Fund Evaluator:
PFG Janus Henderson Tactical Inc Stgy I (PFTSX)
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Best Performing in Global Moderately Conservative Allocation Over the Last Year
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Fund Details
PFG Janus Henderson Tactical Inc Stgy I Overview
PFG Janus Henderson Tactical Inc Stgy I (PFTSX) is an actively managed Allocation Global Moderately Conservative Allocation fund. The Pacific Financial Group launched the fund in 2020.
The investment seeks current income. Under normal market circumstances, 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 exchange-traded funds (“ETFs”) advised by Janus Henderson Investors U.S. LLC, an indirect wholly owned subsidiary of Janus Henderson Group plc (“Janus Henderson”), (“Janus Henderson underlying funds”).
About PFG Janus Henderson Tactical Inc Stgy I (PFTSX)
There are 1 members of the management team with an average tenure of 1.46 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 Con Tgt Risk TR USD index with a weighting of 100%. PFG Janus Henderson Tactical Inc Stgy I has 10 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 Tactical Inc Stgy I is part of the Allocation global asset class and is within the Allocation fund group. PFG Janus Henderson Tactical Inc Stgy I has 22.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 25.2%. There is 18.4% allocated to foreign stock, and 0.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 53.0% (49.0% domestic bond, 3.9% foreign bond and 0.2% convertible bond). PFG Janus Henderson Tactical Inc Stgy I has 2.6% of the portfolio in cash.
Assets Under Management
The fund has $100 million in total assets, which is below the $305 million average for the Global Moderately Conservative 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.
PFTSX 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 Tactical Inc Stgy I expense ratio is high compared to funds in the Global Moderately Conservative Allocation category. PFG Janus Henderson Tactical Inc Stgy I has an expense ratio of 2.45%, 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 Tactical Inc Stgy I has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Global Moderately Conservative Allocation category.
Recently, in the month of August 2026, PFG Janus Henderson Tactical Inc Stgy I returned 1.2%, which earned it a grade of C, as the Global Moderately Conservative Allocation category had an average return of 1.1%. 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 Tactical Inc Stgy I has a trailing yield of 1.66%, which is below the 3.06% 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 Tactical Inc Stgy I Grades
Year to date, the fund has returned 5.1%, 1.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 8.4% over the past year (grade of F), 9.4% over the past three years (grade of D) and 3.5% per year over the past five years (grade of D).
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PFTSX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PFTSX Return (NAV) | 1.2% | 0.5% | 8.4% | 9.4% | 3.5% | na |
| PFTSX Grade | C | D | F | D | D | na |
| +/- Category | 0.0% | -0.3% | -1.6% | -0.7% | -0.4% | na |
| Global Moderately Conservative Allocation Avg | 1.1% | 0.8% | 10.0% | 10.1% | 3.9% | 5.5% |
| PFTSX Tax Cost Ratio | na | na | 0.7% | 0.9% | 1.4% | na |
PFTSX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PFTSX Return (NAV) | 5.1% | 12.3% | 6.1% | 10.0% | -13.0% | 6.3% | na | na | na | na | na |
| PFTSX Grade | D | B | D | D | B | F | na | na | na | na | na |
| +/- Category | -1.2% | 0.7% | -1.2% | -0.4% | 0.6% | -1.3% | na | na | na | na | na |
| Global Moderately Conservative Allocation Avg | 6.3% | 11.6% | 7.3% | 10.4% | -13.5% | 7.5% | 8.9% | 15.0% | -4.8% | 10.7% | 6.1% |
| Risk Measures | |
| Standard Deviation: | 7.2% |
| Total Risk Index: | 0.59 - Below Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (45% Rank) |
| Beta: | 0.77 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 1.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $100 Mil |
| Fund Total Assets: | $ 101 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Silberman Greg (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 10 |
| % in Top 10 Holdings: | 99.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 22.4% |
Portfolio Allocation |
|
| Domestic Stock: | 25.2% |
| Foreign Stock: | 18.4% |
| Preferred Stock: | 0.5% |
| Domestic Bond: | 49.0% |
| Foreign Bond: | 3.9% |
| Convertible Bond: | 0.2% |
| Other: | 0.0% |
| Cash: | 2.6% |
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 (%): | 2.45% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | PFG Janus Henderson Tactical Inc Stgy I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
