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Trending ETFs

Salient Tactical Plus Fund

mutual fund
BTPIX
Dividend policy
Suspended
Price as of:
$11.82 -0.12 0%
primary theme
Long-Short Equity
BTPIX (Mutual Fund)

Salient Tactical Plus Fund

Dividend policy
Suspended
Price as of:
$11.82 -0.12 0%
primary theme
Long-Short Equity
BTPIX (Mutual Fund)
Salient Tactical Plus Fund
Dividend policy
Suspended
Price as of:
$11.82 -0.12 0%
primary theme
Long-Short Equity

BTPIX - Snapshot

Vitals

  • YTD Return -0.5%
  • 3 Yr Annualized Return 4.6%
  • 5 Yr Annualized Return 7.3%
  • Net Assets $70.2 M
  • Holdings in Top 10 99.0%

52 WEEK LOW AND HIGH

$11.94
$11.20
$13.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.95%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme Long-Short Equity
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Equity

Compare BTPIX to Popular Long-Short Equity Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$11.83

+0.17%

$72.47 M

7.99%

$0.94

blocked
blocked
blocked

4.60%

2.19%

$11.82

-1.01%

$70.24 M

-

$0.00

blocked
blocked
blocked

-0.51%

1.95%

$11.68

-0.60%

$23.23 M

2.42%

$0.28

blocked
blocked
blocked

-1.68%

1.13%

Compare BTPIX to Popular Long-Short Equity ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$45.38

-1.10%

$316.06 M

0.42%

$0.19

blocked
blocked
blocked

2.25%

1.55%

$90.20

-4.55%

$223.97 M

1.30%

$1.23

blocked
blocked
blocked

-5.00%

0.65%

$33.88

-0.70%

$150.39 M

0.61%

$0.21

blocked
blocked
blocked

1.69%

0.39%

$34.33

-2.18%

$45.70 M

-

-

blocked
blocked
blocked

-8.43%

1.64%

$52.36

-1.04%

$7.83 M

0.83%

$0.44

blocked
blocked
blocked

-1.32%

0.55%

BTPIX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Salient Tactical Plus Fund
  • Fund Family Name
    Salient Funds
  • Inception Date
    Dec 31, 2012
  • Shares Outstanding
    3226583
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Guptill

Fund Description

The fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of instruments that provide exposure to U.S. and non-U.S. equity securities. These instruments generally include futures and options on securities, securities indices and shares of exchange-traded funds ("ETFs").


BTPIX - Performance

Return Ranking - Trailing

Period BTPIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -11.6% 23.0% 71.43%
1 Yr 8.3% -31.5% 77.1% 66.00%
3 Yr 4.6%* -19.6% 27.2% 47.59%
5 Yr 7.3%* -9.2% 19.6% 47.53%
10 Yr N/A* -0.7% 9.8% N/A

* Annualized

Return Ranking - Calendar

Period BTPIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -47.6% 88.4% 56.06%
2019 1.3% -12.0% 37.8% 87.23%
2018 -0.2% -41.4% 12.7% 10.06%
2017 0.3% -67.1% 21.9% 85.37%
2016 1.8% -17.3% 25.3% 57.34%

Total Return Ranking - Trailing

Period BTPIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -11.6% 23.0% 73.40%
1 Yr 8.3% -35.0% 77.1% 63.50%
3 Yr 4.6%* -20.5% 27.2% 46.52%
5 Yr 7.3%* -9.6% 19.6% 44.44%
10 Yr N/A* -0.7% 9.8% N/A

* Annualized

Total Return Ranking - Calendar

Period BTPIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -47.6% 88.4% 56.06%
2019 1.3% -12.0% 37.8% 87.23%
2018 -0.2% -23.0% 12.7% 13.97%
2017 0.3% -3.6% 24.8% 93.29%
2016 6.0% -15.5% 25.3% 30.77%

NAV & Total Return History


BTPIX - Holdings

Concentration Analysis

BTPIX Category Low Category High BTPIX % Rank
Net Assets 70.2 M 0 4.39 B 55.39%
Number of Holdings 6 3 2569 96.52%
Net Assets in Top 10 68.3 M -97.1 M 753 M 26.37%
Weighting of Top 10 99.03% 1.5% 100.0% 6.47%

Top 10 Holdings

  1. SPDR® S&P 500 ETF Trust 52.00%
  2. Fidelity® Inv MM Fds Government Instl 46.66%
  3. E-mini Nasdaq 100 Future Sept 20 0.72%
  4. E-mini Nasdaq 100 Future Sept 20 0.72%
  5. E-mini Nasdaq 100 Future Sept 20 0.70%
  6. E-mini Nasdaq 100 Future Sept 20 0.70%
  7. E-mini Nasdaq 100 Future Sept 20 0.70%
  8. E-mini Nasdaq 100 Future Sept 20 0.70%
  9. E-mini Nasdaq 100 Future Sept 20 0.70%
  10. E-mini Nasdaq 100 Future Sept 20 0.70%

Asset Allocation

Weighting Return Low Return High BTPIX % Rank
Stocks
52.37% -8.00% 153.48% 80.30%
Cash
47.64% -140.68% 108.00% 19.90%
Preferred Stocks
0.00% 0.00% 11.96% 93.53%
Other
0.00% -70.40% 38.53% 80.60%
Convertible Bonds
0.00% 0.00% 3.58% 94.03%
Bonds
0.00% -19.57% 152.17% 91.63%

Stock Sector Breakdown

Weighting Return Low Return High BTPIX % Rank
Technology
24.60% 0.00% 43.72% 21.58%
Healthcare
13.89% 0.00% 97.72% 46.84%
Financial Services
13.18% 0.00% 74.14% 51.05%
Consumer Cyclical
12.62% 0.00% 81.85% 51.05%
Communication Services
10.71% 0.00% 27.67% 34.21%
Industrials
8.46% 0.00% 40.06% 73.68%
Consumer Defense
6.66% 0.00% 40.76% 48.42%
Utilities
2.76% 0.00% 27.45% 23.68%
Real Estate
2.46% 0.00% 26.19% 35.26%
Energy
2.41% 0.00% 13.19% 38.42%
Basic Materials
2.25% 0.00% 17.64% 66.84%

Stock Geographic Breakdown

Weighting Return Low Return High BTPIX % Rank
US
51.91% -29.89% 150.78% 57.71%
Non US
0.46% -2.05% 67.09% 85.57%

BTPIX - Expenses

Operational Fees

BTPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.95% 0.39% 12.79% 62.50%
Management Fee 1.45% 0.00% 2.25% 79.90%
12b-1 Fee N/A 0.00% 1.00% 12.53%
Administrative Fee N/A 0.03% 1.47% N/A

Sales Fees

BTPIX 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% 4.00% N/A

Trading Fees

BTPIX 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.

BTPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 498.00% 100.00%

BTPIX - Distributions

Dividend Yield Analysis

BTPIX Category Low Category High BTPIX % Rank
Dividend Yield 0.00% 0.00% 2.23% 94.61%

Dividend Distribution Analysis

BTPIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

BTPIX Category Low Category High BTPIX % Rank
Net Income Ratio 0.93% -2.65% 3.99% 14.00%

Capital Gain Distribution Analysis

BTPIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

BTPIX - Fund Manager Analysis

Managers

Christopher Guptill


Start Date

Tenure

Tenure Rank

Dec 31, 2012

8.17

8.2%

Mr. Guptill is the Founder and serves as the Co-Chief Executive Officer and Chief Investment Officer at Broadmark Asset Management. Mr. Guptill began his career in 1979 at Paine, Webber, Jackson & Curtis. In 1994 Mr. Guptill joined McKinley Capital Management, as a Senior Portfolio Manager. He later became the firm's Chief Equity Strategist. Additionally, Mr. Guptill developed, launched and co-managed the firm's highly successful alternative investment portfolios. Mr. Guptill is a graduate of California State University, Chico with a B.A. in Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 22.3 5.82 6.68