ACM Tactical Income Fund
Data updated: 2023-05-26
C000207033 — ACM Tactical Income Fund. Money Market · $44.32M AUM · 2.11% expense ratio · -4.7% 1-yr return. Holdings, fees, performance and SEC filings.
C000207033 Fund Overview
ACM Tactical Income Fund is a US mutual fund managed by Northern Lights Fund Trust III, 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 III
- Category: Money Market
- Assets under management: $44.32M
- 1-year return: -4.7%
- SEC CIK: 0001537140
- SEC series ID: S000063975
- Share class ID: C000207033
C000207033 Investment Objective and Strategy
ACM Tactical Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust III.
Investment objective
The ACM Tactical Income Fund (the Fund) seeks to generate income,
Principal investment strategy
To pursue its investment objective, the Fund invests in income-oriented exchange traded funds (ETFs) that invest in (i) bonds, bank loans, floating rate bonds and debt and municipal high yield debt issued by domestic, foreign and emerging market issuers; (ii) obligations issued or guaranteed by the United States Government, its agencies or instrumentalities, including U.S. treasuries (with an average duration of 1-20 years); and (iii) cash and cash equivalents (including money market funds). The Fund may also invest in these types of securities directly. The Fund considers emerging market issues to be those of countries represented in the MSCI Emerging Markets Index. ACM Capital Management, LLC (the Adviser) uses a proprietary tactical allocation model to move to cash investments when market conditions become unfavorable.
The Fund invests in high yield instruments (also known as junk) of any maturity or duration when the model determines that the market for high yield instruments is stable or trending upwards and either U.S. Treasuries or cash and cash equivalents when the model determines that the market for high yield instruments is trending downwards. By tactically allocating its investments among the securities described above, the Fund seeks to reduce its exposure to declines in the market for high yield instruments, thereby potentially limiting portfolio volatility in down-trending markets. Duration is a measure used to determine the sensitivity of a securitys price to changes in interest rates. The longer a securitys duration, the more sensitive it will be to changes in interest rates. For example, if a bond has a duration of 5 years, a 1% rise in rates would result in a 5% decline in share price.
If a bond has a duration of 10 years, a 1% rise in interest rates would result in a 10% decline in share price. Maturity is the date on which a stock issuer must repay the original principal borrowed from a shareholder. For example, if a security has a maturity of 5 years, the issuer will pay the investor the face value of the security 5 years after its purchase. The Advisers model takes into account macro market data and other market-based inputs and metrics to seek to identify market trends. When making investment decisions for the Fund, the portfolio managers consider both the outputs of the model as well as an assessment of current market conditions, the average credit quality of the portfolio, the average duration of the portfolio and other factors. When the Fund is invested in high yield instruments, the portfolio managers consider the net returns of those high yield instruments relative to the risk they pose.
The Fund may use options such as covered calls or protective puts on positions to reduce risk.
C000207033 Performance
Total returns for C000207033 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -4.7% |
| 3 years (annualised) | 0.4% |
C000207033 Risk Information
Risk metrics for C000207033, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
C000207033 Costs and Fees
C000207033 costs about $211 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.11%
- Gross expense ratio: 2.11%
- Portfolio turnover: 894%
- Brokerage commissions: 44.82 bps of average net assets (SEC N-CEN)
C000207033 Cashflows
Over the 12 months to 2023-03, ACM Tactical Income Fund had net inflows of $29.75M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $1.67M |
| 2023-02 | $945.58K |
| 2023-01 | $1.82M |
| 2022-12 | $2.10M |
| 2022-11 | $1.46M |
| 2022-10 | $3.88M |
C000207033 Debt Constituents
No individual debt constituents are reported in ACM Tactical Income Fund's latest SEC N-PORT filing.
C000207033 Prospectus and SEC Filings
Official ACM Tactical Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-24
- Prospectus supplement (497) — filed 2022-05-06
- Prospectus supplement (497) — filed 2021-05-21
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2022-11-21
- Annual census (N-CEN) — filed 2023-03-15
- Annual census (N-CEN) — filed 2022-03-15
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.