BTS Tactical Fixed Income Fund (BTFAX)
Under normal circumstances, the fund invests (long or short) at least 80% of its assets in fixed income securities of domestic and foreign issuers or counterparties ("80% investment policy"). The Adviser seeks to achieve the fund's investment objective by investing primarily in a portfolio of fixed income securities without restriction as to maturity, credit quality, type of issuer, country or currency.
Fund Info
US66538B6020
66538B602
May 30, 2013
$1,000
Expense Ratio
BTFAX has a high expense ratio of 1.65%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
BTS Tactical Fixed Income Fund (BTFAX) returned -1.17% year-to-date (YTD) and 4.19% over the past 12 months. Over the past 10 years, BTFAX returned 0.06% annually, underperforming the S&P 500 benchmark at 10.84%.
BTFAX
-1.17%
0.26%
-2.01%
4.19%
-0.83%
-1.95%
0.06%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of BTFAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.29% | 0.76% | -1.26% | -2.31% | 0.39% | -1.17% | |||||||
| 2024 | -0.13% | -0.13% | 1.05% | -1.68% | 1.44% | 0.45% | 2.09% | 1.28% | 1.58% | -1.13% | 1.40% | -0.97% | 5.29% |
| 2023 | 3.32% | -2.97% | -0.20% | 0.26% | -1.15% | 0.31% | 1.03% | -0.13% | -1.76% | -0.92% | 1.46% | 3.01% | 2.12% |
| 2022 | -2.40% | -0.11% | -1.90% | -2.51% | 1.17% | -7.07% | 0.88% | -2.35% | 0.00% | -0.26% | 3.19% | -1.90% | -12.82% |
| 2021 | -0.42% | -0.32% | 0.24% | 0.53% | 0.00% | 1.07% | -0.52% | -0.84% | -1.18% | 0.22% | -0.75% | -0.19% | -2.18% |
| 2020 | 2.01% | -0.10% | -0.77% | -0.42% | 0.73% | -0.10% | 2.19% | -1.12% | -1.47% | -1.58% | 0.32% | 1.82% | 1.43% |
| 2019 | 0.00% | 1.39% | 0.67% | 1.27% | 0.21% | 0.18% | 0.21% | -0.52% | -0.30% | -0.21% | 0.32% | 1.04% | 4.30% |
| 2018 | -0.58% | -2.24% | -0.04% | -0.70% | -0.20% | -0.03% | 1.52% | 0.50% | 0.51% | -0.90% | -1.81% | -2.69% | -6.53% |
| 2017 | 0.77% | 1.06% | -0.23% | 0.77% | 0.86% | -0.04% | 0.76% | -0.00% | 0.48% | 0.00% | -1.52% | -0.06% | 2.86% |
| 2016 | 2.00% | 3.29% | 2.62% | 2.82% | 0.10% | -0.87% | 0.10% | 1.63% | 0.74% | -0.85% | -0.10% | 1.60% | 13.79% |
| 2015 | -0.20% | 1.73% | -0.45% | 0.60% | 0.30% | -1.59% | 0.61% | -0.10% | -0.20% | 0.20% | -1.82% | -1.37% | -2.31% |
| 2014 | 0.41% | 1.73% | 0.00% | 0.20% | 0.81% | 0.59% | -1.20% | -0.10% | -0.19% | -0.10% | 0.71% | -0.25% | 2.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BTFAX is 55, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BTS Tactical Fixed Income Fund (BTFAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
BTS Tactical Fixed Income Fund provided a 4.62% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.34 | $0.27 | $0.17 | $0.16 | $0.07 | $0.30 | $0.32 | $0.28 | $0.50 | $0.08 | $0.22 |
Dividend yield | 4.62% | 4.42% | 3.51% | 2.11% | 1.69% | 0.68% | 3.17% | 3.38% | 2.67% | 4.89% | 0.87% | 2.20% |
Monthly Dividends
The table displays the monthly dividend distributions for BTS Tactical Fixed Income Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | |||||||
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.34 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.11 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.16 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.07 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.12 | $0.30 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.32 |
| 2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.04 | $0.28 |
| 2016 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.35 | $0.50 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.08 |
| 2014 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.22 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BTS Tactical Fixed Income Fund. 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 BTS Tactical Fixed Income Fund was 19.79%, occurring on Nov 9, 2023. The portfolio has not yet recovered.
The current BTS Tactical Fixed Income Fund drawdown is 12.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.79% | Oct 23, 2017 | 1523 | Nov 9, 2023 | — | — | — |
| -4.5% | Apr 28, 2015 | 179 | Jan 11, 2016 | 33 | Feb 29, 2016 | 212 |
| -3.75% | Oct 25, 2016 | 14 | Nov 11, 2016 | 29 | Dec 23, 2016 | 43 |
| -2.91% | Jun 9, 2016 | 38 | Aug 2, 2016 | 24 | Sep 6, 2016 | 62 |
| -2.7% | Jun 13, 2013 | 76 | Sep 30, 2013 | 70 | Jan 9, 2014 | 146 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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