PFSSX — PFG US Equity Index Strategy Fund
Data updated: 2026-09-28
PFSSX — PFG US Equity Index Strategy Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $220.76M AUM. Holdings, fees, performance and SEC filings.
PFSSX Fund Overview
PFSSX — PFG US 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: $220.76M
- 1-year return: 17.2%
- Ticker: PFSSX
- SEC CIK: 0001314414
- SEC series ID: S000084014
- Share class ID: C000248140
PFSSX Investment Objective and Strategy
PFG US 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 growth of capital.
Principal investment strategy
The Fund, under normal circumstances, will invest least 80% of its assets (defined as net assets plus the amount of any borrowing for investment purposes) in mutual funds and exchange traded funds (?ETFs?) that are passively managed and seek to track a specific index consisting of U.S. equity securities of any capitalization (?Underlying Funds?), in order to obtain exposure to the U.S. equity market. The Fund is an actively managed fund and does not seek to track any particular index. The Fund operates as a fund of funds. In selecting Underlying Funds to purchase or sell on behalf of the Fund, Pacific Financial Group, LLC (the ?Adviser?) will utilize information about equity model portfolios offered by various institutional strategists. The Adviser will be responsible for deciding which Underlying Funds to purchase and sell on behalf of the Fund.
To achieve the Fund?s objective, the Adviser intends to focus on Underlying Funds that invest in U.S. equity indices that the Adviser believes will produce enhanced risk-adjusted returns, in light of market circumstances. The Adviser intends to invest in Underlying Funds that are passively managed and that are designed to track a specific U.S. equity index. U.S. 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 U.S. 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 and indirectly through the holdings of Underlying Funds.
The Fund utilizes a strategic asset allocation approach that focuses on long-term growth based on long-term returns, risk and correlation forecasts. The Fund?s target allocation will be 100% equity investment exposure, with a target of 100% in U.S. equities. 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 Underlying Funds. 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 Underlying Funds. In some circumstances, the Adviser may use RiskPro to identify specific 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.
PFSSX Holdings
Top 6 holdings of PFG US Equity Index Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Index Funds | 45.22% |
| Vanguard Scottsdale Funds | 24.33% |
| Vanguard Scottsdale Funds | 22.97% |
| Vanguard Index Funds | 5.86% |
| Vanguard Scottsdale Funds | 1.40% |
| Blackrock Liquidity Funds | 0.55% |
PFSSX Portfolio Allocation
Asset-class allocation of PFG US Equity Index Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 0.6% |
PFSSX Performance
Total returns for PFSSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.2% |
| 1 year | 17.2% |
| 3 years (annualised) | 15.7% |
PFSSX Risk Information
Risk metrics for PFSSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.8%
PFSSX Costs and Fees
PFSSX costs about $200 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.00%
- Gross expense ratio: 2.00%
- Portfolio turnover: 21%
- Brokerage commissions: 2.07 bps of average net assets (SEC N-CEN)
PFSSX Cashflows
Over the 12 months to 2026-07, PFG US Equity Index Strategy Fund had net inflows of $70.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $4.46M |
| 2026-06 | $6.18M |
| 2026-05 | $4.98M |
| 2026-04 | −$14.78M |
| 2026-03 | $12.93M |
| 2026-02 | $11.14M |
PFSSX Debt Constituents
No individual debt constituents are reported in PFG US Equity Index Strategy Fund's latest SEC N-PORT filing.
PFSSX Prospectus and SEC Filings
Official PFG US 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
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.