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Morningstar

TFA Tactical Income I TFAZX

Morningstar Medalist Rating
Medalist Rating as of | See Tactical Fund Investment Hub
  • NAV / 1-Day Return 8.08  /  0.00
  • Total Assets 25.7 Mil
  • Adj. Expense Ratio
    2.440%
  • Expense Ratio 2.440%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.10%
  • Effective Duration 6.93 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 9:58 PM GMT+0

Morningstar’s Analysis TFAZX

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

  • People Pillar

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

Weakness in TFA Tactical Income I's Process and People Pillar ratings limits this strategy 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
Rated on Published on

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Portfolio Holdings TFAZX

More TFAZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 68.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares iBoxx $ Invmt Grade Corp Bd ETF

8.86 3.7 Mil
—

iShares Core US Aggregate Bond ETF

8.76 3.6 Mil
—

SPDR® Blmbg High Yield Bd ETF

8.66 3.6 Mil
—

Invesco Emerging Markets Sov Debt ETF

8.15 3.4 Mil
—

iShares 7-10 Year Treasury Bond ETF

7.00 2.9 Mil
—

Invesco Senior Loan ETF

6.68 2.8 Mil
—

FolioBeyond Alt Inc and Int Rt Hdg ETF

6.05 2.5 Mil
—

iShares 20+ Year Treasury Bond ETF

5.69 2.4 Mil
—

First American Treasury Obligs X

5.30 2.2 Mil
Cash and Equivalents

iShares JP Morgan USD Em Mkts Bd ETF

4.40 1.8 Mil
—