TTDAX: Toews Tactical Defensive Alpha Fund - MutualFunds.com
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Toews Tactical Defensive Alpha

TTDAX - Snapshot

Vitals

  • YTD Return 9.3%
  • 3 Yr Annualized Return 13.4%
  • 5 Yr Annualized Return 11.6%
  • Net Assets $137 M
  • Holdings in Top 10 91.9%

52 WEEK LOW AND HIGH

$14.39
$10.97
$14.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.26%

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) $10,000
  • IRA $10,000

Fund Classification

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

Compare TTDAX to Popular Long-Short Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$17.19

-0.06%

$4.80 B

-

$0.00

3.49%

1.80%

$29.61

-0.20%

$2.11 B

0.16%

$0.05

14.37%

1.82%

$15.19

-0.33%

$1.39 B

0.00%

$0.00

9.44%

1.66%

$13.00

-0.38%

$1.09 B

0.00%

$0.00

3.75%

1.70%

$8.76

+0.11%

$1.06 B

5.19%

$0.45

7.09%

1.21%

TTDAX - Profile

Distributions

  • YTD Total Return 9.3%
  • 3 Yr Annualized Total Return 13.4%
  • 5 Yr Annualized Total Return 11.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.42%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Toews Tactical Defensive Alpha Fund
  • Fund Family Name
    Toews Funds
  • Inception Date
    Jan 07, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Phillip Toews

Fund Description

The fund's adviser seeks to achieve the fund's investment objective by investing primarily in: (1) derivative instruments including but not limited to futures contracts on equity indices compromised of issuers of any capitalization, (2) fixed income securities and (3) cash equivalents. It may also invest directly in stocks of U.S. issuers of any capitalization, foreign large cap stocks and exchange traded funds ("ETFs") that invest primarily in common stock.


TTDAX - Performance

Return Ranking - Trailing

Period TTDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -10.5% 49.0% 38.35%
1 Yr 35.1% -7.2% 89.9% 14.36%
3 Yr 13.4%* -12.9% 25.1% 12.70%
5 Yr 11.6%* -4.6% 17.8% 8.48%
10 Yr N/A* -5.0% 10.5% N/A

* Annualized

Return Ranking - Calendar

Period TTDAX Return Category Return Low Category Return High Rank in Category (%)
2020 12.5% -47.6% 88.4% 26.77%
2019 13.6% -20.3% 62.6% 20.11%
2018 -8.6% -53.1% 12.7% 48.33%
2017 1.8% -67.1% 21.9% 79.52%
2016 N/A -17.3% 25.3% N/A

Total Return Ranking - Trailing

Period TTDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -11.8% 49.0% 38.35%
1 Yr 35.1% -11.4% 89.9% 12.87%
3 Yr 13.4%* -14.0% 25.1% 11.64%
5 Yr 11.6%* -5.0% 17.8% 7.88%
10 Yr N/A* -5.0% 10.5% N/A

* Annualized

Total Return Ranking - Calendar

Period TTDAX Return Category Return Low Category Return High Rank in Category (%)
2020 12.5% -47.6% 88.4% 26.77%
2019 13.6% -20.3% 62.6% 20.11%
2018 -8.6% -53.1% 12.7% 58.89%
2017 1.8% -12.7% 24.8% 87.35%
2016 N/A -15.5% 25.3% N/A

NAV & Total Return History


TTDAX - Holdings

Concentration Analysis

TTDAX Category Low Category High TTDAX % Rank
Net Assets 137 M 0 4.8 B 37.98%
Number of Holdings 11 1 3305 84.95%
Net Assets in Top 10 119 M -93.9 M 789 M 19.90%
Weighting of Top 10 91.94% 0.2% 100.0% 6.94%

Top 10 Holdings

  1. Vanguard Short-Term Bond ETF 81.61%
  2. Fifth Third Bank Safe Trust 10.77%
  3. Fifth Third Bank Safe Trust 10.77%
  4. Fifth Third Bank Safe Trust 10.77%
  5. Fifth Third Bank Safe Trust 10.77%
  6. Fifth Third Bank Safe Trust 10.77%
  7. Fifth Third Bank Safe Trust 10.77%
  8. Fifth Third Bank Safe Trust 10.77%
  9. Fifth Third Bank Safe Trust 10.77%
  10. Fifth Third Bank Safe Trust 10.77%

Asset Allocation

Weighting Return Low Return High TTDAX % Rank
Bonds
80.07% -4.59% 131.00% 0.96%
Cash
18.26% -112.29% 109.39% 61.17%
Convertible Bonds
1.33% 0.00% 3.09% 5.34%
Stocks
0.33% -8.47% 153.48% 96.63%
Preferred Stocks
0.00% -0.01% 8.73% 72.82%
Other
0.00% -70.40% 64.82% 68.45%

Stock Sector Breakdown

Weighting Return Low Return High TTDAX % Rank
Utilities
27.45% 0.00% 27.45% 0.52%
Real Estate
16.28% 0.00% 18.13% 1.03%
Financial Services
16.28% 0.00% 75.49% 36.08%
Industrials
10.71% 0.00% 35.36% 52.06%
Consumer Defense
10.65% 0.00% 32.58% 21.13%
Healthcare
5.30% 0.00% 97.32% 92.78%
Communication Services
4.79% 0.00% 30.54% 76.80%
Technology
3.54% 0.00% 44.41% 94.33%
Consumer Cyclical
3.08% 0.00% 77.26% 96.91%
Basic Materials
1.10% 0.00% 17.96% 74.23%
Energy
0.80% 0.00% 15.08% 72.68%

Stock Geographic Breakdown

Weighting Return Low Return High TTDAX % Rank
US
0.33% -33.28% 150.78% 94.66%
Non US
0.00% -49.81% 86.98% 92.72%

Bond Sector Breakdown

Weighting Return Low Return High TTDAX % Rank
Government
59.94% 0.00% 100.00% 3.88%
Corporate
21.55% 0.00% 99.78% 9.22%
Cash & Equivalents
18.42% 0.00% 100.00% 93.20%
Municipal
0.07% 0.00% 3.36% 1.46%
Securitized
0.02% 0.00% 10.88% 5.34%
Derivative
0.00% 0.00% 60.72% 71.36%

Bond Geographic Breakdown

Weighting Return Low Return High TTDAX % Rank
US
71.70% -4.59% 131.00% 0.97%
Non US
8.37% 0.00% 26.10% 2.43%

TTDAX - Expenses

Operational Fees

TTDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.26% 0.39% 12.79% 88.12%
Management Fee 1.00% 0.00% 2.50% 36.36%
12b-1 Fee 0.00% 0.00% 1.00% 18.64%
Administrative Fee N/A 0.03% 1.47% 54.55%

Sales Fees

TTDAX 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

TTDAX 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.

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

TTDAX - Distributions

Dividend Yield Analysis

TTDAX Category Low Category High TTDAX % Rank
Dividend Yield 0.00% 0.00% 1.79% 73.68%

Dividend Distribution Analysis

TTDAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

TTDAX Category Low Category High TTDAX % Rank
Net Income Ratio 1.42% -2.70% 3.99% 4.46%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

TTDAX - Fund Manager Analysis

Managers

Phillip Toews


Start Date

Tenure

Tenure Rank

Jan 07, 2016

5.4

5.4%

Phil Toews is the CEO and founder of the Toews Corporation. Phil helped pioneer the field of unconstrained tactical management by building models beginning in 1989. In the construction of the Toews Dynamic Hedging Strategy, his focus was on building effective loss avoidance and reliable market up-capture. Phil received a B.S. in Business and Economics from Bethel College in Newton, KS, in 1986. In 1987 he joined IDS/American Express as a Financial Consultant. From 1989 through 1994 he ran the money management division at Dorset Financial Services, Corp., of Devon, PA. Since 1994 he has acted as chief executive at Toews Corporation where he has overseen all aspects of the Toews System.

Randall Schroeder


Start Date

Tenure

Tenure Rank

Jan 07, 2016

5.4

5.4%

Randy joined Toews in March of 1998. During his tenure he has been the primary overseer of the Toews analytic methodology and is currently the co-portfolio manager for the Toews Funds. Randy received a B.A. from Bethel College in Newton, KS in 1988 and a Masters of Arts from the State University of New York, Binghamton, New York in 1994.

Jason Graffius


Start Date

Tenure

Tenure Rank

Jan 07, 2016

5.4

5.4%

Jason began working with the Toews Corporation in October 2013. He oversees the day-to-day operations of and researches investment opportunities for the Toews mutual funds. Prior to this role, Jason was a Vice President at BlackRock Financial Management, Inc. where he worked on the Structured Finance Team, overseeing Collateralized Debt Obligations and various Hedge Funds and Government Mandated Projects. Jason has also previously worked at JPMorgan. Mr. Graffius received a B.S. in Accounting from Rutgers University in Camden, NJ in 2002.

Charles Collins


Start Date

Tenure

Tenure Rank

Aug 31, 2017

3.75

3.8%

Charles Collins is Head of Trading, Options & Derivatives Specialist and Portfolio Manager for the Toews Corporation. Prior to joining Toews in May 2016, he was an equity derivatives broker at Tullett Prebon in Jersey City, NJ. In that role, his primary responsibility was providing investment banks and asset money managers access to liquidity in products such as index and single stock options, delta one, variance swaps, and cash. Prior to his experience as a derivatives broker, he was a floor trader and an independent member of the New York Stock Exchange. Throughout his career he has acquired the Series 4, 7, 24, 55, & 63.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 22.55 5.77 6.93