Pacific Funds Floating Rate Income (PLFRX)
The investment seeks a high level of current income. The fund invests principally in income producing floating rate loans and floating rate debt securities. Under normal circumstances, it invests at least 80% of its assets in floating rate loans and floating rate debt securities. The fund may invest up to 25% of its assets in U.S. dollar denominated foreign investments, principally in developed markets. It may invest up to 20% of its assets in other types of debt instruments or securities including non-investment grade (high yield/high risk, sometimes called "junk bonds") debt instruments.
Fund Info
| ISIN | US04045F5926 |
|---|---|
| CUSIP | 69447T771 |
| Issuer | Pacific Funds Series Trust |
| Inception Date | Jun 29, 2011 |
| Category | Bank Loan |
| Min. Investment | $500,000 |
| Asset Class | Bond |
Expense Ratio
PLFRX features an expense ratio of 0.68%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PLFRX vs. RCTIX, PLFRX vs. FFRHX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Pacific Funds Floating Rate Income, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Pacific Funds Floating Rate Income had a return of 5.52% year-to-date (YTD) and 9.25% in the last 12 months. Over the past 10 years, Pacific Funds Floating Rate Income had an annualized return of 4.53%, while the S&P 500 had an annualized return of 10.85%, indicating that Pacific Funds Floating Rate Income did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.52% | 17.79% |
| 1 month | 0.72% | 0.18% |
| 6 months | 3.56% | 7.53% |
| 1 year | 9.25% | 26.42% |
| 5 years (annualized) | 5.31% | 13.48% |
| 10 years (annualized) | 4.53% | 10.85% |
Monthly Returns
The table below presents the monthly returns of PLFRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.56% | 1.11% | 0.96% | 0.56% | 0.74% | 0.38% | 0.68% | 0.40% | 5.52% | ||||
| 2023 | 2.64% | 0.57% | 0.32% | 1.30% | -0.25% | 2.16% | 1.44% | 1.18% | 0.67% | 0.17% | 1.40% | 1.57% | 13.94% |
| 2022 | 0.40% | -0.43% | 0.04% | -0.17% | -2.13% | -2.59% | 2.35% | 1.61% | -2.45% | 1.26% | 1.29% | 0.18% | -0.78% |
| 2021 | 0.82% | 0.46% | 0.01% | 0.52% | 0.61% | 0.74% | -0.06% | 0.43% | 0.56% | 0.29% | -0.05% | 0.53% | 4.96% |
| 2020 | 0.20% | -1.17% | -9.51% | 3.20% | 3.66% | -0.12% | 1.74% | 1.07% | 0.20% | -0.11% | 1.80% | 1.31% | 1.64% |
| 2019 | 2.35% | 1.86% | -0.44% | 1.56% | -0.25% | 0.33% | 0.94% | -0.08% | 0.40% | -0.19% | 0.58% | 0.99% | 8.32% |
| 2018 | 0.74% | 0.15% | 0.40% | 0.41% | 0.20% | 0.12% | 0.73% | 0.54% | 0.59% | -0.16% | -0.84% | -2.41% | 0.44% |
| 2017 | 0.84% | 0.57% | -0.05% | 0.50% | 0.30% | -0.15% | 0.68% | 0.09% | 0.26% | 0.69% | 0.16% | 0.35% | 4.33% |
| 2016 | -0.31% | -0.05% | 2.00% | 1.25% | 0.75% | -0.11% | 1.07% | 0.67% | 0.70% | 0.77% | 0.36% | 1.50% | 8.91% |
| 2015 | -0.48% | 1.66% | 0.18% | 1.19% | 0.38% | -0.58% | -0.03% | -0.94% | -0.06% | 0.15% | -0.32% | -0.37% | 0.74% |
| 2014 | 0.62% | 0.25% | 0.25% | -0.02% | 0.54% | 0.46% | 0.08% | 0.17% | -0.65% | 0.10% | 0.26% | -1.73% | 0.31% |
| 2013 | 1.20% | 0.38% | 1.04% | 0.82% | 0.11% | -0.69% | 1.19% | -0.18% | 0.29% | 0.89% | 0.50% | 0.53% | 6.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PLFRX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Pacific Funds Floating Rate Income (PLFRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Pacific Funds Floating Rate Income granted a 8.93% dividend yield in the last twelve months. The annual payout for that period amounted to $0.85 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.85 | $0.52 | $0.41 | $0.39 | $0.51 | $0.49 | $0.45 | $0.43 | $0.44 | $0.49 | $0.41 |
Dividend yield | 8.93% | 8.92% | 5.64% | 4.22% | 4.05% | 5.12% | 5.08% | 4.46% | 4.21% | 4.52% | 4.85% | 3.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Pacific Funds Floating Rate Income. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.00 | $0.55 | |||
| 2023 | $0.06 | $0.06 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.85 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.07 | $0.52 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2019 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2018 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.49 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.44 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.49 |
| 2013 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Pacific Funds Floating Rate Income. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pacific Funds Floating Rate Income was 18.75%, occurring on Mar 23, 2020. Recovery took 175 trading sessions.
The current Pacific Funds Floating Rate Income drawdown is 0.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.75% | Feb 3, 2020 | 35 | Mar 23, 2020 | 175 | Nov 30, 2020 | 210 |
| -6.51% | Jul 29, 2011 | 19 | Aug 24, 2011 | 92 | Jan 5, 2012 | 111 |
| -5.7% | Feb 3, 2022 | 105 | Jul 6, 2022 | 132 | Jan 12, 2023 | 237 |
| -3.98% | Oct 10, 2018 | 55 | Dec 28, 2018 | 39 | Feb 26, 2019 | 94 |
| -3.23% | Sep 8, 2014 | 71 | Dec 16, 2014 | 84 | Apr 20, 2015 | 155 |
Volatility
Volatility Chart
The current Pacific Funds Floating Rate Income volatility is 0.63%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.