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Morningstar

BTS Tactical Fixed Income C BTFCX

Morningstar Medalist Rating
Medalist Rating as of | See BTS Investment Hub
  • NAV / 1-Day Return 7.50  /  0.00
  • Total Assets 67.5 Mil
  • Adj. Expense Ratio
    2.650%
  • Expense Ratio 2.650%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.85%
  • Effective Duration 4.22 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis BTFCX

Will BTFCX 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 BTFCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BTFCX 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 BTFCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit BTS Tactical Fixed Income C to a Morningstar Medalist Rating of Negative.

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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings BTFCX

More BTFCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 100.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Xtrackers USD High Yield Corp Bd ETF

51.15 37.0 Mil
—

SPDR® Blmbg High Yield Bd ETF

20.45 14.8 Mil
—

iShares 7-10 Year Treasury Bond ETF

18.63 13.5 Mil
—

VanEck High Yield Muni ETF

5.15 3.7 Mil
—

SPDR® Blmbg Convert Secs ETF

5.09 3.7 Mil
—

Us Dollars

−0.47 −341,489
Cash and Equivalents