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
ISIN | US66538B6020 |
---|---|
CUSIP | 66538B602 |
Issuer | BTS |
Inception Date | May 30, 2013 |
Category | Nontraditional Bonds |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
BTFAX has a high expense ratio of 1.65%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BTFAX vs. BITO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BTS Tactical Fixed Income Fund, 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
BTS Tactical Fixed Income Fund had a return of 0.26% year-to-date (YTD) and 1.54% in the last 12 months. Over the past 10 years, BTS Tactical Fixed Income Fund had an annualized return of -0.15%, while the S&P 500 had an annualized return of 10.67%, indicating that BTS Tactical Fixed Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.26% | 9.49% |
1 month | 0.79% | 1.20% |
6 months | 5.22% | 18.29% |
1 year | 1.54% | 26.44% |
5 years (annualized) | -2.12% | 12.64% |
10 years (annualized) | -0.15% | 10.67% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.13% | -0.13% | 1.05% | -1.68% | 0.26% | ||||||||
2023 | 3.32% | -2.97% | -0.19% | 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% | -0.25% | 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% | 0.74% | -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% | 0.17% | 0.21% | -0.52% | -0.30% | -0.21% | 0.32% | 1.03% | 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 | 0.78% | 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 | 1.99% | 3.30% | 2.62% | 2.82% | 0.09% | -0.87% | 0.10% | 1.63% | 0.74% | -0.85% | -0.09% | 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% | -1.36% | -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% |
2013 | -0.10% | -0.90% | -1.51% | -0.21% | 1.54% | 0.50% | 0.23% | -0.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BTFAX is 10, indicating that it is in the bottom 10% 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.
BTFAX (BTS Tactical Fixed Income Fund)
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.
Dividends
Dividend History
BTS Tactical Fixed Income Fund granted a 3.60% dividend yield in the last twelve months. The annual payout for that period amounted to $0.28 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.28 | $0.27 | $0.17 | $0.16 | $0.07 | $0.30 | $0.32 | $0.28 | $0.50 | $0.08 | $0.22 | $0.16 |
Dividend yield | 3.60% | 3.51% | 2.11% | 1.69% | 0.68% | 3.17% | 3.38% | 2.67% | 4.89% | 0.87% | 2.20% | 1.66% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | |||||||
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 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.22 |
2013 | $0.16 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 15.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-19.79% | Oct 23, 2017 | 1523 | Nov 9, 2023 | — | — | — |
-4.5% | Apr 16, 2015 | 187 | Jan 11, 2016 | 33 | Feb 29, 2016 | 220 |
-3.75% | Oct 11, 2016 | 24 | Nov 11, 2016 | 29 | Dec 23, 2016 | 53 |
-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 current BTS Tactical Fixed Income Fund volatility is 1.58%, 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.