PFFFX — PFG Fidelity Institutional AM Equity Index Strategy Fund
Data updated: 2026-09-28
PFFFX — PFG Fidelity Institutional AM Equity Index Strategy Fund. Holdings, fees, performance and SEC filings.
PFFFX Fund Overview
PFFFX — PFG Fidelity Institutional AM Equity Index 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: $706.40M
- 1-year return: 20.7%
- Ticker: PFFFX
- SEC CIK: 0001314414
- SEC series ID: S000068360
- Share class ID: C000218710
PFFFX Investment Objective and Strategy
PFG Fidelity Institutional AM Equity Index 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 total return.
Principal investment strategy
The Fund, under normal circumstances, will invest at least 80% of its net assets, plus any amounts of borrowing, in Fidelity mutual funds and Fidelity exchange traded funds (?Fidelity Underlying Funds?). The balance of the Fund?s net assets will be invested in Fidelity Underlying Funds or mutual funds or exchange traded funds (?ETFs?) managed by advisers other than Fidelity (?Other Underlying Funds?), under normal market circumstances. At least 80% of the Fund?s assets (defined as net assets plus the amount of any borrowing for investment purposes) will be invested in Fidelity Underlying Funds and Other Underlying Funds that invest primarily in U.S. equity securities of varying market capitalizations. The Fund operates as a fund of funds. In selecting Fidelity Underlying Funds and Other Underlying Funds to purchase or sell on behalf of the Fund, Pacific Financial Group, LLC (the ?Adviser?) considers data and analysis regarding a model portfolio of Fidelity Underlying Funds and, at times, Other Underlying Funds, provided by Fidelity Institutional Wealth Adviser LLC, which uses the brand name of Fidelity Institutional AM .
The Adviser is solely responsible for selecting the Fidelity Underlying Funds and Other Underlying Funds in which the Fund invests. No Fidelity entity is an investment adviser or sub-adviser to the Fund. To achieve the Fund?s objective, the Adviser intends to focus on Fidelity Underlying Funds and Other Underlying Funds that invest in equity indices that the Adviser believes will produce enhanced risk-adjusted returns, in light of market circumstances. The Adviser intends to invest in Fidelity Underlying Funds and Other Underlying Funds that are passively managed and that are designed to track a specific equity index. Equity indices will include those that are focused on specific market capitalizations, specific investment styles (for example, growth or value), or limits on expected volatility.
There are no restrictions on the type of equity index that the Adviser may choose to invest in. 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. Further, 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 Fidelity Underlying Funds and Other Underlying Funds. In some circumstances, the Adviser may use RiskPro to identify specific Fidelity Underlying Funds or Other 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 gain or loss 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.
PFFFX Holdings
Top 5 holdings of PFG Fidelity Institutional AM Equity Index Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Concord Street Trust | 62.64% |
| Fidelity Salem Street Trust | 30.13% |
| Fil Investment Services (uk) Ltd. | 4.92% |
| Fidelity Salem Street Trust | 1.97% |
| Blackrock Liquidity Funds | 0.68% |
PFFFX Portfolio Allocation
Asset-class allocation of PFG Fidelity Institutional AM Equity Index Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.7% |
| Cash & Equivalents | 0.7% |
PFFFX Performance
Total returns for PFFFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 10.6% |
| 1 year | 20.7% |
| 3 years (annualised) | 16.0% |
| 5 years (annualised) | 9.1% |
PFFFX Risk Information
Risk metrics for PFFFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.8%
PFFFX Costs and Fees
PFFFX costs about $198 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.98%
- Gross expense ratio: 1.98%
- Portfolio turnover: 14%
- Brokerage commissions: 0.17 bps of average net assets (SEC N-CEN)
PFFFX Cashflows
Over the 12 months to 2026-07, PFG Fidelity Institutional AM Equity Index Strategy Fund had net inflows of $153.43M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $11.59M |
| 2026-06 | $12.08M |
| 2026-05 | $8.13M |
| 2026-04 | $17.90M |
| 2026-03 | $11.29M |
| 2026-02 | $17.72M |
PFFFX Debt Constituents
No individual debt constituents are reported in PFG Fidelity Institutional AM Equity Index Strategy Fund's latest SEC N-PORT filing.
PFFFX Prospectus and SEC Filings
Official PFG Fidelity Institutional AM Equity Index 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.