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Trending ETFs

Quantified Market Leaders Fund

mutual fund
QMLAX
Payout Change
Pending
Price as of:
$10.44 -0.21 -1.97%
primary theme
Tactical Allocation
share class
QMLAX (Mutual Fund)

Quantified Market Leaders Fund

Payout Change
Pending
Price as of:
$10.44 -0.21 -1.97%
primary theme
Tactical Allocation
share class
QMLAX (Mutual Fund)

Quantified Market Leaders Fund

Payout Change
Pending
Price as of:
$10.44 -0.21 -1.97%
primary theme
Tactical Allocation
share class

Name

As of 10/01/2024

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

$10.44

$206 M

1.39%

$0.15

2.11%

Vitals

YTD Return

4.0%

1 yr return

18.5%

3 Yr Avg Return

-2.9%

5 Yr Avg Return

10.9%

Net Assets

$206 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$10.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.11%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

$10,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/01/2024

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

$10.44

$206 M

1.39%

$0.15

2.11%

QMLAX - Profile

Distributions

  • YTD Total Return 4.0%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return 10.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.48%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Quantified Market Leaders Fund
  • Fund Family Name
    Quantified Funds
  • Inception Date
    Mar 18, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jerry Wagner

Fund Description

The Fund’s investment adviser, Advisors Preferred, LLC (the “Adviser”), delegates execution of the Fund’s 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 the Subadviser. The Fund will typically invest primarily in equity (common and preferred stocks) or investment grade fixed income securities either directly through individual stocks and American Depositary Receipts (a security that trades in the U.S. financial markets representing a security of a non-U.S. company) (“ADRs”) or indirectly through exchange-traded funds (“ETFs”) and other investment companies. The Fund invests in fixed-income securities without any restriction on maturity. Investments in ETFs and other investment companies may provide the Fund exposure to equity, income, sectors, subsectors, domestic positions and international positions (including emerging markets), including positions relating to companies with small (less than $2 billion) and/or medium ($2 to $5 billion) market capitalization. Leveraged and/or inverse ETFs may also be used. The Fund also may invest in leveraging instruments: futures contracts, forward contracts, options and swap agreements, as well as take short positions with up to 80% of its assets in equity securities, futures contracts, forward contracts, options and swap agreements. The Fund may employ 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.

The Subadviser defines a market leader as an asset class that has the highest price momentum (such as mid-cap equity compared to all equities). The Subadviser measures asset class price momentum by reference to an ETF that is representative of the asset class. Among representative ETFs, the Subadviser selects those with the highest price momentum, when compared to other ETFs in the asset class. In managing the Fund’s assets, the Subadviser employs a dynamic asset allocation strategy. The Subadviser analyzes the overall investment opportunities of various market indexes to determine how to position the Fund’s portfolio. The Subadviser evaluates and ranks the short-term total return performance of each market index and usually invests the Fund’s assets in the top-performing equity securities within the top-ranked market indexes in accordance with Subadviser and third-party algorithms. The Subadviser may evaluate all indexes and individual equity securities as often as daily based on rankings, but it may reallocate less often in order to minimize the impact and costs associated with trading. The Subadviser’s ranking strategy attempts to respond to both the performance of each equity security, as well as the performance of the market indices.

The Subadviser typically assigns each investment in which it invests a minimum holding period, though the actual holding period and allocation weightings will depend on the 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.

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 and volatility patterns and other technical data or data related to accounting periods, tax events and other calendar-related events. The Subadviser also uses these proprietary and third-party analysis models to implement its dynamic asset allocation strategy which, at any time for defensive purposes, may result in a large portion or all of the fund’s 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 Fund’s size will result in portfolio turnover not directly related to the preceding investment analysis.

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QMLAX - Performance

Return Ranking - Trailing

Period QMLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% -6.1% 24.7% 85.25%
1 Yr 18.5% -3.9% 51.5% 31.80%
3 Yr -2.9%* -18.9% 12.4% 91.63%
5 Yr 10.9%* -11.6% 24.5% 6.90%
10 Yr N/A* -4.5% 10.1% N/A

* Annualized

Return Ranking - Calendar

Period QMLAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.8% -18.9% 60.2% 15.28%
2022 -24.1% -48.5% 0.1% 89.77%
2021 -10.5% -19.0% 48.3% 93.46%
2020 25.5% -16.5% 52.8% 3.43%
2019 25.5% -8.5% 26.6% 2.51%

Total Return Ranking - Trailing

Period QMLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% -6.1% 24.7% 85.25%
1 Yr 18.5% -3.9% 51.5% 31.80%
3 Yr -2.9%* -18.9% 12.4% 91.63%
5 Yr 10.9%* -11.6% 24.5% 6.90%
10 Yr N/A* -4.5% 10.1% N/A

* Annualized

Total Return Ranking - Calendar

Period QMLAX Return Category Return Low Category Return High Rank in Category (%)
2023 14.5% -11.7% 61.8% 20.37%
2022 -24.1% -48.5% 4.6% 93.49%
2021 12.6% -14.2% 48.3% 41.59%
2020 37.3% -11.7% 77.4% 4.41%
2019 25.5% -3.9% 28.4% 6.03%

NAV & Total Return History


QMLAX - Holdings

Concentration Analysis

QMLAX Category Low Category High QMLAX % Rank
Net Assets 206 M 1.98 M 12.3 B 49.31%
Number of Holdings 13 2 2274 83.87%
Net Assets in Top 10 185 M 1.55 M 9.46 B 42.40%
Weighting of Top 10 99.96% 20.8% 109.8% 10.60%

Top 10 Holdings

  1. SPDR SP 500 ETF 39.13%
  2. ISHARES MSCI EME 24.25%
  3. VANGUARD INF T E 19.62%
  4. FID-MM GOVT-I 7.19%
  5. FRST AM-GV OB-Z 7.19%
  6. ISHARES TR RUS 1 GRW 1.90%
  7. ISHARES TR RUS 1 GRW 0.37%
  8. SELECT SECTOR SPDR T 0.25%
  9. ISHARES TR RUS 2 GRW 0.06%
  10. MOUNT VERNON LIQUID ASSETS PORTFOLIO 0.00%

Asset Allocation

Weighting Return Low Return High QMLAX % Rank
Stocks
83.00% 0.00% 145.83% 58.53%
Cash
14.59% -33.22% 99.64% 26.73%
Preferred Stocks
0.00% -0.09% 5.36% 77.42%
Other
0.00% -29.71% 135.29% 79.72%
Convertible Bonds
0.00% 0.00% 8.92% 88.48%
Bonds
0.00% 0.00% 106.59% 82.03%

Stock Sector Breakdown

Weighting Return Low Return High QMLAX % Rank
Healthcare
30.63% 0.00% 38.63% 2.19%
Real Estate
28.19% 0.00% 99.45% 7.65%
Financial Services
9.29% 0.00% 98.22% 67.76%
Technology
8.77% 0.00% 85.77% 81.42%
Industrials
6.10% 0.00% 23.85% 73.77%
Consumer Cyclical
3.82% 0.00% 25.83% 75.96%
Consumer Defense
3.15% 0.00% 37.51% 82.51%
Utilities
2.83% 0.00% 91.12% 55.19%
Communication Services
2.81% 0.00% 21.61% 68.85%
Energy
2.46% 0.00% 60.89% 78.14%
Basic Materials
1.95% 0.00% 56.73% 79.78%

Stock Geographic Breakdown

Weighting Return Low Return High QMLAX % Rank
US
83.00% 0.00% 145.83% 54.38%
Non US
0.00% -1.94% 38.53% 78.80%

QMLAX - Expenses

Operational Fees

QMLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.11% 0.45% 10.24% 34.10%
Management Fee 0.75% 0.00% 1.50% 41.47%
12b-1 Fee 1.00% 0.00% 1.00% 93.75%
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

QMLAX 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

Trading Fees

QMLAX 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.

QMLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.75% 441.00% 100.00%

QMLAX - Distributions

Dividend Yield Analysis

QMLAX Category Low Category High QMLAX % Rank
Dividend Yield 1.39% 0.00% 24.95% 57.14%

Dividend Distribution Analysis

QMLAX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

QMLAX Category Low Category High QMLAX % Rank
Net Income Ratio -1.48% -2.01% 13.72% 96.31%

Capital Gain Distribution Analysis

QMLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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QMLAX - Fund Manager Analysis

Managers

Jerry Wagner


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

Jason Teed


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

Timothy Hanna


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).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.67 13.0