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Trending ETFs

Clearwater Select Equity Fund

mutual fund
QWVOX
Payout Change
Pending
Price as of:
$19.5 +0.28 +1.46%
primary theme
N/A
share class
QWVOX (Mutual Fund)

Clearwater Select Equity Fund

Payout Change
Pending
Price as of:
$19.5 +0.28 +1.46%
primary theme
N/A
share class
QWVOX (Mutual Fund)

Clearwater Select Equity Fund

Payout Change
Pending
Price as of:
$19.5 +0.28 +1.46%
primary theme
N/A
share class

Name

As of 10/04/2024

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

$19.50

$420 M

0.00%

1.36%

Vitals

YTD Return

8.3%

1 yr return

28.2%

3 Yr Avg Return

1.0%

5 Yr Avg Return

7.6%

Net Assets

$420 M

Holdings in Top 10

7.7%

52 WEEK LOW AND HIGH

$19.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

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

$19.50

$420 M

0.00%

1.36%

QWVOX - Profile

Distributions

  • YTD Total Return 8.3%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Clearwater Select Equity Fund
  • Fund Family Name
    N/A
  • Inception Date
    Jan 27, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities. Equity securities in which the Fund invests consist primarily of exchange-traded common and preferred stocks. The Fund may also invest in a type of equity security called a convertible security to reduce volatility or correlation risk in the portfolio. A convertible security generally entitles the holder to receive interest paid or accrued on debt securities or the dividend paid on preferred stock until the convertible security matures or is redeemed, converted or exchanged. While the Fund is permitted to invest in securities of any market capitalization, the Fund invests primarily in securities of micro-, small- and medium-sized companies. The Fund may obtain exposure to equity securities through investment in exchange-traded funds and other investment companies.
Clearwater Management Co., Inc. (“CMC”) serves as the investment manager to the Fund and is responsible for the oversight of the Fund’s subadvisers. The Fund uses a “multi-style, multi-manager” approach. The Fund’s adviser allocates portions of the Fund’s assets among subadvisers who employ distinct investment styles. The Fund currently allocates assets among the following subadvisers who provide day-to-day management for the Fund: Cooke & Bieler, L.P. (“Cooke & Bieler”), Parametric Portfolio Associates LLC (“Parametric”), Pzena Investment Management LLC (“Pzena”), Rice Hall James & Associates, LLC (“RHJ”) and Wasatch Global Investors (“Wasatch”). The allocation among subadvisers will vary over time, but the current intent of the Fund’s adviser is that under normal market conditions approximately 35% of the Fund’s assets will be allocated to Parametric and the remaining assets will be allocated to one or more of the Fund’s four other subadvisers that provide day-to-day management of the Fund. A subadviser may focus its investments in micro-, small-and/or medium-sized companies. Parametric manages its portions of the Fund’s assets using passive management strategies to seek investment results that track, before fees and expenses, the investment results of the S&P SmallCap 600® Index and the Russell 2000® Growth Index, respectively, as closely as possible without requiring the Fund to realize taxable gains. Parametric utilizes a representative sampling strategy, meaning that it does not intend that the portions of the Fund’s assets it manages will be invested in all the components of the S&P SmallCap 600® Index or the Russell 2000® Growth Index at any
given time. As of December 31, 2023, the market capitalization of the companies included in the S&P SmallCap 600® Index was between $235.51 million and $8.187 billion and the market capitalization of the companies included in the Russell 2000® Growth Index was between $17.0 million and $15.895 billion. Cooke & Bieler seeks to buy businesses that it believes will compound value over time and to reduce risk through its stringent research process and decisions to purchase stocks at attractive prices. Pzena’s investment philosophy is a value equity strategy based on a fundamental, bottom-up research process. RHJ utilizes a Micro Cap Opportunities strategy that employs a fundamental, bottom-up analytical process to identify companies that meet three primary criteria: high earnings growth, high or improving return-on-invested capital (“ROIC”), and sustainable competitive advantages. Wasatch’s Micro Cap Value investment strategy seeks to identify companies through a “bottom-up” process of fundamental analysis that are believed to be temporarily undervalued but have significant potential for stock appreciation. Wasatch primarily invests in value companies, but it may also invest in growth companies if it believes that a company’s current valuation is at a sufficient discount to its projected long-term earnings growth rate. Fiduciary Counselling, Inc. (“FCI”) also acts as a subadviser to the Fund, but does not provide day-to-day management. FCI provides the Fund with the following investment-related services: investment strategy advice, manager recommendations and related duties as requested by the Fund’s adviser.
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QWVOX - Performance

Return Ranking - Trailing

Period QWVOX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% N/A N/A N/A
1 Yr 28.2% N/A N/A N/A
3 Yr 1.0%* N/A N/A N/A
5 Yr 7.6%* N/A N/A N/A
10 Yr 5.6%* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period QWVOX Return Category Return Low Category Return High Rank in Category (%)
2023 19.4% N/A N/A N/A
2022 -23.7% N/A N/A N/A
2021 -1.6% N/A N/A N/A
2020 8.9% N/A N/A N/A
2019 23.8% N/A N/A N/A

Total Return Ranking - Trailing

Period QWVOX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% N/A N/A N/A
1 Yr 28.2% N/A N/A N/A
3 Yr 1.0%* N/A N/A N/A
5 Yr 7.6%* N/A N/A N/A
10 Yr 5.6%* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period QWVOX Return Category Return Low Category Return High Rank in Category (%)
2023 21.8% N/A N/A N/A
2022 -22.0% N/A N/A N/A
2021 11.8% N/A N/A N/A
2020 11.2% N/A N/A N/A
2019 26.4% N/A N/A N/A

NAV & Total Return History


QWVOX - Holdings

Concentration Analysis

QWVOX Category Low Category High QWVOX % Rank
Net Assets 420 M N/A N/A N/A
Number of Holdings 1267 N/A N/A N/A
Net Assets in Top 10 32.4 M N/A N/A N/A
Weighting of Top 10 7.72% N/A N/A N/A

Top 10 Holdings

  1. Northern Inst Fds GOVT SELECT PT 0.98%
  2. Gildan Activewear Inc. COM NPV 0.87%
  3. CNO Financial Group, Inc. COM USD0.01 0.83%
  4. Steelcase Inc COM NPV 0.80%
  5. Glacier Bancorp Inc. COM USD0.01 0.73%
  6. Woodward Governor COM USD0.00875 0.72%
  7. Air Lease Corporation COM USD0.01 0.72%
  8. MRC Global Inc COM USD0.01 0.72%
  9. Winnebago Industries Inc. COM USD0.50 0.69%
  10. Korn Ferry COM USD0.01 0.65%

Asset Allocation

Weighting Return Low Return High QWVOX % Rank
Stocks
97.50% N/A N/A N/A
Cash
2.97% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High QWVOX % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High QWVOX % Rank
US
95.28% N/A N/A N/A
Non US
2.22% N/A N/A N/A

QWVOX - Expenses

Operational Fees

QWVOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% N/A N/A N/A
Management Fee 1.35% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

QWVOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

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

QWVOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

QWVOX - Distributions

Dividend Yield Analysis

QWVOX Category Low Category High QWVOX % Rank
Dividend Yield 0.00% N/A N/A N/A

Dividend Distribution Analysis

QWVOX Category Low Category High Category Mod
Dividend Distribution Frequency Annual

Net Income Ratio Analysis

QWVOX Category Low Category High QWVOX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

QWVOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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QWVOX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A