BTS Managed Income Fund (BTSIX)
The fund invests primarily in a portfolio of income-producing securities, including bonds issued by the U.S. government, its agencies and instrumentalities; foreign and domestic debt securities; foreign and domestic equity securities of any market capitalization that pay dividends; underlying funds. The Adviser expects that up to 100% of the fund's assets may be invested in underlying funds.
Fund Info
ISIN | US66538J6881 |
---|---|
CUSIP | 66538J688 |
Issuer | BTS |
Inception Date | Dec 30, 2018 |
Category | Nontraditional Bonds |
Min. Investment | $100,000 |
Asset Class | Bond |
Expense Ratio
BTSIX has a high expense ratio of 1.50%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: BTSIX vs. BTCS
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BTS Managed 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 Managed Income Fund had a return of 1.14% year-to-date (YTD) and 4.76% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 1.14% | 9.49% |
1 month | 0.53% | 1.20% |
6 months | 5.97% | 18.29% |
1 year | 4.76% | 26.44% |
5 years (annualized) | 0.82% | 12.64% |
10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of BTSIX, 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 | -0.21% | 0.43% | 1.36% | -1.58% | 1.14% | ||||||||
2023 | 3.84% | -2.43% | 0.36% | 0.43% | -0.97% | 1.34% | 1.19% | -0.43% | -1.91% | -1.55% | 3.16% | 2.71% | 5.65% |
2022 | -2.25% | -0.96% | -1.39% | -3.15% | 0.41% | -5.16% | 3.11% | -2.50% | -3.67% | 1.45% | 3.08% | -1.68% | -12.34% |
2021 | -0.55% | -0.64% | -0.49% | 0.75% | 0.28% | 0.87% | 0.09% | -0.09% | -1.43% | 0.56% | -0.93% | 0.47% | -1.14% |
2020 | 2.25% | 0.19% | -3.40% | 2.88% | 2.03% | 0.85% | 2.73% | -0.27% | -0.88% | -1.11% | 1.97% | 1.28% | 8.63% |
2019 | 0.00% | 0.10% | 0.00% | 0.60% | 0.40% | 1.15% | 0.20% | 1.47% | -0.58% | -0.00% | 0.20% | 0.48% | 4.06% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BTSIX is 32, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
BTSIX (BTS Managed Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BTS Managed Income Fund (BTSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BTS Managed Income Fund granted a 2.55% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|---|
Dividend | $0.24 | $0.24 | $0.24 | $0.15 | $0.15 | $0.21 |
Dividend yield | 2.55% | 2.51% | 2.59% | 1.37% | 1.34% | 2.01% |
Monthly Dividends
The table displays the monthly dividend distributions for BTS Managed 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 | $0.06 | $0.00 | $0.00 | $0.06 | |||||||
2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.02 | $0.24 |
2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.24 |
2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.15 |
2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.15 |
2019 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.21 |
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 Managed 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 Managed Income Fund was 16.28%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current BTS Managed Income Fund drawdown is 7.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-16.28% | Aug 4, 2021 | 303 | Oct 14, 2022 | — | — | — |
-9.89% | Mar 9, 2020 | 9 | Mar 19, 2020 | 51 | Jun 2, 2020 | 60 |
-2.7% | Sep 3, 2020 | 41 | Oct 30, 2020 | 37 | Dec 23, 2020 | 78 |
-2.37% | Feb 9, 2021 | 19 | Mar 8, 2021 | 83 | Jul 6, 2021 | 102 |
-1.65% | Sep 5, 2019 | 47 | Nov 8, 2019 | 26 | Dec 17, 2019 | 73 |
Volatility
Volatility Chart
The current BTS Managed Income Fund volatility is 1.31%, 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.