Target Conservative Allocation Fund Class B (PBCFX)

11.36
Net Asset Value
-0.09%
1 Day
+0.26%
Year-to-Date
Overall Morningstar Rating
Conservative allocation
Style or Category
No Load
Sales Expenses
2.27%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide current income and a reasonable level of capital appreciation. The fund invests in a mix of equity and fixed-income securities that may be appropriate for investors, such as those in early retirement, who need to draw income from investments while obtaining a measure of long-term capital growth as a hedge against inflation. Its focus on bonds for greater stability of principal also makes it suitable for conservative investors seeking income and modest growth, especially those concerned about market volatility. The Manager monitors the performance of the fund's subadvisers and allocates the fund's assets among its subadvisers.

Performance

1 month-0.79% 3 years+6.40%
3 months+0.09% 5 years+9.91%
1 year+7.18% Since inception+4.94%
Data through --

Peer Comparisonvs. Conservative allocation

 PBCFXCategory
Performance 5-yr return+9.91%+11.15%
Expense ratio2.27%1.32%
Risk 5 year sharpe ratio1.641.59
Net assets$115.9M$1.4B
Average market cap$39.1B$43.9B
Average P/E18.617.1
Portfolio turnover210%210%

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Fund Management and Purchase Info

Fund familyTarget Program
Fund manager & tenureChris Dialynas / 13 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Fixed income67.13%
U.S. stock22.66%
Cash8.34%
International stock1.87%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 17.26%
Industrial materials 15.62%
Consumer service 12.65%
Energy 8.74%
Healthcare 8.41%
Top 10 Holdings
Portfolio weighting
-- 90day Euro$ Future 12/14/15 Notional Euro$ 3mo Td11.93%
-- 90day Euro$ Futr 09/14/15 Notional Euro$ 3mo Td8.14%
-- US Treasury Note 1.5%4.72%
-- 5 Year US Treasury Note Future June144.52%
-- 90day Euro$ Future 03/14/16 Notional Euro$ 3mo Td4.42%
-- FNMA4.15%
-- 90day Euro$ Futr 06/15/15 Notional Euro$ 3mo Td3.46%
-- US Treasury Note 1.5%3.33%
-- FNMA3.26%
-- Cme Irs Usd R 3ml-3.00 09/21/17 Maturity Buy Receiver; No Pmt;rec Cpn 3.0001.90%

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