Advisors Capital Tactical Fixed Income Fund
ACTIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Apr 22, 1999
- CIK
- 0000100334
- Similar Companies
- Business
- Advisors Capital Tactical Fixed Income Fund (ACTIX) is an open-end mutual fund that seeks total return with capital preservation as a secondary objective through an opportunistic approach to fixed-income investments. Under normal circumstances, the fund invests at least 80% of its net assets in fixed-income securities, including investment-grade corporate bonds, preferred stocks, U.S. and non-U.S. bonds, asset-backed securities, and exchange-traded funds (ETFs) such as iShares 10+ Year Investment Grade Corporate Bond ETF, iShares iBonds Dec 2031 Term Corporate ETF, Invesco Variable Rate Preferred ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF, and iShares Broad USD Investment Grade Corporate Bond ETF; its portfolio emphasizes corporate bonds (91.16%), preferred stock (5.62%), and cash equivalents, with top holdings comprising over 56% of assets. The fund operates within the multisector bond category, primarily targeting U.S. investors seeking income and moderate interest-rate sensitivity with mid-credit quality exposure. Launched on February 1, 2021, and domiciled in the United States with total net assets of approximately $174 million, the fund is managed by Kevin Strauss and Kevin Kelly of Advisors Capital Management, LLC, a SEC-registered investment adviser founded in 1998 and headquartered at 10 Wilsey Square, Suite 200, Ridgewood, New Jersey. Advisors Capital Management provides sub-advisory services and focuses on customized portfolio solutions for advisors, with additional offices in Florida and Connecticut. The fund features a net expense ratio of 2.04%, no front-end or deferred loads, a minimum initial investment of $2,500, and daily pricing. Recent developments include sustained asset growth to $173.96 million and portfolio turnover of 49.35% as of mid-2025, alongside a year-to-date return of approximately 5.83% and a trailing twelve-month dividend yield of 3.01%; the fund issued its 2023 annual report covering operations through September 30, 2023, with performance benchmarking against the Bloomberg US Credit Index. No major acquisitions, partnerships, or strategic shifts specific to the fund have been announced in the last 1-2 years, though Advisors Capital Management continues to emphasize fixed-income outlooks, forecasting 4-8% returns for 2025 in corporate high-yield bonds. The fund remains available for sale exclusively in the United States through platforms like Charles Schwab.