Current market environment performance of dynamic, risk-managed investment solutions.
U.S. equity markets posted gains in two of the three indexes last week. The S&P 500 was up 0.45%, the NASDAQ Composite fell 0.18%, and the Dow Jones Industrial Average went up 0.79%. Eight of the 11 sectors were up last week; Energy, which posted the best return, went up 4.51%. Five of the 11 Quantified Funds were up last week: The Quantified Evolution Plus Fund (QEVOX) was up 1.83%, the Quantified Pattern Recognition Fund (QSPMX) went up 1.48%, the Quantified Alternative Investment Fund (QALTX) was up 0.23%, the Quantified STF Fund (QSTFX) increased by 0.17%, the Quantified Rising Dividend Tactical Fund (QRDTX) rose 0.14%, the Quantified Tactical Sectors Fund (QTSSX) decreased by 0.17%, the Quantified Market Leaders Fund (QMLFX) decreased by 0.22%, the Quantified Managed Income Fund (QBDSX) went down 0.48%, the Quantified Common Ground Fund (QCGDX) went down 0.95%, the Quantified Tactical Fixed Income Fund (QFITX) decreased by 2.86%, and the Quantified Government Income Tactical Fund (QGITX) lost 3.12%.
The Market Environment Indicator (MEI) was bearish Friday morning last week. Equity asset-class allocations in the Quantified Market Leaders Fund were the following: Large-Cap Value (2.70%), Large-Cap Growth (15.60%), Mid-Cap Growth (1.80%), and Mid-Cap Value (0.90%). Total sector ETF weightings were at 13%, holding an allocation to Technology.
The cash level within the Quantified Alternative Investment Fund increased by 1.96% last week (15.62%). The largest allocation increase and decrease, respectively, within the Quantified Alternative Investment Fund (QALTX) last week were the following: Allocation to the iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY, 0.85%) increased by 0.85%, while allocation to the First Trust Global Tactical Commodity Strategy Fund (FTGC, 2.90%) decreased by 1.50%. Last week, the funds were up 2.83% and 2.66%, respectively.
The capital allocation of the volatility-based systematic trading of NASDAQ 100 Index futures started the week with a 7% net long exposure. On Monday, the position shifted to a 6% net long exposure. On Wednesday, the position changed to a 7% net long exposure.
The capital allocation to 30-year U.S. Treasury bond futures in the Quantified Alternative Investment Fund started the week with a 10% net short exposure. On Wednesday, the position changed to a 12% net long exposure.
The QFC Self-adjusting Trend Following strategy's signal of exposure in the NASDAQ 100 Index (NDX) held a 100% net long exposure throughout the week. The Quantified STF Fund (QSTFX) increased by 0.17% for the week, compared to a gain of 0.15% for the NASDAQ 100 Index (NDX) and a gain of 0.11% for the Rydex Series NASDAQ 100 Fund (RYHOX), a current potential holding of the STF strategy.
The Quantified Managed Income Fund's (QBDSX) largest ETF allocations were the Invesco Senior Loan ETF (BKLN, 6.80%), the iShares Floating Rate Bond ETF (FLOT, 6.80%), the ProShares Short 20+ Year Treasury Fund (TBF, 6.80%), and the SPDR Bloomberg Convertible Securities ETF (CWB, 6.80%). Last week, the securities were up 0.53%, up 0.02%, down 3.17%, and down 0.22%, respectively. The cash allocation was at 50.01%.
The 10-year U.S. Treasury closed the week down 3.96%. The capital allocation to 30-year U.S. Treasury bond futures in the Quantified Managed Income Fund started the week with a 15% net short exposure. On Wednesday, the position changed to an 18% net long exposure. The S&P 500 E-mini futures held a 6% net short exposure throughout the week.
The Quantified Pattern Recognition Fund (QSPMX) started the week with a 50% net long exposure. On Monday, the position shifted to a 0% net long exposure. On Tuesday, the position switched to a 40% net short exposure. On Wednesday, the position reallocated to a 100% net short exposure. On Thursday, the position reallocated to a 150% net short exposure. On Friday, the position switched to a 40% net short exposure.
The Quantified Tactical Fixed Income Fund (QFITX) started the week with a 55% net short exposure to Treasurys and a 0% net long exposure to high-yield bonds. On Wednesday, the position switched to a 66.30% net long exposure to Treasurys and a 12% net long exposure to high-yield bonds.
The Quantified Government Income Tactical Fund (QGITX) started the week with a 55% net short exposure to Treasurys. On Wednesday, the position shifted to a 92.30% net long exposure to Treasurys.
The Quantified Evolution Plus Fund (QEVOX) had the following allocations at the end of last week: 65% in the U.S. dollar, 13% in the S&P 500, 9% in commodities, 8% in cash, and 5% in the NASDAQ 100.
The Quantified Common Ground Fund's (QCGDX) largest allocations were MGIC Investment Corporation (MTG, 5.51%) and Vontier Corporation (VNT, 5.50%). Last week, the securities were up 0.29% and 0.29%, respectively. The cash allocation was at 2.50%.
The Quantified Tactical Sectors Fund had an allocation to the Technology Select Sector SPDR Fund (XLK, 25%) last Friday.
The Quantified Rising Dividend Fund (QRDTX) was bearish at the end of last week.
Total Return
Fund (Inception)
Symbol
Qtr Ending (9/30/23)
Year-To-Date
Ending
(9/30/23)
1 Year Ending (9/30/23)
3 Years Ending (9/30/23)
5 Years Ending (9/30/23)
10 Years Ending (9/30/23)
Since * Inception
Annual Expense
Ratio
The Gold Bullion Strategy Fund (7/9/13)
QGLDX
(4.43%)
(0.76%)
8.34%
(3.84%)
5.80%
0.79%
1.38%
1.39%
Quantified Managed Income Fund (8/9/13)
QBDSX
0.24%
(1.36%)
(1.75%)
(1.28%)
0.18%
0.16%
1.55%
Quantified Market Leaders Fund (8/9/13)
QMLFX
(9.30%)
1.10%
2.37%
3.63%
6.45%
6.30%
1.50%
Quantified Alternative Investment Fund (8/9/13)
QALTX
(2.51%)
1.49%
4.29%
1.42%
2.07%
2.12%
1.94%
Quantified STF Fund
(11/13/15)
QSTFX
(10.05%)
31.93%
2.10%
9.02%
N/A
12.30%
1.64%
Quantified Common Ground Fund
(12/27/19)
QCGDX
(2.44%)
2.90%
4.24%
11.33%
8.73%
1.71%
Quantified Evolution Plus Fund
(9/30/19)
QEVOX
(3.09%)
0.42%
(9.12%)
(1.96%)
(4.24%)
1.69%
Quantified Pattern Recognition Fund
(8/30/19)
QSPMX
4.18%
17.19%
28.69%
9.52%
8.99%
1.68%
Quantified Tactical Fixed Income Fund
(9/13/19)
QFITX
(0.51%)
(9.54%)
(10.10%)
(4.76%)
1.67%
Quantified Tactical Sectors Fund (3/3/21)
QTSSX
(11.21%)
1.54%
(17.28%)
1.75%
Quantified Rising Dividend Tactical Fund (4/14/21)
QRDTX
(6.45%)
(1.23%)
(3.85%)
(11.13%)
1.76%
Quantified Government Income Tactical Fund (4/15/21)
QGITX
(2.97%)
(5.43%)
(11.31%)
(8.95%)
* Performance for periods of greater than one year are annualized.
As of the most recent prospectus, the expense ratios for the Gold Bullion Strategy Fund are as follows: Investors’ Class (No Load), 1.39%; Class A, 1.39%; Class C, 1.99%. The maximum sales charge imposed on Class A share purchases (as percentage of offering price) is 5.75%. An additional 2% redemption fee applies to all share classes, including Investors’ Class, when shares are redeemed within 7 days of purchase.
The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate and an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. To obtain performance data current to the most recent month-end please call 1-855-647-8268.
Risks associated with the Quantified Funds include active frequent trading risk, aggressive investment techniques, small and mid-cap companies risk, counter party risk, depository receipt risk, derivatives risk, equity securities risk, foreign securities risk, holding cash risk, limited history of operations risk, lower quality debt securities risk, convertible bond risk, non-diversification risk, investing in other investment companies (including ETFs) risk, shorting risk, asset backed securities risk, commodity risk, credit risk, interest risk, prepayment risk, mortgage backed securities risk, hedging and leverage risk, preferred stock risk, and MLP and REIT risks. For detailed information relating to these risks, please see prospectus.
The principal risks of investing in The Gold Bullion Strategy Fund are Risks of the Sub-advisor’s Investment Strategy, Risks of Aggressive Investment Techniques, High Portfolio Turnover, Risk of Investing in Derivatives, Risks of Investing in ETFs, Risks of Investing in Other Investment Companies, Leverage Risk, Taxation Risk, Concentration Risk, Gold Risk, Wholly-owned Corporation Risk, Risk of Non-Diversification and interest rate risk. “Gold Risk” includes volatility, price fluctuations over short periods, risks associated with global monetary, economic, social and political conditions and developments, currency devaluation and revaluation and restrictions, trading and transactional restrictions.
An investor should carefully consider the investment objectives, risks, charges and expenses of the funds before investing. This and other information can be found in the funds’ prospectus and summary prospectus, which can be obtained by calling 1-855-650-7453. The prospectus should be read carefully before investing. There is no guarantee that any of the Quantified Funds or The Gold Bullion Strategy Fund will achieve their investment objectives.
Flexible Plan Investments, Ltd., serves as investment sub-advisor to The Gold Bullion Strategy and Quantified Funds. Advisors Preferred, LLC serves is the Funds’ investment advisor.