BTIFX Performance — Belmont Theta Income Fund, Institutional Class Shares
Data updated: 2025-09-29
BTIFX returned +3.22% over one year to Jul 2025. Annualised returns are +8.35% over 3 years and +4.70% over 5 years. Against its Money Market category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $127, against $116 for the category, and to $103 over one year, against $106. Volatility over the past three years was 7.38% a year. In the 12 months to Jul 2025 the fund took in a net $1.1M, and assets reached $16.82M.
BTIFX Growth of $100
What $100 invested in Belmont Theta Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Money Market category average over the same months.
| Period | BTIFX | Category average |
|---|---|---|
| 1 year (Aug 2024 – Jul 2025) | $103 | $106 |
| 3 years (Aug 2022 – Jul 2025) | $127 | $116 |
| 5 years (Aug 2020 – Jul 2025) | $126 | $124 |
| Since data start (Feb 2020 – Jul 2025) | $125 | $122 |
BTIFX Trailing Returns
Total returns to Jul 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +3.22% |
| 3 years (annualised) | +8.35% |
| 5 years (annualised) | +4.70% |
BTIFX Annual Returns
Calendar-year total returns of Belmont Theta Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jul) | −1.63% |
| 2024 | +11.16% |
| 2023 | +11.18% |
| 2022 | −0.56% |
| 2021 | +4.00% |
| 2020 (Feb–Dec) | −0.21% |
BTIFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +2.3% | −0.4% | −5.2% | −2.3% | +2.0% | +1.8% | +0.4% | — | — | — | — | — |
| 2024 | +1.0% | +1.1% | +1.0% | −0.4% | +2.1% | +1.0% | +0.1% | +2.2% | +1.2% | −0.2% | +2.3% | −0.7% |
| 2023 | −0.4% | +1.9% | +0.5% | +1.2% | +1.7% | −0.6% | +1.1% | +1.0% | −2.3% | −1.8% | +7.8% | +1.0% |
| 2022 | −1.7% | −0.2% | −0.5% | −0.5% | 0.0% | −2.3% | +0.2% | +0.2% | −2.8% | +4.0% | +1.6% | +1.6% |
| 2021 | +0.5% | +0.8% | +1.7% | −2.0% | +1.2% | +0.4% | −0.3% | +0.7% | −0.5% | +0.3% | −1.1% | +2.4% |
| 2020 | — | −0.1% | 0.0% | 0.0% | −0.8% | −0.6% | +1.2% | −1.6% | −0.1% | +0.3% | +0.3% | +1.1% |
BTIFX Risk
Risk measures from monthly returns over Aug 2022 – Jul 2025.
- 3-year volatility (annualised): 7.38%
- 3-year Sharpe ratio: 0.52 (vs 4.5% risk-free rate)
- Best month: +7.77% (Nov 2023)
- Worst month: −5.19% (Mar 2025)
BTIFX Fund Flows
Monthly money in and out of Belmont Theta Income Fund, from SEC Form N-PORT.
- 12-month net flow: $1.1M
- 12-month gross sales (incl. reinvestments): $7.3M
- Sales ÷ redemptions: 1.18×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2025 | $1.3M | $1.6M | −$386K |
| Jun 2025 | $45K | $305K | −$259K |
| May 2025 | $12K | $255K | −$244K |
| Apr 2025 | $11K | $264K | −$253K |
| Mar 2025 | $137K | $686K | −$548K |
| Feb 2025 | $491K | $61K | $430K |
| Jan 2025 | $546K | $79K | $467K |
| Dec 2024 | $2.8M | $2.2M | $588K |
| Nov 2024 | $40K | $361K | −$321K |
| Oct 2024 | $200K | $60K | $140K |
| Sep 2024 | $585K | $174K | $411K |
| Aug 2024 | $1.2M | $95K | $1.1M |
BTIFX Assets Under Management
Net assets of Belmont Theta Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-07-31 | $16.82M |
| 2025-04-30 | $18.19M |
| 2025-01-31 | $20.14M |
| 2024-10-31 | $21.14M |
| 2024-07-31 | $18.78M |
| 2024-04-30 | $16.94M |
| 2024-01-31 | $11.86M |
| 2023-10-31 | $11.11M |
| 2023-07-31 | $11.59M |
| 2023-04-30 | $11.38M |
| 2023-01-31 | $10.90M |
| 2022-10-31 | $10.70M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.