ATVAX — Athena Behavioral Tactical Fund
Data updated: 2025-07-14
ATVAX — Athena Behavioral Tactical Fund. United States Multi-Cap / All-Cap Value Equity · $12.98M AUM. Holdings, fees, performance and SEC filings.
ATVAX Fund Overview
ATVAX — Athena Behavioral Tactical Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as United States Multi-Cap / All-Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust
- Category: United States Multi-Cap / All-Cap Value Equity
- Assets under management: $12.98M
- 1-year return: 1.5%
- Ticker: ATVAX
- SEC CIK: 0001314414
- SEC series ID: S000048653
- Share class ID: C000153331
ATVAX Investment Objective and Strategy
Athena Behavioral Tactical Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.
Investment objective
The Athena Value Fund (the Fund) seeks capital appreciation.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing primarily in common stock of issuers of any capitalization which provide investment exposure to U.S. domestic equity markets. However, the Fund may invest up to 10% of its net assets in securities of foreign issuers, and intends to make such investments primarily through American Depository Receipts (ADRs). The Funds adviser, Princeton Fund Advisors, LLC (the Adviser or Princeton) is responsible for regulatory oversight of the Fund and oversight of the investment portfolio. The Adviser has delegated management of the Funds portfolio to AthenaInvest Advisors LLC (the Sub-Adviser or AthenaInvest). The Sub-Adviser is responsible for securities selection and trade execution. The Sub-Adviser seeks to achieve the Funds investment objective by purchasing equity securities which it believes are trading below their true value.
The Sub-Adviser uses a proprietary portfolio management approach which seeks to identify mispriced securities by measuring behavioral factors such as management confidence, analyst confidence, creditor confidence and market overreaction. Stocks are screened by the Sub-Adviser, which will evaluate many factors, including the following, when selecting an investment: (i) balance sheet ratios, (ii) projected earnings, (iii) sales and revenues, (iv) dividends, (v) price ratios, and (vi) trading volume. Securities that meet the Sub-Advisers criteria are then considered for inclusion in the portfolio based on overall portfolio construction metrics which include, but are not limited to, attractiveness relative to other securities which meet the criteria, potential dividend income, and sector weightings.
The Sub-Adviser seeks to maintain investments among and across economic sectors under normal market conditions but may take more concentrated positions in certain sectors than its benchmark, the S&P 500 Index, depending on the aggregation of the portfolios individual security selections. The S&P 500 Index is an index of 500 U.S. stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe. The Sub-Adviser will consider the following factors when selling investments in the Funds portfolio: (i) whether the securities continue to meet all of the investment criteria; (ii) attractiveness of the security versus other qualifying securities not currently in the portfolio; (iii) a reduced or complete elimination of dividend payment; and (iv) changes in equity market return expectations.
The Fund may also invest in publicly-traded Master Limited Partnerships (MLPs). MLPs are typically engaged in one or more aspects of the exploration, production, processing, transmission, marketing, storage or delivery of energy-related commodities such as natural gas, natural gas liquids, coal, crude oil or refined petroleum products. Holders of MLP units have limited control and voting rights on matters affecting the partnership. The Fund does not intend to invest in illiquid MLPS and will limit its investments in publicly traded MLPs to no more than 25% of net assets. The Fund may also hold money market instruments, cash, and other cash equivalents. The Advisers investment oversight process combines risk management, due diligence and portfolio monitoring. The Adviser monitors the Funds strategies as-executed for investment performance and achievement of the Funds risk objectives.
The Funds investment portfolio may be rebalanced as a result of the Advisers monitoring policies according to the Funds investment objectives, polices or restrictions. The Adviser has compliance and regulatory oversight and supervisory responsibilities for the Funds securities portfolio, however day-to-day management of the Fund is delegated to the Sub-Adviser as described above. Distribution Policy The level of distributions (including any return of capital) is not fixed but, except during periods of substantial asset growth, is expected to be in a range equivalent to 2% to 3.5% of the Funds current net asset value per share, expressed as an annual rate. For more information about the Funds distribution policy, please turn to Distribution Policy and Goals on page 6 of this Prospectus.
ATVAX Holdings
Top 3 holdings of Athena Behavioral Tactical Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| ProShares Trust | 99.15% |
| First American Funds Inc. | 0.72% |
| Fidelity Colchester Street Trust | 0.26% |
ATVAX Portfolio Allocation
Asset-class allocation of Athena Behavioral Tactical Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Cash & Equivalents | 1.0% |
ATVAX Performance
Total returns for ATVAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.5% |
| 3 years (annualised) | 0.8% |
| 5 years (annualised) | 9.0% |
ATVAX Risk Information
Risk metrics for ATVAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.4%
ATVAX Costs and Fees
ATVAX costs about $165 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.65%
- Gross expense ratio: 2.34%
- Portfolio turnover: 45%
- Brokerage commissions: 6.41 bps of average net assets (SEC N-CEN)
ATVAX Cashflows
Over the 12 months to 2025-04, Athena Behavioral Tactical Fund had net outflows of $3.08M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-04 | −$102.44K |
| 2025-03 | −$2.49M |
| 2025-02 | −$705.19K |
| 2025-01 | $187.05K |
| 2024-12 | $1.56M |
| 2024-11 | $3.91M |
ATVAX Debt Constituents
No individual debt constituents are reported in Athena Behavioral Tactical Fund's latest SEC N-PORT filing.
ATVAX Prospectus and SEC Filings
Official Athena Behavioral Tactical Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-08-19
- Prospectus (485BPOS) — filed 2023-08-25
- Prospectus (485BPOS) — filed 2022-08-25
- Portfolio holdings (N-PORT) — filed 2025-06-26
- Portfolio holdings (N-PORT) — filed 2025-03-26
- Portfolio holdings (N-PORT) — filed 2024-12-26
- Annual census (N-CEN) — filed 2025-07-14
- Annual census (N-CEN) — filed 2024-07-15
Related Funds
Other United States Multi-Cap / All-Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.