Morningstar

BTS Tactical Fixed Income A BTFAX

Morningstar Medalist Rating
Medalist Rating as of | See BTS Investment Hub
  • NAV / 1-Day Return 7.94  /  −0.13 %
  • Total Assets 62.8 Mil
  • Adj. Expense Ratio
    1.930%
  • Expense Ratio 1.930%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.27%
  • Effective Duration 3.82 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0

Morningstar’s Analysis BTFAX

Will BTFAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BTFAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BTFAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of BTFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

BTS Tactical Fixed Income A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings BTFAX

More BTFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Xtrackers USD High Yield Corp Bd ETF

68.98 44.4 Mil
—

SPDR® Blmbg High Yield Bd ETF

20.26 13.0 Mil
—

VanEck High Yield Muni ETF

5.06 3.3 Mil
—

SPDR® Blmbg Convert Secs ETF

5.03 3.2 Mil
—

Fidelity Inv MM Government I

0.76 490,793
Cash and Equivalents

Cash

−0.10 −61,923
Cash and Equivalents

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