ETF Evaluator:
Toews Agility Dynamic Tactical Inc ETF ()
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(as of Aug 26)
Best Performing in High Yield Bond Over the Last Year
| 7.6% | Fidelity Sustainable High Yield ETF (FSYD) |
| 7.4% | Horizon Flexible Income ETF (FLXN) |
| 6.7% | iShares Interest Rate Hdg Hi Yld Bd ETF (HYGH) |
| 6.6% | Fidelity Enhanced High Yield ETF (FDHY) |
| 6.3% | Harbor Ares Systematic High-Yield ETF (SIHY) |
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ETF Details
Toews Agility Dynamic Tactical Inc ETF Overview
Toews Agility Dynamic Tactical Inc ETF (THY) is an actively managed Taxable Bond High Yield Bond exchange-traded fund (ETF). Toews Corporation launched the ETF in 2020.
The investment seeks to provide income; a secondary objective of the fund is to limit risk during unfavorable market conditions.
The fund’s adviser seeks to achieve the fund’s investment objectives by tactically investing in a portfolio of income-producing securities, including high-yield bonds, investment grade bonds, municipal bonds, U.S. Treasuries and/or cash/cash equivalents. It may hedge long positions using futures and/or ETFs.
About Toews Agility Dynamic Tactical Inc ETF (THY)
There are 4 members of the management team with an average tenure of 6.10 years: Randall Schroeder (2020), Jason Graffius (2020), Charles Collins (2020) and Phillip Toews (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA Merrill Lynch H Y Cash Pay USD index with a weighting of 100%. Toews Agility Dynamic Tactical Inc ETF has 1 securities in its portfolio. The top 10 holdings constitute 0.0% 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.
Toews Agility Dynamic Tactical Inc ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Toews Agility Dynamic Tactical Inc 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 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Toews Agility Dynamic Tactical Inc ETF has 100.0% of the portfolio in cash.
Assets Under Management
The fund has $88 million in total assets, which is below the $1 billion average for the High Yield 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.
THY 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 Toews Agility Dynamic Tactical Inc ETF expense ratio is high compared to funds in the High Yield Bond category. Toews Agility Dynamic Tactical Inc ETF has an expense ratio of 1.03%, which is 158% 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. Toews Agility Dynamic Tactical Inc ETF has a portfolio turnover rate of 414%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the High Yield Bond category.
Recently, in the month of July 2026, Toews Agility Dynamic Tactical Inc ETF returned -0.6%, which earned it a grade of F, as the High Yield Bond category had an average return of -0.2%. 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.
Toews Agility Dynamic Tactical Inc ETF has a trailing yield of 5.50%, which is below the 6.77% 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.
Toews Agility Dynamic Tactical Inc ETF Grades
Year to date, the ETF has returned 0.3%, 1.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.1% over the past year (grade of F), 4.5% over the past three years (grade of F) and 1.6% per year over the past five years (grade of F).
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THY 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 |
|
| THY Return (NAV) | -0.6% | -0.7% | 2.1% | 4.5% | 1.6% | na |
| THY Return (Price) | -0.7% | -0.8% | 2.0% | 4.4% | 1.6% | na |
| NAV +/- Price Return | 0.082% | 0.089% | 0.054% | 0.049% | 0.014% | na |
| High Yield Bond Avg | -0.2% | 0.5% | 5.0% | 7.8% | 3.8% | 5.0% |
| THY Grade (NAV) | F | F | F | F | F | na |
| +/- Category (NAV) | -0.4% | -1.2% | -2.9% | -3.3% | -2.2% | na |
| THY Tax-Cost Ratio | na | na | 2.2% | 2.1% | 1.9% | na |
THY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| THY Return (NAV) | 0.3% | 4.3% | 5.3% | 4.8% | -5.4% | -0.5% | na | na | na | na | na |
| THY Return (Price) | 0.2% | 4.4% | 5.4% | 5.0% | -5.6% | -0.5% | na | na | na | na | na |
| NAV +/- Price Ret | -0.329% | 0.025% | 0.009% | 0.029% | 0.046% | -0.082% | na | na | na | na | na |
| High Yield Bond Avg | 1.7% | 8.4% | 7.5% | 12.4% | -10.1% | 4.2% | 6.1% | 13.4% | -2.3% | 7.1% | 13.0% |
| THY Grade (NAV) | F | F | F | F | A | F | na | na | na | na | na |
| +/- Category | -1.3% | -4.1% | -2.2% | -7.6% | 4.7% | -4.7% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.52 |
| R-Squared: | 59% |
| Standard Deviation: | 3.9% |
| Category Risk Index: | 0.89 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.31 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.5% |
| Total Assets: | $ 88 Mil |
| Share Class Assets: | $ 88 Mil |
| Turnover: | 414.0% |
| Expense Ratio: | 1.03% |
| 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: 4 | |||
| Longest Tenure: 6.1 years | |||
| Average Tenure: 6.1 years | |||
| Managers (Year): Schroeder Randall (2020), Graffius Jason (2020), Collins Charles (2020), Toews Phillip (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 1 |
| % in Top 10 Holdings: | 0.0% |
| 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: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 100.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Toews Corporation |
| Phone Number: | 888-604-5506 |
| Website: | |
| Inception Date: | June 24, 2020 |
Expenses and Fees
| Expense Ratio (%): | 1.03% (Rating: High) |
| Category Average Expense Ratio (%): | 0.40% |
