PF Short Duration Bond Fund
Data updated: 2023-06-07
C000005015 — PF Short Duration Bond Fund. Money Market · $229.38M AUM · 0.55% expense ratio · -0.7% 1-yr return. Holdings, fees, performance and SEC filings.
C000005015 Fund Overview
PF Short Duration Bond 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: $229.38M
- 1-year return: -0.7%
- SEC CIK: 0001137761
- SEC series ID: S000001905
- Share class ID: C000005015
C000005015 Investment Objective and Strategy
PF Short Duration Bond 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 current income;
Principal investment strategy
Under normal circumstances, this Fund invests at least 80% of its assets in debt securities (including derivatives on such securities). Normally the Fund will focus on high quality, investment grade securities. Generally, the sub-adviser expects to track duration of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index (plus or minus a half-year), which was 1.85 years as of March 31, 2018, although the securities held may have short, intermediate, and long terms to maturity (the period of time until final payment is due). In addition to making active sector allocation and security selection decisions, the sub-adviser also monitors Fund duration as part of its management of this Fund. The Funds weighted average duration will not likely exceed 3 years. 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 sub-adviser intends to invest principally in U.S. government and agency securities, mortgage-related securities, asset-backed securities, corporate debt securities and derivatives thereof, money market instruments, and repurchase agreements collateralized by U.S. government securities. The Fund may invest up to 55% of its assets in investment grade corporate debt securities, including derivatives thereof. The Fund may invest up to 25% of its assets in foreign debt denominated in U.S. dollars. Within this broad structure, investment decisions reflect the sub-advisers outlook for interest rates and the economy as well as the prices and yields of the various securities.
The sub-adviser uses futures contracts, forwards and swaps ( 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 or forwards are sold to hedge against currency fluctuations. Interest rate swaps are used to adjust interest rate exposures and/or as a substitute for the physical security. The sub-adviser may invest in forward commitments ( i.e., securities that are purchased or sold with payment and delivery taking place in the future), such as when issued securities and mortgage TBA (to be announced) transactions, which are purchased to gain exposure to the mortgage market. The sub-adviser may sell holdings for a variety of reasons, such as to adjust the Funds average maturity, duration, or credit quality or to shift assets into and out of higher yielding or lower yielding securities or different sectors.
C000005015 Performance
Total returns for C000005015 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.7% |
| 3 years (annualised) | 0.9% |
C000005015 Risk Information
Risk metrics for C000005015, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.1%
C000005015 Costs and Fees
C000005015 costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.67%
- Portfolio turnover: 76%
- Brokerage commissions: 0.15 bps of average net assets (SEC N-CEN)
C000005015 Cashflows
Over the 12 months to 2023-03, PF Short Duration Bond Fund had net inflows of $229.36M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $38.57M |
| 2023-02 | $2.96M |
| 2023-01 | $2.93M |
| 2022-12 | $10.41M |
| 2022-11 | $38.42M |
| 2022-10 | $2.60M |
C000005015 Debt Constituents
No individual debt constituents are reported in PF Short Duration Bond Fund's latest SEC N-PORT filing.
C000005015 Prospectus and SEC Filings
Official PF Short Duration Bond 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:
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.