Fund Evaluator:
Teberg Investor (ABSTX)
Follow This Fund
Best Performing in Tactical Allocation Over the Last Year
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Fund Details
Teberg Investor Overview
Teberg Investor (ABSTX) is an actively managed Allocation Tactical Allocation fund. Absolute Capital launched the fund in 2024.
The investment seeks to maximize total return (capital appreciation plus income). The fund invests primarily in shares of any number of other no-load and load-waived mutual funds. The fund’s investment sub-adviser selects primarily equity mutual funds that the Sub-Adviser believes offer superior prospects for capital growth, attractive high-yield bond mutual funds and money market mutual funds.
About Teberg Investor (ABSTX)
There are 1 members of the management team with an average tenure of 24.35 years: Curtis Teberg (2002). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and DJ Industrial Average TR USD index with a weighting of 100%. Teberg Investor has 46 securities in its portfolio. The top 10 holdings constitute 62.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Teberg Investor is part of the Allocation global asset class and is within the Allocation fund group. Teberg Investor has 7.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 87.9%. There is 6.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 3.2% (2.8% domestic bond, 0.4% foreign bond and 0.0% convertible bond). Teberg Investor has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $66 million in total assets, which is below the $222 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ABSTX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Teberg Investor expense ratio is high compared to funds in the Tactical Allocation category. Teberg Investor has an expense ratio of 2.89%, which is 64% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Teberg Investor has a portfolio turnover rate of 1%, indicating that holds its assets around 0.6 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.
Recently, in the month of July 2026, Teberg Investor returned -7.9%, which earned it a grade of F, as the Tactical Allocation category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Teberg Investor has a trailing yield of 0.00%, which is below the 2.86% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Teberg Investor Grades
Year to date, the fund has returned 21.5%, 13.1 percentage points better than the category, which translates into a grade of A. The fund has returned 34.0% over the past year (grade of A), 21.7% over the past three years (grade of A) and 13.6% per year over the past five years (grade of A) and 13.7% per year over the past 10 years (grade of A).
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ABSTX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ABSTX Return (NAV) | -7.9% | 6.1% | 34.0% | 21.7% | 13.6% | 13.7% |
| ABSTX Grade | F | A | A | A | A | A |
| +/- Category | -7.1% | 4.6% | 17.8% | 11.1% | 8.3% | 7.4% |
| Tactical Allocation Avg | -0.9% | 1.5% | 16.2% | 10.6% | 5.3% | 6.3% |
| ABSTX Tax Cost Ratio | na | na | 0.0% | na | na | na |
ABSTX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ABSTX Return (NAV) | 21.5% | 17.6% | 19.9% | 33.9% | -23.0% | 24.1% | 19.7% | 25.6% | -7.4% | 14.4% | -1.0% |
| ABSTX Grade | A | A | A | A | F | A | A | A | D | B | F |
| +/- Category | 13.1% | 4.9% | 10.9% | 23.2% | -9.9% | 11.4% | 9.5% | 12.1% | -1.2% | 1.2% | -6.7% |
| Tactical Allocation Avg | 8.4% | 12.7% | 8.9% | 10.8% | -13.1% | 12.7% | 10.2% | 13.5% | -6.2% | 13.2% | 5.6% |
| Risk Measures | |
| Standard Deviation: | 17.6% |
| Total Risk Index: | 1.44 - High |
| Category Risk Index: | 1.72 - High |
| Category Risk Grade: | F (95% Rank) |
| Beta: | 1.56 |
| R-Squared: | 68% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $122 Mil |
| Fund Total Assets: | $ 67 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 2% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 24.4 years | |||
| Average Tenure: 24.4 years | |||
| Managers (Year): Teberg Curtis (2002) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 62.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 7.2% |
Portfolio Allocation |
|
| Domestic Stock: | 87.9% |
| Foreign Stock: | 6.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 2.8% |
| Foreign Bond: | 0.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Absolute Capital |
| Phone Number: | 866-209-1964 |
| Website: | www.boydwatterson.com |
| Status: | Open |
| Inception Date: | February 29, 2024 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.89% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.76% |
| Share Class: | Teberg |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
