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Fairlead Tactical Sector ETF
Active ETF
TACK
Payout Change
Pending
Price as of:
$27.3618
-0.03
-0.1%
primary theme
N/A
TACK (ETF)
Fairlead Tactical Sector ETF
Payout Change
Pending
Price as of:
$27.3618
-0.03
-0.1%
primary theme
N/A
TACK (ETF)
Fairlead Tactical Sector ETF
Payout Change
Pending
Price as of:
$27.3618
-0.03
-0.1%
primary theme
N/A
Name
As of 12/19/2024Price
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
11.4%
1 yr return
12.4%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$226 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$27.4
$24.33
$29.08
Expenses
OPERATING FEES
Expense Ratio 0.73%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/19/2024Price
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
TACK - Profile
Distributions
- YTD Total Return 11.4%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 2.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFairlead Tactical Sector ETF
-
Fund Family NameN/A
-
Inception DateMar 22, 2022
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKatie Stockton
Fund Description
p id="xdx_A84_err--StrategyNarrativeTextBlock_znSl7W0yOuW7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund is a diversified actively-managed exchange-traded fund (“ETF”) that under normal circumstances will invest more than 80% of the Fund’s net assets in passive domestic equity sector ETFs and ETFs investing respectively in gold and U.S. Treasuries./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund’s principal investment strategy will employ a systematic approach to technical analysis focused on the identification of important trends. Technical analysis is a form of security analysis that uses price data, typically displayed graphically in charts, which are analyzed using various indicators in order to make investment recommendations. The Fund’s portfolio management team/span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"will use technical indicators in determining when to purchase and sell the Fund’s investments. Technical indicators are derived from historical prices and volume for a security. Technical indicators are used by traders, analysts and portfolio managers including the Subadviser, who follow an investment strategy of technical analysis. By analyzing historical data, technical analysts use indicators to predict future price movements. Technical indicators are mathematical and rules-based, and are designed to identify market trends, which are in turn used to identify potentially profitable buying and selling opportunities in the investment markets. The use of technical factors cannot guarantee that the Fund will fulfill its investment objective. Because of the influence of overall market psychology on individual stock performance, technical analysis of trends at the market and sector level is key to the Subadviser’s investment strategy and its effort to outperform the Samp;P 500. The Fund’s strategy is designed to benefit from market uptrends while minimizing downside risk during downtrends. We believe we have developed a sophisticated proprietary technical model that leverages sector leadership in the U.S. equity market, while managing through downdrafts by incorporating exposure to other asset classes, including ETFs investing respectively in gold and U.S. Treasuries, as well as cash equivalents. Through years of research, the portfolio management team believes it has identified several reliable rules-based technical indicators. In part through trial and error, the team has refined these various indicators into a proprietary investment methodology they believe will improve the Fund’s long-term market returns and risk metrics relative to the Samp;P 500./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund’s investable universe will consist of the sectors of the Samp;P 500sup®/sup, as defined by the State Street series of SPDRsup®/sup ETFs. The Fund’s investment strategy is based in part upon tactical rotation of the 11 Samp;P sectors. The ETFs that will initially be eligible for inclusion in our strategy are the following:/span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Communication Services Select Sector SPDRsup®/sup Fund (XLC)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Consumer Discretionary Select Sector SPDRsup®/sup Fund (XLY)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Consumer Staples Select Sector SPDRsup®/sup Fund (XLP)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Energy Select SPDRsup®/sup Fund (XLE)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Financial Select Sector SPDRsup®/sup Fund (XLF)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Health Care Select Sector SPDRsup®/sup Fund (XLV)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Industrial Select Sector SPDRsup®/sup Fund (XLI)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Materials Select Sector SPDRsup®/sup Fund (XLB)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Real Estate Select Sector SPDRsup®/sup Fund (XLRE)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Technology Select Sector SPDRsup®/sup Fund (XLK)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Utilities Select Sector SPDRsup®/sup Fund (XLU)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"In addition, the following ETFs may be incorporated into the Fund’s portfolio during periods where our models indicate a defensive posture out of equities is warranted./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"SPDRsup®/sup Gold Trust (GLD)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"tr style="vertical-align: top; text-align: justify" td style="width: 0.25in"/tdtd style="width: 0.25in; text-align: left"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; -sec-ix-redline: true"●/span/tdtd style="text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; -sec-ix-redline: true"SPDRsup® /supGold MiniShares (GLDM)/span/td /tr/table p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"SPDRsup®/sup Portfolio Long Term Treasury ETF (SPTL)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt" tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/td td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"SPDRsup®/sup Portfolio Short Term Treasury ETF (SPTS)/span/td/tr /table p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund’s investment process is 100% technical and generally 100% systematic. When we say the investment process is 100% technical, that means that all investment decisions are made using technical analysis, which aims to forecast the direction of prices through the study of past market data, namely price or derivations of price (i.e., technical indicators). When we say the investment strategy is generally 100% systematic, we mean that it is a rules-based system that operates without human discretion, although the word “generally” allows the portfolio managers to override the technical model in environments that are not comparable to the historical market data studied for the creation of the model. As part of the Fund’s proprietary investment and research process, the portfolio managers monitor pricing data for the 14 ETFs listed above and apply proprietary rules-based filters using trend-following and overbought/oversold technical indicators. For those ETFs that pass the technical filter, a momentum calculation is performed and applied and the sector ETFs are then assigned a momentum ranking. Signals are generated by the proprietary model when there are changes in filter results and momentum rankings. To manage risk, the model will at times include ETFs representing alternative asset classes, including U.S. Treasuries or gold./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund anticipates holding between 5 and 8 ETF positions, distributed between “risk-on” sector ETF positions of approximately equal sizes and occasional “risk-off” ETF positions of varying sizes based on the results of our technical analysis filters. Equally weighting selected ‘risk-on’ sectors will result in materially different sector exposure than the sector exposure of the Samp;P 500sup®/sup. The Samp;P 500sup®/sup Index, or Standard amp; Poor’s 500 Index, is a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S. The primary potential source of “alpha” in the Fund’s portfolio will be sector exposures that differ from the sector exposures of the Samp;P 500sup®/sup. “Alpha” is a risk (beta adjusted) measurement. Officially, alpha measures the difference between a portfolio’s actual returns and what it might be expected to deliver based on its level of risk. High risk generally means higher reward. A positive alpha means the Fund has beaten expectations. A negative alpha means that the manager failed to match /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"performance with risk. If two managers had the same return, but one had a lower beta, that manager would have a higher alpha. The targeted maximum of any individual ETF is approximately 20% of the Fund’s net assets for “risk-on” equity positions (the sector span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"ETFs) and 25% of the Fund’s net assets for “risk-off” positions in ETFs that invest in gold (e.g., GLD, or other pooled investment vehicles that represent an investment in gold). In periods of substantial uncertainty representing severe “risk off” conditions, the Fund may invest substantial amounts of the Fund (up to 75%) in Treasury ETFs such as SPTS and SPTL. A market where stocks are outperforming bonds is said to be a “risk-on” environment. When stocks are selling off and investors are favoring bonds or gold, the environment is said to be “risk-off.” Portfolios are rebalanced monthly./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p
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TACK - Performance
Return Ranking - Trailing
| Period | TACK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.4% | -51.8% | 22.1% | N/A |
| 1 Yr | 12.4% | -58.9% | 46.9% | N/A |
| 3 Yr | N/A* | -25.7% | 197.6% | N/A |
| 5 Yr | N/A* | -29.1% | 93.8% | N/A |
| 10 Yr | N/A* | -17.2% | 37.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TACK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.0% | -69.4% | 53.7% | N/A |
| 2022 | N/A | -94.0% | 152.6% | N/A |
| 2021 | N/A | -13.9% | 183.6% | N/A |
| 2020 | N/A | -18.2% | 8.9% | N/A |
| 2019 | N/A | -80.2% | 35.2% | N/A |
Total Return Ranking - Trailing
| Period | TACK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.4% | -97.2% | 22.1% | N/A |
| 1 Yr | 12.4% | -58.9% | 67.6% | N/A |
| 3 Yr | N/A* | -25.7% | 197.6% | N/A |
| 5 Yr | N/A* | -28.1% | 93.8% | N/A |
| 10 Yr | N/A* | -11.8% | 37.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TACK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.4% | -69.4% | 53.7% | N/A |
| 2022 | N/A | -94.0% | 152.6% | N/A |
| 2021 | N/A | -13.9% | 183.6% | N/A |
| 2020 | N/A | -12.8% | 8.9% | N/A |
| 2019 | N/A | -60.0% | 35.2% | N/A |
TACK - Holdings
Concentration Analysis
| TACK | Category Low | Category High | TACK % Rank | |
|---|---|---|---|---|
| Net Assets | 226 M | 177 K | 1.21 T | 81.70% |
| Number of Holdings | 9 | 2 | 4154 | 99.31% |
| Net Assets in Top 10 | 212 M | 1.74 K | 270 B | 67.63% |
| Weighting of Top 10 | 100.05% | 1.8% | 100.0% | 0.49% |
Top 10 Holdings
- Utilities Select Sector SPDR Fund USD Class 12.87%
- Financial Select Sector SPDR Fund USD Class 12.81%
- Materials Select Sector SPDR Fund USD Class 12.78%
- Industrial Select Sector SPDR Fund USD Class 12.71%
- Health Care Select Sector SPDR Fund USD Class 12.40%
- Consumer Staples Select Sector SPDR Fund USD Class 12.31%
- Communication Services Select Sector SPDR Fund USD Class 12.13%
- Technology Select Sector SPDR Fund USD Class 11.62%
- BBH SWEEP VEHICLE 0.43%
Asset Allocation
| Weighting | Return Low | Return High | TACK % Rank | |
|---|---|---|---|---|
| Stocks | 99.62% | 0.00% | 130.24% | 98.96% |
| Cash | 0.43% | -102.29% | 100.00% | 45.57% |
| Preferred Stocks | 0.00% | 0.00% | 2.23% | 58.51% |
| Other | 0.00% | -13.91% | 134.98% | 0.55% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 56.43% |
| Bonds | 0.00% | -0.04% | 95.81% | 1.66% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TACK % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 25.44% | 0.07% |
| Technology | 0.00% | 0.00% | 48.94% | 100.00% |
| Real Estate | 0.00% | 0.00% | 37.52% | 0.28% |
| Industrials | 0.00% | 0.00% | 29.90% | 99.93% |
| Healthcare | 0.00% | 0.00% | 60.70% | 99.44% |
| Financial Services | 0.00% | 0.00% | 55.59% | 99.86% |
| Energy | 0.00% | 0.00% | 41.64% | 0.28% |
| Communication Services | 0.00% | 0.00% | 27.94% | 99.65% |
| Consumer Defense | 0.00% | 0.00% | 49.14% | 0.70% |
| Consumer Cyclical | 0.00% | 0.00% | 50.47% | 99.86% |
| Basic Materials | 0.00% | 0.00% | 26.10% | 97.41% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TACK % Rank | |
|---|---|---|---|---|
| US | 99.62% | 0.00% | 127.77% | 98.96% |
| Non US | 0.00% | 0.00% | 33.51% | 96.47% |
TACK - Expenses
Operational Fees
| TACK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.73% | 0.01% | 2.95% | 52.18% |
| Management Fee | 0.59% | 0.00% | 2.00% | 61.84% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 14.80% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| TACK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TACK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| TACK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 496.00% | N/A |
TACK - Distributions
Dividend Yield Analysis
| TACK | Category Low | Category High | TACK % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.35% | 0.00% | 19.15% | 45.90% |
Dividend Distribution Analysis
| TACK | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| TACK | Category Low | Category High | TACK % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -54.00% | 6.06% | N/A |
Capital Gain Distribution Analysis
| TACK | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.161 | OrdinaryDividend |
| Mar 27, 2024 | $0.091 | OrdinaryDividend |
| Dec 27, 2023 | $0.085 | OrdinaryDividend |
| Sep 27, 2023 | $0.082 | OrdinaryDividend |
| Jun 28, 2023 | $0.094 | OrdinaryDividend |
| Mar 29, 2023 | $0.061 | OrdinaryDividend |
| Dec 28, 2022 | $0.094 | OrdinaryDividend |
| Sep 28, 2022 | $0.059 | OrdinaryDividend |
| Jun 28, 2022 | $0.057 | OrdinaryDividend |
TACK - Fund Manager Analysis
Managers
Katie Stockton
Start Date
Tenure
Tenure Rank
Mar 22, 2022
0.19
0.2%
Katie Stockton, CMT®, serves as a portfolio manager at Fairlead Strategies, LLC. Ms. Stockton founded Fairlead in 2018. Prior to forming Fairlead Strategies, Ms. Stockton spent 25 years on Wall Street providing technical research and advice to institutional investors. Most recently, Ms. Stockton served as Chief Technical Strategist for BTIG for four years, and prior to that as Chief Market Technician at MKM Partners for nine years. She also worked for technical strategy teams at Morgan Stanley and Wit Soundview. Ms. Stockton received her Chartered Market Technician (CMT®) designation in 2001, and later served as Vice President of the CMT® Association from 2012 to 2016. In 2017, the Technical Analyst awarded Ms. Stockton’s team at BTIG with an award for the Best Institutional Brokerage for Equity Research. Ms. Stockton frequently appears on CNBC, FOX Business News, and Bloomberg TV, is often quoted by financial news outlets, and is frequently an invited speaker at industry events. Ms. Stockton graduated from the University of Richmond with a Bachelor of Science degree in Business Administration, and now serves on the Executive Advisory Council of its business school.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.17 | 2.42 |
