TUIFX Performance — Toews Unconstrained Income Fund
Data updated: 2026-09-28
TUIFX returned +0.17% year to date and +1.96% over one year to Jul 2026. Annualised returns are +3.57% over 3 years and +0.97% over 5 years. The fund trailed its US Multi-Cap Blend category average: $100 invested three years ago grew to $111, against $139 for the category, and to $102 over one year, against $114. Volatility over the past three years was 2.60% a year. In the 12 months to Jul 2026 the fund lost a net $7.8M, and assets reached $40.24M.
TUIFX Growth of $100
What $100 invested in Toews Unconstrained Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | TUIFX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $102 | $114 |
| 3 years (Aug 2023 – Jul 2026) | $111 | $139 |
| 5 years (Aug 2021 – Jul 2026) | $105 | $135 |
| Since data start (Feb 2020 – Jul 2026) | $108 | $165 |
TUIFX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.17% |
| 1 year | +1.96% |
| 3 years (annualised) | +3.57% |
| 5 years (annualised) | +0.97% |
TUIFX Annual Returns
Calendar-year total returns of Toews Unconstrained Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.17% |
| 2025 | +3.55% |
| 2024 | +4.53% |
| 2023 | +3.07% |
| 2022 | −4.36% |
| 2021 | −0.19% |
| 2020 (Feb–Dec) | +1.56% |
TUIFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +0.3% | −0.4% | +0.3% | −0.2% | +0.2% | −0.4% | — | — | — | — | — |
| 2025 | +0.2% | +1.0% | −1.0% | −0.5% | +0.7% | +1.3% | 0.0% | +0.9% | +0.7% | 0.0% | +0.1% | +0.1% |
| 2024 | +0.1% | +0.3% | +0.5% | −0.8% | +0.7% | +0.5% | +1.8% | +1.1% | +1.1% | −1.1% | +1.1% | −0.8% |
| 2023 | +1.1% | −0.4% | −0.2% | +0.3% | −1.3% | +0.5% | +0.6% | −0.5% | −0.5% | +0.4% | +1.2% | +1.9% |
| 2022 | −1.5% | −0.1% | −0.7% | −0.6% | −0.1% | −1.6% | +0.9% | −0.7% | −0.3% | −0.2% | +1.4% | −0.8% |
| 2021 | −0.2% | −0.4% | −0.2% | +0.5% | +0.2% | +1.0% | +0.9% | −0.2% | −0.6% | −0.7% | 0.0% | −0.3% |
| 2020 | — | +0.4% | −3.2% | −1.1% | +1.3% | +0.1% | +3.2% | +0.4% | −0.9% | −0.6% | +1.0% | +1.1% |
TUIFX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.60%
- 3-year Sharpe ratio: -0.36 (vs 4.5% risk-free rate)
- Best month: +1.95% (Dec 2023)
- Worst month: −1.11% (Oct 2024)
TUIFX Fund Flows
Monthly money in and out of Toews Unconstrained Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$7.8M
- 12-month gross sales (incl. reinvestments): $8.2M
- Sales ÷ redemptions: 0.51×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $435K | $1.1M | −$713K |
| Jun 2026 | $637K | $653K | −$16K |
| May 2026 | $416K | $976K | −$560K |
| Apr 2026 | $406K | $811K | −$405K |
| Mar 2026 | $2.3M | $1.2M | $1.1M |
| Feb 2026 | $511K | $3.5M | −$2.9M |
| Jan 2026 | $314K | $948K | −$634K |
| Dec 2025 | $668K | $1.3M | −$586K |
| Nov 2025 | $504K | $1.3M | −$812K |
| Oct 2025 | $805K | $1.4M | −$617K |
| Sep 2025 | $595K | $955K | −$360K |
| Aug 2025 | $591K | $1.8M | −$1.2M |
TUIFX Assets Under Management
Net assets of Toews Unconstrained Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $40.24M |
| 2026-04-30 | $42.11M |
| 2026-01-31 | $44.58M |
| 2025-10-31 | $46.90M |
| 2025-07-31 | $48.83M |
| 2025-04-30 | $52.05M |
| 2025-01-31 | $36.66M |
| 2024-10-31 | $38.36M |
| 2024-07-31 | $39.17M |
| 2024-04-30 | $41.80M |
| 2024-01-31 | $45.15M |
| 2023-10-31 | $47.93M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.