PFG Meeder Tactical Strategy Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.3%
1 yr return
13.1%
3 Yr Avg Return
1.3%
5 Yr Avg Return
3.9%
Net Assets
$111 M
Holdings in Top 10
100.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PFTEX - Profile
Distributions
- YTD Total Return 4.3%
- 3 Yr Annualized Total Return 1.3%
- 5 Yr Annualized Total Return 3.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.98%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePFG Meeder Tactical Strategy Fund
-
Fund Family NameNavigator Funds
-
Inception DateDec 11, 2017
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJennifer Enstad
Fund Description
The Fund seeks to achieve its investment objective by investing more than 80% of the Funds assets, plus any amounts for borrowing, in shares of mutual funds and exchange-traded funds (ETFs) managed by Meeder Investment Management Company (Meeder), under normal circumstances (Meeder Underlying Funds). The balance of the Funds net assets will be invested in Meeder Underlying Funds or mutual funds or ETFs managed by advisers other than Meeder (Other Underlying Funds), under normal market circumstances. The Fund operates as a fund of funds.
In selecting Meeder Funds to purchase or sell, on behalf of the Fund, Pacific Financial Group, LLC (the Adviser) utilizes research services provided by Meeder, including data and analysis about the Meeder Underlying Funds and Other Underlying Funds.
The Adviser invests in Meeder Underlying Funds and Other Underlying Funds that have a maximum exposure of 90% in domestic and foreign equity securities of any market capitalization and a minimum exposure of 10% to domestic and foreign fixed income securities of any duration or credit quality including high yield bonds (also known as junk bonds). The Fund defines high-yield fixed income securities as corporate bonds or other bonds or debt instruments that are generally rated lower than Baa3 by Moodys Investors Service, Inc. (Moodys) or lower than BBB- by Standard and Poors Rating Group (S&P). During certain negative market periods, the Meeder Underlying Funds and Other Underlying Funds may take a defensive tactical position and invest up to 100% of their assets in fixed income securities, money market funds and cash other cash equivalents. During such periods, the Meeder Underlying Funds, Other Underlying Funds and, consequently the Fund, will not have any equity securities exposure. 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 Meeder Underlying Funds and Other Underlying Funds. In some circumstances, the Adviser may use RiskPro to identify specific Meeder Underlying Funds or Other Underlying Funds in which to invest, on behalf of the Fund. For this Fund, the Advisers goal is to limit the Funds maximum range of total returns, over a twelve month period, to a gain or a loss of less than 35%. Depending on market conditions, the Funds potential gain or loss, as estimated by RiskPro®, may exceed 35% 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.
PFTEX - Performance
Return Ranking - Trailing
Period | PFTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.3% | -4.8% | 13.6% | 14.16% |
1 Yr | 13.1% | -8.7% | 55.9% | 17.78% |
3 Yr | 1.3%* | -23.8% | 8.3% | 28.57% |
5 Yr | 3.9%* | -11.7% | 18.2% | 47.60% |
10 Yr | N/A* | -4.7% | 9.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | PFTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.8% | -18.9% | 60.2% | 35.24% |
2022 | -26.8% | -48.5% | 0.1% | 92.95% |
2021 | 9.5% | -19.0% | 48.3% | 19.91% |
2020 | 2.0% | -16.5% | 52.8% | 70.70% |
2019 | 9.8% | -8.5% | 27.3% | 53.33% |
Total Return Ranking - Trailing
Period | PFTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.3% | -4.8% | 13.6% | 14.16% |
1 Yr | 13.1% | -8.7% | 55.9% | 17.78% |
3 Yr | 1.3%* | -23.8% | 8.3% | 28.57% |
5 Yr | 3.9%* | -11.7% | 18.2% | 47.60% |
10 Yr | N/A* | -4.7% | 9.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PFTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.3% | -11.7% | 61.8% | 32.60% |
2022 | -13.3% | -48.5% | 4.6% | 44.93% |
2021 | 9.5% | -14.2% | 48.3% | 61.06% |
2020 | 3.0% | -11.7% | 77.4% | 80.00% |
2019 | 10.0% | -3.9% | 30.2% | 78.10% |
NAV & Total Return History
PFTEX - Holdings
Concentration Analysis
PFTEX | Category Low | Category High | PFTEX % Rank | |
---|---|---|---|---|
Net Assets | 111 M | 1.98 M | 13.3 B | 61.57% |
Number of Holdings | 9 | 2 | 1954 | 93.45% |
Net Assets in Top 10 | 115 M | 1.16 M | 10.4 B | 49.34% |
Weighting of Top 10 | 100.15% | 0.4% | 149.2% | 7.42% |
Top 10 Holdings
- MEEDER-MUIRF-INS 55.90%
- MEEDER-DY AL-INS 16.78%
- MEEDER-SPECT-INS 10.00%
- MEEDER-BALAN-INS 7.91%
- MDR-MOD ALL-INS 3.52%
- MDR-CON ALL-INS 2.82%
- MEEDER TOTAL RETURN BOND- 1.45%
- PRFM TT R B-INS$ 1.31%
- BLKR-LIQ FED-INS 0.47%
Asset Allocation
Weighting | Return Low | Return High | PFTEX % Rank | |
---|---|---|---|---|
Stocks | 99.68% | 0.00% | 137.56% | 6.99% |
Cash | 0.47% | -33.22% | 99.05% | 89.52% |
Convertible Bonds | 0.07% | 0.00% | 8.92% | 45.41% |
Preferred Stocks | 0.00% | 0.00% | 5.36% | 34.93% |
Other | 0.00% | -29.71% | 128.17% | 51.53% |
Bonds | 0.00% | 0.00% | 106.59% | 55.02% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PFTEX % Rank | |
---|---|---|---|---|
Technology | 25.53% | 0.00% | 85.77% | 12.31% |
Healthcare | 16.97% | 0.00% | 38.63% | 22.56% |
Financial Services | 13.52% | 0.00% | 98.22% | 34.36% |
Consumer Cyclical | 10.45% | 0.00% | 25.83% | 36.92% |
Industrials | 7.71% | 0.00% | 23.85% | 66.67% |
Communication Services | 7.65% | 0.00% | 21.61% | 26.15% |
Consumer Defense | 5.24% | 0.00% | 37.51% | 60.00% |
Energy | 4.85% | 0.00% | 60.89% | 56.41% |
Real Estate | 3.53% | 0.00% | 99.45% | 44.10% |
Utilities | 2.42% | 0.00% | 91.12% | 62.56% |
Basic Materials | 2.13% | 0.00% | 56.73% | 74.87% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PFTEX % Rank | |
---|---|---|---|---|
US | 99.68% | 0.00% | 137.56% | 6.55% |
Non US | 0.00% | -1.94% | 41.50% | 39.30% |
PFTEX - Expenses
Operational Fees
PFTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.03% | 0.49% | 10.24% | 10.04% |
Management Fee | 1.25% | 0.00% | 1.50% | 91.27% |
12b-1 Fee | 0.10% | 0.00% | 1.00% | 31.13% |
Administrative Fee | 0.70% | 0.05% | 0.70% | 100.00% |
Sales Fees
PFTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
PFTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
PFTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 19.00% | 1.75% | 441.00% | 16.13% |
PFTEX - Distributions
Dividend Yield Analysis
PFTEX | Category Low | Category High | PFTEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 25.23% | 87.77% |
Dividend Distribution Analysis
PFTEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
PFTEX | Category Low | Category High | PFTEX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.98% | -2.01% | 13.72% | 87.34% |
Capital Gain Distribution Analysis
PFTEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 27, 2019 | $0.016 | OrdinaryDividend |
Dec 27, 2018 | $0.017 | OrdinaryDividend |
Dec 27, 2017 | $0.013 | OrdinaryDividend |
PFTEX - Fund Manager Analysis
Managers
Jennifer Enstad
Start Date
Tenure
Tenure Rank
Dec 11, 2017
4.47
4.5%
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 |
---|---|---|---|
0.07 | 33.83 | 6.59 | 13.0 |