PTAAX — Princeton Long/Short Treasury Fund

PTAAX Fund Overview

PTAAX — Princeton Long/Short Treasury 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: $669.13K
• 1-year return: -1.9%
• Ticker: PTAAX
• SEC CIK: 0001314414
• SEC series ID: S000055863
• Share class ID: C000175950

PTAAX Investment Objective and Strategy

Princeton Long/Short Treasury Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.

Investment objective

The Funds primary objective is capital appreciation

Principal investment strategy

The Fund seeks to achieve its investment objectives primarily through exposure to long and short futures contracts on longer-term US Treasury securities (securities with maturities of 6 years or longer). The Fund may achieve such exposure to US Treasury futures by investing in a commodity pool that invests in such futures contracts or by entering into a swap or option with a counterparty on the returns of the commodity pool. The Fund may invest up to 25% of its total assets in commodity pools. The Funds exposure to long and short US Treasury futures seeks to replicate the returns of the Long/Short US Treasuries Index created by ProfitScore Capital Management, Inc. (the Index). The Index is determined by a directional trading model created by ProfitScore which seeks to predict the daily direction of the value of US Treasury markets.

The model consists of 11 independent sub-models which each analyze a different data stream to predict the direction of US Treasury markets. Each sub-model produces a daily positive, negative or neutral signal. The signals from each sub-model are equally weighted and aggregated to determine a daily positive, negative or neutral signal for the overall model. If the signal is positive, the Fund will have exposure to long US Treasury futures. If the signal is negative, the Fund will have exposure to short US Treasury futures. If the signal is neutral, the Fund will allocate to cash and cash equivalents. While the Funds exposure to US Treasury futures is based upon the Index, the Fund itself is not an index fund. The Fund also allocates a portion of its assets to fixed income securities for the purpose of generating income.

The Fund may invest directly or indirectly in fixed income securities of any maturity. Such fixed income investments will be rated investment grade by Standard & Poors or Moodys at the time the investment is made. The Fund may invest directly in U.S. Treasury bonds. The Fund may also invest in exchange traded funds (ETFs), money market funds or open end mutual funds, including affiliated mutual funds (collectively, Underlying Funds) whose principal investment strategy is to invest primarily in investment grade fixed income securities of U.S. issuers of any size, including smaller issuers. To the extent the Fund invests in any affiliated Underlying Funds, it will waive its advisory fee with respect to the portion of the Fund that is invested in any such affiliated fund. The adviser will consider a variety of factors in determining whether to sell a fixed income investment: changes in market condition, changes in credit quality, changes in prospects for alternative investment possibilities or return opportunities for other fixed income instruments, current return expectation of such security, any changes in interest rates, liquidity of the security, and cash needs of the Fund.

If a fixed income investment is downgraded after purchase the adviser may, but is not obligated to, dispose of such investment. The Fund may engage in frequent trading in executing its principal investment strategies. The Fund is non-diversified for purposes of the Investment Company Act of 1940, as amended (the 1940 Act), which means that the Fund may invest in fewer securities at any one time than a diversified fund.

PTAAX Performance

Total returns for PTAAX (as of 2026-10-01), from SEC filings.

PTAAX Risk Information

Risk metrics for PTAAX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 5.6%

PTAAX Costs and Fees

PTAAX costs about $185 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.85%
• Gross expense ratio: 2.72%
• Portfolio turnover: 0%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

PTAAX Cashflows

Over the 12 months to 2023-09, Princeton Long/Short Treasury Fund had net inflows of $25.10M, from monthly SEC N-PORT filings.

PTAAX Debt Constituents

No individual debt constituents are reported in Princeton Long/Short Treasury Fund's latest SEC N-PORT filing.

PTAAX Prospectus and SEC Filings

Official Princeton Long/Short Treasury Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-04-26
• Prospectus (485BPOS) — filed 2022-04-28
• Prospectus (485BPOS) — filed 2021-05-06
• Portfolio holdings (N-PORT) — filed 2023-11-28
• Portfolio holdings (N-PORT) — filed 2023-08-28
• Portfolio holdings (N-PORT) — filed 2023-05-25
• Annual census (N-CEN) — filed 2023-03-15
• Annual census (N-CEN) — filed 2022-03-16

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

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.