Fund Evaluator:
Vest Bitcoin Strategy Mgd Vol Inv (BTCLX)
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Best Performing in Digital Assets Over the Last Year
| -40.6% | Ether ProFund Investor (ETHFX) |
| -43.5% | Vest Bitcoin Strategy Mgd Vol Inv (BTCLX) |
| -47.8% | Bitcoin ProFund Investor (BTCFX) |
Fund Details
Vest Bitcoin Strategy Mgd Vol Inv Overview
Vest Bitcoin Strategy Mgd Vol Inv (BTCLX) is an actively managed Miscellaneous Digital Assets fund. CBOE Vest launched the fund in 2021.
The investment seeks total return. The advisor seeks to achieve total return by constructing a dynamic portfolio with the aim of both managing the volatility of the fund and reducing the impact on the fund’s portfolio of significant market downturns during periods of high volatility in the price of Bitcoin. The advisor seeks to achieve these objectives by allocating its assets among a range of options contracts that will utilize as their reference asset instruments that provide exposure to the returns of Bitcoin. The fund is non-diversified.
About Vest Bitcoin Strategy Mgd Vol Inv (BTCLX)
There are 2 members of the management team with an average tenure of 3.11 years: Karan Sood (2021), Trevor Lack (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and BetaPro Bitcoin Frnt Mnt Roll Fut ER USD index with a weighting of 100%. Vest Bitcoin Strategy Mgd Vol Inv has 2 securities in its portfolio. The top 10 holdings constitute 20.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Vest Bitcoin Strategy Mgd Vol Inv is part of the Other global asset class and is within the Miscellaneous fund group. Vest Bitcoin Strategy Mgd Vol Inv 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). Vest Bitcoin Strategy Mgd Vol Inv has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $63 million average for the Digital Assets 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.
BTCLX 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 Vest Bitcoin Strategy Mgd Vol Inv expense ratio is high compared to funds in the Digital Assets category. Vest Bitcoin Strategy Mgd Vol Inv has an expense ratio of 1.24%, which is 6% higher than its category average, making the fund expense ratio grade a D. 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. Vest Bitcoin Strategy Mgd Vol Inv has a portfolio turnover rate of 324%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 324% for the Digital Assets category.
Recently, in the month of June 2026, Vest Bitcoin Strategy Mgd Vol Inv returned -20.0%, which earned it a grade of A, as the Digital Assets category had an average return of -20.5%. 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 funds in that category.
Vest Bitcoin Strategy Mgd Vol Inv has a trailing yield of 18.54%, which is below the 27.25% 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.
Vest Bitcoin Strategy Mgd Vol Inv Grades
Year to date, the fund has returned -30.8%, 4.1 percentage points better than the category, which translates into a grade of C. The fund has returned -43.5% over the past year (grade of D) and 15.5% over the past three years (grade of F).
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BTCLX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BTCLX Return (NAV) | -20.0% | -17.0% | -43.5% | 15.5% | na | na |
| BTCLX Grade | A | D | D | F | na | na |
| +/- Category | 0.4% | 1.1% | 0.2% | -0.2% | na | na |
| Digital Assets Avg | -20.5% | -18.1% | -43.7% | 15.7% | na | na |
| BTCLX Tax Cost Ratio | na | na | 4.6% | 4.2% | na | na |
BTCLX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BTCLX Return (NAV) | -30.8% | -13.3% | 96.2% | 101.4% | -50.7% | na | na | na | na | na | na |
| BTCLX Grade | C | F | F | D | A | na | na | na | na | na | na |
| +/- Category | 4.1% | -0.6% | -2.0% | -8.1% | 3.4% | na | na | na | na | na | na |
| Digital Assets Avg | -34.8% | -12.7% | 98.1% | 109.5% | -54.1% | na | na | na | na | na | na |
| Risk Measures | |
| Standard Deviation: | 45.0% |
| Total Risk Index: | 3.70 - High |
| Category Risk Index: | 0.96 - Average |
| Category Risk Grade: | C (50% Rank) |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 18.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $10 Mil |
| Fund Total Assets: | $ 6 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 325% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.9 years | |||
| Average Tenure: 3.1 years | |||
| Managers (Year): Sood Karan (2021), Lack Trevor (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 2 |
| % in Top 10 Holdings: | 20.1% |
| Fund is Non-Diversified: | Yes |
| % 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: | 0.0% |
Purchase Information
| Fund Family: | CBOE Vest |
| Phone Number: | 855-505-8378 |
| Website: | www.theworldfundstrust.com |
| Status: | Open |
| Inception Date: | August 13, 2021 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.24% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.17% |
| Share Class: | Vest Bitcoin Strategy Mgd Vol Y |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
