Q3 All-Weather Tactical Inv
Name
As of 08/29/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-28.8%
1 yr return
-15.7%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$89 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.46%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
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
QAWTX - Profile
Distributions
- YTD Total Return -28.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.71%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameQ3 All-Weather Tactical Fund
-
Fund Family NameQ3 Asset Management Corporation
-
Inception DateDec 30, 2019
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAdam Quiring
Fund Description
Under normal circumstances, the Tactical Fund will invest in shares of other investment companies and similar products that operate as broad-based index exchange-traded funds (ETFs), open-end mutual funds, closed-end funds, and real estate investment trusts (collectively, Portfolio Funds). The Tactical Fund will purchase Portfolio Funds when that Portfolio Funds underlying index (Segment) is anticipated to show strength, and divest when market weakness in that Segment is anticipated. Portfolio Funds will generally consist of equity index funds.
In evaluating a Segments relative strength, the Tactical Fund will measure the performance of that Segments securities against the performance of all other securities in the Tactical Funds investing universe, which will typically encompass all U.S. equity and fixed-income securities, but, depending on market conditions, may also encompass international equity and fixed-income securities. In addition, the Adviser may, from time to time, invest in Portfolio Funds that invest in real estate investment trusts (REITs). Further, the Adviser may invest in inverse ETFs linked to treasury bonds during a rising or anticipated rising interest rate environment in order to attempt to take advantage of falling prices in the bond markets. Generally, such trades are expected to be short term in nature, but the Tactical Fund may hold such positions for longer than one day when the Adviser anticipates prolonged weakness in the bond markets. To the extent that rebalancing of inverse ETFs held by the Tactical Fund does not occur on a daily basis, the effects of compounding returns may cause an inverse ETFs investment results for such periods to substantially vary from 1X of the inverse of the underlying indexs return.
The Tactical Fund will rotate assets into, and out of, positions on a periodic basis, and the Tactical Funds portfolio may therefore be traded frequently.
During certain market conditions, notably those which the Tactical Fund deems to be relatively unattractive for equities (based on its quantitative indicators such as simple moving averages, trend indicators, and volatility measures), the Tactical 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 Tactical Funds portfolio holding Portfolio Funds across both equities and fixed-income securities simultaneously. The Tactical Fund may indirectly invest in equity securities of all capitalization ranges and in fixed-income securities of all credit qualities.
QAWTX - Performance
Return Ranking - Trailing
Period | QAWTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -28.8% | -38.7% | 4.8% | 97.01% |
1 Yr | -15.7% | -32.3% | 15.5% | 94.36% |
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 | QAWTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.4% | -19.0% | 48.3% | 28.29% |
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 | QAWTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -28.8% | -38.7% | 5.1% | 96.64% |
1 Yr | -15.7% | -32.3% | 15.5% | 93.23% |
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 | QAWTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.4% | -19.0% | 48.3% | 27.91% |
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
QAWTX - Holdings
Concentration Analysis
QAWTX | Category Low | Category High | QAWTX % Rank | |
---|---|---|---|---|
Net Assets | 89 M | 1.96 M | 15.7 B | 62.45% |
Number of Holdings | 3 | 2 | 3255 | 97.03% |
Net Assets in Top 10 | 91.2 M | 349 K | 12.1 B | 50.93% |
Weighting of Top 10 | 100.00% | 22.2% | 100.0% | 2.14% |
Top 10 Holdings
- First American Government Obligs X 3.20%
Asset Allocation
Weighting | Return Low | Return High | QAWTX % Rank | |
---|---|---|---|---|
Bonds | 96.68% | 0.00% | 194.08% | 5.58% |
Cash | 3.32% | -163.86% | 88.88% | 67.66% |
Stocks | 0.00% | 0.00% | 238.38% | 92.19% |
Preferred Stocks | 0.00% | 0.00% | 6.21% | 31.60% |
Other | 0.00% | -72.87% | 73.78% | 66.91% |
Convertible Bonds | 0.00% | 0.00% | 8.92% | 56.13% |
Bond Sector Breakdown
Weighting | Return Low | Return High | QAWTX % Rank | |
---|---|---|---|---|
Government | 96.68% | 0.00% | 99.78% | 4.09% |
Cash & Equivalents | 3.32% | 0.22% | 100.00% | 92.94% |
Derivative | 0.00% | 0.00% | 72.21% | 49.44% |
Securitized | 0.00% | 0.00% | 52.99% | 50.56% |
Corporate | 0.00% | 0.00% | 98.28% | 69.89% |
Municipal | 0.00% | 0.00% | 19.13% | 37.55% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | QAWTX % Rank | |
---|---|---|---|---|
US | 96.68% | -17.22% | 123.28% | 3.72% |
Non US | 0.00% | -2.67% | 70.80% | 72.86% |
QAWTX - Expenses
Operational Fees
QAWTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.46% | 0.44% | 3.72% | 11.94% |
Management Fee | 1.00% | 0.00% | 1.50% | 66.54% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 36.16% |
Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
QAWTX 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
QAWTX 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.
QAWTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 441.00% | N/A |
QAWTX - Distributions
Dividend Yield Analysis
QAWTX | Category Low | Category High | QAWTX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.02% | 48.33% |
Dividend Distribution Analysis
QAWTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
QAWTX | Category Low | Category High | QAWTX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.71% | -2.12% | 13.72% | 97.35% |
Capital Gain Distribution Analysis
QAWTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
QAWTX - Fund Manager Analysis
Managers
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.
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.83 | 6.5 | 13.0 |