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Trending ETFs

Name

As of 08/29/2022

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

$8.93

$89 M

0.00%

2.46%

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

$9.0
$8.84
$13.85

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 08/29/2022

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

$8.93

$89 M

0.00%

2.46%

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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Q3 All-Weather Tactical Fund
  • Fund Family Name
    Q3 Asset Management Corporation
  • Inception Date
    Dec 30, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Adam 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 Fund’s 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 Segment’s relative strength, the Tactical Fund will measure the performance of that Segment’s securities against the performance of all other securities in the Tactical Fund’s 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 ETF’s investment results for such periods to substantially vary from 1X of the inverse of the underlying index’s return.

The Tactical Fund will rotate assets into, and out of, positions on a periodic basis, and the Tactical Fund’s 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 Fund’s 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.

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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

  1. 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

Distributions History

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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