Potomac Defensive Bull Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Potomac Defensive Bull Fund held 4 positions with $3.67B in net assets. Its ten largest holdings made up 93.6% of the fund. The CRDBX share class costs 1.39% a year. Over the 12 months to May 2026, CRDBX returned 44.6%, with dividends reinvested. In 2026 Q2 it added 1 new positions and exited 1.
The Potomac Defensive Bull Fund (the Fund) seeks long-term capital appreciation.
The fund invests in underlying ETFs and mutual funds selected through technical analysis of over 100 quantitative trading indicators combined into algorithmic composites that assess market direction. When the algorithm signals rising markets, the fund holds leveraged equity ETFs; in weak trends, it shifts to cash or fixed income; in downward trends, it may hold inverse ETFs. As a non-diversified fund, it can concentrate assets in fewer underlying funds and single issuers more heavily than a diversified fund, and because returns from leveraged and inverse ETFs reset daily, multi-day returns will not equal the stated multiple of index returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
iShares Trust | 72.28% | $2.66B | 3.5M | $748.89 |
GVMXXState Street Institutional Investment Trust | 11.49% | $422.18M | — | — |
BondBloxx ETF Trust | 9.22% | $338.87M | 6.7M | $50.30 |
Chicago Mercantile Exchange | 0.56% | $20.73M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 4 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 81.39% |
| Cash & short-term | 11.70% |
| Derivatives | 0.57% |
Look-through blends 1 underlying fund; 9.225% of NAV was not looked through and stays direct-classified.
How it has done
CRDBX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.64%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.39% | +44.62% | +78.55% | +107.42% | -15.00% | |
| 2.39% | — | — | — | — |
Fees & fund details
Potomac Defensive Bull Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified · Fund of funds
- Expense ratio, by class
- 1.39% – 2.39%· CRDBX 1.39%
- Portfolio turnover
- 1352.76% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
1 new
1 exited
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — CRDBX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”