ETF Evaluator:
Fairlead Tactical Sector ()
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(as of Aug 26)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
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ETF Details
Fairlead Tactical Sector Overview
Fairlead Tactical Sector (TACK) is an actively managed Allocation Tactical Allocation exchange-traded fund (ETF). Fairlead Funds launched the ETF in 2022.
The investment seeks capital appreciation with limited drawdowns.
The fund is a diversified actively-managed ETF that under normal circumstances will invest more than 80% of the fund’s net assets in passive domestic equity sector ETFs and ETFs investing respectively in gold and U.S. Treasuries. The fund’s principal investment strategy will employ a systematic approach to technical analysis focused on the identification of important trends. The fund’s investable universe will consist of the sectors of the S&P 500®, as defined by the State Street series of SPDR® ETFs.
About Fairlead Tactical Sector (TACK)
There are 1 members of the management team with an average tenure of 4.36 years: Katie Stockton (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Russell 1000 Equal Weight TR USD index with a weighting of 100%. Fairlead Tactical Sector has 9 securities in its portfolio. The top 10 holdings constitute 99.6% 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.
Fairlead Tactical Sector is part of the Allocation global asset class and is within the Allocation ETF group. Fairlead Tactical Sector has 0.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.7% There is 0.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fairlead Tactical Sector has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $288 million in total assets, which is above the $144 million average for the Tactical 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.
TACK 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 Fairlead Tactical Sector expense ratio is above average compared to funds in the Tactical Allocation category. Fairlead Tactical Sector has an expense ratio of 0.69%, which is 29% lower than its category average, making the fund expense ratio grade a B. 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. Fairlead Tactical Sector has a portfolio turnover rate of 38%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, Fairlead Tactical Sector returned 0.6%, which earned it a grade of A, as the Tactical Allocation category had an average return of -1.4%. 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.
Fairlead Tactical Sector has a trailing yield of 1.30%, which is below the 2.15% category average.
The fund normally distributes its income quarterly 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.
Fairlead Tactical Sector Grades
Year to date, the ETF has returned 6.8%, 0.6 percentage points worse than the category, which translates into a grade of C. The fund has returned 13.1% over the past year (grade of D) and 11.1% over the past three years (grade of C).
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TACK 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 |
|
| TACK Return (NAV) | 0.6% | 2.9% | 13.1% | 11.1% | na | na |
| TACK Return (Price) | 0.6% | 2.9% | 13.3% | 11.2% | na | na |
| NAV +/- Price Return | -0.002% | -0.002% | -0.157% | -0.068% | na | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| TACK Grade (NAV) | A | B | D | C | na | na |
| +/- Category (NAV) | 2.0% | 1.3% | -2.8% | 0.5% | na | na |
| TACK Tax-Cost Ratio | na | na | 0.6% | 0.5% | na | na |
TACK Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TACK Return (NAV) | 6.8% | 10.9% | 11.8% | 7.4% | na | na | na | na | na | na | na |
| TACK Return (Price) | 7.0% | 10.9% | 11.8% | 7.4% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.020% | 0.001% | -0.004% | 0.007% | na | na | na | na | na | na | na |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| TACK Grade (NAV) | C | C | D | D | na | na | na | na | na | na | na |
| +/- Category | -0.6% | -1.8% | 0.1% | -3.4% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.92 |
| R-Squared: | 76% |
| Standard Deviation: | 9.9% |
| Category Risk Index: | 0.84 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.81 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.3% |
| Total Assets: | $ 288 Mil |
| Share Class Assets: | $ 288 Mil |
| Turnover: | 38.0% |
| Expense Ratio: | 0.69% |
| Index Fund: | No |
| Index Tracked: | Russell 1000 Equal Weight TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 4.4 years | |||
| Average Tenure: 4.4 years | |||
| Managers (Year): Stockton Katie (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 9 |
| % in Top 10 Holdings: | 99.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.8% |
Portfolio Allocation |
|
| Domestic Stock: | 98.7% |
| Foreign Stock: | 0.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Fairlead Funds |
| Phone Number: | 877-865-9549 |
| Website: | |
| Inception Date: | March 22, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.69% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.97% |
