BTSAX Performance — BTS Managed Income Fund, Class A
Data updated: 2026-08-24
BTSAX returned +1.91% year to date and +5.10% over one year to Jun 2026. Annualised returns are +5.38% over 3 years and +0.66% over 5 years. The fund trailed its US Multi-Cap Value category average: $100 invested three years ago grew to $117, against $142 for the category, and to $105 over one year, against $112. Volatility over the past three years was 4.47% a year. In the 12 months to Jun 2026 the fund took in a net $3.5M, and assets reached $10.73M.
BTSAX Growth of $100
What $100 invested in BTS Managed Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Value category average over the same months.
| Period | BTSAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $112 |
| 3 years (Jul 2023 – Jun 2026) | $117 | $142 |
| 5 years (Jul 2021 – Jun 2026) | $103 | $143 |
| Since data start (Jan 2020 – Jun 2026) | $112 | $176 |
BTSAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.91% |
| 1 year | +5.10% |
| 3 years (annualised) | +5.38% |
| 5 years (annualised) | +0.66% |
BTSAX Annual Returns
Calendar-year total returns of BTS Managed Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.91% |
| 2025 | +5.40% |
| 2024 | +5.84% |
| 2023 | +5.37% |
| 2022 | −12.46% |
| 2021 | −1.27% |
| 2020 | +8.53% |
BTSAX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.3% | +0.5% | −2.1% | +1.7% | +0.2% | +0.4% | — | — | — | — | — | — |
| 2025 | +1.4% | +0.6% | −1.5% | −1.1% | +1.2% | +1.7% | +0.6% | +1.0% | +0.3% | 0.0% | +0.9% | +0.2% |
| 2024 | −0.2% | +0.4% | +1.3% | −1.7% | +1.3% | +0.5% | +1.7% | +1.1% | +1.2% | −0.7% | +2.3% | −1.3% |
| 2023 | +3.7% | −2.4% | +0.4% | +0.4% | −1.0% | +1.3% | +1.1% | −0.4% | −1.9% | −1.6% | +3.0% | +2.8% |
| 2022 | −2.2% | −1.0% | −1.4% | −3.1% | +0.3% | −5.2% | +3.2% | −2.5% | −3.7% | +1.5% | +3.0% | −1.6% |
| 2021 | −0.5% | −0.6% | −0.5% | +0.8% | +0.2% | +0.9% | +0.1% | −0.1% | −1.5% | +0.6% | −0.8% | +0.3% |
| 2020 | +2.2% | +0.2% | −3.4% | +2.9% | +2.0% | +0.9% | +2.7% | −0.3% | −0.9% | −1.1% | +2.0% | +1.2% |
BTSAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.47%
- 3-year Sharpe ratio: 0.20 (vs 4.5% risk-free rate)
- Best month: +3.04% (Nov 2023)
- Worst month: −2.09% (Mar 2026)
BTSAX Fund Flows
Monthly money in and out of BTS Managed Income Fund, from SEC Form N-PORT.
- 12-month net flow: $3.5M
- 12-month gross sales (incl. reinvestments): $4.6M
- Sales ÷ redemptions: 4.40×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $96K | $54K | $41K |
| May 2026 | $3.5M | $23K | $3.5M |
| Apr 2026 | $29K | $118K | −$89K |
| Mar 2026 | $51K | $44K | $7K |
| Feb 2026 | $110K | $73K | $37K |
| Jan 2026 | $53K | $26K | $27K |
| Dec 2025 | $243K | $204K | $39K |
| Nov 2025 | $250K | $16K | $234K |
| Oct 2025 | $14K | $192K | −$179K |
| Sep 2025 | $64K | $127K | −$63K |
| Aug 2025 | $96K | $45K | $51K |
| Jul 2025 | $50K | $122K | −$72K |
BTSAX Assets Under Management
Net assets of BTS Managed Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $10.73M |
| 2026-03-31 | $7.15M |
| 2025-12-31 | $7.14M |
| 2025-09-30 | $7.19M |
| 2025-06-30 | $7.19M |
| 2025-03-31 | $7.43M |
| 2024-12-31 | $7.60M |
| 2024-09-30 | $7.86M |
| 2024-06-30 | $8.10M |
| 2024-03-31 | $8.66M |
| 2023-12-31 | $7.67M |
| 2023-09-30 | $18.26M |
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.