Fund Evaluator:
Advisors Capital Tactical Fixed Inc (ACTIX)
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Best Performing in Multisector Bond Over the Last Year
| 7.1% | Morningstar Multisector Bond (MSTMX) |
| 6.0% | Fidelity Advisor Strategic Income Z (FIWDX) |
| 5.4% | Russell Inv Opportunistic Credit Y (RGCYX) |
| 5.4% | Russell Inv Opportunistic Credit M (RGOTX) |
| 5.2% | Payden Managed Income SI (PKBIX) |
Fund Details
Advisors Capital Tactical Fixed Inc Overview
Advisors Capital Tactical Fixed Inc (ACTIX) is an actively managed Taxable Bond Multisector Bond fund. Advisors Capital launched the fund in 2021.
The investment seeks total return with capital preservation as a secondary objective. Under normal circumstances, the fund invests at least 80% of its assets (defined as net assets plus borrowing for investment purposes) in fixed-income securities. Fixed income securities are selected without restriction as to maturity, credit quality (including high yield or junk bonds), currency, issuer country or capitalization. However, preferred stocks are limited to 30% of the fund's portfolio.
About Advisors Capital Tactical Fixed Inc (ACTIX)
There are 2 members of the management team with an average tenure of 5.50 years: Kevin Strauss (2021), Kevin Kelly (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Intermediate Corp Bd TR USD index with a weighting of 100%. Advisors Capital Tactical Fixed Inc has 10 securities in its portfolio. The top 10 holdings constitute 98.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Advisors Capital Tactical Fixed Inc is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Advisors Capital Tactical Fixed Inc has 15.8% 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 5.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 92.0% (76.2% domestic bond, 15.8% foreign bond and 0.6% convertible bond). Advisors Capital Tactical Fixed Inc has 2.3% of the portfolio in cash.
Assets Under Management
The fund has $209 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.
ACTIX 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 Advisors Capital Tactical Fixed Inc expense ratio is high compared to funds in the Multisector Bond category. Advisors Capital Tactical Fixed Inc has an expense ratio of 1.93%, which is 106% 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. Advisors Capital Tactical Fixed Inc has a portfolio turnover rate of 45%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of July 2026, Advisors Capital Tactical Fixed Inc returned -1.3%, which earned it a grade of F, as the Multisector Bond category had an average return of -0.7%. 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 funds in that category.
Advisors Capital Tactical Fixed Inc has a trailing yield of 3.12%, which is below the 5.31% category average. The fund normally distributes its income 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.
Advisors Capital Tactical Fixed Inc Grades
Year to date, the fund has returned -0.9%, 1.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 1.6% over the past year (grade of F), 3.9% over the past three years (grade of F) and 0.3% per year over the past five years (grade of F).
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ACTIX 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 |
|
| ACTIX Return (NAV) | -1.3% | -0.8% | 1.6% | 3.9% | 0.3% | na |
| ACTIX Grade | F | F | F | F | F | na |
| +/- Category | -0.5% | -0.9% | -2.7% | -2.4% | -2.0% | na |
| Multisector Bond Avg | -0.7% | 0.0% | 4.3% | 6.3% | 2.4% | 3.5% |
| ACTIX Tax Cost Ratio | na | na | 1.2% | 1.2% | 0.8% | na |
ACTIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ACTIX Return (NAV) | -0.9% | 6.1% | 3.1% | 6.0% | -9.9% | na | na | na | na | na | na |
| ACTIX Grade | F | F | F | F | B | na | na | na | na | na | na |
| +/- Category | -1.8% | -2.0% | -2.7% | -2.5% | 0.2% | na | na | na | na | na | na |
| Multisector Bond Avg | 0.9% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.3% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | 4.6% |
| Total Risk Index: | 0.37 - Low |
| Category Risk Index: | 1.02 - Average |
| Category Risk Grade: | C (45% Rank) |
| Beta: | 0.78 |
| R-Squared: | 92% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na Moderate Sensitivity |
| Yield: | 3.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $209 Mil |
| Fund Total Assets: | $ 210 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 45% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.5 years | |||
| Average Tenure: 5.5 years | |||
| Managers (Year): Strauss Kevin (2021), Kelly Kevin (2021) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 10 |
| % in Top 10 Holdings: | 98.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 15.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 5.1% |
| Domestic Bond: | 76.2% |
| Foreign Bond: | 15.8% |
| Convertible Bond: | 0.6% |
| Other: | 0.0% |
| Cash: | 2.3% |
Purchase Information
| Fund Family: | Advisors Capital |
| Phone Number: | 888-247-3841 |
| Website: | www.neimanfunds.com |
| Status: | Open |
| Inception Date: | February 1, 2021 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.15% |
Expenses and Fees | |
| Expense Ratio (%): | 1.93% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Advisors Capital Tactical Fixed Inc |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
