Fund Evaluator:
PFG Fidelity Instl AM® Cor Pl BdStrtgy I (PFFBX)
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Best Performing in Intermediate Core-Plus Bond Over the Last Year
| 4.1% | Diamond Hill Core Plus Bond Y (DHNYX) |
| 3.9% | Diamond Hill Core Plus Bond I (DHNIX) |
| 3.7% | Diamond Hill Core Plus Bond Investor (DHNAX) |
| 3.5% | Weitz Core Plus Income Investor (WCPNX) |
| 3.4% | Nuveen Core Plus Bond I (TCBHX) |
Fund Details
PFG Fidelity Instl AM® Cor Pl BdStrtgy I Overview
PFG Fidelity Instl AM® Cor Pl BdStrtgy I (PFFBX) is an actively managed Taxable Bond Intermediate Core-Plus Bond fund. The Pacific Financial Group launched the fund in 2021.
The investment seeks current income. The fund, under normal circumstances, will invest at least 80% of its assets (defined as net assets plus the amount of any borrowing for investment purposes) 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 the advisers other than Fidelity (“Other underlying funds”), under normal market circumstances.
About PFG Fidelity Instl AM® Cor Pl BdStrtgy I (PFFBX)
There are 1 members of the management team with an average tenure of 1.37 years: Greg Silberman (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. PFG Fidelity Instl AM® Cor Pl BdStrtgy I has 8 securities in its portfolio. The top 10 holdings constitute 100.1% 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 Fidelity Instl AM® Cor Pl BdStrtgy I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. PFG Fidelity Instl AM® Cor Pl BdStrtgy I has 13.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.1% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 96.2% (83.1% domestic bond, 13.1% foreign bond and 0.1% convertible bond). PFG Fidelity Instl AM® Cor Pl BdStrtgy I has 3.4% of the portfolio in cash.
Assets Under Management
The fund has $69 million in total assets, which is below the $1 billion average for the Intermediate Core-Plus Bond 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.
PFFBX 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 Fidelity Instl AM® Cor Pl BdStrtgy I expense ratio is high compared to funds in the Intermediate Core-Plus Bond category. PFG Fidelity Instl AM® Cor Pl BdStrtgy I has an expense ratio of 2.31%, which is 196% 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 Fidelity Instl AM® Cor Pl BdStrtgy I 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 181% for the Intermediate Core-Plus Bond category.
Recently, in the month of July 2026, PFG Fidelity Instl AM® Cor Pl BdStrtgy I returned -1.6%, which earned it a grade of F, as the Intermediate Core-Plus Bond category had an average return of -1.3%. 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 Fidelity Instl AM® Cor Pl BdStrtgy I has a trailing yield of 2.42%, which is below the 4.36% 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 Fidelity Instl AM® Cor Pl BdStrtgy I Grades
Year to date, the fund has returned -1.3%, 0.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 1.4% over the past year (grade of F) and 2.8% over the past three years (grade of F).
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PFFBX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PFFBX Return (NAV) | -1.6% | -1.1% | 1.4% | 2.8% | na | na |
| PFFBX Grade | F | F | F | F | na | na |
| +/- Category | -0.2% | -0.4% | -1.4% | -1.4% | na | na |
| Intermediate Core-Plus Bond Avg | -1.3% | -0.7% | 2.7% | 4.2% | -0.2% | 1.8% |
| PFFBX Tax Cost Ratio | na | na | 1.0% | 0.8% | na | na |
PFFBX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PFFBX Return (NAV) | -1.3% | 5.9% | 0.8% | 4.2% | -13.7% | na | na | na | na | na | na |
| PFFBX Grade | F | F | F | F | C | na | na | na | na | na | na |
| +/- Category | -0.7% | -1.4% | -1.4% | -2.0% | -0.3% | na | na | na | na | na | na |
| Intermediate Core-Plus Bond Avg | -0.6% | 7.3% | 2.3% | 6.1% | -13.4% | -0.6% | 8.6% | 9.1% | -0.9% | 4.4% | 4.3% |
| Risk Measures | |
| Standard Deviation: | 5.7% |
| Total Risk Index: | 0.46 - Low |
| Category Risk Index: | 1.01 - Average |
| Category Risk Grade: | C (52% Rank) |
| Beta: | 1.00 |
| R-Squared: | 98% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | Medium Quality Moderate Sensitivity |
| Yield: | 2.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $69 Mil |
| Fund Total Assets: | $ 70 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 42% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.4 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Silberman Greg (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 100.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.1% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 83.1% |
| Foreign Bond: | 13.1% |
| Convertible Bond: | 0.1% |
| Other: | 0.2% |
| Cash: | 3.4% |
Purchase Information
| Fund Family: | The Pacific Financial Group |
| Phone Number: | 888-451-8734 |
| Website: |
| Status: | Open |
| Inception Date: | October 29, 2021 |
| 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 (%): | 2.31% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.78% |
| Share Class: | PFG Fidelity Instl AM® Cor Pl BdStrtgy I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
