FormulaFolios Tactical Income ETF
Name
As of 10/06/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.2%
1 yr return
1.3%
3 Yr Avg Return
-3.5%
5 Yr Avg Return
-1.0%
Net Assets
$76.6 M
Holdings in Top 10
98.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.89%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 143.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/06/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FFTI - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return -3.5%
- 5 Yr Annualized Total Return -1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.24%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFormulaFolios Tactical Income ETF
-
Fund Family NameAnchor Funds
-
Inception DateJun 06, 2017
-
Shares Outstanding5800000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark DiOrio
Fund Description
The Fund is an actively managed exchange traded fund (“ETF”) that is a fund of funds. As an actively managed fund, the Fund does not seek to replicate the performance of an index. The Fund seeks to achieve its investment objective by investing through other. ETFs in foreign and domestic fixed income securities. The fixed income securities in which the ETFs invest are U.S. Treasuries, investment grade U.S. bonds, high-yield U.S. bonds (also known as “junk” bonds), U.S. aggregate bond, municipal bonds and international government bonds of any maturity and duration. The advisor uses proprietary quantitative models with discretionary implementation to allocate the Fund’s assets. The advisor uses both internal and external market research sources to inform, guide, and make investment decisions.
The adviser uses its proprietary investment model to rank 5 major fixed income asset classes (U.S. Treasuries, investment grade U.S. bonds, high-yield U.S. bonds, U.S. aggregate bond, and international government bond) based on the strongest combination of yield spread and price momentum (higher price momentum and lower yield spreads). A yield spread is the difference between yields on fixed income securities of varying maturities, credit ratings and risk, which is calculated by deducting the yield of one instrument from another. Price momentum measures the rate of the rise or fall in stock prices. The three highest-ranked asset classes are allocated to the portfolio, while the two lowest ranked asset classes are left out of the portfolio. In addition, if an asset class is not displaying positive momentum, it is not included in the portfolio even it is one of the three highest ranked asset classes. To represent the aforementioned asset classes, the adviser utilizes low-cost, index-tracking ETFs. These ETFs must have a competitive expense ratio, illustrate the ability to closely track the desired asset class’s benchmark, and maintain an appropriate amount of daily trading volume to help avoid liquidity issues.
This process is repeated monthly. The weighting for any individual asset class depends on the prevailing market conditions, with a maximum weight of 56.67% for high-yield U.S. bonds and U.S. Treasuries and a maximum weight of 21.67% for U.S. aggregate bond, investment grade U.S. bonds, and international government bonds. When 2 or less asset classes meet the model’s price momentum criteria, the Fund may invest heavily in U.S. Treasuries and U.S. short-term bonds until more asset classes become favorable for investing.
FFTI - Performance
Return Ranking - Trailing
Period | FFTI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -49.1% | 11.6% | 77.24% |
1 Yr | 1.3% | -51.9% | 12.8% | 84.19% |
3 Yr | -3.5%* | -22.8% | 9.7% | 87.54% |
5 Yr | -1.0%* | -29.5% | 3.0% | 89.03% |
10 Yr | N/A* | -27.4% | 5.3% | 8.72% |
* Annualized
Return Ranking - Calendar
Period | FFTI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.9% | -26.7% | 18.4% | 68.94% |
2022 | -1.9% | -26.6% | 25.7% | 59.16% |
2021 | -2.3% | -49.2% | 18.7% | 77.27% |
2020 | 7.8% | -35.1% | 12.4% | 11.60% |
2019 | -7.3% | -48.0% | 3.4% | 81.75% |
Total Return Ranking - Trailing
Period | FFTI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -48.1% | 13.6% | 77.24% |
1 Yr | 1.3% | -47.3% | 14.1% | 84.19% |
3 Yr | -3.5%* | -18.9% | 19.8% | 87.54% |
5 Yr | -1.0%* | -11.2% | 9.6% | 89.03% |
10 Yr | N/A* | -12.3% | 6.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FFTI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -13.2% | -23.0% | 20.8% | 88.97% |
2022 | 0.9% | -7.6% | 50.0% | 65.62% |
2021 | -0.2% | -28.6% | 24.1% | 86.20% |
2020 | 11.3% | -4.8% | 18.6% | 26.01% |
2019 | -4.2% | -37.3% | 8.0% | 88.74% |
FFTI - Holdings
Concentration Analysis
FFTI | Category Low | Category High | FFTI % Rank | |
---|---|---|---|---|
Net Assets | 76.6 M | 1.44 M | 119 B | 84.62% |
Number of Holdings | 5 | 2 | 8175 | 97.72% |
Net Assets in Top 10 | 79.9 M | -1.57 B | 20.5 B | 60.74% |
Weighting of Top 10 | 98.02% | 4.3% | 105.0% | 7.66% |
Top 10 Holdings
- VANGUARD TOTAL BOND MARKE 23.82%
- ISHARES CORE U.S. AGGREGA 20.45%
- ISHARES 1-3 YEAR TREASURY 19.90%
- ISHARES 7-10 YEAR TREASUR 17.96%
- SPDR BLOOMBERG 1 15.88%
Asset Allocation
Weighting | Return Low | Return High | FFTI % Rank | |
---|---|---|---|---|
Stocks | 98.02% | -38.22% | 261.12% | 3.41% |
Cash | 1.98% | -261.12% | 258.91% | 70.27% |
Convertible Bonds | 1.19% | 0.00% | 33.50% | 50.36% |
Preferred Stocks | 0.00% | 0.00% | 13.21% | 72.26% |
Other | 0.00% | -25.82% | 276.99% | 75.53% |
Bonds | 0.00% | -150.81% | 180.51% | 94.45% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FFTI % Rank | |
---|---|---|---|---|
Energy | 91.06% | 0.00% | 100.00% | 14.92% |
Consumer Cyclical | 8.94% | 0.00% | 89.95% | 13.35% |
Utilities | 0.00% | 0.00% | 100.00% | 70.94% |
Technology | 0.00% | 0.00% | 29.61% | 66.23% |
Real Estate | 0.00% | 0.00% | 100.00% | 70.42% |
Industrials | 0.00% | 0.00% | 100.00% | 76.44% |
Healthcare | 0.00% | 0.00% | 100.00% | 67.54% |
Financial Services | 0.00% | 0.00% | 100.00% | 76.44% |
Communication Services | 0.00% | 0.00% | 100.00% | 72.25% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 69.11% |
Basic Materials | 0.00% | 0.00% | 100.00% | 70.68% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FFTI % Rank | |
---|---|---|---|---|
US | 98.02% | -40.06% | 261.12% | 3.41% |
Non US | 0.00% | -0.10% | 18.33% | 59.46% |
FFTI - Expenses
Operational Fees
FFTI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.89% | 0.01% | 26.65% | 69.60% |
Management Fee | 0.60% | 0.00% | 2.29% | 52.68% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.38% |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
FFTI 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
FFTI 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.
FFTI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 143.00% | 0.00% | 632.00% | 80.93% |
FFTI - Distributions
Dividend Yield Analysis
FFTI | Category Low | Category High | FFTI % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 18.30% | 6.63% |
Dividend Distribution Analysis
FFTI | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
Net Income Ratio Analysis
FFTI | Category Low | Category High | FFTI % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.24% | -1.55% | 11.51% | 72.36% |
Capital Gain Distribution Analysis
FFTI | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 09, 2023 | $0.027 | ExtraDividend |
Sep 20, 2023 | $0.046 | OrdinaryDividend |
Aug 21, 2023 | $0.047 | OrdinaryDividend |
Jul 24, 2023 | $0.052 | OrdinaryDividend |
Jun 20, 2023 | $0.043 | OrdinaryDividend |
May 22, 2023 | $0.043 | OrdinaryDividend |
Apr 19, 2023 | $0.040 | OrdinaryDividend |
Mar 20, 2023 | $0.045 | OrdinaryDividend |
Feb 21, 2023 | $0.016 | OrdinaryDividend |
Dec 21, 2022 | $0.084 | OrdinaryDividend |
Nov 22, 2022 | $0.030 | OrdinaryDividend |
Oct 21, 2022 | $0.033 | OrdinaryDividend |
Sep 21, 2022 | $0.029 | OrdinaryDividend |
Aug 19, 2022 | $0.028 | OrdinaryDividend |
Jul 21, 2022 | $0.025 | OrdinaryDividend |
Jun 21, 2022 | $0.023 | OrdinaryDividend |
May 20, 2022 | $0.029 | OrdinaryDividend |
Apr 21, 2022 | $0.007 | OrdinaryDividend |
Mar 22, 2022 | $0.111 | OrdinaryDividend |
Dec 21, 2021 | $0.124 | OrdinaryDividend |
Nov 19, 2021 | $0.056 | OrdinaryDividend |
Oct 21, 2021 | $0.059 | OrdinaryDividend |
Sep 21, 2021 | $0.062 | OrdinaryDividend |
Aug 19, 2021 | $0.051 | OrdinaryDividend |
Jul 21, 2021 | $0.056 | OrdinaryDividend |
Jun 21, 2021 | $0.062 | OrdinaryDividend |
May 20, 2021 | $0.057 | OrdinaryDividend |
Apr 21, 2021 | $0.053 | OrdinaryDividend |
Mar 19, 2021 | $0.055 | OrdinaryDividend |
Feb 19, 2021 | $0.048 | OrdinaryDividend |
Jan 06, 2021 | $0.021 | OrdinaryDividend |
Dec 21, 2020 | $0.095 | OrdinaryDividend |
Nov 19, 2020 | $0.046 | OrdinaryDividend |
Oct 21, 2020 | $0.043 | OrdinaryDividend |
Sep 21, 2020 | $0.040 | OrdinaryDividend |
Aug 20, 2020 | $0.028 | OrdinaryDividend |
Jul 21, 2020 | $0.037 | OrdinaryDividend |
Jun 19, 2020 | $0.034 | OrdinaryDividend |
May 21, 2020 | $0.040 | OrdinaryDividend |
Apr 21, 2020 | $0.023 | OrdinaryDividend |
Mar 19, 2020 | $0.064 | OrdinaryDividend |
Feb 21, 2020 | $0.051 | OrdinaryDividend |
Dec 20, 2019 | $0.135 | OrdinaryDividend |
Nov 21, 2019 | $0.064 | OrdinaryDividend |
Oct 21, 2019 | $0.062 | OrdinaryDividend |
Sep 20, 2019 | $0.071 | OrdinaryDividend |
Aug 21, 2019 | $0.065 | OrdinaryDividend |
Jul 19, 2019 | $0.072 | OrdinaryDividend |
Jun 21, 2019 | $0.074 | OrdinaryDividend |
May 21, 2019 | $0.060 | OrdinaryDividend |
Apr 22, 2019 | $0.063 | OrdinaryDividend |
Mar 21, 2019 | $0.057 | OrdinaryDividend |
Feb 22, 2019 | $0.054 | OrdinaryDividend |
Dec 20, 2018 | $0.145 | OrdinaryDividend |
Nov 20, 2018 | $0.069 | OrdinaryDividend |
Oct 19, 2018 | $0.069 | OrdinaryDividend |
Sep 21, 2018 | $0.068 | OrdinaryDividend |
Aug 21, 2018 | $0.064 | OrdinaryDividend |
Jul 20, 2018 | $0.066 | OrdinaryDividend |
Jun 21, 2018 | $0.061 | OrdinaryDividend |
May 21, 2018 | $0.067 | OrdinaryDividend |
Apr 20, 2018 | $0.066 | OrdinaryDividend |
Mar 20, 2018 | $0.073 | OrdinaryDividend |
Jan 22, 2018 | $0.043 | OrdinaryDividend |
Dec 28, 2017 | $0.137 | OrdinaryDividend |
Nov 20, 2017 | $0.060 | OrdinaryDividend |
Oct 20, 2017 | $0.060 | OrdinaryDividend |
Sep 21, 2017 | $0.058 | OrdinaryDividend |
Aug 21, 2017 | $0.056 | OrdinaryDividend |
Jul 21, 2017 | $0.058 | OrdinaryDividend |
FFTI - Fund Manager Analysis
Managers
Mark DiOrio
Start Date
Tenure
Tenure Rank
Sep 28, 2020
1.67
1.7%
Mark DiOrio, has been Chief Investment Officer since 2015 and led the Investment Committee of the investment adviser, Brookstone Capital Management, LLC. Following the merger of Brookstone Capital Management, LLC and FormulaFolio Investments, LLC, Mark DiOrio serves as Chief Investment Officer and has served as the portfolio manager.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.66 | 3.19 |