | ) | | (0.52 | ) | 9.90 | 0.89 | % | 0.71 | % | 5.22 | % | 2.87 | % | 32,176 | 122 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.16 | 0.44 | (0.02 | ) | 0.42 | (0.44 | ) | | (0.44 | ) | 10.14 | 0.88 | % | 0.76 | % | 4.36 | % | 4.20 | % | 64,557 | 158 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.76 | 0.45 | 0.38 | 0.83 | (0.43 | ) | | (0.43 | ) | 10.16 | 0.89 | % | 0.87 | % | 4.43 | % | 8.56 | % | 78,660 | 168 | % |
See Notes to Financial Statements | See explanation of references on B-29 |
B-24
PACIFIC FUNDS
FINANCIAL HIGHLIGHTS (Continued)
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
Pacific Funds Floating Rate Income (Continued) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $9.75 | $0.19 | $0.06 | $0.25 | ($0.19 | ) | $ | ($0.19 | ) | $9.81 | 0.88 | % | 0.75 | %(8) | 3.90 | % | 2.48 | % | $1,003,472 | 55 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.83 | 0.37 | 0.92 | 1.29 | (0.37 | ) | | (0.37 | ) | 9.75 | 0.91 | % | 0.77 | % | 3.88 | % | 14.78 | % | 716,233 | 116 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.92 | 0.48 | (1.09 | ) | (0.61 | ) | (0.48 | ) | | (0.48 | ) | 8.83 | 1.03 | % | 0.77 | % | 4.89 | % | (6.52 | %) | 506,347 | 116 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.16 | 0.52 | (0.24 | ) | 0.28 | (0.52 | ) | | (0.52 | ) | 9.92 | 1.04 | % | 0.76 | % | 5.17 | % | 2.83 | % | 830,452 | 122 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.18 | 0.44 | (0.02 | ) | 0.42 | (0.44 | ) | | (0.44 | ) | 10.16 | 1.03 | % | 0.76 | % | 4.36 | % | 4.20 | % | 715,700 | 158 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.79 | 0.45 | 0.37 | 0.82 | (0.43 | ) | | (0.43 | ) | 10.18 | 1.04 | % | 0.83 | % | 4.47 | % | 8.56 | % | 450,761 | 168 | % | |||||||||||||||||||||||||||||||||||
Pacific Funds High Income |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.34 | $0.24 | $0.10 | $0.34 | ($0.24 | ) | $ | ($0.24 | ) | $10.44 | 1.12 | % | 0.95 | % | 4.54 | % | 3.30 | % | $7,752 | 23 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.75 | 0.51 | 1.59 | 2.10 | (0.51 | ) | | (0.51 | ) | 10.34 | 1.13 | % | 0.95 | % | 5.13 | % | 24.45 | % | 7,496 | 66 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.07 | 0.52 | (1.33 | ) | (0.81 | ) | (0.51 | ) | | (0.51 | ) | 8.75 | 1.24 | % | 0.95 | % | 5.11 | % | (8.61 | %) | 7,227 | 63 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.23 | 0.55 | (0.16 | ) | 0.39 | (0.55 | ) | | (0.55 | ) | 10.07 | 1.31 | % | 0.95 | % | 5.48 | % | 3.97 | % | 5,174 | 64 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.29 | 0.50 | (0.03 | ) | 0.47 | (0.53 | ) | | (0.53 | ) | 10.23 | 1.46 | % | 0.95 | % | 4.82 | % | 4.66 | % | 5,463 | 72 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.44 | 0.48 | 0.92 | 1.40 | (0.55 | ) | | (0.55 | ) | 10.29 | 1.32 | % | 1.03 | % | 4.81 | % | 15.16 | % | 5,626 | 61 | % | |||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.33 | $0.20 | $0.10 | $0.30 | ($0.20 | ) | $ | ($0.20 | ) | $10.43 | 1.87 | % | 1.65 | % | 3.84 | % | 2.93 | % | $1,700 | 23 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.74 | 0.44 | 1.59 | 2.03 | (0.44 | ) | | (0.44 | ) | 10.33 | 1.88 | % | 1.65 | % | 4.43 | % | 23.61 | % | 1,937 | 66 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.06 | 0.45 | (1.33 | ) | (0.88 | ) | (0.44 | ) | | (0.44 | ) | 8.74 | 2.00 | % | 1.65 | % | 4.41 | % | (9.28 | %) | 2,007 | 63 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.21 | 0.48 | (0.15 | ) | 0.33 | (0.48 | ) | | (0.48 | ) | 10.06 | 2.06 | % | 1.65 | % | 4.78 | % | 3.35 | % | 3,726 | 64 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.28 | 0.43 | (0.04 | ) | 0.39 | (0.46 | ) | | (0.46 | ) | 10.21 | 2.21 | % | 1.65 | % | 4.12 | % | 3.84 | % | 4,418 | 72 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.43 | 0.41 | 0.92 | 1.33 | (0.48 | ) | | (0.48 | ) | 10.28 | 2.07 | % | 1.76 | % | 4.07 | % | 14.36 | % | 4,802 | 61 | % | |||||||||||||||||||||||||||||||||||
Class I |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.24 | $0.25 | $0.09 | $0.34 | ($0.25 | ) | $ | ($0.25 | ) | $10.33 | 0.87 | % | 0.70 | % | 4.79 | % | 3.35 | % | $93 | 23 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.66 | 0.53 | 1.59 | 2.12 | (0.54 | ) | | (0.54 | ) | 10.24 | 0.88 | % | 0.70 | % | 5.38 | % | 24.76 | % | 62 | 66 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.98 | 0.54 | (1.33 | ) | (0.79 | ) | (0.53 | ) | | (0.53 | ) | 8.66 | 0.88 | % | 0.70 | % | 5.36 | % | (8.36 | %) | 54 | 63 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.14 | 0.57 | (0.16 | ) | 0.41 | (0.57 | ) | | (0.57 | ) | 9.98 | 0.91 | % | 0.70 | % | 5.73 | % | 4.27 | % | 175 | 64 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.21 | 0.52 | (0.02 | ) | 0.50 | (0.57 | ) | | (0.57 | ) | 10.14 | 1.07 | % | 0.70 | % | 5.07 | % | 4.95 | % | 211 | 72 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.37 | 0.51 | 0.91 | 1.42 | (0.58 | ) | | (0.58 | ) | 10.21 | 0.90 | % | 0.73 | % | 5.10 | % | 15.52 | % | 5,204 | 61 | % | |||||||||||||||||||||||||||||||||||
Class P |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.24 | $0.25 | $0.09 | $0.34 | ($0.25 | ) | $ | ($0.25 | ) | $10.33 | 0.87 | % | 0.70 | % | 4.79 | % | 3.36 | % | $146,921 | 23 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.66 | 0.53 | 1.59 | 2.12 | (0.54 | ) | | (0.54 | ) | 10.24 | 0.88 | % | 0.70 | % | 5.38 | % | 24.91 | % | 146,345 | 66 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.98 | 0.54 | (1.33 | ) | (0.79 | ) | (0.53 | ) | | (0.53 | ) | 8.66 | 0.88 | % | 0.70 | % | 5.36 | % | (8.46 | %) | 120,807 | 63 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.14 | 0.57 | (0.16 | ) | 0.41 | (0.57 | ) | | (0.57 | ) | 9.98 | 0.91 | % | 0.70 | % | 5.73 | % | 4.27 | % | 113,317 | 64 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.20 | 0.52 | (0.02 | ) | 0.50 | (0.56 | ) | | (0.56 | ) | 10.14 | 1.06 | % | 0.73 | % | 5.04 | % | 4.92 | % | 68,844 | 72 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.36 | 0.49 | 0.93 | 1.42 | (0.58 | ) | | (0.58 | ) | 10.20 | 0.95 | % | 0.80 | % | 5.04 | % | 15.47 | % | 10,554 | 61 | % | |||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.36 | $0.25 | $0.10 | $0.35 | ($0.25 | ) | $ | ($0.25 | ) | $10.46 | 0.87 | % | 0.70 | % | 4.79 | % | 3.42 | % | $10,941 | 23 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.76 | 0.54 | 1.60 | 2.14 | (0.54 | ) | | (0.54 | ) | 10.36 | 0.88 | % | 0.70 | % | 5.38 | % | 24.86 | % | 3,937 | 66 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.08 | 0.54 | (1.33 | ) | (0.79 | ) | (0.53 | ) | | (0.53 | ) | 8.76 | 1.00 | % | 0.70 | % | 5.36 | % | (8.38 | %) | 3,329 | 63 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.24 | 0.58 | (0.17 | ) | 0.41 | (0.57 | ) | | (0.57 | ) | 10.08 | 1.06 | % | 0.70 | % | 5.73 | % | 4.23 | % | 3,669 | 64 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.30 | 0.53 | (0.03 | ) | 0.50 | (0.56 | ) | | (0.56 | ) | 10.24 | 1.21 | % | 0.70 | % | 5.07 | % | 4.91 | % | 2,503 | 72 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.44 | 0.51 | 0.93 | 1.44 | (0.58 | ) | | (0.58 | ) | 10.30 | 1.06 | % | 0.77 | % | 5.07 | % | 15.58 | % | 2,304 | 61 | % | |||||||||||||||||||||||||||||||||||
Pacific Funds Small/Mid-Cap |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $17.47 | ($0.04 | ) | $0.18 | $0.14 | $ | $ | |
$ |
|
$17.61 | 1.23 | % | 1.20 | % | (0.46 | %) | 0.80 | % | $22,730 | 15 | % | ||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.52 | (0.04 | ) | 7.99 | 7.95 | | | | 17.47 | 1.24 | % | 1.20 | % | (0.33 | %) | 83.51 | % | 22,988 | 64 | % | ||||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 13.02 | (0.00 | )(7) | (3.47 | ) | (3.47 | ) | (0.03 | ) | | (0.03 | ) | 9.52 | 1.37 | % | 1.23 | % | (0.03 | %) | (26.71 | %) | 14,379 | 36 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 13.23 | (0.02 | ) | 0.16 | 0.14 | | (0.35 | ) | (0.35 | ) | 13.02 | 1.48 | % | 1.30 | % | (0.11 | %) | 1.19 | % | 21,872 | 33 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.93 | (0.04 | ) | 1.35 | 1.31 | | (0.01 | ) | (0.01 | ) | 13.23 | 1.51 | % | 1.30 | % | (0.28 | %) | 11.02 | % | 21,131 | 23 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.93 | (0.02 | ) | 2.05 | 2.03 | | (0.03 | ) | (0.03 | ) | 11.93 | 1.71 | % | 1.30 | % | (0.19 | %) | 20.44 | % | 18,360 | 45 | % |
See Notes to Financial Statements | See explanation of references on B-29 |
B-25
PACIFIC FUNDS
FINANCIAL HIGHLIGHTS (Continued)
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
Pacific Funds Small/Mid-Cap (Continued) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $16.83 | ($0.10 | ) | $0.17 | $0.07 | $ | $ | $ | $16.90 | 1.98 | % | 1.95 | % | (1.21 | %) | 0.42 | % | $10,302 | 15 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.24 | (0.14 | ) | 7.73 | 7.59 | | | | 16.83 | 1.99 | % | 1.95 | % | (1.08 | %) | 82.14 | % | 10,990 | 64 | % | ||||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 12.70 | (0.10 | ) | (3.36 | ) | (3.46 | ) | | | | 9.24 | 2.13 | % | 1.98 | % | (0.78 | %) | (27.24 | %) | 9,277 | 36 | % | ||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 13.01 | (0.11 | ) | 0.15 | 0.04 | | (0.35 | ) | (0.35 | ) | 12.70 | 2.23 | % | 2.05 | % | (0.87 | %) | 0.43 | % | 16,875 | 33 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.81 | (0.13 | ) | 1.34 | 1.21 | | (0.01 | ) | (0.01 | ) | 13.01 | 2.26 | % | 2.05 | % | (1.03 | %) | 10.28 | % | 15,458 | 23 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.91 | (0.10 | ) | 2.03 | 1.93 | | (0.03 | ) | (0.03 | ) | 11.81 | 2.46 | % | 2.05 | % | (0.94 | %) | 19.47 | % | 7,383 | 45 | % | ||||||||||||||||||||||||||||||||||
Advisor Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $17.57 | ($0.02 | ) | $0.18 | $0.16 | $ | $ | $ | $17.73 | 0.98 | % | 0.95 | % | (0.21 | %) | 0.91 | % | $318,695 | 15 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.58 | (0.01 | ) | 8.05 | 8.04 | (0.05 | ) | | (0.05 | ) | 17.57 | 1.00 | % | 0.95 | % | (0.08 | %) | 84.04 | % | 312,981 | 64 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 13.11 | 0.03 | (3.50 | ) | (3.47 | ) | (0.06 | ) | | (0.06 | ) | 9.58 | 1.12 | % | 0.98 | % | 0.22 | % | (26.61 | %) | 214,344 | 36 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 13.28 | 0.02 | 0.16 | 0.18 | (0.00 | )(7) | (0.35 | ) | (0.35 | ) | 13.11 | 1.23 | % | 1.05 | % | 0.13 | % | 1.50 | % | 328,171 | 33 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.94 | 0.00 | (7) | 1.35 | 1.35 | | (0.01 | ) | (0.01 | ) | 13.28 | 1.26 | % | 1.05 | % | (0.03 | %) | 11.34 | % | 176,897 | 23 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.92 | 0.01 | 2.05 | 2.06 | (0.01 | ) | (0.03 | ) | (0.04 | ) | 11.94 | 1.46 | % | 1.05 | % | 0.06 | % | 20.73 | % | 70,260 | 45 | % | ||||||||||||||||||||||||||||||||||
Class R6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $17.61 | ($0.01 | ) | $0.18 | $0.17 | $ | $ | $ | $17.78 | 0.98 | % | 0.85 | % | (0.11 | %) | 0.97 | % | $1,477 | 15 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.59 | 0.00 | (7) | 8.08 | 8.08 | (0.06 | ) | | (0.06 | ) | 17.61 | 0.99 | % | 0.86 | % | 0.01 | % | 84.32 | % | 1,558 | 64 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 13.12 | 0.04 | (3.50 | ) | (3.46 | ) | (0.07 | ) | | (0.07 | ) | 9.59 | 1.01 | % | 0.93 | % | 0.27 | % | (26.57 | %) | 4,802 | 36 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 13.29 | 0.02 | 0.16 | 0.18 | (0.00 | )(7) | (0.35 | ) | (0.35 | ) | 13.12 | 1.08 | % | 1.00 | % | 0.19 | % | 1.52 | % | 6,422 | 33 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.94 | 0.00 | (7) | 1.36 | 1.36 | | (0.01 | ) | (0.01 | ) | 13.29 | 1.11 | % | 1.00 | % | 0.02 | % | 11.43 | % | 9,977 | 23 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.92 | 0.01 | 2.05 | 2.06 | (0.01 | ) | (0.03 | ) | (0.04 | ) | 11.94 | 1.31 | % | 1.00 | % | 0.11 | % | 20.78 | % | 8,531 | 45 | % | ||||||||||||||||||||||||||||||||||
Pacific Funds Small-Cap |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $16.02 | ($0.04 | ) | ($0.03 | ) | ($0.07 | ) | $ | $ | $ | $15.95 | 1.66 | % | 1.20 | % | (0.43 | %) | (0.44 | %) | $2,283 | 25 | % | ||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.56 | (0.05 | ) | 7.51 | 7.46 | | | | 16.02 | 1.88 | % | 1.20 | % | (0.40 | %) | 87.15 | % | 2,659 | 75 | % | ||||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 12.12 | (0.03 | ) | (3.51 | ) | (3.54 | ) | (0.02 | ) | | (0.02 | ) | 8.56 | 1.73 | % | 1.23 | % | (0.21 | %) | (29.27 | %) | 3,343 | 42 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 12.86 | (0.03 | ) | (0.06 | ) | (0.09 | ) | | (0.65 | ) | (0.65 | ) | 12.12 | 1.72 | % | 1.30 | % | (0.21 | %) | (0.53 | %) | 4,986 | 56 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.77 | (0.02 | ) | 1.33 | 1.31 | (0.01 | ) | (0.21 | ) | (0.22 | ) | 12.86 | 1.89 | % | 1.30 | % | (0.16 | %) | 11.17 | % | 2,367 | 62 | % | |||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.68 | (0.00 | )(7) | 2.19 | 2.19 | (0.10 | ) | | (0.10 | ) | 11.77 | 3.44 | % | 1.30 | % | (0.04 | %) | 22.70 | % | 1,759 | 62 | % | ||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $15.56 | ($0.09 | ) | ($0.03 | ) | ($0.12 | ) | $ | $ | $ | |
$15.44 |
|
2.41 | % | 1.95 | % | (1.18 | %) | (0.77 | %) | $725 | 25 | % | ||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.38 | (0.13 | ) | 7.31 | 7.18 | | | | 15.56 | 2.65 | % | 1.95 | % | (1.15 | %) | 85.68 | % | 789 | 75 | % | ||||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 11.94 | (0.11 | ) | (3.45 | ) | (3.56 | ) | | | | 8.38 | 2.48 | % | 1.98 | % | (0.96 | %) | (29.82 | %) | 538 | 42 | % | ||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 12.76 | (0.12 | ) | (0.05 | ) | (0.17 | ) | | (0.65 | ) | (0.65 | ) | 11.94 | 2.47 | % | 2.05 | % | (0.96 | %) | (1.17 | %) | 902 | 56 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.76 | (0.11 | ) | 1.32 | 1.21 | | (0.21 | ) | (0.21 | ) | 12.76 | 2.64 | % | 2.05 | % | (0.91 | %) | 10.32 | % | 797 | 62 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.66 | (0.09 | ) | 2.19 | 2.10 | | | | 11.76 | 4.19 | % | 2.05 | % | (0.79 | %) | 21.74 | % | 641 | 62 | % | ||||||||||||||||||||||||||||||||||||
Advisor Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $16.32 | ($0.02 | ) | ($0.02 | ) | ($0.04 | ) | $ | $ | $ | $16.28 | 1.40 | % | 0.95 | % | (0.18 | %) | (0.24 | %) | $20,742 | 25 | % | ||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.71 | (0.02 | ) | 7.64 | 7.62 | (0.01 | ) | | (0.01 | ) | 16.32 | 1.65 | % | 0.95 | % | (0.15 | %) | 87.51 | % | 11,402 | 75 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 12.32 | 0.00 | (7) | (3.57 | ) | (3.57 | ) | (0.04 | ) | | (0.04 | ) | 8.71 | 1.48 | % | 0.98 | % | 0.04 | % | (29.07 | %) | 7,897 | 42 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 13.04 | 0.01 | (0.07 | ) | (0.06 | ) | (0.01 | ) | (0.65 | ) | (0.66 | ) | 12.32 | 1.47 | % | 1.05 | % | 0.04 | % | (0.26 | %) | 13,220 | 56 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.90 | 0.01 | 1.35 | 1.36 | (0.01 | ) | (0.21 | ) | (0.22 | ) | 13.04 | 1.64 | % | 1.05 | % | 0.09 | % | 11.45 | % | 14,767 | 62 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.68 | 0.02 | 2.21 | 2.23 | (0.01 | ) | | (0.01 | ) | 11.90 | 3.19 | % | 1.05 | % | 0.21 | % | 23.03 | % | 8,265 | 62 | % | |||||||||||||||||||||||||||||||||||
Class R6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $14.98 | ($0.01 | ) | ($0.03 | ) | ($0.04 | ) | $ | $ | $ | $14.94 | 1.41 | % | 0.85 | % | (0.08 | %) | (0.27 | %) | $1,733 | 25 | % | ||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 7.97 | (0.01 | ) | 7.02 | 7.01 | | | | 14.98 | 1.64 | % | 0.86 | % | (0.06 | %) | 87.72 | % | 1,752 | 75 | % | ||||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 11.29 | 0.01 | (3.28 | ) | (3.27 | ) | (0.05 | ) | | (0.05 | ) | 7.97 | 1.37 | % | 0.93 | % | 0.09 | % | (29.05 | %) | 731 | 42 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 12.00 | 0.01 | (0.06 | ) | (0.05 | ) | (0.01 | ) | (0.65 | ) | (0.66 | ) | 11.29 | 1.32 | % | 1.00 | % | 0.09 | % | (0.18 | %) | 658 | 56 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.95 | 0.02 | 1.24 | 1.26 | | (0.21 | ) | (0.21 | ) | 12.00 | 1.49 | % | 1.00 | % | 0.14 | % | 11.54 | % | 457 | 62 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.67 | 0.03 | 2.17 | 2.20 | (0.92 | ) | | (0.92 | ) | 10.95 | 3.04 | % | 1.00 | % | 0.26 | % | 23.03 | % | 140 | 62 | % |
See Notes to Financial Statements | See explanation of references on B-29 |
B-26
PACIFIC FUNDS
FINANCIAL HIGHLIGHTS (Continued)
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
Pacific Funds Small-Cap Value |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.53 | $0.00 | (7) | $0.37 | $0.37 | $ | $ | $ | $11.90 | 1.67 | % | 1.20 | % | 0.01 | % | 3.21 | % | $2,441 | 22 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 6.15 | 0.02 | 5.41 | 5.43 | (0.05 | ) | | (0.05 | ) | 11.53 | 1.85 | % | 1.20 | % | 0.23 | % | 88.38 | % | 2,206 | 87 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.10 | 0.04 | (2.92 | ) | (2.88 | ) | (0.07 | ) | | (0.07 | ) | 6.15 | 1.72 | % | 1.22 | % | 0.41 | % | (31.93 | %) | 1,023 | 45 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.17 | 0.03 | (0.49 | ) | (0.46 | ) | (0.03 | ) | (1.58 | ) | (1.61 | ) | 9.10 | 1.67 | % | 1.30 | % | 0.30 | % | (3.68 | %) | 1,298 | 51 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.52 | 0.02 | 0.62 | 0.64 | (0.03 | ) | (0.96 | ) | (0.99 | ) | 11.17 | 1.65 | % | 1.30 | % | 0.14 | % | 5.41 | % | 1,105 | 47 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.47 | 0.03 | 2.13 | 2.16 | (0.06 | ) | (0.05 | ) | (0.11 | ) | 11.52 | 1.90 | % | 1.30 | % | 0.23 | % | 22.65 | % | 743 | 76 | % | ||||||||||||||||||||||||||||||||||
Class C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.30 | ($0.04 | ) | $0.36 | $0.32 | $ | $ | $ | $11.62 | 2.42 | % | 1.95 | % | (0.74 | %) | 2.83 | % | $763 | 22 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 6.04 | (0.04 | ) | 5.30 | 5.26 | | | | 11.30 | 2.62 | % | 1.95 | % | (0.52 | %) | 87.09 | % | 801 | 87 | % | ||||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 8.94 | (0.03 | ) | (2.87 | ) | (2.90 | ) | | | | 6.04 | 2.47 | % | 1.97 | % | (0.35 | %) | (32.44 | %) | 644 | 45 | % | ||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.06 | (0.05 | ) | (0.49 | ) | (0.54 | ) | | (1.58 | ) | (1.58 | ) | 8.94 | 2.42 | % | 2.05 | % | (0.45 | %) | (4.47 | %) | 1,287 | 51 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.46 | (0.07 | ) | 0.63 | 0.56 | | (0.96 | ) | (0.96 | ) | 11.06 | 2.40 | % | 2.05 | % | (0.61 | %) | 4.72 | % | 1,568 | 47 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.46 | (0.06 | ) | 2.12 | 2.06 | (0.01 | ) | (0.05 | ) | (0.06 | ) | 11.46 | 2.65 | % | 2.05 | % | (0.52 | %) | 21.81 | % | 1,105 | 76 | % | |||||||||||||||||||||||||||||||||
Advisor Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.63 | $0.02 | $0.36 | $0.38 | $ | $ | $ | $12.01 | 1.42 | % | 0.95 | % | 0.26 | % | 3.27 | % | $14,290 | 22 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 6.19 | 0.04 | 5.47 | 5.51 | (0.07 | ) | | (0.07 | ) | 11.63 | 1.61 | % | 0.95 | % | 0.48 | % | 89.25 | % | 13,750 | 87 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.16 | 0.06 | (2.94 | ) | (2.88 | ) | (0.09 | ) | | (0.09 | ) | 6.19 | 1.47 | % | 0.97 | % | 0.66 | % | (31.79 | %) | 10,018 | 45 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.24 | 0.06 | (0.51 | ) | (0.45 | ) | (0.05 | ) | (1.58 | ) | (1.63 | ) | 9.16 | 1.42 | % | 1.05 | % | 0.55 | % | (3.51 | %) | 11,664 | 51 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.59 | 0.05 | 0.63 | 0.68 | (0.07 | ) | (0.96 | ) | (1.03 | ) | 11.24 | 1.40 | % | 1.05 | % | 0.39 | % | 5.70 | % | 15,511 | 47 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.48 | 0.05 | 2.15 | 2.20 | (0.04 | ) | (0.05 | ) | (0.09 | ) | 11.59 | 1.65 | % | 1.05 | % | 0.48 | % | 23.02 | % | 20,617 | 76 | % | ||||||||||||||||||||||||||||||||||
Class R6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.55 | $0.02 | $0.36 | $0.38 | $ | $ | $ | $11.93 | 1.42 | % | 0.85 | % | 0.36 | % | 3.29 | % | $1,133 | 22 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 6.17 | 0.05 | 5.42 | 5.47 | (0.09 | ) | | (0.09 | ) | 11.55 | 1.61 | % | 0.86 | % | 0.57 | % | 88.95 | % | 1,160 | 87 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.12 | 0.07 | (2.92 | ) | (2.85 | ) | (0.10 | ) | | (0.10 | ) | 6.17 | 1.36 | % | 0.92 | % | 0.70 | % | (31.67 | %) | 2,314 | 45 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.21 | 0.07 | (0.52 | ) | (0.45 | ) | (0.06 | ) | (1.58 | ) | (1.64 | ) | 9.12 | 1.27 | % | 1.00 | % | 0.60 | % | (3.52 | %) | 3,134 | 51 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.55 | 0.05 | 0.64 | 0.69 | (0.07 | ) | (0.96 | ) | (1.03 | ) | 11.21 | 1.25 | % | 1.00 | % | 0.44 | % | 5.78 | % | 9,657 | 47 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.47 | 0.06 | 2.13 | 2.19 | (0.06 | ) | (0.05 | ) | (0.11 | ) | 11.55 | 1.50 | % | 1.00 | % | 0.53 | % | 23.02 | % | 9,655 | 76 | % | ||||||||||||||||||||||||||||||||||
PF Inflation Managed Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $9.88 | $0.36 | $0.13 | $0.49 | $ | $ | $ | $10.37 | 0.75 | % | 0.56 | % | 7.00 | % | 4.85 | % | $33,150 | 24 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.12 | 0.14 | 0.79 | 0.93 | (0.17 | ) | | (0.17 | ) | 9.88 | 0.85 | % | 0.61 | % | 1.41 | % | 10.19 | % | 32,982 | 199 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 8.81 | 0.25 | 0.18 | 0.43 | (0.12 | ) | | (0.12 | ) | 9.12 | 1.25 | % | 1.08 | % | 2.76 | % | 4.94 | % | 20,950 | 249 | % | |||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 8.88 | 0.16 | 0.05 | 0.21 | (0.28 | ) | | (0.28 | ) | 8.81 | 1.15 | % | 1.07 | % | 1.86 | % | 2.50 | % | 40,949 | 126 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 8.92 | 0.27 | (0.19 | ) | 0.08 | (0.12 | ) | | (0.12 | ) | 8.88 | 1.06 | % | 0.94 | % | 3.08 | % | 0.87 | % | 75,772 | 108 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 8.73 | 0.29 | (0.10 | ) | 0.19 | | | | 8.92 | 0.98 | % | 0.80 | % | 3.35 | % | 2.18 | % | 13,130 | 194 | % | ||||||||||||||||||||||||||||||||||||
PF Managed Bond Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.91 | $0.09 | $0.20 | $0.29 | $ | $ | $ | $11.20 | 0.65 | % | 0.54 | % | 1.53 | % | 2.66 | % | $561,953 | 84 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 11.03 | 0.20 | 0.34 | 0.54 | (0.16 | ) | (0.50 | ) | (0.66 | ) | 10.91 | 0.66 | % | 0.55 | % | 1.76 | % | 4.69 | % | 562,319 | 492 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 10.56 | 0.32 | 0.41 | 0.73 | (0.14 | ) | (0.12 | ) | (0.26 | ) | 11.03 | 0.82 | % | 0.73 | % | 2.93 | % | 6.89 | % | 386,833 | 512 | % | ||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.58 | 0.31 | 0.03 | 0.34 | (0.36 | ) | | (0.36 | ) | 10.56 | 0.72 | % | 0.63 | % | 3.02 | % | 3.43 | % | 497,359 | 520 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.67 | 0.29 | 0.05 | 0.34 | (0.42 | ) | (0.01 | ) | (0.43 | ) | 10.58 | 0.64 | % | 0.57 | % | 2.63 | % | 3.29 | % | 598,676 | 364 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.57 | 0.26 | 0.10 | 0.36 | (0.15 | ) | (0.11 | ) | (0.26 | ) | 10.67 | 0.64 | % | 0.56 | % | 2.39 | % | 3.42 | % | 742,216 | 372 | % | ||||||||||||||||||||||||||||||||||
PF Short Duration Bond Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.14 | $0.06 | ($0.03 | ) | $0.03 | $ | $ | $ | $10.17 | 0.67 | % | 0.55 | % | 1.24 | % | 0.30 | % | $95,604 | 37 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.77 | 0.16 | 0.47 | 0.63 | (0.26 | ) | | (0.26 | ) | 10.14 | 0.66 | % | 0.55 | % | 1.61 | % | 6.47 | % | 97,529 | 98 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.93 | 0.24 | (0.14 | ) | 0.10 | (0.26 | ) | | (0.26 | ) | 9.77 | 0.65 | % | 0.55 | % | 2.38 | % | 0.97 | % | 122,280 | 109 | % | ||||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 9.79 | 0.23 | 0.07 | 0.30 | (0.16 | ) | | (0.16 | ) | 9.93 | 0.64 | % | 0.55 | % | 2.34 | % | 3.05 | % | 155,358 | 164 | % | |||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 9.88 | 0.15 | (0.09 | ) | 0.06 | (0.15 | ) | | (0.15 | ) | 9.79 | 0.63 | % | 0.55 | % | 1.56 | % | 0.65 | % | 112,269 | 67 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.84 | 0.12 | 0.01 | 0.13 | (0.09 | ) | | (0.09 | ) | 9.88 | 0.68 | % | 0.55 | % | 1.16 | % | 1.36 | % | 167,639 | 233 | % |
See Notes to Financial Statements | See explanation of references on B-29 |
B-27
PACIFIC FUNDS
FINANCIAL HIGHLIGHTS (Continued)
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
PF Emerging Markets Debt Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $8.25 | $0.20 | $0.10 | $0.30 | $ | $ | $ | $8.55 | 1.15 | % | 0.92 | % | 4.52 | % | 3.64 | % | $61,845 | 18 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 7.18 | 0.34 | 1.16 | 1.50 | (0.43 | ) | | (0.43 | ) | 8.25 | 1.18 | % | 0.92 | % | 4.09 | % | 20.47 | % | 61,478 | 89 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.17 | 0.51 | (2.02 | ) | (1.51 | ) | (0.48 | ) | | (0.48 | ) | 7.18 | 1.14 | % | 0.92 | % | 5.64 | % | (17.58 | %) | 87,623 | 73 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 9.37 | 0.47 | (0.54 | ) | (0.07 | ) | (0.13 | ) | | (0.13 | ) | 9.17 | 1.09 | % | 0.93 | % | 5.37 | % | (0.61 | %) | 71,599 | 60 | % | |||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 9.39 | 0.51 | 0.30 | 0.81 | (0.83 | ) | | (0.83 | ) | 9.37 | 1.11 | % | 0.94 | % | 5.28 | % | 8.76 | % | 85,758 | 68 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.14 | 0.72 | 0.58 | 1.30 | (1.05 | ) | | (1.05 | ) | 9.39 | 1.10 | % | 0.94 | % | 7.58 | % | 14.88 | % | 42,614 | 75 | % | |||||||||||||||||||||||||||||||||||
PF Growth Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $30.54 | ($0.05 | ) | $4.29 | $4.24 | $ | $ | $ | $34.78 | 0.77 | % | 0.70 | % | (0.31 | %) | 13.88 | % | $186,321 | 5 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 27.10 | (0.08 | ) | 13.51 | 13.43 | | (9.99 | ) | (9.99 | ) | 30.54 | 0.78 | % | 0.70 | % | (0.24 | %) | 50.42 | % | 179,183 | 32 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 27.18 | (0.02 | ) | 0.93 | 0.91 | (0.00 | )(7) | (0.99 | ) | (0.99 | ) | 27.10 | 0.77 | % | 0.70 | % | (0.06 | %) | 3.04 | % | 163,575 | 20 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 25.38 | 0.00 | (7) | 3.62 | 3.62 | (0.01 | ) | (1.81 | ) | (1.82 | ) | 27.18 | 0.77 | % | 0.70 | % | 0.01 | % | 14.99 | % | 186,331 | 28 | % | |||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 20.94 | 0.04 | 5.33 | 5.37 | (0.04 | ) | (0.89 | ) | (0.93 | ) | 25.38 | 0.76 | % | 0.70 | % | 0.16 | % | 25.93 | % | 206,732 | 34 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 18.82 | 0.02 | 2.61 | 2.63 | (0.02 | ) | (0.49 | ) | (0.51 | ) | 20.94 | 0.77 | % | 0.70 | % | 0.12 | % | 14.25 | % | 135,132 | 43 | % | ||||||||||||||||||||||||||||||||||
PF Large-Cap Value Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $12.31 | $0.06 | $0.77 | $0.83 | $ | $ | $ | $13.14 | 0.87 | % | 0.80 | % | 0.84 | % | 6.74 | % | $173,147 | 4 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.66 | 0.14 | 4.72 | 4.86 | (0.17 | ) | (2.04 | ) | (2.21 | ) | 12.31 | 0.88 | % | 0.80 | % | 1.25 | % | 52.63 | % | 171,537 | 29 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 11.95 | 0.20 | (1.62 | ) | (1.42 | ) | (0.17 | ) | (0.70 | ) | (0.87 | ) | 9.66 | 0.87 | % | 0.80 | % | 1.59 | % | (13.51 | %) | 160,365 | 28 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 17.14 | 0.24 | 0.46 | 0.70 | (0.17 | ) | (5.72 | ) | (5.89 | ) | 11.95 | 0.86 | % | 0.80 | % | 1.55 | % | 5.49 | % | 171,046 | 43 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 16.60 | 0.22 | 0.79 | 1.01 | (0.23 | ) | (0.24 | ) | (0.47 | ) | 17.14 | 0.86 | % | 0.80 | % | 1.27 | % | 6.01 | % | 154,943 | 7 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 14.78 | 0.22 | 2.11 | 2.33 | (0.20 | ) | (0.31 | ) | (0.51 | ) | 16.60 | 0.86 | % | 0.80 | % | 1.40 | % | 15.88 | % | 433,551 | 21 | % | ||||||||||||||||||||||||||||||||||
PF Small-Cap Growth Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $21.69 | ($0.04 | ) | $1.46 | $1.42 | $ | $ | $ | $23.11 | 0.86 | % | 0.75 | % | (0.36 | %) | 6.41 | % | $65,369 | 36 | % | ||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 14.19 | (0.06 | ) | 12.31 | 12.25 | (0.01 | ) | (4.74 | ) | (4.75 | ) | 21.69 | 0.91 | % | 0.75 | % | (0.27 | %) | 89.21 | % | 63,555 | 139 | % | |||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 18.43 | (0.11 | ) | (2.31 | ) | (2.42 | ) | | (1.82 | ) | (1.82 | ) | 14.19 | 0.97 | % | 0.75 | % | (0.60 | %) | (14.67 | %) | 17,691 | 126 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 14.84 | (0.09 | ) | 3.80 | 3.71 | | (0.12 | ) | (0.12 | ) | 18.43 | 0.87 | % | 0.75 | % | (0.55 | %) | 25.05 | % | 15,687 | 127 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 11.50 | (0.06 | ) | 3.40 | 3.34 | | | | 14.84 | 0.90 | % | 0.75 | % | (0.45 | %) | 29.04 | % | 9,463 | 86 | % | ||||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 9.80 | (0.04 | ) | 1.74 | 1.70 | | | | 11.50 | 0.90 | % | 0.75 | % | (0.40 | %) | 17.35 | % | 8,805 | 123 | % | ||||||||||||||||||||||||||||||||||||
PF Small-Cap Value Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $10.83 | $0.02 | $0.27 | $0.29 | $ | $ | $ | $11.12 | 0.98 | % | 0.90 | % | 0.38 | % | 2.68 | % | $116,951 | 23 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 5.17 | 0.05 | 5.64 | 5.69 | (0.03 | ) | | (0.03 | ) | 10.83 | 1.00 | % | 0.90 | % | 0.60 | % | 110.27 | % | 116,909 | 99 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 8.21 | 0.04 | (2.39 | ) | (2.35 | ) | (0.05 | ) | (0.64 | ) | (0.69 | ) | 5.17 | 1.00 | % | 0.90 | % | 0.53 | % | (31.62 | %) | 28,016 | 36 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.22 | 0.04 | (0.56 | ) | (0.52 | ) | (0.03 | ) | (2.46 | ) | (2.49 | ) | 8.21 | 0.97 | % | 0.90 | % | 0.35 | % | (4.23 | %) | 70,618 | 56 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 12.09 | 0.02 | 0.79 | 0.81 | (0.02 | ) | (1.66 | ) | (1.68 | ) | 11.22 | 0.97 | % | 0.90 | % | 0.17 | % | 6.54 | % | 81,515 | 30 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.14 | 0.01 | 2.44 | 2.45 | (0.07 | ) | (0.43 | ) | (0.50 | ) | 12.09 | 0.98 | % | 0.90 | % | 0.12 | % | 23.99 | % | 118,590 | 49 | % | ||||||||||||||||||||||||||||||||||
PF Emerging Markets Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $14.88 | $0.17 | ($1.04 | ) | ($0.87 | ) | $ | $ | $ | $14.01 | 1.14 | % | 0.95 | % | 2.32 | % | (5.85 | %) | $131,138 | 23 | % | |||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.80 | 0.05 | 5.43 | 5.48 | (0.01 | ) | (0.39 | ) | (0.40 | ) | 14.88 | 1.16 | % | 0.95 | % | 0.37 | % | 56.13 | % | 141,783 | 40 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 14.71 | 0.13 | (1.50 | ) | (1.37 | ) | (0.19 | ) | (3.35 | ) | (3.54 | ) | 9.80 | 1.29 | % | 0.95 | % | 0.90 | % | (14.07 | %) | 97,618 | 65 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 17.30 | 0.13 | (0.95 | ) | (0.82 | ) | (0.09 | ) | (1.68 | ) | (1.77 | ) | 14.71 | 1.16 | % | 0.95 | % | 0.84 | % | (3.61 | %) | 133,887 | 46 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 13.81 | 0.10 | 3.49 | 3.59 | (0.10 | ) | | (0.10 | ) | 17.30 | 1.20 | % | 0.95 | % | 0.63 | % | 25.93 | % | 178,391 | 34 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 12.09 | 0.08 | 1.71 | 1.79 | (0.07 | ) | | (0.07 | ) | 13.81 | 1.20 | % | 0.95 | % | 0.64 | % | 14.83 | % | 200,620 | 69 | % |
See Notes to Financial Statements | See explanation of references on B-29 |
B-28
PACIFIC FUNDS
FINANCIAL HIGHLIGHTS (Continued)
Selected per share, ratios and supplemental data for each year or period ended were as follows:
Fund |
|
Selected Per Share Data |
|
Ratios to Average Net Assets | Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Operations | Distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year or Period Ended (1) |
Net Asset Value, Beginning of Year or Period |
Net Investment Income (Loss) (2) | Net Realized and Unrealized Gain (Loss) |
Total | Net Investment Income | Capital Gains | Total | Net Asset Value, End of Year or Period |
Expenses Before Reductions (3) | Expenses After Reductions (3), (4) | Net Investment Income (Loss) (3) | Total Returns (5) | Net Assets, End of Year or Period (in thousands) |
Portfolio Turnover Rates | ||||||||||||||||||||||||||||||||||||||||||
PF International Large-Cap Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.53 | $0.09 | $0.66 | $0.75 | $ | $ | $ | $12.28 | 1.26 | % | 0.97 | % | 1.37 | % | 6.50 | % | $50,132 | 4 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 9.05 | 0.12 | 3.54 | 3.66 | (0.07 | ) | (1.11) | (1.18 | ) | 11.53 | 1.30 | % | 0.99 | % | 1.06 | % | 40.85 | % | 48,891 | 20 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 11.63 | 0.17 | (0.87 | ) | (0.70 | ) | (0.15 | ) | (1.73 | ) | (1.88 | ) | 9.05 | 1.32 | % | 1.00 | % | 1.46 | % | (8.84 | %) | 41,818 | 22 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 20.85 | 0.41 | (1.09 | ) | (0.68 | ) | (0.24 | ) | (8.30 | ) | (8.54 | ) | 11.63 | 1.19 | % | 1.00 | % | 2.32 | % | 0.62 | % | 58,152 | 41 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 18.19 | 0.26 | 2.74 | 3.00 | (0.34 | ) | | (0.34 | ) | 20.85 | 1.14 | % | 1.00 | % | 1.28 | % | 16.54 | % | 125,384 | 10 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 16.69 | 0.25 | 1.58 | 1.83 | (0.33 | ) | | (0.33 | ) | 18.19 | 1.13 | % | 1.00 | % | 1.46 | % | 11.17 | % | 176,670 | 16 | % | |||||||||||||||||||||||||||||||||||
PF International Small-Cap Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $11.64 | $0.12 | $0.57 | $0.69 | $ | $ | $ | $12.33 | 1.27 | % | 1.10 | % | 1.86 | % | 5.93 | % | $37,347 | 18 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 6.98 | 0.13 | 4.74 | 4.87 | (0.21 | ) | | (0.21 | ) | 11.64 | 1.34 | % | 1.10 | % | 1.32 | % | 69.98 | % | 36,908 | 39 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.59 | 0.20 | (2.23 | ) | (2.03 | ) | (0.58 | ) | | (0.58 | ) | 6.98 | 1.43 | % | 1.10 | % | 2.16 | % | (22.94 | %) | 26,982 | 90 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.24 | 0.17 | (1.58 | ) | (1.41 | ) | (0.05 | ) | (0.19 | ) | (0.24 | ) | 9.59 | 1.18 | % | 1.10 | % | 1.61 | % | (12.54 | %) | 31,934 | 50 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 10.50 | 0.19 | 1.79 | 1.98 | (0.29 | ) | (0.95 | ) | (1.24 | ) | 11.24 | 1.16 | % | 1.10 | % | 1.63 | % | 19.24 | % | 89,816 | 52 | % | ||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 10.27 | 0.21 | 1.10 | 1.31 | (0.41 | ) | (0.67 | ) | (1.08 | ) | 10.50 | 1.18 | % | 1.09 | % | 2.07 | % | 13.85 | % | 42,798 | 53 | % | ||||||||||||||||||||||||||||||||||
PF International Value Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $8.05 | $0.14 | $0.35 | $0.49 | $ | $ | $ | $8.54 | 1.17 | % | 0.80 | % | 3.32 | % | 6.09 | % | $35,433 | 11 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 5.14 | 0.11 | 2.97 | 3.08 | (0.17 | ) | | (0.17 | ) | 8.05 | 1.21 | % | 0.80 | % | 1.74 | % | 60.38 | % | 34,430 | 35 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 7.51 | 0.25 | (2.32 | ) | (2.07 | ) | (0.23 | ) | (0.07 | ) | (0.30 | ) | 5.14 | 1.11 | % | 0.80 | % | 3.32 | % | (28.94 | %) | 34,971 | 33 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 10.17 | 0.28 | (1.20 | ) | (0.92 | ) | (0.34 | ) | (1.40 | ) | (1.74 | ) | 7.51 | 0.98 | % | 0.80 | % | 2.99 | % | (8.51 | %) | 64,956 | 54 | % | ||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 9.31 | 0.30 | 0.99 | 1.29 | (0.43 | ) | | (0.43 | ) | 10.17 | 0.92 | % | 0.80 | % | 2.95 | % | 14.01 | % | 143,626 | 111 | % | |||||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 8.35 | 0.21 | 1.03 | 1.24 | (0.28 | ) | | (0.28 | ) | 9.31 | 0.90 | % | 0.80 | % | 2.43 | % | 15.15 | % | 174,630 | 67 | % | |||||||||||||||||||||||||||||||||||
PF Multi-Asset Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $12.93 | $0.03 | $0.95 | $0.98 | $ | $ | $ | $13.91 | 0.56 | % | 0.51 | % | 0.41 | % | 7.58 | % | $1,123,037 | 18 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 8.23 | 0.11 | 5.18 | 5.29 | (0.15 | ) | (0.44 | ) | (0.59 | ) | 12.93 | 0.57 | % | 0.51 | % | 1.02 | % | 64.91 | % | 1,103,610 | 53 | % | ||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 9.81 | 0.22 | (1.54 | ) | (1.32 | ) | (0.26 | ) | | (0.26 | ) | 8.23 | 0.56 | % | 0.51 | % | 2.17 | % | (14.09 | %) | 884,916 | 57 | % | |||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 9.42 | 0.21 | 0.31 | 0.52 | (0.13 | ) | | (0.13 | ) | 9.81 | 0.56 | % | 0.51 | % | 2.21 | % | 5.72 | % | 1,136,414 | 75 | % | |||||||||||||||||||||||||||||||||||
1/31/2018 - 3/31/2018 | 10.00 | 0.03 | (0.61 | ) | (0.58 | ) | | | | 9.42 | 0.59 | % | 0.51 | % | 1.68 | % | (5.80 | %) | 733,300 | 37 | % | |||||||||||||||||||||||||||||||||||
PF Real Estate Fund |
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Class P | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4/1/2021 - 9/30/2021 (6) | $13.60 | $0.11 | $1.80 | $1.91 | $ | $ | $ | $15.51 | 1.20 | % | 0.90 | % | 1.44 | % | 14.04 | % | $26,856 | 14 | % | |||||||||||||||||||||||||||||||||||||
4/1/2020 - 3/31/2021 | 10.30 | 0.17 | 3.33 | 3.50 | (0.20 | )(9) | | (0.20 | ) | 13.60 | 1.16 | % | 0.90 | % | 1.44 | % | 34.16 | % | 25,731 | 38 | % | |||||||||||||||||||||||||||||||||||
4/1/2019 - 3/31/2020 | 12.26 | 0.19 | (1.74 | ) | (1.55 | ) | (0.25 | ) | (0.16 | ) | (0.41 | ) | 10.30 | 1.13 | % | 0.90 | % | 1.46 | % | (13.44 | %) | 43,532 | 48 | % | ||||||||||||||||||||||||||||||||
4/1/2018 - 3/31/2019 | 11.86 | 0.28 | 1.75 | 2.03 | (0.21 | ) | (1.42 | ) | (1.63 | ) | 12.26 | 1.12 | % | 0.98 | % | 2.31 | % | 18.20 | % | 81,713 | 104 | % | ||||||||||||||||||||||||||||||||||
4/1/2017 - 3/31/2018 | 14.94 | 0.30 | (0.75 | ) | (0.45 | ) | (0.22 | ) | (2.41 | ) | (2.63 | ) | 11.86 | 1.13 | % | 1.05 | % | 2.12 | % | (4.15 | %) | 41,519 | 47 | % | ||||||||||||||||||||||||||||||||
4/1/2016 - 3/31/2017 | 15.99 | 0.16 | (0.18 | ) | (0.02 | ) | (0.39 | ) | (0.64 | ) | (1.03 | ) | 14.94 | 1.12 | % | 1.05 | % | 1.01 | % | (0.14 | %) | 39,038 | 27 | % |
(1) | For share classes that commenced operations after April 1, 2016, the first date reported represents the commencement date of operations for that share class. |
(2) | Net investment income (loss) per share has been calculated using the average shares method. |
(3) | The ratios are annualized for periods of less than one full year. |
(4) | The ratios of expenses after expense reductions to average net assets are after advisory fee waivers and adviser expense reimbursements, if any. The expense ratios for all the Portfolio Optimization Funds do not include fees and expenses of the Funds in which they invest. |
(5) | The total returns include reinvestment of all dividends and capital gain distributions, if any, and do not include deductions of any applicable sales charges. Total returns are not annualized for periods less than one full year. |
(6) | Unaudited. |
(7) | Reflects an amount rounding to less than $0.01 per share. |
(8) | The annualized ratios of expenses, excluding interest expense, after expense reductions to average net assets for the six-month period ended September 30, 2021 are as follows: |
Fund | Class A | Class C | Class I | Class P | Advisor Class | |||||||
Pacific Funds Floating Rate Income |
0.98% |
1.68% |
0.68% |
0.68% |
0.73% |
(9) | Includes $0.09 per share return of capital distribution. |
See Notes to Financial Statements
B-29
PACIFIC FUNDS
(Unaudited)
1. ORGANIZATION
Pacific Funds Series Trust (which may be referred to as Pacific Funds or the Trust) is registered under the Investment Company Act of 1940 (1940 Act), as amended, as a diversified, open-end, investment management company, and is organized as a Delaware statutory trust. Pacific Life Fund Advisors LLC (PLFA or the Investment Adviser) serves as investment adviser to the Trust. As of September 30, 2021, the Trust was comprised of the following twenty-nine separate funds (each individually a Fund, and collectively the Funds):
Pacific FundsSM Portfolio Optimization Conservative (1) | Pacific FundsSM High Income (2) | PF Large-Cap Value Fund (4) | ||
Pacific FundsSM Portfolio Optimization Moderate-Conservative (1) | Pacific FundsSM ESG Core Bond (2) | PF Small-Cap Growth Fund (4) | ||
Pacific FundsSM Portfolio Optimization Moderate (1) | Pacific FundsSM Small/Mid-Cap (3) | PF Small-Cap Value Fund (4) | ||
Pacific FundsSM Portfolio Optimization Growth (1) | Pacific FundsSM Small-Cap (3) | PF Emerging Markets Fund (4) | ||
Pacific FundsSM Portfolio Optimization Aggressive-Growth (1) | Pacific FundsSM Small-Cap Value (3) | PF International Large-Cap Fund (4) (PF International Growth Fund effective November 1, 2021) | ||
Pacific FundsSM Ultra Short Income (2) | PF Inflation Managed Fund (4) | PF International Small-Cap Fund (4) | ||
Pacific FundsSM Short Duration Income (2) | PF Managed Bond Fund (4) | PF International Value Fund (4) | ||
Pacific FundsSM Core Income (2) | PF Short Duration Bond Fund (4) | PF Multi-Asset Fund (4) | ||
Pacific FundsSM Strategic Income (2) | PF Emerging Markets Debt Fund (4) | PF Real Estate Fund (4) | ||
Pacific FundsSM Floating Rate Income (2) | PF Growth Fund (4) |
(1) | These Funds are collectively known as the Portfolio Optimization Funds |
(2) | These Funds are collectively known as the PF Fixed Income Funds |
(3) | These Funds are collectively known as the PF U.S. Equity Funds |
(4) | These Funds are collectively known as the PF Underlying Funds |
The Portfolio Optimization Funds offer Class A, Class C, and Advisor Class shares. Each class is distinguished by its applicable sales charges and level of distribution and/or service fees and in general: (i) Class A shares are subject to a maximum 5.50% front-end sales charge (ii) Class C shares are subject to a maximum 1.00% contingent deferred sales charge (CDSC); and (iii) Advisor Class shares are sold at net asset value without a sales charge. The sales charge for Class A shares is reduced for purchases of $50,000 or more and may be waived in certain circumstances. There is no sales charge for Class A shares for purchases of $1 million or more, although there is a CDSC of 1.00% on redemptions of such Class A shares within one year of purchase, which may be waived in certain circumstances. Class C shares automatically convert to Class A shares approximately six years after the original purchase date.
The PF Fixed Income Funds offer Class A, Class C, Class I, and Advisor Class shares, except Pacific Funds Ultra Short Income and Pacific Funds ESG Core Bond which offer Class I and Advisor Class shares only. Additionally, Pacific Funds Core Income, Pacific Funds Floating Rate Income, and Pacific Funds High Income offer Class P shares. Each class is distinguished by its applicable sales charges and level of distribution and/or service fees and in general: (i) Class A shares of Pacific Funds Short Duration Income and Pacific Funds Floating Rate Income are subject to a maximum 3.00% front-end sales charge, and Class A shares of Pacific Funds Core Income, Pacific Funds Strategic Income, and Pacific Funds High Income are subject to a maximum 4.25% front-end sales charge; (ii) Class C shares are subject to a maximum 1.00% CDSC; and (iii) Class I, Class P, and Advisor Class shares are sold at net asset value without a sales charge. The sales charge for Class A shares is reduced for purchases of $100,000 or more and may be waived in certain circumstances. There is no sales charge for Class A shares for purchases of $500,000 or more, although there is a CDSC of 1.00% of such Class A shares within one year of purchase, which may be waived in certain circumstances. Class C shares automatically convert to Class A shares approximately six years after the original purchase date.
The PF U.S. Equity Funds offer Class A, Class C, Advisor Class, and Class R6 shares. Each class is distinguished by its applicable sales charges and level of distribution and/or service fees and in general: (i) Class A shares are subject to a maximum 4.25% front-end sales charge; (ii) Class C shares are subject to a maximum 1.00% CDSC; and (iii) Advisor Class and Class R6 shares are sold at net asset value without a sales charge. The sales charge for Class A shares is reduced for purchases of $100,000 or more and may be waived in certain circumstances. There is no sales charge for Class A shares for purchases of $500,000 or more, although there is a CDSC of 1.00% of such Class A shares within one year of purchase, which may be waived in certain circumstances. Class C shares automatically convert to Class A shares approximately six years after the original purchase date.
The PF Underlying Funds offer Class P shares only, which are sold at net asset value. Presently, only the Portfolio Optimization Funds, the Investment Adviser, and certain of its affiliates can invest in Class P shares.
The Trusts distributor receives all net commissions (front-end sales charges and CDSCs) from the sales of all applicable share classes.
The Portfolio Optimization Funds invest their assets in Class P shares of the PF Underlying Funds as well as Class P shares of Pacific Funds Core Income, Pacific Funds Floating Rate Income and Pacific Funds High Income.
2. SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of the significant accounting policies followed by the Trust in the preparation of its financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the increases and decreases in net assets from operations during the reporting period. Actual results
C-1
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
could differ from those estimates. Each Fund qualifies as an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to the Investment Companies Topic of U.S. GAAP.
A. INVESTMENT TRANSACTIONS AND INCOME
Investment transactions are recorded on a trade date basis. Securities purchased or sold on a when-issued or delayed-delivery basis as well as certain loan transactions and mortgage securities (such as Government National Mortgage Association (GNMA) securities) may be settled a month or more after the trade date. Dividend income is recorded on the ex-dividend date, except certain dividends from foreign securities, which are recorded as soon as a Fund is informed of the ex-dividend date or upon receipt of the dividend. A Funds estimated components of distributions received from real estate investment trusts may be considered income, return of capital distributions or capital gain distributions. Return of capital distributions are recorded as a reduction of cost of the related investments. Interest income, adjusted for amortization of premium and accretion of discount, is recorded daily on an accrual basis. Investment income is recorded net of foreign taxes withheld, if any. A Fund may be subject to foreign taxes on income, gains on investments, or currency repatriation, a portion of which may be recoverable. A Fund will accrue such taxes and reclaims as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which that Fund invests. Facility fees and other fees (such as origination fees) received from floating rate senior loan notes purchased by a Fund are amortized over the expected term of each applicable senior loan. Commitment fees received by a Fund relating to unfunded senior loan commitments are amortized to income over the period of the commitment. Consent fees, which are compensation for agreeing to changes in the terms of debt instruments, are recorded as interest income when received. Realized gains and losses from investment transactions are recorded on the basis of identified cost. Gains and losses realized on principal paydowns from mortgage-backed and asset-backed securities are recorded as interest income. Litigation settlements on securities that were previously held are recorded as realized gains on investment securities.
B. DISTRIBUTIONS TO SHAREHOLDERS
All realized capital gains are distributed at least annually for each Fund. Dividends and distributions paid to shareholders are recorded on the ex-dividend date.
For the Portfolio Optimization Funds and PF U.S. Equity Funds, dividends on net investment income, if any, are generally declared and paid annually. For the PF Fixed Income Funds (except Pacific Funds Floating Rate Income and Pacific Funds Ultra Short Income), dividends on net investment income, if any, are generally declared and paid monthly. For Pacific Funds Floating Rate Income and Pacific Funds Ultra Short Income, dividends, if any, are generally declared daily and paid monthly. Dividends may be declared more or less frequently if advantageous to the specific Fund and its shareholders.
Each PF Underlying Fund distributes all of its net investment income, if any, to shareholders at least annually, although distributions could occur more often if advantageous to the applicable Fund and its shareholders. Each PF Underlying Fund may utilize the consent dividend provision of Section 565 of the Internal Revenue Code to effectively distribute income and capital gains for tax purposes even though they are not actually paid by the Fund.
C. FOREIGN CURRENCY TRANSLATION
The Trusts accounting records are maintained in U.S. dollars. The market value of investments and other assets and liabilities, which are denominated in non-U.S. currencies, are translated into U.S. dollars based on the applicable exchange rates at the end of each business day. Purchases and sales of investments and income and expenses, denominated in foreign currencies, are translated into U.S. dollars at the exchange rates in effect on the transaction date.
None of the Funds separately report the effect of changes in foreign exchange rates from changes in market prices of investments held. Such changes are included with the net realized gain or loss and change in net unrealized appreciation or depreciation on investments. Other foreign currency transactions resulting in realized and unrealized gain or loss, if any, are reported separately as net realized gain or loss on foreign currency transactions and change in net unrealized appreciation or depreciation on foreign currencies.
D. ALLOCATION OF INCOME, EXPENSES, GAINS AND LOSSES
Income, non-class specific expenses, and realized and unrealized gains and losses are allocated on a daily basis to each class of shares based upon the relative portion of net assets of each class. Certain Trust expenses directly attributable to a particular Fund are charged to that Fund (such as fund-specific transactional fees, proxies, liquidations, litigation, and organizational/start-up costs) and class-specific fees and expenses are charged directly to the respective share class within each Fund. Generally, other Trust expenses are allocated proportionately among all the Funds in relation to the net assets of each Fund.
E. OFFERING COSTS
A new Fund bears all costs (or the applicable pro-rata share if there is more than one new Fund) associated with the offering expenses of the Fund including legal and printing. All such costs are amortized as an expense of the new Fund on a straight-line basis over twelve months from commencement of operations.
F. NEW ACCOUNTING PRONOUNCEMENTS
In March 2020, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2020-04, Reference Rate Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments in ASU 2020-04 provides optional temporary financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the London Interbank Offered Rate (LIBOR) for the one week and two month U.S. dollar (USD) tenors as well as all non USD LIBOR tenors after December 31, 2021; and the planned discontinuation of the overnight and one, three, six and twelve month LIBOR tenors after June 30, 2023.
C-2
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management does not expect ASU 2020-04 to have a material impact on these financial statements.
3. VALUATION AND FAIR VALUE MEASUREMENTS
A. VALUATION POLICY
The Trusts Board of Trustees (the Board) has adopted a policy (Valuation Policy) for determining the value of the Trusts investments each business day. Under the Valuation Policy, the Board has delegated certain functions to the Trustee Valuation Committee (TVC) and/or the Valuation Oversight Committee (VOC) or its delegate to determine the fair value of certain investments, which includes using third party pricing services. Each valuation committee that values the Funds investments does so in accordance with the Valuation Policy. The methodologies used to value the Funds investments are described in greater detail in the Investment Valuation subsection below.
B. DETERMINATION OF NET ASSET VALUE (NAV)
Each Fund of the Trust is divided into shares and one or more share classes. The price per share of each class of a Funds shares is called its NAV, which is determined by taking the total value of its investments and other assets, subtracting any liabilities, and dividing by the total number of shares outstanding.
The NAVs are calculated once per day on each day that the New York Stock Exchange (NYSE) is open, including days when foreign markets and/or bond markets are closed. Each NAV is generally determined as of 4:00 p.m. Eastern Time on days that the NYSE is open. Information that becomes known to the Trust or its agents after the determination of an NAV on a particular day will not normally be used to retroactively adjust the price of a Funds investment or the NAV determined earlier that day. Such information may include late dividend notifications, legal or regulatory matters, corporate actions, and corrected/adjusted last sales prices or official closing prices from an exchange. The NAVs will not be calculated on days when the NYSE is closed. There may be a delay in calculating the NAV if: (i) the NYSE is closed on a day other than a NYSE scheduled holiday or weekend, (ii) trading on the NYSE is restricted, (iii) an emergency exists (as determined by the U.S. Securities and Exchange Commission SEC), making the sale of investments or determinations of NAV not practicable, or (iv) the SEC permits a delay for the protection of shareholders. Based on information obtained from the NYSE, it is anticipated that the NYSE will be closed when the following annual holidays are observed: New Years Day; Martin Luther King, Jr. Day; Washingtons Birthday; Good Friday; Memorial Day; Juneteenth; Independence Day; Labor Day; Thanksgiving Day; and Christmas Day. The NYSE is normally closed on the preceding Friday or subsequent Monday when one of these holidays falls on a Saturday or Sunday, respectively. In addition, the NYSE typically closes early (usually 1:00 p.m. Eastern Time) on the day after Thanksgiving and the day before Christmas Day. Although the Trust expects the same holidays to be observed in the future, the NYSE may modify its holiday schedule or hours of operation at any time.
Certain Funds may hold investments that are primarily listed on foreign exchanges. Because those investments trade on weekends and other days when the Funds do not calculate their NAVs. The value of those investments may change on days when a shareholder will not be able to purchase or redeem shares of those Funds.
In the event the NYSE closes prior to 4:00 p.m. Eastern Time, whether due to a scheduled or unscheduled early close, certain other markets or exchanges may remain open. Generally, the valuation of the securities in those markets or exchanges will follow the valuation procedures described below, which may be after the official closing time of the NYSE.
C. INVESTMENT VALUATION
The value of each security or other investment is the amount which a Fund might reasonably expect to receive for the investment upon its current sale in the ordinary course of business. For purposes of calculating the NAV, the value of investments held by each Fund is based primarily on pricing data obtained from various sources approved by the Board.
Domestic Equity Investments
For domestic equity investments (including exchange-traded funds), the Trust generally uses the official closing price or last reported sale price from an exchange and does not normally take into account trading, clearances or settlements that take place after the close of the NYSE. Investments for which no official closing price or last reported sales price are reported are generally valued at the mean between the most recent bid and ask prices obtained from approved pricing services, established market makers, or from broker-dealers.
Foreign Equity Investments
For foreign equity investments, the Trust generally uses the official closing price or the last reported sale price from the principal foreign exchanges. The Trust may adjust for market events occurring between the close of certain foreign exchanges and the close of the NYSE. The Trust has retained an independent statistical analysis service approved by the Board to assist in determining the value of certain foreign equity investments. This service utilizes proprietary computer models based on historical performance of markets and other considerations to determine adjustments for market events. Quotations of foreign investments in foreign currencies and those valued using forward currency rates are converted into U.S. dollar equivalents using a foreign exchange quotation from an approved source.
Exchange Traded Futures Contracts, Option Contracts, and Swap Agreements
Exchange traded futures contracts, options and swap agreements are generally valued using the settlement price determined by the relevant exchange. Exchange traded futures contracts, options and swap agreements for which no settlement price is reported, are valued at the mean between the most recent bid and ask prices obtained from approved pricing services, established market makers, or from broker-dealers.
Over-the-Counter (OTC) Investments
OTC investments (including forward commitments, swap agreements and option contracts) are generally valued by approved pricing services that use evaluated prices from various observable market and other factors. Certain OTC swap agreements are valued using industry pricing
C-3
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
models, broker quotes or other methodologies pursuant to the Valuation Policy. Forward foreign currency contracts are generally valued using the mean between broker-dealer bid and ask quotations, and foreign currency exchange rates are gathered from approved pricing services.
Domestic and Foreign Debt Investments
Debt investments are generally valued using the mean between bid and ask prices provided by approved pricing and quotation services, which are based upon evaluated prices determined from various observable market and other factors. Certain debt investments are valued by using a benchmark, matrix, or other pricing methodology approved pursuant to the Valuation Policy. Generally, the prices are obtained from approved pricing sources or services as of 4:00 p.m. Eastern Time.
Investments in Mutual Funds
Fund investments in affiliated or unaffiliated mutual funds are valued at their respective published NAVs.
Investment Values Determined by a Valuation Committee
The Trusts Valuation Policy includes methodologies approved for valuing investments in circumstances where market quotations are not readily available, if there is a trading halt for individual holdings, or if there is an unscheduled market closure (e.g., in the event of a natural disaster, strikes, news of significant governmental actions, regulatory trading halts, system failures, terrorist threats or activities, or armed conflict, etc.). In such circumstances, the Valuation Policy provides that the value of such investments may be determined in accordance with Board approved formulas and methodologies (Alternate Valuation Methodologies). Under the Valuation Policy these Alternate Valuation Methodologies may include, among others, amortized cost, the use of broker quotes, the use of purchase prices, last reported sale/trade prices, and benchmark, proxy, and matrix pricing. In the event market quotations or Alternate Valuation Methodologies are not readily available or are determined to be unreliable, the value of the investments will be determined in good faith by the TVC, or determined by the VOC or its delegate pursuant to the Valuation Policy and then subsequently submitted for approval or ratification to either the TVC or the Board. Valuations determined by the TVC or the VOC or its delegate may require subjective inputs about the value of such investments. While these valuations are intended to estimate the value a Fund might reasonably expect to receive upon the current sale of the investments in the ordinary course of business, such values may differ from the value that a Fund would actually realize if the investments were sold or values that would be obtained if a different valuation methodology had been used.
Market quotations are considered not readily available if: (i) the market quotations received are deemed unreliable or inaccurate, (ii) approved pricing services do not provide a valuation for a particular investment, or (iii) material events occur after the close of the principal market for a particular investment but prior to the scheduled close of the NYSE.
D. 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 Trusts Investment Adviser, accounting members of the Trusts Administrator, and the Trusts 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 Funds investments. The VOC also periodically evaluates how the Trusts 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 policy changes, as determined by the Trusts CCO, requiring approval by the Board.
The inputs or methodologies used for characterizing each Funds 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. A summary of each Funds investments as of September 30, 2021, as categorized under the three-tier hierarchy of inputs, can be found in each Funds Schedule of Investments.
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.
C-4
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
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 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 securitys 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.
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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.
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 Trusts valuation policies and procedures. Any outstanding unfunded loan commitments are presented in each applicable Funds Schedule of Investments. Any applicable net unrealized appreciation or depreciation at the end of the reporting period is recorded as an asset (unfunded loan commitment appreciation) or a liability (unfunded loan commitment depreciation) and any change in net unrealized appreciation or depreciation for the reporting period is recorded as a change in net unrealized appreciation or depreciation on unfunded loan commitment. Details of any unfunded loan commitments are disclosed in the Notes to Schedules of Investments.
4. INVESTMENTS AND RISKS
General Investment Risks
An investment in each Fund represents an indirect investment in the assets owned by that Fund. As with any mutual fund, the value of the assets owned by each Fund may move up or down, and as a result, an investment in a Fund at any point in time may be worth more or less than the original amount invested.
A Funds transactions in listed securities are settled/paid for upon delivery to or from their counterparties; therefore, the risk of counterparty default for listed securities is considered minimal, as delivery of securities sold is only made once a Fund has received payment. Payment is made on a purchase once the securities have been delivered by the counterparty. The trade will fail if either party fails to meet its obligations.
Market and Regulatory Risks
Events in the financial markets and economy may cause volatility and uncertainty and adversely affect Fund performance. Such adverse effects on performance could include a decline in the value and liquidity of securities held by a Fund, unusually high and unanticipated levels of redemptions, an increase in portfolio turnover, a decrease in NAV, and an increase in Fund expenses. It may also be unusually difficult to identify investment risks and opportunities, in which case investment goals may not be met. Market events may affect a single issuer, industry, sector, or the market as a whole. In addition, because of interdependencies between markets, events in one market may adversely impact other markets or issuers in which a Fund invests in unforeseen ways. Traditionally liquid investments may experience periods of diminished liquidity. During a general downturn in the financial markets, multiple asset classes may decline in value and a Fund may lose value, regardless of the individual results of the securities and other instruments in which a Fund invests. It is impossible to predict whether or for how long such market events will continue, particularly if they are unprecedented, unforeseen or widespread events or conditions. Therefore, it is important to understand that the value of your investment may fall, sometimes sharply and for extended periods, and you could lose money. Governmental and regulatory actions, including tax law changes, may also impair Fund management and have unexpected or adverse consequences on particular markets, strategies, or investments. Future market or regulatory events may impact a Fund in unforeseen ways, such as causing the Fund to alter its existing strategies or potentially, to liquidate and close.
Natural Disasters Risk
Natural disasters occur throughout the world and include events such as blizzards and ice storms, earthquakes, floods, hurricanes, pandemics, tidal waves, tornadoes, tsunamis, typhoons, volcanic eruptions, and wildfires. Although specific types of natural disasters may occur more frequently in certain geographic locations, such events are by their nature unpredictable and may cause sudden, severe and widespread damage that negatively impacts issuers, regions and economies in which a Fund invests. Should a Fund hold significant investments in, or have significant exposure to, an issuer, region or economy affected by a natural disaster, the Fund may lose money. Due to the interconnectedness of the global economy, natural disasters in one location may negatively impact issuers in other locations.
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An outbreak of infectious respiratory illness caused by the novel coronavirus known as COVID-19 was first detected in China in 2019 before spreading worldwide and being declared a global pandemic by the World Health Organization in March 2020. COVID-19 has resulted in travel restrictions, closed international borders, enhanced health screenings, disruption and delays in healthcare services, prolonged quarantines, cancellations, temporary store closures, social distancing, government ordered curfews and business closures, disruptions to supply chains and consumer activity, shortages, highly volatile financial markets, and general concern and uncertainty. The impact of COVID-19, and other infectious illness outbreaks that may arise in the future, could adversely affect the economies and capital markets of many nations or the entire global economy, as well as individual companies, entire sectors, and securities and commodities markets (including liquidity), in ways that may not necessarily be foreseen at the present time. COVID-19 and other health crises in the future may exacerbate other pre-existing political, social and economic risks, and its impact in developing or emerging market countries may be greater due to less established health care systems. The duration and ultimate impact of an outbreak may be short term or may last for an extended period of time.
LIBOR Transition Risk
Certain investments in which a Fund invests may rely in some manner on the London Interbank Offered Rate (LIBOR). LIBOR is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market as determined by the ICE Benchmark Administration (IBA). Previously, the Financial Conduct Authority (FCA), which regulates financial markets and financial services firms in the United Kingdom, announced that it will no longer compel the banks to continue to submit the daily rates for the calculation of LIBOR after 2021 and warned that LIBOR may cease to be available or appropriate for use beyond 2021. More recently, the IBA announced it will cease publication of USD LIBOR for the most common tenors (overnight and one, three, six and twelve months) as of June 30, 2023, and it will cease publication of USD LIBOR for the less commonly used tenors of one week and two months as well as all tenors of non-USD LIBOR as of December 31, 2021.
There remains uncertainty regarding the transition to, and nature of, any selected replacement rates. There is no assurance that the composition or characteristics of any such alternative reference rate will be similar to or produce the same value or economic equivalence as LIBOR or that it will have the same volume or liquidity as did LIBOR prior to its discontinuance or unavailability, which may affect the value or liquidity or return on certain of the Funds investments and result in costs incurred in connection with closing out positions that reference LIBOR and entering into new trades referencing alternative rates. The transition process away from LIBOR may result in increased volatility or illiquidity in markets for the Funds investments that currently rely on LIBOR as well as a reduction in the value of these investments. The potential risk of reduction in value of these investments may be heightened for those investments that do not include fallback provisions that address the cessation of LIBOR.
Fund of Funds Investments
The Portfolio Optimization Funds are exposed to the same risks as the applicable Funds in which a Portfolio Optimization Funds invests (PF Underlying Funds, Pacific Funds Core Income, Pacific Funds Floating Rate Income, and Pacific Funds High Income), in direct proportion to the allocation of assets among those Funds.
Allocations by the Portfolio Optimization Funds among the PF Underlying Funds, Pacific Funds Core Income, Pacific Funds Floating Rate Income, and Pacific Funds High Income are determined using an asset allocation process, which seeks to optimize returns by allocating among different asset classes given various levels of risk tolerance. The allocations of the Portfolio Optimization Funds may not effectively decrease risk or increase returns for investors, and the selection and weighting of allocations to asset classes and/or PF Underlying Funds, Pacific Funds Core Income, Pacific Funds Floating Rate Income, and Pacific Funds High Income may cause them to underperform other mutual funds with a similar investment objective. Although the Portfolio Optimization Funds seek to provide diversification across major asset classes, they may invest a significant portion of their assets in any one or several PF Underlying Funds, Pacific Funds Core Income, Pacific Funds Floating Rate Income, and Pacific Funds High Income.
The Portfolio Optimization Funds shareholders also bear indirectly their proportionate share of the expenses of the underlying funds in which the Portfolio Optimization Funds invest.
Equity Investments
Stock markets are volatile. Equity investments tend to go up or down in value, sometimes rapidly and unpredictably, in response to many factors, including a companys historical and prospective earnings, the value of its assets, general economic conditions, interest rates, investor perceptions, and market liquidity. Due to the complexities of markets, events in one market or sector may adversely impact other markets or sectors.
Debt Investments
Debt investments are subject to many risks, including, but not limited to, interest rate risk, credit risk, market and regulatory risk, price volatility, and liquidity risk, which may affect their value. Many debt securities give the issuer the right to redeem (call) the security prior to maturity. If an issuer calls a security in which a Fund has invested, the Fund may not recoup the full amount of its initial investment in the security and may be forced to reinvest prepayment proceeds at a time when yields on securities available in the market are lower than the yield on the called security. There is a risk that an issuer or guarantor of a debt investment might be unable or unwilling to meet its financial obligations and might not make interest or principal payments
on an instrument when those payments are due (default). Defaults may potentially reduce a Funds income or ability to recover amounts due and may reduce the value of the debt investment, sometimes dramatically. High yield/high risk or junk securities may be more volatile than higher rated securities. High yield/high risk securities (including loans) are typically issued by companies that are highly leveraged, less creditworthy, or financially distressed and are considered to be mostly speculative in nature (high risk), subject to greater liquidity risk, and subject to a greater risk of default than higher rated securities, especially during periods of economic uncertainty or during economic downturns. Debt investments, including bonds, fixed rate loans, and short-term instruments may be affected by changes in interest rates. Debt investments with longer durations tend to be more sensitive to changes in interest rates, making them more volatile than debt investments with shorter durations or floating or adjustable interest rates. The value
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(Unaudited)
of debt investments may fall when interest rates rise. Certain debt investments may be difficult to value, purchase, and sell, particularly during adverse market conditions, because there is a limited market for the investment or there are restrictions on resale.
Given the historically low interest rate environment in the U.S., risks associated with rising interest rates are heightened. The negative impact on debt investments from potential interest rate increases could be swift and significant, including falling market values, increased redemptions and reduced liquidity. Substantial redemptions from bond and other income funds may worsen that impact. Additionally, regulations applicable to and changing business practices of broker-dealers that make markets in debt investments may result in those broker-dealers restricting their market making activities for certain debt investments, which may reduce the liquidity and increase the volatility of such debt investments.
Certain asset-backed instruments, such as collateralized debt obligations, collateralized mortgage obligations, and other mortgage-related securities, structured investment vehicles, and other debt investments may have exposure to subprime loans or subprime mortgages, which are loans to persons with lower credit ratings. These instruments may present credit risk that is not transparent and that is greater than indicated by their ratings. The value of these instruments may be more acutely affected by downturns in the credit markets or the real estate market than certain other investments, and it may be difficult to value these instruments because of a thin secondary market.
Foreign and Emerging Markets Investments
Exposure to foreign markets can involve additional risks relating to market, economic, political, regulatory, geopolitical, or other conditions.
These factors can make foreign investments more volatile and less liquid than U.S. investments. In addition, foreign markets can react differently to these conditions than the U.S. market. Markets and economies throughout the world are becoming increasingly interconnected, and conditions or events in one market, country or region may adversely impact investments or issuers in another market, country or region. Investments in or exposure to investments in emerging market countries may be riskier than investments in or exposure to investments in U.S. and certain developed markets. Risk may be more enhanced for investments in or exposure to investments in frontier market countries.
The governments of emerging market countries, some with histories of instability and upheaval, may act in an adverse or hostile manner toward private enterprise or foreign investment. Specific actions and effects have included limiting the ability to conduct due diligence on issuers located in emerging market countries; a lack of access by the Public Company Accounting Oversight Board (PCAOB) to inspect audit work papers for PCAOB-registered accounting firms located in certain emerging market countries (including China); restricting the ability of U.S. authorities (such as the SEC) to bring and enforce actions against companies and persons located in emerging market countries; and the difficulty or inability of shareholders to seek legal remedies (such as class action lawsuits) against issuers in emerging market countries.
The Funds may face potential risks associated with the United Kingdoms vote on June 23, 2016 to leave the European Union (the EU), commonly referred to as Brexit, whose transition formally began on January 31, 2020 and was finalized on December 31, 2020. Following the transition period, there is likely to be considerable uncertainty as to the United Kingdoms post-transition framework, and in particular as to the arrangements which will apply to the United Kingdoms relationships with the EU and with other countries. There are considerable uncertainties about the repercussions resulting from Brexit, including the impact on trade agreements, regulations, and treaties. Brexit may also increase the likelihood that other EU members may decide to leave or be expulsed from the EU. These potential consequences may result in increased market volatility and illiquidity in the United Kingdom, the EU, and other financial markets, as well as slower economic growth and fluctuations in exchange rates. Any of these events and other socio-political or geo-political issues are not known but could have a significant adverse effect on global markets and economies, which in turn could negatively impact the value of the Funds investments.
The countries listed in the Schedules of Investments for individual investment holdings (each a Holding) are each considered the country of risk to which a Holding, and therefore the Fund, is exposed. Each Holdings country of risk is obtained from a third-party source that uses factors such as reporting currency, sales/revenue and location of management of the Holdings issuer to determine country of risk. The country of risk may not be exclusive, however, as there may be other countries of risk to which a Holding is exposed that are not disclosed, although the country identified is expected to be the primary country of risk for that Holding. A Holding is generally subject to greater country risk based on where it conducts business or is economically tied to rather than where it is formed or incorporated. Foreign markets risks may include currency risk, market and regulatory risk, liquidity risk, emerging markets risk, frontier markets risk, and geographic focus risk, among other risks.
Senior Loan Participations and Assignments
Certain Funds may invest in Senior Loans of domestic or foreign corporations, partnerships, and other entities (Borrowers), the interest rates of which float or adjust periodically based upon a specified adjustment schedule, benchmark indicator, or prevailing interest rates. Senior Loans generally pay interest at rates which are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates generally include prime rates of one or more major U.S. banks, LIBOR, Secured Overnight Financing Rate, or certificates of deposit rates. Senior Loans often require prepayments from excess cash flow or permit the Borrower to repay at its election. The degree to which Borrowers repay cannot be predicted with accuracy. As a result, the actual maturity may be substantially less than the stated maturities. Senior Loans are exempt from registration under the Securities Act of 1933, may contain certain restrictions on resale, and cannot be sold publicly. A Funds investments in Senior Loans may be in the form of participations in loans or assignments of all or a portion of loans from third parties.
A significant portion of the floating rate loans held by a Fund may be covenant lite loans that contain fewer or less restrictive constraints on the borrower or other borrower-friendly characteristics and offer less protections for investors than covenant loans. As compared to a loan instrument that contains numerous covenants that allow lenders the option to force the borrowers to negotiate terms if risks became elevated, the majority of new floating rate loans that are issued are covenant lite loans which tend to have fewer or no financial maintenance covenants and restrictions. A covenant lite loan typically contains fewer clauses which allow an investor to proactively enforce financial covenants or prevent undesired actions by the borrower/issuer, including the ability to make an acquisition, pay dividends or issue additional debt if they have met certain loan terms. Covenant lite loans also generally provide fewer investor protections if certain criteria are breached, such as permitting
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NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
an investor to declare a default (and therefore receive collateral), or to force restructurings and other capital changes on struggling borrowers/ issuers. A Fund may experience losses or delays in enforcing its rights on its holdings of covenant lite loans.
When a Fund purchases assignments, it acquires all the rights and obligations under the loan agreement of the assigning lender.
Assignments may, however, be arranged through private negotiations between potential assignees and potential assignors, and the rights and obligations acquired by the purchaser of an assignment may differ from, and be more limited than those held by the assigning lender.
When a Fund purchases a participation of a Senior Loan interest, the Fund typically enters into a contractual agreement with the lender or other third party selling the participation. A participation interest in Senior Loans includes the right to receive payments of principal, interest, and any fees to which it is entitled from the lender and only upon receipt by the lender of payments from the Borrower, but not from the Borrower directly. When investing in a participation interest, if a Borrower is unable to meet its obligations under a loan agreement, a Fund generally has no right to enforce compliance with the terms of the loan agreement. As a result, the Fund assumes the credit risk of the Borrower, the selling participant, and any other persons that are interpositioned between the Fund and the Borrower. If the lead lender in a typical lending syndicate becomes insolvent, enters Federal Deposit Insurance Corporation (FDIC) receivership or, if not FDIC insured, enters into bankruptcy, the Fund may incur certain costs and delays in receiving payment or may suffer a loss of principal and/or interest. As of September 30, 2021, no participation interest in Senior Loans was held by any of the Funds.
Inflation-Indexed Bonds
Certain Funds may invest in inflation-indexed bonds. Inflation-indexed bonds are debt securities whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation-indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation-indexed bond will result in an adjustment to interest income.
Mortgage-Related and Other Asset-Backed Securities
Certain Funds may invest in mortgage-related and other asset-backed securities. These securities could include mortgage pass-through securities, collateralized mortgage obligations (CMOs), collateralized loan obligations (CLOs), mortgage dollar rolls, CMO residuals, stripped mortgage-backed securities (SMBS), and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans secured by real property. Mortgage-related and other asset-backed securities are debt securities issued by a corporation, trust, or custodian, or by a U.S. Government agency or instrumentality, that are collateralized by a pool of mortgages, mortgage pass-through securities, U.S. Government securities or other assets. The value of some mortgage-related and asset-backed securities may be particularly sensitive to changes in prevailing interest rates. Early repayment of principal on some mortgage-related securities may expose a Fund to a lower rate of return upon reinvestment of principal. The value of these securities may fluctuate in response to the markets perception of the creditworthiness of the issuers. Additionally, although mortgage and mortgage-related securities are generally supported by some form of government or private guarantee and/or insurance, there is no assurance that private guarantors or issuers will meet their obligations.
SMBS represent a participation in, or are secured by and payable from, mortgage loans on real property, and may be structured in classes with rights to receive varying proportions of principal and interest. SMBS include interest-only securities (IOs), which receive all of the interest, and principal-only securities (POs), which receive the entire principal. The cash flows and yields on IOs are extremely sensitive to the rate of principal payments (including prepayments) on the underlying mortgage loans. If the underlying mortgages experience higher than anticipated prepayments, an investor in IOs of SMBS may fail to recoup fully its initial investment, even if the IOs are highly rated or are derived from securities guaranteed by the U.S. Government. Unlike other debt and other mortgage-backed securities, the market value of IOs tends to move in the same direction as interest rates. As prepayments on the underlying mortgages of POs increase, the yields on POs increase. Payments received from IOs are recorded as interest income. Because principal will not be received at the maturity of an IO, adjustments are made to the book value of the security on the coupon date until maturity. These adjustments are included in interest income. Payments received from POs are treated as reductions to the cost and par value of the securities. Any excess principal paydown gains or losses associated with the payments received are recorded as interest income.
U.S. Government Securities
Certain Funds may invest in securities issued by U.S. Government agencies or government-sponsored enterprises. U.S. Government securities are obligations of, and in certain cases, guaranteed by the U.S. Government, its agencies, or instrumentalities. Some U.S. Government securities, such as Treasury Bills, Treasury Notes, Treasury Bonds, and securities guaranteed by GNMA (or Ginnie Mae), are supported by the full faith and credit of the U.S. Government; others, such as those of the Federal Home Loan Bank, are supported by the right of the issuer to borrow from the U.S. Department of the Treasury (the U.S. Treasury); others, such as those of the Federal National Mortgage Association (FNMA or Fannie Mae), are supported by the discretionary authority of the U.S. Government to purchase the agencys obligations. Securities not backed by the full faith and credit of the U.S. Government may be subject to a greater risk of default. U.S. Government securities may include zero coupon securities, which do not distribute interest on a current basis and tend to be subject to greater risk than interest-paying securities of similar maturities.
Government-related guarantors (i.e., not backed by the full faith and credit of the U.S. Government) include FNMA and the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac). FNMA and FHLMC are government-sponsored corporations, the common stocks of which are owned entirely by private stockholders. FNMA purchases conventional (i.e., not insured or guaranteed by any government agency) residential mortgages from a list of approved seller/servicers which include state and federally chartered savings and loan associations, mutual savings banks, commercial banks and credit unions, and mortgage bankers. Pass-through securities issued by FNMA are guaranteed as to timely payment of principal and interest by FNMA, but are not backed by the full faith and credit of the U.S. Government. FHLMC issues Participation Certificates (PCs), which are pass-through securities, each representing an undivided interest in a pool of residential mortgages. FHLMC guarantees the timely payment of interest and ultimate collection of principal, but PCs are not backed by the full faith and credit of the U.S. Government.
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NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
When-Issued Securities
Certain Funds may purchase and sell securities on a when-issued basis, including To Be Announced (TBA) securities. These transactions are made conditionally because a security, although authorized, has not yet been issued in the market. A commitment by a Fund is made regarding these transactions to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. A Fund may sell when-issued securities before they are delivered, which may result in a capital gain or loss. Risk may arise upon entering these contracts from the potential inability of a counterparty to meet the terms of their contracts, or if the issuer does not issue the securities due to political, economic, or other factors.
Delayed-Delivery Transactions Risk
Certain Funds may purchase or sell securities on a delayed-delivery basis, including TBA securities. Payment and delivery may take place after the customary settlement period for that security. The price or yield of the underlying securities is fixed at the time the transaction is negotiated. When delayed-delivery purchases are outstanding, a Fund will set aside, and maintain until the settlement date in a segregated account, liquid assets in an amount sufficient to meet the purchase price. When purchasing a security on a delayed-delivery basis, a Fund assumes the rights and risks of ownership of the security, including the risk of price and yield fluctuations, and takes such fluctuations into account when determining its NAV. A Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery securities before they are delivered, which may result in a capital gain or loss. When a Fund has sold a security on a delayed- delivery basis, the Fund does not participate in future gains and losses with respect to the security.
Repurchase Agreements
Certain Funds may enter into repurchase agreements with institutions that the Investment Adviser or sub-adviser has determined are creditworthy. Under the terms of a typical repurchase agreement, a Fund takes possession of an underlying security (collateral) subject to an obligation of the seller to repurchase, and a Fund to resell the security at an agreed upon price and time. Repurchase agreements permit a Fund to maintain liquidity and potentially earn income over periods of time that may be as short as overnight. The collateral for all repurchase agreements are held in safekeeping for the benefit of the Funds at the Trusts custodian, or broker-dealer, or a designated sub-custodian under a tri-party repurchase agreement. All repurchase agreements entered into by a Fund are collateralized with cash or securities of a type that the Fund is permitted to hold. The collateral is evaluated daily to ensure its market value equals or exceeds the current market value of the repurchase agreements, including accrued interest, except in the case of a repurchase agreement entered into for the purposes of selling a security short, where the value of the collateral delivered to a Fund must equal or exceed 95% of the value of the repurchase price during the term of the repurchase agreement. The terms of a repurchase agreement entered into for the purposes of selling a security short may provide that the cash purchase price paid by a Fund is more than the value of the collateral received that it is obligated to return to the counterparty under the repurchase agreement. Since in such a transaction, a Fund normally will have used the collateral received to settle the short sale, a Fund will segregate liquid assets equal to the marked to market value of the collateral received that it is obligated to return to the counterparty under the repurchase agreement.
In the event of default on the obligation to repurchase a security held by a Fund as collateral, the Fund has the right to liquidate the security and apply the proceeds to the counterpartys obligations to the Fund under the repurchase agreement. Upon an event of default under the repurchase agreement, if the seller defaults and the value of the collateral declines or if the seller enters an insolvency proceeding, realization of the collateral by the Fund may be delayed, limited, or wholly denied.
Borrowings and Other Financing Transactions
The following disclosures contain information on a Funds ability to lend or borrow cash or securities to the extent permitted under the 1940 Act, which may be viewed as borrowing or financing transactions by a Fund. The location and fair value amounts of these instruments are described below. For a detailed description of credit and counterparty risks that can be associated with borrowings and other financing transactions, see Note 5.
Reverse Repurchase Agreements Certain Funds may enter into reverse repurchase agreements. In a reverse repurchase agreement, a Fund sells a security that it holds to a financial institution with an agreement to repurchase the same security at an agreed-upon price and date. Securities sold under reverse repurchase agreements are recorded as a liability. Interest payments made are recorded as a component of interest expense. In periods of increased demand for the security, a Fund may receive a fee for use of the security by the counterparty, which may result in interest income to the Fund. A reverse repurchase agreement involves the risk that the market value of the security sold by a Fund may decline below the repurchase price of the security. A Fund will segregate assets determined to be liquid by the manager or otherwise cover its obligations under reverse repurchase agreements.
Sale-Buybacks Financing Transactions Certain Funds may enter into transactions referred to as sale-buybacks. A sale-buyback transaction consists of a sale of a security by a Fund to a financial institution, the counterparty, with a simultaneous agreement to repurchase the same or substantially the same security at an agreed-upon price and date. Such transactions are recorded as secured borrowings. A Fund is not entitled to receive principal and interest payments, if any, made on the security sold to the counterparty during the term of the agreement. The agreed- upon proceeds for securities to be repurchased by a Fund are recorded as a liability. A Fund will recognize net income represented by the price differential between the price received for the transferred security and the agreed-upon repurchase price. This is commonly referred to as the price drop. A price drop consists of (i) the foregone interest and inflationary income adjustments, if any, a Fund would have otherwise received had the security not been sold and (ii) the negotiated financing terms between a Fund and counterparty. Foregone interest and inflationary income adjustments, if any, are recorded as components of interest income. Interest payments based upon negotiated financing terms made by the Fund to counterparties are recorded as a component of interest expense. In periods of increased demand for the security, a Fund may receive a fee for use of the security by the counterparty, which may result in interest income to a Fund. A Fund will segregate assets determined to be liquid or otherwise cover its obligations under sale-buyback transactions.
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NOTES TO FINANCIAL STATEMENTS (Continued)
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Short Sales Certain Funds may enter into short sales. A short sale is a transaction in which a Fund sells securities it does not own. A Funds use of short sales involves the risk that the price of the security in the open market may be higher when purchased to close out the Funds short position, resulting in a loss to the Fund. Such a loss is theoretically unlimited because there is no limit on the potential increase in the price of a security or guarantee as to the price at which the manager would be able to purchase the security in the open market.
When a Fund sells securities short, it must borrow those securities to make delivery to the buyer. The Fund incurs an expense for such borrowing. The Fund may be required to pledge a portion of its assets to the broker as collateral for the borrowed securities. The Fund may not be able to purchase a security that it needs to deliver to close out a short position at an acceptable price. This may result in losses and/or require the Fund to sell long positions before the manager had intended. A Fund may not be able to successfully implement its short sale strategy, which may limit its ability to achieve its investment goal, due to limited availability of desired or eligible securities, the cost of borrowing securities, regulatory changes limiting or barring short sales, or for other reasons. Securities sold in short sale transactions and the interest and dividends payable on such securities, if any, are recorded as a liability.
The use of proceeds received from selling short to purchase additional securities (long positions) results in leverage, which may increase a Funds exposure to long positions. Leverage could magnify gains and losses and, therefore, increase a Funds volatility.
Segregation and Collateral Risk
If a Fund engages in certain transactions, such as derivative investments, repurchase agreements or repurchase-to-maturity transactions accounted for as secured borrowings, it may require collateral in the form of cash or investments to be held in segregated accounts at the Trusts custodian, with an exchange or clearing member firm, or segregated on the Funds books and records maintained by the custodian and/ or the manager of the Fund. In each instance that segregation of collateral is required, it is done so in accordance with the 1940 Act and/or any interpretive guidance issued by the SEC. In the event of the counterparty default on the transaction, a Fund has the right to liquidate the collateral and apply the proceeds to the counterpartys obligations to that Fund. Upon an event of default, if the seller defaults and the value of the collateral declines, or if the seller enters an insolvency proceeding, realization of the collateral by the Fund may be delayed, limited or wholly denied. There is also a possibility that a Fund could experience a delay in selling investments that are segregated as collateral.
5. DERIVATIVE INVESTMENTS AND RISKS, AND ENFORCEABLE MASTER NETTING ARRANGEMENTS
A. PRINCIPAL MARKET RISKS MANAGED BY INVESTING IN DERIVATIVES
Derivative instruments are investments whose values are tied to the value of an underlying security or asset, a group of assets, interest rates, exchange rates, currency or an index. Certain Funds are permitted to invest in derivative instruments, including, but not limited to, futures contracts, option contracts, forward foreign currency contracts, and swap agreements. Derivatives may have little or no initial cash investment value relative to their market value exposure and therefore can produce significant gains or losses in excess of their cost. This is sometimes referred to as leverage. Leverage can magnify a Funds gains and losses and therefore increase its volatility. A Funds investments in derivatives may increase, decrease or change the level or types of exposure to certain risk factors. The primary risks a Fund may attempt to manage through investing in derivative instruments include, but are not limited to, interest rate, foreign investments and currency, price volatility, and credit (including counterparty) risks.
Interest Rate Risk A Fund may be exposed to interest rate risk through investments in debt securities. Interest rate risk is the risk that debt securities will decline in value as a result of changes in interest rates. For example, the value of bonds, fixed rate loans and short-term money market instruments may decline in value when interest rates rise. In a low interest rate environment, the risks associated with rising interest rates are heightened. Debt securities with longer durations tend to be more sensitive to changes in interest rates, making them more volatile than debt securities with shorter durations or money market instruments. Therefore, duration is a potentially useful tool to measure the sensitivity of a debt securitys yield (market price to interest rate movement). To manage these risks, certain Funds may invest in derivative instruments tied to interest rates.
Foreign Investments and Currency Risk A Fund may be exposed to foreign investments and/or currency risk through direct investment in securities or through options, futures or currency transactions. The prices of foreign securities that are denominated in foreign currencies are affected by the value of the U.S. dollar. With respect to securities denominated in foreign currencies, in general, as the value of the U.S. dollar rises, the U.S. dollar price of a foreign security will fall. As the value of the U.S. dollar falls, the U.S. dollar value of the foreign security will rise. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons. Foreign investments may be riskier than U.S. investments for many reasons, including changes in currency exchange rates, unstable political and economic conditions, a lack of adequate and timely company information, differences in the way securities markets operate, relatively lower market liquidity, less stringent financial reporting and accounting guidance and controls, less secure foreign banks or securities depositories than those in the U.S., foreign taxation issues, and foreign controls on investments. As a result, a Funds investments in foreign currency-denominated securities and other foreign investments may reduce the returns of the Fund. To manage these risks, certain Funds may invest in derivative instruments tied to foreign investments and/or currencies.
Price Volatility Risk Derivatives tied to equity and debt securities are exposed to potential price volatility. Debt securities are affected by many factors, including prevailing interest rates, market conditions, and market liquidity. Volatility of below investment grade debt securities (including loans) may be relatively greater than for investment grade debt securities. Equity securities tend to go up or down in value, sometimes rapidly and unpredictably. The prices of equity securities change in response to many factors, including a companys historical and prospective earnings, the value of its assets, general economic conditions, interest rates, investor perceptions, and market liquidity. Due to the complexities of markets, events in one market or sector may adversely impact other markets or sectors. To manage these risks, certain Funds may invest in various derivative instruments. Derivative instruments may be used to manage a Funds exposure to price volatility risk but may also be subject to greater price volatility than investments in traditional securities. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political, and regulatory developments.
C-11
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
Credit and Counterparty Risk Credit risk is the risk that a debt securitys issuer (or borrower or counterparty) will be unable or unwilling to meet its financial obligations (e.g., may not be able to make principal and/or interest payments when they are due or otherwise default on other financial terms) and/or may go bankrupt. This is also sometimes described as counterparty risk. A Fund may lose money if the issuer or guarantor of debt security, or counterparty of a derivative contract, repurchase or reverse repurchase agreement, or a loan of Fund securities, is unable or unwilling to make timely principal and/or interest payments, or to otherwise honor its obligations. A Fund may attempt to minimize concentrations of credit risk by undertaking transactions with a large number of borrowers or counterparties on recognized and reputable exchanges. A Funds investments in debt investments may range in quality from those rated in the lowest category in which it is permitted to invest to those rated in the highest category by a rating agency, or if unrated, determined by the manager to be of comparable quality.
Similar to credit risk, a Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which a Fund has unsettled or open transactions will default. Financial assets of counterparties, which potentially expose a Fund to counterparty risk, consist mainly of cash due from counterparties and investments. Certain managers may attempt to minimize credit risks to the Funds by performing extensive reviews of each counterparty, entering into transactions with counterparties that the manager believes to be creditworthy at the time of the transaction and requiring the posting of collateral in applicable transactions. To manage these risks, certain Funds may invest in derivative instruments tied to a security issuers financial strength.
B. DERIVATIVE INVESTMENTS
In addition to managing the market risks described above, certain Funds, if permitted by their investment objectives, may also invest in derivatives for purposes of hedging, duration management, to gain exposure to specific investment opportunities, as a substitute for securities, to enhance returns, or to otherwise help achieve a Funds investment goal. Each derivative instrument and the reasons a Fund invested in derivatives during the reporting period are discussed in further detail below. The Portfolio Optimization Funds are exposed to the same derivative risks as the applicable Funds in which a Portfolio Optimization Fund invests (PF Underlying Funds, Pacific Funds Core Income, Pacific Funds Floating Rate Income, and Pacific Funds High Income) in direct proportion to the allocation of assets among those Funds.
Futures Contracts A futures contract is a commitment to buy or sell a specific amount of a financial instrument or commodity at a negotiated price on a specified future date. Futures contracts are subject to the possibility of illiquid markets, and the possibility of an imperfect correlation between the value of the instruments and the underlying securities. Initial margin is deposited with a futures broker upon entering into futures contracts and can be funded with either cash or securities, in accordance with the initial margin requirements of the broker or the exchange.
During the period a futures contract is open, changes in the value of the contract are recognized as unrealized appreciation or depreciation by marking-to-market on a daily basis to reflect the market value of the contract at the end of each days trading. Variation margin receivables or payables represent the difference between the change in unrealized appreciation and depreciation on the open contracts and the cash deposits made on the margin accounts. When the contract is closed, a Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Funds cost of the contract. Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded.
During the reporting period, the following Funds entered into futures contracts for the following reasons: the PF Inflation Managed and PF Managed Bond Funds used futures contracts to manage interest rate risk exposure, as a substitute for cash bond exposure, and for purposes of liquidity. The PF Short Duration Bond Fund entered into interest rate futures to manage duration and yield curve exposure. The PF Multi-Asset Fund entered into futures contracts to gain or reduce exposure to various markets, for purposes of hedging, and as part of the Funds investment strategy.
Option Contracts An option contract is a commitment that gives the purchaser of the contract the right, but not the obligation, to buy or sell an underlying reference asset at a specific price on or before a specified future date. On the other hand, the writer of an option contract is obligated, upon the exercise of the option, to buy or sell an underlying reference asset at a specific price on or before a specified future date.
A swaption is an option contract granting the owner the right to enter into an underlying swap. Inflation-capped options are options on U.S. inflation rates at a stated strike price. The seller of an inflation-capped option receives an upfront premium and in return the buyer receives the right to receive a payment at the expiration of the option if the cumulative annualized inflation rate over the life of the option is above (for caps) or below (for floors) the stated strike price. The purpose of inflation-capped options is to protect the buyer from inflation erosion above a certain rate on a given notional exposure. A floor can be used to give downside protection to investments in inflation-linked products below a certain rate on a given notional exposure. Writing put options or purchasing call options tends to increase a Funds exposure to the underlying instrument. Writing call options or purchasing put options tends to decrease a Funds exposure to the underlying instrument. When a Fund writes or purchases a call, put, or inflation-capped option, an amount equal to the premium received or paid by the Fund is recorded as a liability or an investment, respectively, and subsequently adjusted to the current market value, based on the quoted daily settlement price of the option written or purchased. Certain options may be written or purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. Premiums received or paid from writing or purchasing options, which expire unexercised, are treated by a Fund on the expiration date as realized gains or losses. The difference between the premium and the amount paid or received on a closing purchase or sale transaction, including brokerage commissions, is also treated as a realized gain or loss. If an option is exercised, the premium paid or realized is added to the cost of the purchase or proceeds from the sale in determining whether the Fund has realized a gain or loss on investment transactions. A Fund, as a writer of an option, may have no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the underlying written option. In addition, an illiquid market may make it difficult for a Fund to close out an option contract.
C-12
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
The maximum risk of loss associated with writing put options is limited to the exercised fair value of the option contract. The maximum risk of loss associated with writing call options is potentially unlimited. Listed option contracts present minimal counterparty credit risk since they are exchange traded and the exchanges clearinghouse, as counterparty to all exchange-traded options, guarantees the options against default. A Funds maximum risk of loss from counterparty credit risk related to OTC option contracts is limited to the premium paid.
During the reporting period, the following Funds entered into option contracts for the following reasons: the PF Inflation Managed and PF Managed Bond Funds purchased and sold/wrote options to obtain exposure to the price activity or volatility of an underlying security or index, to hedge downside risk, to manage duration and to generate income. Additionally, the PF Inflation Managed Fund used swaptions to achieve credit or interest rate exposure. The PF Managed Bond Fund used inflation floors, and the PF Inflation Managed Fund used inflation floors and caps, to manage inflation exposure.
Forward Foreign Currency Contracts A forward foreign currency contract (Forward Contract) is a commitment to buy or sell a specific amount of a foreign currency at a negotiated price on a specified future date. Forward Contracts can help a Fund manage the risk of changes in currency exchange rates. The market value of a Forward Contract fluctuates with changes in foreign currency rates. These contracts are marked-to-market daily at the applicable forward currency translation rates. A Fund records realized gains or losses at the time the Forward Contract is closed. A Forward Contract is extinguished through a closing transaction or upon delivery of the currency or entering an offsetting contract. A Funds maximum risk of loss from counterparty credit risk related to Forward Contracts is the fair value of the contract. The risk may be mitigated to some extent if a master netting arrangement between a Fund and the counterparty is in place and to the extent a Fund obtains collateral to cover the Funds exposure to the counterparty.
During the reporting period, the following Funds entered into forward foreign currency contracts for the following reasons: the PF Inflation Managed and PF Managed Bond Funds purchased and sold forward contracts to hedge currency exposure and manage duration. The PF Emerging Markets Debt Fund entered into Forward Contracts to gain exposure to various markets, for purposes of hedging, and as part of the Funds investment strategy.
Swap Agreements Swap agreements are bilaterally negotiated agreements between the Funds and their counterparties to exchange swap investment cash flows, assets, foreign currencies or market-linked returns at specified intervals. Swap agreements are privately negotiated in the OTC market or are executed in a multilateral or other execution facility platform, such as a registered commodities exchange (centrally cleared swaps). In connection with these agreements, cash and securities may be identified as collateral in accordance with the terms of the respective swap agreements to provide assets of value and recourse in the event of default or bankruptcy/insolvency. Swaps are marked-to- market daily based upon values received from third party vendors or quotations from market makers. Market values greater than zero are recorded as an asset and market values less than zero are recorded as a liability. The change in value of swaps, including accruals of periodic amounts of interest to be paid or received on swaps, is recorded as unrealized appreciation or depreciation. Daily changes in valuation of centrally cleared swaps, if any, are recorded as variation margin receivable or payable. OTC swap payments received or made at the beginning of the measurement period are recorded as an asset or liability and represent payments made or received upon entering into the swap agreement to compensate for differences between the stated terms of the swap agreement and prevailing market conditions (credit spreads, currency exchange rates, interest rates, and other relevant factors). These upfront payments are recorded as realized gain or loss when the swap is closed. A liquidation payment received or made at the termination of the swap is recorded as realized gain or loss. Net periodic payments received by a Fund are recorded as realized gain.
Interest Rate Swaps Interest rate swap agreements involve the exchange by a Fund with another party of their respective commitments to pay or receive interest with respect to the notional amount of principal. Certain forms of interest rate swap agreements may include: (i) interest rate caps, under which, in return for a premium, one party agrees to make payments to the other to the extent that interest rates exceed a specified rate, or cap, (ii) interest rate floors, under which, in return for a premium, one party agrees to make payments to the other to the extent that interest rates fall below a specified rate, or floor, (iii) interest rate collars, under which a party sells a cap and purchases a floor or vice versa in an attempt to protect itself against interest rate movements exceeding given minimum or maximum levels, (iv) callable interest rate swaps, under which the counterparty may terminate the swap transaction in whole at zero cost by a predetermined date and time prior to the maturity date, (v) spreadlocks, which allow the interest rate swap users to lock in the forward differential (or spread) between the interest rate swap rate and a specified benchmark, or (vi) basis swaps, under which two parties can exchange variable interest rates based on different money markets.
A Fund investing in interest rate swaps is subject to the risk that there is no liquid market for these agreements, that the counterparties may default on their obligations to perform or disagree as to the meaning of the contractual terms in the agreements, or that there may be unfavorable changes in interest rates. A Funds maximum risk of loss from counterparty credit risk related to interest rate swaps is the discounted net value of the cash flows to be received from/paid to the counterparty over the contracts remaining life, to the extent that the amount is positive. The risk may be mitigated to some extent if a master netting arrangement between a Fund and the counterparty is in place and to the extent a Fund obtains collateral to cover the Funds exposure to the counterparty.
During the reporting period, the following Funds entered into interest rate swap agreements for the following reasons: the PF Inflation Managed and PF Managed Bond Funds entered into interest rate swaps to manage nominal or real interest rate risk in various global markets, to manage duration and as a substitute for cash bond exposure. The PF Emerging Markets Debt Fund entered into interest rate swaps to gain exposure to various markets, for purposes of hedging, and as part of the Funds investment strategy.
Credit Default Swaps Credit default swap agreements involve one party making a stream of payments (referred to as the buyer of protection) to another party (the seller of protection) in exchange for the right to receive a specified return in the event of a default or other credit event for the referenced entity, obligation or index. A Fund investing in credit default swaps is subject to the risk that there is no liquid market for these agreements, that the counterparties may default on their obligations to perform or disagree as to the meaning of the contractual terms in the agreements, or that there may be unfavorable changes in interest rates.
C-13
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
As a seller of protection, a Fund generally receives an upfront payment and/or a fixed rate of income throughout the term of the swap provided there is no credit event. As the seller, a Fund would effectively add leverage to the Fund because, in addition to the total net assets, a Fund would be subject to investment exposure on the notional amount of the swap.
If a Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a 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, other deliverable obligations or underlying securities comprising the referenced index, or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. If a Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a 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, other deliverable obligations or underlying securities comprising the referenced index, or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.
Credit default swap agreements on corporate and sovereign issues involve one party making a stream of payments to another party in exchange for the right to receive a specified return in the event of a default or other credit event. If a credit event occurs and cash settlement is not elected, a variety of other deliverable obligations may be delivered in lieu of the specific referenced obligation. The ability to deliver other obligations may result in a cheapest-to-deliver option (the buyer of protections right to choose the deliverable obligation with the lowest value following a credit event).
Credit default swap agreements on asset-backed securities involve one party making a stream of payments to another party in exchange for the right to receive a specified return in the event of a default or other credit event. Unlike credit default swaps on corporate and sovereign issues, deliverable obligations in most instances would be limited to the specific referenced obligation as performance for asset-backed securities can vary across deals. Prepayments, principal paydowns, and other writedowns or loss events on the underlying mortgage loans will reduce the outstanding principal balance of the referenced obligation. These reductions may be temporary or permanent as defined under the terms of the swap agreement and the notional amount for the swap agreement will be adjusted by corresponding amounts.
Credit default swap agreements on credit indices involve one party making a stream of payments to another party in exchange for the right to receive a specified return in the event of a write-down, principal shortfall, interest shortfall or default of all or part of the referenced entities comprising the credit index. Credit default swap agreements on indices are benchmarks for protecting investors owning bonds against default. A credit index is a list of a basket of credit instruments or exposures designed to be representative of some part of the credit market as a whole. These indices are made up of reference credits that are judged by a poll of dealers to be the most liquid entities in the credit default swap market based on the sector of the index. Components of the indices may include, but are not limited to, investment grade securities, high yield securities, asset-backed securities, emerging markets, and/or various credit ratings within each sector. Credit indices are traded using credit default swaps with standardized terms including a fixed spread and standard maturity dates. An index credit default swap references all the names in the index, and if there is a default, the credit event is settled based on that names weight in the index. The composition of the indices changes periodically, usually every six months, and for most indices, each name has an equal weight in the index.
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. Wider credit spreads, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate and sovereign issues or U.S. Treasury obligation issues as of period end, are disclosed in the Notes to Schedules of Investments and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or 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 into the agreement. For credit default swap agreements on asset- backed securities and credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/ performance risk.
A Fund may use paired trades of credit default swaps. Pair trades attempt to match a long position with a short position of two securities in the same market sector for hedging purposes. Pair trades of credit default swaps attempt to gain exposure to credit risk while hedging or offsetting the effects of overall market movements. For example, a Fund may purchase protection through a credit default swap referenced to the debt of an issuer, and simultaneously selling protection through a credit default swap referenced to the debt of a different issuer with the intent to realize gains from the pricing differences of the two issuers who are expected to have similar market risks.
A Fund may use spread curve trades by simultaneously purchasing and selling protection through credit default swaps referenced to the same issuer but with different maturities. Spread curves attempt to gain exposure to credit risk on a forward basis by realizing gains on the expected differences in spreads.
A Funds maximum risk of loss from counterparty credit risk related to credit default swaps, either as the buyer or seller of protection, is the fair value of the contract. The risk may be mitigated to some extent if a master netting arrangement between a Fund and the counterparty is in place and to the extent a Fund obtains collateral to cover the Funds exposure to the counterparty.
The aggregate fair value of credit default swaps in a net liability position is reflected as unrealized depreciation and is disclosed in the Notes to Schedules of Investments. The maximum potential amount of future payments (undiscounted) that a Fund as a seller of protection could be required to make under a credit default swap agreement is an amount equal to the notional amount of the agreement. Notional amounts of all
C-14
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
credit default swap agreements outstanding as of September 30, 2021 for which a Fund is the seller of protection are disclosed in the Notes to Schedules of Investments. These potential amounts are partially offset by any recovery values of the respective referenced obligations, upfront payments received upon entering into the agreement, or net amounts received from the settlement of buy protection credit default swap agreements entered into by a Fund for the same referenced entity or entities.
During the reporting period, the following Funds entered into credit default swap agreements for the following reasons: the PF Managed Bond Fund purchased and sold credit protection through credit default swaps to manage credit exposure, allow portfolio managers to enter or exit credit positions in periods of low liquidity, or to gain exposure that may not be available in cash markets.
Total Return Swaps A Fund investing in total return swaps is subject to the risk that there is no liquid market for these agreements, that the counterparties may default on their obligations to perform or that there may be unfavorable changes in the value of the underlying index or reference instrument (generally caused by changes in interest rates or declines in credit quality). A total return swap agreement is one in which one party makes payments based on a set rate, either fixed or variable, while the other party makes payments based on the return of an underlying index or reference instrument, which includes both the income it generates and any capital gains. To the extent the total return of the index or reference instrument underlying the transaction exceeds or falls short of the offsetting interest rate obligation, a Fund will receive a payment from or make a payment to the counterparty. A Funds maximum risk of loss from counterparty credit risk related to total return swaps is the discounted net value of the cash flows to be received from or paid to the counterparty over the contracts remaining life, to the extent that the amount is positive. The risk may be mitigated to some extent if a master netting arrangement between a Fund and the counterparty is in place and to the extent a Fund obtains collateral to cover a Funds exposure to the counterparty.
A Fund may enter into fully funded total return swaps which involves one party making an initial payment equal to the estimated value of the reference instrument. The parties to the swap then exchange respective commitments to pay or receive a net amount based on the change in the fair value of a reference instrument and a specified notional amount.
During the reporting period, the following Funds entered into total return swap agreements for the following reasons: the PF Multi-Asset Fund entered into total return swaps to gain or reduce exposure to various markets, for purposes of hedging, and as part of the Funds investment strategy.
The following is a summary of the location of fair value amounts of derivative investments, if any, disclosed in the Trusts Statements of Assets and Liabilities. An exchange traded investments value reflects the cumulative value. Only the current days variation margin is reported on the Statements of Assets and Liabilities.
Location on the Statements of Assets and Liabilities | ||||
Derivative Investments Risk Type | Asset Derivative Investments | Liability Derivative Investments | ||
Credit contracts | Outstanding purchased options, at value | Outstanding options written, at value | ||
Equity contracts | Receivable: Variation margin on futures contracts | Payable: Variation margin on futures contracts | ||
Interest rate contracts | Receivable: Variation margin on swap agreements | Payable: Variation margin on swap agreements | ||
Swap premiums paid | Swap premiums received | |||
Swap agreements appreciation | Swap agreements depreciation | |||
Foreign currency contracts | Outstanding purchased options, at value | Outstanding options written, at value | ||
Receivable: Variation margin on futures contracts | Payable: Variation margin on futures contracts | |||
Receivable: Variation margin on swap agreements | Payable: Variation margin on swap agreements | |||
Swap premiums paid | Swap premiums received | |||
Swap agreements appreciation | Swap agreements depreciation | |||
Forward foreign currency contracts appreciation | Forward foreign currency contracts depreciation |
The following is a summary of fair values of derivative investments disclosed in the Trusts Statements of Assets and Liabilities, categorized by primary risk exposure as of September 30, 2021:
Asset Derivative Investments Value | ||||||||||||||||||||
Fund | Total Value at September 30, 2021 |
Credit Contracts |
Equity Contracts |
Foreign Currency Contracts |
Interest Contracts |
|||||||||||||||
PF Inflation Managed | $389,959 | $ | $ | $53,989 | $335,970 | |||||||||||||||
PF Managed Bond | 3,805,059 | 19,255 | | 1,166,473 | 2,619,331 | |||||||||||||||
PF Short Duration Bond | 39,516 | | | | 39,516 | |||||||||||||||
PF Emerging Markets Debt | 257,324 | | | 251,472 | 5,852 | |||||||||||||||
PF Multi-Asset | 112,466,917 | | 112,466,917 | | |
Liability Derivative Investments Value | ||||||||||||||||||||
Fund | Total Value at September 30, 2021 |
Credit Contracts |
Equity Contracts |
Foreign Currency Contracts |
Interest Rate |
|||||||||||||||
PF Inflation Managed | ($362,579 | ) | ($723 | ) | $ | ($3,343 | ) | ($358,513 | ) | |||||||||||
PF Managed Bond | (4,478,667 | ) | (23,516 | ) | | (750,994 | ) | (3,704,157 | ) | |||||||||||
PF Short Duration Bond | (8,665 | ) | | | | (8,665 | ) | |||||||||||||
PF Emerging Markets Debt | (339,480 | ) | | | (287,079 | ) | (52,401 | ) | ||||||||||||
PF Multi-Asset | (10,199,826 | ) | | (10,199,826 | ) | | |
C-15
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
The following is a summary of the location of realized gains and losses and changes in net unrealized appreciation and depreciation on derivative investments, if any, disclosed in the Trusts Statements of Operations:
Derivative Investments Risk Type | Location of Gain (Loss) on Derivative Investments Recognized in the Statements of Operations | |
Credit contracts | Net realized gain (loss) on futures contract transactions | |
Equity contracts | Net realized gain (loss) on purchased option transactions | |
Interest rate contracts | Net realized gain (loss) on swap transactions | |
Net realized gain (loss) on written option transactions | ||
Change in net unrealized appreciation (depreciation) on futures contracts Change in net unrealized appreciation (depreciation) on purchased options Change in net unrealized appreciation (depreciation) on swaps | ||
Change in net unrealized appreciation (depreciation) on written options | ||
Foreign currency contracts |
Net realized gain (loss) on forward foreign currency contract transactions Net realized gain (loss) on futures contract transactions | |
Net realized gain (loss) on purchased option transactions Net realized gain (loss) on swap transactions | ||
Net realized gain (loss) on written option transactions | ||
Change in net unrealized appreciation (depreciation) on forward foreign currency contracts Change in net unrealized appreciation (depreciation) on futures contracts | ||
Change in net unrealized appreciation (depreciation) on purchased options Change in net unrealized appreciation (depreciation) on swaps | ||
Change in net unrealized appreciation (depreciation) on written options |
The following is a summary of each Funds net realized gain and/or loss and change in net unrealized appreciation and/or depreciation on derivative investments recognized in the Trusts Statements of Operations categorized by primary risk exposure for the period ended September 30, 2021:
Realized Gain (Loss) on Derivative Investments Recognized in the Statements of Operations |
||||||||||||||||||||
Fund | Total | Credit Contracts |
Equity Contracts |
Foreign Currency Contracts |
Interest Rate Contracts |
|||||||||||||||
PF Inflation Managed | $32,749 | $3,052 | $ | $111,588 | ($81,891 | ) | ||||||||||||||
PF Managed Bond | 4,354,303 | 684,319 | | 1,022,482 | 2,647,502 | |||||||||||||||
PF Short Duration Bond | (21,889 | ) | | | | (21,889 | ) | |||||||||||||
PF Emerging Markets Debt | (378,723 | ) | | | (379,796 | ) | 1,073 | |||||||||||||
PF Multi-Asset | 129,080,598 | | 129,080,598 | | |
Change in Net Unrealized Appreciation (Depreciation) on Derivative Investments Recognized in the Statements of Operations |
||||||||||||||||||||
Fund | Total | Credit Contracts |
Equity Contracts |
Foreign Currency Contracts |
Interest Rate Contracts |
|||||||||||||||
PF Inflation Managed | ($126,997 | ) | ($1,181 | ) | $ | ($57,105 | ) | ($68,711 | ) | |||||||||||
PF Managed Bond | (1,312,633 | ) | (151,627 | ) | | (184,933 | ) | (976,073 | ) | |||||||||||
PF Short Duration Bond | (75,556 | ) | | | | (75,556 | ) | |||||||||||||
PF Emerging Markets Debt | 420,834 | | | 430,669 | (9,835 | ) | ||||||||||||||
PF Multi-Asset | (45,578,571 | ) | | (45,578,571 | ) | | |
For financial reporting purposes, the Trust does not offset fair value amounts recognized for derivative instruments and fair value amounts recognized for the right to reclaim cash collateral (receivables) or the obligation to return cash collateral (payables) arising from derivative instruments recognized at fair value executed with the same counterparty under a master netting arrangement.
The following is a summary of the average number of positions and values of derivative investments by derivative type for the period ended September 30, 2021:
Average Positions and Values of Derivative Investments by Derivative Type | ||||||||||||||||||||||||||||||||||||||||||||
Futures Contracts | Forward Contracts | Options Contracts | Swap Agreements | |||||||||||||||||||||||||||||||||||||||||
Fund | Number of Positions |
Value | Number of Positions |
Value | Number of Positions |
Value | Number of Positions |
Value | ||||||||||||||||||||||||||||||||||||
PF Inflation Managed |
12 | ($3,406 | ) | 15 | $81,155 | 18 | ($1,826 | ) | 39 | ($20,864 | ) | |||||||||||||||||||||||||||||||||
PF Managed Bond |
27 | (982,143 | ) | 51 | 735,645 | 63 | (81,127 | ) | 54 | 870,103 | ||||||||||||||||||||||||||||||||||
PF Short Duration Bond |
4 | 35,256 | | | | | | | ||||||||||||||||||||||||||||||||||||
PF Emerging Markets Debt |
| | 87 | (248,888 | ) | | | 3 | (37,401 | ) | ||||||||||||||||||||||||||||||||||
PF Multi-Asset |
1 | 412,038 | | | | | 23 | 117,878,605 |
The table shown above and the amounts of net realized gains and losses and changes in net unrealized appreciation and depreciation on derivative investments as disclosed in the Statements of Operations serve as indicators of volume of derivative activity for each applicable Fund for the period ended September 30, 2021.
C-16
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
C. ENFORCEABLE MASTER NETTING ARRANGEMENTS
Master Agreements and Netting Arrangements Certain Funds are parties to various agreements, including but not limited to International Swaps and Derivatives Association Agreements and related Credit Support Annex, Master Repurchase Agreements, and Master Securities Forward Transactions Agreements (collectively Master Agreements), which govern the terms of certain transactions with select counterparties. These Master Agreements generally include provisions for general obligations, representations, agreements, collateral, and certain events of default or termination. These Master Agreements also include provisions for netting arrangements that help reduce credit and counterparty risk associated with relevant transactions (netting arrangements). The netting arrangements are generally tied to credit related events that, if triggered, would cause an event of default or termination giving a Fund or counterparty the right to terminate early and cause settlement, on a net basis, of all transactions under the applicable Master Agreement. In the event of an early termination as a result of an event of default under the Master Agreement, the total value exposure of all transactions will be offset against collateral exchanged to date, which would result in a net receivable or payable that would be due from or to the counterparty. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in the event of a bankruptcy or insolvency. Credit related events include, but are not limited to, bankruptcy, failure to make timely payments, restructuring, obligation acceleration, obligation default, a material decline in net assets, decline in credit rating or repudiation/moratorium. Any election made by a counterparty to early terminate the transactions under a Master Agreement could have a material adverse impact on a Funds financial statements. A Funds overall exposure to credit risk, subject to netting arrangements can change substantially within a short period, as it is affected by each transaction subject to the arrangement.
Master Agreements can also help limit counterparty risk by specifying collateral posting arrangements at pre-arranged exposure levels. Under the Master Agreements, collateral is routinely transferred if the total net exposure to certain transactions under the relevant Master Agreement with a counterparty in a given Fund exceeds a specified threshold, net of collateral already in place, which typically ranges from $0 to $250,000 depending on the counterparty and the type of Master Agreement. Collateral under the Master Agreements is usually in the form of cash or U.S. Treasury Bills but could include other types of securities. If permitted under the Master Agreement, certain funds may rehypothecate cash collateral received from a counterparty. The value of all derivative transactions outstanding under a Master Agreement is calculated daily to determine the amount of collateral to be received or pledged by the counterparty. Posting of collateral for OTC derivative transactions are covered under tri-party collateral agreements between the Trust, the Trusts custodian, and each counterparty. Collateral for centrally cleared derivatives transactions are posted with the applicable derivatives clearing organization.
The following is a summary of financial and derivative instruments that are subject to enforceable master agreements with netting arrangements (or similar arrangements) and collateral received and pledged in connection with the master agreements with netting arrangements (or similar arrangements) as of September 30, 2021:
|
Gross Amounts Presented in the |
|
Gross Amounts Not Offset in Statements of Assets and Liabilities |
|
Gross Amounts Presented in the |
|
Gross Amounts Not Offset in Statements of Assets and Liabilities |
||||||||||||||||||||||||||||||||||||||
Description |
|
Financial Instruments |
|
Collateral Received |
|
Net Amount |
|
Financial Instruments |
|
Collateral Pledged |
|
Net Amount |
|||||||||||||||||||||||||||||||||
Assets | Liabilities | ||||||||||||||||||||||||||||||||||||||||||||
PF Inflation Managed |
|||||||||||||||||||||||||||||||||||||||||||||
Forward foreign currency contracts |
$53,989 | ($3,343 | ) | $ | $50,646 | ($3,343 | ) | $3,343 | $ | $ | |||||||||||||||||||||||||||||||||||
Option contracts |
37,028 | (36,431 | ) | | 597 | (37,788 | ) | 36,431 | | (1,357 | ) | ||||||||||||||||||||||||||||||||||
Sale-buyback financing transactions |
| | | | (5,949,081 | ) | 5,921,271 | | (27,810 | ) | |||||||||||||||||||||||||||||||||||
PF Managed Bond |
|||||||||||||||||||||||||||||||||||||||||||||
Forward foreign currency contracts |
1,127,116 | (195,047 | ) | (609,222 | ) | 322,847 | (496,534 | ) | 195,047 | 9,929 | (291,558 | ) | |||||||||||||||||||||||||||||||||
Option contracts |
31,687 | (1,010 | ) | (875 | ) | 29,802 | (1,010 | ) | 1,010 | | | ||||||||||||||||||||||||||||||||||
Swap agreements |
3,620 | (3,620 | ) | | | (84,615 | ) | 3,620 | 50,071 | (30,924 | ) | ||||||||||||||||||||||||||||||||||
PF Emerging Markets Debt |
|||||||||||||||||||||||||||||||||||||||||||||
Forward foreign currency contracts |
251,472 | (204,169 | ) | | 47,303 | (287,079 | ) | 204,169 | | (82,910 | ) | ||||||||||||||||||||||||||||||||||
PF Multi-Asset |
|||||||||||||||||||||||||||||||||||||||||||||
Swap agreements |
111,230,802 | (9,313,746 | ) | (101,917,056 | ) | | (10,199,826 | ) | 9,313,746 | | (886,080 | ) |
During the reporting period, certain Funds may have had investments in repurchase agreements. The gross value and related collateral received for these investments, if any, are presented in each applicable Funds Schedule of Investments and the value of these investments is also presented in the Statements of Assets and Liabilities. The value of the related collateral, if any, held by each applicable Fund, exceeded the value of the repurchase agreements as of September 30, 2021.
C-17
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
6. INVESTMENT ADVISORY, ADMINISTRATION AND SHAREHOLDER SERVICES, AND DISTRIBUTION AGREEMENTS
Pursuant to an Investment Advisory Agreement, PLFA, a wholly-owned subsidiary of Pacific Life Insurance Company (Pacific Life), serves as Investment Adviser to each Fund of the Trust. PLFA receives investment advisory fees from each Fund which are based on annual percentages of the average daily net assets of each Fund. Pursuant to Sub-Advisory Agreements, the Trust and PLFA engage various investment management firms under PLFAs supervision to sub-advise certain Funds presented in these financial statements. PLFA manages the Portfolio Optimization Funds and a portion of the PF Multi-Asset Fund directly. PLFA, as Investment Adviser to each Fund of the Trust, pays related management fees to these sub-advisers as compensation for their sub-advisory services provided to the Trust. As of September 30, 2021, the investment advisory fees that PLFA receives from each Fund based upon an annual percentage of the average daily net assets of each Fund, the advisory fee waiver rate and the sub-adviser of each Fund (if applicable), are as follows:
Fund | Advisory Fee Rate |
Advisory Fee Waiver through July 31, 2022 |
Sub-Adviser(s) | |||
Pacific Funds Portfolio Optimization Conservative Pacific Funds Portfolio Optimization Moderate-Conservative Pacific Funds Portfolio Optimization Moderate Pacific Funds Portfolio Optimization Growth Pacific Funds Portfolio Optimization Aggressive-Growth |
0.20% | 0.025% for assets above $2 billion to $3 billion 0.050% on next $2 billion 0.075% on next $2.5 billion 0.100% on excess |
||||
Pacific Funds Ultra Short Income | 0.25% | Pacific Asset Management LLC | ||||
Pacific Funds Short Duration Income | 0.40% | 0.025% above $1 billion to $2 billion 0.050% on next $1 billion 0.075% on excess |
Pacific Asset Management LLC | |||
Pacific Funds Core Income | 0.50% | 0.025% above $1 billion to $2 billion 0.050% on next $1 billion 0.075% on excess |
Pacific Asset Management LLC | |||
Pacific Funds Strategic Income Pacific Funds High Income |
0.60% | 0.025% above $1 billion to $2 billion 0.050% on next $1 billion 0.075% on excess |
Pacific Asset Management LLC | |||
Pacific Funds Floating Rate Income | 0.65% | 0.025% above $1 billion to $2 billion 0.050% on next $1 billion 0.075% on excess |
Pacific Asset Management LLC | |||
Pacific Funds ESG Core Bond | 0.38% | Pacific Asset Management LLC | ||||
Pacific Funds Small/Mid-Cap Pacific Funds Small-Cap Pacific Funds Small-Cap Value |
0.75% | Rothschild & Co Asset Management US Inc. | ||||
PF Inflation Managed Fund | 0.40% | Pacific Investment Management Company LLC | ||||
PF Managed Bond Fund | 0.40% | 0.0075% | J.P. Morgan Investment Management Inc., Pacific Investment Management Company LLC, and Western Asset Management Company, LLC (co-sub-advisers) | |||
PF Short Duration Bond Fund | 0.40% | T. Rowe Price Associates, Inc. | ||||
PF Emerging Markets Debt Fund | 0.785% | 0.02% (0.05% effective November 1, 2021) | Ashmore Investment Management Limited (Principal Global Investors, LLC effective November 1, 2021) | |||
PF Growth Fund | 0.55% | MFS Investment Management | ||||
PF Large-Cap Value Fund | 0.65% | ClearBridge Investments, LLC | ||||
PF Small-Cap Growth Fund | 0.60% | MFS Investment Management | ||||
PF Small-Cap Value Fund | 0.75% | AllianceBernstein L.P. | ||||
PF Emerging Markets Fund | 0.80% | Invesco Advisers, Inc. | ||||
PF International Large-Cap Fund | 0.85% | 0.03% | MFS Investment Management (Clearbridge Investments, LLC effective November 1, 2021) | |||
PF International Small-Cap Fund | 0.85% | 0.015% effective November 1, 2021 | Franklin Advisers, Inc. (formerly QS Investors, LLC) (Fidelity effective November 1, 2021) | |||
PF International Value Fund | 0.65% | Wellington Management Company LLP | ||||
PF Multi-Asset Fund | 0.35% | Pacific Asset Management LLC (collateral portion only) | ||||
PF Real Estate Fund | 0.90% | 0.15% | Principal Real Estate Investors, LLC |
Pursuant to the PF Administration Agreement with the Trust, the Administrator and PLFA perform, procure and/or oversee administrative services for each of the Funds. These services include, but are not limited to, procuring and overseeing transfer agency, dividend disbursement and sub-transfer agency services for the Trust, and any and all legal, compliance, and accounting support provided by Pacific Life and PLFA for the operations of the Trust and to permit the Trust to conduct business as described in its registration statement; and other services necessary for the administration of the Funds affairs.
Pacific Life receives an administration fee from each Fund based on an annual rate of 0.15% of average daily net assets of each Fund.
Pursuant to the Distribution Agreement, Pacific Select Distributors, LLC (the Distributor), a wholly-owned subsidiary of Pacific Life, serves as distributor of the Trusts shares. Under the Distribution Agreement, the Distributor bears all expenses of providing services, including costs of
C-18
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
sales presentations, mailings, advertisements, and other marketing efforts by the Distributor in connection with the distribution or sale of the Trusts shares and makes distribution and/or service payments to selling groups in connection with the sale of certain of the Trusts shares and subsequent servicing needs of shareholders provided by selling groups.
The Distributor receives distribution and service fees for Class C shares pursuant to a distribution and service plan as adopted in accordance with Rule 12b-1 (12b-1) under the 1940 Act (the Class C 12b-1 Plans). The Distributor also receives service fees pursuant to a non-12b-1 service plan for Class A shares (the Class A Service Plan). The Distributor receives distribution and/or service fees from each applicable Fund and share class, which are based on the following annual percentages of average daily net assets:
Plan | Distribution Fee Rate |
Service Fee Rate | ||
Class C 12b-1 Plan | 0.75% | 0.25% | ||
Class A Service Plan | 0.25% |
There are no distribution and/or service fees for Class I, Class P, Advisor Class and Class R6 shares. The distribution and service fees are accrued daily. For the period ended September 30, 2021, the Distributor, acting as underwriter, received net commissions (front-end sales charges) of $2,582,684 from the sale of Class A shares and received $25,519 in CDSC from redemptions of Class A and Class C shares.
7. TRANSACTIONS WITH AFFILIATES
A. ADVISORY FEES, ADMINISTRATION FEES, DISTRIBUTION AND/OR SERVICE FEES
The Investment Adviser, the Distributor, and Pacific Life are related parties. For the period ended September 30, 2021, the advisory fees earned by the Investment Adviser (including any advisory fee waiver), the administration fees earned by Pacific Life, and the distribution and/or service fees earned by the Distributor are presented in the Statements of Operations. The amounts of each of these fees that remained payable as of September 30, 2021 are presented in the Statements of Assets and Liabilities.
B. EXPENSE LIMITATION AGREEMENTS
To help limit the Trusts expenses, PLFA has contractually agreed to reimburse each Fund for certain operating expenses that exceed an annual rate based on a percentage of a Funds average daily net assets (expense cap). These operating expenses include, but are not limited to: the administration fee and expenses; organizational expenses; custody expenses; expenses for external audit, tax, legal and accounting and sub-administration services; the preparation, printing, filing and mailing costs of prospectuses, shareholder reports, and other regulatory documents to existing shareholders, as applicable; and independent trustees fees and expenses.
These operating expenses do not include: advisory fees; distribution and/or service fees; dividends on securities sold short; acquired fund fees and expenses; interest (including commitment fees); taxes (including foreign taxes on dividends, interest or gains); brokerage commissions and other transactional expenses; and expenses for extraordinary matters such as litigation expenses, liquidation expenses, reorganization expenses, and other expenses not incurred in the ordinary course of a Funds business. The expense cap for the Class P shares of the PF Underlying Funds (except the PF Multi-Asset and PF International Small-Cap Funds) is 0.15% through July 31, 2022 and 0.30% thereafter through July 31, 2023. The expense cap for the PF Multi-Asset Fund is 0.16% through July 31, 2022. The expense cap for the PF International Small-Cap Fund is 0.25% through July 31, 2022. The expense caps for each Portfolio Optimization Fund, PF Fixed Income Fund and PF US Equity Fund per share class are as follows:
Fund | Share Class | Expense Caps | ||
Portfolio Optimization Funds | A, C, and Advisor | 0.15% through 7/31/2022 and 0.30% thereafter through 7/31/2023 | ||
Pacific Funds Ultra Short Income | I and Advisor | 0.07% through 7/31/2022 | ||
Pacific Funds Short Duration Income | A, C, I, and Advisor | 0.10% through 7/31/2022 | ||
Pacific Funds Core Income | A and C | 0.10% through 7/31/2022 | ||
I, Advisor, and P | 0.05% through 7/31/2022 | |||
Pacific Funds Strategic Income | A and Advisor | 0.10% through 7/31/2022 | ||
C and I | 0.05% through 7/31/2022 | |||
Pacific Funds Floating Rate Income | A and Advisor | 0.10% through 7/31/2022 | ||
C, I, and P | 0.05% through 7/31/2022 | |||
Pacific Funds High Income | A, I, Advisor, and P | 0.10% through 7/31/2022 | ||
C | 0.05% through 7/31/2022 | |||
Pacific Funds ESG Core Bond | I and Advisor | 0.10% through 7/31/2022 | ||
Pacific Funds Small/Mid-Cap | A, C and Advisor | 0.20% through 7/31/2022 | ||
Pacific Funds Small-Cap
Pacific Funds Small-Cap Value |
R6 | 0.10% through 7/31/2022 |
There is no guarantee that PLFA will continue to cap expenses for a Fund upon the expiration of the expense cap. In addition, any expense reimbursements made by PLFA to a Fund are subject to recoupment by PLFA from such Fund in future periods, not to exceed three years from the date on which the reimbursement took place, provided that the recoupment, along with the other expenses subject to the expense cap, would be limited to the lesser of: (i) the expense cap in effect at the time of the reimbursement or (ii) the expense cap in effect at the time of recoupment. Any amounts repaid to PLFA will have the effect of increasing such expenses of the applicable Fund, but not above the expense cap. The amounts of adviser reimbursement to each applicable Fund for the period ended September 30, 2021 are presented in the Statements of Operations. Any amounts that remained due from the Investment Adviser as of September 30, 2021 are presented in the Statements of Assets and Liabilities.
C-19
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
The cumulative expense reimbursement amounts, if any, as of September 30, 2021 that are subject to recoupment by PLFA from the Funds are as follows:
Expiration Date | ||||||||||||||||
Fund | 3/31/2022 | 3/31/2023 | 3/31/2024 | 3/31/2025 | ||||||||||||
Pacific Funds Portfolio Optimization Conservative |
$230,770 | $197,838 | $173,374 | $86,295 | ||||||||||||
Pacific Funds Portfolio Optimization Moderate-Conservative |
305,325 | 249,902 | 209,189 | 95,868 | ||||||||||||
Pacific Funds Portfolio Optimization Moderate |
774,354 | 612,516 | 416,943 | 189,905 | ||||||||||||
Pacific Funds Portfolio Optimization Growth |
602,203 | 493,143 | 344,023 | 164,525 | ||||||||||||
Pacific Funds Portfolio Optimization Aggressive-Growth |
253,140 | 226,029 | 190,351 | 95,468 | ||||||||||||
Pacific Funds Ultra Short Income |
115,776 | 112,238 | 56,138 | |||||||||||||
Pacific Funds Short Duration Income |
1,385,844 | 2,174,161 | 1,444,108 | 720,929 | ||||||||||||
Pacific Funds Core Income |
1,843,904 | 2,204,086 | 1,935,705 | 950,915 | ||||||||||||
Pacific Funds ESG Core Bond |
36,149 | 50,784 | ||||||||||||||
Pacific Funds Strategic Income |
1,612,421 | 1,718,677 | 1,086,189 | 695,705 | ||||||||||||
Pacific Funds Floating Rate Income |
4,391,138 | 3,637,709 | 2,383,395 | 1,638,326 | ||||||||||||
Pacific Funds High Income |
169,374 | 253,239 | 286,291 | 143,769 | ||||||||||||
Pacific Funds Small/Mid-Cap |
493,273 | 516,716 | 139,311 | 57,855 | ||||||||||||
Pacific Funds Small-Cap |
94,696 | 91,474 | 96,729 | 44,939 | ||||||||||||
Pacific Funds Small-Cap Value |
90,131 | 89,955 | 95,048 | 44,366 | ||||||||||||
PF Inflation Managed |
58,726 | 61,646 | 57,500 | 31,345 | ||||||||||||
PF Managed Bond |
443,715 | 472,703 | 547,131 | 291,183 | ||||||||||||
PF Short Duration Bond |
119,957 | 156,485 | 151,919 | 60,138 | ||||||||||||
PF Emerging Markets Debt |
124,856 | 133,378 | 168,623 | 68,043 | ||||||||||||
PF Growth |
112,913 | 136,249 | 148,484 | 68,400 | ||||||||||||
PF Large-Cap Value |
118,375 | 125,113 | 132,370 | 62,981 | ||||||||||||
PF Small-Cap Growth |
14,826 | 31,688 | 52,425 | 36,667 | ||||||||||||
PF Small-Cap Value |
53,658 | 60,545 | 64,489 | 48,739 | ||||||||||||
PF Emerging Markets |
310,434 | 309,200 | 261,447 | 132,140 | ||||||||||||
PF International Large-Cap |
124,692 | 163,188 | 134,071 | 68,723 | ||||||||||||
PF International Small-Cap |
60,110 | 79,456 | 78,680 | 32,504 | ||||||||||||
PF International Value |
154,717 | 170,154 | 142,097 | 66,118 | ||||||||||||
PF Multi-Asset |
609,033 | 588,849 | 666,818 | 296,730 | ||||||||||||
PF Real Estate |
30,395 | 69,513 | 47,068 | 21,316 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$14,582,980 | $15,139,388 | $11,602,165 | $6,320,814 | ||||||||||||
|
|
|
|
|
|
|
|
There was no recoupment of expense reimbursement by PLFA from any Funds for the period ended September 30, 2021.
C. INVESTMENTS IN AFFILIATED FUNDS
As of September 30, 2021, each of the Portfolio Optimization Funds (aggregate of all share classes) owned Class P shares in each of the applicable affiliated PF Underlying Funds, Pacific Funds Core Income, Pacific Funds Floating Rate Income and/or Pacific Funds High Income. A summary of holdings and transactions with affiliated mutual fund investments as of and for the period ended September 30, 2021 is as follows:
Fund/Underlying Fund | Beginning Value as of April 1, 2021 |
Purchase Cost (1) |
Distributions Received and Reinvested (2) |
Sales Proceeds |
Net Realized |
Change in Appreciation |
As of September 30, 2021 | |||||||||||||||||||||||||
Ending Value |
Shares Balance |
|||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Conservative |
|
|||||||||||||||||||||||||||||||
Pacific Funds Core Income |
$8,135,956 | $98,171 | $86,162 | $392,717 | ($2,751 | ) | $111,555 | $8,036,376 | 706,185 | |||||||||||||||||||||||
Pacific Funds Floating Rate Income |
2,499,111 | 45,077 | 50,721 | 126,591 | 3,234 | 9,527 | 2,481,079 | 253,689 | ||||||||||||||||||||||||
Pacific Funds High Income |
26,407,784 | 276,279 | 637,547 | 1,464,735 | 17,207 | 215,024 | 26,089,106 | 2,525,567 | ||||||||||||||||||||||||
PF Inflation Managed |
13,788,608 | 118,718 | | 916,945 | 26,039 | 636,777 | 13,653,197 | 1,316,605 | ||||||||||||||||||||||||
PF Managed Bond |
99,416,259 | 1,054,405 | | 4,922,234 | (247,910 | ) | 2,878,532 | 98,179,052 | 8,765,987 | |||||||||||||||||||||||
PF Short Duration Bond |
28,680,120 | 808,544 | | 1,369,330 | 17,331 | 67,121 | 28,203,786 | 2,773,234 | ||||||||||||||||||||||||
PF Emerging Markets Debt |
12,319,162 | 232,749 | | 762,987 | (5,262 | ) | 464,720 | 12,248,382 | 1,432,559 | |||||||||||||||||||||||
PF Growth |
1,271,912 | 10,792 | | 206,740 | 40,130 | 137,093 | 1,253,187 | 36,032 | ||||||||||||||||||||||||
PF Large-Cap Value |
5,553,329 | 50,193 | | 538,626 | 41,084 | 338,492 | 5,444,472 | 414,343 | ||||||||||||||||||||||||
PF Small-Cap Growth |
2,463,945 | 37,080 | | 201,803 | 6,261 | 149,361 | 2,454,844 | 106,362 | ||||||||||||||||||||||||
PF Small-Cap Value |
4,856,817 | 149,406 | | 299,575 | 64,257 | 72,765 | 4,843,670 | 435,582 | ||||||||||||||||||||||||
PF Emerging Markets |
6,136,048 | 471,198 | | 331,153 | (3,987 | ) | (339,595 | ) | 5,932,511 | 423,448 | ||||||||||||||||||||||
PF International Small-Cap |
1,248,783 | 18,915 | | 119,133 | 54,958 | 20,934 | 1,224,457 | 99,307 | ||||||||||||||||||||||||
PF Multi-Asset |
37,130,175 | 319,460 | | 3,762,901 | 1,052,391 | 1,762,759 | 36,501,884 | 2,624,147 | ||||||||||||||||||||||||
$249,908,009 | $3,690,987 | $774,430 | $15,415,470 | $1,062,982 | $6,525,065 | $246,546,003 |
C-20
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
Fund/Underlying Fund | Beginning Value as of April 1, 2021 |
Purchase Cost (1) |
Distributions Received and Reinvested (2) |
Sales Proceeds |
Net Realized |
Change in Appreciation |
As of September 30, 2021 | |||||||||||||||||||||||||
Ending Value |
Shares Balance |
|||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate-Conservative |
|
|||||||||||||||||||||||||||||||
Pacific Funds Core Income |
$8,910,746 | $44,115 | $94,574 | $307,226 | ($2,241 | ) | $121,060 | $8,861,028 | 778,649 | |||||||||||||||||||||||
Pacific Funds Floating Rate Income |
1,678,420 | 8,557 | 35,285 | 59,211 | 1,514 | 7,054 | 1,671,619 | 170,922 | ||||||||||||||||||||||||
Pacific Funds High Income |
25,336,856 | 95,462 | 614,944 | 943,630 | 8,761 | 214,063 | 25,326,456 | 2,451,738 | ||||||||||||||||||||||||
PF Inflation Managed |
8,418,047 | 24,883 | | 390,107 | 9,092 | 395,025 | 8,456,940 | 815,520 | ||||||||||||||||||||||||
PF Managed Bond |
108,676,585 | 494,888 | | 3,895,676 | (209,340 | ) | 3,081,673 | 108,148,130 | 9,656,083 | |||||||||||||||||||||||
PF Short Duration Bond |
23,450,928 | 172,540 | | 809,456 | 14,415 | 54,347 | 22,882,774 | 2,250,027 | ||||||||||||||||||||||||
PF Emerging Markets Debt |
13,239,973 | 52,261 | | 537,645 | (8,821 | ) | 496,983 | 13,242,751 | 1,548,860 | |||||||||||||||||||||||
PF Growth |
9,910,306 | 22,514 | | 1,303,962 | 266,780 | 1,113,661 | 10,009,299 | 287,789 | ||||||||||||||||||||||||
PF Large-Cap Value |
17,465,964 | 39,981 | | 1,297,330 | 110,384 | 1,074,179 | 17,393,178 | 1,323,682 | ||||||||||||||||||||||||
PF Small-Cap Growth |
4,967,737 | 17,143 | | 302,093 | 5,843 | 313,154 | 5,001,784 | 216,715 | ||||||||||||||||||||||||
PF Small-Cap Value |
8,163,518 | 47,913 | | 361,672 | 85,724 | 136,084 | 8,071,567 | 725,860 | ||||||||||||||||||||||||
PF Emerging Markets |
13,195,967 | 167,694 | | 481,373 | 73,792 | (817,469 | ) | 12,138,611 | 866,425 | |||||||||||||||||||||||
PF International Large-Cap |
3,490,322 | 10,659 | | 230,803 | 13,794 | 215,877 | 3,499,849 | 285,004 | ||||||||||||||||||||||||
PF International Small-Cap |
3,355,877 | 9,211 | | 244,891 | 17,394 | 185,506 | 3,323,097 | 269,513 | ||||||||||||||||||||||||
PF International Value |
1,811,011 | 9,120 | | 81,368 | 9,911 | 99,492 | 1,848,166 | 216,413 | ||||||||||||||||||||||||
PF Multi-Asset |
82,083,174 | 189,039 | | 6,742,015 | 2,031,867 | 4,181,323 | 81,743,388 | 5,876,591 | ||||||||||||||||||||||||
PF Real Estate |
1,709,047 | 3,881 | | 223,587 | 52,578 | 188,963 | 1,730,882 | 111,598 | ||||||||||||||||||||||||
$335,864,478 | $1,409,861 | $744,803 | $18,212,045 | $2,481,447 | $11,060,975 | $333,349,519 | ||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate |
|
|||||||||||||||||||||||||||||||
Pacific Funds Core Income |
$19,943,673 | $80,146 | $213,156 | $509,712 | ($3,017 | ) | $269,892 | $19,994,138 | 1,756,954 | |||||||||||||||||||||||
Pacific Funds Floating Rate Income |
5,380,649 | 20,047 | 113,652 | 142,256 | (6,257 | ) | 33,865 | 5,399,700 | 552,117 | |||||||||||||||||||||||
Pacific Funds High Income |
54,153,669 | 176,659 | 1,324,180 | 1,405,767 | 4,635 | 471,945 | 54,725,321 | 5,297,708 | ||||||||||||||||||||||||
PF Inflation Managed |
10,795,352 | 39,032 | | 315,629 | 6,889 | 513,703 | 11,039,347 | 1,064,546 | ||||||||||||||||||||||||
PF Managed Bond |
243,946,530 | 931,581 | | 6,240,492 | (323,610 | ) | 6,796,648 | 245,110,657 | 21,884,880 | |||||||||||||||||||||||
PF Short Duration Bond |
32,221,674 | 158,763 | | 826,549 | 1,643 | 93,232 | 31,648,763 | 3,111,973 | ||||||||||||||||||||||||
PF Emerging Markets Debt |
21,223,422 | 69,780 | | 551,038 | (3,224 | ) | 782,221 | 21,521,161 | 2,517,095 | |||||||||||||||||||||||
PF Growth |
55,875,727 | 93,597 | | 5,902,412 | 847,355 | 6,938,038 | 57,852,305 | 1,663,379 | ||||||||||||||||||||||||
PF Large-Cap Value |
60,345,894 | 108,845 | | 3,725,395 | 848,401 | 3,244,720 | 60,822,465 | 4,628,803 | ||||||||||||||||||||||||
PF Small-Cap Growth |
21,234,933 | 54,753 | | 833,570 | 18,315 | 1,347,393 | 21,821,824 | 945,486 | ||||||||||||||||||||||||
PF Small-Cap Value |
36,640,527 | 210,592 | | 1,212,871 | 302,094 | 694,772 | 36,635,114 | 3,294,525 | ||||||||||||||||||||||||
PF Emerging Markets |
47,593,965 | 335,377 | | 1,239,829 | (17,139 | ) | (2,701,560 | ) | 43,970,814 | 3,138,531 | ||||||||||||||||||||||
PF International Large-Cap |
12,255,700 | 31,484 | | 533,985 | 63,076 | 741,461 | 12,557,736 | 1,022,617 | ||||||||||||||||||||||||
PF International Small-Cap |
10,758,960 | 18,352 | | 561,096 | 133,873 | 515,809 | 10,865,898 | 881,257 | ||||||||||||||||||||||||
PF International Value |
6,333,898 | 31,965 | | 210,316 | 25,826 | 358,279 | 6,539,652 | 765,767 | ||||||||||||||||||||||||
PF Multi-Asset |
433,374,976 | 735,931 | | 28,102,016 | 5,018,652 | 27,946,371 | 438,973,914 | 31,558,153 | ||||||||||||||||||||||||
PF Real Estate |
5,479,322 | 9,176 | | 573,747 | 341,515 | 432,196 | 5,688,462 | 366,761 | ||||||||||||||||||||||||
$1,077,558,871 | $3,106,080 | $1,650,988 | $52,886,680 | $7,259,027 | $48,478,985 | $1,085,167,271 | ||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Growth |
|
|||||||||||||||||||||||||||||||
Pacific Funds Core Income |
$8,810,631 | $24,250 | $99,305 | $256,880 | ($1,604 | ) | $119,243 | $8,794,945 | 772,842 | |||||||||||||||||||||||
Pacific Funds High Income |
35,407,320 | 98,520 | 862,720 | 1,027,636 | 8,799 | 302,336 | 35,652,059 | 3,451,313 | ||||||||||||||||||||||||
PF Managed Bond |
105,628,480 | 332,170 | | 3,082,909 | (160,163 | ) | 2,955,983 | 105,673,561 | 9,435,139 | |||||||||||||||||||||||
PF Short Duration Bond |
13,167,120 | 63,975 | | 385,361 | 876 | 37,885 | 12,884,495 | 1,266,912 | ||||||||||||||||||||||||
PF Emerging Markets Debt |
13,009,011 | 32,744 | | 385,360 | 368 | 478,028 | 13,134,791 | 1,536,232 | ||||||||||||||||||||||||
PF Growth |
77,006,525 | 76,919 | | 7,693,756 | 1,203,205 | 9,468,189 | 80,061,082 | 2,301,928 | ||||||||||||||||||||||||
PF Large-Cap Value |
71,092,979 | 87,217 | | 3,923,223 | 304,096 | 4,508,790 | 72,069,859 | 5,484,769 | ||||||||||||||||||||||||
PF Small-Cap Growth |
21,693,223 | 29,468 | | 752,512 | 10,088 | 1,376,950 | 22,357,217 | 968,684 | ||||||||||||||||||||||||
PF Small-Cap Value |
42,779,195 | 250,505 | | 1,356,409 | 361,113 | 801,850 | 42,836,254 | 3,852,181 | ||||||||||||||||||||||||
PF Emerging Markets |
51,862,738 | 398,183 | | 1,541,456 | (18,431 | ) | (2,929,901 | ) | 47,771,133 | 3,409,788 | ||||||||||||||||||||||
PF International Large-Cap |
22,210,232 | 27,029 | | 880,040 | 74,009 | 1,378,327 | 22,809,557 | 1,857,456 | ||||||||||||||||||||||||
PF International Small-Cap |
13,189,776 | 13,416 | | 608,077 | 121,134 | 671,536 | 13,387,785 | 1,085,790 | ||||||||||||||||||||||||
PF International Value |
22,000,443 | 76,831 | | 771,342 | 23,477 | 1,308,991 | 22,638,400 | 2,650,867 | ||||||||||||||||||||||||
PF Multi-Asset |
369,207,902 | 373,866 | | 19,667,413 | 5,748,376 | 22,282,957 | 377,945,688 | 27,170,790 | ||||||||||||||||||||||||
PF Real Estate |
13,434,845 | 13,416 | | 1,325,066 | 321,156 | 1,567,618 | 14,011,969 | 903,415 | ||||||||||||||||||||||||
$880,500,420 | $1,898,509 | $962,025 | $43,657,440 | $7,996,499 | $44,328,782 | $892,028,795 |
C-21
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
Fund/Underlying Fund | Beginning Value as of April 1, 2021 |
Purchase Cost (1) |
Distributions Received and Reinvested (2) |
Sales Proceeds |
Net Realized |
Change in Appreciation |
As of September 30, 2021 | |||||||||||||||||||||||||
Ending Value |
Shares Balance |
|||||||||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Aggressive-Growth |
|
|||||||||||||||||||||||||||||||
Pacific Funds Core Income |
$335,269 | $439 | $5,703 | $11,248 | ($79 | ) | $4,540 | $334,624 | 29,405 | |||||||||||||||||||||||
Pacific Funds High Income |
5,052,527 | 35,227 | 122,752 | 168,905 | 695 | 43,525 | 5,085,821 | 492,335 | ||||||||||||||||||||||||
PF Managed Bond |
4,689,371 | 34,111 | | 157,645 | (7,699 | ) | 131,456 | 4,689,594 | 418,714 | |||||||||||||||||||||||
PF Emerging Markets Debt |
1,650,123 | 11,291 | | 56,304 | (609 | ) | 61,055 | 1,665,556 | 194,802 | |||||||||||||||||||||||
PF Growth |
35,095,404 | 90,978 | | 2,886,651 | 418,313 | 4,413,650 | 37,131,694 | 1,067,616 | ||||||||||||||||||||||||
PF Large-Cap Value |
17,076,797 | 60,885 | | 888,064 | 58,878 | 1,089,338 | 17,397,834 | 1,324,036 | ||||||||||||||||||||||||
PF Small-Cap Growth |
13,208,345 | 56,291 | | 462,473 | (228 | ) | 839,553 | 13,641,488 | 591,052 | |||||||||||||||||||||||
PF Small-Cap Value |
24,418,766 | 296,375 | | 844,526 | 207,032 | 455,767 | 24,533,414 | 2,206,242 | ||||||||||||||||||||||||
PF Emerging Markets |
23,025,154 | 347,952 | | 788,223 | (9,358 | ) | (1,296,382 | ) | 21,279,143 | 1,518,854 | ||||||||||||||||||||||
PF International Large-Cap |
10,937,470 | 42,453 | | 429,223 | 26,706 | 684,169 | 11,261,575 | 917,066 | ||||||||||||||||||||||||
PF International Small-Cap |
8,365,153 | 24,915 | | 350,642 | 21,740 | 477,298 | 8,538,464 | 692,495 | ||||||||||||||||||||||||
PF International Value |
4,268,046 | 36,761 | | 160,242 | 64,675 | 192,831 | 4,402,071 | 515,465 | ||||||||||||||||||||||||
PF Multi-Asset |
181,667,492 | 477,414 | | 8,244,894 | 2,205,908 | 11,516,358 | 187,622,278 | 13,488,302 | ||||||||||||||||||||||||
PF Real Estate |
5,112,178 | 13,249 | | 420,528 | 115,140 | 597,584 | 5,417,623 | 349,299 | ||||||||||||||||||||||||
$334,902,095 | $1,528,341 | $128,455 | $15,869,568 | $3,101,114 | $19,210,742 | $343,001,179 |
(1) | Purchase cost excludes distributions received and reinvested, if any. |
(2) | Distributions received include distributions from net investment income, if any. |
(3) | Net realized gain (loss) includes capital gains distributions received, if any. |
As of September 30, 2021, Pacific Life owned the following percentages of the total shares outstanding (aggregate of all share classes) of each of the following Funds:
Fund | Ownership Percentage |
|||
Pacific Funds Ultra Short Income |
80.90% | |||
Pacific Funds ESG Core Bond |
89.70% | |||
Pacific Funds Small-Cap Value |
46.46% |
D. INDEPENDENT TRUSTEES
The Trust pays each independent trustee of the Board retainer fees and specified amounts as compensation for various Board and committee services and for chairing those committees. The fees and expenses of the independent trustees of the Board are presented in the Statements of Operations. Each independent trustee of the Board is eligible to participate in the Trusts Deferred Compensation Plan (the Plan). The Plan allows each independent trustee to voluntarily defer receipt of all or a percentage of fees, which otherwise would be payable for services performed. Amounts in the deferral account are obligations of certain Funds of the Trust at the time of such deferral and are payable in accordance with the Plan. A Trustee who defers compensation has the ability to select credit rate options that track the performance, at NAV of Class A and Class P shares of certain series of the Trust without a sales load or at NAV of Class I or Class D shares of the Pacific Select Fund. Pacific Select Fund is a Delaware statutory trust and is registered under the 1940 Act as an open-end management investment company. PLFA is the Investment Adviser to Pacific Select Fund. The obligation of certain Funds of the Trust under the Plan (the DCP Liability) is recorded as a liability (accrued trustees fees and expenses and deferred compensation). Accordingly, the market value appreciation or depreciation on a Funds DCP Liability account will cause the expenses of that Fund to increase or decrease due to market fluctuation. The change in net unrealized appreciation or depreciation on a Funds DCP Liability account is recorded as an increase or decrease to expenses (trustees fees and expenses). For the period ended September 30, 2021, such expenses increased by $16,643 for all applicable Funds as a result of the market value appreciation on such accounts. As of September 30, 2021, the total amount in the DCP Liability accounts for all applicable Funds was $156,159.
E. OFFICERS OF THE TRUST
None of the officers of the Trust received compensation from the Trust.
F. INDEMNIFICATIONS
Under the Trusts organizational documents, its officers and trustees are indemnified against certain liabilities arising out of performance of their duties to the Trust. In addition, the Trust entered into an agreement with each of the trustees which provides that the Trust will indemnify and hold harmless each trustee against any expenses actually and reasonably incurred by any trustee in any proceeding arising out of or in connection with the trustees services to the Trust, to the fullest extent permitted by the Trusts Declaration of Trust and By-Laws, the general trust law of the State of Delaware, the Securities Act of 1933, and the 1940 Act, each as now or hereinafter in force. In the normal course of business, the Trust enters into contracts with service providers and others that contain general indemnification clauses. The Trusts maximum exposure under these arrangements and agreements is dependent on future claims that may be made against the Trust and/or the trustees and, therefore, cannot be estimated; however, based on experience, the risk of loss from such claims is considered remote.
G. INTERFUND TRANSACTIONS
In accordance with Rule 17a-7 under the 1940 Act and applicable Trust policies and procedures, purchase and sale transactions may be conducted between a Fund of the Trust and another Fund of the Trust or certain affiliates of the Trust if conducted at the independent current market price (the last sales price, intra-day price, or average of highest bid/lowest offer, as applicable) on a commission-free basis with no
C-22
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
remuneration paid in connection with the transaction (other than cash payment against prompt delivery). At the quarterly Board meeting subsequent to the purchase and sale transactions taking place, the Board receives a written representation from the Trusts Chief Compliance Officer that the transactions were conducted in compliance with applicable Trust policies and procedures.
For the period ended September 30, 2021, there were no purchase and sale transactions with an affiliated Fund conducted in compliance with Rule 17a-7 under the 1940 Act.
8. COMMITTED LINE OF CREDIT
The Trust has an unsecured $200,000,000 committed revolving line of credit agreement with a syndicate of banks, which is renewed annually. The committed line of credit applies to Pacific Funds Floating Rate Income only. The interest rate on borrowing under the line of credit agreement is the overnight rate (the higher of the Federal Funds Effective Rate or the daily One-Month Eurodollar Rate) plus applicable margin of 1.25%. Pacific Funds Floating Rate Income paid an upfront fee of 0.05% and pays a commitment fee equal to 0.20% per annum on the daily unused portion of the committed line. As of September 30, 2021, the actual interest rate on borrowing by the Trust was 1.33%. For the period ended September 30, 2021 the Trust did not borrow on this line of credit or have any loans outstanding. The commitment fees and interest incurred by Pacific Funds Floating Rate Income are recorded as an expense.
9. PURCHASES AND SALES OF INVESTMENTS
The cost of purchases and proceeds from sales of investments (excluding short-term investments) for the period ended September 30, 2021, are summarized in the following table:
U.S. Government Securities | Other Securities | |||||||||||||||
Fund | Purchases | Sales | Purchases | Sales | ||||||||||||
Pacific Funds Portfolio Optimization Conservative | $ | $ | $4,465,417 | $15,415,470 | ||||||||||||
Pacific Funds Portfolio Optimization Moderate-Conservative | | | 2,154,664 | 18,212,045 | ||||||||||||
Pacific Funds Portfolio Optimization Moderate | | | 4,757,068 | 52,886,680 | ||||||||||||
Pacific Funds Portfolio Optimization Growth | | | 2,860,534 | 43,657,440 | ||||||||||||
Pacific Funds Portfolio Optimization Aggressive-Growth | | | 1,656,796 | 15,869,568 | ||||||||||||
Pacific Funds Ultra Short Income | | | 10,124,161 | 10,168,232 | ||||||||||||
Pacific Funds Short Duration Income | 32,138,174 | | 392,475,335 | 402,330,437 | ||||||||||||
Pacific Funds Core Income | 160,022,812 | 153,686,016 | 276,284,591 | 353,727,704 | ||||||||||||
Pacific Funds ESG Core Bond | 123,535 | 154,832 | 7,144,498 | 4,359,063 | ||||||||||||
Pacific Funds Strategic Income | | | 626,698,788 | 310,444,358 | ||||||||||||
Pacific Funds Floating Rate Income | | | 2,207,200,455 | 1,329,832,766 | ||||||||||||
Pacific Funds High Income | | | 37,925,759 | 36,471,223 | ||||||||||||
Pacific Funds Small/Mid-Cap | | | 55,313,005 | 54,585,704 | ||||||||||||
Pacific Funds Small-Cap | | | 13,658,298 | 4,850,513 | ||||||||||||
Pacific Funds Small-Cap Value | | | 4,068,414 | 4,242,404 | ||||||||||||
PF Inflation Managed | 8,992,131 | 10,354,716 | 1,397,255 | 521,974 | ||||||||||||
PF Managed Bond | 414,072,462 | 427,860,472 | 41,121,359 | 30,216,586 | ||||||||||||
PF Short Duration Bond | 20,910,148 | 17,608,097 | 13,983,578 | 17,445,413 | ||||||||||||
PF Emerging Markets Debt | | | 11,588,899 | 10,645,293 | ||||||||||||
PF Growth | | | 9,381,402 | 27,263,633 | ||||||||||||
PF Large-Cap Value | | | 6,210,562 | 15,090,824 | ||||||||||||
PF Small-Cap Growth | | | 23,436,536 | 25,848,445 | ||||||||||||
PF Small-Cap Value | | | 26,556,898 | 28,800,465 | ||||||||||||
PF Emerging Markets | | | 30,870,787 | 33,821,379 | ||||||||||||
PF International Large-Cap | | | 2,017,986 | 3,490,273 | ||||||||||||
PF International Small-Cap | | | 6,915,696 | 8,494,919 | ||||||||||||
PF International Value | | | 3,712,483 | 4,363,702 | ||||||||||||
PF Multi-Asset | 30,016,406 | 18,000,000 | 211,951,306 | 149,127,007 | ||||||||||||
PF Real Estate | | | 3,954,105 | 6,006,396 |
10. SECURED BORROWINGS
The contractual maturity of secured borrowings and type of collateral pledged as of September 30, 2021, are summarized in the following table:
Remaining Contractual Maturity of the Agreements | ||||||||||||||||||||||
Secured Borrowings | Collateral Type | Overnight and Continuous |
Up to 30 days | 31-90 days | Greater Than 90 Days |
Total | ||||||||||||||||
PF Inflation Managed |
||||||||||||||||||||||
Sale-buyback financing transactions |
U.S. Treasury Obligations |
$1,792,357 | $4,156,724 | $ | $ | $5,949,081 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Total borrowings |
$1,792,357 | $4,156,724 | $ | $ | $5,949,081 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
C-23
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
11. FEDERAL INCOME TAX INFORMATION
Each Fund intends to qualify each year as a regulated investment company (RIC) under Subchapter M of the Internal Revenue Code (the Code). A Fund that qualifies as a RIC does not have to pay income tax as long as it distributes sufficient taxable income and net capital gains. Each Fund declared and paid sufficient dividends on net investment income and capital gains distributions during the fiscal year ended March 31, 2021, to qualify as a RIC and is not required to pay Federal income tax under the Code. Accordingly, no provision for Federal income taxes is required in the financial statements. Required distributions are based on net investment income and net realized gains determined in accordance with income tax regulations, which may differ from U.S. GAAP for financial reporting purposes. These differences are primarily due to differing treatments for short-term capital gain distributions received, late year ordinary and post-October capital losses, capital loss carryforwards, and losses deferred due to wash sales. Permanent book and tax differences relating to shareholder distributions will result in reclassifications of capital accounts. In addition, the year in which amounts are distributed may differ from the year in which the net investment income is earned and the net gains are realized by each Fund.
The following table shows the accumulated capital losses and components of distributable earnings on a tax basis, and late year ordinary losses and post-October capital losses deferred, if any, for tax purposes as of March 31, 2021:
Distributable Earning | Late-Year Ordinary
and Post-October Losses Deferrals |
|||||||||||||||||||||||||||||||
Fund | Accumulated Capital Losses |
Undistributed Ordinary Income |
Undistributed Long-Term Capital Gains |
Late-Year Ordinary Losses |
Short-Term Capital Losses |
Long-Term Capital Losses |
Total | |||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Conservative |
$ | $585,040 | $2,465,905 | $ | $ | $ | $ | |||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate-Conservative |
| | 11,102,798 | | | | | |||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate |
| | 50,913,751 | | | | | |||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Growth |
| 109,524 | 56,085,797 | | | | | |||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Aggressive-Growth |
| | 21,359,451 | | | | | |||||||||||||||||||||||||
Pacific Funds Ultra Short Income |
| 80,339 | 48,035 | | | | | |||||||||||||||||||||||||
Pacific Funds Short Duration Income |
| 2,690,654 | 2,821,205 | | | | | |||||||||||||||||||||||||
Pacific Funds Core Income |
| 6,220,399 | 7,211,097 | | | | | |||||||||||||||||||||||||
Pacific Funds ESG Core Bond |
(41,744 | ) | 2,762 | | | | | | ||||||||||||||||||||||||
Pacific Funds Strategic Income |
(1,500,711 | ) | 621,949 | | | | | | ||||||||||||||||||||||||
Pacific Funds Floating Rate Income |
(129,696,352 | ) | 1,144,484 | | | | | | ||||||||||||||||||||||||
Pacific Funds High Income |
(8,783,771 | ) | 73,452 | | | | | | ||||||||||||||||||||||||
Pacific Funds Small/Mid-Cap |
| | 674,320 | 376,946 | | | 376,946 | |||||||||||||||||||||||||
Pacific Funds Small-Cap |
(108,798 | ) | | | 25,887 | | | 25,887 | ||||||||||||||||||||||||
Pacific Funds Small-Cap Value |
(1,115,440 | ) | | | 19,494 | | | 19,494 | ||||||||||||||||||||||||
PF Inflation Managed |
(7,035,049 | ) | | | | | | | ||||||||||||||||||||||||
PF Managed Bond |
| 4,008,863 | | | 2,300,272 | | 2,300,272 | |||||||||||||||||||||||||
PF Short Duration Bond |
(308,442 | ) | 245,320 | | | | | | ||||||||||||||||||||||||
PF Emerging Markets Debt |
(5,063,753 | ) | | | | | | | ||||||||||||||||||||||||
PF Growth |
| 247,682 | 11,278,341 | | | | | |||||||||||||||||||||||||
PF Large-Cap Value |
| 1,905,524 | 10,375,806 | | | | | |||||||||||||||||||||||||
PF Small-Cap Growth |
| 2,916,002 | 406,457 | | | | | |||||||||||||||||||||||||
PF Small-Cap Value |
| 1,930,523 | | | | | | |||||||||||||||||||||||||
PF Emerging Markets |
| 4,708,902 | 5,178,429 | | | | | |||||||||||||||||||||||||
PF International Large-Cap |
| 450,955 | 1,812,943 | | | | | |||||||||||||||||||||||||
PF International Small-Cap |
(3,509,900 | ) | 1,195,027 | | | | | | ||||||||||||||||||||||||
PF International Value |
(4,022,726 | ) | | | | | | | ||||||||||||||||||||||||
PF Multi-Asset |
| 31,688,420 | 140,491,518 | | | | | |||||||||||||||||||||||||
PF Real Estate |
(2,901,132 | ) | | | | | | |
Accumulated capital losses represent net capital loss carryovers as of March 31, 2021 that may be available to offset future realized capital gains and thereby reduce future capital gains distributions. The following table shows the amounts of capital loss carryover, if any, by each of the applicable Funds as of March 31, 2021 and capital loss carryover from prior years utilized during the fiscal year or period ended March 31, 2021:
Unlimited Period of Net Capital Loss Carryover |
Accumulated Capital Loss Carryover |
Capital Loss Carryover Utilized During the Year or Period Ended March 31, 2021 |
||||||||||||||
Fund | Short Term | Long Term | ||||||||||||||
Pacific Funds Portfolio Optimization Conservative |
$ | $ | $ | $2,102,994 | ||||||||||||
Pacific Funds Short Duration Income |
| | | 6,444,892 | ||||||||||||
Pacific Funds Core Income |
| | | 21,043,536 | ||||||||||||
Pacific Funds ESG Core Bond |
(41,744 | ) | | (41,744 | ) | | ||||||||||
Pacific Funds Strategic Income |
| (1,500,711 | ) | (1,500,711 | ) | 5,806,918 | ||||||||||
Pacific Funds Floating Rate Income |
(32,630,094 | ) | (97,066,258 | ) | (129,696,352 | ) | | |||||||||
Pacific Funds High Income |
(2,706,898 | ) | (6,076,873 | ) | (8,783,771 | ) | 2,026,651 | |||||||||
Pacific Funds Small/Mid-Cap |
| | | 15,852,377 | ||||||||||||
Pacific Funds Small-Cap |
(108,798 | ) | | (108,798 | ) | 1,112,127 | ||||||||||
Pacific Funds Small-Cap Value |
(1,115,440 | ) | | (1,115,440 | ) | 250,730 | ||||||||||
PF Inflation Managed |
| (7,035,049 | ) | (7,035,049 | ) | 1,056,587 | ||||||||||
PF Short Duration Bond |
| (308,442 | ) | (308,442 | ) | 1,454,271 | ||||||||||
PF Emerging Markets Debt |
| (5,063,753 | ) | (5,063,753 | ) | 2,883,489 | ||||||||||
PF International Small-Cap |
(3,509,900 | ) | | (3,509,900 | ) | 3,699,062 | ||||||||||
PF International Value |
(589,224 | ) | (3,433,502 | ) | (4,022,726 | ) | | |||||||||
PF Multi-Asset |
| | | 22,988,577 | ||||||||||||
PF Real Estate |
(2,901,132 | ) | | (2,901,132 | ) | |
C-24
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
The aggregate cost of investments and the composition of unrealized appreciation and depreciation on investments and net unrealized appreciation and/or depreciation on derivatives for Federal income tax purposes as of September 30, 2021, were as follows:
Fund | Total Cost of Investments on Tax Basis (1) |
Gross Unrealized Appreciation on Investments |
Gross Unrealized Depreciation on Investments |
Net Unrealized Appreciation (Depreciation) on Investments |
Net Unrealized Appreciation (Depreciation) on Other (2) |
Net Unrealized Appreciation (Depreciation) |
||||||||||||||||||
Pacific Funds Portfolio Optimization Conservative |
$215,280,469 | $31,265,534 | $ | $31,265,534 | $ | $31,265,534 | ||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate-Conservative |
277,964,264 | 55,385,255 | | 55,385,255 | | 55,385,255 | ||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate |
819,716,161 | 265,551,509 | (100,399 | ) | 265,451,110 | | 265,451,110 | |||||||||||||||||
Pacific Funds Portfolio Optimization Growth |
651,951,408 | 240,077,387 | | 240,077,387 | | 240,077,387 | ||||||||||||||||||
Pacific Funds Portfolio Optimization Aggressive-Growth |
238,288,471 | 104,712,708 | | 104,712,708 | | 104,712,708 | ||||||||||||||||||
Pacific Funds Ultra Short Income |
32,347,676 | 115,464 | (11,025 | ) | 104,439 | | 104,439 | |||||||||||||||||
Pacific Funds Short Duration Income |
1,221,279,302 | 11,684,921 | (1,120,936 | ) | 10,563,985 | 2,494 | 10,566,479 | |||||||||||||||||
Pacific Funds Core Income |
1,169,298,336 | 24,617,278 | (9,095,556 | ) | 15,521,722 | 2,494 | 15,524,216 | |||||||||||||||||
Pacific Funds ESG Core Bond |
28,325,327 | 70,847 | (397,005 | ) | (326,158 | ) | | (326,158 | ) | |||||||||||||||
Pacific Funds Strategic Income |
1,359,108,804 | 34,685,654 | (5,710,793 | ) | 28,974,861 | (1,407 | ) | 28,973,454 | ||||||||||||||||
Pacific Funds Floating Rate Income |
2,992,985,267 | 17,566,494 | (2,706,690 | ) | 14,859,804 | 17,750 | 14,877,554 | |||||||||||||||||
Pacific Funds High Income |
157,286,402 | 8,171,270 | (941,572 | ) | 7,229,698 | (131 | ) | 7,229,567 | ||||||||||||||||
Pacific Funds Small/Mid-Cap |
257,194,912 | 105,407,360 | (9,163,628 | ) | 96,243,732 | | 96,243,732 | |||||||||||||||||
Pacific Funds Small-Cap |
21,864,187 | 4,468,340 | (977,158 | ) | 3,491,182 | | 3,491,182 | |||||||||||||||||
Pacific Funds Small-Cap Value |
14,788,293 | 4,343,399 | (520,500 | ) | 3,822,899 | | 3,822,899 | |||||||||||||||||
PF Inflation Managed |
38,175,888 | 1,732,779 | (605,561 | ) | 1,127,218 | 34,740 | 1,161,958 | |||||||||||||||||
PF Managed Bond |
577,539,002 | 11,236,010 | (10,536,744 | ) | 699,266 | (764,765 | ) | (65,499 | ) | |||||||||||||||
PF Short Duration Bond |
95,018,226 | 1,075,857 | (91,635 | ) | 984,222 | 30,988 | 1,015,210 | |||||||||||||||||
PF Emerging Markets Debt |
62,590,542 | 2,855,118 | (4,794,624 | ) | (1,939,506 | ) | (92,009 | ) | (2,031,515 | ) | ||||||||||||||
PF Growth |
61,679,355 | 123,973,049 | (501,310 | ) | 123,471,739 | | 123,471,739 | |||||||||||||||||
PF Large-Cap Value |
88,243,261 | 85,216,103 | (228,077 | ) | 84,988,026 | | 84,988,026 | |||||||||||||||||
PF Small-Cap Growth |
58,632,088 | 10,694,742 | (3,509,477 | ) | 7,185,265 | 57 | 7,185,322 | |||||||||||||||||
PF Small-Cap Value |
86,615,801 | 31,910,824 | (1,355,667 | ) | 30,555,157 | | 30,555,157 | |||||||||||||||||
PF Emerging Markets |
89,002,963 | 52,454,225 | (6,733,172 | ) | 45,721,053 | (962,116 | ) | 44,758,937 | ||||||||||||||||
PF International Large-Cap |
25,070,692 | 24,981,551 | (256,665 | ) | 24,724,886 | (54,647 | ) | 24,670,239 | ||||||||||||||||
PF International Small-Cap |
26,808,820 | 11,222,261 | (1,089,913 | ) | 10,132,348 | (5,412 | ) | 10,126,936 | ||||||||||||||||
PF International Value |
30,671,994 | 5,321,915 | (1,019,902 | ) | 4,302,013 | 1,694 | 4,303,707 | |||||||||||||||||
PF Multi-Asset |
1,031,461,029 | 7,041,465 | (265,248 | ) | 6,776,217 | 102,267,091 | 109,043,308 | |||||||||||||||||
PF Real Estate |
17,921,467 | 9,114,030 | (205,734 | ) | 8,908,296 | | 8,908,296 |
(1) | The difference between the total cost of investments on tax basis and investments, at cost, as presented in the Statements of Assets and Liabilities is primarily due to wash sale loss deferrals. |
(2) | Other includes net appreciation or depreciation on derivatives, unfunded loan commitments, and foreign currencies, if any. |
Each Fund recognizes the financial statement effects of a tax position taken or expected to be taken in a tax return when it is more likely than not, based on the technical merits, that the position will be sustained upon examination by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax liability for unrecognized tax benefits with a corresponding income tax expense. Management has analyzed all open tax years, as defined by the statute of limitations, for all major jurisdictions and has determined that no provision for income tax is required in the financial statements. Each Fund remains subject to examination by Federal and State tax authorities for the returns filed for tax years ended as of and after March 31, 2017.
12. TAX CHARACTER OF DISTRIBUTIONS
The tax character of income and capital gains distributions to shareholders during the period ended September 30, 2021 and the fiscal year or period ended March 31, 2021 were as follows:
For the Six-Month Period Ended September 30, 2021 | For the Year or Period Ended March 31, 2021 | |||||||||||||||||||||||||||||||
Fund | Ordinary Income |
Long-Term Capital Gains |
Total Distributions |
Ordinary Income |
Long-Term Capital Gains |
Return of Capital |
Total Distributions |
|||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Conservative |
$ | $ | $ | $6,724,180 | $ | $ | $6,724,180 | |||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate-Conservative |
| | | 8,082,625 | 135,673 | | 8,218,298 | |||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Moderate |
| | | 23,696,758 | 8,349,683 | | 32,046,441 | |||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Growth |
| | | 13,724,548 | 8,271,399 | | 21,995,947 | |||||||||||||||||||||||||
Pacific Funds Portfolio Optimization Aggressive-Growth |
| | | 3,437,004 | 7,064,241 | | 10,501,245 | |||||||||||||||||||||||||
Pacific Funds Ultra Short Income |
111,002 | | 111,002 | 403,166 | 9,673 | | 412,839 | |||||||||||||||||||||||||
Pacific Funds Short Duration Income |
7,853,640 | | 7,853,640 | 18,720,253 | | | 18,720,253 | |||||||||||||||||||||||||
Pacific Funds Core Income |
11,836,261 | | 11,836,261 | 31,092,260 | 1,743,297 | | 32,835,557 | |||||||||||||||||||||||||
Pacific Funds ESG Core Bond |
143,992 | | 143,992 | 68,061 | | | 68,061 | |||||||||||||||||||||||||
Pacific Funds Strategic Income |
18,377,430 | | 18,377,430 | 29,219,412 | | | 29,219,412 | |||||||||||||||||||||||||
Pacific Funds Floating Rate Income |
45,398,227 | | 45,398,227 | 57,410,489 | | | 57,410,489 | |||||||||||||||||||||||||
Pacific Funds High Income |
3,992,277 | | 3,992,277 | 8,394,548 | | | 8,394,548 | |||||||||||||||||||||||||
Pacific Funds Small/Mid-Cap |
| | | 725,132 | 216,917 | | 942,049 | |||||||||||||||||||||||||
Pacific Funds Small-Cap |
| | | 8,412 | | | 8,412 | |||||||||||||||||||||||||
Pacific Funds Small-Cap Value |
| | | 102,422 | | | 102,422 | |||||||||||||||||||||||||
PF Inflation Managed |
| | | 411,237 | | | 411,237 |
C-25
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
For the Six-Month Period Ended September 30, 2021 | For the Year or Period Ended March 31, 2021 | |||||||||||||||||||||||||||||||
Fund | Ordinary Income |
Long-Term Capital Gains |
Total Distributions |
Ordinary Income |
Long-Term Capital Gains |
Return of Capital |
Total Distributions |
|||||||||||||||||||||||||
PF Managed Bond |
$ | $ | $ | $27,188,022 | $4,159,022 | $ | $31,347,044 | |||||||||||||||||||||||||
PF Short Duration Bond |
| | | 2,909,983 | | | 2,909,983 | |||||||||||||||||||||||||
PF Emerging Markets Debt |
| | | 2,362,664 | | | 2,362,664 | |||||||||||||||||||||||||
PF Growth |
| | | 2,143,783 | 41,747,879 | | 43,891,662 | |||||||||||||||||||||||||
PF Large-Cap Value |
| | | 5,040,387 | 20,741,707 | | 25,782,094 | |||||||||||||||||||||||||
PF Small-Cap Growth |
| | | 4,020,897 | 2,478,883 | | 6,499,780 | |||||||||||||||||||||||||
PF Small-Cap Value |
| | | 325,166 | | | 325,166 | |||||||||||||||||||||||||
PF Emerging Markets |
| | | 1,260,582 | 2,437,304 | | 3,697,886 | |||||||||||||||||||||||||
PF International Large-Cap |
| | | 1,265,942 | 2,992,554 | | 4,258,496 | |||||||||||||||||||||||||
PF International Small-Cap |
| | | 658,806 | | | 658,806 | |||||||||||||||||||||||||
PF International Value |
| | | 829,970 | | | 829,970 | |||||||||||||||||||||||||
PF Multi-Asset |
| | | 14,603,227 | 39,218,966 | | 53,822,193 | |||||||||||||||||||||||||
PF Real Estate |
| | | 339,852 | | 288,733 | 628,585 |
13. SHARES OF BENEFICIAL INTEREST
Each Fund is authorized to issue an unlimited number of shares of beneficial interest with no par value unless otherwise determined by the trustees of the Board. Changes in shares of beneficial interest of each Fund for the period ended September 30, 2021 and for the fiscal year or period ended March 31, 2021, were as follows:
Pacific Funds
Portfolio Optimization Conservative |
Pacific Funds
Portfolio Optimization Moderate-Conservative |
Pacific Funds
Portfolio Optimization Moderate |
Pacific Funds
Portfolio Optimization Growth |
|||||||||||||||||||||||||||||||||||||||||
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
|||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
824,343 | 3,133,583 | 814,625 | 2,541,820 | 2,128,504 | 4,863,983 | 1,438,885 | 3,410,074 | ||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| 453,642 | | 563,430 | | 1,922,442 | | 1,265,839 | ||||||||||||||||||||||||||||||||||||
Shares repurchased |
(1,278,453 | ) | (3,070,586 | ) | (1,523,316 | ) | (3,753,906 | ) | (4,180,566 | ) | (11,649,669 | ) | (2,943,597 | ) | (8,138,362 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) |
(454,110 | ) | 516,639 | (708,691 | ) | (648,656 | ) | (2,052,062 | ) | (4,863,244 | ) | (1,504,712 | ) | (3,462,449 | ) | |||||||||||||||||||||||||||||
Beginning shares outstanding |
16,705,297 | 16,188,658 | 22,640,090 | 23,288,746 | 62,564,249 | 67,427,493 | 47,942,848 | 51,405,297 | ||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
16,251,187 | 16,705,297 | 21,931,399 | 22,640,090 | 60,512,187 | 62,564,249 | 46,438,136 | 47,942,848 | ||||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
378,193 | 1,037,772 | 155,980 | 388,735 | 493,746 | 877,176 | 288,007 | 935,078 | ||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| 102,719 | | 78,572 | | 282,566 | | 176,810 | ||||||||||||||||||||||||||||||||||||
Shares repurchased |
(761,432 | ) | (1,824,418 | ) | (671,702 | ) | (1,784,656 | ) | (1,773,814 | ) | (4,699,621 | ) | (1,259,840 | ) | (3,139,181 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) |
(383,239 | ) | (683,927 | ) | (515,722 | ) | (1,317,349 | ) | (1,280,068 | ) | (3,539,879 | ) | (971,833 | ) | (2,027,293 | ) | ||||||||||||||||||||||||||||
Beginning shares outstanding |
4,206,449 | 4,890,376 | 3,715,925 | 5,033,274 | 10,211,635 | 13,751,514 | 7,732,160 | 9,759,453 | ||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
3,823,210 | 4,206,449 | 3,200,203 | 3,715,925 | 8,931,567 | 10,211,635 | 6,760,327 | 7,732,160 | ||||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
194,777 | 471,834 | 106,701 | 113,706 | 649,068 | 1,239,561 | 245,675 | 437,631 | ||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| 24,384 | | 14,758 | | 74,211 | | 35,031 | ||||||||||||||||||||||||||||||||||||
Shares repurchased |
(275,785 | ) | (223,359 | ) | (40,009 | ) | (207,949 | ) | (357,720 | ) | (877,646 | ) | (155,375 | ) | (541,814 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) |
(81,008 | ) | 272,859 | 66,692 | (79,485 | ) | 291,348 | 436,126 | 90,300 | (69,152 | ) | |||||||||||||||||||||||||||||||||
Beginning shares outstanding |
981,074 | 708,215 | 486,221 | 565,706 | 2,477,677 | 2,041,551 | 1,290,843 | 1,359,995 | ||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
900,066 | 981,074 | 552,913 | 486,221 | 2,769,025 | 2,477,677 | 1,381,143 | 1,290,843 |
C-26
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
Pacific Funds Portfolio Optimization Aggressive-Growth |
Pacific Funds Ultra Short Income |
Pacific Funds Short Duration Income |
Pacific Funds Core Income |
|||||||||||||||||||||||||||||||||||||||||
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
|||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
533,209 | 1,220,158 | 2,558,049 | 12,538,919 | 1,564,803 | 5,144,767 | ||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| 526,227 | 89,034 | 208,932 | 118,734 | 344,789 | ||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(901,531 | ) | (2,913,938 | ) | (2,678,014 | ) | (8,740,026 | ) | (2,128,716 | ) | (4,389,220 | ) | ||||||||||||||||||||||||||||||||
Net increase (decrease) |
(368,322 | ) | (1,167,553 | ) | (30,931 | ) | 4,007,825 | (445,179 | ) | 1,100,336 | ||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
15,655,832 | 16,823,385 | 19,367,776 | 15,359,951 | 14,375,022 | 13,274,686 | ||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
15,287,510 | 15,655,832 | 19,336,845 | 19,367,776 | 13,929,843 | 14,375,022 | ||||||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
118,525 | 326,942 | 367,499 | 1,549,181 | 254,231 | 1,330,698 | ||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| 80,577 | 8,901 | 36,483 | 21,275 | 90,450 | ||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(483,120 | ) | (1,044,819 | ) | (699,942 | ) | (1,584,825 | ) | (1,048,224 | ) | (2,102,879 | ) | ||||||||||||||||||||||||||||||||
Net increase (decrease) |
(364,595 | ) | (637,300 | ) | (323,542 | ) | 839 | (772,718 | ) | (681,731 | ) | |||||||||||||||||||||||||||||||||
Beginning shares outstanding |
2,583,065 | 3,220,365 | 4,869,674 | 4,868,835 | 4,827,808 | 5,509,539 | ||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
2,218,470 | 2,583,065 | 4,546,132 | 4,869,674 | 4,055,090 | 4,827,808 | ||||||||||||||||||||||||||||||||||||||
Class I |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
| 4,629 | 2,947,628 | 6,460,253 | 2,025,632 | 5,549,240 | ||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
4,413 | 17,722 | 101,001 | 202,068 | 109,303 | 210,691 | ||||||||||||||||||||||||||||||||||||||
Shares repurchased |
| (4,629 | ) | (1,383,055 | ) | (3,822,396 | ) | (1,009,707 | ) | (1,812,081 | ) | |||||||||||||||||||||||||||||||||
Net increase (decrease) |
4,413 | 17,722 | 1,665,574 | 2,839,925 | 1,125,228 | 3,947,850 | ||||||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
1,289,781 | 1,272,059 | 13,445,378 | 10,605,453 | 9,638,945 | 5,691,095 | ||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
1,294,194 | 1,289,781 | 15,110,952 | 13,445,378 | 10,764,173 | 9,638,945 | ||||||||||||||||||||||||||||||||||||||
Class P |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
22,396 | 1,610,458 | ||||||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
43,091 | 103,281 | ||||||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(129,759 | ) | (597,648 | ) | ||||||||||||||||||||||||||||||||||||||||
Net increase (decrease) |
(64,272 | ) | 1,116,091 | |||||||||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
4,108,306 | 2,992,215 | ||||||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
4,044,034 | 4,108,306 | ||||||||||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
87,887 | 310,473 | 191,507 | 782,702 | 22,864,664 | 52,415,830 | 11,405,998 | 40,390,540 | ||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| 28,627 | 6,598 | 23,368 | 510,664 | 1,267,116 | 561,664 | 1,599,233 | ||||||||||||||||||||||||||||||||||||
Shares repurchased |
(70,871 | ) | (340,662 | ) | (123,957 | ) | (260,164 | ) | (21,628,160 | ) | (51,530,741 | ) | (14,630,027 | ) | (34,461,869 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) |
17,016 | (1,562 | ) | 74,148 | 545,906 | 1,747,168 | 2,152,205 | (2,662,365 | ) | 7,527,904 | ||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
838,403 | 839,965 | 1,831,281 | 1,285,375 | 73,578,500 | 71,426,295 | 71,491,427 | 63,963,523 | ||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
855,419 | 838,403 | 1,905,429 | 1,831,281 | 75,325,668 | 73,578,500 | 68,829,062 | 71,491,427 |
C-27
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
Pacific Funds ESG Core Bond (1) |
Pacific Funds Strategic Income |
Pacific Funds Floating Rate Income |
Pacific Funds High Income |
|||||||||||||||||||||||||||||||||||||||||
Six-Month Period Ended 9/30/2021 |
Period Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
|||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
3,483,108 | 4,708,081 | 7,643,033 | 5,667,393 | 229,630 | 151,557 | ||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
121,190 | 224,381 | 361,589 | 609,991 | 17,313 | 41,931 | ||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(1,097,949 | ) | (3,204,856 | ) | (2,057,884 | ) | (7,221,698 | ) | (229,130 | ) | (294,916 | ) | ||||||||||||||||||||||||||||||||
Net increase (decrease) |
2,506,349 | 1,727,606 | 5,946,738 | (944,314 | ) | 17,813 | (101,428 | ) | ||||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
9,087,158 | 7,359,552 | 17,524,229 | 18,468,543 | 724,579 | 826,007 | ||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
11,593,507 | 9,087,158 | 23,470,967 | 17,524,229 | 742,392 | 724,579 | ||||||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
1,528,757 | 1,586,601 | 1,534,528 | 1,374,643 | 760 | 48,266 | ||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
63,015 | 154,416 | 130,110 | 277,085 | 3,221 | 8,000 | ||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(824,496 | ) | (1,973,263 | ) | (1,391,418 | ) | (4,296,787 | ) | (28,464 | ) | (98,459 | ) | ||||||||||||||||||||||||||||||||
Net increase (decrease) |
767,276 | (232,246 | ) | 273,220 | (2,645,059 | ) | (24,483 | ) | (42,193 | ) | ||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
6,280,514 | 6,512,760 | 9,059,366 | 11,704,425 | 187,494 | 229,687 | ||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
7,047,790 | 6,280,514 | 9,332,586 | 9,059,366 | 163,011 | 187,494 | ||||||||||||||||||||||||||||||||||||||
Class I |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
290,634 | 1,250,000 | 1,789,937 | 1,411,194 | 40,378,186 | 69,364,697 | 2,842 | 213 | ||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
7,860 | 3,452 | 30,427 | 56,057 | 1,737,164 | 1,988,250 | 168 | 342 | ||||||||||||||||||||||||||||||||||||
Shares repurchased |
(161 | ) | | (157,616 | ) | (1,979,140 | ) | (7,720,472 | ) | (13,784,531 | ) | (22 | ) | (750 | ) | |||||||||||||||||||||||||||||
Net increase (decrease) |
298,333 | 1,253,452 | 1,662,748 | (511,889 | ) | 34,394,878 | 57,568,416 | 2,988 | (195 | ) | ||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
1,253,452 | | 1,209,305 | 1,721,194 | 104,685,465 | 47,117,049 | 6,034 | 6,229 | ||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
1,551,785 | 1,253,452 | 2,872,053 | 1,209,305 | 139,080,343 | 104,685,465 | 9,022 | 6,034 | ||||||||||||||||||||||||||||||||||||
Class P |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
8,103 | 548,182 | 65,995 | 3,481,800 | ||||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
19,077 | 29,097 | 344,600 | 780,464 | ||||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(32,793 | ) | (491,671 | ) | (484,723 | ) | (3,913,655 | ) | ||||||||||||||||||||||||||||||||||||
Net increase (decrease) |
(5,613 | ) | 85,608 | (74,128 | ) | 348,609 | ||||||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
982,341 | 896,733 | 14,292,789 | 13,944,180 | ||||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
976,728 | 982,341 | 14,218,661 | 14,292,789 | ||||||||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
| 1,250,000 | 34,291,806 | 40,314,864 | 39,837,922 | 46,214,284 | 712,008 | 594,851 | ||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
6,745 | 3,452 | 1,125,911 | 1,746,869 | 1,693,862 | 2,179,452 | 19,936 | 23,028 | ||||||||||||||||||||||||||||||||||||
Shares repurchased |
| | (11,836,980 | ) | (20,380,801 | ) | (12,618,971 | ) | (32,313,805 | ) | (65,852 | ) | (617,976 | ) | ||||||||||||||||||||||||||||||
Net increase (decrease) |
6,745 | 1,253,452 | 23,580,737 | 21,680,932 | 28,912,813 | 16,079,931 | 666,092 | (97 | ) | |||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
1,253,452 | | 72,228,102 | 50,547,170 | 73,425,748 | 57,345,817 | 379,993 | 380,090 | ||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
1,260,197 | 1,253,452 | 95,808,839 | 72,228,102 | 102,338,561 | 73,425,748 | 1,046,085 | 379,993 |
C-28
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
Pacific Funds Small/Mid-Cap |
Pacific Funds Small Cap |
Pacific Funds Small-Cap Value |
||||||||||||||||||||||||||||||||||||||||||
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
|||||||||||||||||||||||||||||||||||||||
Class A |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
72,228 | 747,499 | 9,348 | 89,846 | 26,791 | 369,226 | ||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| | | | | 902 | ||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(97,151 | ) | (942,569 | ) | (32,218 | ) | (314,203 | ) | (12,929 | ) | (345,212 | ) | ||||||||||||||||||||||||||||||||
Net increase (decrease) |
(24,923 | ) | (195,070 | ) | (22,870 | ) | (224,357 | ) | 13,862 | 24,916 | ||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
1,315,951 | 1,511,021 | 166,037 | 390,394 | 191,296 | 166,380 | ||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
1,291,028 | 1,315,951 | 143,167 | 166,037 | 205,158 | 191,296 | ||||||||||||||||||||||||||||||||||||||
Class C |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
21,597 | 68,397 | 4,055 | 15,659 | 8,229 | 29,831 | ||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| | | | | | ||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(64,956 | ) | (419,774 | ) | (7,811 | ) | (29,175 | ) | (13,368 | ) | (65,736 | ) | ||||||||||||||||||||||||||||||||
Net increase (decrease) |
(43,359 | ) | (351,377 | ) | (3,756 | ) | (13,516 | ) | (5,139 | ) | (35,905 | ) | ||||||||||||||||||||||||||||||||
Beginning shares outstanding |
653,074 | 1,004,451 | 50,702 | 64,218 | 70,828 | 106,733 | ||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
609,715 | 653,074 | 46,946 | 50,702 | 65,689 | 70,828 | ||||||||||||||||||||||||||||||||||||||
Advisor Class |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
1,028,076 | 2,175,547 | 613,551 | 90,017 | 56,921 | 283,768 | ||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| 60,783 | | 597 | | 8,962 | ||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(866,565 | ) | (6,795,051 | ) | (37,583 | ) | (299,163 | ) | (49,978 | ) | (728,169 | ) | ||||||||||||||||||||||||||||||||
Net increase (decrease) |
161,511 | (4,558,721 | ) | 575,968 | (208,549 | ) | 6,943 | (435,439 | ) | |||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
17,809,772 | 22,368,493 | 698,432 | 906,981 | 1,182,596 | 1,618,035 | ||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
17,971,283 | 17,809,772 | 1,274,400 | 698,432 | 1,189,539 | 1,182,596 | ||||||||||||||||||||||||||||||||||||||
Class R6 |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
111,566 | 34,595 | 89,633 | 45,127 | 89,332 | 21,769 | ||||||||||||||||||||||||||||||||||||||
Dividends and distribution reinvested |
| 407 | | | | 919 | ||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(117,009 | ) | (447,202 | ) | (90,597 | ) | (19,841 | ) | (94,823 | ) | (297,583 | ) | ||||||||||||||||||||||||||||||||
Net increase (decrease) |
(5,443 | ) | (412,200 | ) | (964 | ) | 25,286 | (5,491 | ) | (274,895 | ) | |||||||||||||||||||||||||||||||||
Beginning shares outstanding |
88,482 | 500,682 | 116,988 | 91,702 | 100,413 | 375,308 | ||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
83,039 | 88,482 | 116,024 | 116,988 | 94,922 | 100,413 |
C-29
PACIFIC FUNDS
NOTES TO FINANCIAL STATEMENTS (Continued)
(Unaudited)
PF Inflation Managed Fund |
PF Managed Bond Fund |
PF Short Duration Bond Fund |
PF Emerging Markets Debt Fund |
|||||||||||||||||||||||||||||||||||||||||
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
|||||||||||||||||||||||||||||||||||||
Class P |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
18,054 | 1,271,440 | 255,775 | 20,021,861 | 118,438 | 4,812,822 | 46,388 | 2,025,141 | ||||||||||||||||||||||||||||||||||||
Dividends and distributions reinvested |
| 41,165 | | 2,749,801 | | 287,548 | | 266,366 | ||||||||||||||||||||||||||||||||||||
Shares repurchased |
(158,289 | ) | (271,733 | ) | (1,640,089 | ) | (6,309,554 | ) | (333,634 | ) | (7,996,773 | ) | (264,317 | ) | (7,051,807 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) |
(140,235 | ) | 1,040,872 | (1,384,314 | ) | 16,462,108 | (215,196 | ) | (2,896,403 | ) | (217,929 | ) | (4,760,300 | ) | ||||||||||||||||||||||||||||||
Beginning shares outstanding |
3,336,907 | 2,296,035 | 51,545,117 | 35,083,009 | 9,617,341 | 12,513,744 | 7,447,478 | 12,207,778 | ||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
3,196,672 | 3,336,907 | 50,160,803 | 51,545,117 | 9,402,145 | 9,617,341 | 7,229,549 | 7,447,478 | ||||||||||||||||||||||||||||||||||||
PF Growth Fund |
PF Large-Cap Value Fund |
PF Small-Cap Growth Fund |
PF Small-Cap Value Fund |
|||||||||||||||||||||||||||||||||||||||||
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
|||||||||||||||||||||||||||||||||||||
Class P |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
8,813 | 784,320 | 26,523 | 2,126,138 | 8,627 | 1,762,560 | 87,246 | 8,309,666 | ||||||||||||||||||||||||||||||||||||
Dividends and distributions reinvested |
| 1,470,408 | | 2,277,895 | | 325,430 | | 38,076 | ||||||||||||||||||||||||||||||||||||
Shares repurchased |
(518,470 | ) | (2,425,191 | ) | (785,494 | ) | (7,066,086 | ) | (111,087 | ) | (403,782 | ) | (363,144 | ) | (2,971,600 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) |
(509,657 | ) | (170,463 | ) | (758,971 | ) | (2,662,053 | ) | (102,460 | ) | 1,684,208 | (275,898 | ) | 5,376,142 | ||||||||||||||||||||||||||||||
Beginning shares outstanding |
5,866,401 | 6,036,864 | 13,934,603 | 16,596,656 | 2,930,760 | 1,246,552 | 10,790,288 | 5,414,146 | ||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
5,356,744 | 5,866,401 | 13,175,632 | 13,934,603 | 2,828,300 | 2,930,760 | 10,514,390 | 10,790,288 | ||||||||||||||||||||||||||||||||||||
PF Emerging Markets Fund |
PF International Large-Cap Fund |
PF International Small-Cap Fund |
PF International Value Fund |
|||||||||||||||||||||||||||||||||||||||||
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
|||||||||||||||||||||||||||||||||||||
Class P |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
119,880 | 827,146 | 9,132 | 586,239 | 6,828 | 279,914 | 18,446 | 957,474 | ||||||||||||||||||||||||||||||||||||
Dividends and distributions reinvested |
| 259,396 | | 380,281 | | 60,888 | | 115,434 | ||||||||||||||||||||||||||||||||||||
Shares repurchased |
(293,336 | ) | (1,516,917 | ) | (167,555 | ) | (1,348,665 | ) | (150,163 | ) | (1,036,493 | ) | (144,890 | ) | (3,606,692 | ) | ||||||||||||||||||||||||||||
Net increase (decrease) |
(173,456 | ) | (430,375 | ) | (158,423 | ) | (382,145 | ) | (143,335 | ) | (695,691 | ) | (126,444 | ) | (2,533,784 | ) | ||||||||||||||||||||||||||||
Beginning shares outstanding |
9,530,502 | 9,960,877 | 4,240,566 | 4,622,711 | 3,171,697 | 3,867,388 | 4,274,956 | 6,808,740 | ||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
9,357,046 | 9,530,502 | 4,082,143 | 4,240,566 | 3,028,362 | 3,171,697 | 4,148,512 | 4,274,956 | ||||||||||||||||||||||||||||||||||||
PF Multi-Asset Fund | PF Real Estate Fund | |||||||||||||||||||||||||||||||||||||||||||
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
Six-Month Period Ended 9/30/2021 |
Year Ended 3/31/2021 |
|||||||||||||||||||||||||||||||||||||||||
Class P |
||||||||||||||||||||||||||||||||||||||||||||
Shares sold |
152,660 | 3,237,575 | 2,633 | 156,815 | ||||||||||||||||||||||||||||||||||||||||
Dividends and distributions reinvested |
| 4,453,540 | | 50,287 | ||||||||||||||||||||||||||||||||||||||||
Shares repurchased |
(4,776,031 | ) | (29,897,442 | ) | (163,868 | ) | (2,541,409 | ) | ||||||||||||||||||||||||||||||||||||
Net increase (decrease) |
(4,623,371 | ) | (22,206,327 | ) | (161,235 | ) | (2,334,307 | ) | ||||||||||||||||||||||||||||||||||||
Beginning shares outstanding |
85,341,355 | 107,547,682 | 1,892,308 | 4,226,615 | ||||||||||||||||||||||||||||||||||||||||
Ending shares outstanding |
80,717,984 | 85,341,355 | 1,731,073 | 1,892,308 |
(1) | See footnote (1) in Financial Highlights from pages B-20 through B-29 for the commencement date of operations of each share class. |
C-30
PACIFIC FUNDS
(Unaudited)
We believe it is important for you to understand the impact of fees and expenses regarding your investment. All mutual funds have operating expenses. As a shareholder of a mutual fund, you incur two types of costs: (1) transactions costs such as initial sales charges (loads) on purchase payments and/or contingent deferred sales charges on redemptions; and (2) ongoing costs, which include advisory fees, administration fees, distribution and/or service fees, and other fund expenses. The following example is intended to help you understand your ongoing costs (in dollars) of investing in each fund and to compare these costs with those of other mutual funds. The example is based on an investment of $1,000.00 made at the beginning of the period and held for the entire six-month period from April 1, 2021 to September 30, 2021.
ACTUAL EXPENSES
The first section of the table for each fund entitled Actual Fund Return, provides information about actual account values and actual expenses based on each funds actual performance and each funds actual expenses, after any applicable fee waivers and expense reimbursements (See Notes 6 and 7B in Notes to Financial Statements). The Ending Account Value at 09/30/21 column shown is derived from the funds actual performance; the Annualized Expense Ratio column shows the funds actual annualized expense ratio; and the Expenses Paid During the Period 04/01/21-09/30/21 column shows the dollar amount that would have been paid by you. All the information illustrated in the following table is based on the past six-month period from April 1, 2021 to September 30, 2021.
You may use the information in this section, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, for each fund in your account, simply divide that funds value by $1,000.00 (for example, an $8,600.00 fund value divided by $1,000.00 = 8.6), then multiply the result by the number given for your fund(s) in the Expenses Paid During the Period 04/01/21-09/30/21.
HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES
The second section of the table for each fund, entitled Hypothetical, provides information about hypothetical account values and hypothetical expenses based on a 5% per year hypothetical rate of return and actual funds expenses, after any applicable fee waivers and expense reimbursements (See Notes 6 and 7B in Notes to Financial Statements). It assumes that the fund had an annual 5% rate of return before expenses, but that the expense ratio is unchanged. The hypothetical account values and expenses may not be used to estimate the actual ending account values or expenses you paid for the period.
You may use the hypothetical example information to compare the ongoing costs of investing in the fund compared to other mutual funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other mutual funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as initial sales charges (loads) or contingent deferred sales charges. Therefore, the second section of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different mutual funds. In addition, if these other costs were included, your costs would have been higher.
Beginning Account Value at 04/01/21 |
Ending Account Value at 09/30/21 |
Annualized Expense Ratio |
Expenses Paid During the Period 04/01/21
- |
|||||||||||||
Pacific Funds Portfolio Optimization Conservative (2) |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,030.50 | 0.60% | $3.05 | ||||||||||||
Class C |
1,000.00 | 1,026.90 | 1.35% | 6.86 | ||||||||||||
Advisor Class |
1,000.00 | 1,031.30 | 0.35% | 1.78 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,022.06 | 0.60% | $3.04 | ||||||||||||
Class C |
1,000.00 | 1,018.30 | 1.35% | 6.83 | ||||||||||||
Advisor Class |
1,000.00 | 1,023.31 | 0.35% | 1.78 | ||||||||||||
Pacific Funds Portfolio Optimization Moderate-Conservative (2) |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,039.90 | 0.60% | $3.07 | ||||||||||||
Class C |
1,000.00 | 1,036.10 | 1.35% | 6.89 | ||||||||||||
Advisor Class |
1,000.00 | 1,040.50 | 0.35% | 1.79 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,022.06 | 0.60% | $3.04 | ||||||||||||
Class C |
1,000.00 | 1,018.30 | 1.35% | 6.83 | ||||||||||||
Advisor Class |
1,000.00 | 1,023.31 | 0.35% | 1.78 | ||||||||||||
Pacific Funds Portfolio Optimization Moderate (2) |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,049.50 | 0.60% | $3.08 | ||||||||||||
Class C |
1,000.00 | 1,045.60 | 1.35% | 6.92 | ||||||||||||
Advisor Class |
1,000.00 | 1,051.30 | 0.35% | 1.80 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,022.06 | 0.60% | $3.04 | ||||||||||||
Class C |
1,000.00 | 1,018.30 | 1.35% | 6.83 | ||||||||||||
Advisor Class |
1,000.00 | 1,023.31 | 0.35% | 1.78 | ||||||||||||
Pacific Funds Portfolio Optimization Growth (2) |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,057.40 | 0.60% | $3.09 | ||||||||||||
Class C |
1,000.00 | 1,053.80 | 1.35% | 6.95 | ||||||||||||
Advisor Class |
1,000.00 | 1,058.30 | 0.35% | 1.81 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,022.06 | 0.60% | $3.04 | ||||||||||||
Class C |
1,000.00 | 1,018.30 | 1.35% | 6.83 | ||||||||||||
Advisor Class |
1,000.00 | 1,023.31 | 0.35% | 1.78 | ||||||||||||
Pacific Funds Portfolio Optimization Aggressive-Growth (2) |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,064.10 | 0.60% | $3.10 | ||||||||||||
Class C |
1,000.00 | 1,060.30 | 1.35% | 6.97 | ||||||||||||
Advisor Class |
1,000.00 | 1,065.50 | 0.35% | 1.81 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,022.06 | 0.60% | $3.04 | ||||||||||||
Class C |
1,000.00 | 1,018.30 | 1.35% | 6.83 | ||||||||||||
Advisor Class |
1,000.00 | 1,023.31 | 0.35% | 1.78 | ||||||||||||
Pacific Funds Ultra Short Income |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class I |
$1,000.00 | $1,004.40 | 0.32% | $1.61 | ||||||||||||
Advisor Class |
1,000.00 | 1,004.40 | 0.32% | 1.61 | ||||||||||||
Hypothetical |
||||||||||||||||
Class I |
$1,000.00 | $1,023.46 | 0.32% | $1.62 | ||||||||||||
Advisor Class |
1,000.00 | 1,023.46 | 0.32% | 1.62 |
See explanation of references on page D-3
D-1
PACIFIC FUNDS
DISCLOSURE OF FUND EXPENSES (Continued)
(Unaudited)
Beginning Account Value at 04/01/21 |
Ending Account Value at 09/30/21 |
Annualized Expense Ratio |
Expenses Paid During the Period 04/01/21
- |
|||||||||||||
Pacific Funds Short Duration Income |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,007.70 | 0.75% | $3.77 | ||||||||||||
Class C |
1,000.00 | 1,003.80 | 1.50% | 7.53 | ||||||||||||
Class I |
1,000.00 | 1,008.00 | 0.50% | 2.52 | ||||||||||||
Advisor Class |
1,000.00 | 1,007.90 | 0.50% | 2.52 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,021.31 | 0.75% | $3.80 | ||||||||||||
Class C |
1,000.00 | 1,017.55 | 1.50% | 7.59 | ||||||||||||
Class I |
1,000.00 | 1,022.56 | 0.50% | 2.54 | ||||||||||||
Advisor Class |
1,000.00 | 1,022.56 | 0.50% | 2.54 | ||||||||||||
Pacific Funds Core Income |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,022.70 | 0.85% | $4.31 | ||||||||||||
Class C |
1,000.00 | 1,018.90 | 1.60% | 8.10 | ||||||||||||
Class I |
1,000.00 | 1,024.30 | 0.55% | 2.79 | ||||||||||||
Class P |
1,000.00 | 1,024.20 | 0.55% | 2.79 | ||||||||||||
Advisor Class |
1,000.00 | 1,024.20 | 0.55% | 2.79 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,020.81 | 0.85% | $4.31 | ||||||||||||
Class C |
1,000.00 | 1,017.05 | 1.60% | 8.09 | ||||||||||||
Class I |
1,000.00 | 1,022.31 | 0.55% | 2.79 | ||||||||||||
Class P |
1,000.00 | 1,022.31 | 0.55% | 2.79 | ||||||||||||
Advisor Class |
1,000.00 | 1,022.31 | 0.55% | 2.79 | ||||||||||||
Pacific Funds ESG Core Bond |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class I |
$1,000.00 | $1,018.80 | 0.48% | $2.43 | ||||||||||||
Advisor Class |
1,000.00 | 1,018.90 | 0.48% | 2.43 | ||||||||||||
Hypothetical |
||||||||||||||||
Class I |
$1,000.00 | $1,022.66 | 0.48% | $2.43 | ||||||||||||
Advisor Class |
1,000.00 | 1,022.66 | 0.48% | 2.43 | ||||||||||||
Pacific Funds Strategic Income |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,027.50 | 0.95% | $4.83 | ||||||||||||
Class C |
1,000.00 | 1,024.00 | 1.65% | 8.37 | ||||||||||||
Class I |
1,000.00 | 1,029.20 | 0.65% | 3.31 | ||||||||||||
Advisor Class |
1,000.00 | 1,028.80 | 0.70% | 3.56 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,020.31 | 0.95% | $4.81 | ||||||||||||
Class C |
1,000.00 | 1,016.80 | 1.65% | 8.34 | ||||||||||||
Class I |
1,000.00 | 1,021.81 | 0.65% | 3.29 | ||||||||||||
Advisor Class |
1,000.00 | 1,021.56 | 0.70% | 3.55 | ||||||||||||
Pacific Funds Floating Rate Income |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,023.50 | 1.00% | $5.07 | ||||||||||||
Class C |
1,000.00 | 1,019.90 | 1.70% | 8.61 | ||||||||||||
Class I |
1,000.00 | 1,025.00 | 0.70% | 3.55 | ||||||||||||
Class P |
1,000.00 | 1,024.90 | 0.70% | 3.55 | ||||||||||||
Advisor Class |
1,000.00 | 1,024.80 | 0.75% | 3.81 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,020.05 | 1.00% | $5.06 | ||||||||||||
Class C |
1,000.00 | 1,016.55 | 1.70% | 8.59 | ||||||||||||
Class I |
1,000.00 | 1,021.56 | 0.70% | 3.55 | ||||||||||||
Class P |
1,000.00 | 1,021.56 | 0.70% | 3.55 | ||||||||||||
Advisor Class |
1,000.00 | 1,021.31 | 0.75% | 3.80 |
Beginning Account Value at 04/01/21 |
Ending Account Value at 09/30/21 |
Annualized Expense Ratio |
Expenses Paid During the Period 04/01/21
- |
|||||||||||||
Pacific Funds High Income |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,033.00 | 0.95% | $4.84 | ||||||||||||
Class C |
1,000.00 | 1,029.30 | 1.65% | 8.39 | ||||||||||||
Class I |
1,000.00 | 1,033.50 | 0.70% | 3.57 | ||||||||||||
Class P |
1,000.00 | 1,033.60 | 0.70% | 3.57 | ||||||||||||
Advisor Class |
1,000.00 | 1,034.20 | 0.70% | 3.57 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,020.31 | 0.95% | $4.81 | ||||||||||||
Class C |
1,000.00 | 1,016.80 | 1.65% | 8.34 | ||||||||||||
Class I |
1,000.00 | 1,021.56 | 0.70% | 3.55 | ||||||||||||
Class P |
1,000.00 | 1,021.56 | 0.70% | 3.55 | ||||||||||||
Advisor Class |
1,000.00 | 1,021.56 | 0.70% | 3.55 | ||||||||||||
Pacific Funds Small/Mid-Cap |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,008.00 | 1.20% | $6.04 | ||||||||||||
Class C |
1,000.00 | 1,004.20 | 1.95% | 9.80 | ||||||||||||
Advisor Class |
1,000.00 | 1,009.10 | 0.95% | 4.78 | ||||||||||||
Class R6 |
1,000.00 | 1,009.70 | 0.85% | 4.28 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,019.05 | 1.20% | $6.07 | ||||||||||||
Class C |
1,000.00 | 1,015.29 | 1.95% | 9.85 | ||||||||||||
Advisor Class |
1,000.00 | 1,020.31 | 0.95% | 4.81 | ||||||||||||
Class R6 |
1,000.00 | 1,020.81 | 0.85% | 4.31 | ||||||||||||
Pacific Funds Small-Cap |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $995.60 | 1.20% | $6.00 | ||||||||||||
Class C |
1,000.00 | 992.30 | 1.95% | 9.74 | ||||||||||||
Advisor Class |
1,000.00 | 997.60 | 0.95% | 4.76 | ||||||||||||
Class R6 |
1,000.00 | 997.30 | 0.85% | 4.26 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,019.05 | 1.20% | $6.07 | ||||||||||||
Class C |
1,000.00 | 1,015.29 | 1.95% | 9.85 | ||||||||||||
Advisor Class |
1,000.00 | 1,020.31 | 0.95% | 4.81 | ||||||||||||
Class R6 |
1,000.00 | 1,020.81 | 0.85% | 4.31 | ||||||||||||
Pacific Funds Small-Cap Value |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class A |
$1,000.00 | $1,032.10 | 1.20% | $6.11 | ||||||||||||
Class C |
1,000.00 | 1,028.30 | 1.95% | 9.92 | ||||||||||||
Advisor Class |
1,000.00 | 1,032.70 | 0.95% | 4.84 | ||||||||||||
Class R6 |
1,000.00 | 1,032.90 | 0.85% | 4.33 | ||||||||||||
Hypothetical |
||||||||||||||||
Class A |
$1,000.00 | $1,019.05 | 1.20% | $6.07 | ||||||||||||
Class C |
1,000.00 | 1,015.29 | 1.95% | 9.85 | ||||||||||||
Advisor Class |
1,000.00 | 1,020.31 | 0.95% | 4.81 | ||||||||||||
Class R6 |
1,000.00 | 1,020.81 | 0.85% | 4.31 | ||||||||||||
PF Inflation Managed Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,048.50 | 0.56% | $2.88 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,022.26 | 0.56% | $2.84 |
See explanation of references on page D-3
D-2
PACIFIC FUNDS
DISCLOSURE OF FUND EXPENSES (Continued)
(Unaudited)
Beginning Account Value at 04/01/21 |
Ending Account Value at 09/30/21 |
Annualized Expense Ratio |
Expenses Paid During the Period 04/01/21
- |
|||||||||||||
PF Managed Bond Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,026.60 | 0.54% | $2.74 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,022.36 | 0.54% | $2.74 | ||||||||||||
PF Short Duration Bond Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,003.00 | 0.55% | $2.76 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,022.31 | 0.55% | $2.79 | ||||||||||||
PF Emerging Markets Debt Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,036.40 | 0.92% | $4.70 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,020.46 | 0.92% | $4.66 | ||||||||||||
PF Growth Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,138.80 | 0.70% | $3.75 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,021.56 | 0.70% | $3.55 | ||||||||||||
PF Large-Cap Value Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,067.40 | 0.80% | $4.15 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,021.06 | 0.80% | $4.05 | ||||||||||||
PF Small-Cap Growth Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,064.10 | 0.75% | $3.88 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,021.31 | 0.75% | $3.80 | ||||||||||||
PF Small-Cap Value Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,026.80 | 0.90% | $4.57 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,020.56 | 0.90% | $4.56 | ||||||||||||
PF Emerging Markets Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $941.50 | 0.95% | $4.62 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,020.31 | 0.95% | $4.81 | ||||||||||||
PF International Large-Cap Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,065.00 | 0.97% | $5.02 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,020.21 | 0.97% | $4.91 | ||||||||||||
PF International Small-Cap Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,059.30 | 1.10% | $5.68 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,019.55 | 1.10% | $5.57 |
Beginning Account Value at 04/01/21 |
Ending Account Value at 09/30/21 |
Annualized Expense Ratio |
Expenses Paid During the Period 04/01/21
- |
|||||||||||||
PF International Value Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,060.90 | 0.80% | $4.13 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,021.06 | 0.80% | $4.05 | ||||||||||||
PF Multi-Asset Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,075.80 | 0.51% | $2.65 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,022.51 | 0.51% | $2.59 | ||||||||||||
PF Real Estate Fund |
| |||||||||||||||
Actual Fund Return |
||||||||||||||||
Class P |
$1,000.00 | $1,140.40 | 0.90% | $4.83 | ||||||||||||
Hypothetical |
||||||||||||||||
Class P |
$1,000.00 | $1,020.56 | 0.90% | $4.56 |
(1) | Expenses paid during the period are equal to the funds annualized expense ratio (shown in table above), multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half-year or applicable period, then divided by 365 days. |
(2) | The annualized expense ratios for the Portfolio Optimization Funds do not include fees and expenses of the Funds in which they invest (see Note 1 in Notes to Financial Statements). |
D-3
PACIFIC FUNDS
WHERE TO GO FOR MORE INFORMATION
(Unaudited)
Availability of Quarterly Holdings
The Trust files Part F of Form N-PORT (complete schedules of fund holdings) with the Securities and Exchange Commission (the SEC) for the first and third quarters of each fiscal year not later than 60 days after the close of the applicable quarter end. The Trusts Part F of Form N-PORT (when required) is filed pursuant to applicable regulations and is available after filing on the SECs website at http://www.sec.gov.
Availability of Proxy Voting Record
By August 31 of each year, the Trust files information regarding how the Trusts managers voted proxies relating to fund securities during the most recent twelve-month period ended June 30. Such information is available after filing on the Trusts website and on the SECs website noted below.
Information Relating to Investments Held by the Trust
For complete descriptions of the various securities and other instruments held by the Trust and their risks, please see the Trusts prospectus and Statement of Additional Information (SAI). The prospectus and SAI are available as noted below.
Availability of Proxy Voting Policies
A description of the Proxy Voting Policies and Procedures that the Trust uses to determine how to vote proxies relating to fund securities is described in the Trusts SAI.
How to obtain Information
The Trusts prospectus, SAI (including Proxy Voting Policies) and annual and semi-annual reports are available:
| On the Trusts website at https://www.pacificfunds.com/resources/prospectuses-reports |
| On the SECs website at http://www.sec.gov |
| Upon request by calling, without charge, 1-800-722-2333, 7 a.m. through 5 p.m. Pacific Time |
D-4
Pacific Funds
Mailing address:
P.O. Box 9768
Providence, RI 02940-9768
ADDRESS SERVICE REQUESTED
Semi-Annual Report as of September 30, 2021 for:
Pacific Funds
Form Nos. | 3012-21A |
Item 2. Code of Ethics.
Not applicable.
Item 3. Audit Committee Financial Expert.
Not applicable.
Item 4. Principal Accountant Fees and Services.
Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management
Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and
Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrants Board of Directors.
Item 11. Controls and Procedures.
(a) | The Chief Executive Officer and the Treasurer of the Registrant have concluded that the Registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Registrant is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing of this report. |
(b) | There were no changes in the Registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrants internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment
Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) |
Not applicable. | |
(a)(2) |
Separate Certifications for the principal executive and principal financial officer of the Registrant pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) are attached hereto as Exhibit 99.CERT. | |
(a)(2)(1) |
Not applicable. | |
(a)(2)(2) |
Not applicable. | |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Pacific Funds Series Trust | ||
By: |
/s/ Adrian S. Griggs | |
Adrian S. Griggs | ||
Chief Executive Officer | ||
Date: |
December 2, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: |
/s/ Adrian S. Griggs | |
Adrian S. Griggs | ||
Chief Executive Officer | ||
Date: |
December 2, 2021 | |
By: |
/s/ Trevor T. Smith | |
Trevor T. Smith | ||
Treasurer (Principal Financial and Accounting Officer) | ||
Date: |
December 2, 2021 |
Exhibit 99.CERT
FORM N-CSR CERTIFICATION
I, Adrian S. Griggs, certify that:
1. | I have reviewed this report on Form N-CSR of Pacific Funds Series Trust; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
Date: November 22, 2021
/s/ Adrian S. Griggs |
||
Adrian S. Griggs | ||
Chief Executive Officer, Pacific Funds Series Trust |
FORM N-CSR CERTIFICATION
I, Trevor T. Smith, certify that:
1. | I have reviewed this report on Form N-CSR of Pacific Funds Series Trust; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3 (d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
Date: November 22, 2021
/s/ Trevor T. Smith |
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Trevor T. Smith |
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Treasurer (Principal Financial and Accounting Officer), |
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Pacific Funds Series Trust |
Exhibit 99.906
Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
In conjunction with the Semi-Annual Report to Shareholders on Form N-CSR of Pacific Funds Series Trust (the Fund) for the fiscal half-year ended September 30, 2021 as filed with the Securities and Exchange Commission (the Report), Adrian S. Griggs as Chief Executive Officer of the Fund and Trevor T. Smith, as Treasurer (Principal Financial and Accounting Officer) of the Fund, each hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.
Date: November 22, 2021
/s/ Adrian S. Griggs |
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Adrian S. Griggs |
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Chief Executive Officer, Pacific Funds Series Trust |
/s/ Trevor T. Smith |
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Trevor T. Smith |
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Treasurer (Principal Financial and Accounting Officer), Pacific Funds Series Trust |
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