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Trending ETFs

SECTOR ROTATION FUND

mutual fund
QNTAX
Payout Change
Pending
Price as of:
$41.1 -0.38 -0.92%
primary theme
U.S. Mid-Cap Value Equity
QNTAX (Mutual Fund)

SECTOR ROTATION FUND

Payout Change
Pending
Price as of:
$41.1 -0.38 -0.92%
primary theme
U.S. Mid-Cap Value Equity
QNTAX (Mutual Fund)

SECTOR ROTATION FUND

Payout Change
Pending
Price as of:
$41.1 -0.38 -0.92%
primary theme
U.S. Mid-Cap Value Equity

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.

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SECTOR ROTATION FUND

QNTAX | Fund

$41.10

$35.1 M

1.45%

$0.60

1.53%

Vitals

YTD Return

12.0%

1 yr return

27.3%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

5.5%

Net Assets

$35.1 M

Holdings in Top 10

59.1%

52 WEEK LOW AND HIGH

$41.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 64.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$500


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

SECTOR ROTATION FUND

QNTAX | Fund

$41.10

$35.1 M

1.45%

$0.60

1.53%

QNTAX - Profile

Distributions

  • YTD Total Return 12.0%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.31%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    SECTOR ROTATION FUND
  • Fund Family Name
    Meeder Funds
  • Inception Date
    Oct 31, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Meeder

Fund Description

The Fund utilizes a sector rotation strategy to identify market sectors offering the greatest investment opportunities. A market sector is a segment of the securities market that groups issuers by industry. Examples include consumer discretionary, health care, information technology, consumer staples, commodities, energy, financials, industrials, materials, real estate, communication services and utilities. Using a proprietary quantitative model, Meeder Asset Management, Inc. (the “Adviser”) rotates Fund assets between and among market sectors, outweighing those sectors considered most promising.

Under normal circumstances, the Fund will invest at least 80% of its net assets in common stocks or underlying funds investing in equity securities. The Fund will also typically invest between 10% and 40% of its net assets in international equity securities or underlying funds primarily investing in international equities, including companies that conduct their principal business activities in emerging markets. Under normal circumstances, the fund will also invest at least 5% and up to 20% of its net assets in fixed income securities or underlying funds primarily investing in domestic and foreign fixed income securities of any maturity and of any credit rating (including unrated and high yield fixed income securities, commonly known as “junk bonds”), exchange traded funds (“ETFs”), closed-end funds, unit investment trusts and cash equivalent securities.

The Fund may also invest directly in derivatives, such as options and futures contracts, including domestic or international stock index futures or options and option spreads on index future contracts, or in underlying funds investing in futures contracts and options on futures contracts. These investments may be used, for example, in an effort to earn extra income, to provide adequate liquidity, to adjust exposure to individual securities or markets, to hedge all or a portion of the Fund’s portfolio from a decline in value, or to maintain a fully invested position in equity securities. The use of these techniques may not protect against market declines and may limit the Fund’s participation in market gains, particularly in volatile market conditions.

Individual U.S. equity securities held in the Fund are intended to target the desired allocation of each respective U.S. sector based on the Advisor’s quantitative models. These sector rotation models utilize a multi-factor approach, including relative price trends within and between sectors, energy prices, interest rates, monetary policy expectations, and market risk, among others.

There are no investment limitations on the market capitalization range or geographic region. Depending on the Adviser’s assessment of market conditions, the Fund may adjust the market capitalization or geographic balance of the portfolio by investing in derivatives, mutual funds or exchange traded funds that provide exposure to the desired market segment.

Other than as set forth in the SAI, the investment policies and limitations of the Fund are not fundamental and may be changed by the Board of Trustees of the Meeder Funds without shareholder approval.

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QNTAX - Performance

Return Ranking - Trailing

Period QNTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% 3.8% 23.0% 51.50%
1 Yr 27.3% 10.6% 46.1% 47.41%
3 Yr -0.4%* -1.2% 16.2% 98.90%
5 Yr 5.5%* 1.1% 17.8% 98.58%
10 Yr N/A* 1.8% 12.5% 73.49%

* Annualized

Return Ranking - Calendar

Period QNTAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -11.3% 33.3% 22.95%
2022 -16.0% -41.6% 2.3% 63.54%
2021 9.5% -41.5% 44.9% 83.66%
2020 -5.9% -29.0% 22.1% 87.04%
2019 17.8% -8.1% 31.2% 75.87%

Total Return Ranking - Trailing

Period QNTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% 3.8% 23.0% 51.50%
1 Yr 27.3% 10.6% 46.1% 47.41%
3 Yr -0.4%* -1.2% 16.2% 98.90%
5 Yr 5.5%* 1.1% 17.8% 98.58%
10 Yr N/A* 1.8% 12.5% 70.78%

* Annualized

Total Return Ranking - Calendar

Period QNTAX Return Category Return Low Category Return High Rank in Category (%)
2023 14.4% -3.7% 36.5% 37.16%
2022 -13.5% -35.0% 2.4% 91.71%
2021 9.5% 6.2% 48.3% 98.34%
2020 -5.3% -22.9% 23.2% 94.37%
2019 18.6% -3.0% 35.7% 94.48%

NAV & Total Return History


QNTAX - Holdings

Concentration Analysis

QNTAX Category Low Category High QNTAX % Rank
Net Assets 35.1 M 991 K 28 B 94.55%
Number of Holdings 579 8 2308 4.63%
Net Assets in Top 10 21.6 M 319 K 5.52 B 86.65%
Weighting of Top 10 59.15% 4.6% 100.3% 1.91%

Top 10 Holdings

  1. Institutional Prime 36.82%
  2. Amazon.com Inc 3.85%
  3. Microsoft Corp 3.58%
  4. Apple Inc 3.31%
  5. NVIDIA Corp 3.16%
  6. Alphabet Inc 2.85%
  7. Meta Platforms Inc 1.59%
  8. Fidelity Total Bond 1.39%
  9. Baird Core Plus Bond 1.38%
  10. Tesla Inc 1.21%

Asset Allocation

Weighting Return Low Return High QNTAX % Rank
Stocks
56.67% 56.67% 103.53% 99.46%
Cash
38.75% 0.00% 38.75% 0.27%
Preferred Stocks
0.00% 0.00% 1.68% 9.54%
Convertible Bonds
0.00% 0.00% 0.02% 27.12%
Bonds
0.00% 0.00% 25.59% 28.88%
Other
-0.10% -0.10% 7.30% 99.46%

Stock Sector Breakdown

Weighting Return Low Return High QNTAX % Rank
Consumer Cyclical
15.52% 0.00% 29.62% 10.96%
Technology
14.79% 0.00% 30.07% 6.85%
Industrials
14.50% 0.00% 29.02% 58.08%
Financial Services
12.05% 0.00% 60.11% 92.60%
Healthcare
11.01% 0.00% 32.47% 31.51%
Real Estate
6.03% 0.00% 40.74% 70.68%
Utilities
5.70% 0.00% 24.69% 53.97%
Communication Services
5.54% 0.00% 19.80% 21.10%
Basic Materials
5.17% 0.00% 23.88% 56.44%
Consumer Defense
4.87% 0.00% 33.79% 66.03%
Energy
4.83% 0.00% 29.17% 80.82%

Stock Geographic Breakdown

Weighting Return Low Return High QNTAX % Rank
US
56.67% 56.67% 103.53% 99.46%
Non US
0.00% 0.00% 33.85% 43.87%

QNTAX - Expenses

Operational Fees

QNTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.53% 0.06% 16.92% 17.49%
Management Fee 0.75% 0.00% 1.20% 67.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.40% 43.43%

Sales Fees

QNTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

QNTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

QNTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.00% 0.00% 227.00% 73.43%

QNTAX - Distributions

Dividend Yield Analysis

QNTAX Category Low Category High QNTAX % Rank
Dividend Yield 1.45% 0.00% 22.79% 51.64%

Dividend Distribution Analysis

QNTAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

QNTAX Category Low Category High QNTAX % Rank
Net Income Ratio 0.31% -1.84% 4.73% 78.85%

Capital Gain Distribution Analysis

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

Distributions History

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QNTAX - Fund Manager Analysis

Managers

Robert Meeder


Start Date

Tenure

Tenure Rank

Aug 31, 1988

33.77

33.8%

Robert S. Meeder, Jr. is President and CEO of Meeder Investment Management and brings over 30 years of investment industry experience. Mr. Meeder has been President of Meeder Investment Management, Inc. since 1991 and has been a member of the team managing the Funds and Portfolios since 1992. In addition to his executive duties, Mr. Meeder is involved in the development of investment policy and client relationships for Meeder Investment Management, Inc.

Joseph Bell


Start Date

Tenure

Tenure Rank

Mar 31, 2018

4.17

4.2%

Joseph Bell, CFA, CMT. Mr. Bell is a Portfolio Manager and has been associated with the Adviser since March 2018, when he joined the team managing the Funds. Mr. Bell was previously a Senior Market Strategist and a Senior Equity Analyst at Schaeffer’s Investment Research.

Yuntaek Pae


Start Date

Tenure

Tenure Rank

Apr 16, 2021

1.12

1.1%

Yuntaek Pae, PhD, CFA. Dr. Pae joined Meeder Asset Management as the Director of Research in April 2021. He worked for Allianz Global Investors in South Korea as an equity analyst between 2005 and 2007. He earned a PhD degree from Illinois Institute of Technology in 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.2 10.92