TBMD — Tactical Income ETF

TBMD Fund Overview

TBMD — Tactical Income ETF is a US ETF managed by Collaborative Investment Series 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 ETF
• Manager: Collaborative Investment Series Trust
• Category: Money Market
• Assets under management: $28.69M
• Ticker: TBMD
• SEC CIK: 0001719812
• SEC series ID: S000065079
• Share class ID: C000210747

TBMD Investment Objective and Strategy

Tactical Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Collaborative Investment Series Trust.

Investment objective

The Tactical Income ETF (the Fund) seeks to provide total return.

Principal investment strategy

In pursuing the Funds investment objective, the Fund will invest in exchange-traded funds (ETFs) that primarily invest in fixed income securities, real estate investment trusts (REITs), master limited partnerships (MLPs), dividend paying equity stocks including utility stocks, and exchange-traded notes (ETNs). Fixed Income ETFs will include those that invest in domestic and foreign fixed income securities of any credit rating maturity and duration. Such fixed income securities will include high yield bonds (commonly known as junk bonds). The Fund considers high yield bonds to be those that are rated lower than Baa3 by Moodys Investors Service or lower than BBB- by Standard & Poors rating group. High yield bonds have a higher expected rate of default than investment grade bonds. The day-to-day portfolio management of the Fund is delegated to a sub-adviser by the Adviser.

The sub-adviser follows a proprietary tactical model in managing the Funds assets. The sub-advisers model evaluates market trends in various asset classes across different time frames. When the sub-advisers model indicates a positive market trend, the Fund will be invested in fixed income, REIT, MLP and dividend-paying equity stock ETFs and ETNs. When the sub-advisers model indicates a negative market trend, the Fund will invest in money market funds or other cash equivalents. The Fund may also invest in ETFs that provide the inverse of the return of high yield bonds, U.S. treasury securities, REITs, MLPs, utilities, and dividend stocks. The Fund may also invest in leveraged ETFs. In managing the Funds portfolio, the sub-adviser will engage in frequent trading, resulting in a high portfolio turnover rate.

The sub-adviser uses multiple investment models that combine market trend and counter trend following, and market analysis across asset classes to determine when to buy, sell, or hold a security. The sub-adviser uses trend following models to track and purchase securities that are perceived as increasing in value and to avoid securities that are perceived to be decreasing in value. Furthermore, the sub-adviser uses intermarket analysis to look for divergences between asset classes that tend to either move together or move apart.

TBMD Costs and Fees

TBMD costs about $223 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.23%
• Gross expense ratio: 2.16%
• Brokerage commissions: 51.88 bps of average net assets (SEC N-CEN)

TBMD Cashflows

Over the 12 months to 2020-09, Tactical Income ETF had net inflows of $47.81M, from monthly SEC N-PORT filings.

TBMD Debt Constituents

No individual debt constituents are reported in Tactical Income ETF's latest SEC N-PORT filing.

TBMD Prospectus and SEC Filings

Official Tactical Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-08-10
• Prospectus (485BPOS) — filed 2019-06-10
• Portfolio holdings (N-PORT) — filed 2020-11-19
• Portfolio holdings (N-PORT) — filed 2020-08-26
• Portfolio holdings (N-PORT) — filed 2020-05-29
• Annual census (N-CEN) — filed 2020-06-12

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.