BTS Tactical Fixed Income Fund Class R (BTFRX)

Fund Assets	30.59M
Expense Ratio	2.33%
Min. Investment	$1,000
Turnover	237.00%
Dividend (ttm)	0.25
Dividend Yield	3.52%
Dividend Growth	-22.64%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 29, 2026

Previous Close	7.24
YTD Return	-3.43%
1-Year Return	-2.36%
5-Year Return	-9.77%
52-Week Low	7.24
52-Week High	7.76
Beta (5Y)	0.09
Holdings	4
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.

• Fund Family: BTS
• Category: Alt Credit Focus
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: BTFRX
• Share Class: Class R Shares
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

BTFRX had a total return of -2.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.11%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
BTFIX	Class I Shares	1.83%
BTFAX	Class A Shares	2.08%
BTFCX	Class C Shares	2.83%

Top Holdings

Name	Symbol	Weight
Xtrackers USD High Yield Corporate Bond ETF	HYLB	58.62%
iShares Broad USD High Yield Corporate Bond ETF	USHY	20.21%
State Street SPDR Bloomberg High Yield Bond ETF	JNK	20.20%
Fidelity Inv MM Government I	FIGXX	0.96%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.0664	Sep 30, 2026
Jun 29, 2026	$0.0381	Jun 30, 2026
Mar 30, 2026	$0.0351	Mar 31, 2026
Dec 26, 2025	$0.1153	Dec 29, 2025
Sep 29, 2025	$0.0811	Sep 30, 2025
Jun 27, 2025	$0.0753	Jun 30, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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