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Name

As of 03/30/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AI Quality Growth ETF

AQGX | ETF

$13.13

$31.9 M

0.00%

$0.00

0.01%

Vitals

YTD Return

7.9%

1 yr return

-7.5%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$31.9 M

Holdings in Top 10

0.3%

52 WEEK LOW AND HIGH

$13.1
$11.19
$13.93

Expenses

OPERATING FEES

Expense Ratio 0.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 03/30/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AI Quality Growth ETF

AQGX | ETF

$13.13

$31.9 M

0.00%

$0.00

0.01%

AQGX - Profile

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    AI Quality Growth ETF
  • Fund Family Name
    Adaptive ETFs
  • Inception Date
    Oct 17, 2013
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Wetherington

Fund Description

As an actively managed exchange-traded fund (“ETF”), the Fund will not seek to replicate the performance of an index. The Advisor seeks to achieve the Fund’s investment objective of capital appreciation by principally investing in domestic common stocks that the Advisor believes to have above-average growth potential relative to their peers. The Advisor uses a proprietary screening system that incorporates quantitative and fundamental analysis in order to construct the Fund’s portfolio.
The Fund invests principally in domestic common stocks and is not limited in its investments by market capitalization.  The Fund invests in other investment companies, including mutual funds and exchange traded funds that are registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and not affiliated with the Fund (“Portfolio Funds”).
The Advisor utilizes a screening and selection process to build a portfolio of quality domestic growth stocks, which includes a select group of growth stocks that the Advisor believes have the potential for revenue growth rates higher than their peers.
First, the Advisor employs quantitative analysis of individual stock metrics in order to select stocks with quality and/or growth characteristics.  Quality metrics include earnings variability, return on equity, and debt to equity ratio.  Growth metrics include revenue growth rates and companies with above average earnings growth.  Second, the Advisor will select approximately 40-50 stocks from this universe with an emphasis on companies that the Advisor believes may have a competitive advantage (such as strong products in industries with high barriers to entry), sustainable earnings growth rates, growth of free cash flow, and/or potential for a high return on capital.  This selection of holdings is constructed to diversify across sectors and industries where current opportunities are viewed as favorable.  The portfolio is generally equally weighted based on the security’s market value.
The Fund may employ a risk management strategy intended to manage the volatility of the Fund’s returns and reduce the overall risk of investing in the Fund. The risk management strategy monitors technical and volatility metrics to gauge periods where there is potential for higher equity market risk. When periods of equity downside are more likely, the risk management strategy will reduce equity exposure. When employing this risk management strategy, the Fund may allocate a significant percentage of its assets to cash and cash equivalents.
The Advisor may sell a portfolio security when its reward/risk measures weaken, the fundamentals of the stock change, to pursue opportunities that the Advisor believes will be of greater benefit to the Fund, or to rebalance the Fund’s portfolio. The Advisor’s evaluation of reward/risk measures are based on a quarterly screen of price momentum and sector analysis relative to other equity securities. The Advisor’s evaluation of changes in fundamentals includes a review of price earnings ratios, earnings growth, revenue growth and leverage ratios. As a result of its strategy, the Fund may have a relatively high level of portfolio turnover compared to other mutual funds, which may affect the Fund’s performance due to higher transactions costs and higher taxes. Portfolio turnover will not be a limiting factor in making investment decisions.
Read More

AQGX - Performance

Return Ranking - Trailing

Period AQGX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -44.2% 26.6% 94.88%
1 Yr -7.5% -98.5% 150.0% 55.76%
3 Yr N/A* -74.2% 26.3% 14.32%
5 Yr N/A* -61.2% 23.2% 16.81%
10 Yr N/A* -35.6% 18.2% N/A

* Annualized

Return Ranking - Calendar

Period AQGX Return Category Return Low Category Return High Rank in Category (%)
2023 -29.0% -98.8% 81.6% N/A
2022 N/A -39.5% 48.7% N/A
2021 N/A -13.0% 34.8% N/A
2020 N/A -27.1% 10.6% N/A
2019 N/A -15.9% 33.2% N/A

Total Return Ranking - Trailing

Period AQGX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -44.2% 26.6% 97.05%
1 Yr -7.5% -98.5% 150.0% 56.52%
3 Yr N/A* -74.2% 32.9% 15.05%
5 Yr N/A* -61.2% 22.9% 19.51%
10 Yr N/A* -35.6% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period AQGX Return Category Return Low Category Return High Rank in Category (%)
2023 -29.0% -98.8% 81.6% N/A
2022 N/A -39.5% 48.7% N/A
2021 N/A -13.0% 34.8% N/A
2020 N/A -16.8% 10.6% N/A
2019 N/A -15.9% 35.6% N/A

AQGX - Holdings

Concentration Analysis

AQGX Category Low Category High AQGX % Rank
Net Assets 31.9 M 189 K 222 B 89.67%
Number of Holdings 41 2 3509 73.06%
Net Assets in Top 10 8.19 M -1.37 M 104 B 92.79%
Weighting of Top 10 0.27% 9.4% 100.0% 97.46%

Top 10 Holdings

  1. Eli Lilly and Co 3.51%
  2. Lockheed Martin Corp 3.31%
  3. UnitedHealth Group Inc 3.25%
  4. Coca-Cola Co 3.08%
  5. Procter & Gamble Co 2.96%
  6. The Trade Desk Inc Class A 2.91%
  7. Apple Inc 2.81%
  8. Visa Inc Class A 2.78%
  9. Abbott Laboratories 2.74%
  10. Fair Isaac Corp 2.73%

Asset Allocation

Weighting Return Low Return High AQGX % Rank
Cash 		99.12% -10.83% 87.35% 99.62%
Stocks 		0.88% 0.00% 107.71% 0.08%
Preferred Stocks 		0.00% 0.00% 4.41% 50.04%
Other 		0.00% -2.66% 17.15% 99.31%
Convertible Bonds 		0.00% 0.00% 1.94% 46.89%
Bonds 		0.00% -1.84% 98.58% 3.30%

Stock Sector Breakdown

Weighting Return Low Return High AQGX % Rank
Utilities 		0.00% 0.00% 16.07% 26.27%
Technology 		0.00% 0.00% 69.82% 60.29%
Real Estate 		0.00% 0.00% 29.57% 21.97%
Industrials 		0.00% 0.00% 30.65% 62.67%
Healthcare 		0.00% 0.00% 39.76% 16.90%
Financial Services 		0.00% 0.00% 43.06% 34.79%
Energy 		0.00% 0.00% 41.09% 52.00%
Communication Services 		0.00% 0.00% 66.40% 72.43%
Consumer Defense 		0.00% 0.00% 25.50% 3.92%
Consumer Cyclical 		0.00% 0.00% 62.57% 67.90%
Basic Materials 		0.00% 0.00% 22.00% 72.27%

Stock Geographic Breakdown

Weighting Return Low Return High AQGX % Rank
US 		0.88% 0.00% 105.43% 0.08%
Non US 		0.00% 0.00% 54.22% 57.64%

AQGX - Expenses

Operational Fees

AQGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.01% 0.01% 7.09% 40.22%
Management Fee 0.01% 0.00% 1.50% 92.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

AQGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AQGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 5.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AQGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 316.74% N/A

AQGX - Distributions

Dividend Yield Analysis

AQGX Category Low Category High AQGX % Rank
Dividend Yield 0.00% 0.00% 19.33% 53.28%

Dividend Distribution Analysis

AQGX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Annually

Net Income Ratio Analysis

AQGX Category Low Category High AQGX % Rank
Net Income Ratio N/A -6.13% 2.90% N/A

Capital Gain Distribution Analysis

AQGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

AQGX - Fund Manager Analysis

Managers

Scott Wetherington

Start Date

Tenure

Tenure Rank

Oct 17, 2013

8.62

8.6%

Scott is an accomplished member of the Cavalier team with 25 years of experience in portfolio management, research and investment strategies. Scott serves as Chief Investment Officer and is responsible for leading the research and investment strategies for Cavalier’s Mutual Funds. He also serves as Portfolio Manager for Cavalier’s Tactical Economic SMA, Cavalier Tactical Economic Fund, Cavalier Hedged High Income Fund and the NE Index Fund. Prior to Cavalier, Scott served as Senior Portfolio Manager and Chief Investment Strategist for Linder Capital Advisors. Scott is a frequent speaker at conferences on Portfolio Management and has been honored as a guest speaker at Georgia Institute of Technology. Scott earned his Bachelor of Business Administration at James Madison University. He resides in Georgia with his family. Scott also holds the Chartered Financial Analyst designation (CFA) and is a member of the Atlanta Society of Finance and Investment Professionals.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.09 2.92

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