Fund Evaluator:
PFG BR Target Allocation EqStrtgyIShares (PFESX)
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Best Performing in Global Large-Stock Blend Over the Last Year
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| 23.6% | PFG BR Target Allocation EqStrtgyIShares (PFESX) |
Fund Details
PFG BR Target Allocation EqStrtgyIShares Overview
PFG BR Target Allocation EqStrtgyIShares (PFESX) is an actively managed International Equity Global Large-Stock Blend fund. The Pacific Financial Group launched the fund in 2020.
The investment seeks growth of capital. 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.
About PFG BR Target Allocation EqStrtgyIShares (PFESX)
There are 1 members of the management team with an average tenure of 1.29 years: Greg Silberman (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Morningstar Agg Tgt Risk TR USD index with a weighting of 100%. PFG BR Target Allocation EqStrtgyIShares has 15 securities in its portfolio. The top 10 holdings constitute 91.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
PFG BR Target Allocation EqStrtgyIShares is part of the Equity global asset class and is within the International Equity fund group. PFG BR Target Allocation EqStrtgyIShares has 20.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 78.9%. There is 20.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). PFG BR Target Allocation EqStrtgyIShares has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $510 million in total assets, which is below the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PFESX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PFG BR Target Allocation EqStrtgyIShares expense ratio is high compared to funds in the Global Large-Stock Blend category. PFG BR Target Allocation EqStrtgyIShares has an expense ratio of 2.12%, which is 103% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PFG BR Target Allocation EqStrtgyIShares has a portfolio turnover rate of 42%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.
Recently, in the month of June 2026, PFG BR Target Allocation EqStrtgyIShares returned 0.1%, which earned it a grade of B, as the Global Large-Stock Blend category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
PFG BR Target Allocation EqStrtgyIShares has a trailing yield of 0.00%, which is below the 0.96% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PFG BR Target Allocation EqStrtgyIShares Grades
Year to date, the fund has returned 12.2%, 3.3 percentage points better than the category, which translates into a grade of A. The fund has returned 23.6% over the past year (grade of B), 18.3% over the past three years (grade of B) and 9.2% per year over the past five years (grade of C).
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PFESX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PFESX Return (NAV) | 0.1% | 16.3% | 23.6% | 18.3% | 9.2% | na |
| PFESX Grade | B | A | B | B | C | na |
| +/- Category | 0.4% | 4.8% | 5.2% | 2.2% | 0.3% | na |
| Global Large-Stock Blend Avg | -0.3% | 11.5% | 18.4% | 16.1% | 8.9% | 11.0% |
| PFESX Tax Cost Ratio | na | na | 0.7% | 0.2% | 0.9% | na |
PFESX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PFESX Return (NAV) | 12.2% | 19.0% | 17.0% | 20.5% | -21.2% | 17.7% | na | na | na | na | na |
| PFESX Grade | A | D | B | B | F | C | na | na | na | na | na |
| +/- Category | 3.3% | -0.8% | 3.8% | 1.7% | -4.9% | 0.4% | na | na | na | na | na |
| Global Large-Stock Blend Avg | 9.0% | 19.8% | 13.2% | 18.8% | -16.3% | 17.4% | 14.6% | 25.9% | -10.3% | 22.9% | 6.7% |
| Risk Measures | |
| Standard Deviation: | 12.6% |
| Total Risk Index: | 1.04 - Average |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (60% Rank) |
| Beta: | 0.98 |
| R-Squared: | 98% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $510 Mil |
| Fund Total Assets: | $ 510 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 42% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.3 years | |||
| Average Tenure: 1.3 years | |||
| Managers (Year): Silberman Greg (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 15 |
| % in Top 10 Holdings: | 91.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 20.6% |
Portfolio Allocation |
|
| Domestic Stock: | 78.9% |
| Foreign Stock: | 20.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | The Pacific Financial Group |
| Phone Number: | 888-451-8734 |
| Website: |
| Status: | Open |
| Inception Date: | May 1, 2020 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.12% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | PFG BR Target Allocation EqStrtgyIShares |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
