# Toews Tactical Defensive Alpha (TTDAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ttdax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Bond - Strategy: Actively Managed · Inception: 2016-01-07 The fund's adviser endeavors to fulfill its investment objectives by primarily allocating capital across three key areas: 1. Derivative instruments: These include, but are not limited to, futures contracts tied to equity indices, encompassing companies of any market capitalization. 2. Fixed income securities: Debt instruments designed to provide regular income. 3. Cash equivalents: Highly liquid, short-term investments. Furthermore, the fund possesses the flexibility to make direct investments in the stocks of U.S. companies across the market capitalization spectrum, large-cap foreign equit... ## Key Facts | Metric | Value | |---|---| | Price | $10.16 | | Expense Ratio | — | | Assets Under Management | $64.4M | | NAV | $10.16 (2026-03-31 close) | | Holdings Count | — | | Distribution Yield (TTM) | 2.20% | | Annual Distribution (TTM) | $0.22 /share | | Distribution Frequency | Annual | | 52-Week Range | $9.15 – $11.06 | | Beta | 0.92 | ## Latest Distribution - Amount: $0.2232 /share - Ex-date: 2025-12-23 - Pay date: 2025-12-24 ## Frequently Asked Questions ### What does TTDAX invest in? The fund's adviser endeavors to fulfill its investment objectives by primarily allocating capital across three key areas: 1. Derivative instruments: These include, but are not limited to, futures contracts tied to equity indices, encompassing companies of any market capitalization. 2. Fixed income securities: Debt instruments designed to provide regular income. 3. Cash equivalents: Highly liquid, short-term investments. Furthermore, the fund possesses the flexibility to make direct investments in the stocks of U.S. companies across the market capitalization spectrum, large-cap foreign equities, and exchange-traded funds (ETFs) that predominantly invest in common stock. ### What is the expense ratio of TTDAX? An expense ratio for Toews Tactical Defensive Alpha (TTDAX) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### What is TTDAX's dividend yield? TTDAX's trailing-twelve-month yield is 2.20%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of TTDAX? Effective duration measures TTDAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TTDAX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of TTDAX? TTDAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of TTDAX? Yield to maturity (YTM) is the total return you'd earn from TTDAX if every bond in the portfolio is held to maturity at the current price. TTDAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does TTDAX pay a dividend? Yes, Toews Tactical Defensive Alpha (TTDAX) distributes dividends to shareholders. The trailing-twelve-month yield is 2.20%. Full dividend history is on this page. ### How often does TTDAX pay dividends? Toews Tactical Defensive Alpha pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is TTDAX's next ex-dividend date? The most recently announced ex-dividend date for TTDAX was 2025-12-23. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### Why is TTDAX's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Toews Tactical Defensive Alpha (TTDAX). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does TTDAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TTDAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ttdax - Distribution history: https://www.dividenddata.com/funds/ttdax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ttdax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ttdax/expenses - Peer comparison: https://www.dividenddata.com/funds/ttdax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.