BTFRX – BTS Tactical Fixed Income R Investment Strategy | Morningstar

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Strategy

The investment seeks to provide total return. Under normal circumstances, the fund invests (long or short) at least 80% of its assets in fixed income securities of domestic and foreign issuers or counterparties ("80% investment policy"). The Adviser seeks to achieve the fund's investment objective by investing primarily in a portfolio of fixed income securities without restriction as to maturity, credit quality, type of issuer, country or currency.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BTFIX	BTS Tactical Fixed Income Fund Class I	Institutional	Open			May 27, 2015	$13.59M	1.830%	High	$100,000	−$10.39M
BTFAX	BTS Tactical Fixed Income Fund Class A	Front Load	Open			May 31, 2013	$7.82M	2.080%	High	$1,000	−$2.30M
BTFCX	BTS Tactical Fixed Income Fund Class C	Level Load	Open			May 31, 2013	$8.66M	2.830%	High	$1,000	−$2.31M
BTFRX	BTS Tactical Fixed Income Fund Class R	Retirement, Medium	Open			May 5, 2015	$401,167.00	2.330%	High	$1,000	−$207,855.20

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