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Morningstar

BTS Tactical Fixed Income R BTFRX

Morningstar Medalist Rating
Medalist Rating as of | See BTS Investment Hub
  • NAV / 1-Day Return 7.69  /  +0.52 %
  • Total Assets 68.2 Mil
  • Adj. Expense Ratio
    2.180%
  • Expense Ratio 2.180%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.38%
  • Effective Duration 3.41 years

USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:14 PM GMT+0

Morningstar’s Analysis BTFRX

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

  • People Pillar

    The People Pillar is our evaluation of the BTFRX 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 BTFRX’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 R 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 highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings BTFRX

More BTFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 98.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Xtrackers USD High Yield Corp Bd ETF

68.48 48.8 Mil
—

SPDR® Blmbg High Yield Bd ETF

20.12 14.3 Mil
—

SPDR® Blmbg Convert Secs ETF

5.06 3.6 Mil
—

VanEck High Yield Muni ETF

5.04 3.6 Mil
—

Fidelity Inv MM Government I

1.41 1.0 Mil
Cash and Equivalents

Cash

−0.10 −74,491
Cash and Equivalents