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Trending ETFs

Salient Tactical Plus Fund

mutual fund
BTPIX
Dividend policy
Suspended
Price as of:
$12.21 -0.06 0%
primary theme
Long-Short Equity
BTPIX (Mutual Fund)

Salient Tactical Plus Fund

Dividend policy
Suspended
Price as of:
$12.21 -0.06 0%
primary theme
Long-Short Equity
BTPIX (Mutual Fund)
Salient Tactical Plus Fund
Dividend policy
Suspended
Price as of:
$12.21 -0.06 0%
primary theme
Long-Short Equity

BTPIX - Snapshot

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 7.6%
  • 5 Yr Annualized Return 7.9%
  • Net Assets $72.8 M
  • Holdings in Top 10 99.6%

52 WEEK LOW AND HIGH

$12.27
$11.39
$13.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.99%

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*

$8.89

-1.00%

$1.20 B

8.39%

$0.74

blocked
blocked
blocked

8.68%

1.28%

$12.21

-0.49%

$72.80 M

-

$0.00

blocked
blocked
blocked

2.78%

1.99%

$11.58

-0.60%

$70.68 M

8.10%

$0.94

blocked
blocked
blocked

2.39%

2.19%

$14.98

-1.25%

$42.32 M

0.00%

$0.00

blocked
blocked
blocked

-0.99%

0.80%

$12.50

-1.03%

$20.07 M

1.40%

$0.18

blocked
blocked
blocked

5.22%

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*

$35.46

0.00%

$153.35 M

0.57%

$0.20

blocked
blocked
blocked

8.47%

0.39%

$36.57

-0.66%

$37.45 M

-

-

blocked
blocked
blocked

-2.24%

1.64%

$24.78

-1.29%

$5.92 M

1.21%

$0.30

blocked
blocked
blocked

17.47%

-

$24.77

-1.33%

$3.63 M

1.66%

$0.42

blocked
blocked
blocked

12.13%

6.30%

BTPIX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 7.6%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.46%
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
    3253257
  • 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 2.8% -16.2% 57.6% 71.84%
1 Yr 13.4% -13.7% 91.8% 75.50%
3 Yr 7.6%* -13.8% 23.5% 44.68%
5 Yr 7.9%* -5.0% 19.0% 46.06%
10 Yr N/A* -5.1% 10.1% 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% 54.55%
2019 1.3% -20.3% 62.6% 86.77%
2018 -0.2% -53.1% 12.7% 10.56%
2017 0.3% -67.1% 21.9% 84.94%
2016 1.8% -17.3% 25.3% 55.00%

Total Return Ranking - Trailing

Period BTPIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -17.3% 57.6% 72.33%
1 Yr 13.4% -18.1% 91.8% 73.50%
3 Yr 7.6%* -14.9% 23.5% 42.02%
5 Yr 7.9%* -5.4% 19.0% 43.64%
10 Yr N/A* -5.1% 10.1% 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% 54.55%
2019 1.3% -20.3% 62.6% 86.77%
2018 -0.2% -53.1% 12.7% 14.44%
2017 0.3% -12.7% 24.8% 92.77%
2016 6.0% -15.5% 25.3% 27.86%

NAV & Total Return History


BTPIX - Holdings

Concentration Analysis

BTPIX Category Low Category High BTPIX % Rank
Net Assets 72.8 M 0 4.76 B 56.25%
Number of Holdings 7 1 3211 91.75%
Net Assets in Top 10 70.6 M -93.9 M 671 M 26.70%
Weighting of Top 10 99.63% 0.1% 100.0% 3.39%

Top 10 Holdings

  1. SPDR® S&P 500 ETF Trust 54.22%
  2. Fidelity® Inv MM Fds Government Instl 45.30%
  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
54.17% -8.47% 153.48% 74.52%
Cash
45.82% -140.68% 109.39% 23.30%
Preferred Stocks
0.00% -0.01% 8.77% 94.66%
Other
0.00% -70.40% 42.04% 76.70%
Convertible Bonds
0.00% 0.00% 3.53% 97.09%
Bonds
0.00% -4.59% 152.17% 95.67%

Stock Sector Breakdown

Weighting Return Low Return High BTPIX % Rank
Technology
23.48% 0.00% 44.41% 30.73%
Financial Services
14.20% 0.00% 75.98% 54.69%
Healthcare
13.12% 0.00% 97.32% 48.96%
Consumer Cyclical
12.20% 0.00% 77.75% 56.25%
Communication Services
10.93% 0.00% 26.23% 30.73%
Industrials
9.21% 0.00% 40.20% 64.06%
Consumer Defense
6.58% 0.00% 32.58% 55.21%
Energy
2.80% 0.00% 13.49% 32.81%
Utilities
2.67% 0.00% 27.45% 31.77%
Real Estate
2.46% 0.00% 18.34% 39.58%
Basic Materials
2.35% 0.00% 17.64% 60.94%

Stock Geographic Breakdown

Weighting Return Low Return High BTPIX % Rank
US
53.60% -33.28% 150.78% 60.19%
Non US
0.57% -46.50% 86.98% 76.21%

BTPIX - Expenses

Operational Fees

BTPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.99% 0.39% 12.79% 60.40%
Management Fee 1.45% 0.00% 2.50% 78.95%
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% 1.78% 97.61%

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 -0.46% -2.70% 3.99% 53.47%

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

8.33

8.3%

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
0.04 22.47 5.69 6.85