High Yield Bond Portfolio
Data updated: 2026-08-11
C000078079 — High Yield Bond Portfolio. Intermediate Corporate Bond · $712.79M AUM · 0.65% expense ratio. Holdings, fees, performance and SEC filings.
C000078079 Fund Overview
High Yield Bond Portfolio is a US mutual fund managed by Pacific Select Fund, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Pacific Select Fund
- Category: Intermediate Corporate Bond
- Assets under management: $712.79M
- 1-year return: 4.9%
- SEC CIK: 0000813900
- SEC series ID: S000026010
- Share class ID: C000078079
C000078079 Investment Objective and Strategy
High Yield Bond Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pacific Select Fund.
Investment objective
This Fund seeks a high level of current income.
Principal investment strategy
Under normal circumstances, this Fund invests at least 80% of its assets in non-investment grade (high yield/high risk, sometimes called junk bonds) debt instruments or in instruments with characteristics of non-investment grade debt instruments. The Fund principally invests in instruments that have intermediate to long terms to maturity which generally means holdings with final maturities greater than one year. Debt instruments in which the Fund invest include corporate bonds and notes, which are given a low credit rating, or if unrated are of comparable quality as determined by the sub-adviser, including those of foreign issuers which are denominated in U.S. dollars. Bonds are given a credit rating based on the issuers ability to pay the quoted interest rate and maturity value on time. This may give the Fund more credit risk than other bond funds but also gives it the potential for higher income than investment grade bonds.
Fundamental Research Process. Individual investment selection is based on the sub-advisers fundamental research process. The sub-advisers fundamental research process combines a bottom-up issuer analysis and top-down market assessment. A bottom-up issuer analysis relies upon the sub-advisers fundamental research analysis of individual issuers. A top-down market assessment provides a framework for portfolio risk positioning and sector allocations. Once this is determined, the sub-adviser looks for companies that it believes have sustainable competitive positions, strong management teams and the ability to repay or refinance its debt obligations. The sub-adviser performs a credit analysis on each potential issuer and a relative value analysis for each potential investment. When selecting investments, the sub-adviser may invest in instruments that it believes have the potential for capital appreciation.
An investment is generally sold when the sub-adviser believes that the issue has realized its price appreciation target, the issue no longer offers relative value, or an adverse change in corporate or sector fundamentals has occurred. The Fund may lend its portfolio holdings to certain financial institutions.
C000078079 Holdings
Top 10 holdings of High Yield Bond Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Clear Street | 7.25% |
| Pacific Life U.S. Government Fund Direct | 5.86% |
| Swib | 3.36% |
| Majordrive Holdings Iv L | 2.68% |
| Ardonagh Group Finance | 1.32% |
| Ukg, Inc. | 1.32% |
| Acrisure LLC / Fin, Inc. | 1.27% |
| Bwx Technologies, Inc. | 1.27% |
| Howden UK Refinance / US | 1.22% |
| Allied Universal | 1.14% |
C000078079 Portfolio Allocation
Asset-class allocation of High Yield Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 87.2% |
| Cash & Equivalents | 16.5% |
| Loans | 5.6% |
| Securitized | 3.5% |
C000078079 Performance
Total returns for C000078079 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.9% |
| 1 year | 4.9% |
| 3 years (annualised) | 7.8% |
| 5 years (annualised) | 3.7% |
C000078079 Risk Information
Risk metrics for C000078079, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.4%
C000078079 Costs and Fees
C000078079 costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.65%
- Portfolio turnover: 66%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
C000078079 Cashflows
Over the 12 months to 2026-06, High Yield Bond Portfolio had net inflows of $32.14M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $28.16M |
| 2026-05 | −$13.79M |
| 2026-04 | −$3.90M |
| 2026-03 | −$31.76M |
| 2026-02 | $52.09M |
| 2026-01 | $1.82M |
C000078079 Debt Constituents
Largest debt holdings of High Yield Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Majordrive Holdings Iv L | 2.68% |
| Ardonagh Group Finance | 1.32% |
| Ukg, Inc. | 1.32% |
| Acrisure LLC / Fin, Inc. | 1.27% |
| Bwx Technologies, Inc. | 1.27% |
| Howden UK Refinance / US | 1.22% |
| Allied Universal | 1.14% |
| Hilton Grand Vac Llc/inc | 1.13% |
| Seaworld Parks & Enterta | 1.13% |
| Crc Insurance Group LLC | 1.11% |
C000078079 Prospectus and SEC Filings
Official High Yield Bond Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-08-11
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-18
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-10
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.