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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 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
7.9%
1 yr return
10.2%
3 Yr Avg Return
0.8%
5 Yr Avg Return
3.4%
Net Assets
$11.1 M
Holdings in Top 10
42.6%
Expense Ratio 2.70%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$10,000
IRA
$10,000
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Funds investment adviser, Advisors Preferred, LLC (the Adviser), delegates execution of the Funds investment strategy to the Subadviser, Flexible Plan Investments, Ltd. (FPI or the Subadviser). The Subadviser selects investments for the Fund and provides trade placement for fixed income instruments, including cash equivalents. The Adviser provides trade placement for non-fixed income instruments. The Fund is aggressively managed by FPI. The Fund will primarily invest indirectly in alternative investments by using exchange-traded funds (ETFs), open-end mutual funds and other investment companies. The Subadviser defines Alternative Investment as any security or instrument that it expects to have returns with a low or negative return correlation with the S&P 500® Index over time. Furthermore, the term Alternative Investment in the Funds name also refers to the non-traditional types of equity (i.e., other than common stocks expected to have returns highly correlated to the S&P 500® Index over time) and debt securities in which the Fund may invest and to which the Fund may gain exposure through investments in ETFs, open-end mutual funds and other investment companies. Investments in ETFs, Unit Investment Trusts (UITs) and investment companies may include those investing (passively or actively) in equity, income, commodities, sectors, domestic, international, currency, inverse and/or leveraged positions and alternative investments, including non-principal positions relating to companies with small (less than $2 billion) or medium ($2 to $5 billion) market capitalization. The Fund invests in fixed-income securities without any restriction on maturity. The alternative investments provide the Fund exposure to dynamic market strategies, which utilize U.S. and foreign dividend-paying equities or interest-bearing fixed income securities having a low or negative correlation with the S&P 500® Index, including U.S. dollar-denominated corporate obligations, mortgage and asset-backed securities, commodities, currencies and foreign (including emerging markets) and domestic securities. The Fund also may invest in leveraging instruments: futures contracts, forward contracts, options and swap agreements, and may take short positions with up to 80% of its asset in income generating equity or alternative securities, futures contracts, forward contracts, options and swap agreements relating thereto. The Fund may also use borrowing to leverage the portfolio and manage cash flows. The Fund employs short positions for hedging purposes or to capture returns in down markets. The Fund may gain exposure without limitation to securities rated below investment grade or junk bonds, including bonds in the lowest credit rating category. The Fund may also invest to gain indirect exposure to Bitcoin, through Bitcoin futures contracts and shares of Bitcoin-linked funds such as Grayscale® Bitcoin Trust. The Fund limits investment in Grayscale ® Bitcoin Trust shares to 15% of total assets but does not limit Bitcoin-linked ETFs and mutual funds. Grayscale® Bitcoin Trust is a Delaware statutory trust that holds Bitcoin and issues common units of fractional undivided beneficial interest (shares) that trade in the over-the-counter market. The Fund employs an aggressive management strategy that typically results in high portfolio turnover. As part of its principal investment strategy the Fund may invest significantly in cash and/or cash equivalents.
The Fund will invest up to 25% of its total assets in a wholly owned and controlled subsidiary (the Subsidiary). The Subsidiary is expected to provide the Fund with indirect exposure to certain instruments such as Bitcoin futures within the limitations of the federal tax requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the code). The Subsidiary will invest primarily in commodities and Bitcoin-related instruments. The Funds investments will be composed primarily of securities, even when viewing the Subsidiary on a consolidated basis. The Subsidiary, when viewed from a consolidated basis, is subject to the same investment restrictions as the Fund.
In managing the Funds assets, the Subadviser employs a dynamic asset allocation strategy. The Subadviser analyzes the overall investment opportunities of various alternative securities and market sectors to determine how to position the Funds portfolio. The Subadviser evaluates and ranks the short-term to intermediate-term performance of each investment and invests in those securities that best fit the percentage allocations deemed beneficial by the Subadvisers multiple proprietary algorithms.
The Subadviser typically assigns each investment in which it invests a minimum holding period, though an investments actual holding period and allocation weighting will depend on its performance ranking. The allocation weightings will likely not be changed for a period longer than the assigned holding period. By establishing holding periods, the Subadviser seeks to maintain longer-term core holdings in the Fund. The Subadviser generally evaluates all investments daily based on its allocation rankings but may reallocate less often to minimize the impact and costs associated with trading. Finally, in making the decision to invest in a security, long or short, the Subadviser may utilize proprietary and third-party analysis models that evaluate interest rate trends and other macroeconomic data, market momentum, price patterns and other technical data or data related to accounting periods, tax events and other calendar-related events. The Subadviser also uses these proprietary analysis models to implement its dynamic asset allocation strategy which, at any time, may result in a large portion or all of the funds assets invested, directly or indirectly, in investment grade fixed income securities, cash and/or cash equivalents in order to seek to provide security of principal, current income and liquidity. In addition, the Subadviser uses the Fund as an asset allocation tool for its other clients, which may lead to purchases and redemptions of Fund shares. Responding to purchase and redemption related fluctuations in the Funds size will result in portfolio turnover not directly related to the preceding investment analysis.
Period | QALTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.9% | -73.0% | 19.4% | 10.39% |
1 Yr | 10.2% | -9.1% | 86.9% | 11.27% |
3 Yr | 0.8%* | -9.5% | 16.2% | 35.74% |
5 Yr | 3.4%* | -4.9% | 14.4% | 27.80% |
10 Yr | 2.3%* | -0.9% | 7.5% | N/A |
* Annualized
Period | QALTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.1% | -22.7% | 305.1% | 59.26% |
2022 | -9.7% | -9.8% | 27.3% | 23.39% |
2021 | -0.9% | -20.8% | 10.9% | 79.11% |
2020 | 1.0% | -12.4% | 29.4% | 2.97% |
2019 | 8.3% | -10.5% | 15.8% | 60.73% |
Period | QALTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.9% | -73.0% | 19.4% | 10.39% |
1 Yr | 10.2% | -13.4% | 86.9% | 10.55% |
3 Yr | 0.8%* | -9.5% | 16.2% | 32.93% |
5 Yr | 3.4%* | -5.3% | 14.4% | 25.11% |
10 Yr | 2.3%* | -0.9% | 7.5% | N/A |
* Annualized
Period | QALTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.4% | -22.7% | 305.1% | 59.26% |
2022 | -8.1% | -9.8% | 27.3% | 23.79% |
2021 | 11.8% | -20.8% | 10.9% | 82.22% |
2020 | 1.0% | -8.4% | 29.4% | 8.91% |
2019 | 9.9% | -10.2% | 18.0% | 72.25% |
QALTX | Category Low | Category High | QALTX % Rank | |
---|---|---|---|---|
Net Assets | 11.1 M | 1.5 M | 5.01 B | 95.20% |
Number of Holdings | 53 | 4 | 4478 | 80.21% |
Net Assets in Top 10 | 12 M | -398 M | 2.55 B | 78.80% |
Weighting of Top 10 | 42.60% | 13.1% | 100.0% | 43.58% |
Weighting | Return Low | Return High | QALTX % Rank | |
---|---|---|---|---|
Stocks | 92.11% | -3.75% | 97.95% | 0.71% |
Cash | 7.82% | -6278.21% | 410.43% | 92.23% |
Convertible Bonds | 1.25% | 0.00% | 87.92% | 4.95% |
Other | 0.08% | -21.53% | 148.54% | 45.58% |
Preferred Stocks | 0.00% | -0.12% | 46.97% | 7.77% |
Bonds | 0.00% | -326.45% | 6347.80% | 83.04% |
Weighting | Return Low | Return High | QALTX % Rank | |
---|---|---|---|---|
Basic Materials | 24.02% | 0.00% | 27.46% | 0.79% |
Consumer Defense | 23.77% | 0.00% | 13.62% | 87.01% |
Energy | 22.06% | 0.00% | 100.00% | 79.13% |
Technology | 6.55% | 0.00% | 39.58% | 49.21% |
Financial Services | 5.42% | 0.00% | 59.28% | 98.03% |
Consumer Cyclical | 5.26% | 0.00% | 29.09% | 22.05% |
Healthcare | 5.21% | 0.00% | 45.63% | 90.16% |
Industrials | 4.22% | 0.00% | 21.45% | 85.04% |
Communication Services | 1.94% | 0.00% | 21.78% | 8.27% |
Real Estate | 0.89% | 0.00% | 51.26% | 71.26% |
Utilities | 0.66% | 0.00% | 9.23% | 29.13% |
Weighting | Return Low | Return High | QALTX % Rank | |
---|---|---|---|---|
US | 92.11% | -8.85% | 91.88% | 1.41% |
Non US | 0.00% | -19.62% | 42.11% | 8.13% |
QALTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.70% | 0.29% | 31.15% | 70.50% |
Management Fee | 0.75% | 0.00% | 2.50% | 26.50% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 52.70% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
QALTX 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 |
QALTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
QALTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 491.00% | 98.07% |
QALTX | Category Low | Category High | QALTX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.29% | 0.00% | 4.56% | 63.25% |
QALTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
QALTX | Category Low | Category High | QALTX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.43% | -2.51% | 6.83% | 44.60% |
QALTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 26, 2023 | $0.315 | OrdinaryDividend |
Dec 27, 2022 | $0.155 | OrdinaryDividend |
Dec 28, 2021 | $0.159 | OrdinaryDividend |
Dec 28, 2021 | $0.984 | CapitalGainShortTerm |
Dec 28, 2021 | $0.126 | CapitalGainLongTerm |
Dec 26, 2019 | $0.143 | OrdinaryDividend |
Dec 24, 2018 | $0.006 | OrdinaryDividend |
Dec 26, 2017 | $0.105 | CapitalGainShortTerm |
Dec 26, 2017 | $0.052 | CapitalGainLongTerm |
Dec 26, 2017 | $0.156 | OrdinaryDividend |
Dec 27, 2016 | $0.003 | OrdinaryDividend |
Dec 28, 2015 | $0.076 | CapitalGainLongTerm |
Dec 28, 2015 | $0.042 | OrdinaryDividend |
Dec 26, 2014 | $0.853 | CapitalGainShortTerm |
Dec 26, 2014 | $0.232 | CapitalGainLongTerm |
Dec 26, 2013 | $0.055 | OrdinaryDividend |
Dec 26, 2013 | $0.143 | CapitalGainShortTerm |
Dec 26, 2013 | $0.034 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Aug 09, 2013
8.81
8.8%
Jerry C. Wagner, JD is President and Chief Investment Officer of Flexible Plan Investments, Ltd. Mr. Wagner was born on May 7, 1947. He holds the degree of Juris Doctor awarded by the University of Michigan in 1973 and degrees of Masters in Labor & Industrial Relations (1970) and Bachelor of Arts (1969) from Michigan State University. Mr. Wagner has been a member of the State Bar of Michigan since 1973. He has been the principal investment adviser representative for Flexible Plan Investments, Ltd. since 1981. Mr. Wagner has a Series 65. His business experience for the last 5 years is as follows: Flexible Plan Investments, Ltd. Investment Adviser
Start Date
Tenure
Tenure Rank
Mar 12, 2018
4.22
4.2%
Jason Teed, CFA, MFS, Director of Research and Senior Portfolio Manager. Mr Teed was born May 21, 1984. He holds a Masters in Finance degree from the Walsh College, and a Bachelor of Arts degree from the University of Michigan. Mr. Teed joined Flexible Plan Investments, Ltd. as an Investment Associate in February 2011. He holds the designation of Chartered Financial Analyst (CFA) Flexible Plan Investments, Ltd. Investment Adviser Director of Research
Start Date
Tenure
Tenure Rank
Oct 31, 2019
2.58
2.6%
Timothy Hanna, has served as the Subadviser’s Senior Portfolio Manager since January 2014. Before joining the Subadviser, he was an institutional fixed-income manager at Multi-Bank Securities and previously a derivatives trader. Mr. Hanna is responsible for performing applied economic and quantitative research for the Subadviser’s strategies and mutual funds. He reviews new and existing strategies, ensuring that algorithms perform within expectations, providing modifications to achieve best execution and efficient implementation. Mr. Hanna has a bachelor’s degree in accounting from Wayne State University and a master’s degree in finance from Walsh College. He holds the designations of Chartered Financial Analyst (CFA) and Certified Fixed-Income Practitioner (CFIP).
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.37 | 4.48 | 1.67 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...