Fund Evaluator:
TFA AlphaGen Growth I (TFAGX)
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Best Performing in Aggressive Allocation Over the Last Year
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Fund Details
TFA AlphaGen Growth I Overview
TFA AlphaGen Growth I (TFAGX) is an actively managed Allocation Aggressive Allocation fund. Tactical Fund Advisors launched the fund in 2021.
The investment seeks to provide capital appreciation. The Sub-Adviser seeks to achieve the fund’s investment objective by employing an active, risk-managed, multi-strategy investment approach. The Sub-Adviser employs multiple sub-strategies to manage the portfolio. The fund can invest in fixed-income securities of any maturity, duration, or quality (including “junk bonds”). It may short equity and fixed income securities and ETFs. The fund seeks equity exposure between -30% and 150% and fixed income exposure between -10% and 35%.
About TFA AlphaGen Growth I (TFAGX)
There are 2 members of the management team with an average tenure of 5.34 years: Jeff Pietsch (2021), David Moenning (2021). 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 Morningstar Agg Tgt Risk TR USD index with a weighting of 100%. TFA AlphaGen Growth I has 41 securities in its portfolio. The top 10 holdings constitute 69.8% 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.
TFA AlphaGen Growth I is part of the Allocation global asset class and is within the Allocation fund group. TFA AlphaGen Growth I has 1.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 78.1%. There is 1.5% 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). TFA AlphaGen Growth I has 18.8% of the portfolio in cash.
Assets Under Management
The fund has $46 million in total assets, which is below the $561 million average for the Aggressive 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.
TFAGX 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 TFA AlphaGen Growth I expense ratio is high compared to funds in the Aggressive Allocation category. TFA AlphaGen Growth I has an expense ratio of 2.39%, which is 108% 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. TFA AlphaGen Growth I has a portfolio turnover rate of 378%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Aggressive Allocation category.
Recently, in the month of July 2026, TFA AlphaGen Growth I returned -5.9%, which earned it a grade of F, as the Aggressive Allocation category had an average return of -0.6%. 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.
TFA AlphaGen Growth I has a trailing yield of 0.00%, which is below the 0.94% 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.
TFA AlphaGen Growth I Grades
Year to date, the fund has returned 3.7%, 4.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 12.5% over the past year (grade of D) and 14.2% over the past three years (grade of C).
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TFAGX 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 |
|
| TFAGX Return (NAV) | -5.9% | 1.4% | 12.5% | 14.2% | na | na |
| TFAGX Grade | F | F | D | C | na | na |
| +/- Category | -5.3% | -1.9% | -3.8% | -0.2% | na | na |
| Aggressive Allocation Avg | -0.6% | 3.3% | 16.4% | 14.4% | 7.7% | 10.5% |
| TFAGX Tax Cost Ratio | na | na | 2.6% | 0.9% | na | na |
TFAGX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TFAGX Return (NAV) | 3.7% | 18.2% | 19.2% | 18.5% | -21.4% | na | na | na | na | na | na |
| TFAGX Grade | F | B | B | D | D | na | na | na | na | na | na |
| +/- Category | -4.8% | 3.1% | 3.6% | -1.9% | -1.7% | na | na | na | na | na | na |
| Aggressive Allocation Avg | 8.6% | 15.1% | 15.6% | 20.4% | -19.6% | 19.1% | 17.6% | 25.8% | -9.0% | 20.2% | 8.3% |
| Risk Measures | |
| Standard Deviation: | 14.5% |
| Total Risk Index: | 1.18 - Above Average |
| Category Risk Index: | 1.10 - Above Average |
| Category Risk Grade: | D (74% Rank) |
| Beta: | 1.21 |
| R-Squared: | 61% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $46 Mil |
| Fund Total Assets: | $ 46 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 379% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.3 years | |||
| Average Tenure: 5.3 years | |||
| Managers (Year): Pietsch Jeff (2021), Moenning David (2021) | |||
Portfolio Composition (as of 12/31/25)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 69.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.5% |
Portfolio Allocation |
|
| Domestic Stock: | 78.1% |
| Foreign Stock: | 1.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.5% |
| Cash: | 18.8% |
Purchase Information
| Fund Family: | Tactical Fund Advisors |
| Phone Number: | 833-974-3787 |
| Website: | Tactical Investment Series Trust |
| Status: | Open |
| Inception Date: | August 23, 2021 |
| Min. Initial Purchase: | $ 250 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 2.39% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | TFA AlphaGen Growth I |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 0 |
