As filed with the Securities and Exchange Commission on October 9, 2012
Registration No. 033-13954
811-05141
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No. ¨
Post-Effective Amendment No. 96 þ
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF
1940 ¨
Amendment No. 97 þ
(Check appropriate box or boxes)
Pacific Select Fund
(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) | |
Registrants Telephone Number, including Area Code: | (949) 219-3202 |
Audrey L. Cheng, Esq.
Pacific Life Insurance Company
700 Newport Center Drive
Newport Beach, CA 92660
(Name and Address of Agent for Service)
Copies to:
Anthony H. Zacharski, Esq.
Dechert LLP
90 State House Square
Hartford, CT 06103-3702
Approximate Date of Proposed Public Offering
It is proposed that this filing will become effective (check appropriate box)
þ | immediately upon filing pursuant to paragraph (b) |
¨ | on September 28, 2012 pursuant to paragraph (b) |
¨ | 60 days after filing pursuant to paragraph (a)(1) |
¨ | on (date) pursuant to paragraph (a)(1) |
¨ | 75 days after filing pursuant to paragraph (a)(2) |
¨ | on (date) pursuant to paragraph (a)(2) of rule 485. |
If appropriate, check the following box:
¨ | this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
SIGNATURES
Pursuant to the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment No 96 to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Newport Beach, and State of California, on this 9th day of October 2012.
PACIFIC SELECT FUND | ||
By: | /s/ J.G. Lallande | |
J.G. Lallande |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 this Post-Effective Amendment No. 96 to the Registration Statement of Pacific Select Fund has been signed below by the following persons in the capacities and on the dates indicated:
SIGNATURE |
TITLE |
DATE | ||
|
Chairman of the Board and Trustee | October 9, 2012 | ||
James T. Morris* |
||||
|
Chief Executive Officer | October 9, 2012 | ||
Mary Ann Brown* |
||||
|
Vice President and Treasurer (Principal Financial and | October 9, 2012 | ||
Brian D. Klemens* |
Accounting Officer) | |||
|
Trustee | October 9, 2012 | ||
Gale K. Caruso* |
||||
|
Trustee | October 9, 2012 | ||
Lucie H. Moore* |
||||
|
Trustee | October 9, 2012 | ||
G. Thomas Willis* |
||||
|
Trustee | October 9, 2012 | ||
Frederick L. Blackmon* |
||||
|
Trustee | October 9, 2012 | ||
Nooruddin S. Veerjee* |
*By: | /s/ J.G. Lallande | October 9, 2012 | ||||
J.G. Lallande as attorney-in-fact pursuant to power of attorney filed herewith. |
EXHIBIT INDEX
Title of Exhibit |
Exhibit No. | |
XBRL Instance Document |
Ex-101.ins | |
XBRL Taxonomy Extension Schema Document |
Ex-101.sch | |
XBRL Taxonomy Extension Calculation Linkbase Document |
Ex-101.cal | |
XBRL Taxonomy Extension Labels Linkbase |
Ex-101.lab | |
XBRL Taxonomy Extension Presentation Linkbase Document |
Ex-101.pre | |
XBRL Taxonomy Extension Definition Linkbase |
Ex-101.def |
Label | Element | Value | ||
---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||
Registrant Name | dei_EntityRegistrantName | PACIFIC SELECT FUND | ||
Prospectus Date | rr_ProspectusDate | Sep. 28, 2012 | ||
GLOBAL ABSOLUTE RETURN PORTFOLIO
|
||||
Risk/Return: | rr_RiskReturnAbstract | |||
Risk/Return [Heading] | rr_RiskReturnHeading | Global Absolute Return Portfolio | ||
Objective [Heading] | rr_ObjectiveHeading | Investment goal | ||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | This portfolio seeks to provide total return. | ||
Expense [Heading] | rr_ExpenseHeading | Fees and expenses | ||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the portfolio. The table below does not reflect expenses and charges that are, or may be, imposed under your variable annuity contract or variable life insurance policy. For information on these charges, please refer to the applicable contract or policy prospectus. | ||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio turnover | ||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The portfolio pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in Annual fund operating expenses or in the Examples, affect the portfolio’s performance. This portfolio is new and does not yet have a turnover rate. | ||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | “Other expenses” are based on estimated amounts for the current fiscal year. | ||
Expense Example [Heading] | rr_ExpenseExampleHeading | Examples | ||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The examples below are intended to help you compare the cost of investing in the portfolio with the cost of investing in other portfolios of Pacific Select Fund or other mutual funds. Each example assumes that you invest $10,000 for the time periods indicated, that your investment has an average annual return of 5%, that all dividends and distributions are reinvested, and that the portfolio’s annual operating expenses remain as stated in the previous table throughout the periods shown. Although your actual costs may be higher or lower, the examples show what your costs would be based on these assumptions. These examples do not reflect fees and expenses of any variable annuity contract or variable life insurance policy, and would be higher if they did. Keep in mind that this is only an estimate; actual expenses and performance may vary. |
||
Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Your expenses (in dollars) if you sell/redeem or hold all of your shares at the end of each period | ||
Strategy [Heading] | rr_StrategyHeading | Principal investment strategies | ||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | This portfolio invests in securities, derivatives and other instruments to establish long and short investment exposures around the world. The manager typically seeks to establish such investment exposures to individual countries based on its view of the investment merits of a country. The portfolio normally invests in multiple countries and may have significant exposure to foreign currencies. The portfolio’s long and short investments are primarily government (sovereign) exposures, including sovereign debt, currencies, and investments relating to interest rates. The portfolio may also invest in corporate debt of both foreign and domestic issuers, including banks. The portfolio may invest a significant portion of its assets in a single country, a small number of countries, or a particular geographic region, and typically a portion will be invested in emerging market countries. The portfolio normally invests at least 40% of its net assets in foreign investments. In seeking its investment goal, the portfolio may invest in fixed income securities of any credit quality, including securities that are non-investment grade (high yield/high risk, sometimes called “junk bonds”), and a wide variety of derivative instruments. The portfolio expects to achieve certain exposures primarily through derivative transactions, including (but not limited to): forward foreign currency contracts; futures on securities, indexes, currencies, and other investments; options; and interest rate swaps, cross-currency swaps, total return swaps and credit default swaps, which may create economic leverage in the portfolio. The manager generally will make extensive use of derivatives to enhance total return, to seek to hedge against fluctuations in securities prices, interest rates or currency exchange rates, to change the effective duration of the portfolio, to manage certain investment risks and as a substitute for direct investment in any security or instrument in which the portfolio may invest. Duration management is part of the investment strategy for this portfolio. Duration is often used to measure a bond’s sensitivity to interest rates. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. The shorter a portfolio’s duration, the less sensitive it is to changes in interest rates. The manager may use derivatives that have a leveraging effect to increase the portfolio’s exposure to specific investment opportunities. Such exposure may be several times the value of the portfolio’s assets. As such, the portfolio’s use of leverage may result in greater price volatility for the portfolio than if leverage had not been used. The portfolio may also engage in repurchase agreements and short sales. The portfolio typically has significant exposure to foreign investments and derivatives. The portfolio employs an absolute return investment approach, which seeks to produce positive returns over a complete market cycle. However, the portfolio may experience negative returns over both shorter and longer-term time horizons. The manager utilizes top-down economic and political analysis to identify investment opportunities throughout the world, including in both developed and emerging markets. The manager seeks to identify countries and currencies it believes have potential to outperform investments in other countries and currencies through an analysis of global economies, markets, political conditions and other factors. The manager may sell a holding when it fails to perform as expected or when other opportunities appear more attractive. The performance of the portfolio is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods. However, the actual performance of the portfolio may be correlated with those traditional investments over short- or long-term periods. The portfolio’s strategy involves the use of leverage, and the portfolio’s performance may from time to time be more volatile than many other portfolios. The portfolio is generally intended to complement a balanced portfolio of traditional equity and fixed income investments as a means of seeking diversification and is not intended to be a complete investment program. The portfolio is a “non-diversified” portfolio. |
||
Risk [Heading] | rr_RiskHeading | Principal risks | ||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | As with any mutual fund, the value of the portfolio’s investments, and therefore the value of your shares, may go up or down. Accordingly, you could lose money. The portfolio may be affected by the following principal risks, among other non-principal risks:
|
||
Risk Lose Money [Text] | rr_RiskLoseMoney | As with any mutual fund, the value of the portfolio’s investments, and therefore the value of your shares, may go up or down. Accordingly, you could lose money. | ||
Risk Nondiversified Status [Text] | rr_RiskNondiversifiedStatus |
|
||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Portfolio performance | ||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The portfolio does not have a full calendar year of performance. Thus, a performance bar chart and table are not included for the portfolio. | ||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | The portfolio does not have a full calendar year of performance. | ||
GLOBAL ABSOLUTE RETURN PORTFOLIO | CLASS I
|
||||
Risk/Return: | rr_RiskReturnAbstract | |||
Management fee | rr_ManagementFeesOverAssets | 0.80% | ||
Service fee | rr_DistributionAndService12b1FeesOverAssets | 0.20% | ||
Other expenses | rr_OtherExpensesOverAssets | 0.51% | [1] | |
Total annual operating expenses | rr_ExpensesOverAssets | 1.51% | ||
1 year | rr_ExpenseExampleYear01 | 154 | ||
3 years | rr_ExpenseExampleYear03 | 477 | ||
GLOBAL ABSOLUTE RETURN PORTFOLIO | CLASS P
|
||||
Risk/Return: | rr_RiskReturnAbstract | |||
Management fee | rr_ManagementFeesOverAssets | 0.80% | ||
Service fee | rr_DistributionAndService12b1FeesOverAssets | none | ||
Other expenses | rr_OtherExpensesOverAssets | 0.51% | [1] | |
Total annual operating expenses | rr_ExpensesOverAssets | 1.31% | ||
1 year | rr_ExpenseExampleYear01 | 133 | ||
3 years | rr_ExpenseExampleYear03 | 415 | ||
|