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ATAC Rotation Fund
mutual fund
ATCIX
Payout Change
Suspended
Price as of:
$33.23
-0.53
-1.57%
primary theme
Tactical Allocation
share class
ATCIX (Mutual Fund)
ATAC Rotation Fund
Payout Change
Suspended
Price as of:
$33.23
-0.53
-1.57%
primary theme
Tactical Allocation
share class
ATCIX (Mutual Fund)
ATAC Rotation Fund
Payout Change
Suspended
Price as of:
$33.23
-0.53
-1.57%
primary theme
Tactical Allocation
share class
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.5%
1 yr return
28.2%
3 Yr Avg Return
-7.1%
5 Yr Avg Return
4.4%
Net Assets
$56.8 M
Holdings in Top 10
100.3%
52 WEEK LOW AND HIGH
$33.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.28%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ATCIX - Profile
Distributions
- YTD Total Return 5.5%
- 3 Yr Annualized Total Return -7.1%
- 5 Yr Annualized Total Return 4.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.20%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameATAC Rotation Fund
-
Fund Family NameATAC Fund
-
Inception DateSep 10, 2012
-
Shares Outstanding2105490
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Gayed
Fund Description
To achieve the Fund’s investment objective, the Adviser invests the Fund’s assets primarily in shares of a diversified portfolio of exchange-traded funds (“ETFs”) that track various indices or multiples thereof, sometimes referred to in this Prospectus as “Underlying ETFs.” These indices may track the performance of the equity and/or fixed income markets, in general, or the performance of specific sectors (e.g., a large grouping of companies operating within the market that share similar characteristics) or market segments (e.g., large, medium, or small capitalization domestic and/or foreign companies, including those in emerging markets). The Fund may also invest in ETFs that seek to achieve returns on a daily or monthly basis that are a multiple of the returns of the target index through the utilization of leveraging techniques. The Fund may also invest in exchange-traded notes (“ETNs”). ETNs are debt obligations typically issued by investment banks that are traded on exchanges and whose returns are linked to the performance of market indices.
The Adviser intends to invest in Underlying ETFs that correspond to one or more asset classes. The Underlying ETFs may hold equity securities (e.g., common and preferred stock) of small, medium and large capitalization domestic or foreign companies, which may include companies located in emerging markets. Underlying ETFs may also hold fixed income securities such as government and corporate bonds issued by a variety of domestic and foreign entities. These fixed income securities may have varying maturities (e.g., short-term, intermediate or long-term) and credit qualities (e.g., high quality, investment grade or below investment grade, also known as “junk bonds”). The Fund, however, reserves the right to invest all of its assets in any one asset class depending upon market conditions. When investing in Underlying ETFs that track multiples of various indices, the Fund limits its investments in such Underlying ETFs to 25% of total assets at the time of purchase. Additionally, the Fund may utilize leverage as part of the portfolio management process through investing in Underlying ETFs that utilize leveraging techniques. The Fund may invest in underlying funds that utilize futures contracts, options on futures contracts, securities and indices, forward contracts, swap agreements and similar instruments. Additionally, the Fund may utilize leverage (i.e., borrow against a line of credit) as part of the portfolio management process.
The Adviser’s proprietary investment approach is designed to target various segments of the investable landscape by allocating primarily between equities and bonds depending on the potential for near-term stock market volatility as signaled through inter-market trends and relative prices. When indicators suggest equity volatility is likely to fall, stocks tend to outperform bonds, and when indicators suggest equity volatility is likely to rise, bonds tend to outperform stocks. The Adviser’s approach allocates into equities, or bonds based on these historical observations and attempts to identify specific areas within each asset class which have the near-term potential to outperform. The Adviser uses quantitative signals that help to identify the ETFs in which to position the Fund’s portfolio. Using ETFs allows for liquid and timely exposure to desired markets and provides the Fund with the ability to reposition holdings in dynamic investing environments.Quantitative signals include relative momentum as measured by price movement, strength of the opportunity set defined as equities and bonds, and the firm’s proprietary combination of historically proven leading indicators of stock market volatility, as discovered through internal research.
The Fund can make aggressive moves into or out of any particular asset class on a short-term basis and, as a result, the Adviser expects that the Fund will have a high portfolio turnover rate. The Adviser anticipates that the Fund’s portfolio turnover could exceed 2,000% on an annual basis, depending on market conditions. Because the Fund pays transaction costs, such as commissions, when it buys and sells ETFs, a higher portfolio turnover rate may result in higher transaction costs and, when Fund shares are held in a taxable account, in higher taxes. These costs, which are not reflected in the Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance.
The use of leverage may magnify the effect of any decrease or increase in the value of the Fund's portfolio securities. The use of leverage may also cause the Fund to liquidate portfolio positions when it would not be advantageous to do so in order to satisfy its obligations.
ATCIX - Performance
Return Ranking - Trailing
| Period | ATCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -6.6% | 25.6% | 72.35% |
| 1 Yr | 28.2% | -4.3% | 50.0% | 5.07% |
| 3 Yr | -7.1%* | -19.0% | 12.8% | 96.74% |
| 5 Yr | 4.4%* | -11.7% | 24.7% | 60.59% |
| 10 Yr | N/A* | -4.5% | 10.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | ATCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.4% | -18.9% | 60.2% | 78.70% |
| 2022 | -25.6% | -48.5% | 0.1% | 91.63% |
| 2021 | -10.3% | -19.0% | 48.3% | 92.99% |
| 2020 | 52.8% | -16.5% | 52.8% | 0.49% |
| 2019 | 6.8% | -8.5% | 26.6% | 76.88% |
Total Return Ranking - Trailing
| Period | ATCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | -6.6% | 25.6% | 72.35% |
| 1 Yr | 28.2% | -4.3% | 50.0% | 5.07% |
| 3 Yr | -7.1%* | -19.0% | 12.8% | 96.74% |
| 5 Yr | 4.4%* | -11.7% | 24.7% | 60.59% |
| 10 Yr | N/A* | -4.5% | 10.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ATCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.4% | -11.7% | 61.8% | 88.43% |
| 2022 | -25.6% | -48.5% | 4.6% | 95.81% |
| 2021 | -10.3% | -14.2% | 48.3% | 98.60% |
| 2020 | 72.9% | -11.7% | 77.4% | 1.47% |
| 2019 | 8.0% | -3.9% | 28.4% | 83.42% |
NAV & Total Return History
ATCIX - Holdings
Concentration Analysis
| ATCIX | Category Low | Category High | ATCIX % Rank | |
|---|---|---|---|---|
| Net Assets | 56.8 M | 1.98 M | 12.4 B | 69.59% |
| Number of Holdings | 5 | 2 | 2274 | 95.85% |
| Net Assets in Top 10 | 51.2 M | 1.55 M | 9.46 B | 66.36% |
| Weighting of Top 10 | 100.34% | 20.8% | 109.8% | 3.23% |
Top 10 Holdings
- SPDR Portfolio Long Term Treasury ETF 25.64%
- Vanguard Long-Term Treasury ETF 25.64%
- Vanguard Extended Duration Treasury ETF 24.97%
- Schwab Intermediate-Term U.S. Treasury ETF 23.87%
- First American Government Obligations Fund 0.22%
Asset Allocation
| Weighting | Return Low | Return High | ATCIX % Rank | |
|---|---|---|---|---|
| Stocks | 100.12% | 0.00% | 145.83% | 3.69% |
| Cash | 0.22% | -33.22% | 99.64% | 90.78% |
| Preferred Stocks | 0.00% | -0.09% | 5.36% | 54.84% |
| Other | 0.00% | -29.71% | 135.29% | 68.20% |
| Convertible Bonds | 0.00% | 0.00% | 8.92% | 75.12% |
| Bonds | 0.00% | 0.00% | 106.59% | 65.44% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ATCIX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 91.12% | 48.54% |
| Technology | 0.00% | 0.00% | 85.77% | 26.78% |
| Real Estate | 0.00% | 0.00% | 99.45% | 64.02% |
| Industrials | 0.00% | 0.00% | 23.85% | 60.67% |
| Healthcare | 0.00% | 0.00% | 38.63% | 28.45% |
| Financial Services | 0.00% | 0.00% | 98.22% | 40.59% |
| Energy | 0.00% | 0.00% | 60.89% | 68.20% |
| Communication Services | 0.00% | 0.00% | 21.61% | 9.62% |
| Consumer Defense | 0.00% | 0.00% | 37.51% | 44.35% |
| Consumer Cyclical | 0.00% | 0.00% | 25.83% | 32.22% |
| Basic Materials | 0.00% | 0.00% | 56.73% | 71.55% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ATCIX % Rank | |
|---|---|---|---|---|
| US | 100.12% | 0.00% | 145.83% | 3.69% |
| Non US | 0.00% | -1.94% | 38.53% | 57.60% |
ATCIX - Expenses
Operational Fees
| ATCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.28% | 0.45% | 10.24% | 25.81% |
| Management Fee | 1.25% | 0.00% | 1.50% | 94.47% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 10.00% |
| Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
| ATCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| ATCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ATCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.75% | 441.00% | 99.77% |
ATCIX - Distributions
Dividend Yield Analysis
| ATCIX | Category Low | Category High | ATCIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 24.95% | 91.71% |
Dividend Distribution Analysis
| ATCIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| ATCIX | Category Low | Category High | ATCIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.20% | -2.01% | 13.72% | 67.28% |
Capital Gain Distribution Analysis
| ATCIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 30, 2020 | $6.078 | OrdinaryDividend |
| Dec 27, 2019 | $0.332 | OrdinaryDividend |
| Dec 28, 2018 | $0.310 | CapitalGainShortTerm |
ATCIX - Fund Manager Analysis
Managers
Michael Gayed
Start Date
Tenure
Tenure Rank
Sep 10, 2012
9.73
9.7%
Michael A. Gayed, CFA Mr. Gayed joined the Toroso Investments, LLC in 2020 as a portfolio manager. Prior to 2020, Mr. Gayed was an employee of the Pension Partners, LLC and served as its Chief Investment Strategist and a portfolio manager of the Fund since its inception. As Chief Investment Strategist, Mr. Gayed helped to structure portfolios to best take advantage of various strategies designed to maximize the amount of time and capital spent in potentially outperforming investments. Prior to his role as Chief Investment Strategist and portfolio manager of the Fund, from 2009 to 2010, Mr. Gayed served as a portfolio manager at the Predecessor Adviser for a large international investment group, trading long/short investment ideas in an effort to capture excess returns. Mr. Gayed also served as a portfolio strategist and business development consultant for the Predecessor Adviser during 2009. From 2004 to 2008, Mr. Gayed was a Portfolio Strategist at AmeriCap Advisers, LLC, a registered investment advisory firm which managed equity portfolios for large institutional clients. As a member of the investment committee at AmeriCap Advisers, LLC, Mr. Gayed performed detailed analysis on various stocks and worked closely with the principals of the firm to structure client portfolios. In 2007, he launched a long/short hedge fund, using various trading strategies focused on taking advantage of stock market anomalies. Mr. Gayed earned his B.S. in Finance and Management from New York University and holds the Chartered Financial Analyst designation.
Michael Venuto
Start Date
Tenure
Tenure Rank
May 01, 2020
2.08
2.1%
Mr. Venuto is a co-founder and has been the Chief Investment Officer of the Toroso Investments, LLC since 2012. Mr. Venuto is an ETF industry veteran with over a decade of experience in the design and implementation of ETF-based investment strategies. Previously, he was Head of Investments at Global X Funds where he provided portfolio optimization services to institutional clients. Before that, he was Senior Vice President at Horizon Kinetics where his responsibilities included new business development, investment strategy and client and strategic initiatives.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.83 | 6.67 | 13.0 |
