Pacific Select Fund Seeks Shareholder Approval for Growth Portfolio Proposal

Pacific Select Fund DEF 14A Filing Summary
Field	Detail
Company	Pacific Select Fund
Form Type	DEF 14A
Filed Date	Jul 16, 2025
Risk Level	low
Sentiment	neutral

Sentiment: neutral

Topics: Proxy Statement, Variable Annuity, Variable Life Insurance, Shareholder Meeting, Investment Fund, Corporate Governance, Pacific Life

TL;DR

**Pacific Select Fund's Growth Portfolio is making a move, and the Board is all-in, so expect a 'FOR' vote to pass easily.**

AI Summary

PACIFIC SELECT FUND filed a DEF 14A proxy statement on July 16, 2025, for a special meeting of shareholders of its Growth Portfolio to be held on August 20, 2025. The filing pertains to an important proposal, which the Board of Trustees unanimously recommends voting 'FOR'. This proposal specifically impacts the Growth Portfolio, a series of the Pacific Select Fund, which serves as an investment option for variable life insurance and variable annuity contracts issued by Pacific Life Insurance Company or Pacific Life & Annuity Company. The filing explicitly states that the proposal does not seek to change the benefits or provisions of the underlying contracts. Contract owners with a beneficial interest in the Fund as of the July 1, 2025 Record Date are entitled to vote. Jay Orlandi, CEO and President of PACIFIC SELECT FUND, emphasized the importance of contract owner participation in this matter.

Why It Matters

This DEF 14A filing signals a strategic move for PACIFIC SELECT FUND's Growth Portfolio, potentially impacting its long-term performance and competitive positioning within the variable annuity and life insurance market. While the filing assures no changes to contract benefits, the nature of the 'important proposal' could influence the fund's investment strategy or operational structure, which in turn affects returns for investors in Pacific Life's variable products. Competitors in the variable insurance space will be watching to see if this move enhances or detracts from Pacific Select Fund's offerings, potentially influencing their own product development and marketing strategies. Employees involved with the Growth Portfolio may see shifts in their responsibilities or strategic focus.

Risk Assessment

Risk Level: low — The risk level is low because the filing explicitly states the proposal "does not seek to change the benefits or provisions of your Contract." This minimizes direct negative impact on existing contract holders, and the Board of Trustees unanimously recommends voting 'FOR' the proposal, suggesting internal alignment and a high probability of approval.

Analyst Insight

Investors should review the full proxy statement carefully to understand the specifics of the 'important proposal' for the Growth Portfolio. While the Board recommends a 'FOR' vote, understanding the implications for the fund's strategy and potential future performance is crucial before casting a vote or making any investment decisions related to Pacific Life's variable contracts.

Key Numbers

2025-07-16 — Filing Date (Date the DEF 14A was filed with the SEC)
2025-08-20 — Meeting Date (Date of the Special Meeting of Shareholders for the Growth Portfolio)
2025-07-01 — Record Date (Date by which contract owners must have beneficial interest to vote)
1 — Proposal Count (Number of important proposals presented to shareholders)

Key Players & Entities

PACIFIC SELECT FUND (company) — Registrant and issuer of the DEF 14A
Growth Portfolio (company) — Specific series of Pacific Select Fund affected by the proposal
Pacific Life Insurance Company (company) — Issuer of variable life insurance or variable annuity contracts
Pacific Life & Annuity Company (company) — Issuer of variable life insurance or variable annuity contracts
Jay Orlandi (person) — Chief Executive Officer and President of PACIFIC SELECT FUND
Board of Trustees (company) — Governing body of the Trust, unanimously recommending the proposal
July 1, 2025 (date) — Record Date for contract owners entitled to vote
August 20, 2025 (date) — Date of the Special Meeting of Shareholders
700 Newport Center Drive (address) — Business address of PACIFIC SELECT FUND

FAQ

What is the purpose of the PACIFIC SELECT FUND DEF 14A filing?

The PACIFIC SELECT FUND DEF 14A filing is a definitive proxy statement for a special meeting of shareholders of the Growth Portfolio, scheduled for August 20, 2025, to vote on an important proposal. The Board of Trustees unanimously recommends voting 'FOR' this proposal.

When is the special meeting for PACIFIC SELECT FUND's Growth Portfolio?

The special meeting of shareholders for PACIFIC SELECT FUND's Growth Portfolio is scheduled to be held on August 20, 2025. This meeting will address an important proposal concerning the fund.

Who is entitled to vote on the PACIFIC SELECT FUND Growth Portfolio proposal?

Contract owners with a beneficial interest in the Growth Portfolio as of July 1, 2025, the designated Record Date, are entitled to vote on the proposal presented in the DEF 14A filing.

Does the PACIFIC SELECT FUND proposal change contract benefits?

No, the DEF 14A filing explicitly states that the proposal "does not seek to change the benefits or provisions of your Contract" for variable life insurance or variable annuity contracts issued by Pacific Life Insurance Company or Pacific Life & Annuity Company.

What is the Board of Trustees' recommendation for the PACIFIC SELECT FUND proposal?

The Board of Trustees of the PACIFIC SELECT FUND unanimously recommends that contract owners vote "FOR" the important proposal concerning the Growth Portfolio, as detailed in the DEF 14A filing.

Who is the CEO of PACIFIC SELECT FUND mentioned in the filing?

Jay Orlandi is the Chief Executive Officer and President of PACIFIC SELECT FUND, and his letter to contract owners is included in the DEF 14A filing, urging participation in the vote.

What is the filing date of the PACIFIC SELECT FUND DEF 14A?

The PACIFIC SELECT FUND DEF 14A was filed with the SEC on July 16, 2025, providing notice of the upcoming special meeting and the proposal.

Where is PACIFIC SELECT FUND's business address?

PACIFIC SELECT FUND's business address is 700 Newport Center Drive, Post Office Box 7500, Newport Beach, California 92660, as stated in the DEF 14A filing.

What type of contracts does the Growth Portfolio serve as an investment option for?

The Growth Portfolio serves as an investment option under variable life insurance or variable annuity contracts issued by Pacific Life Insurance Company or Pacific Life & Annuity Company.

Is there a filing fee required for this PACIFIC SELECT FUND DEF 14A?

No, the DEF 14A filing indicates that "No fee required" for this definitive proxy statement, as checked in the appropriate box on the filing.

Industry Context

The Pacific Select Fund operates within the competitive landscape of investment options for variable insurance and annuity products. This sector is characterized by a need for diverse investment strategies to meet the varying risk appetites and return expectations of contract owners. Trends include a focus on transparent fee structures and clear communication regarding investment performance and governance.

Regulatory Implications

As a registered investment company, Pacific Select Fund is subject to SEC regulations governing proxy solicitations and shareholder meetings. The DEF 14A filing ensures compliance with disclosure requirements, providing shareholders with necessary information to make informed voting decisions. The proposal's impact on contract owners, while not altering contract benefits, necessitates adherence to rules ensuring fair treatment and clear communication.

What Investors Should Do

Review the Proxy Statement carefully.
Vote on the proposal by the meeting date of August 20, 2025.

Key Dates

2025-07-16: Filing of DEF 14A Proxy Statement — Indicates the official communication to shareholders regarding the upcoming special meeting and the proposal to be voted on.
2025-08-20: Special Meeting of Shareholders for the Growth Portfolio — The date on which contract owners will vote on the proposal impacting the Growth Portfolio.
2025-07-01: Record Date — Establishes the eligibility for contract owners to vote, based on their beneficial interest in the Fund on this date.

Glossary

DEF 14A: A proxy statement filed with the SEC by publicly traded companies to solicit shareholder votes. (This filing contains the details of the proposal and the board's recommendation for the Growth Portfolio shareholders.)
Growth Portfolio: A specific series within the Pacific Select Fund that serves as an investment option for variable contracts. (The proposal directly impacts this specific portfolio, and only contract owners with an interest in it are eligible to vote.)
Variable Life Insurance and Variable Annuity Contracts: Insurance and retirement products whose value fluctuates with the performance of underlying investment options. (The Growth Portfolio is an investment option for these types of contracts issued by Pacific Life Insurance Company or Pacific Life & Annuity Company.)
Board of Trustees: The governing body responsible for overseeing the Pacific Select Fund and making recommendations to shareholders. (The Board unanimously recommends voting 'FOR' the proposal, indicating their strong support.)

Year-Over-Year Comparison

This filing is a DEF 14A for a special meeting, distinct from typical annual filings. As such, direct year-over-year comparisons of financial metrics like revenue growth or margins are not applicable. The focus is on a specific governance-related proposal impacting the Growth Portfolio, rather than a broad financial performance review.

Filing Details

This Form DEF 14A (Form DEF 14A) was filed with the SEC on July 16, 2025 by Jay Orlandi regarding PACIFIC SELECT FUND.

View full filing on EDGAR

View Full Filing

View this DEF 14A filing on SEC EDGAR