Belmont Theta Income Fund (BTIFX)
The fund utilizes an option premium collection strategy that implements a put spread and a call spread on the S&P 500 Index (SPX) to create a number of defined-risk trades. A defined risk trade is essentially where a series of financial instruments (such as options) are entered into where the terms and conditions of the financial instruments are, in combination, designed to limit the overall risk.
Fund Info
US92046L4784
92046L478
Apr 29, 2018
$5,000
Expense Ratio
BTIFX has a high expense ratio of 2.02%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Belmont Theta 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
Belmont Theta Income Fund had a return of 3.12% year-to-date (YTD) and 1.90% in the last 12 months.
BTIFX
3.12%
1.39%
-3.68%
1.90%
2.54%
N/A
^GSPC (Benchmark)
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
Monthly Returns
The table below presents the monthly returns of BTIFX, 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 | 2.32% | 3.12% | |||||||||||
| 2024 | 1.02% | 1.10% | 0.95% | -0.40% | 2.08% | 0.97% | 0.09% | 2.19% | 1.20% | -0.17% | 2.33% | -10.23% | 0.46% |
| 2023 | -0.36% | 1.89% | 0.45% | 1.20% | 1.73% | -0.58% | 1.07% | 0.97% | -2.34% | -1.76% | 7.77% | 0.39% | 10.56% |
| 2022 | -1.67% | -0.21% | -0.52% | -0.47% | 0.00% | -2.34% | 0.16% | 0.21% | -2.76% | 4.05% | 1.58% | 1.60% | -0.56% |
| 2021 | 0.53% | 0.79% | 1.66% | -1.99% | 1.20% | 0.36% | -0.31% | 0.67% | -0.46% | 0.26% | -1.13% | 2.44% | 4.00% |
| 2020 | 0.15% | -5.99% | -2.60% | 3.71% | -0.79% | -0.58% | 1.17% | -1.58% | -0.11% | 0.32% | 0.32% | 1.12% | -5.05% |
| 2019 | -1.59% | 0.10% | 0.71% | -1.10% | -0.10% | 1.42% | 0.85% | -0.65% | 0.80% | 0.05% | -0.05% | -0.73% | -0.33% |
| 2018 | 0.90% | 0.55% | 0.39% | -1.33% | 0.85% | -0.20% | 1.33% | -2.05% | 0.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BTIFX is 9, meaning it’s performing worse than 91% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Belmont Theta Income Fund (BTIFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Belmont Theta Income Fund provided a 2.62% dividend yield over the last twelve months, with an annual payout of $0.57 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.57 | $0.14 | $0.00 | $0.00 | $0.00 | $0.01 |
Dividend yield | 2.62% | 2.70% | 0.67% | 0.00% | 0.00% | 0.00% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Belmont Theta 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 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.01 | $0.01 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Belmont Theta 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 Belmont Theta Income Fund was 15.50%, occurring on Mar 23, 2020. Recovery took 804 trading sessions.
The current Belmont Theta Income Fund drawdown is 7.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.5% | Dec 6, 2018 | 325 | Mar 23, 2020 | 804 | Jun 1, 2023 | 1129 |
| -11.12% | Dec 18, 2024 | 15 | Jan 10, 2025 | — | — | — |
| -6.56% | Sep 15, 2023 | 31 | Oct 27, 2023 | 5 | Nov 3, 2023 | 36 |
| -5.26% | Jul 17, 2024 | 16 | Aug 7, 2024 | 6 | Aug 15, 2024 | 22 |
| -2.95% | Sep 3, 2024 | 4 | Sep 6, 2024 | 5 | Sep 13, 2024 | 9 |
Volatility
Volatility Chart
The current Belmont Theta Income Fund volatility is 1.29%, 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.