Main page content

Tactical Upgrader Fund

This fund has closed as of April 23, 2019.
The Tactical Upgrader Fund (TACTX) is a stock fund portfolio that uses options and other tools to hedge its stock market exposure. TACTX is designed for investors who are willing to forgo potential gains at times in exchange for potentially lower volatility. The fund also may be useful in a rising interest-rate environment.

Inception date

02/28/08

This fund closed 4/23/2019

Minimum Investment

$1,000

No load
No redemption fee

Fund facts

Top holdings

as of 06/30/2019

Cash
CASH
27.40
TRPrice Cap Appreciation I
TRAIX
16.10
Fidelity Real Estate Income
FRIFX
10.70
Vanguard Wellesley Inc Admiral
VWIAX
10.50
Invesco S&P 500 Low Volatility
SPLV
10.50
Merger Fund I
MERIX
10.40
Vanguard LifeStrat Inc
VASIX
5.10
PGIM Sht Trm Corp Bd
PBSMX
4.70
Akre Focus I
AKRIX
4.60

Global Allocation

as of 06/30/2019

North America
98.80%
Europe Developed
0.80%
United Kingdom
0.20%
Asia Developed
0.10%
Asia Emerging
0.10%
Latin America
0.00%
Europe Emerging
0.00%
Africa/Middle East
0.00%
Japan
0.00%
Australasia
0.00%

Fund holdings are subject to change at any time and are not recommendations to buy or sell any of the underlying funds. References to other mutual funds should not be considered an offer of these securities.

This chart illustrates the performance of a hypothetical $10,000 investment made in the Fund for the period ending 06/30/2019. It assumes reinvestment of dividends and capital gains, but does not reflect the effect of any applicable sales charge or redemption fees. This chart does not imply any future performance.

Month End
Performance % to 06/30/2019 1 Mo YTD 1 Yr
TACTX 2.32 0.38 1.91
Mnst GlbMkt Lrg-Mid 6.43 16.10 5.64
Long-Short Equity 3.68 7.63 1.17
Gross expense ratio 1.62%
Net expense ratio 1.63%

(includes underlying fund expenses)
The advisor has contractually agreed to a fee waiver through January 31, 2020. The net expense ratio is higher than the gross expense ratio as a result of expense reimbursements.

Quarter End
Performance % to 06/30/2019 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
TACTX 1.91 5.36 5.35 0.85 10.04
Mnst GlbMkt Lrg-Mid 5.64 6.20 10.34 5.57 84.83
Long-Short Equity 1.17 2.07 3.68 2.00 25.15
Gross expense ratio 1.62%
Net expense ratio 1.63%

(includes underlying fund expenses)
The advisor has contractually agreed to a fee waiver through January 31, 2020. The net expense ratio is higher than the gross expense ratio as a result of expense reimbursements.

Top holdings

as of 06/30/2019

Cash
CASH
27.40
TRPrice Cap Appreciation I
TRAIX
16.10
Fidelity Real Estate Income
FRIFX
10.70
Vanguard Wellesley Inc Admiral
VWIAX
10.50
Invesco S&P 500 Low Volatility
SPLV
10.50
Merger Fund I
MERIX
10.40
Vanguard LifeStrat Inc
VASIX
5.10
PGIM Sht Trm Corp Bd
PBSMX
4.70
Akre Focus I
AKRIX
4.60

Fund holdings are subject to change at any time and are not recommendations to buy or sell any of the underlying funds. References to other mutual funds should not be considered an offer of these securities.

Global Allocation

as of 06/30/2019

North America
98.80%
Europe Developed
0.80%
United Kingdom
0.20%
Asia Developed
0.10%
Asia Emerging
0.10%
Latin America
0.00%
Europe Emerging
0.00%
Africa/Middle East
0.00%
Japan
0.00%
Australasia
0.00%
Month End
Performance % to 06/30/2019 1 Mo YTD 1 Yr
TACTX 2.32 0.38 1.91
Mnst GlbMkt Lrg-Mid 6.43 16.10 5.64
Long-Short Equity 3.68 7.63 1.17
Gross expense ratio 1.62%
Net expense ratio 1.63%

(includes underlying fund expenses)
The advisor has contractually agreed to a fee waiver through January 31, 2020. The net expense ratio is higher than the gross expense ratio as a result of expense reimbursements.

Quarter End
Performance % to 06/30/2019 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
TACTX 1.91 5.36 5.35 0.85 10.04
Mnst GlbMkt Lrg-Mid 5.64 6.20 10.34 5.57 84.83
Long-Short Equity 1.17 2.07 3.68 2.00 25.15
Gross expense ratio 1.62%
Net expense ratio 1.63%

(includes underlying fund expenses)
The advisor has contractually agreed to a fee waiver through January 31, 2020. The net expense ratio is higher than the gross expense ratio as a result of expense reimbursements.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 866-455-3863. Returns shown are cumulative, unless otherwise noted.

The Morningstar Global Market Large-Mid Cap Index measures the performance of developed and emerging countries across the world, targeting the top 90% of stocks by market capitalization. Morningstar Long-Short equity funds hold sizable stakes in both long and short positions. You cannot invest directly in an index.

How to Invest

Available at Charles Schwab, Fidelity, Etrade, TD Ameritrade and Vanguard.
Minimum investment: $1,000