BTS Tactical Fixed Income Fund Class R (BTFRX)
| Fund Assets | 43.50M |
| Expense Ratio | 2.34% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 4.12% |
| Dividend Growth | -1.61% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 26, 2025 |
| Previous Close | 7.70 |
| YTD Return | 0.79% |
| 1-Year Return | 1.81% |
| 5-Year Return | -6.76% |
| 52-Week Low | 7.28 |
| 52-Week High | 7.71 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | May 5, 2015 |
About BTFRX
BTS Tactical Fixed Income Fund Class R is an actively managed mutual fund that pursues total return through a flexible, risk-managed approach to fixed income markets. It invests directly in fixed income securities, uses derivatives tied to bonds, and allocates to underlying funds, allowing rapid shifts across credit qualities and sectors in response to changing market trends. The strategy emphasizes defensive capital preservation tools and can rotate the portfolio—potentially up to the entire allocation—among uncorrelated fixed income exposures to navigate interest-rate and credit cycles. The fund has been categorized within the nontraditional bond segment, reflecting its latitude to tactically manage duration, credit risk, and liquidity through ETFs and cash equivalents. Recent portfolio disclosures show substantial use of high yield corporate bond ETFs, highlighting a willingness to take credit risk when conditions are favorable while retaining the ability to de-risk. Key characteristics include a relatively short effective duration profile and a higher expense structure typical of tactical, multi-vehicle strategies. Overall, the fund’s role in the market is to provide a flexible fixed income sleeve that seeks to balance return opportunities with downside risk management across evolving macro environments.
Performance
BTFRX had a total return of 1.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.01%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Xtrackers USD High Yield Corporate Bond ETF | HYLB | 42.93% |
| iShares Broad USD High Yield Corporate Bond ETF | USHY | 42.88% |
| Invesco S&P 500® High Div Low Vol ETF | SPHD | 14.10% |
| Fidelity Government Portfolio | FIGXX | 0.14% |
| Cash | n/a | -0.05% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2025 | $0.1153 | Dec 29, 2025 |
| Sep 29, 2025 | $0.0811 | Sep 30, 2025 |
| Jun 27, 2025 | $0.0753 | Jun 30, 2025 |
| Mar 28, 2025 | $0.0452 | Mar 31, 2025 |
| Dec 27, 2024 | $0.1279 | Dec 30, 2024 |
| Sep 27, 2024 | $0.0796 | Sep 30, 2024 |