Capital Appreciation Portfolio

C000264374 Fund Overview

Capital Appreciation Portfolio is a US mutual fund managed by Pacific Select Fund, categorised as Balanced Allocation. 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: Balanced Allocation
• Assets under management: $151.18M
• SEC CIK: 0000813900
• SEC series ID: S000095644
• Share class ID: C000264374

C000264374 Investment Objective and Strategy

Capital Appreciation 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 capital appreciation by investing primarily in equity securities. It may also hold fixed income and other securities to help preserve principal value.

Principal investment strategy

The Fund normally invests at least 50% of its total assets in equity securities and the remaining assets are generally invested in debt instruments, including corporate bonds, government securities (including agencies) and bank loans. The Fund may invest up to 25% of its assets in U.S. dollar-denominated securities of developed market foreign issuers, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). The Funds investments in equity securities are generally common stock and fall into one of two categories: the larger category comprises long-term core holdings whose prices when purchased are considered low in terms of company assets, earnings, or other factors; the smaller category comprises opportunistic investments whose prices the sub-adviser expects to rise in the short term but not necessarily over the long term.

The Fund invests across all market capitalizations. Since the sub-adviser attempts to prevent losses as well as achieve gains, the sub-adviser typically uses a value approach in selecting investments, which means looking for companies whose securities appear to be undervalued or out of favor with investors. The sub-adviser seeks to identify companies that seem undervalued by various measures, such as price/book value, and may be temporarily out of favor but are believed by the sub-adviser to have good prospects for capital appreciation. The sub-adviser may establish relatively large positions in companies it finds particularly attractive. The Fund may purchase debt instruments for their income or other features or to gain additional exposure to a company. Maturity and quality are not necessarily major considerations and there are no limits on the maturities of the debt instruments in which the Fund invests.

The Fund may invest up to 30% of its assets in non-investment grade debt instruments (high yield/high risk, sometimes called junk bonds) or, if unrated, are of comparable quality as determined by the sub-adviser. If a security is split rated (i.e., rated investment grade by at least one rating agency and below investment grade by another rating agency), the higher rating will be used for purposes of this requirement. The sub-adviser may sell a holding for a variety of reasons, including in response to a change in the original investment considerations or to limit losses, adjust the characteristics of the overall portfolio, or when other opportunities appear more attractive. The Fund may lend its portfolio holdings to certain financial institutions.

C000264374 Holdings

Top 10 holdings of Capital Appreciation Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000264374 holdings

C000264374 Portfolio Allocation

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

C000264374 Performance

Total returns for C000264374 (as of 2026-10-01), from SEC filings.

C000264374 Costs and Fees

C000264374 costs about $95 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.95%
• Gross expense ratio: 1.06%
• Portfolio turnover: 12%
• Brokerage commissions: 1.01 bps of average net assets (SEC N-CEN)

C000264374 Cashflows

Over the 12 months to 2026-06, Capital Appreciation Portfolio had net inflows of $143.65M, from monthly SEC N-PORT filings.

C000264374 Debt Constituents

Largest debt holdings of Capital Appreciation Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000264374 Prospectus and SEC Filings

Official Capital Appreciation Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-29
• Prospectus (485BPOS) — filed 2025-10-01
• Portfolio holdings (N-PORT) — filed 2026-08-11
• Portfolio holdings (N-PORT) — filed 2026-05-27
• Portfolio holdings (N-PORT) — filed 2026-02-27
• Annual census (N-CEN) — filed 2026-03-12

Related Funds

Other Balanced Allocation funds tracked on ABC INVEST:

• American Balanced Fund (ABALX)
• Vanguard Wellington Fund (VWELX)
• Franklin Income Fund (FKINX)
• T. Rowe Price Capital Appreciation Fund, Inc. (PRWCX)
• Vanguard Balanced Index Fund (VBINX)

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.