PF Multi-Asset Fund
Data updated: 2023-06-07
C000194827 — PF Multi-Asset Fund. Developed ex-US Blend / Core Equity · $773.91M AUM · 0.51% expense ratio. Holdings, fees, performance and SEC filings.
C000194827 Fund Overview
PF Multi-Asset Fund is a US mutual fund managed by Pacific Funds Series Trust, categorised as Developed ex-US Blend / Core Equity. 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: Developed ex-US Blend / Core Equity
- Assets under management: $773.91M
- 1-year return: -9.6%
- SEC CIK: 0001137761
- SEC series ID: S000059407
- Share class ID: C000194827
C000194827 Investment Objective and Strategy
PF Multi-Asset 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 capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund buys and sells total return swap agreements to gain exposure to the large-capitalization and mid-capitalization asset classes of the U.S. and developed non-U.S. equity markets, including growth and value styles, that may be denominated in foreign currencies. Pacific Life Fund Advisors LLC (PLFA), the investment adviser to the Fund, actively manages the Funds exposures in these asset classes in seeking to contribute to overall returns for the Fund. The Fund may invest in a smaller number of holdings. PLFA allocates the Funds assets among these asset classes based on its investment views, which take into account the following factors that span across different time horizons: Valuations. Economic fundamentals. Investor sentiment. PLFA may increase or decrease the Funds exposure to an asset class in order to seek to capture upside opportunities, mitigate risk from disruptive market events, or for other reasons consistent with the Funds investment goal.
PLFA seeks to gain or increase exposure to those market segments that are expected to benefit from a blend of the above three factors. Conversely, PLFA seeks to eliminate or reduce exposure to those segments of the market that are expected to be adversely affected by these three factors, or where other asset classes appear more attractive. When constructing the portfolio, PLFA will buy and sell total return swap agreements to obtain exposure to each asset class as determined by its investment process. While PLFA currently believes the likelihood is low that it will use other instruments in place of total return swaps, PLFA may purchase or sell futures or exchange-traded funds (or total return swaps on exchange-traded funds) as an alternative to the total return swaps if it determines that such instruments should be used to obtain these exposures.
A significant portion of the Funds assets will be invested in investment grade debt securities, a portion of which serves as collateral for the Funds derivative positions. The investment grade debt securities are managed by Pacific Asset Management and will normally include corporate debt, asset-backed securities, mortgage-related securities, U.S. government securities and agency securities, and cash and cash equivalents. These holdings may earn some income for the Fund. Under normal circumstances, the derivatives collateral for the Fund is expected to maintain an average credit quality of A+ by Standard & Poors or of equivalent rating by Moodys or Fitch and a weighted average duration between 1 and 2.75 years.
C000194827 Performance
Total returns for C000194827 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -9.6% |
| 3 years (annualised) | 16.8% |
C000194827 Risk Information
Risk metrics for C000194827, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.7%
C000194827 Costs and Fees
C000194827 costs about $51 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.51%
- Gross expense ratio: 0.56%
- Portfolio turnover: 50%
- Brokerage commissions: 0.08 bps of average net assets (SEC N-CEN)
C000194827 Cashflows
Over the 12 months to 2023-03, PF Multi-Asset Fund had net inflows of $222.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $81.66M |
| 2023-02 | $4.01M |
| 2023-01 | $4.22M |
| 2022-12 | $25.54M |
| 2022-11 | $5.15M |
| 2022-10 | $4.38M |
C000194827 Debt Constituents
No individual debt constituents are reported in PF Multi-Asset Fund's latest SEC N-PORT filing.
C000194827 Prospectus and SEC Filings
Official PF Multi-Asset 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 Developed ex-US Blend / Core Equity 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.