BHTAX — Beech Hill Total Return Fund
Data updated: 2023-11-29
BHTAX — Beech Hill Total Return Fund. Total Return Allocation · $17.07M AUM · 1.75% expense ratio. Holdings, fees, performance and SEC filings.
BHTAX Fund Overview
BHTAX — Beech Hill Total Return Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as Total Return Allocation. 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: Total Return Allocation
- Assets under management: $17.07M
- 1-year return: 20.0%
- Ticker: BHTAX
- SEC CIK: 0001314414
- SEC series ID: S000030708
- Share class ID: C000095152
BHTAX Investment Objective and Strategy
Beech Hill Total Return 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 total return from income and capital appreciation.
Principal investment strategy
The Funds adviser seeks to achieve the Funds investment objective by investing primarily in: ? equity securities, ? fixed income securities, and ? cash equivalents selected using the advisers asset allocation strategy. The Fund defines equity securities as common stock and convertible preferred stock of US companies as well as American Depositary Receipts (ADRs) representing common stock and convertible preferred stock of foreign issuers. ADRs are receipts issued by an American bank or trust company evidencing ownership of underlying securities issued by a foreign issuer. The Fund defines fixed income securities as notes, bonds, non-convertible preferred shares and other evidences of indebtedness. The Fund will invest only in US Dollar denominated securities. However, it invests without restriction to issuer capitalization or country.
Nonetheless, the adviser anticipates that the Funds equity investments will be predominantly in securities of large capitalization issuers (those with market capitalizations over $10 billion). Individual fixed income securities are purchased without restriction as to maturity. The Fund restricts fixed income securities to those rated BB- or higher by Standard and Poors Ratings Group (S&P) or equivalently rated by another nationally recognized statistical rating organization (NRSRO) or, if unrated, determined by the adviser to be of similar quality. The Fund may also employ leverage including bank borrowing of up to 33% of the Funds assets (defined as net assets plus borrowing for investment purposes). The Fund seeks income from both dividends paid by equity securities and interest payments from fixed income securities.
It seeks capital appreciation from equity and fixed income securities. The adviser will also seek to preserve principal when it believes equity market conditions are unfavorable by increasing allocations to fixed income securities and cash equivalents. The adviser buys and sells securities to meet its asset allocation targets. Additionally, it sells specific securities when a price target is achieved, the investment is no longer considered undervalued, or an issuers fundamental financial outlook has deteriorated.
BHTAX Performance
Total returns for BHTAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 20.0% |
| 3 years (annualised) | 6.1% |
BHTAX Risk Information
Risk metrics for BHTAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.2%
BHTAX Costs and Fees
BHTAX costs about $175 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.75%
- Gross expense ratio: 2.63%
- Portfolio turnover: 25%
- Brokerage commissions: 1.63 bps of average net assets (SEC N-CEN)
BHTAX Cashflows
Over the 12 months to 2023-09, Beech Hill Total Return Fund had net inflows of $1.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | $152.21K |
| 2023-08 | $45.00K |
| 2023-07 | $47.46K |
| 2023-06 | $46.54K |
| 2023-05 | $41.52K |
| 2023-04 | $415.57K |
BHTAX Debt Constituents
No individual debt constituents are reported in Beech Hill Total Return Fund's latest SEC N-PORT filing.
BHTAX Prospectus and SEC Filings
Official Beech Hill Total Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-25
- Prospectus (485BPOS) — filed 2022-04-27
- Prospectus (485BPOS) — filed 2021-05-05
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Portfolio holdings (N-PORT) — filed 2023-05-30
- Annual census (N-CEN) — filed 2023-03-15
- Annual census (N-CEN) — filed 2022-03-16
Related Funds
Other Total Return Allocation 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.