ATYAX — Ascendant Tactical Yield Fund
Data updated: 2020-08-27
ATYAX — Ascendant Tactical Yield Fund. Money Market · $12.20M AUM · 3.82% expense ratio. Holdings, fees, performance and SEC filings.
ATYAX Fund Overview
ATYAX — Ascendant Tactical Yield Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as Money Market. 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: Money Market
- Assets under management: $12.20M
- Ticker: ATYAX
- SEC CIK: 0001314414
- SEC series ID: S000048980
- Share class ID: C000154407
ATYAX Investment Objective and Strategy
Ascendant Tactical Yield Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.
Investment objective
The Fund seeks capital preservation
Principal investment strategy
Under normal market conditions, the Fund allocates its assets primarily to mutual funds that invest in different segments of the fixed income market of any maturity including high yield (commonly known as junk bonds), U.S. Government and Agency debt securities, foreign government debt securities, investment grade U.S. corporate debt securities, floating rate instruments, municipal bonds, convertible bonds and money market funds (Underlying Funds). The Fund may invest in other mutual funds managed by the Funds investment adviser. The Funds investment adviser delegates execution of the Funds investment strategy to United Capital Financial Advisors, LLC. (United Capital or the Sub-Adviser). The Fund may also use swaps in order to gain exposure to the returns of certain Underlying Funds. The Sub-Adviser monitors technical market indicator signals, market conditions and the predicted economic environment in determining how to allocate the Funds assets.
The Sub-Adviser selects funds that are top performers in their sector which show relative strength with projected continued performance. The Sub-Adviser also considers an Underlying Funds portfolio liquidity, line(s) of credit, trading limitations, asset size and adherence to the funds investment objective when selecting funds for investment. The Fund may invest in short or inverse mutual funds to hedge other portfolio exposures. Such short or inverse mutual funds are designed to rise in price when stock prices are falling but may limit the Fund's participation in overall market-wide gains. In seeking to fulfill the Fund's investment objective, the Sub-Adviser may engage in frequent trading of the Fund's portfolio securities.
ATYAX Costs and Fees
ATYAX costs about $382 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.82%
- Gross expense ratio: 3.82%
- Portfolio turnover: 145%
- Brokerage commissions: 9.23 bps of average net assets (SEC N-CEN)
ATYAX Cashflows
Over the 12 months to 2020-06, Ascendant Tactical Yield Fund had net inflows of $19.14M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | $1.25M |
| 2020-05 | $11.84M |
| 2020-04 | $1.99M |
| 2020-03 | $2.57M |
| 2020-02 | $473.30K |
| 2020-01 | $1.02M |
ATYAX Debt Constituents
No individual debt constituents are reported in Ascendant Tactical Yield Fund's latest SEC N-PORT filing.
ATYAX Prospectus and SEC Filings
Official Ascendant Tactical Yield Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Money Market 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.