What is PIFI?

PIFI is actively managed to invest in a variety of USD-denominated bonds with an average portfolio maturity of 0-10 years, carrying an investment-grade rating.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PIFI 1.34% 4.28% 1.77% -4.63% -- -- --
PIFI (NAV) 1.30% 4.30% 1.64% -4.47% -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PIFI Factset Analytics Insight

PIFI invests in US corporate and government debt obligations, mortgage-backed, commercial mortgage-backed and asset-backed securities as well repurchase agreements collateralized by US debt obligations. The Sub-adviser selects securities both on a top-down macroeconomic approach and on a bottom-up security-level analysis. Macroeconomic factors may include monetary, fiscal, and regulatory policies, market valuations and volatility, inflation, and supply and demand. The portfolio managers combines their assessment of these macroeconomic factors into the team’s outlook for interest rates, sector strengths or weaknesses, and liquidity, that will ultimately shape the fund’s overall risk profile. The average portfolio maturity is targeted at of 0-10 years. Between April 16, 2021 and May 11, 2021, the fund's ticker was BTC.

PIFI Summary Data

10/02/20
0.46%
$131.16M
No Underlying Index
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
+$0.00B 90 Days

PIFI Portfolio Data

3.67
--
4.43%
N/A
--

PIFI Index Data

No Underlying Index
Proprietary
Proprietary
N/A

PIFI Portfolio Management

0.46%
--
--
--

PIFI Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

PIFI Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 01/23/23

This measurement shows how easy it is to trade a $1 million USD block of PIFI. PIFI is rated a N/A out of 5.

PIFI Tradability

1,761
$154.70K
352
$22.67K
0.03%
$0.02
0.01%
0.26% / -0.14%
None
100.00%
50,000
0.01
0.01%
--
0
$92.02
N/A

PIFI Sector/Industry Breakdown

PIFI Segment
Benchmark
35.68% --
33.35% --
5.86% --
4.76% --
4.56% --
2.48% --
2.34% --
2.09% --
2.02% --
1.53% --

PIFI Top 10 Holdings

3.74%
2.53%
2.21%
2.16%
2.08%
2.05%
2.01%
1.94%
1.93%
1.90%
22.54%

PIFI Performance Statistics

--
--
--
--
--

PIFI Top 5 Countries

PIFI Segment
Benchmark
97.87% --
1.57% --
0.47% --
0.09% --

PIFI Top 5 Currencies

PIFI Segment
Benchmark
97.87% --
1.57% --
0.47% --
0.09% --

PIFI Avg Life Maturity Distribution

8.83%
13.68%
19.76%
27.18%
13.43%
17.11%
--
--
--

PIFI OAS Breakdown

91.24%
8.76%
--
--
--
--
--
--
--
--
--

PIFI Holdings Statistics

4.08 years
3.67
4.43%
3.73
--
--
0.33%

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.