Explore 130+ historical metrics & ratios
Compare equities side by side
Stocks breaking to new annual highs
S&P 500 oversold value screener
Relative strength momentum leaders
Upcoming earnings dates & reports
Filter and sort all 500 stocks
Today's biggest gainers and losers
Visual sector performance
Toews Agility Shares Dynamic Tactical Income ETF (THY) is an actively managed exchange-traded fund that seeks to provide income through a tactical allocation to various fixed-income securities, including high-yield bonds and treasury securities. Its competitive position is bolstered by a dynamic investment strategy that aims to adjust exposure based on market conditions, allowing it to navigate different interest rate environments effectively.
THY generates revenue primarily through management fees based on its AUM, which can fluctuate with market performance and investor inflows. The fund's tactical approach allows it to capitalize on varying interest rates and credit spreads, providing it with a competitive edge in adapting to market conditions.
Changes in interest rates, particularly the Federal Funds Rate, which can impact bond yields and investor demand for fixed-income products
Fluctuations in high-yield credit spreads, affecting the attractiveness of the fund's investments
Market sentiment towards risk assets, influencing inflows and outflows from the fund
Changes in macroeconomic indicators such as GDP growth that impact overall market conditions
Regulatory changes affecting the asset management industry could impact operational costs and compliance requirements.
Technological disruption in trading and investment management could alter competitive dynamics.
Increased competition from passive investment vehicles that may offer lower fees and similar exposure.
Market entrants with innovative strategies that could attract investors away from THY.
Liquidity risks associated with sudden market downturns that could lead to significant outflows.
Potential reliance on leverage, which could amplify losses in adverse market conditions.
moderate - The fund's performance is linked to overall economic conditions, as stronger economic growth can lead to tighter credit spreads and increased demand for riskier assets.
The fund is sensitive to interest rate changes, as rising rates can lead to lower bond prices, impacting the value of the fund's holdings and potentially reducing investor interest in fixed-income products.
minimal - The fund's exposure to credit conditions is limited as it primarily invests in bonds, but wider credit spreads can affect the performance of high-yield securities.
value - The fund appeals to investors seeking income through tactical bond exposure, particularly in uncertain interest rate environments.
moderate - The fund's beta is not publicly available, but its focus on fixed income typically results in lower volatility compared to equity investments.