PFG Fidelity Institutional AM® Equity Index Strategy Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$13.57
$339 M
0.28%
$0.04
2.08%
Vitals
YTD Return
4.2%
1 yr return
16.1%
3 Yr Avg Return
1.2%
5 Yr Avg Return
N/A
Net Assets
$339 M
Holdings in Top 10
100.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.08%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 161.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$13.57
$339 M
0.28%
$0.04
2.08%
PFFFX - Profile
Distributions
- YTD Total Return 4.2%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.97%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePFG Fidelity Institutional AM® Equity Index Strategy Fund
-
Fund Family NameNavigator Funds
-
Inception DateMay 01, 2020
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJennifer Enstad
Fund Description
The Fund, under normal circumstances, will invest at least 80% of its net assets, plus any amounts of borrowing, in Fidelity® mutual funds and Fidelity exchange traded funds (Fidelity Underlying Funds). The balance of the Funds net assets will be invested in Fidelity Underlying Funds or mutal funds or exchange traded funds (ETFs) managed by advisers other than Fidelity (Other Underlying Funds), under normal market circumstances. At least 80% of the Funds assets (defined as net assets plus the amount of any borrowing for investment purposes) will be invested in Fidelity Underlying Funds and Other Underlying Funds that invest primarily in U.S. equity securities of varying market capitalizations. The Fund operates as a fund of funds.
In selecting Fidelity Underlying Funds and Other Underlying Funds to purchase or sell on behalf of the Fund, Pacific Financial Group, LLC (the Adviser) considers data and analysis regarding a model portfolio of Fidelity Underlying Funds and, at times, Other Underlying Funds, provided by Fidelity Institutional Wealth Adviser LLC, which uses the brand name of Fidelity Institutional AM®. The Adviser is solely responsible for selecting the Fidelity Underlying Funds and Other Underlying Funds in which the Fund invests. No Fidelity entity is an investment adviser or sub-adviser to the Fund.
To achieve the Funds objective, the Adviser intends to focus on Fidelity Underlying Funds and Other Underlying Funds that invest in equity indices that the Adviser believes will produce enhanced risk-adjusted returns, in light of market circumstances. The Adviser intends to invest in Fidelity Underlying Funds and Other Underlying Funds that are passively managed and that are designed to track a specific equity index. Equity indices will include those that are focused on specific market capitalizations, specific investment styles (for example, growth or value), or limits on expected volatility. There are no restrictions on the type of equity index that the Adviser may choose to invest in. Although the Fund does not intend to focus its investments in any particular sector, its portfolio may be focused in certain sectors from time to time as a result of its investment process.
Further, in managing the Funds level of investment risk, the Adviser utilizes RiskPro®, a software technology developed by ProTools, LLC, an affiliate of the Adviser. Based on proprietary algorithms, RiskPro® provides an estimate of the range of gain or loss of a portfolio of securities over a forward-looking rolling twelve-month period. The higher the RiskPro estimate, the greater the level of volatility that the Fund may experience over a twelve-month period. RiskPros algorithms take into account, among other factors, the volatility of the portfolio over the prior twelve months; a comparison of the portfolios volatility over the prior twelve-month period, to the volatility of the S&P 500 Index; and the long-term volatility of the S&P 500 Index.
The Adviser utilizes RiskPro to manage the Funds volatility as a whole, and to assess the impact of the Funds investment in Fidelity Underlying Funds and Other Underlying Funds. In some circumstances, the Adviser may use RiskPro to identify specific Fidelity Underlying Funds or Other Underlying Funds in which to invest, on behalf of the Fund. For this Fund, there is no limit on the Funds maximum annual volatility. Consequently, in managing the Fund, the Adviser will permit the Funds potential total return, over a twelve-month period, as estimated by RiskPro®, to exceed a gain or loss of more than 30%. Depending on market conditions, the Funds potential gain or loss, as estimated by RiskPro®, may be below 30% from time to time. The use of RiskPro allows investors to evaluate whether the expected volatility of the Fund, as estimated by RiskPro over a forward-looking rolling twelve-month period, is aligned with the investors level of comfort with investment risk.
PFFFX - Performance
Return Ranking - Trailing
Period | PFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -3.2% | 11.2% | 90.74% |
1 Yr | 16.1% | -1.1% | 41.3% | 87.38% |
3 Yr | 1.2%* | -12.2% | 26.8% | 96.82% |
5 Yr | N/A* | -9.7% | 105.9% | N/A |
10 Yr | N/A* | -0.3% | 20.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | PFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.1% | -42.6% | 47.4% | 65.68% |
2022 | -22.2% | -56.3% | -4.2% | 58.75% |
2021 | 12.9% | -27.2% | 53.7% | 67.02% |
2020 | N/A | -36.2% | 2181.7% | N/A |
2019 | N/A | -22.7% | 40.4% | N/A |
Total Return Ranking - Trailing
Period | PFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -3.2% | 11.2% | 90.74% |
1 Yr | 16.1% | -1.1% | 41.3% | 87.38% |
3 Yr | 1.2%* | -12.2% | 26.8% | 96.82% |
5 Yr | N/A* | -9.7% | 105.9% | N/A |
10 Yr | N/A* | -0.3% | 20.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.4% | -5.0% | 47.4% | 73.84% |
2022 | -18.8% | -36.8% | -2.2% | 62.76% |
2021 | 12.9% | 3.0% | 124.3% | 98.04% |
2020 | N/A | -15.8% | 2266.0% | N/A |
2019 | N/A | -0.4% | 241.3% | N/A |
NAV & Total Return History
PFFFX - Holdings
Concentration Analysis
PFFFX | Category Low | Category High | PFFFX % Rank | |
---|---|---|---|---|
Net Assets | 339 M | 2.34 M | 1.55 T | 72.48% |
Number of Holdings | 5 | 1 | 4053 | 99.69% |
Net Assets in Top 10 | 345 M | 885 K | 387 B | 54.32% |
Weighting of Top 10 | 100.19% | 0.3% | 112.0% | 0.71% |
Top 10 Holdings
- FID-500 INDX-IP 57.47%
- FID-GL X US-IP 30.19%
- FID-MID CAP-IP 5.97%
- FID-S/C INDX-IP 5.93%
- BLKR-LIQ FED-INS 0.63%
Asset Allocation
Weighting | Return Low | Return High | PFFFX % Rank | |
---|---|---|---|---|
Stocks | 99.56% | 0.00% | 124.03% | 23.35% |
Cash | 0.63% | 0.00% | 99.06% | 64.94% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 54.64% |
Other | 0.00% | -13.91% | 100.00% | 69.97% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 52.13% |
Bonds | 0.00% | -0.50% | 93.78% | 54.87% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PFFFX % Rank | |
---|---|---|---|---|
Technology | 21.04% | 0.00% | 48.94% | 70.16% |
Financial Services | 15.74% | 0.00% | 55.59% | 23.84% |
Healthcare | 11.96% | 0.00% | 60.70% | 86.80% |
Consumer Cyclical | 11.67% | 0.00% | 30.33% | 26.24% |
Industrials | 9.92% | 0.00% | 29.90% | 36.64% |
Communication Services | 8.43% | 0.00% | 27.94% | 49.84% |
Consumer Defense | 6.77% | 0.00% | 47.71% | 53.52% |
Basic Materials | 4.20% | 0.00% | 25.70% | 18.48% |
Energy | 4.14% | 0.00% | 41.64% | 49.68% |
Real Estate | 3.28% | 0.00% | 31.91% | 28.56% |
Utilities | 2.84% | 0.00% | 20.91% | 42.08% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PFFFX % Rank | |
---|---|---|---|---|
US | 99.56% | 0.00% | 124.03% | 18.71% |
Non US | 0.00% | 0.00% | 62.81% | 62.26% |
PFFFX - Expenses
Operational Fees
PFFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.08% | 0.01% | 16.07% | 4.35% |
Management Fee | 1.25% | 0.00% | 1.89% | 99.61% |
12b-1 Fee | 0.10% | 0.00% | 1.00% | 23.27% |
Administrative Fee | 0.70% | 0.00% | 0.85% | 99.20% |
Sales Fees
PFFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PFFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PFFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 161.00% | 0.00% | 496.00% | 96.57% |
PFFFX - Distributions
Dividend Yield Analysis
PFFFX | Category Low | Category High | PFFFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.28% | 0.00% | 26.27% | 27.97% |
Dividend Distribution Analysis
PFFFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
PFFFX | Category Low | Category High | PFFFX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.97% | -54.00% | 6.06% | 98.88% |
Capital Gain Distribution Analysis
PFFFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.480 | OrdinaryDividend |
Dec 30, 2022 | $0.489 | OrdinaryDividend |
Dec 30, 2020 | $0.320 | OrdinaryDividend |
PFFFX - Fund Manager Analysis
Managers
Jennifer Enstad
Start Date
Tenure
Tenure Rank
May 01, 2020
2.08
2.1%
Ms. Enstad began her career with Pacific Financial Group in 1991 and has served in a number of capacities, including performing operational duties (1991-1995), as the Head Trader (1995-2002), as the Director of Operations (1998-2002), as an Analyst (2002-2004), as an Assistant Portfolio Manager (2004-2006), as a Portfolio Manager (2006-2017), as Senior Portfolio Manager (2017-2018) and as Chief Investment Officer (2018-present). Ms. Enstad served as Chief Investment Officer for the Adviser since 2018. Ms. Enstad has a B.A. in Business from the University of Washington and a Chartered Financial Analyst.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |