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The fund is an actively-managed ETF that seeks to achieve its investment objective by allocating its investments among a combination of (i) U.S. equity securities or ETFs that, in the aggregate, seek to replicate the Nasdaq-100 Index (the “Index Allocation”), (ii) directly in, or in ETFs that hold, long-duration U.S. Treasury securities (the “Fixed Income Allocation”), and (iii) short-term U.S. Treasury bills, money market funds, and cash and/or cash equivalents (the “Cash Equivalents”). It is non-diversified.
Is TUG's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
DENVER, March 30, 2026 /PRNewswire/ -- Shelton Capital Management ("Shelton") announced today that it will become the investment advisor of STF Management LP ("STF Management") assets including two exchange-traded funds: the STF Tactical Growth ETF (TUG) and the STF Tactical Growth & Income ETF (TUGN).1 The combined assets of the funds are approximately $100 million, with Shelton's total assets under management now exceeding $6.5 billion. Shelton has appointed Jonathan Molchan of STF Management as senior portfolio manager and head of ETF trading, effective March 30.
TUG's active, risk-on/risk-off strategy aims for risk-adjusted growth but has underperformed in both bull and bear markets so far. The ETF's current portfolio is heavily concentrated in equities, mirroring the NDX, and lacks meaningful Treasury allocation despite market signals. Performance data shows TUG fails to effectively manage drawdowns or outperform major indices, undermining its core investment thesis.
STF Tactical Growth ETF allocates assets across Nasdaq 100 stocks, treasuries, and cash based on a market-timing model. The strategy looks better than random, as it beats several tactical multi-asset funds and shows a lower volatility than the Nasdaq 100. However, STF Tactical Growth ETF was unable to anticipate this summer's 14% drawdown in the Nasdaq 100.
TUG is an actively managed fund that aims for long-term capital growth with downside protection. The fund's strategy involves investing in equities during bullish markets and reducing exposure during bearish markets. TUG primarily holds stocks from the Nasdaq-100 Index and offers diversification across various sectors.
STF Tactical Growth ETF is an actively managed multi-asset fund with a proprietary market-timing model. The model looks better than random, and it beats several other tactical multi-asset funds. Data history is too short to assess a timing strategy.