FXTAX — Psi Tactical Growth Fund
Data updated: 2021-11-23
FXTAX — Psi Tactical Growth Fund. Money Market · $4.47M AUM · 2.32% expense ratio · -0.8% 1-yr return. Holdings, fees, performance and SEC filings.
FXTAX Fund Overview
FXTAX — Psi Tactical Growth 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: $4.47M
- 1-year return: -0.8%
- Ticker: FXTAX
- SEC CIK: 0001314414
- SEC series ID: S000029792
- Share class ID: C000091510
FXTAX Investment Objective and Strategy
Psi Tactical Growth 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 primarily seeks total return from income and capital appreciation
Principal investment strategy
The Funds investment adviser seeks to achieve the Funds primary investment objective by investing combination of underlying funds which include open-end investment companies (mutual funds) and exchange traded funds (ETFs) that each invest primarily in (1) U.S. fixed income securities, (2) money market securities, (3) U.S. equity securities (common and preferred stocks), (4) Foreign equity securities (common and preferred stocks), or (5) alternative assets, which the Fund defines as commodity-related, currency-related or real estate-related securities, using the advisers tactical strategy. The advisers tactical strategy combines two investment disciplines. The first determines entry and exit points to and from the market based on historical market-price moving average indicators. Additionally, entry and exit points are refined by stop loss points (a form of automatic sell decision based upon a set drop in a securitys price) in an effort to help control losses in any one specific position.
In volatile or downward markets, the adviser seeks to add value by taking hedged or defensive positions. The second discipline relies on two calendar-based cycles. The first, a weekly stock rotation cycle indicator seeks to identify sectors and markets likely to outperform the overall market. The second, a monthly cash flow cycle measure seeks to identify periods of market strength (rising prices) caused by positive changes in cash flow into the market. The adviser seeks to achieve the Funds secondary investment objective, in part, by investing in alternative assets, which it believes have returns that are not highly correlated to those of the equity or fixed income markets in general, and by hedging up to 50% of the Funds assets through derivatives or by purchasing inverse ETFs (securities designed to produce short positions with returns opposite to the securities index to which they are linked).
The adviser may also use derivatives as a substitute for securities to fulfill either the primary or secondary investment objective. Fund assets are selected by the adviser without restriction as to minimum issuer credit quality, sector, capitalization, country of origin, or security maturity. Fixed income ETFs may invest in non-investment grade fixed income securities, commonly known as high yield or junk bonds that are rated below Baa3 by Moodys Investors Service or similarly by another rating agency. Foreign common stock ETFs may invest in common stock of companies located in emerging market countries. The use of Growth in the Funds name refers generally to the goal of growth of investment rather than a strategy of investing in relatively high-growth companies. The advisers tactical strategy assesses the return outlook for segments of the capital markets by giving consideration to both the long term historic risk (as measured by volatility of returns) and return characteristics of the various asset classes.
Additionally, the adviser employs a technical market analysis method of evaluating securities by analyzing statistics generated by market activity, such as past prices and trading volume, in an effort to determine probable future prices. The adviser anticipates that, based upon its analysis of long-term historical returns and volatility of various asset classes, the Fund will allocate assets in the following ranges. Asset Class Percent Allocation Equity 0% to 100% Fixed Income 0% to 100% Alternative Asset 0% to 90% The adviser buys securities within specific market segments when its tactical analysis indicates a high probability that the segments and securities are likely to outperform competing investments. The adviser sells securities to reduce exposure to a market segment or a security when its tactical analysis indicates that the segment or security is likely to underperform competing investments.
The adviser may engage in frequent buying and selling of securities to achieve the Funds investment objectives, resulting in higher transactional and brokerage costs to the Fund.
FXTAX Performance
Total returns for FXTAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.8% |
FXTAX Risk Information
Risk metrics for FXTAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.0%
FXTAX Costs and Fees
FXTAX costs about $232 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.32%
- Gross expense ratio: 3.32%
- Portfolio turnover: 6627%
- Brokerage commissions: 146.18 bps of average net assets (SEC N-CEN)
FXTAX Cashflows
Over the 12 months to 2021-09, Psi Tactical Growth Fund had net inflows of $8.99M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-09 | $2.32M |
| 2021-08 | $3.54M |
| 2021-07 | $186.93K |
| 2021-06 | $968.16K |
| 2021-05 | $250.14K |
| 2021-04 | $332.40K |
FXTAX Debt Constituents
No individual debt constituents are reported in Psi Tactical Growth Fund's latest SEC N-PORT filing.
FXTAX Prospectus and SEC Filings
Official Psi Tactical Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-11-06
- Prospectus (485BPOS) — filed 2019-10-30
- Prospectus (485BPOS) — filed 2018-11-06
- Portfolio holdings (N-PORT) — filed 2021-11-23
- Portfolio holdings (N-PORT) — filed 2021-08-27
- Portfolio holdings (N-PORT) — filed 2021-05-27
- Annual census (N-CEN) — filed 2021-09-13
- Annual census (N-CEN) — filed 2020-09-14
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.