ESG Diversified Portfolio

C000226481 Fund Overview

ESG Diversified Portfolio is a US mutual fund managed by Pacific Select Fund, categorised as United States Multi-Cap / All-Cap Blend / Core Thematic Equity. 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: United States Multi-Cap / All-Cap Blend / Core Thematic Equity
• Assets under management: $29.09M
• 1-year return: 12.1%
• SEC CIK: 0000813900
• SEC series ID: S000071404
• Share class ID: C000226481

C000226481 Investment Objective and Strategy

ESG Diversified 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 long-term growth of capital and low to moderate income, while giving consideration to certain environmental, social and governance (ESG) criteria.

Principal investment strategy

This Fund is a fund of funds that seeks to achieve its investment goal by investing in eligible mutual funds that have an ESG (environmental, social and governance) focus or that meet Pacific Life Fund Advisors LLCs (PLFAs) ESG investment criteria in this section. The underlying funds invest in U.S. and foreign equity and debt instruments and are referred to herein as the ESG Underlying Funds because they are eligible underlying funds of the Fund. Under normal market conditions, the Funds exposures to the two broad asset classes of debt and equity are expected to be within the following ranges: ? Broad Asset Class Allocations ? ? Debt ? ? Equity ? ? 30 50% ? ? ? 50 70% ? PLFA, the investment adviser to the Fund, manages and oversees the Fund through the following multi-step process: (1) Asset Allocation/Portfolio Construction PLFA manages the Fund using an approximate 10-year investment horizon.

An asset class model (the Model) for the Fund is developed that seeks to meet the Funds investment goal over this period using both broad asset classes and narrower asset classes. The broad equity asset class includes narrower asset classes such as domestic, developed and emerging market international equities. The broad debt asset class includes narrower asset classes such as investment grade bonds and international debt of developed markets of varying durations. PLFA then determines the amount of the Funds assets to invest in each ESG Underlying Fund in order to obtain the asset class exposures designated by the Model for the Fund. ? PLFA may adjust the broad asset class allocations to any point within the above ranges, and/or adjust the narrower asset class allocations or the allocations to the ESG Underlying Funds at any time as it deems necessary based on PLFAs views of market conditions, its outlook for various asset classes or other factors (dynamic positioning).

For example, PLFA may engage in dynamic positioning for the Fund by adjusting the Model to reflect a shorter term view of the markets or a particular asset class, to seek to capture upside opportunities or mitigate risk from market events, or for cash management purposes. PLFA would then make the appropriate adjustments to its ESG Underlying Fund allocations to reflect the updated asset class allocations in the Model. This dynamic positioning would be implemented consistent with the Funds risk/?return profile and investment goal. (2) ESG Underlying Fund Oversight PLFA monitors and evaluates the ESG Underlying Funds on an ongoing basis, including an analysis of the investment risks of the ESG Underlying Funds and their impact on the Funds risk/return objectives, to seek to ensure that each current ESG Underlying Fund continues to be appropriate for the Funds allocations.

PLFA will also monitor the available ESG Underlying Funds and consider substitution of ESG Underlying Funds or the addition of new underlying funds should PLFA determine appropriate for the Funds investments. Investments of the ESG Underlying Funds that invest primarily in equity instruments include large- and mid-capitalization companies; and domestic and foreign stocks (which may be U.S. dollar or foreign currency-denominated), including emerging markets stocks. Investments of the ESG Underlying Funds that invest primarily in debt instruments include: green bonds (securities of companies that develop or provide products or services that seek to provide environmental solutions); investment grade debt securities, including U.S. Government securities and corporate bonds; non-investment grade or high yield/high risk debt securities; foreign debt securities of developed markets (which may be U.S.

dollar or foreign currency-denominated); and debt instruments of varying duration (short, intermediate and long-term). Certain ESG Underlying Funds may lend their portfolio securities to generate additional income. The Fund is expected to be as fully invested as practical, although it may maintain liquidity reserves to meet redemption requests. PLFA monitors and evaluates various ESG attributes of the ESG Underlying Funds. To be selected for investment, an ESG Underlying Fund must satisfy the following ESG criteria: i) An ESG Underlying Fund must meet a minimum ESG rating set by PLFA that is applied to ratings provided by established third party ESG ratings providers. These providers base their ratings on the asset-weighted average of ESG risks of the ESG Underlying Funds holdings or an assessment of the resilience of an ESG Underlying Funds aggregate holdings to long term ESG risks.

These ESG risks may be based on information or analysis that differs from the information or ? analysis an ESG Underlying Fund uses in its investment process. If the ESG risks for an ESG Underlying Funds holdings are high, meaning that the ESG Underlying Fund invests in companies that are not managing their ESG risks well, then that ESG Underlying Fund is less likely to receive a high rating from a third party ESG ratings provider; and ii) the ESG Underlying Funds principal investment strategies, as disclosed in its prospectus, must refer to ESG criteria in describing the ESG Underlying Funds process for selecting investments. The ESG criteria may be determined by an independent third-party data provider or by the investment adviser of the ESG Underlying Fund utilizing an internal framework for considering ESG factors.

ESG criteria used by one ESG Underlying Fund in its investment process may differ from or be inconsistent with ESG criteria used by other ESG Underlying Funds in their investment processes. ? ESG Underlying Funds may include both actively managed funds and passively managed (index) funds. If an ESG Underlying Fund is passively managed, and therefore its investment process seeks to provide investment results that correspond to the returns of its benchmark index, then the funds benchmark index must include an ESG investment component. PLFA seeks to gain exposure to a broad range of ESG metrics with its allocations to the ESG Underlying Funds. PLFA will decide whether to adjust an allocation to an ESG Underlying Fund based upon whether such fund continues to meet the requirements described above.

If an ESG Underlying Fund falls below the minimum ESG rating set by PLFA from one or more established third party ESG ratings providers, PLFA would re-evaluate the ESG Underlying Fund and determine whether and when to replace the ESG Underlying Fund. PLFA is under no specific time constraint for implementing such a change. The Fund may invest a significant portion of its assets in any single ESG Underlying Fund, subject to applicable regulatory limits. PLFA has sole discretion in selecting the ESG Underlying Funds for investment and may adjust the Funds allocations to the ESG Underlying Funds and add or remove ESG Underlying Funds as it deems appropriate to meet the Funds investment goal. The current ESG Underlying Funds are managed by: BlackRock Advisors, LLC; ? Calvert Research and Management; ?

Dimensional Fund Advisors LP; and ? Fidelity Management & Research Company LLC (sub-advised by Geode Capital Management, LLC). ? Each ESG Underlying Fund factors ESG criteria into its investment process. BlackRock: The ESG Underlying Fund managed by BlackRock Advisors, LLC (BlackRock) (the BlackRock Fund) seeks to provide long-term capital appreciation while seeking to maintain certain ESG characteristics, climate risk exposure and climate opportunities relative to its benchmark index. Under normal circumstances, the BlackRock Fund seeks to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities issued by, or tied economically to, companies in emerging markets and derivatives that have similar economic characteristics to such securities.

Specifically, the BlackRock Fund generally seeks to invest in a portfolio of equity securities that, in BlackRocks view, (i) has an aggregate ESG assessment that is better than the aggregate ESG assessment of its benchmark index, (ii) has an aggregate carbon emissions assessment that is lower than that of its benchmark index, and (iii) in the aggregate, identifies issuers that BlackRock believes are better positioned to capture climate opportunities relative to the issuers in its benchmark index. The BlackRock Fund may invest in other sectors that are not included in such assessments. BlackRock seeks to utilize exclusionary screens in determining the investment universe and to incorporate investment insights related to ESG characteristics in the portfolio construction process. To determine the BlackRock Funds investable universe, BlackRock will first seek to screen out certain issuers based on ESG criteria determined by BlackRock.

Such screening criteria principally includes: (i) issuers that derive more than zero percent of revenue from the production of controversial weapons; (ii) issuers that derive more than zero percent of revenue from the production of civilian firearms; (iii) issuers that derive more than zero percent of revenue from the production of tobacco-related products; (iv) issuers that derive certain revenue from thermal coal generation, unless such issuers either (a) have made certain commitments to reduce climate impact or (b) derive revenue from alternative energy sources; (v) issuers that derive more than five percent of revenue from thermal coal mining; and (vi) issuers that derive more than five percent of revenue from oil sands extraction. Notwithstanding the foregoing, the BlackRock Fund may invest in green bonds of issuers that exceed the thresholds stated in (iv), (v) and (vi) above.

The BlackRock Fund relies on one or more third-party ratings agencies to identify issuers for purposes of the above screening criteria. Third-party rating agencies may base the above screening criteria on an estimate when revenue for a covered business activity is not disclosed by the issuer or publicly available. The BlackRock Funds screening criteria is measured at the time of investment and is dependent upon information and data that may be incomplete, inaccurate, unavailable or estimated. Where the BlackRock Funds criteria looks solely to third-party ratings or data, issuers are only screened to the extent such ratings or data have been assigned or made available by the third parties. This screening criteria is subject to change over time at BlackRocks discretion. In addition, the BlackRock Fund may gain indirect exposure (through, including but not limited to, derivatives and investments in other investment companies) to issuers with exposures that are inconsistent with the ESG-related criteria used by BlackRock.

The BlackRock Fund then seeks to pursue its investment objective by investing in equity securities in a disciplined manner, by using proprietary return forecast models that incorporate quantitative analysis. These forecast models are designed to identify aspects of mispricing across stocks which the BlackRock Fund can seek to capture by over- and under-weighting particular equities while seeking to control incremental risk. BlackRock then constructs and rebalances the portfolios weightings by integrating its investment insights with the model-based optimization process. Certain of the investment insights relate to ESG characteristics in BlackRock defined categories, including, but not limited to, (i) superior growth characteristics of issuers, (ii) risk mitigation characteristics of issuers, (iii) themes related to social matters and (iv) economic transition, which includes, but is not limited to, environmental considerations.

Examples of such ESG characteristics include management quality, governance, controversies at issuers, public health analytics and an issuers innovation-oriented research and development.

C000226481 Holdings

Top 8 holdings of ESG Diversified Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000226481 holdings

C000226481 Portfolio Allocation

Asset-class allocation of ESG Diversified Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000226481 Performance

Total returns for C000226481 (as of 2026-10-01), from SEC filings.

C000226481 Risk Information

Risk metrics for C000226481, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 7.5%

C000226481 Costs and Fees

C000226481 costs about $79 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.79%
• Gross expense ratio: 0.82%
• Portfolio turnover: 81%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000226481 Cashflows

Over the 12 months to 2026-03, ESG Diversified Portfolio had net outflows of $3.17M, from monthly SEC N-PORT filings.

C000226481 Debt Constituents

No individual debt constituents are reported in ESG Diversified Portfolio's latest SEC N-PORT filing.

C000226481 Prospectus and SEC Filings

Official ESG Diversified Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-04-29
• Prospectus (485BPOS) — filed 2024-04-26
• Prospectus supplement (497) — filed 2024-07-31
• Portfolio holdings (N-PORT) — filed 2026-05-27
• Portfolio holdings (N-PORT) — filed 2026-02-27
• Portfolio holdings (N-PORT) — filed 2025-11-25
• Annual census (N-CEN) — filed 2026-03-12
• Annual census (N-CEN) — filed 2025-03-10

Related Funds

Other United States Multi-Cap / All-Cap Blend / Core Thematic Equity funds tracked on ABC INVEST:

• REX Crypto Equity Premium Income ETF (CEPI)
• Fidelity Sustainable Multi-Asset Fund (FYMIX)
• Water Island Event-Driven Fund (AEDFX)
• Global X Dorsey Wright Thematic ETF (GXDW)
• Grayscale Bitcoin Adopters ETF (BCOR)

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.