Dividend Investing Ideas Center
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 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
2.1%
1 yr return
3.4%
3 Yr Avg Return
-0.4%
5 Yr Avg Return
-2.4%
Net Assets
$101 M
Holdings in Top 10
75.0%
Expense Ratio 2.19%
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 10/04/2024Price
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 invests primarily in income-producing securities. The Fund does so indirectly through exchange-traded funds (ETFs), and other closed-end and open-end investment companies that themselves primarily invest in income-producing securities. The underlying income-producing securities to which the Fund seeks to gain exposure primarily include U.S. government securities, corporate debt obligations, foreign debt securities (including emerging markets), and bonds in the lowest credit rating category, also called junk bonds, convertible bonds, preferred stocks, common stocks, master limited partnerships (MLPs), and real estate investment trusts (REITs). The Fund may also invest directly in these types of securities. The Fund may invest in fixed-income securities without any restriction on maturity. The Fund may gain exposure to income securities by using inverse and/or leveraging instruments: leveraged ETF positions, futures contracts, forward contracts, options, and swap agreements, regardless of whether they generate income or dividends, and may invest up to 80% of its assets in short positions. The Fund employs short positions for hedging purposes or to capture returns in down markets.
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 all or part of the Fund assets in short-term and ultra-short-term ETFs and for temporary defensive purposes, the Fund may invest all or part of the Fund assets in cash and/or cash equivalents.
In managing the Funds assets, the Subadviser employs a dynamic asset allocation strategy. The Subadviser analyzes the overall investment opportunities of various fixed-income investments 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 time 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 weekly based on its allocation rankings but may reallocate more or 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. 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 | QBDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -8.0% | 14.8% | 95.10% |
1 Yr | 3.4% | -5.8% | 30.2% | 96.78% |
3 Yr | -0.4%* | -16.8% | 16.8% | 84.75% |
5 Yr | -2.4%* | -14.0% | 14.3% | 94.58% |
10 Yr | N/A* | -6.8% | 6.9% | N/A |
* Annualized
Period | QBDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.0% | -12.0% | 15.7% | 90.06% |
2022 | -4.7% | -31.8% | 18.4% | 6.27% |
2021 | -1.2% | -16.2% | 25.7% | 43.60% |
2020 | -9.8% | -31.1% | 18.7% | 95.60% |
2019 | 8.8% | -6.1% | 15.3% | 7.60% |
Period | QBDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -8.0% | 14.8% | 95.10% |
1 Yr | 3.4% | -5.8% | 30.2% | 96.78% |
3 Yr | -0.4%* | -16.8% | 16.8% | 84.75% |
5 Yr | -2.4%* | -14.0% | 14.3% | 94.58% |
10 Yr | N/A* | -6.8% | 6.9% | N/A |
* Annualized
Period | QBDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.6% | -6.9% | 22.2% | 93.73% |
2022 | -4.7% | -31.8% | 21.1% | 24.29% |
2021 | -1.2% | -13.5% | 49.9% | 88.17% |
2020 | -9.8% | -28.6% | 24.1% | 98.77% |
2019 | 9.7% | -4.8% | 19.1% | 40.68% |
QBDAX | Category Low | Category High | QBDAX % Rank | |
---|---|---|---|---|
Net Assets | 101 M | 2.53 M | 143 B | 84.25% |
Number of Holdings | 45 | 4 | 9195 | 89.97% |
Net Assets in Top 10 | 84.9 M | -204 M | 80.4 B | 66.20% |
Weighting of Top 10 | 74.96% | 6.2% | 209.5% | 13.22% |
Weighting | Return Low | Return High | QBDAX % Rank | |
---|---|---|---|---|
Stocks | 86.89% | -4.92% | 99.66% | 6.17% |
Cash | 13.24% | -94.66% | 91.07% | 12.65% |
Convertible Bonds | 0.23% | 0.00% | 33.50% | 74.01% |
Preferred Stocks | 0.00% | 0.00% | 26.42% | 58.18% |
Bonds | 0.00% | 0.00% | 192.97% | 93.06% |
Other | -0.13% | -73.61% | 112.16% | 89.97% |
Weighting | Return Low | Return High | QBDAX % Rank | |
---|---|---|---|---|
Energy | 27.56% | 0.00% | 100.00% | 31.91% |
Industrials | 17.36% | 0.00% | 100.00% | 9.69% |
Consumer Defense | 15.70% | 0.00% | 99.97% | 6.84% |
Healthcare | 12.47% | 0.00% | 18.60% | 9.97% |
Technology | 9.19% | 0.00% | 28.30% | 21.08% |
Financial Services | 5.59% | 0.00% | 100.00% | 43.87% |
Consumer Cyclical | 4.77% | 0.00% | 89.95% | 25.07% |
Communication Services | 2.38% | 0.00% | 100.00% | 34.47% |
Basic Materials | 2.10% | 0.00% | 100.00% | 29.91% |
Real Estate | 1.46% | 0.00% | 100.00% | 39.60% |
Utilities | 1.43% | 0.00% | 100.00% | 37.61% |
Weighting | Return Low | Return High | QBDAX % Rank | |
---|---|---|---|---|
US | 86.89% | -4.84% | 99.66% | 6.17% |
Non US | 0.00% | -0.26% | 17.73% | 45.22% |
QBDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.19% | 0.03% | 20.67% | 14.77% |
Management Fee | 0.75% | 0.00% | 2.29% | 70.14% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 85.71% |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
QBDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.50% | N/A |
QBDAX 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.
QBDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 632.00% | 99.13% |
QBDAX | Category Low | Category High | QBDAX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.53% | 0.00% | 23.30% | 90.67% |
QBDAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
QBDAX | Category Low | Category High | QBDAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.25% | -1.55% | 11.51% | 98.59% |
QBDAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 26, 2023 | $0.214 | OrdinaryDividend |
Dec 26, 2019 | $0.019 | OrdinaryDividend |
Dec 26, 2019 | $0.059 | CapitalGainShortTerm |
Dec 24, 2018 | $0.139 | OrdinaryDividend |
Dec 26, 2017 | $0.104 | OrdinaryDividend |
Dec 27, 2016 | $0.106 | OrdinaryDividend |
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 |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |
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