Pacific Funds Ultra Short Income
Data updated: 2023-06-07
C000212335 — Pacific Funds Ultra Short Income. Leveraged · $63.40M AUM · 0.32% expense ratio · 2.3% 1-yr return. Holdings, fees, performance and SEC filings.
C000212335 Fund Overview
Pacific Funds Ultra Short Income is a US mutual fund managed by Pacific Funds Series Trust, categorised as Leveraged. 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: Leveraged
- Assets under management: $63.40M
- 1-year return: 2.3%
- SEC CIK: 0001137761
- SEC series ID: S000065628
- Share class ID: C000212335
C000212335 Investment Objective and Strategy
Pacific Funds Ultra Short 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 current income consistent with capital preservation.
Principal investment strategy
The Fund primarily invests in investment grade, U.S. dollar-denominated short-term fixed and floating rate debt securities, including corporate debt securities, mortgage-related securities, asset-backed securities, U.S. government securities and agency securities and money market instruments such as commercial paper, certificates of deposit, time deposits, deposit notes and bank notes. Debt securities in which the Fund invests may include those denominated in U.S. dollars and issued by foreign entities. The weighted average duration of this Fund will vary based on the sub-advisers market forecasts and will not normally exceed one year. 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 . The sub-adviser normally invests the Funds assets across different groups of industries/sectors, but may invest a significant percentage of the Funds assets in issuers in a single sector. As of March 31, 2022, a significant portion of the Fund is represented by securities of companies in the Financial sector. The components of the Fund are likely to change over time. Fundamental Research Process. The sub-advisers fundamental research process combines a bottom-up issuer analysis and top-down market assessment. A bottom-up issuer analysis relies upon the sub-advisers fundamental research analysis of individual issuers. A top-down market assessment provides a framework for portfolio risk positioning and sector allocations.
Once this is determined, the sub-adviser looks for companies that it believes have sustainable competitive positions, strong management teams and the ability to repay or refinance its debt obligations. The sub-adviser performs a credit analysis on each potential issuer and a relative value analysis for each potential investment. When selecting investments, the sub-adviser may invest in instruments that it believes have the potential for capital appreciation. Individual investment selection is based on the sub-advisers fundamental research process. Individual investments may be purchased or sold in the event the sub-adviser decides to adjust debt asset class weightings within the portfolio. An investment is generally sold when the issue has realized its price appreciation target, the issue no longer offers relative value, or an adverse change in corporate or sector fundamentals has occurred.
The Fund is not a money market fund and is not subject to the special regulatory requirements designed to enable money market funds to maintain a stable share price.
C000212335 Performance
Total returns for C000212335 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.3% |
| 3 years (annualised) | 2.5% |
C000212335 Risk Information
Risk metrics for C000212335, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.2%
C000212335 Costs and Fees
C000212335 costs about $32 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.32%
- Gross expense ratio: 0.66%
- Portfolio turnover: 75%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000212335 Cashflows
Over the 12 months to 2023-03, Pacific Funds Ultra Short Income had net inflows of $45.99M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $4.22M |
| 2023-02 | $5.82M |
| 2023-01 | $4.83M |
| 2022-12 | $8.65M |
| 2022-11 | $2.97M |
| 2022-10 | $1.82M |
C000212335 Debt Constituents
No individual debt constituents are reported in Pacific Funds Ultra Short Income's latest SEC N-PORT filing.
C000212335 Prospectus and SEC Filings
Official Pacific Funds Ultra Short Income 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 Leveraged 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.