TFAUX — Tactical Moderate Allocation Fund
Data updated: 2021-08-26
TFAUX — Tactical Moderate Allocation Fund. Emerging Markets Blend / Core Equity · $36.98M AUM. Holdings, fees, performance and SEC filings.
TFAUX Fund Overview
TFAUX — Tactical Moderate Allocation Fund is a US mutual fund managed by Collaborative Investment Series Trust, categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Collaborative Investment Series Trust
- Category: Emerging Markets Blend / Core Equity
- Assets under management: $36.98M
- 1-year return: 33.8%
- Ticker: TFAUX
- SEC CIK: 0001719812
- SEC series ID: S000064924
- Share class ID: C000210178
TFAUX Investment Objective and Strategy
Tactical Moderate Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Collaborative Investment Series Trust.
Investment objective
The Tactical Moderate Allocation Fund will seek to provide capital appreciation.
Principal investment strategy
The Fund seeks to provide capital appreciation. The Funds adviser, Tactical Fund Advisors, LLC (the Adviser), delegates the day-to-day management of the Funds assets to multiple sub-advisers. The Adviser is responsible for the overall management of the Fund, overseeing the Funds sub-advisers and for determining the amount of the Funds assets that each sub-adviser will manage for the Fund. While the Adviser expects that each sub-adviser will manage a portion of the Funds assets at all times, the percentages of the Funds assets managed by each sub-adviser may vary from time to time. The Fund may invest in domestic and foreign equities, equity-related securities such as options on equity indices or index ETFs, investment grade fixed income securities, ETFs that primarily invest in equities and/or fixed income securities and ETNs linked to the VIX (market volatility) index.
ETFs that primarily invest in fixed income securities will include ETFs that invest in high-yield bonds (commonly known as junk bonds), investment grade corporate bonds, municipal securities and U.S. Treasury securities. The Fund may short shares of equity and fixed income ETFs. Foreign equity securities or ETFs that the Fund may invest in may also include issuers from emerging market countries. The Fund considers emerging market countries to be those found in the MSCI EM Index. The Fund considers investment grade securities to be those that are rated Baa3 or higher by Moodys Investors Service, Inc. or BBB- or higher by S&P at the time of purchase. The Funds sub-advisers invest the assets delegated to them by the Adviser as follows: Anchor Capital Management Group Inc. (Anchor Capital) Anchor Capital uses proprietary quantitative risk models to invest both long and/or short in domestic and foreign equity and fixed income ETFs.
Anchor Capital expects its allocation of the Funds assets to have equity exposure between -25% and 50% and fixed income exposure between -50% and 50%. Exceed Advisory LLC (Exceed Advisory) Exceed Advisorys strategy is composed of an equity options component and a fixed income component. The options component uses call and put options on equity indices or broad-based equity ETFs in seeking to limit risk/return exposure to predetermined market levels. The fixed income component invests in investment grade fixed income securities for the purposes of generating income for the options strategy as well as collateral for the options. Tuttle Capital Management LLC (Tuttle) Tuttle uses a proprietary market trend model to invest in a portfolio of domestic and international and equity ETFs including leveraged, fixed income, and inverse ETFs.
Depending on the sub-advisers model, its allocation may also be fully invested in ETFs that primarily invest in U.S. Treasury securities. The sub-adviser may also use volatility-linked ETNs for hedging purposes. Synergy Financial Management, LLC (Synergy) Synergy invests its allocation of the Funds assets in a diversified portfolio of global equity investments that seeks to outperform the S&P 500 by investing primarily in U.S. and foreign equity securities and ETFs. Heritage Capital Advisors, LLC (Heritage) Heritage invests its allocation of the Funds assets in a diversified portfolio of global equity securities and short and intermediate term bonds. Heritage may also invest in exchange traded funds to provide global equity and bond exposure for the Fund. The Fund expects to have a high portfolio turnover which may result in higher transactional costs.
TFAUX Performance
Total returns for TFAUX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 33.8% |
TFAUX Risk Information
Risk metrics for TFAUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.6%
TFAUX Costs and Fees
TFAUX costs about $212 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.12%
- Gross expense ratio: 2.44%
- Portfolio turnover: 1309%
- Brokerage commissions: 30.48 bps of average net assets (SEC N-CEN)
TFAUX Cashflows
Over the 12 months to 2021-06, Tactical Moderate Allocation Fund had net outflows of $9.08M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-06 | −$913.06K |
| 2021-05 | −$350.86K |
| 2021-04 | −$699.00K |
| 2021-03 | $999.46K |
| 2021-02 | −$1.49M |
| 2021-01 | −$264.43K |
TFAUX Debt Constituents
No individual debt constituents are reported in Tactical Moderate Allocation Fund's latest SEC N-PORT filing.
TFAUX Prospectus and SEC Filings
Official Tactical Moderate Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-05-03
- Prospectus (485BPOS) — filed 2020-05-07
- Prospectus (485BPOS) — filed 2019-05-17
- Portfolio holdings (N-PORT) — filed 2021-08-26
- Portfolio holdings (N-PORT) — filed 2021-05-21
- Portfolio holdings (N-PORT) — filed 2021-02-26
- Annual census (N-CEN) — filed 2021-03-12
- Annual census (N-CEN) — filed 2020-03-13
Related Funds
Other Emerging Markets Blend / Core Equity 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.