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THY

GradeCNew York Stock Exchange Arca

Toews Agility Shares Dynamic Tactical Income ETF

Multi-Asset & Alternatives · Toews · Inception 2020-06-25 · SEC filings

$21.39+0.04 (+0.16%)

As of Sep 23, 2026, 2:59 PM EDT

Intraday session: up, 13 prints from 21.36 to 21.39. Range 20.47 to 21.40. Use the arrow keys to read each point.$20.40$20.80$21.2010 AM12 PM2 PM4 PM
Expense ratio
1.03%
Fund size
$88M
1Y return
−1.2%
Yield · Last 12 months
5.29%
Holdings
7
Volume · 30D
0M sh
NAV per share
$21.35
52W range
low $19.22high $25.17

The ETF.net THY Grade

C

48/ 100

Rank 30 of 46 in Tactical Allocation

Confidence Medium

Six-pillar profile for THY. Scores out of 100: Cost 32, Risk 62, Mission not scored, Tradability 61, Holdings 45, Durability 74. Strongest: Durability (74). Weakest: Cost (32). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 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.
    DScore 32
    Category rank32/46 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank15/46 · top 33%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 61
    Category rank19/46 · top 41%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 45
    Category rank26/42 · mid-pack
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 74
    Category rank7/46 · top 15%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on THY

ETF.net Research

CMost income ETFs ride out the rough patches fully invested. THY is built to walk out: a rules-based high yield strategy that can shift all the way into Treasuries and cash when its signals turn defensive. Active pricing, monthly payouts.

Stated mandate

The fund seeks income as its primary objective and seeks secondarily to limit risk during unfavorable market conditions.

Why people hold it

  1. 01The escape hatch is the product. Toews runs rules-based tactical exits, and the fund can move 100% into Treasuries, short-term fixed income and cash when the adviser sees trouble.toewscorp.commutualfunds.com
  2. 02Pays monthly, and it has been trading since 2020, so the rulebook has a multi-year live record rather than a backtest.sec.gov
  3. 03One idea, cleanly stated: technical signals on the high yield market set the exposure dial, so you always know what the manager is reacting to.mutualfunds.comtoewscorp.com

Worth knowing

  1. 01At 1.03% a year it prices like an active manager. Lower-cost income peers such as PAPI (0.29%) and DIVO (0.56%) do their work for a fraction of that.
  2. 02A smaller, thinly traded fund, so bid-ask spreads and the cost of larger orders matter.
  3. 03Tactical rules cut both ways: when the signal says defense, the fund can sit in Treasuries and cash while high yield bonds run without it.mutualfunds.com

THY Holdings

As of Sep 21, 2026, 4:15 AM
Asset class
Other
Holdings
7
Top-10 weight
100%
Largest holding
BBH SWEEP VEHICLE100.3%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BBH SWEEP VEHICLE100.34%87,845,511$88M51

Showing 1–1 of 1 holdings

THY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

THY$9,884
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. THY $9,884. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for THY. Periods over one year show the average yearly return.
PeriodTHY
Year to date−0.4%
1 month−0.8%
3 months−1.3%
1 year−1.2%
3 years+5.0%per year
5 years+1.5%per year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for THY
YearReturn barTHY
2026 YTD−0.4%
2025+4.4%
2024+5.4%
2023+5.0%
2022−5.6%
2021−0.5%
2020+4.0%

Since listing, Jun 25, 2020

THY in the news

ETF.net Research hasn’t filed on THY yet — coverage lands here as it’s written.

THY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
5.29%Last 12 months
Payout per share
$1.13Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2023–2026

One bar per payment. 42 payments from 2023 to 2026 YTD. Jan 24, 2023 $0.18; Feb 15, 2023 $0.11; Mar 15, 2023 $0.05; Apr 19, 2023 $0.14; May 17, 2023 $0.10; Jun 21, 2023 $0.04; Jul 19, 2023 $0.10; Aug 16, 2023 $0.10; Sep 20, 2023 $0.13; Oct 18, 2023 $0.04; Nov 15, 2023 $0.05; Jan 18, 2024 $0.20; Feb 15, 2024 $0.10; Mar 14, 2024 $0.11; Apr 18, 2024 $0.11; May 16, 2024 $0.09; Jun 13, 2024 $0.08; Jul 18, 2024 $0.11; Aug 15, 2024 $0.11; Sep 19, 2024 $0.11; Oct 17, 2024 $0.11; Nov 14, 2024 $0.02; Jan 16, 2025 $0.21; Feb 14, 2025 $0.12; Mar 14, 2025 $0.11; Apr 17, 2025 $0.05; May 16, 2025 $0.13; Jun 13, 2025 $0.09; Jul 18, 2025 $0.10; Aug 15, 2025 $0.07; Sep 19, 2025 $0.11; Oct 17, 2025 $0.11; Nov 14, 2025 $0.12; Dec 12, 2025 $0.12; Jan 15, 2026 $0.10; Feb 12, 2026 $0.09; Mar 12, 2026 $0.11; Apr 16, 2026 $0.03; May 14, 2026 $0.12; Jun 18, 2026 $0.10; Jul 16, 2026 $0.11; Sep 17, 2026 $0.11. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 17, 2026Sep 22, 2026$0.11
Jul 16, 2026Jul 21, 2026$0.11
Jun 18, 2026Jun 23, 2026$0.10
May 14, 2026May 19, 2026$0.12
Apr 16, 2026Apr 21, 2026$0.03
Mar 12, 2026Mar 17, 2026$0.11
Feb 12, 2026Feb 17, 2026$0.09
Jan 15, 2026Jan 20, 2026$0.10
Dec 12, 2025Dec 17, 2025$0.12
Nov 14, 2025Nov 19, 2025$0.12
Oct 17, 2025Oct 22, 2025$0.11
Sep 19, 2025Sep 24, 2025$0.11

THY Risk

How much the fund’s monthly returns vary, scaled to a year.
3.7%
Annualised · 36 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.10
vs 3-month T-bills · to Aug 2026
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.

The largest fall from a peak to the low that followed.
−8.0%
Trough Nov 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.51
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

THY Cost

Expense ratio1.03%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

30 of the 46 Tactical Allocation funds charge less.

THY costs $103.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.