Good Harbor Tactical Select A
Name
As of 05/24/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-13.3%
1 yr return
-8.2%
3 Yr Avg Return
3.0%
5 Yr Avg Return
2.4%
Net Assets
$15.6 M
Holdings in Top 10
75.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.14%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 332.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/24/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GHSAX - Profile
Distributions
- YTD Total Return -13.3%
- 3 Yr Annualized Total Return 1.0%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.24%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
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Legal NameGood Harbor Tactical Select Fund
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Fund Family NameGood Harbor
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Inception DateAug 31, 2015
-
Shares OutstandingN/A
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Share ClassA
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CurrencyUSD
-
Domiciled CountryUnited States
Fund Description
Using a combination of tactical asset allocation strategies, Good Harbor Financial, LLC (the “Adviser”) seeks to achieve the Fund’s investment objective by investing in U.S. and non-U.S. equity markets during sustained rallies and investing defensively in U.S. Treasury bonds during weak equity market conditions. The Adviser generally seeks exposure to equities and treasuries through a variety of investments that provide exposure to equity market and treasury bond indices, including exchange-traded funds (“ETFs”), exchange-traded notes (“ETNs”), mutual funds, equity securities (such as common stock), U.S. government securities, and derivative instruments. The Fund’s principal derivative investments are swaps, structured notes, futures and options designed to provide exposure to a particular equity or treasury bond index or replicate the returns of one or more such indices.
The Fund will incorporate multiple tactical asset allocation strategies selected by the Adviser. These may include: (1) strategies that target U.S. equity markets; (2) strategies that vary their exposure to different sectors within a market, or tactical sector strategies (commonly referred to as sector rotation strategies); and (3) strategies that target non-U.S. equity markets such as foreign developed markets or emerging markets.
The Adviser defines a tactical asset allocation strategy as an investment strategy which targets a specific asset class but has the ability to move out of that asset class under certain conditions. Tactical asset allocation strategies are generally implemented through an objective, model-based investment process. Objective, model-based tactical asset allocation strategies generally have a low correlation to broad market benchmarks.
The Fund combines multiple tactical investment strategies into a single Fund. One of the objectives is to diversify the inherent model risk associated with tactical strategies in an attempt to generate favorable risk adjusted returns. Because many of these strategies are objective, model-based strategies, these types of strategies carry an inherent “model risk” – the risk that any given model may experience periods of outperformance as well as periods of underperformance. Blending tactical strategies can address the potential volatility associated with this model risk by diversifying across multiple models.
Models are developed for these strategies independently, and the models can differ because risk can vary within asset classes or market sectors; they can also differ with respect to their views of risk at a particular point in time as risk can vary over time. The Adviser believes that tactical strategies are characteristically less correlated to broad market benchmarks than strategies that have a mandate to carry a similar risk profile of a named benchmark. In addition, tactical allocation strategies often have low correlation to one another. The Adviser’s research indicates that the low correlation between tactical strategies allows these strategies to be blended together within an investment sleeve resulting in diversification benefits such as a reduction in volatility and improvements in other risk-based measures. This has been observed in tactical strategies targeting both the U.S. equity markets and global equity markets.
The Adviser utilizes an investment process whereby tactical asset allocation strategies are evaluated and selected for their ability to achieve the Fund’s investment objective and diversify risk within the portfolio. The Adviser may select a combination of strategies that target similar markets because of their ability to contribute to reduced risk and enhanced return characteristics. The Fund may invest in affiliated and unaffiliated funds.
Once selected, the Adviser determines the allocation weights across the strategies which are held within the Fund’s portfolio.
Portfolio Allocation. At any given time, the Fund’s portfolio will be invested in all equities, all treasuries or both equities and treasuries. Within each major asset category, further allocations are made across market capitalization or individual sectors and duration. The Adviser attempts to further enhance returns through the use of leveraged ETFs and/or derivatives.
GHSAX - Performance
Return Ranking - Trailing
Period | GHSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -13.3% | -33.1% | 32.5% | 75.36% |
1 Yr | -8.2% | -32.3% | 35.7% | 69.78% |
3 Yr | 3.0%* | -2.4% | 24.0% | 87.06% |
5 Yr | 2.4%* | -0.9% | 15.2% | 89.61% |
10 Yr | N/A* | -2.0% | 11.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | GHSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.7% | -19.0% | 48.3% | 10.37% |
2022 | 3.8% | -16.5% | 52.8% | 60.47% |
2021 | 5.2% | -10.4% | 27.3% | 79.67% |
2020 | -12.1% | -29.6% | 2.4% | 66.23% |
2019 | 13.0% | -11.6% | 29.4% | 21.60% |
Total Return Ranking - Trailing
Period | GHSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -13.3% | -33.1% | 32.5% | 71.07% |
1 Yr | -13.5% | -32.3% | 35.7% | 87.41% |
3 Yr | 1.0%* | -2.5% | 24.0% | 95.29% |
5 Yr | 1.2%* | -1.4% | 15.2% | 95.67% |
10 Yr | N/A* | -2.0% | 11.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GHSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.7% | -19.0% | 48.3% | 10.37% |
2022 | 3.8% | -16.5% | 52.8% | 60.47% |
2021 | 5.2% | -10.4% | 27.3% | 79.67% |
2020 | -8.5% | -29.6% | 2.4% | 58.33% |
2019 | 15.0% | -5.4% | 29.4% | 32.86% |
NAV & Total Return History
GHSAX - Holdings
Concentration Analysis
GHSAX | Category Low | Category High | GHSAX % Rank | |
---|---|---|---|---|
Net Assets | 15.6 M | 1.96 M | 15.7 B | 93.24% |
Number of Holdings | 30 | 2 | 3255 | 59.79% |
Net Assets in Top 10 | 13.1 M | 349 K | 12.1 B | 89.68% |
Weighting of Top 10 | 75.27% | 17.4% | 100.0% | 48.19% |
Top 10 Holdings
- Pacer Trendpilot⢠US Large Cap ETF 20.03%
- iShares Short Treasury Bond ETF 15.01%
- iShares 3-7 Year Treasury Bond ETF 11.80%
- iShares Core S&P Mid-Cap ETF 5.18%
- Energy Select Sector SPDR® ETF 5.08%
- iShares MSCI Eurozone ETF 4.22%
- iShares MSCI Emerging Markets ETF 4.22%
- iShares Russell 2000 ETF 3.46%
- iShares MSCI Switzerland ETF 3.14%
- iShares MSCI United Kingdom ETF 3.12%
Asset Allocation
Weighting | Return Low | Return High | GHSAX % Rank | |
---|---|---|---|---|
Stocks | 72.74% | 0.00% | 238.38% | 20.28% |
Bonds | 23.22% | 0.00% | 194.08% | 53.38% |
Cash | 4.03% | -163.86% | 88.88% | 56.94% |
Preferred Stocks | 0.00% | 0.00% | 6.21% | 44.13% |
Other | 0.00% | -72.87% | 73.78% | 75.80% |
Convertible Bonds | 0.00% | 0.00% | 8.92% | 63.70% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GHSAX % Rank | |
---|---|---|---|---|
Financial Services | 15.35% | 0.00% | 98.22% | 24.05% |
Technology | 15.24% | 0.00% | 85.77% | 66.24% |
Energy | 12.61% | 0.00% | 60.37% | 13.08% |
Healthcare | 11.04% | 0.00% | 38.63% | 57.38% |
Industrials | 10.56% | 0.00% | 23.85% | 31.22% |
Consumer Cyclical | 10.31% | 0.00% | 25.83% | 44.30% |
Consumer Defense | 6.88% | 0.00% | 37.51% | 41.35% |
Communication Services | 5.94% | 0.00% | 21.61% | 56.12% |
Basic Materials | 5.75% | 0.00% | 56.73% | 30.38% |
Real Estate | 3.68% | 0.00% | 99.54% | 48.95% |
Utilities | 2.64% | 0.00% | 91.12% | 54.43% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GHSAX % Rank | |
---|---|---|---|---|
US | 42.73% | 0.00% | 235.84% | 33.81% |
Non US | 30.01% | -6.82% | 98.11% | 8.19% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GHSAX % Rank | |
---|---|---|---|---|
Government | 61.87% | 0.00% | 99.78% | 21.71% |
Cash & Equivalents | 38.12% | 0.22% | 100.00% | 44.13% |
Derivative | 0.00% | 0.00% | 72.21% | 58.72% |
Securitized | 0.00% | 0.00% | 52.99% | 60.14% |
Corporate | 0.00% | 0.00% | 98.30% | 76.16% |
Municipal | 0.00% | 0.00% | 19.13% | 49.11% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GHSAX % Rank | |
---|---|---|---|---|
US | 23.22% | -17.22% | 123.28% | 42.35% |
Non US | 0.00% | -2.67% | 70.80% | 79.00% |
GHSAX - Expenses
Operational Fees
GHSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.14% | 0.44% | 3.72% | 17.86% |
Management Fee | 0.90% | 0.00% | 1.50% | 55.16% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 44.26% |
Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
GHSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.50% | 5.75% | 13.04% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
GHSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 0.50% | 2.00% | 57.14% |
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.
GHSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 332.00% | 0.00% | 441.00% | 92.13% |
GHSAX - Distributions
Dividend Yield Analysis
GHSAX | Category Low | Category High | GHSAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 11.78% | 58.01% |
Dividend Distribution Analysis
GHSAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
GHSAX | Category Low | Category High | GHSAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.24% | -2.12% | 13.72% | 69.57% |
Capital Gain Distribution Analysis
GHSAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 24, 2020 | $0.019 | OrdinaryDividend |
Dec 24, 2019 | $0.270 | OrdinaryDividend |
Dec 12, 2018 | $0.036 | OrdinaryDividend |
Dec 13, 2017 | $0.020 | OrdinaryDividend |