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Aristotle Portfolio Optimization Moderate Conservative Fund
mutual fund
POBAX
Payout Change
Pending
Price as of:
$10.78
+0.05
+0.47%
primary theme
U.S. Conservative/Balanced Allocation
share class
POBAX (Mutual Fund)
Aristotle Portfolio Optimization Moderate Conservative Fund
Payout Change
Pending
Price as of:
$10.78
+0.05
+0.47%
primary theme
U.S. Conservative/Balanced Allocation
share class
POBAX (Mutual Fund)
Aristotle Portfolio Optimization Moderate Conservative Fund
Payout Change
Pending
Price as of:
$10.78
+0.05
+0.47%
primary theme
U.S. Conservative/Balanced Allocation
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$10.78
$212 M
2.46%
$0.26
1.12%
Vitals
YTD Return
11.9%
1 yr return
9.4%
3 Yr Avg Return
0.4%
5 Yr Avg Return
4.1%
Net Assets
$212 M
Holdings in Top 10
87.8%
52 WEEK LOW AND HIGH
$10.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.12%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$10.78
$212 M
2.46%
$0.26
1.12%
POBAX - Profile
Distributions
- YTD Total Return 11.9%
- 3 Yr Annualized Total Return 0.4%
- 5 Yr Annualized Total Return 4.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.14%
- Dividend Yield 2.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAristotle Portfolio Optimization Moderate Conservative Fund
-
Fund Family Namepacific funds series trust
-
Inception DateDec 31, 2003
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerHoward Hirakawa
Fund Description
This Fund is a “fund of funds” that seeks to achieve its investment goal by investing in a combination of underlying funds, including funds that are actively managed by an affiliate of the investment adviser and unaffiliated ETFs, including passively managed funds that seek to track the performance of a benchmark index. The allocation of the Fund’s assets between underlying funds sub-advised by an affiliate of the investment adviser and unaffiliated ETFs will vary over time, although the sub-adviser currently expects to invest, under normal circumstances, between 40% and 90% of the Fund’s assets in underlying funds sub-advised by an affiliate of the investment adviser. Under normal market conditions, the Fund’s exposures to the two broad asset classes of debt and equity are expected to be within the following ranges:
| BROAD ASSET CLASS ALLOCATIONS | |
| Debt | Equity |
| 50-70% | 30-50% |
The sub-adviser manages the investment program for the Fund through a multi-step process that includes:
(1) Asset Allocation/Portfolio Construction—The sub-adviser manages the Fund using an approximate 10-year investment horizon. An asset class model (the “Model”) for the Fund is developed that seeks to meet the Fund’s investment goal over this period using both equity and debt asset classes. The equity asset class includes narrower asset classes such as domestic small-capitalization, mid-capitalization and large-capitalization, growth and value strategies, and international and emerging market equities. The debt asset class also includes narrower asset classes such as investment grade bonds, high yield/high risk bonds, bank loans, international debt and emerging market debt.
The sub-adviser then determines the amount of the Fund’s assets to invest in each underlying fund in order to obtain the asset class exposures designated by the Model for the Fund.
The sub-adviser may adjust the asset class allocations to any point within the above ranges, and/or adjust the narrower asset class allocations, or the allocations to the underlying funds, at any time as it deems necessary based on the sub-adviser’s views of market conditions, its outlook for various asset classes or other factors that it determines are relevant in seeking to achieve the Fund’s investment goal (“dynamic positioning”).
For example, the sub-adviser may engage in dynamic positioning for the Fund by adjusting the Model to reflect a shorter-term view of the markets or a particular asset class, to seek to capture upside opportunities or mitigate risk from market events, or for cash management purposes. The sub-adviser would then make the appropriate adjustments to its underlying funds allocations to reflect the updated asset class allocations in the Model. This dynamic positioning would be implemented consistent with the Fund’s risk/return profile and investment goal.
(2) Investment Risk Management—The sub-adviser monitors and analyzes the investment risks of the Fund, evaluates their impact on the Fund’s risk/return objectives and considers adjustments to the Fund’s allocations as a result.
Investments of the underlying funds that invest primarily in debt instruments include investment grade debt securities, including U.S. Government securities, corporate bonds, mortgage-related securities, and other asset-backed securities; foreign debt securities, including emerging market debt; debt instruments of varying duration; convertible securities; high yield/high risk bonds; and floating rate loans; and inflation-indexed bonds.
Investments of the underlying funds that invest primarily in equity instruments include growth and value stocks; large-, mid- and small-capitalization companies; sector-specific stocks; and domestic and foreign stocks, including emerging market stocks. Underlying funds that operate as passively managed index funds may invest directly in the component securities of the benchmark index or may seek to
replicate the performance of the benchmark index through index sampling.
The Fund is expected to be as fully invested as practical, although it may maintain liquidity reserves to meet redemption requests.
The Fund may invest a significant portion of its assets in any single underlying fund. The sub-adviser has sole discretion in selecting the underlying funds for investment and may adjust the Fund’s allocations to the underlying funds, and add or remove underlying funds, as it deems appropriate to meet the Fund’s investment goal.
For additional information about the Fund and its Underlying Fund investments, please see the Additional Information About Principal Investment Strategies and Principal Risks section in the Prospectus.
POBAX - Performance
Return Ranking - Trailing
| Period | POBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -4.8% | 15.9% | 5.45% |
| 1 Yr | 9.4% | -4.7% | 16.6% | 23.02% |
| 3 Yr | 0.4%* | -14.1% | 5.0% | 72.86% |
| 5 Yr | 4.1%* | -6.0% | 7.8% | 47.54% |
| 10 Yr | 4.4%* | -0.7% | 7.4% | 41.79% |
* Annualized
Return Ranking - Calendar
| Period | POBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.4% | -1.0% | 27.4% | 17.37% |
| 2022 | -26.7% | -35.0% | -7.4% | 98.74% |
| 2021 | 0.7% | -11.5% | 14.6% | 61.60% |
| 2020 | 9.6% | -10.3% | 40.7% | 4.92% |
| 2019 | 13.0% | -9.5% | 22.1% | 13.76% |
Total Return Ranking - Trailing
| Period | POBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -4.8% | 15.9% | 5.45% |
| 1 Yr | 9.4% | -4.7% | 16.6% | 23.02% |
| 3 Yr | 0.4%* | -14.1% | 5.0% | 72.86% |
| 5 Yr | 4.1%* | -6.0% | 7.8% | 47.54% |
| 10 Yr | 4.4%* | -0.7% | 7.4% | 41.79% |
* Annualized
Total Return Ranking - Calendar
| Period | POBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.3% | 2.6% | 28.2% | 23.57% |
| 2022 | -16.9% | -35.0% | -3.1% | 95.48% |
| 2021 | 7.6% | -11.5% | 32.0% | 52.58% |
| 2020 | 12.4% | -5.4% | 40.7% | 10.93% |
| 2019 | 15.6% | 4.5% | 27.7% | 37.36% |
NAV & Total Return History
POBAX - Holdings
Concentration Analysis
| POBAX | Category Low | Category High | POBAX % Rank | |
|---|---|---|---|---|
| Net Assets | 212 M | 305 K | 50.8 B | 78.96% |
| Number of Holdings | 19 | 2 | 4065 | 68.56% |
| Net Assets in Top 10 | 183 M | 309 K | 10.3 B | 64.36% |
| Weighting of Top 10 | 87.76% | 8.4% | 111.4% | 34.90% |
Top 10 Holdings
- Aristotle Core Income Fund 32.47%
- Vanguard Value ETF 11.44%
- Aristotle Growth Equity Fund 7.89%
- Vanguard Total Bond Market ETF 7.49%
- Aristotle Core Equity Fund 7.39%
- Aristotle International Equity Fund 7.23%
- Aristotle High Yield Bond Fund 5.78%
- Aristotle Short Duration Income Fund 3.79%
- Vanguard FTSE Emerging Markets ETF 2.15%
- Vanguard Mid-Cap Value ETF 2.14%
Asset Allocation
| Weighting | Return Low | Return High | POBAX % Rank | |
|---|---|---|---|---|
| Stocks | 99.60% | 0.00% | 100.11% | 29.46% |
| Convertible Bonds | 2.50% | 0.00% | 71.77% | 14.25% |
| Cash | 0.40% | -35.68% | 23.34% | 66.58% |
| Preferred Stocks | 0.00% | 0.00% | 21.95% | 50.99% |
| Other | 0.00% | -0.88% | 61.47% | 52.23% |
| Bonds | 0.00% | 0.00% | 79.72% | 62.87% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | POBAX % Rank | |
|---|---|---|---|---|
| Financial Services | 19.06% | 0.00% | 83.50% | 5.54% |
| Technology | 13.62% | 0.22% | 27.92% | 69.27% |
| Real Estate | 13.19% | 0.00% | 43.16% | 9.57% |
| Industrials | 12.37% | 0.14% | 17.90% | 13.60% |
| Consumer Cyclical | 10.57% | 0.00% | 14.20% | 38.04% |
| Healthcare | 8.23% | 0.00% | 24.25% | 94.21% |
| Communication Services | 6.44% | 0.00% | 11.11% | 53.65% |
| Energy | 5.73% | 0.00% | 62.93% | 37.78% |
| Basic Materials | 4.50% | 0.00% | 32.82% | 39.55% |
| Consumer Defense | 3.74% | 0.00% | 18.62% | 94.46% |
| Utilities | 2.55% | 0.00% | 48.33% | 78.34% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | POBAX % Rank | |
|---|---|---|---|---|
| US | 99.60% | 0.00% | 100.11% | 29.46% |
| Non US | 0.00% | 0.00% | 21.55% | 55.20% |
POBAX - Expenses
Operational Fees
| POBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.12% | 0.06% | 21.26% | 32.67% |
| Management Fee | 0.45% | 0.00% | 1.25% | 62.53% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.97% |
| Administrative Fee | 0.15% | 0.01% | 0.70% | 69.39% |
Sales Fees
| POBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 1.00% | 5.75% | 38.81% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| POBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| POBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 2.00% | 380.00% | 27.91% |
POBAX - Distributions
Dividend Yield Analysis
| POBAX | Category Low | Category High | POBAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.46% | 0.00% | 7.99% | 61.88% |
Dividend Distribution Analysis
| POBAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| POBAX | Category Low | Category High | POBAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.14% | -1.22% | 6.83% | 78.39% |
Capital Gain Distribution Analysis
| POBAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2023 | $0.264 | OrdinaryDividend |
| Dec 08, 2022 | $1.244 | CapitalGainLongTerm |
| Dec 30, 2021 | $0.295 | OrdinaryDividend |
| Dec 08, 2021 | $0.556 | CapitalGainLongTerm |
| Dec 30, 2020 | $0.316 | OrdinaryDividend |
| Dec 30, 2019 | $0.221 | OrdinaryDividend |
| Dec 05, 2019 | $0.001 | CapitalGainShortTerm |
| Dec 05, 2019 | $0.040 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.198 | OrdinaryDividend |
| Dec 06, 2018 | $1.804 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.268 | OrdinaryDividend |
| Dec 07, 2017 | $0.005 | CapitalGainShortTerm |
| Dec 07, 2017 | $0.135 | CapitalGainLongTerm |
| Dec 29, 2016 | $0.237 | OrdinaryDividend |
| Dec 08, 2016 | $0.275 | CapitalGainLongTerm |
| Dec 30, 2015 | $0.294 | OrdinaryDividend |
| Dec 04, 2015 | $0.342 | CapitalGainLongTerm |
| Dec 30, 2014 | $0.252 | OrdinaryDividend |
| Dec 05, 2014 | $0.198 | CapitalGainLongTerm |
| Dec 30, 2013 | $0.183 | OrdinaryDividend |
| Dec 06, 2013 | $0.049 | CapitalGainLongTerm |
| Dec 28, 2012 | $0.284 | OrdinaryDividend |
| Dec 29, 2011 | $0.223 | OrdinaryDividend |
| Dec 30, 2010 | $0.189 | OrdinaryDividend |
| Jun 30, 2010 | $0.088 | OrdinaryDividend |
| Dec 30, 2009 | $0.165 | OrdinaryDividend |
| Jun 30, 2009 | $0.108 | OrdinaryDividend |
| Dec 30, 2008 | $0.402 | OrdinaryDividend |
| Jun 30, 2008 | $0.033 | OrdinaryDividend |
| Jun 30, 2008 | $0.001 | CapitalGainShortTerm |
| Jun 30, 2008 | $0.097 | CapitalGainLongTerm |
| Dec 28, 2007 | $0.301 | OrdinaryDividend |
| Dec 28, 2007 | $0.001 | CapitalGainShortTerm |
| Dec 28, 2007 | $0.046 | CapitalGainLongTerm |
| Jun 29, 2007 | $0.039 | OrdinaryDividend |
| Jun 29, 2007 | $0.002 | CapitalGainShortTerm |
| Jun 29, 2007 | $0.129 | CapitalGainLongTerm |
| Dec 28, 2006 | $0.224 | OrdinaryDividend |
| Dec 28, 2006 | $0.114 | CapitalGainLongTerm |
| Jun 30, 2006 | $0.024 | OrdinaryDividend |
| Jun 30, 2006 | $0.020 | CapitalGainShortTerm |
| Jun 30, 2006 | $0.120 | CapitalGainLongTerm |
| Dec 29, 2005 | $0.172 | OrdinaryDividend |
| Dec 29, 2005 | $0.000 | CapitalGainShortTerm |
| Dec 29, 2005 | $0.011 | CapitalGainLongTerm |
| Jun 30, 2005 | $0.015 | OrdinaryDividend |
| Jun 30, 2005 | $0.004 | CapitalGainLongTerm |
| Dec 30, 2004 | $0.120 | OrdinaryDividend |
| Dec 30, 2004 | $0.024 | CapitalGainLongTerm |
POBAX - Fund Manager Analysis
Managers
Howard Hirakawa
Start Date
Tenure
Tenure Rank
Dec 31, 2003
18.43
18.4%
Howard T. Hirakawa, CFA, senior vice president of Pacific Life and PLFA since 2014, vice president for Pacific Life Funds since 2006, and portfolio manager since 2003. Mr. Hirakawa was vice president of Pacific Life and PLFA from 2006 to 2014 until he was promoted to his current position. He joined Pacific Life in 1990 and is responsible for the investment oversight. Hirakawa holds the Chartered Financial Analyst designation. Mr. Hirakawa has a BS from San Diego State University and an MBA from Claremont Graduate School.He began his investment career in 1999
Carleton Muench
Start Date
Tenure
Tenure Rank
Nov 30, 2006
15.51
15.5%
Carleton J. Muench, CFA, vice president of Pacific Life and PLFA since 2014, vice president of Pacific Funds and assistant vice president of Pacific Select Fund since 2006, and portfolio manager since 2006. Mr. Muench was assistant vice president of PLFA from 2007 to 2014 until he was promoted to his current position. He joined Pacific Life in 2006 and is responsible for investment oversight relating to Pacific Select Fund, Pacific Funds and asset allocation services. He began his investment career in 1998. Mr. Muench has a BS and an MS from Northeastern University. He holds the Chartered Financial Analyst designation. Mr. Muench has a BS and an MS from Northeastern University.
Samuel Park
Start Date
Tenure
Tenure Rank
May 30, 2013
9.01
9.0%
Director of Pacific Life and director of fundamental research of PLFA since 2017, and portfolio manager since 2013. Mr. Park was investment consultant of Pacific Life and PLFA from 2008 to 2017 until he was promoted to his current position. Mr. Park joined Pacific Life in 2008 where he manages the asset allocation function related to Pacific Life Funds and Pacific Select Fund. Prior to joining Pacific Life, Mr. Park was a market research associate of Buchanan Street Partners from 2006 to 2008. He was a senior associate (from 2001 through 2006) and an analyst (from 2000 through 2001) of R.W. Wentworth & Co. From 1999 to 2000, Mr. Park was a portfolio manager assistant of ING Furman Selz Capital Management. He has a BA from Boston University.He began his investment career in 1999 .
Max Gokhman
Start Date
Tenure
Tenure Rank
Aug 01, 2015
6.84
6.8%
Max Gokhman, CFA, Assistant vice president of Pacific Life and assistant vice president of asset allocation of PLFA since 2016, and portfolio manager of PLFA since 2015. Mr. Gokhman was director of Pacific Life and director of asset allocation of PLFA from 2014 to 2016 until he was promoted to his current position. He joined Pacific Life in 2014 and is responsible for managing the asset allocation process as well as developing asset class views and market outlooks for Pacific Funds and Pacific Select Fund. Prior to joining Pacific Life, Mr. Gokhman was a portfolio manager at Mellon Capsital from 2011 to 2014 where he managed a global macro strategy that invested in equities, debt, currencies, and commodities. He has a BA from Claremont McKenna College.
Jie "Edward" Sheng
Start Date
Tenure
Tenure Rank
Aug 01, 2021
0.83
0.8%
Portfolio Manager of PLFA since 2021, Director of Pacific Life and Director of Quantitative Research of PLFA since 2018 and Quantitative Researcher of PLFA since 2016. Mr. Sheng is responsible for designing advanced quantitative models that help guide the asset allocation decisions for Pacific Funds and Pacific Select Fund. He is also responsible for strategic asset allocation investment decisions. He began his investment career in 2013 and has a Ph.D. from Arizona State University, an MS degree from the University of California, Los Angeles, and a BS from Nanjing University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 28.73 | 6.38 | 2.41 |
