PF Inflation Managed Fund

C000004978 Fund Overview

PF Inflation Managed Fund is a US mutual fund managed by Pacific Funds Series Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Pacific Funds Series Trust
• Category: Money Market
• Assets under management: $33.49M
• 1-year return: -6.2%
• SEC CIK: 0001137761
• SEC series ID: S000001894
• Share class ID: C000004978

C000004978 Investment Objective and Strategy

PF Inflation Managed Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pacific Funds Series Trust.

Investment objective

This Fund seeks to maximize total return consistent with prudent investment management.

Principal investment strategy

This Fund invests its assets in debt securities. Normally, the Fund focuses on investment in or exposure to inflation-indexed debt securities. It is expected that the amount invested in or exposed to inflation-indexed debt securities (either through cash market purchases, forward commitments or derivative instruments) normally will be equivalent to at least 80% of the Funds net assets. Inflation-indexed debt securities are debt securities whose principal value or coupon payments are periodically adjusted according to an inflation index. If the index measuring inflation falls, the principal value of inflation-indexed debt securities and/or interest payable on such securities tends to fall. Duration management is a fundamental part of the investment strategy for this Fund. Duration is often used to measure a bonds sensitivity to interest rates.

The longer a funds duration, the more sensitive it is to interest rate risk . The shorter a funds duration, the less sensitive it is to interest rate risk . The Fund may also invest in debt securities issued by the U.S. government or its agencies and non-U.S. governments or their agencies; debt securities issued by U.S. and foreign companies (including companies based in emerging markets); mortgage-related securities; asset-backed securities; convertible securities; commercial paper and other money market instruments; and derivative instruments and forward commitments relating to the previously mentioned securities. The Fund may invest up to 30% of its assets in securities of foreign issuers that are denominated in foreign currencies, including up to 10% of its assets in securities of issuers based in countries with emerging market economies (whether U.S.

or non-U.S. dollar-denominated). The Fund will normally limit its foreign currency exposure (from these non-U.S. dollar-denominated securities and currencies) to 20% of its assets; to maintain this 20% limit, the sub-adviser will hedge back any non-U.S. dollar-denominated investments exceeding this 20% limit into U.S. dollars by using foreign currency derivatives such as foreign currency futures, options and forwards. The Fund may invest beyond the above limits in U.S. dollar-denominated securities of non-emerging market foreign issuers. The factors that will most influence the Funds performance are actual and expected inflation rates, as well as changes in real and nominal interest rates. (A real interest rate is the nominal interest rate less expected inflation.) A decline in real and nominal interest rates may benefit Fund performance, as could an increase in the actual rate of inflation.

Conversely, rising real and nominal interest rates, and a decline in actual inflation or expected inflation, may have a negative impact on Fund performance. Total return is made up of coupon income plus any gains or losses in the value of the Funds securities. When selecting securities, the sub-adviser: Decides what duration to maintain. Generally, the sub-adviser expects the Funds weighted average duration to be within 3 years (plus or minus) of the Funds benchmark index duration, which was 7.60 years as of March 31, 2018. Decides how to allocate among short, intermediate and long duration issues and how much should be invested in various types of instruments. Chooses companies to invest in by carrying out a credit analysis of potential investments. The sub-adviser frequently uses futures contracts, forwards, swaps and options contracts ( i.e., derivatives).

Futures contracts are purchased and sold to adjust interest rate exposure (duration) and/or as a substitute for the physical security. Foreign currency futures contracts, forwards or options are purchased or sold to gain or increase exposure to various currency markets, to shift currency exposure from one country to another and/or to hedge against foreign currency fluctuations. Interest rate swaps are used to adjust interest rate exposures and/or as a substitute for the physical security. Credit default swaps are used to manage default risk of an issuer and/or to gain exposure to a portion of the debt market or an individual issuer. Options are primarily purchased to manage interest rate and volatility exposures or are sold to generate income. The Fund is also expected to be invested substantially in forward commitments ( i.e., securities that are purchased or sold with payment and delivery taking place in the future) on inflation-indexed bonds to gain exposure to the inflation-linked market.

The Fund may purchase or sell securities on a when-issued or delayed delivery basis. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as sale-buybacks or dollar rolls). In addition to the strategies described above, the Fund typically uses derivatives and/or forward commitments as part of a strategy designed to reduce exposure to other risks, and to satisfy issuer diversification requirements. The sub-adviser may sell a holding when it fails to perform as expected or when other opportunities appear more attractive.

C000004978 Performance

Total returns for C000004978 (as of 2026-10-01), from SEC filings.

C000004978 Risk Information

Risk metrics for C000004978, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 10.5%

C000004978 Costs and Fees

C000004978 costs about $57 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.57%
• Gross expense ratio: 0.76%
• Portfolio turnover: 50%
• Brokerage commissions: 0.51 bps of average net assets (SEC N-CEN)

C000004978 Cashflows

Over the 12 months to 2023-03, PF Inflation Managed Fund had net inflows of $20.19M, from monthly SEC N-PORT filings.

C000004978 Debt Constituents

No individual debt constituents are reported in PF Inflation Managed Fund's latest SEC N-PORT filing.

C000004978 Prospectus and SEC Filings

Official PF Inflation Managed Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-07-28
• Prospectus (485BPOS) — filed 2021-07-29
• Prospectus (485BPOS) — filed 2020-08-05
• Portfolio holdings (N-PORT) — filed 2023-05-10
• Portfolio holdings (N-PORT) — filed 2023-02-27
• Portfolio holdings (N-PORT) — filed 2022-11-21
• Annual census (N-CEN) — filed 2023-06-07
• Annual census (N-CEN) — filed 2022-06-09

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.