Fairlead Tactical Sector ETF
$32.00−0.19 (−0.59%)
History starts Mar 23, 2022.
- Expense ratio
- 0.69%
- Fund size
- $300M
- 1Y return
- +8.6%
- Yield · Last 12 months
- 1.29%
- Holdings
- 11
- Volume · 30D
- 0M sh
- NAV per share
- $32.05
- 52W range
The ETF.net TACK Grade
Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 43Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 73Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 74Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 28Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
Our read on TACK
CMomentum read off the charts, not off a factor formula. TACK runs a proprietary technical model on US equities, chasing capital appreciation while trying to keep the drawdowns shallow.
The Fund seeks capital appreciation with limited drawdowns.
Why people hold it
- Unusual mandate for a momentum fund: capital appreciation with limited drawdowns. Downside control is written into the stated objective, not bolted on afterward.
- The momentum signal comes from a proprietary technical model rather than an off-the-shelf factor index. Actively run, US equity, chart-driven.
- Its risk marks land among the stronger ones in its momentum peer group, and the fund overall grades in the upper half of that group.
- Live since 2022 and now a mid-sized fund, with distributions paid quarterly.
Worth knowing
- The 0.70% fee is about the median for active momentum funds, but multiples of index-based rivals like MTUM (0.15%) and SPMO (0.13%).
- Thinly traded next to the giant momentum ETFs, so spreads and order size matter more here.
- The model is proprietary. There is no published index methodology to check the portfolio against, so you are buying the manager's process on trust.
TACK Holdings
- Other
- 11
- 100%
- XLK
Sectors
- Energy15.7%
- Technology15.0%
- Health Care14.8%
- Real Estate13.9%
- Cons. Staples13.9%
- Industrials12.3%
- Materials12.0%
- Consumer Discr.2.5%
Geography
- United States100.00%
TACK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
TACK$10,864
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TACK |
|---|---|
| Year to date | +7.8% |
| 1 month | −2.6% |
| 3 months | +2.4% |
| 1 year | +8.6% |
| 3 years | +13.2% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TACK |
|---|---|---|
| 2026 YTD | +7.8% | |
| 2025 | +10.9% | |
| 2024 | +11.8% | |
| 2023 | +7.4% | |
| 2022 | −5.4% |
TACK in the news
TACK Dividends
- 1.29%
- $0.41
- $0.13 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 26, 2026 | Jul 1, 2026 | $0.13 |
| Mar 27, 2026 | Apr 1, 2026 | $0.09 |
| Dec 30, 2025 | Jan 5, 2026 | $0.09 |
| Sep 29, 2025 | Oct 3, 2025 | $0.10 |
| Jun 27, 2025 | Jul 2, 2025 | $0.10 |
| Mar 27, 2025 | Apr 2, 2025 | $0.07 |
| Dec 27, 2024 | Jan 2, 2025 | $0.09 |
| Sep 26, 2024 | Oct 1, 2024 | $0.16 |
| Mar 27, 2024 | Apr 2, 2024 | $0.09 |
| Dec 27, 2023 | Jan 2, 2024 | $0.08 |
| Sep 27, 2023 | Oct 3, 2023 | $0.08 |
| Jun 28, 2023 | Jul 5, 2023 | $0.09 |
TACK Risk
- 9.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.79
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TACK Cost
0.69%
TACK0.69%
- The middle half of US Active Momentum funds
- Median 0.63%
11 of the 21 US Active Momentum funds charge less.