- ISIN
- US87357J3023
- Issuer
- Tactical Fund Advisors
- Inception Date
- Jun 9, 2019
- Category
- Nontraditional Bonds
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TFAZX Performance Chart
TFA Tactical Income Fund (TFAZX) is up 2.0% since the beginning of the year. TFAZX is currently trading at $9 per share. Investors who bought $1,000 worth of TFAZX shares 5 years ago would now be looking at an investment worth $967.
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Returns By Period
TFA Tactical Income Fund (TFAZX) has returned 2.00% so far this year and 7.24% over the past 12 months.
TFA Tactical Income Fund
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 2.00%
- 6M
- 1.80%
- 1Y
- 7.24%
- 3Y*
- 2.60%
- 5Y*
- -0.66%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
TFAZX Monthly Returns History
Based on dividend-adjusted daily data since Jun 14, 2019, TFAZX's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +5.1%, while the worst month was Mar 2020 at -7.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.
On a daily basis, TFAZX closed higher 47% of trading days. The best single day was Apr 9, 2025 with a return of +1.9%, while the worst single day was Mar 12, 2020 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.59% | 0.59% | -2.56% | 2.39% | 1.17% | -0.12% | 2.00% | ||||||
| 2025 | 1.10% | -0.36% | -1.33% | 0.12% | 0.61% | 1.46% | 0.60% | 1.08% | 1.89% | 0.93% | -0.34% | -0.08% | 5.78% |
| 2024 | -1.08% | -1.46% | 0.99% | -1.59% | 1.24% | 0.74% | 1.46% | 0.60% | 1.31% | -1.41% | 0.72% | -2.96% | -1.56% |
| 2023 | 4.07% | -3.36% | 0.12% | -0.46% | -2.32% | 0.71% | 0.35% | -1.88% | -1.92% | -0.49% | 1.97% | 3.28% | -0.20% |
| 2022 | -3.43% | -0.32% | -2.16% | -1.32% | -0.22% | -2.02% | 1.37% | -2.37% | -1.73% | 1.29% | 1.74% | -1.10% | -9.93% |
| 2021 | -0.09% | 0.38% | 0.97% | 2.96% | -0.09% | 1.11% | 0.73% | 0.46% | -2.99% | 3.46% | -0.36% | -0.68% | 5.85% |
Benchmark Metrics
TFA Tactical Income Fund has an annualized alpha of -2.49%, beta of 0.25, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since June 14, 2019.
- This fund participated in 48.64% of S&P 500 Index downside but only 23.04% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.49% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 0.25 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -2.49%
- Beta
- 0.25
- R²
- 0.52
- Upside Capture
- 23.04%
- Downside Capture
- 48.64%
Expense Ratio
TFAZX has a high expense ratio of 1.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TFAZX ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TFA Tactical Income Fund (TFAZX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TFAZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.46 | -0.48 |
| Martin ratioReturn relative to average drawdown | 7.78 | 10.92 | -3.13 |
Dividends
Dividend History
TFA Tactical Income Fund provided a 2.12% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.00 | $0.25 | $0.08 | $1.56 | $0.11 | $0.06 |
Dividend yield | 2.12% | 2.16% | 0.00% | 3.05% | 0.97% | 16.23% | 1.04% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for TFA Tactical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $1.56 |
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 TFA Tactical 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 TFA Tactical Income Fund was 17.69%, occurring on Mar 23, 2020. Recovery took 187 trading sessions.
The current TFA Tactical Income Fund drawdown is 6.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -17.69%Mar 2020 | 1mo 2d | 8mo 28d | 10moFeb 2020 - Dec 2020 |
2023 correction2023 | -16.73%Oct 2023 | 1y 10mo | — | 4y 7moNov 2021 - now |
2021 pullback2021 | -5.07%Mar 2021 | 16d | 1mo 13d | 1mo 29dFeb 2021 - Apr 2021 |
2021 pullback2021 | -3.26%Oct 2021 | 1mo 18d | 21d | 2mo 9dAug 2021 - Oct 2021 |
2021 pullback2021 | -3.14%May 2021 | 12d | 23d | 1mo 5dApr 2021 - Jun 2021 |
Drawdown Indicators
| TFAZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.69% | -56.78% | +39.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -9.10% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -7.15% | -18.90% | +11.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.73% | -25.43% | +8.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.28% | -3.21% | -3.07% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -10.71% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.04% | -1.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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