GHSIX — Good Harbor Tactical Select Fund
Data updated: 2022-05-31
GHSIX — Good Harbor Tactical Select Fund. Total Return Allocation · $17.36M AUM · 1.89% expense ratio. Holdings, fees, performance and SEC filings.
GHSIX Fund Overview
GHSIX — Good Harbor Tactical Select Fund is a US mutual fund managed by Northern Lights Fund Trust III, 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 III
- Category: Total Return Allocation
- Assets under management: $17.36M
- 1-year return: 1.6%
- Ticker: GHSIX
- SEC CIK: 0001537140
- SEC series ID: S000046171
- Share class ID: C000144436
GHSIX Investment Objective and Strategy
Good Harbor Tactical Select Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust III.
Investment objective
Total return from capital appreciation and income.
Principal investment strategy
Using a combination of tactical asset allocation strategies, the Adviser seeks to achieve the Funds investment objective by investing in U.S. and non-U.S. equity markets during sustained rallies and investing defensively in U.S. Treasury bonds during weak equity market conditions. The Adviser will generally seek exposure to equities and treasuries through a variety of investments ETFs, ETNs, mutual funds, equity securities (such as common stock), U.S. government securities, and derivative instruments). The Funds principal derivative investments are swaps, structured notes, futures and options designed to provide exposure to a particular equity or treasury bond index or replicate the returns of one or more such indices. The Fund will incorporate multiple tactical asset allocation strategies selected by the Adviser.
These may include (1) strategies that target U.S. equity markets; (2) strategies that vary their exposure to different sectors within a market, or tactical sector strategies (commonly referred to as sector rotation strategies); or (3) strategies that target non-U.S. equity markets such as foreign developed markets or emerging markets. The Adviser defines a tactical asset allocation strategy as an investment strategy which targets a specific asset class, but has the ability to move out of that asset class under certain conditions. Tactical asset allocation strategies are generally implemented through an objective, model-based investment process. Objective, model-based tactical asset allocation strategies generally have a low correlation to broad market benchmarks. The Fund combines multiple tactical investment strategies into a single Fund.
One of the objectives is to diversify the inherent model risk associated with tactical strategies in an attempt to generate favorable risk adjusted returns. Because many of these strategies are objective, model-based strategies, these types of strategies carry an inherent model risk the risk that any given model may experience periods of outperformance as well as periods of underperformance. Blending tactical strategies can address the potential volatility associated with this model risk by diversifying across multiple models. Models are developed for these strategies independently, and the models can differ because risk can vary within asset classes or market sectors; they can also differ with respect to their views of risk at a particular point in time as risk can vary over time. The Adviser believes that tactical strategies are characteristically less correlated to broad market benchmarks than strategies which have a mandate to carry a similar risk profile of a named benchmark.
In addition, tactical allocation strategies often have low correlation to one another. The Advisers research indicates that the low correlation between tactical strategies allows these strategies to be blended together within an investment sleeve resulting in diversification benefits such as a reduction in volatility and improvements in other risk-based measures. This has been observed in tactical strategies targeting both the U.S. equity markets and global equity markets. The Adviser utilizes an investment process whereby tactical asset allocation strategies are evaluated and selected for their ability to achieve the Funds Investment Objective and diversify risk within the portfolio. The Adviser may select a combination of strategies that target similar markets because of their ability to contribute to reduced risk and enhanced return characteristics.
The Fund may invest in affiliated and unaffiliated funds. Once selected, the Adviser determines the allocation weights across the strategies which are held within the Funds portfolio. Portfolio Allocation. At any given time, the Funds portfolio will be invested in all equities, all treasuries or both equities and treasuries. Within each major asset category, further allocations are made across market capitalization or individual sectors and duration. The Adviser attempts to further enhance returns through the use of leveraged ETFs and/or derivatives. The Fund is non-diversified for purposes of the Investment Company Act of 1940 (the 1940 Act), as amended, which means that the Fund may invest in fewer securities at any one time than a diversified fund. The Adviser may engage in frequent trading while seeking to achieve the Funds investment objective.
GHSIX Performance
Total returns for GHSIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.6% |
| 3 years (annualised) | 5.5% |
GHSIX Risk Information
Risk metrics for GHSIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.2%
GHSIX Costs and Fees
GHSIX costs about $189 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.89%
- Gross expense ratio: 2.13%
- Portfolio turnover: 332%
- Brokerage commissions: 11.44 bps of average net assets (SEC N-CEN)
GHSIX Cashflows
Over the 12 months to 2022-03, Good Harbor Tactical Select Fund had net inflows of $4.65M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $170.50K |
| 2022-02 | $494.13K |
| 2022-01 | $654.00K |
| 2021-12 | $536.46K |
| 2021-11 | $280.33K |
| 2021-10 | $204.90K |
GHSIX Debt Constituents
No individual debt constituents are reported in Good Harbor Tactical Select Fund's latest SEC N-PORT filing.
GHSIX Prospectus and SEC Filings
Official Good Harbor Tactical Select Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-24
- Prospectus (485BPOS) — filed 2021-02-01
- Prospectus supplement (497) — filed 2021-02-04
- Portfolio holdings (N-PORT) — filed 2022-05-31
- Portfolio holdings (N-PORT) — filed 2022-03-01
- Portfolio holdings (N-PORT) — filed 2021-11-24
- Annual census (N-CEN) — filed 2021-12-13
- Annual census (N-CEN) — filed 2020-12-14
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.