Q3 All-Weather Sector Rotation Inv
Name
As of 08/29/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-11.2%
1 yr return
-10.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$4.44 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.51%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 441.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,250
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 08/29/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
QAWSX - Profile
Distributions
- YTD Total Return -11.2%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.53%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameQ3 All-Weather Sector Rotation Fund
-
Fund Family NameQ3 Asset Management Corporation
-
Inception DateDec 30, 2019
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBradford Giaimo
Fund Description
Under normal circumstances, the Sector Rotation Fund will invest in shares of other investment companies and similar products operating as exchange-traded funds (ETFs), open-end mutual funds, and closed-end funds (collectively, Portfolio Funds) in an attempt to invest in sectors and subsectors which have exhibited recent relative performance strength, as evaluated on a monthly basis according to the Advisers proprietary rules-based analytical approach.
In evaluating a sectors or subsectors relative strength, the Sector Rotation Fund will measure the recent performance of that sectors or subsectors securities against the recent performance of other sectors securities in the Sector Rotation Funds investing universe, which encompasses all eleven global industry classification standard (GICS) sectors across global equities and fixed-income securities. The Sector Rotation Fund will seek to invest in those GICS sectors or subsectors which the Adviser identifies as exhibiting relative total return performance strength retrospectively in both the near and long-term. In addition, the Adviser may, from time to time, invest in Portfolio Funds that invest in real estate investment trusts (REITs).
The Sector Rotation Fund will rotate assets into, and out of, sectors and subsector positions on a periodic basis, and the Sector Rotation Funds portfolio may therefore be traded frequently.
During certain market conditions, notably those which the Sector Rotation Fund deems to be relatively unattractive for equities (based on its quantitative indicators such as simple moving averages, trend indicators, and volatility measures), the Sector Rotation Fund may take positions in Portfolio Funds that focus on fixed-income securities as an alternative to equities in an attempt to preserve capital. This may, at times, result in the Sector Rotation Funds portfolio holding Portfolio Funds across both equities and fixed-income securities simultaneously. The Sector Rotation Fund may indirectly invest in equity securities of all capitalization ranges and in debt securities of all credit qualities.
QAWSX - Performance
Return Ranking - Trailing
Period | QAWSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -11.2% | -38.7% | 4.8% | 35.45% |
1 Yr | -10.0% | -32.3% | 15.5% | 82.33% |
3 Yr | N/A* | -2.4% | 24.0% | N/A |
5 Yr | N/A* | -0.9% | 15.2% | N/A |
10 Yr | N/A* | -2.0% | 11.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | QAWSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.6% | -19.0% | 48.3% | 69.77% |
2022 | N/A | -16.5% | 52.8% | N/A |
2021 | N/A | -8.5% | 27.3% | N/A |
2020 | N/A | -29.6% | 1.6% | N/A |
2019 | N/A | -11.6% | 29.4% | N/A |
Total Return Ranking - Trailing
Period | QAWSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -11.2% | -38.7% | 5.1% | 30.97% |
1 Yr | -10.0% | -32.3% | 15.5% | 76.69% |
3 Yr | N/A* | -2.5% | 24.0% | N/A |
5 Yr | N/A* | -1.4% | 15.2% | N/A |
10 Yr | N/A* | -2.0% | 11.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | QAWSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.6% | -19.0% | 48.3% | 69.38% |
2022 | N/A | -16.5% | 52.8% | N/A |
2021 | N/A | -8.5% | 27.3% | N/A |
2020 | N/A | -29.6% | 1.6% | N/A |
2019 | N/A | -5.4% | 29.4% | N/A |
NAV & Total Return History
QAWSX - Holdings
Concentration Analysis
QAWSX | Category Low | Category High | QAWSX % Rank | |
---|---|---|---|---|
Net Assets | 4.44 M | 1.96 M | 15.7 B | 98.88% |
Number of Holdings | 10 | 2 | 3255 | 86.25% |
Net Assets in Top 10 | 5.42 M | 349 K | 12.1 B | 97.77% |
Weighting of Top 10 | 100.00% | 22.2% | 100.0% | 1.71% |
Top 10 Holdings
- First American Government Obligs X 1.00%
Asset Allocation
Weighting | Return Low | Return High | QAWSX % Rank | |
---|---|---|---|---|
Stocks | 48.59% | 0.00% | 238.38% | 49.44% |
Bonds | 38.38% | 0.00% | 194.08% | 40.15% |
Cash | 11.45% | -163.86% | 88.88% | 44.24% |
Convertible Bonds | 1.59% | 0.00% | 8.92% | 9.29% |
Preferred Stocks | 0.00% | 0.00% | 6.21% | 31.23% |
Other | 0.00% | -72.87% | 73.78% | 66.54% |
Stock Sector Breakdown
Weighting | Return Low | Return High | QAWSX % Rank | |
---|---|---|---|---|
Energy | 33.76% | 0.00% | 60.89% | 5.80% |
Healthcare | 17.44% | 0.00% | 38.63% | 22.77% |
Basic Materials | 16.71% | 0.00% | 56.73% | 3.13% |
Utilities | 16.19% | 0.00% | 91.12% | 7.14% |
Consumer Cyclical | 14.80% | 0.00% | 25.83% | 5.80% |
Consumer Defense | 0.85% | 0.00% | 37.51% | 91.07% |
Technology | 0.11% | 0.00% | 85.77% | 91.07% |
Industrials | 0.10% | 0.00% | 23.85% | 94.20% |
Communication Services | 0.04% | 0.00% | 21.61% | 85.71% |
Real Estate | 0.00% | 0.00% | 99.45% | 88.39% |
Financial Services | 0.00% | 0.00% | 98.22% | 91.52% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | QAWSX % Rank | |
---|---|---|---|---|
US | 41.39% | -1.19% | 235.84% | 33.83% |
Non US | 7.20% | -6.82% | 98.11% | 42.75% |
Bond Sector Breakdown
Weighting | Return Low | Return High | QAWSX % Rank | |
---|---|---|---|---|
Government | 45.78% | 0.00% | 99.78% | 31.60% |
Corporate | 31.84% | 0.00% | 98.28% | 16.36% |
Cash & Equivalents | 22.37% | 0.22% | 100.00% | 63.20% |
Securitized | 0.01% | 0.00% | 52.99% | 45.35% |
Derivative | 0.00% | 0.00% | 72.21% | 49.07% |
Municipal | 0.00% | 0.00% | 19.13% | 37.17% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | QAWSX % Rank | |
---|---|---|---|---|
US | 35.91% | -17.22% | 123.28% | 24.16% |
Non US | 2.47% | -2.67% | 70.80% | 53.16% |
QAWSX - Expenses
Operational Fees
QAWSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.51% | 0.44% | 3.72% | 9.70% |
Management Fee | 1.00% | 0.00% | 1.50% | 66.17% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 35.59% |
Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
QAWSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
QAWSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | 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.
QAWSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 441.00% | 0.00% | 441.00% | 98.09% |
QAWSX - Distributions
Dividend Yield Analysis
QAWSX | Category Low | Category High | QAWSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.02% | 47.96% |
Dividend Distribution Analysis
QAWSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
QAWSX | Category Low | Category High | QAWSX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.53% | -2.12% | 13.72% | 96.21% |
Capital Gain Distribution Analysis
QAWSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
QAWSX - Fund Manager Analysis
Managers
Bradford Giaimo
Start Date
Tenure
Tenure Rank
Dec 30, 2019
2.42
2.4%
Brad’s career in the financial industry began in 1982 on the floor of Commodities Exchange in New York City. After two years apprenticing at various wirehouses he was offered the opportunity to work for arguably one of the most successful hedge fund managers of the last three decades, Paul Tudor Jones. While at Tudor Investment Corporation (1984-87) his understanding of the markets grew exponentially. After a year of trading proprietary funds for Tudor, he left the firm and became an independent trader in the Dollar Index pit. The next 12 years were spent honing his trading skills and learning first-hand the importance of risk management. In 2003 he moved to Bloomfield Hills, Michigan where the concept for Q3 began. He is a graduate of the University of Hartford and holds the Series 3 (inactive) and 65 licenses.
Adam Quiring
Start Date
Tenure
Tenure Rank
Dec 30, 2019
2.42
2.4%
Adam brings a wealth of knowledge and experience to the team at Q3 Asset Management. He has spent the last 10 years of his career working for both traditional and alternative investment firms. Throughout this time, his efforts have focused upon providing a diverse blend of quantitative investment strategies to the retail investment advisory community. Adam began his career on the floor of the Chicago Board Options Exchange, where he worked for a proprietary trading group specializing in equity options. He graduated from Northern Michigan University with a degree in Business and holds the Series 65 license.
Bruce Greig
Start Date
Tenure
Tenure Rank
Dec 30, 2019
2.42
2.4%
Bruce is a seasoned portfolio manager. He has spent the last 25 years developing and managing traditional and alternative investment strategies. He is a firm believer in the effectiveness of diversifying among investment approaches. Bruce serves as the Director of Research at Q3 Asset Management where he heads up the firm’s strategy development. Bruce’s previous experience includes serving as the Associate Investment Officer for a $1 billion+ Registered Investment Advisor, and Portfolio Manager for an alternativeasset investment advisor. He is a graduate of the University of Michigan with degrees in mathematics and statistics and has a Masters of Business Administration from the Ross School of Business at the University of Michigan. He is a Chartered Financial Analyst, Chartered Alternative Investment Analyst, and Chartered Market Technician.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.83 | 6.5 | 13.0 |