Fund Evaluator:

PFG Janus Henderson® Blncd Strtgy I Overview

PFG Janus Henderson® Blncd Strtgy I (PFJHX) is an actively managed Allocation Moderate Allocation fund. The Pacific Financial Group launched the fund in 2021.

The investment seeks capital appreciation; income is the secondary consideration. 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 ETFs advised by Janus Henderson. 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.

About PFG Janus Henderson® Blncd Strtgy I (PFJHX)

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 Mod Tgt Risk TR USD index with a weighting of 100%. PFG Janus Henderson® Blncd Strtgy I has 6 securities in its portfolio. The top 10 holdings constitute 99.9% 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 Janus Henderson® Blncd Strtgy I is part of the Allocation global asset class and is within the Allocation fund group. PFG Janus Henderson® Blncd Strtgy I has 3.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 63.0%. There is 1.0% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 33.4% (31.4% domestic bond, 2.0% foreign bond and 0.0% convertible bond). PFG Janus Henderson® Blncd Strtgy I has 2.5% of the portfolio in cash.

Assets Under Management

The fund has $294 million in total assets, which is below the $2 billion average for the Moderate Allocation 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.

PFJHX 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 Janus Henderson® Blncd Strtgy I expense ratio is high compared to funds in the Moderate Allocation category. PFG Janus Henderson® Blncd Strtgy I has an expense ratio of 2.48%, which is 150% 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 Janus Henderson® Blncd Strtgy I has a portfolio turnover rate of 23%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.

Recently, in the month of July 2026, PFG Janus Henderson® Blncd Strtgy I returned -1.1%, which earned it a grade of D, as the Moderate Allocation 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 Janus Henderson® Blncd Strtgy I has a trailing yield of 0.25%, which is below the 1.97% 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 Janus Henderson® Blncd Strtgy I Grades

Year to date, the fund has returned 3.3%, 3.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 7.4% over the past year (grade of F) and 10.2% over the past three years (grade of F).

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