TCOFX — Tactical Offensive Core Fixed Income Fund

TCOFX Fund Overview

TCOFX — Tactical Offensive Core Fixed Income Fund is a US mutual fund managed by Adviser Managed 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: Adviser Managed Trust
• Category: Money Market
• Assets under management: $1.26B
• 1-year return: -3.4%
• Ticker: TCOFX
• SEC CIK: 0001502608
• SEC series ID: S000030655
• Share class ID: C000094998

TCOFX Investment Objective and Strategy

Tactical Offensive Core Fixed Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Adviser Managed Trust.

Investment objective

Total return.

Principal investment strategy

"Adviser Managed Strategy Component Only persons who are clients of the Financial Adviser (as defined below) and who participate in the Adviser Managed Strategy should invest in the Fund. The Fund may not be purchased by any other investor. The Fund is designed to be a component of a broader strategy employed by a third party investment manager (Financial Adviser) for the benefit of its clients. The Financial Adviser seeks to take advantage of broad market changes by tactically shifting its clients' assets among the Fund, the Tactical Offensive Equity Fund and a money market fund affiliated with the Fund, depending on the Financial Adviser's evaluation of current market conditions (Adviser Managed Strategy). The Financial Adviser is not the adviser to the Fund and is not affiliated with SEI Investments Management Corporation (SIMC), the adviser to the Fund.

The Adviser Managed Strategy is based on models developed by the Financial Adviser and is not subject to the oversight of or input from SIMC. When the Financial Adviser determines to reallocate its clients' assets to one or more of the other funds that compose the Adviser Managed Strategy, the Financial Adviser may request the redemption of a substantial portion of or all of the shares for which the Financial Adviser exercises investment discretion. In such an instance, the Financial Adviser's redemption request will cause the Fund to liquidate a substantial portion of or substantially all of its assets in order to fulfill the redemption request. If the Financial Adviser redeems all of the shares for which it exercises investment discretion, the Fund will no longer be an active component of the Adviser Managed Strategy.

When the Fund is not an active component of the Adviser Managed Strategy, the Fund may invest up to 100% of its remaining assets in cash, money market instruments, repurchase agreements and other short-term obligations that would not ordinarily be consistent with the Fund's investment goal. The Fund could be invested in these types of investments for extended periods of time. At such times, SIMC will manage the assets of the Fund. SIMC, the Financial Adviser or one or more of their affiliates will be the only investors in the Fund when the Fund is not an active component of the Adviser Managed Strategy. Investment Strategy Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities. It is expected that the Fund will invest: (i) at least 50% of its assets in a portfolio of securities designed to track, before fees and expenses, the performance of one or more indexes that represent broad exposure to the U.S.

investment grade fixed income market (U.S. Investment Grade Index); (ii) up to 20% of its assets in a portfolio of securities designed to track, before fees and expenses, the performance of one or more indexes that represent broad exposure to non-investment grade fixed income securities (also known as ""high yield"" securities or ""junk bonds"") (High Yield Index); and (iii) up to 20% of its assets in a portfolio of securities designed to track, before fees and expenses, the performance of one or more indexes that represent broad exposure to fixed income securities of issuers located in emerging market countries (Emerging Market Fixed Income Index). Although SIMC will actively determine the percentage of the Fund that will be allocated to each of the U.S. Investment Grade, High Yield and Emerging Market Fixed Income Indexes, the assets allocated to each index will be managed using a passive approach.

In addition, SIMC will directly manage up to 10% of the Fund's assets. SIMC will generally invest in a portfolio of securities designed to track, before fees and expenses, the performance of one or more indexes that represent broad exposure to the foreign sovereign debt market (Foreign Sovereign Debt Index). SIMC may adjust the Fund's allocation of assets among the U.S. Investment Grade, High Yield, Emerging Market Fixed Income and Foreign Sovereign Debt Indexes (each, an Index, and collectively, the Indexes) over time, depending on its assessment of the markets. The Fund's investment performance will depend on SIMC's allocation decisions with respect to the Indexes, the Fund's tracking of the Indexes and the performance of the Indexes. The Fund's ability to track the performance of each Index will be affected by the size and timing of cash flows into and out of the Fund, changes in SIMC's allocation of assets among the Indexes, and the Fund's fees and expenses.

In seeking to track the performance of an Index, SIMC and the Sub-Adviser employ a ""sampling"" strategy rather than attempting to purchase all of the securities represented in the Index. A sampling strategy means that the Fund will seek to hold a representative portfolio of securities with generally the same risk and return characteristics of the Index. Such characteristics may include, but are not limited to, duration, yield, credit quality, sector weights, market technicals and country exposure. The quantity of holdings in the Fund will be based on a number of factors, including the asset size of the Fund. The Fund may invest in U.S. and foreign investment and non-investment grade (also known as ""high yield"" securities or ""junk bonds"") fixed income securities, including emerging market, corporate and government fixed income securities.

These investments include U.S. Treasury obligations, obligations issued by agencies or instrumentalities of the U.S. Government, including obligations not guaranteed by the U.S. Treasury (such as obligations issued by U.S. Government-sponsored entities), emerging market debt, asset-backed securities, mortgage-backed securities (including commercial mortgage-backed securities and through TBA transactions), sovereign debt, corporate bonds and debentures, commercial paper, money market instruments, money market funds, mortgage dollar rolls, obligations of supranational entities issued or guaranteed by certain banks and zero coupon obligations and obligations of entities organized to restructure the outstanding debt of such issuers. The Fund may invest in securities denominated in U.S. dollars or in a foreign currency.

The Fund may hold instruments from any of the Indexes followed by the Fund and may also invest in fixed income securities that are not included in an Index. The Fund may use exchange-traded funds (ETFs), futures contracts, forward contracts and swap agreements in lieu of investing directly in the securities making up an Index to synthetically obtain exposure to the fixed income markets, including during high volume periods of investment into the Fund. The Fund may also invest in futures contracts and forward contracts for hedging or investment purposes. Futures contracts may be used to manage the Fund's interest rate duration and yield curve exposure. Forward contracts may be used to manage the Fund's currency exposure to foreign securities. The Fund invests primarily in investment grade securities (those rated AAA, AA, A or BBB-).

However, the Fund may invest in non-rated securities or securities rated below investment grade (BB+, B and CCC). Securities rated below investment grade are sometimes referred to as ""high yield"" securities or ""junk bonds."" The Fund's portfolio is not subject to any maturity or duration restrictions. The Fund's sub-adviser (the Sub-Adviser) selects the Fund's securities under the general supervision of SIMC. The Sub-Adviser's passive investment strategy seeks to track an index return, and therefore differs from an ""active"" investment strategy where an investment manager buys and sells securities based on its own economic, financial, and market analysis. The market capitalization and composition of the Indexes are subject to change. SIMC or the Sub-Adviser may sell securities that are represented in an Index or purchase securities that are not represented in an Index, prior to or after their removal or addition to the Index.

When the Fund is not an active component of the Adviser Managed Strategy, SIMC will act as the sole manager of the Fund, and a sub-adviser will not be used."

TCOFX Performance

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

TCOFX Risk Information

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

• 1-year volatility (annualised): 3.4%

TCOFX Costs and Fees

TCOFX costs about $63 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.63%
• Gross expense ratio: 0.63%
• Portfolio turnover: 76%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

TCOFX Cashflows

Over the 12 months to 2022-01, Tactical Offensive Core Fixed Income Fund had net inflows of $446.16M, from monthly SEC N-PORT filings.

TCOFX Debt Constituents

No individual debt constituents are reported in Tactical Offensive Core Fixed Income Fund's latest SEC N-PORT filing.

TCOFX Prospectus and SEC Filings

Official Tactical Offensive Core Fixed Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-11-24
• Prospectus supplement (497) — filed 2020-12-04
• Prospectus supplement (497) — filed 2020-04-06
• Portfolio holdings (N-PORT) — filed 2022-03-29
• Portfolio holdings (N-PORT) — filed 2021-12-28
• Portfolio holdings (N-PORT) — filed 2021-09-28
• Annual census (N-CEN) — filed 2021-10-14
• Annual census (N-CEN) — filed 2020-10-13

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.