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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
3.4%
1 yr return
7.0%
3 Yr Avg Return
-5.5%
5 Yr Avg Return
N/A
Net Assets
$21.6 M
Holdings in Top 10
105.1%
Expense Ratio 1.74%
Front Load N/A
Deferred Load N/A
Turnover 59.13%
Redemption Fee N/A
Standard (Taxable)
$5,000
IRA
$1,000
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund seeks to achieve its investment objective by investing primarily in a portfolio of exchange-traded funds (ETFs) and equity index futures. The Fund implements a quantitative trend-following strategy by generally holding long positions in S&P 500® Index ETF(s) and equity index futures that provide either long and/or short exposure to the equity markets. The Funds ETF investments will typically consist of ETFs that have the S&P 500® Index as the reference index. The reference index and corresponding ETF investment(s) may be market cap or equal weighted. Alpha Fiduciary, Inc., the Funds investment adviser (the Adviser), has developed a quantitative trend-following strategy that is designed to determine the Funds exposure to the equity markets, adjusting that exposure from approximately -105% to 165% at the time of purchase or sale. The exposure to the equity markets may move outside the range of -105% to 165% due to market changes and shareholder transactions. The Adviser will use one or more sets of data inputs in its model as well as the corresponding ETF(s) which they believe most appropriate for the prevailing market conditions. As a result of the Funds use of derivatives, the Fund may also hold significant amounts of U.S. Treasuries or short-term investments, including money market funds, cash and time deposits.
The Advisers quantitative strategy seeks to identify price trends in the equity markets as indicated by the S&P 500® reference index. The quantitative investment model uses past asset prices and other market information to seek to determine the direction of the price trend in the S&P 500® reference index. The investment model tends to overweight the equity markets as the market moves towards the upper end of its intermediate trading range and underweight the equity markets when the market trades toward the lower end of its intermediate trading range. For certain months where market events produce large upward or downward price patterns, the quantitative model is designed to adjust the Funds exposure to the equity markets accordingly (i.e., greater exposure when market is moving up and less exposure when market is moving down).
Based on the signals being received from the quantitative investment model, the Fund will generally take a long or short position in S&P 500® equity index futures. Stock index futures are contracts based on the future value of the basket of securities that comprise the underlying stock index (e.g. S&P 500® Index). The Funds long positions will benefit from an increase in price of the S&P 500®, while short positions benefit from a decrease in price of the S&P 500®. The Fund adjusts its equity index futures exposure based on the strength of signals from the quantitative investment model. The Adviser may, in its discretion, override or modify its quantitative investment model and rely solely on its own proprietary research.
The Fund is a "non-diversified" fund, which means it can invest in fewer securities at any one time than a diversified fund and can invest more of its assets in securities of a single issuer than a diversified fund. The Fund may invest a significant percentage of its assets in a limited number of securities. Also, the Fund may invest in a limited number of sectors but has no intention to concentrate its investments in any particular
industry. The investment strategy may result in significant short-term trading in the Funds portfolio.
Period | AFQSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -6.4% | 23.4% | 89.86% |
1 Yr | 7.0% | -0.1% | 49.4% | 96.31% |
3 Yr | -5.5%* | -21.5% | 11.3% | 96.28% |
5 Yr | N/A* | -12.0% | 22.9% | N/A |
10 Yr | N/A* | -5.0% | 9.3% | N/A |
* Annualized
Period | AFQSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.1% | -18.9% | 60.2% | 80.56% |
2022 | -22.2% | -48.5% | 0.1% | 82.79% |
2021 | 44.6% | -19.0% | 48.3% | 0.93% |
2020 | N/A | -16.5% | 52.8% | N/A |
2019 | N/A | -8.5% | 26.6% | N/A |
Period | AFQSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -6.4% | 23.4% | 89.86% |
1 Yr | 7.0% | -0.1% | 49.4% | 96.31% |
3 Yr | -5.5%* | -21.5% | 11.3% | 96.28% |
5 Yr | N/A* | -12.0% | 22.9% | N/A |
10 Yr | N/A* | -5.0% | 9.3% | N/A |
* Annualized
Period | AFQSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.1% | -11.7% | 61.8% | 89.35% |
2022 | -22.2% | -48.5% | 4.6% | 89.77% |
2021 | 44.6% | -14.2% | 48.3% | 0.93% |
2020 | N/A | -11.7% | 77.4% | N/A |
2019 | N/A | -3.9% | 28.4% | N/A |
AFQSX | Category Low | Category High | AFQSX % Rank | |
---|---|---|---|---|
Net Assets | 21.6 M | 1.98 M | 12.4 B | 90.32% |
Number of Holdings | 3 | 2 | 2274 | 97.24% |
Net Assets in Top 10 | 24 M | 1.55 M | 9.46 B | 79.72% |
Weighting of Top 10 | 105.06% | 20.8% | 109.8% | 2.76% |
Weighting | Return Low | Return High | AFQSX % Rank | |
---|---|---|---|---|
Stocks | 78.23% | 0.00% | 145.83% | 64.06% |
Other | 19.46% | -29.71% | 135.29% | 2.30% |
Cash | 7.37% | -33.22% | 99.64% | 35.94% |
Preferred Stocks | 0.00% | -0.09% | 5.36% | 54.38% |
Convertible Bonds | 0.00% | 0.00% | 8.92% | 74.65% |
Bonds | 0.00% | 0.00% | 106.59% | 65.44% |
Weighting | Return Low | Return High | AFQSX % Rank | |
---|---|---|---|---|
Technology | 23.42% | 0.00% | 85.77% | 21.86% |
Financial Services | 13.86% | 0.00% | 98.22% | 30.05% |
Healthcare | 12.99% | 0.00% | 38.63% | 40.44% |
Consumer Cyclical | 12.64% | 0.00% | 25.83% | 9.84% |
Communication Services | 9.75% | 0.00% | 21.61% | 13.11% |
Industrials | 9.39% | 0.00% | 23.85% | 45.90% |
Consumer Defense | 6.17% | 0.00% | 37.51% | 55.19% |
Energy | 3.23% | 0.00% | 60.89% | 71.58% |
Real Estate | 3.13% | 0.00% | 99.45% | 50.82% |
Utilities | 2.88% | 0.00% | 91.12% | 53.01% |
Basic Materials | 2.52% | 0.00% | 56.73% | 68.85% |
Weighting | Return Low | Return High | AFQSX % Rank | |
---|---|---|---|---|
US | 78.23% | 0.00% | 145.83% | 59.91% |
Non US | 0.00% | -1.94% | 38.53% | 58.06% |
AFQSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.74% | 0.45% | 10.24% | 50.23% |
Management Fee | 1.00% | 0.00% | 1.50% | 75.58% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 18.06% |
Administrative Fee | 0.07% | 0.05% | 0.70% | 29.79% |
AFQSX 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% | 1.00% | N/A |
AFQSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
AFQSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 59.13% | 1.75% | 441.00% | 31.03% |
AFQSX | Category Low | Category High | AFQSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 24.95% | 92.63% |
AFQSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
AFQSX | Category Low | Category High | AFQSX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.50% | -2.01% | 13.72% | 74.65% |
AFQSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Mr. Anderson is a Managing Director of the Adviser. He is a is a Chartered Financial Analyst (CFA). Mr. Anderson has a Master of Business Administration degree from the University of Utah. Prior to joining the Adviser in 2013, he was a Senior Portfolio Manager with The StoneHarbor Group, LLC (2008-2013); an Executive Manager with Brahma Capital (2006-2008); the CEO of American Medibanc (2002-2006); a Senior Portfolio Manager of Founders Asset Management (1999-2001); and Senior Vice President of First Security Investment Management (1991-1999).
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.83 | 6.67 | 13.0 |
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