DF Tactical Income Fund Class A (PWRAX)

Fund Assets	73.68M
Expense Ratio	2.01%
Min. Investment	$1,000
Turnover	353.00%
Dividend (ttm)	0.32
Dividend Yield	3.54%
Dividend Growth	2.40%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jun 29, 2026

Previous Close	8.90
YTD Return	1.24%
1-Year Return	2.34%
5-Year Return	6.11%
52-Week Low	8.78
52-Week High	9.11
Beta (5Y)	0.27
Holdings	6
Inception Date	Sep 14, 2010

About PWRAX

The Donoghue Forlines Tactical Income Fund Class A is a mutual fund focused on generating total return through both income and capital appreciation, with an emphasis on capital preservation. The fund employs a tactical asset allocation across major asset classes, primarily investing in global fixed income instruments, complemented by limited exposures to global equities and alternative assets. Its approach combines fundamental analysis with tactical management, aiming to identify forward-looking risks and opportunities while adapting to changing economic and market conditions. The portfolio is constructed using a diversified mix of exchange-traded funds (ETFs) and mutual funds, frequently including high-yield bonds, ultra-short income securities, and senior loan exposures. A key feature of the fund is its ability to flexibly raise cash or allocate to short-term Treasuries during periods of heightened market volatility, enhancing its risk management profile. Designed for investors seeking current income with an added layer of risk mitigation, the Donoghue Forlines Tactical Income Fund Class A plays a distinctive role within the nontraditional bond category, offering flexibility and responsiveness to global macroeconomic trends.

• Fund Family: Donoghue Forlines LLC
• Category: Nontraditional Bond
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PWRAX
• Share Class: Class A
• Index: Bloomberg Global Aggregate Bond TR

Performance

PWRAX had a total return of 2.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.81%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PWRIX	Class I	1.76%
PWRCX	Class C	2.76%

Top Holdings

Name	Symbol	Weight
State Street SPDR Portfolio High Yield Bond ETF	SPHY	29.25%
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF	XFIV	29.03%
State Street Blackstone Senior Loan ETF	SRLN	14.69%
Invesco Senior Loan ETF	BKLN	14.54%
DF Tactical Dividend Fund Class I	PWDIX	10.47%
Fidelity Inv MM Government I	FIGXX	2.02%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 29, 2026	$0.0828	Jun 30, 2026
Mar 30, 2026	$0.164	Mar 31, 2026
Sep 29, 2025	$0.0683	Sep 30, 2025
Jun 27, 2025	$0.0625	Jun 30, 2025
Mar 28, 2025	$0.0477	Mar 31, 2025
Dec 26, 2024	$0.1059	Dec 27, 2024

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:

Aug 27, 2026

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