QQQ Plus Bond Alpha Portfolio
Data updated: 2026-08-11
C000253933 — QQQ Plus Bond Alpha Portfolio. Short Corporate Bond · $711.85M AUM · 0.64% expense ratio. Holdings, fees, performance and SEC filings.
C000253933 Fund Overview
QQQ Plus Bond Alpha Portfolio is a US mutual fund managed by Pacific Select Fund, categorised as Short 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: Short Corporate Bond
- Assets under management: $711.85M
- 1-year return: 33.0%
- SEC CIK: 0000813900
- SEC series ID: S000087907
- Share class ID: C000253933
C000253933 Investment Objective and Strategy
QQQ Plus Bond Alpha 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 capital appreciation.
Principal investment strategy
Under normal circumstances, this Fund invests at least 80% of its assets in a combination of? (1) derivatives that provide exposure to the Nasdaq-100 Index and/or the Nasdaq-100 Total Return Index (the Nasdaq-100 Indices) and (2) bonds. Pacific Life Fund Advisors LLC (PLFA), the investment adviser of the Fund, manages the QQQ portion of the Fund while Fidelity Diversifying Solutions LLC (FDS) manages the bond portion of the Fund as sub-adviser to that portion of the Fund. QQQ portion: The term QQQ in the Funds name refers to derivative investments used to gain exposure to the Nasdaq-100 Indices, large-cap growth equity indices designed to track the performance of 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based upon market capitalization.
For the QQQ portion of the Fund, PLFA seeks to gain exposure to the Nasdaq-100 Indices using derivatives in a notional amount approximately equal to the Funds net assets. Because fewer assets are generally required to gain investment exposure using derivatives than with securities directly, PLFA allocates the remaining assets to the bond portion of the Fund. These derivatives are total return swap agreements and futures contracts. Using derivatives such as total return swap agreements and futures contracts is a way to obtain the return of the Nasdaq-100 Indices that is the economic equivalent of, but does not involve investing in, all of the securities in those indices. In seeking to gain exposure to the Nasdaq-100 Indices through the use of derivatives, this portion of the Fund will in turn be exposed to the same groups of industries/sectors in the same manner as the Nasdaq-100 Indices, which may include a significant percentage to a single sector.
As of December 31, 2025, a significant part of the QQQ portion of the Fund is represented by securities of companies in the Technology sector. The exposure of this portion of the Fund to sectors is likely to change over time as the composition of the Nasdaq-100 Indices changes over time. This portion of the Fund will not concentrate, except to the same approximate extent as the Nasdaq-100 Indices may concentrate, in the securities of a particular industry or group of industries (also known as a sector). This portion of the Fund may become non-diversified, as defined under the Investment Company Act of 1940, as amended (the 1940 Act), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Nasdaq-100 Indices. Bond portion: The term bond in the Funds name refers to debt securities and derivatives that provide exposure to debt securities.
The bond portion of the Fund will be managed by FDS to seek to contribute to returns in excess of the Nasdaq-100 Indices returns (or alpha), to earn income to offset the cost of the Funds derivatives investments, and to maintain collateral for the Funds derivatives exposure. This portion of the Fund will be invested primarily in investment grade debt securities, including U.S. debt and U.S. dollar-denominated debt issued by foreign entities in developed markets, and repurchase agreements for those securities. Under normal circumstances, this portion of the Fund is expected to maintain an average credit quality of A- or higher and a weighted average duration that is between 0 and 2.75 years. Duration is often used to measure a bonds sensitivity to interest rates. The longer this portion of the Funds duration, the more sensitive it is to interest rate risk.
The shorter this portion of the Funds duration, the less sensitive it is to interest rate risk. When selecting investments for this portion of the Fund, FDS evaluates sectors of the bond market and individual securities within these sectors. FDS selects U.S. dollar-denominated bonds from several sectors including: U.S. and foreign developed market government securities (including agencies); investment grade corporate bonds; mortgage-related securities; asset-backed securities; and cash equivalents. In addition, FDS may use derivatives, including buying or selling options or futures contracts on a debt security or an index of debt securities, or entering into credit default swaps and interest rate swaps, including options thereon ( i.e. , swaptions), primarily to manage risks of the debt security investments by increasing or decreasing the exposure to risk factors associated with those investments or as a substitute for investing in the debt securities directly.
For example, FDS could use U.S. Treasury futures contracts to manage interest rate risk or credit default swaps to manage credit risk of corporate bonds or gain exposure to debt security investments in a certain sector. This portion of the Fund may also invest in debt securities issued pursuant to Rule 144A under the Securities Act of 1933 (Rule 144A securities). FDS may purchase or sell investments for this portion of the Fund for a variety of reasons, such as to adjust the Funds average maturity, duration, or credit quality or to shift assets into and out of higher yielding or lower yielding securities or different sectors. As of December 31, 2025, a significant part of the bond portion of the Fund was represented by securities of companies in the Financial sector. This portion of the Fund may lend its portfolio holdings to certain financial institutions.
C000253933 Holdings
Top 10 holdings of QQQ Plus Bond Alpha Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury | 6.80% |
| United States Treasury | 6.76% |
| United States Treasury | 5.02% |
| United States Treasury | 4.86% |
| United States Treasury | 4.84% |
| Clear Street | 0.96% |
| Pacific Life U.S. Government Fund Direct | 0.78% |
| Bank Of America Corp. | 0.45% |
| Swib | 0.44% |
| Bank Of Nova Scotia | 0.43% |
C000253933 Portfolio Allocation
Asset-class allocation of QQQ Plus Bond Alpha Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 55.8% |
| Securitized | 20.9% |
| Cash & Equivalents | 20.8% |
C000253933 Performance
Total returns for C000253933 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 19.4% |
| 1 year | 33.0% |
C000253933 Risk Information
Risk metrics for C000253933, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.1%
C000253933 Costs and Fees
C000253933 costs about $64 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.64%
- Gross expense ratio: 0.73%
- Portfolio turnover: 19%
- Brokerage commissions: 0.25 bps of average net assets (SEC N-CEN)
C000253933 Cashflows
Over the 12 months to 2026-06, QQQ Plus Bond Alpha Portfolio had net inflows of $97.72M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$11.89M |
| 2026-05 | $1.38M |
| 2026-04 | −$167.36M |
| 2026-03 | $5.66M |
| 2026-02 | $3.46M |
| 2026-01 | $396.42K |
C000253933 Debt Constituents
Largest debt holdings of QQQ Plus Bond Alpha Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 4.86% |
| United States Treasury | 4.84% |
| Bank Of America Corp. | 0.45% |
| Bank Of Nova Scotia | 0.43% |
| US Bancorp | 0.43% |
| Pnc Financial Services | 0.40% |
| Hsbc Holdings PLC | 0.39% |
| Hsbc Holdings PLC | 0.39% |
| Morgan Stanley | 0.38% |
| Cvs Health Corp. | 0.38% |
C000253933 Prospectus and SEC Filings
Official QQQ Plus Bond Alpha 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 2024-10-11
- 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 Short 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.