PFDEX — PFG Equity Strategy Fund
Data updated: 2021-12-21
PFDEX — PFG Equity Strategy Fund. Developed ex-US Blend / Core Equity · $196.92M AUM · 2.37% expense ratio. Holdings, fees, performance and SEC filings.
PFDEX Fund Overview
PFDEX — PFG Equity Strategy Fund is a US mutual fund managed by Northern Lights Fund 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: Northern Lights Fund Trust
- Category: Developed ex-US Blend / Core Equity
- Assets under management: $196.92M
- 1-year return: 37.5%
- Ticker: PFDEX
- SEC CIK: 0001314414
- SEC series ID: S000058604
- Share class ID: C000192511
PFDEX Investment Objective and Strategy
PFG Equity Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.
Investment objective
The Fund seeks aggressive growth.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing primarily in shares of mutual funds and exchange-traded funds (Underlying Funds), with each Underlying Fund investing primarily in U.S. equity securities of varying market capitalizations, in order to obtain exposure to the U.S. broad equity market. Under normal circumstances, the Adviser invests at least 80% of the Funds net assets plus any amounts of borrowing in equity securities. The Fund defines equity securities as stocks and Underlying Funds that invest primarily in stocks. The Funds investments made without regard to style or sector exposure. The Adviser may also invest a portion of the Funds assets in Underlying Funds that invest in international securities, fixed-income securities, liquid alternative/specialty securities, or cash equivalents.
The percentage of the Funds net assets allocated to equities, fixed-income securities, liquid alternative/specialty securities, and cash equivalents will vary. In selecting Underlying Funds to purchase or sell, on behalf of the Fund, the Adviser uses a proprietary investment analysis called Rational Analysis. The Advisers Rational Analysis investment approach relies on Fundamental Analysis, Technical Analysis, and Quantitative Studies in selecting positions. Technical Analysis: This method attempts to forecast future price movement by analyzing historical price patterns. Fundamental Analysis: This method is used to evaluate what a securitys intrinsic value should be by examining related economic, financial, and other qualitative and quantitative factors. The outcome of this analysis can then be compared to the securitys current value to determine if it is over or underpriced.
Quantitative Analysis: This method analyzes historical price patterns and relationships between securities in an effort to create an optimal portfolio, which is the highest level of expected return for each level of risk. Rather than using one of the above methods exclusively, the Adviser seeks to integrate the optimal elements of each method into a Rational decision-making model. In addition, in managing the Funds level of investment risk, the Adviser utilizes RiskPro, a software technology developed by ProTools, LLC, an affiliate of the Adviser. Based on proprietary algorithms, RiskPro provides an estimate of the maximum range of gain or loss of a portfolio of securities, over a forward-looking rolling twelve-month period. The higher the RiskPro estimate, the greater the level of volatility that the Fund may experience over a twelve-month period.
As a result, investors may select investments that are designed to be aligned with their level of comfort with investment risk. RiskPros algorithms take into account, among other factors, the volatility of the portfolio over the prior twelve months; a comparison of the portfolios volatility over the prior twelve-month period to the volatility of the S&P 500 Index; and the long-term volatility of the S&P 500 Index. For this Fund, there is no limit on the Fund's maximum annual volatility. That is, as estimated by RiskPro, the Funds total return, over a twelve-month period, can exceed a loss or gain of more than 30%. The Fund is designed for investors that are willing to endure an amount of investment risk comparable to, or greater than, the volatility of the S&P 500, as the Funds returns can range from a loss in excess of 30% to a gain in excess of 30%.
Depending on market conditions, the Funds potential gain or loss, as estimated by RiskPro, may be below 30% from time to time. The Adviser takes a strategic approach to investing, and intends to maintain a reasonably aggressive allocation of investments, under normal market circumstances.
PFDEX Performance
Total returns for PFDEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 37.5% |
| 3 years (annualised) | 13.0% |
PFDEX Risk Information
Risk metrics for PFDEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.9%
PFDEX Costs and Fees
PFDEX costs about $237 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.37%
- Gross expense ratio: 2.37%
- Portfolio turnover: 161%
- Brokerage commissions: 5.19 bps of average net assets (SEC N-CEN)
PFDEX Cashflows
Over the 12 months to 2021-10, PFG Equity Strategy Fund had net inflows of $160.68M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-10 | $57.97M |
| 2021-09 | $5.65M |
| 2021-08 | $6.97M |
| 2021-07 | $3.59M |
| 2021-06 | $5.03M |
| 2021-05 | $5.80M |
PFDEX Debt Constituents
No individual debt constituents are reported in PFG Equity Strategy Fund's latest SEC N-PORT filing.
PFDEX Prospectus and SEC Filings
Official PFG Equity Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-09-03
- Prospectus (485BPOS) — filed 2019-09-05
- Prospectus supplement (497) — filed 2021-09-07
- Portfolio holdings (N-PORT) — filed 2021-12-21
- Portfolio holdings (N-PORT) — filed 2021-09-28
- Portfolio holdings (N-PORT) — filed 2021-06-23
- Annual census (N-CEN) — filed 2021-07-14
- Annual census (N-CEN) — filed 2020-07-14
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.