- ISIN
- US90470L7661
- CUSIP
- 90470L766
- Issuer
- Fisher Investments
- Inception Date
- Mar 30, 2017
- Category
- Ultrashort Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TMPFX Performance Chart
Tactical Multi-Purpose Fund (TMPFX) is up 2.2% since the beginning of the year. TMPFX is currently trading at $10 per share. Investors who bought $1,000 worth of TMPFX shares 5 years ago would now be looking at an investment worth $1,150.
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Returns By Period
Tactical Multi-Purpose Fund (TMPFX) has returned 2.23% so far this year and 3.71% over the past 12 months.
Tactical Multi-Purpose Fund
- 1D
- 0.10%
- 1M
- 0.40%
- 6M
- 2.02%
- YTD
- 2.23%
- 1Y
- 3.71%
- 3Y*
- 3.96%
- 5Y*
- 2.83%
- 10Y*
- —
- ALL TIME*
- 1.51%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
TMPFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 5, 2018, TMPFX'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, 50% of months were positive and 50% were negative. The best month was Jan 2024 with a return of +0.4%, while the worst month was Apr 2022 at -0.1%. The longest winning streak lasted 48 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TMPFX closed higher 7% of trading days. The best single day was Dec 20, 2024 with a return of +3.6%, while the worst single day was Dec 23, 2024 at -3.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.20% | 0.20% | 0.30% | 0.40% | 0.40% | 0.30% | 0.40% | 2.23% | |||||
| 2025 | 0.30% | 0.20% | 0.30% | 0.30% | 0.30% | 0.30% | 0.40% | 0.40% | 0.30% | 0.30% | 0.29% | 0.26% | 3.71% |
| 2024 | 0.41% | 0.40% | 0.40% | 0.30% | 0.40% | 0.40% | 0.40% | 0.39% | 0.39% | 0.20% | 0.20% | 0.29% | 4.26% |
| 2023 | 0.20% | 0.20% | 0.30% | 0.30% | 0.40% | 0.40% | 0.40% | 0.30% | 0.40% | 0.30% | 0.29% | 0.34% | 3.90% |
| 2022 | -0.10% | -0.10% | 0.00% | -0.10% | 0.00% | 0.00% | 0.00% | 0.20% | 0.10% | 0.20% | 0.10% | 0.20% | 0.51% |
| 2021 | -0.10% | 0.00% | -0.10% | -0.10% | -0.10% | 0.00% | -0.10% | -0.10% | -0.10% | -0.10% | 0.00% | -0.10% | -0.91% |
Benchmark Metrics
Tactical Multi-Purpose Fund has an annualized alpha of 1.53%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 05, 2018.
- This fund captured 2.85% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.43%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.53%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 2.85%
- Downside Capture
- -3.43%
Expense Ratio
TMPFX has a high expense ratio of 1.14%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TMPFX ranks 100 for risk / return — above 100% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Tactical Multi-Purpose Fund (TMPFX) 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.
| TMPFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.54 | ||
| Sortino ratioReturn per unit of downside risk | +19.43 | ||
| Omega ratioGain probability vs. loss probability | 13.56 | 1.31 | +12.25 |
| Calmar ratioReturn relative to maximum drawdown | 38.39 | 2.41 | +35.97 |
| Martin ratioReturn relative to average drawdown | 305.20 | 10.22 | +294.98 |
Dividends
Dividend History
Tactical Multi-Purpose Fund provided a 3.73% dividend yield over the last twelve months, with an annual payout of $0.38 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.41 | $0.38 |
Dividend yield | 3.73% | 3.81% | 4.15% | 3.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Tactical Multi-Purpose 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 | $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 | $0.38 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2023 | $0.38 | $0.38 |
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 Tactical Multi-Purpose 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 Tactical Multi-Purpose Fund was 3.52%, occurring on Dec 23, 2024. Recovery took 241 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-3.52%Dec 2024 | 1d | 11mo 22d | 11mo 22dDec 2024 - Dec 2025 | — |
-2.01%Jun 2022 | 2y 2mo | 10mo 21d | 3y 28dApr 2020 - May 2023 | Bear market2022 |
-0.30%Aug 2018 | 5mo 11d | 1y 7mo | 2y 8dFeb 2018 - Mar 2020 | — |
-0.20%Aug 2023 | 1d | 12d | 12dAug 2023 - Aug 2023 | — |
-0.10%Jun 2026 | 1d | 1d | 1dJun 2026 - Jun 2026 | — |
Drawdown Indicators
| TMPFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.52% | -56.78% | +53.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -9.10% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -3.52% | -18.90% | +15.38% |
Max Drawdown (5Y)Largest decline over 5 years | -3.52% | -25.43% | +21.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -0.64% | -10.70% | +10.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.14% | -2.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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