Current market environment performance of dynamic, risk-managed investment solutions.
U.S. equity markets posted losses in all three indexes last week. The S&P 500 went down 0.02%, the NASDAQ Composite lost 0.17%, and the Dow Jones Industrial Average fell 0.56%. Four of the 11 sectors were up last week; Industrials, which posted the best return, increased by 1.22%. Six of the 12 Quantified Funds were up last week: The Quantified STF Fund (QSTFX) went up 1.93%, the Quantified Pattern Recognition Fund (QSPMX) increased by 1.63%, the Quantified Tactical Fixed Income Fund (QFITX) was up 1.60%, the Quantified Government Income Tactical Fund (QGITX) gained 1.29%, the Quantified Global Fund (QGBLX) rose 0.19%, the Quantified Alternative Investment Fund (QALTX) was up 0.11%, the Quantified Managed Income Fund (QBDSX) returned 0%, the Quantified Rising Dividend Tactical Fund (QRDTX) went down 0.11%, the Quantified Common Ground Fund (QCGDX) decreased by 0.20%, the Quantified Tactical Sectors Fund (QTSSX) decreased by 1.63%, the Quantified Market Leaders Fund (QMLFX) went down 1.68%, and the Quantified Evolution Plus Fund (QEVOX) lost 3.80%.
The Market Environment Indicator (MEI) was bullish Friday morning last week. Equity asset-class allocations in the Quantified Market Leaders Fund were the following: Large-Cap Growth (5.40%), Mid-Cap Value (7.80%), Small-Cap Growth (7.20%), and Small-Cap Value (15.60%). Total sector ETF weightings were at 39%, holding exposures to Financials and Health Care.
The cash level within the Quantified Alternative Investment Fund increased by 7.38% last week (22.36%). The largest allocation increase and decrease, respectively, within the Quantified Alternative Investment Fund (QALTX) last week were the following: Allocation to the Morningstar Alternatives Fund (MSTVX, 1.20%) increased by 1.20%, while allocation to the iShares U.S. Tech Independence Focused ETF (IETC, 4.60%) decreased by 1.17%. Last week, the funds were down 0.19% and up 0.87%, respectively.
The capital allocation of the volatility-based systematic trading of NASDAQ 100 Index futures started the week with a 3% net long exposure. On Monday, the position reallocated to a 2% net long exposure. On Friday, the position switched to a 1% 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 Thursday, 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) started the week with an 80% net long exposure. On Monday, the position reallocated to a 0% net long exposure. On Tuesday, the position changed to a 160% net long exposure. The Quantified STF Fund (QSTFX) rose 1.93% for the week, compared to a gain of 0.41% for the NASDAQ 100 Index (NDX) and a gain of 0.36% 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 iShares 1-3 Year Treasury Bond ETF (SHY, 17.60%) and the iShares 20+ Year Treasury Bond ETF (TLT, 16.26%). Last week, the securities were down 0.23% and 2.06%, respectively. The cash allocation was at 5.20%.
The 10-year U.S. Treasury closed the week up 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 Thursday, the position changed to an 18% net long exposure. The S&P 500 E-mini futures started the week with a 2.50% net short exposure. On Thursday, the position moved to a 3.50% net short exposure.
The Quantified Pattern Recognition Fund (QSPMX) started the week with a 0% net long exposure. On Monday, the position switched to a 40% net long exposure. On Tuesday, the position switched to a 110% net long exposure. On Wednesday, the position shifted to an 80% net long exposure.
The Quantified Tactical Fixed Income Fund (QFITX) started the week with a 33% net short exposure to Treasurys and a 31.20% net long exposure to high-yield bonds. On Wednesday, the position shifted to a 15.40% net short exposure to Treasurys and a 31.20% net long exposure to high-yield bonds. On Thursday, the position reallocated to a 55.90% net long exposure to Treasurys and a 31.20% net long exposure to high-yield bonds.
The Quantified Government Income Tactical Fund (QGITX) started the week with a 22% net short exposure to Treasurys. On Wednesday, the position moved to a 0% net long exposure to Treasurys. On Thursday, the position moved to a 74.10% net long exposure to Treasurys.
The Quantified Evolution Plus Fund (QEVOX) had the following allocations at the end of last week: 40% in gold, 32% in long-term Treasurys, 24% in the S&P 500, and 4% in the NASDAQ 100.
The Quantified Common Ground Fund's (QCGDX) largest allocations were Republic Services Inc. (RSG, 5.95%) and Illinois Tool Works Inc. (ITW, 5.18%). Last week, the securities were up 0.61% and down 1.90%, respectively. The cash allocation was at 11.76%.
The Quantified Global Fund's (QGBLX) largest allocations were the SPDR S&P 500 ETF Trust (SPY, 29.25%) and the Invesco QQQ Trust (QQQ, 9.75%). Last week, the securities were up 0.02% and 0.37%, respectively. The cash allocation was at 2.99%.
The Quantified Tactical Sectors Fund (QTSSX) had the following allocations last Friday: the Vanguard Financials ETF (VFH, 39%) and the Health Care Select Sector SPDR Fund (XLV, 39%).
The Quantified Rising Dividend Fund (QRDTX) was bullish at the end of last week.
Total Return
Fund (Inception)
Symbol
Qtr Ending (6/30/24)
Year-To-Date
Ending
(6/30/24)
1 Year Ending (6/30/24)
3 Years Ending (6/30/24)
5 Years Ending (6/30/24)
10 Years Ending (6/30/24)
Since * Inception
Annual Expense
Ratio
The Gold Bullion Strategy Fund (7/9/13)
QGLDX
4.09%
11.31%
18.31%
6.14%
6.89%
3.09%
3.36%
1.40%
Quantified Managed Income Fund (8/9/13)
QBDSX
(1.94%)
(0.62%)
1.62%
(0.96%)
(2.01%)
(0.05%)
0.27%
1.59%
Quantified Market Leaders Fund (8/9/13)
QMLFX
(0.88%)
10.36%
(3.42%)
11.24%
7.59%
8.08%
1.50%
Quantified Alternative Investment Fund (8/9/13)
QALTX
(0.84%)
7.17%
1.07%
3.82%
1.98%
2.86%
2.17%
Quantified STF Fund
(11/13/15)
QSTFX
10.38%
26.57%
9.46%
23.49%
N/A
16.99%
1.66%
Quantified Common Ground Fund
(12/27/19)
QCGDX
2.39%
8.65%
18.19%
8.42%
11.89%
1.80%
Quantified Evolution Plus Fund
(9/30/19)
QEVOX
(1.24%)
8.92%
6.18%
(3.07%)
(1.71%)
1.73%
Quantified Pattern Recognition Fund
(8/30/19)
QSPMX
(4.36%)
11.13%
3.45%
3.19%
9.25%
1.75%
Quantified Tactical Fixed Income Fund
(9/13/19)
QFITX
(0.93%)
0.00%
(5.36%)
(9.17%)
(5.03%)
1.65%
Quantified Tactical Sectors Fund (3/3/21)
QTSSX
0.43%
11.18%
(10.22%)
(7.77%)
1.71%
Quantified Rising Dividend Tactical Fund (4/14/21)
QRDTX
(1.55%)
7.52%
15.19%
(3.48%)
(2.54%)
1.82%
Quantified Government Income Tactical Fund (4/15/21)
QGITX
(1.00%)
(9.02%)
(9.64%)
(8.79%)
1.76%
Quantified Global Fund (11/29/23)
QGBLX
5.27%
7.80%
* 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), 1.40%; Class A, 1.40%; Class C, 2.00%. 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.