Fund Evaluator:

PFG Invesco® Eq Fact Rotation Strtgy I Overview

PFG Invesco® Eq Fact Rotation Strtgy I (PFIOX) is an actively managed International Equity Global Small/Mid Stock fund. The Pacific Financial Group launched the fund in 2021.

The investment seeks aggressive growth. The fund seeks to achieve its investment objective by investing at 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”) managed by Invesco Advisers, Inc. or its affiliates collectively (“Invesco”), an indirect wholly-owned subsidiary of Invesco Ltd. (“Invesco underlying funds”). The balance of the fund’s net assets will be invested in Invesco underlying funds or mutual funds or ETFs managed by the advisers other than Invesco (“Other underlying funds”).

About PFG Invesco® Eq Fact Rotation Strtgy I (PFIOX)

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: Morningstar Agg Tgt Risk TR USD index with a weighting of 100%. PFG Invesco® Eq Fact Rotation Strtgy I has 12 securities in its portfolio. The top 10 holdings constitute 99.8% 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 Invesco® Eq Fact Rotation Strtgy I is part of the Equity global asset class and is within the International Equity fund group. PFG Invesco® Eq Fact Rotation Strtgy I has 25.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 74.3%. There is 25.3% 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 Invesco® Eq Fact Rotation Strtgy I has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $79 million in total assets, which is below the $892 million average for the Global Small/Mid Stock 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.

PFIOX 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 Invesco® Eq Fact Rotation Strtgy I expense ratio is high compared to funds in the Global Small/Mid Stock category. PFG Invesco® Eq Fact Rotation Strtgy I has an expense ratio of 2.20%, which is 75% 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 Invesco® Eq Fact Rotation Strtgy I has a portfolio turnover rate of 76%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Global Small/Mid Stock category.

Recently, in the month of July 2026, PFG Invesco® Eq Fact Rotation Strtgy I returned -0.3%, which earned it a grade of B, as the Global Small/Mid Stock category had an average return of -2.0%. 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 Invesco® Eq Fact Rotation Strtgy I has a trailing yield of 0.05%, which is below the 1.34% 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 Invesco® Eq Fact Rotation Strtgy I Grades

Year to date, the fund has returned 11.7%, 0.9 percentage points better than the category, which translates into a grade of C. The fund has returned 17.2% over the past year (grade of C) and 13.3% over the past three years (grade of A).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about PFG Invesco® Eq Fact Rotation Strtgy I, including its riskiness, submit your email to unlock the rest of the article.