PFESX — PFG BR Target Allocation Equity Strategy Fund
Data updated: 2026-09-28
PFESX — PFG BR Target Allocation Equity Strategy Fund. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
PFESX Fund Overview
PFESX — PFG BR Target Allocation Equity Strategy Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as United States Multi-Cap / All-Cap 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: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $505.89M
- 1-year return: 20.6%
- Ticker: PFESX
- SEC CIK: 0001314414
- SEC series ID: S000068359
- Share class ID: C000218709
PFESX Investment Objective and Strategy
PFG BR Target Allocation 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 growth of capital.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing at least 80% of its net assets, (defined as net assets plus the amount of any borrowing for investment purposes) in ETFs managed by BlackRock Fund Advisors, LLC (?BlackRock Underlying Funds?). In addition, at least 80% of the Fund?s net assets (defined as net assets plus the amount of any borrowing for investment purposes) will be invested in BlackRock Underlying Funds that invest primarily in either or both U.S. and foreign equity securities of any capitalization. The balance of the Fund?s net assets will be invested in BlackRock Underlying Funds that may also invest primarily in either or both U.S. and foreign equity securities of any capitalization. Equity investments will include U.S. equity securities, foreign equity and emerging market equity securities The Fund considers emerging market countries to be those represented in the MSCI Emerging Markets Index.
The Fund operates as a fund of funds. In selecting BlackRock Underlying Funds and Other Underlying Funds to purchase or sell, on behalf of the Fund, Pacific Financial Group, LLC (the ?Adviser?) utilizes information provided by BlackRock, including data and analysis about BlackRock Underlying Funds. BlackRock Underlying Funds will invest primarily in equity securities of varying market capitalizations in order to obtain exposure to the broad equity market. The Fund utilizes macro-economic insight developed by the BlackRock Model Portfolio Solutions team. The Fund utilizes a dynamic approach to asset allocation driven by quantitative and qualitative assessments such as valuation, corporate earnings, factor rotation, sentiment, market outlook and economic trends and insights from policy experts.
Although the Fund does not intend to focus its investments in any particular sector, its portfolio may be focused in certain sectors from time to time as a result of its investment process and indirectly through the holdings of the BlackRock Underlying Funds. The Fund?s target allocation will be 100% equity investment exposure, with a target of 70% in global equities (as represented by the MSCI ACWI Index) and 30% in domestic equities (as represented by the MSCI USA Index). The MSCI ACWI Index is an index that tracks broad based global equity markets comprising of 23 developed countries and 25 emerging markets. The MSCI USA Index is an index that tracks the performance of large and medium capitalization segments of the US markets. In addition, in managing the Fund?s 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 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. RiskPro?s algorithms take into account, among other factors, the volatility of the portfolio over the prior twelve months; a comparison of the portfolio?s 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. The Adviser utilizes RiskPro to manage the Fund?s volatility as a whole, and to assess the impact of the Fund?s investment in BlackRock Underlying Funds. In some circumstances, the Adviser may use RiskPro to identify specific BlackRock Underlying Funds in which to invest, on behalf of the Fund.
For this Fund, there is no limit on the Fund?s maximum annual volatility. Consequently, in managing the Fund, the Adviser will permit the Fund?s potential total return, over a twelve-month period, as estimated by RiskPro , to exceed a loss or gain of more than 30%. Depending on market conditions, the Fund?s potential gain or loss, as estimated by RiskPro , may be below 30% from time to time. The use of RiskPro allows investors to evaluate whether the expected volatility of the Fund, as estimated by RiskPro over a forward-looking rolling twelve-month period, is aligned with the investors? level of comfort with investment risk.
PFESX Holdings
Top 10 holdings of PFG BR Target Allocation Equity Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ishares Trust | 25.71% |
| Ishares Trust | 12.99% |
| Ishares Trust | 12.14% |
| Blackrock ETF Trust | 10.01% |
| Ishares Trust | 8.40% |
| Ishares Trust | 7.05% |
| Ishares Trust | 4.52% |
| Ishares Trust | 4.01% |
| Ishares, Inc. | 3.50% |
| Ishares, Inc. | 3.49% |
PFESX Portfolio Allocation
Asset-class allocation of PFG BR Target Allocation Equity Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 0.5% |
PFESX Performance
Total returns for PFESX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 11.0% |
| 1 year | 20.6% |
| 3 years (annualised) | 16.7% |
| 5 years (annualised) | 8.8% |
PFESX Risk Information
Risk metrics for PFESX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.4%
PFESX Costs and Fees
PFESX costs about $212 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.12%
- Gross expense ratio: 2.12%
- Portfolio turnover: 8%
- Brokerage commissions: 1.73 bps of average net assets (SEC N-CEN)
PFESX Cashflows
Over the 12 months to 2026-07, PFG BR Target Allocation Equity Strategy Fund had net inflows of $76.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $1.23M |
| 2026-06 | $3.61M |
| 2026-05 | $4.41M |
| 2026-04 | $8.42M |
| 2026-03 | $7.31M |
| 2026-02 | $9.20M |
PFESX Debt Constituents
No individual debt constituents are reported in PFG BR Target Allocation Equity Strategy Fund's latest SEC N-PORT filing.
PFESX Prospectus and SEC Filings
Official PFG BR Target Allocation Equity Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-08-25
- Prospectus (485BPOS) — filed 2025-08-26
- Prospectus supplement (497) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2025-07-14
- Annual census (N-CEN) — filed 2024-07-15
Related Funds
Other United States Multi-Cap / All-Cap 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.