ETF Evaluator:
Liberty One Tactical Income ETF ()
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(as of Aug 26)
Best Performing in Moderate Allocation Over the Last Year
| 29.1% | Adaptive Core ETF (RULE) |
| 21.3% | Monarch Volume Factor Dividend Tree ETF (MVFD) |
| 19.5% | Avantis Moderate Allocation ETF (AVMA) |
| 19.4% | Ned Davis Research 360 Dyn Allc ETF (NDAA) |
| 16.0% | SMI 3Fourteen REAL Asset Allocation ETF (RAA) |
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ETF Details
Liberty One Tactical Income ETF Overview
Liberty One Tactical Income ETF (LOTI) is an actively managed Allocation Moderate Allocation exchange-traded fund (ETF). Liberty One Investment Management launched the ETF in 2025.
The investment seeks capital appreciation and to provide current income.
The fund is an actively managed ETF that, under normal market conditions, invests, directly or indirectly, in a non-diversified portfolio of equity securities and fixed income ETF securities. The fund utilizes a balanced strategy in that the fund is generally invested in both equity and fixed income securities. The Adviser will adjust the allocation between equity and fixed income securities based upon market conditions, and generally targets, to be invested between 35% to 65% in equity securities and 35% to 65% in fixed income securities.
About Liberty One Tactical Income ETF (LOTI)
There are 2 members of the management team with an average tenure of 0.84 years: Nick Ng (2025) and Ben Pahl (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Liberty One Tactical Income ETF has 34 securities in its portfolio. The top 10 holdings constitute 51.8% 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.
Liberty One Tactical Income ETF is part of the Allocation global asset class and is within the Allocation ETF group. Liberty One Tactical Income ETF has 6.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 50.9% There is 2.4% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 48.5% (44.6% domestic bond, 4.0% foreign bond and 0.1% convertible bond). Liberty One Tactical Income ETF has -1.9% of the portfolio in cash.
Assets Under Management
The fund has $46 million in total assets, which is below the $411 million average for the Moderate Allocation 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.
LOTI 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 Liberty One Tactical Income ETF expense ratio is high compared to funds in the Moderate Allocation category. Liberty One Tactical Income ETF has an expense ratio of 1.01%, which is 6% higher than its category average, making the fund expense ratio grade a C. 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. Liberty One Tactical Income ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 162% for the Moderate Allocation category.
Recently, in the month of July 2026, Liberty One Tactical Income ETF returned 0.4%, which earned it a grade of A, as the Moderate Allocation category had an average return of -1.0%. 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.
Liberty One Tactical Income ETF has a trailing yield of 0.00%, which is below the 2.36% category average.
The fund normally distributes its income monthly and its capital gains annually.
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.
Liberty One Tactical Income ETF Grades
Year to date, the ETF has returned 5.0%, 2.4 percentage points worse than the category, which translates into a grade of F.
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LOTI 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 |
|
| LOTI Return (NAV) | 0.4% | 1.2% | na | na | na | na |
| LOTI Return (Price) | 0.4% | 1.2% | na | na | na | na |
| NAV +/- Price Return | -0.021% | 0.011% | na | na | na | na |
| Moderate Allocation Avg | -1.0% | 1.5% | 13.8% | 10.7% | 4.9% | na |
| LOTI Grade (NAV) | A | D | na | na | na | na |
| +/- Category (NAV) | 1.4% | -0.3% | na | na | na | na |
| LOTI Tax-Cost Ratio | na | na | na | na | na | na |
LOTI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LOTI Return (NAV) | 5.0% | na | na | na | na | na | na | na | na | na | na |
| LOTI Return (Price) | 4.8% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.033% | na | na | na | na | na | na | na | na | na | na |
| Moderate Allocation Avg | 7.4% | 10.4% | 12.0% | 10.2% | -14.7% | 13.8% | 11.5% | 18.3% | -7.5% | na | na |
| LOTI Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -2.4% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 47 Mil |
| Share Class Assets: | $ 47 Mil |
| Turnover: | na |
| Expense Ratio: | 1.01% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Ng Nick (2025), Pahl Ben (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 34 |
| % in Top 10 Holdings: | 51.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.4% |
Portfolio Allocation |
|
| Domestic Stock: | 50.9% |
| Foreign Stock: | 2.4% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 44.6% |
| Foreign Bond: | 4.0% |
| Convertible Bond: | 0.1% |
| Other: | -0.2% |
| Cash: | -1.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Liberty One Investment Management |
| Phone Number: | 847-680-9255 |
| Website: | |
| Inception Date: | September 29, 2025 |
Expenses and Fees
| Expense Ratio (%): | 1.01% (Rating: High) |
| Category Average Expense Ratio (%): | 0.95% |
