Pacific Funds Diversified Income

C000212334 Fund Overview

Pacific Funds Diversified Income is a US mutual fund managed by Pacific Funds Series Trust, categorised as Emerging Markets Real Estate. 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: Emerging Markets Real Estate
• Assets under management: $27.90M
• 1-year return: -0.1%
• SEC CIK: 0001137761
• SEC series ID: S000065627
• Share class ID: C000212334

C000212334 Investment Objective and Strategy

Pacific Funds Diversified Income 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 a high level of current income. The Fund may also seek capital appreciation.

Principal investment strategy

This Fund invests principally in dividend paying and high-quality equity securities, as well as in income producing debt securities. The Fund pursues its investment goal by normally investing 60-75% of its assets in equity securities and the remaining assets in debt securities and cash equivalents. Pacific Life Fund Advisors LLC (PLFA), the investment adviser to the Fund, will rebalance the Fund no less frequently than quarterly to maintain that percentage allocation, plus or minus 5%. New investments and redemptions will be managed to seek to maintain the desired allocation. This Fund is sub-advised by Cadence Capital Management LLC (Cadence) for the equity portion of the Fund and Pacific Asset Management LLC (Pacific Asset Management) for the debt portion of the Fund. Cadence managed portion: Under normal circumstances, this portion of the Fund will invest in equity investments across the U.S., developed international markets and emerging markets, with an emphasis on premium yielding and high-quality companies, and may invest in other income focused asset classes (such as master limited partnerships (MLPs) and real estate investment trusts (REITs)) as needed to help achieve the Funds investment goal.

This portion of the Fund will focus on large-capitalization securities and mid-capitalization securities. Equity investments include common stock and securities or other instruments whose prices are linked to the value of common stock (such as American Depository Receipts (ADRs) and Global Depository Receipts (GDRs)). This portion of the Fund will typically invest up to 35% of its total assets in securities of foreign issuers and may invest in securities from any country, including emerging markets. This portion of the Fund may invest in securities denominated in both U.S. dollars and non-U.S. dollar currencies. Cadence chooses investments for its portion of the Fund that it believes will provide current income and/or increase in value over the long term. Cadence typically sells securities when their dividend yields or quality ratings decline below Cadences expectations and/or in connection with Cadences quarterly adjustments to allocations within its portion of the Fund.

Pacific Asset Management managed portion: This portion of the Funds allocations to non-investment grade debt instruments and investment grade debt instruments will change based on Pacific Asset Managements view of market conditions and, as a result, may range from up to 70% of its assets in non-investment grade (high yield/high risk, sometimes called junk bonds) debt instruments and floating rate loans to up to 80% of its assets in investment grade debt instruments, including corporate debt securities, asset-backed securities, U.S. government securities and agency securities. Debt instruments in which the Fund invests may include those issued by non-U.S. entities denominated in U.S. dollars. The weighted average duration for the debt portion of the Fund is expected to be within a range of one to seven years.

Duration is often used to measure a bonds or funds 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 . This portion of the Fund may also invest up to 10% of its assets, but not to exceed 20% of its assets in the aggregate, in each of the following investments: non-U.S. dollar denominated debt instruments, convertible securities or equity securities. Individual investments may be purchased or sold in the event Pacific Asset Management decides to adjust debt asset class weightings within this portion of the Fund. Individual investment selection is generally based on Pacific Asset Managements fundamental research process. Sector allocations are determined based on Pacific Asset Managements assessment of risk/return opportunities relative to the Funds investment goal.

Decisions to sell are generally based upon Pacific Asset Managements belief that the particular investment has achieved its valuation target, there have been changes in the fundamentals of the issuer, or another opportunity of greater relative value exists.

C000212334 Performance

Total returns for C000212334 (as of 2026-10-01), from SEC filings.

C000212334 Risk Information

Risk metrics for C000212334, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 19.6%

C000212334 Costs and Fees

C000212334 costs about $45 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.45%
• Gross expense ratio: 1.00%
• Portfolio turnover: 34%
• Brokerage commissions: 4.08 bps of average net assets (SEC N-CEN)

C000212334 Cashflows

Over the 12 months to 2020-06, Pacific Funds Diversified Income had net inflows of $751.46K, from monthly SEC N-PORT filings.

C000212334 Debt Constituents

No individual debt constituents are reported in Pacific Funds Diversified Income's latest SEC N-PORT filing.

C000212334 Prospectus and SEC Filings

Official Pacific Funds Diversified Income filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-08-05
• Prospectus (485BPOS) — filed 2019-08-08
• Portfolio holdings (N-PORT) — filed 2020-08-26
• Portfolio holdings (N-PORT) — filed 2020-05-20
• Portfolio holdings (N-PORT) — filed 2020-02-25
• Annual census (N-CEN) — filed 2020-06-08

Related Funds

Other Emerging Markets Real Estate funds tracked on ABC INVEST:

• Westwood Low Volatility Equity Fund (WLVIX)
• Pzena U.S. Large Cap Value ETF (PZLV)
• Noble Absolute Return ETF (NOPE)
• Jackson Square Global Growth Fund (JSPVX)
• Jackson Square Select 20 Growth Fund (DPCEX)

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.