ETF Evaluator:
ATAC Credit Rotation ETF ()
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(as of Aug 26)
Best Performing in Multisector Bond Over the Last Year
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Risk
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ETF Details
ATAC Credit Rotation ETF Overview
ATAC Credit Rotation ETF (JOJO) is an actively managed Taxable Bond Multisector Bond exchange-traded fund (ETF). ATAC Fund launched the ETF in 2021.
The investment seeks current income and long-term capital appreciation.
Under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, will be invested in credit-related securities, or ETFs that invest, under normal circumstances, at least 80% of their net assets, plus borrowings for investment purposes, in credit-related securities. Credit-related securities include fixed-income securities, debt securities and loans and investments with economic characteristics similar to fixed-income securities, debt securities and loans.
About ATAC Credit Rotation ETF (JOJO)
There are 2 members of the management team with an average tenure of 5.05 years: Michael Gayed (2021) and Michael Venuto (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. ATAC Credit Rotation ETF has 4 securities in its portfolio. The top 10 holdings constitute 100.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ATAC Credit Rotation ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. ATAC Credit Rotation ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.8% (99.8% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ATAC Credit Rotation ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $1 billion average for the Multisector Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JOJO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ATAC Credit Rotation ETF expense ratio is high compared to funds in the Multisector Bond category. ATAC Credit Rotation ETF has an expense ratio of 1.24%, which is 90% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ATAC Credit Rotation ETF has a portfolio turnover rate of 1141%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 163% for the Multisector Bond category.
Recently, in the month of July 2026, ATAC Credit Rotation ETF returned -3.3%, which earned it a grade of F, as the Multisector Bond category had an average return of -0.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ATAC Credit Rotation ETF has a trailing yield of 5.20%, which is below the 5.63% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ATAC Credit Rotation ETF Grades
Year to date, the ETF has returned -0.9%, 2.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.0% over the past year (grade of F), 5.6% over the past three years (grade of D) and -1.3% per year over the past five years (grade of F).
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JOJO Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JOJO Return (NAV) | -3.3% | -3.0% | 3.0% | 5.6% | -1.3% | na |
| JOJO Return (Price) | -4.4% | -3.2% | 3.0% | 5.5% | -1.4% | na |
| NAV +/- Price Return | 1.172% | 0.140% | 0.065% | 0.100% | 0.026% | na |
| Multisector Bond Avg | -0.5% | 0.3% | 4.5% | 6.2% | 1.8% | 3.1% |
| JOJO Grade (NAV) | F | F | F | D | F | na |
| +/- Category (NAV) | -2.7% | -3.3% | -1.5% | -0.6% | -3.1% | na |
| JOJO Tax-Cost Ratio | na | na | 2.0% | 2.0% | 1.8% | na |
JOJO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JOJO Return (NAV) | -0.9% | 10.4% | 2.9% | 7.7% | -22.1% | na | na | na | na | na | na |
| JOJO Return (Price) | -1.0% | 10.5% | 2.7% | 7.6% | -22.0% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.164% | 0.006% | -0.048% | -0.010% | -0.005% | na | na | na | na | na | na |
| Multisector Bond Avg | 1.3% | 7.6% | 5.5% | 8.2% | -10.8% | 3.0% | 4.7% | 10.6% | -1.8% | 5.9% | 7.4% |
| JOJO Grade (NAV) | F | A | F | D | F | na | na | na | na | na | na |
| +/- Category | -2.1% | 2.8% | -2.6% | -0.6% | -11.3% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.46 |
| R-Squared: | 71% |
| Standard Deviation: | 9.7% |
| Category Risk Index: | 2.05 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.79 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 5.2% |
| Total Assets: | $ 5 Mil |
| Share Class Assets: | $ 5 Mil |
| Turnover: | 1141.0% |
| Expense Ratio: | 1.24% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.1 years | |||
| Average Tenure: 5.1 years | |||
| Managers (Year): Gayed Michael (2021), Venuto Michael (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 100.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ATAC Fund |
| Phone Number: | 855-282-2386 |
| Website: | |
| Inception Date: | July 15, 2021 |
Expenses and Fees
| Expense Ratio (%): | 1.24% (Rating: High) |
| Category Average Expense Ratio (%): | 0.65% |
