Toews Hedged Opportunity Fund (THSMX)

Fund Assets	45.31M
Expense Ratio	1.25%
Min. Investment	$10,000
Turnover	n/a
Dividend (ttm)	0.51
Dividend Yield	4.78%
Dividend Growth	13.77%
Payout Frequency	Annual
Ex-Dividend Date	Dec 23, 2025

Previous Close	10.56
YTD Return	7.49%
1-Year Return	6.53%
5-Year Return	1.22%
52-Week Low	9.81
52-Week High	11.24
Beta (5Y)	0.50
Holdings	14
Inception Date	Jun 4, 2010

About THSMX

The Toews Hedged U.S. Opportunity Fund is an open-ended mutual fund focused on delivering long-term capital growth while seeking to limit risk, particularly during unfavorable market conditions. The fund primarily invests in equity index futures contracts and exchange-traded funds tied to U.S. small- and mid-cap issuers, as well as directly in small- and mid-cap stocks. Its portfolio exposure extends to major indices such as the Russell 2000 and S&P Mid-Cap 400, harnessing the growth potential of dynamic and diverse segments of the U.S. equity market. Notably, the fund also allocates assets to investment-grade fixed income securities and cash equivalents, providing a measure of defensiveness. Additionally, it utilizes options strategies, including the use of put and call options on broad market indices, to hedge against sudden market downturns and manage volatility. Through its rules-based, price-reactive approach and flexible allocation between equities and bonds, the Toews Hedged U.S. Opportunity Fund aims to provide investors with participation in market upside while maintaining a protective posture during periods of increased risk or market stress.

• Fund Family: Toews Funds
• Category: Options Trading
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: THSMX
• Index: Index is not available on Lipper Database

Performance

THSMX had a total return of 6.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.83%.

Top 10 Holdings

Name	Symbol	Weight
United States Treasury Bills 0%	B.0 08.18.26	64.32%
Vanguard FTSE Developed Markets ETF	VEA	20.59%
Banksafe Toews Money Market	n/a	7.91%
Us Dollar Future	n/a	5.86%
Emin Russ Wkly Optaug26p 2950	n/a	0.62%
Emin Russ Wkly Optaug26p 2925	n/a	0.25%
S&P Emini 3rd Wk Aug26p 7450	n/a	0.17%
Emin Russ 2000 Op Sep26p 2450	n/a	0.11%
S&P500 Emini Optn Sep26p 6450	n/a	0.10%
S&P Emini 3rd Wk Aug26p 7375	n/a	0.06%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$0.5081	Dec 24, 2025
Dec 20, 2024	$0.4466	Dec 23, 2024
Dec 20, 2023	$0.0716	Dec 21, 2023
Dec 21, 2022	$0.0016	Dec 22, 2022
Dec 22, 2021	$1.9527	Dec 23, 2021
Dec 23, 2020	$0.0737	Dec 23, 2020

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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