# EDGAR Filing Document

**Accession Number:** 0000813900
**File Stem:** 0001104659-25-061244
**Filing Date:** 2025-6
**Character Count:** 5834
**Document Hash:** 09d241024d8548a2b814ba1b4a75226e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-061244.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001104659-25-061244

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250620

**EFFECTIVENESS DATE**: 20250623

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PACIFIC SELECT FUND
- **CENTRAL INDEX KEY:** 0000813900

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-13954
- **FILM NUMBER:** 251062504

**BUSINESS ADDRESS:**
- **STREET 1:** 700 NEWPORT CTR DR
- **STREET 2:** P O BOX 7500
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 9492193233

**MAIL ADDRESS:**
- **STREET 1:** 700 NEWPORT CTR DR
- **STREET 2:** P O BOX 7500
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

## Series and Classes Contracts Data

### Small-Cap Growth Portfolio (Series ID: S000026005)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000078074 | Class I      |  |
| C000098947 | Class P      |  |

**SUPPLEMENT DATED JUNE 23, 2025**

**TO THE PACIFIC SELECT FUND SUMMARY PROSPECTUS DATED MAY 1, 2025**

**FOR SMALL-CAP GROWTH PORTFOLIO**

This supplement revises the Pacific Select Fund Summary Prospectus dated May 1, 2025 for Small-Cap Growth Portfolio (the "Prospectus") and must be preceded or accompanied by the Prospectus. The changes within this supplement will be effective **November 1, 2025**. Remember to review the Prospectus for other important information. Capitalized terms not defined herein are as defined in the Prospectus.

At a meeting held on June 18, 2025, the Board of Trustees of the Pacific Select Fund (the "Trust"), including a majority of the Independent Trustees, approved Goldman Sachs Asset Management, L.P. ("GSAM") to serve as the sub-adviser of the Small-Cap Growth Portfolio effective November 1, 2025, replacing MFS Investment Management.

In connection with this sub-adviser change, certain principal investment strategies of the Small-Cap Growth Portfolio will change as described below. In order to facilitate these changes, a portion of the holdings of the Small-Cap Growth Portfolio may be sold and new investments purchased in accordance with recommendations by GSAM. Pacific Life Fund Advisors LLC, the investment adviser to the Small-Cap Growth Portfolio, may begin this transitioning prior to November 1, 2025 utilizing the principal investment strategies described below.

The *Principal Investment Strategies* subsection will be deleted in its entirety and replaced with the following:

Under normal circumstances, this Fund invests at least 80% of its assets in small-capitalization equity securities. The sub-adviser generally considers a company to be a small-capitalization company if the company has a market capitalization within the range of companies included in the Russell 2000 Growth Index (which measures the performance of the small-capitalization growth segment of the U.S. equity universe) at the time of investment. As of March 31, 2025, the market capitalization range of the Russell 2000 Growth Index was approximately $1.2 million to $15.4 billion. As of March 31, 2025, the weighted average market capitalization of the Fund was approximately $6.3 billion.

The sub-adviser focuses on investing the Fund's assets, under normal circumstances, in companies that are considered by the sub-adviser to be positioned for long-term growth ("growth companies").

The sub-adviser normally invests the Fund's assets across different groups of industries/sectors, but may invest a significant percentage of the Fund's assets in issuers in a single sector at its investment discretion in seeking the investment goal of the Fund. As of December 31, 2024, a significant portion of the Fund is represented by securities of companies in the Consumer Non-Cyclical sector.

The Fund's fundamental equity growth investment process involves evaluating potential investments based on specific characteristics believed to indicate a high-quality business with sustainable growth, including strong business franchises, favorable long-term prospects, and excellent management. The sub-adviser will also consider the valuation of companies when determining whether to buy and/or sell securities. The sub-adviser may decide to sell a position for various reasons, including when a company's fundamental outlook deteriorates because of valuation and price considerations, for risk management purposes, when a company is deemed to

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be misallocating capital, or if a company no longer fits within the Fund's definition of a small-cap company.

The Fund may lend its portfolio holdings to certain financial institutions.

In the *Principal Risks* subsection, **Currency Risk** and **Foreign (Non-U.S.) Markets Risk** will be deleted and **Liquidity Risk** will be moved below **Consumer Non-Cyclical Sector Risk**.

In the *Performance* subsection, the first sentence of the last paragraph will be deleted and replaced with the following:

Goldman Sachs Asset Management, L.P. began managing the Fund on November 1, 2025.

In the *Management* subsection, the "Portfolio Manager and Primary Title with Sub-Adviser" table, and the paragraph immediately preceding this table, will be deleted and replaced with the following:

**Sub-Adviser —** Goldman Sachs Asset Management, L.P. The persons jointly and

primarily responsible for day-to-day management of the Fund are:

---

| | |
|:---|:---|
| **Portfolio Manager and Primary Title with <br> Sub-Adviser** | **Experience <br> with Fund** |
| Jessica Katz, Vice President | Since 2025 |
| Gregory Tuorto, Managing Director | Since 2025 |

---

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