Pacific Funds Core Income uses a straightforward process while taking on a larger corporate stake than most of its peers in the intermediate core-plus bond Morningstar Category. A thin corporate and asset-backed securities analyst bench, middling returns, and average fees warrant a Morningstar Analyst Rating of Neutral.
Will PLIDX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PLIDX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PLIDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PLIDX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The Price Pillar compares PLIDX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
The Performance Pillar is our evaluation of whether PLIDX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.