PFIOX — PFG Janus Henderson Balanced Strategy Fund
Data updated: 2026-09-28
PFIOX — PFG Janus Henderson Balanced Strategy Fund. United States Multi-Cap / All-Cap Growth Equity. Holdings, fees, performance and SEC filings.
PFIOX Fund Overview
PFIOX — PFG Janus Henderson Balanced Strategy Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as United States Multi-Cap / All-Cap Growth 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 Growth Equity
- Assets under management: $294.62M
- 1-year return: 7.5%
- Ticker: PFIOX
- SEC CIK: 0001314414
- SEC series ID: S000073754
- Share class ID: C000230901
PFIOX Investment Objective and Strategy
PFG Janus Henderson Balanced 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 primary objective is capital appreciation
Principal investment strategy
The Fund seeks to achieve its investment objective by investing at least 80% of its net assets, plus any amounts of borrowing, in shares of mutual funds and exchange-traded funds (?ETFs?) advised by Janus Capital Management LLC, an indirect wholly-owned subsidiary of Janus Henderson Group plc (?Janus Henderson?), under normal market circumstances (?Janus Henderson Underlying Funds?). The balance of the Fund?s net assets will be invested in Janus Henderson Underlying Funds or mutual funds or ETFs managed by advisers other than Janus Henderson (?Other Underlying Funds?), under normal market circumstances. Each Janus Henderson Underlying Fund and Other Underlying Fund invests in equity and/or fixed-income securities, to obtain exposure to the broad equity and fixed income markets. The Fund operates as a fund of funds.
In selecting Janus Henderson 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 Janus Henderson, including data and analysis about the Janus Henderson Underlying Funds and Other Underlying Funds. The Adviser intends to have investment exposure that ranges from 30% to 70% of the Fund?s assets to either domestic equity securities of any capitalization or international and emerging market equity securities of any capitalization, or a combination of such equity securities. Equity securities shall consist of common stock of domestic, foreign, and emerging market issuers of any market capitalization. The Adviser intends to have the balance of the Fund?s investment exposure in fixed income securities of any duration or credit quality including high yield bonds (also known as junk bonds) or in cash.
Fixed income securities shall consist of government and corporate bonds, asset and mortgage-backed securities, commercial loans and floating rate loans of any maturity or investment grade. The Fund defines high-yield fixed income securities as corporate bonds or other bonds or debt instruments that are generally rated lower than Baa3 by Moody?s Investors Service, Inc. (?Moody?s?) or lower than BBB- by Standard and Poor?s Rating Group (?S&P?). A Janus Henderson Underlying Fund and Other Underlying Fund may invest in securities in emerging market countries. The Fund considers emerging market issuers to be those countries represented in the MSCI EAFE Emerging Markets Index. 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 Janus Underlying Funds and Other Underlying Funds.
In some circumstances, the Adviser may use RiskPro to identify specific Janus Underlying Funds and Other Underlying Funds in which to invest, on behalf of the Fund. For this Fund, the Adviser?s goal is to maintain the Fund?s maximum range of total returns, as estimated by RiskPro over a twelve-month period, within a range of 20% to 30%. Depending on market conditions, the Fund?s potential gain or loss, as estimated by RiskPro , may be less than 20% or greater than 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.
PFIOX Holdings
Top 7 holdings of PFG Janus Henderson Balanced Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Janus Investment Fund | 79.72% |
| Janus Investment Fund | 5.11% |
| Janus Detroit Street Trust | 4.92% |
| Janus Investment Fund | 3.51% |
| Janus Investment Fund | 3.50% |
| Janus Detroit Street Trust | 2.98% |
| Blackrock Liquidity Funds | 0.40% |
PFIOX Portfolio Allocation
Asset-class allocation of PFG Janus Henderson Balanced Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.7% |
| Cash & Equivalents | 0.4% |
PFIOX Performance
Total returns for PFIOX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.3% |
| 1 year | 7.5% |
| 3 years (annualised) | 10.2% |
PFIOX Risk Information
Risk metrics for PFIOX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.3%
PFIOX Costs and Fees
PFIOX costs about $249 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.49%
- Gross expense ratio: 2.49%
- Portfolio turnover: 23%
- Brokerage commissions: 0.82 bps of average net assets (SEC N-CEN)
PFIOX Cashflows
Over the 12 months to 2026-07, PFG Janus Henderson Balanced Strategy Fund had net outflows of $13.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$3.34M |
| 2026-06 | −$1.19M |
| 2026-05 | −$507.24K |
| 2026-04 | −$6.48M |
| 2026-03 | −$1.25M |
| 2026-02 | $1.80M |
PFIOX Debt Constituents
No individual debt constituents are reported in PFG Janus Henderson Balanced Strategy Fund's latest SEC N-PORT filing.
PFIOX Prospectus and SEC Filings
Official PFG Janus Henderson Balanced 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 Growth 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.