THHYX: Toews Tactical Income Fund - MutualFunds.com
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Toews Tactical Income Fund

THHYX - Snapshot

Vitals

  • YTD Return -0.5%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return 5.1%
  • Net Assets $737 M
  • Holdings in Top 10 98.4%

52 WEEK LOW AND HIGH

$11.07
$10.35
$11.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

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 High Yield Bond

Compare THHYX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.93

-0.17%

$28.60 B

4.55%

$0.27

-0.84%

0.23%

$7.77

-0.13%

$27.29 B

4.65%

$0.36

-0.26%

0.59%

$5.52

0.00%

$23.58 B

5.54%

$0.31

0.18%

0.79%

$86.62

+0.30%

$22.02 B

4.80%

$4.14

-0.78%

0.49%

$10.25

-0.20%

$18.55 B

5.60%

$0.58

1.08%

0.73%

THHYX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Toews Tactical Income Fund
  • Fund Family Name
    Toews Funds
  • Inception Date
    Jun 04, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Randall Schroeder

Fund Description

The fund's adviser seeks to achieve its investment objectives by investing primarily in: (1) ETFs and open-end investment companies that primarily invest in or are otherwise exposed to domestic and foreign high-yield debt instruments; (2) futures total return swaps or credit default swaps; (3) other U.S. or foreign fixed-income securities of any rating;(4) iBoxx IShares High Yield Corporate Bond Futures contracts or other futures contracts and (5) U.S. or foreign cash equivalents.


THHYX - Performance

Return Ranking - Trailing

Period THHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -4.7% 8.3% 75.37%
1 Yr 6.0% -39.8% 18.8% 77.21%
3 Yr 4.1%* -16.0% 10.2% 86.12%
5 Yr 5.1%* -7.4% 13.8% 94.98%
10 Yr 4.6%* 1.2% 9.2% 86.28%

* Annualized

Return Ranking - Calendar

Period THHYX Return Category Return Low Category Return High Rank in Category (%)
2020 2.9% -46.8% 399.1% 10.52%
2019 3.3% -10.3% 226.1% 92.92%
2018 -3.1% -18.4% -0.2% 3.51%
2017 -3.7% -9.5% 18.8% 99.33%
2016 6.9% -9.1% 28.6% 64.58%

Total Return Ranking - Trailing

Period THHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -4.7% 8.3% 75.37%
1 Yr 6.0% -39.8% 18.5% 63.57%
3 Yr 4.1%* -16.0% 10.2% 77.76%
5 Yr 5.1%* -7.4% 13.8% 93.91%
10 Yr 4.6%* 1.2% 9.2% 83.10%

* Annualized

Total Return Ranking - Calendar

Period THHYX Return Category Return Low Category Return High Rank in Category (%)
2020 2.9% -46.8% 399.1% 10.52%
2019 3.3% -8.1% 23.9% 93.50%
2018 -3.1% -18.4% 1.3% 14.05%
2017 -3.7% -8.5% 18.8% 99.67%
2016 6.9% -9.1% 39.0% 71.91%

NAV & Total Return History


THHYX - Holdings

Concentration Analysis

THHYX Category Low Category High THHYX % Rank
Net Assets 737 M 3.63 M 28.6 B 41.52%
Number of Holdings 17 3 2297 97.84%
Net Assets in Top 10 709 M -564 M 3.47 B 11.74%
Weighting of Top 10 98.43% 3.2% 100.0% 1.23%

Top 10 Holdings

  1. Fifth Third Bank Safe Trust 99.83%
  2. Fifth Third Bank Safe Trust 99.83%
  3. Fifth Third Bank Safe Trust 99.83%
  4. Fifth Third Bank Safe Trust 99.83%
  5. Fifth Third Bank Safe Trust 99.83%
  6. Fifth Third Bank Safe Trust 99.83%
  7. Fifth Third Bank Safe Trust 99.83%
  8. Fifth Third Bank Safe Trust 99.83%
  9. Fifth Third Bank Safe Trust 99.83%
  10. Fifth Third Bank Safe Trust 99.83%

Asset Allocation

Weighting Return Low Return High THHYX % Rank
Bonds
92.57% 6.16% 146.57% 58.03%
Convertible Bonds
2.39% 0.00% 18.78% 43.99%
Other
2.08% -50.78% 33.59% 5.26%
Cash
1.70% -40.59% 75.30% 68.83%
Stocks
0.71% -8.82% 43.20% 34.14%
Preferred Stocks
0.55% 0.00% 11.16% 22.94%

Stock Sector Breakdown

Weighting Return Low Return High THHYX % Rank
Basic Materials
25.19% 0.00% 100.00% 7.58%
Real Estate
20.09% 0.00% 100.00% 3.69%
Energy
17.50% 0.00% 100.00% 49.59%
Utilities
10.47% 0.00% 99.28% 17.42%
Healthcare
9.37% 0.00% 100.00% 11.68%
Communication Services
8.83% 0.00% 100.00% 24.39%
Financial Services
3.19% 0.00% 100.00% 26.43%
Technology
2.11% 0.00% 99.99% 17.62%
Industrials
2.06% 0.00% 100.00% 27.46%
Consumer Cyclical
1.18% 0.00% 100.00% 30.74%
Consumer Defense
0.00% 0.00% 100.00% 31.35%

Stock Geographic Breakdown

Weighting Return Low Return High THHYX % Rank
US
0.66% -8.82% 37.04% 33.87%
Non US
0.05% 0.00% 15.55% 21.73%

Bond Sector Breakdown

Weighting Return Low Return High THHYX % Rank
Corporate
92.44% 0.00% 100.00% 70.68%
Cash & Equivalents
5.15% 0.00% 92.44% 28.65%
Derivative
1.45% 0.00% 41.53% 11.49%
Government
0.84% 0.00% 71.97% 17.30%
Securitized
0.12% 0.00% 92.43% 42.30%
Municipal
0.00% 0.00% 13.37% 25.27%

Bond Geographic Breakdown

Weighting Return Low Return High THHYX % Rank
US
80.62% 0.18% 122.57% 44.67%
Non US
11.95% -25.95% 97.40% 56.82%

THHYX - Expenses

Operational Fees

THHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.19% 0.03% 20.43% 37.19%
Management Fee 1.00% 0.00% 1.84% 96.05%
12b-1 Fee 0.00% 0.00% 1.00% 2.41%
Administrative Fee N/A 0.00% 0.50% 49.00%

Sales Fees

THHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

THHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

THHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 349.00% 99.78%

THHYX - Distributions

Dividend Yield Analysis

THHYX Category Low Category High THHYX % Rank
Dividend Yield 0.00% 0.00% 3.74% 28.17%

Dividend Distribution Analysis

THHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

THHYX Category Low Category High THHYX % Rank
Net Income Ratio 3.03% -2.17% 10.93% 96.16%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

THHYX - Fund Manager Analysis

Managers

Randall Schroeder


Start Date

Tenure

Tenure Rank

Jun 04, 2010

10.75

10.8%

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.

Phillip Toews


Start Date

Tenure

Tenure Rank

Jun 04, 2010

10.75

10.8%

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.

Jason Graffius


Start Date

Tenure

Tenure Rank

Aug 28, 2014

6.51

6.5%

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

3.5

3.5%

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
0.01 36.54 6.67 1.67