Fund Evaluator:
Quantified Managed Income Investor (QBDSX)
Follow This Fund
Best Performing in Conservative Allocation Over the Last Year
| 11.9% | Hussman Strategic Total Return (HSTRX) |
| 10.4% | Franklin Multi-Asset Income Y (PMIYX) |
| 10.1% | Columbia Income Builder Inst (CBUZX) |
| 8.2% | Thrivent Conservative Allocation S (THYFX) |
| 8.0% | Columbia Capital Allocation Cnsrv Inst (CBVZX) |
Fund Details
Quantified Managed Income Investor Overview
Quantified Managed Income Investor (QBDSX) is an actively managed Allocation Conservative Allocation fund. Advisors Preferred launched the fund in 2013.
The investment seeks high total return from fixed income investments on an annual basis consistent with a moderate tolerance for risk. The fund invests primarily in income-producing securities. It does so indirectly through exchange-traded funds ("ETFs"), and other closed-end and open-end investment companies that primarily invest in income-producing securities. The fund may also invest directly in these types of securities. It may invest in fixed-income securities without any restriction on maturity.
About Quantified Managed Income Investor (QBDSX)
There are 2 members of the management team with an average tenure of 7.62 years: Daniel Poppe (2024), Jerry Wagner (2013). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Quantified Managed Income Investor has 49 securities in its portfolio. The top 10 holdings constitute 77.7% 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.
Quantified Managed Income Investor is part of the Allocation global asset class and is within the Allocation fund group. Quantified Managed Income Investor has 8.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 22.0%. There is 0.0% allocated to foreign stock, and 0.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 53.9% (45.9% domestic bond, 8.0% foreign bond and 6.1% convertible bond). Quantified Managed Income Investor has 15.7% of the portfolio in cash.
Assets Under Management
The fund has $117 million in total assets, which is above the $107 million average for the Conservative 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.
QBDSX 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 Quantified Managed Income Investor expense ratio is high compared to funds in the Conservative Allocation category. Quantified Managed Income Investor has an expense ratio of 1.60%, which is 34% higher than its category average, making the fund expense ratio grade a D. 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. Quantified Managed Income Investor has a portfolio turnover rate of 826%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 100% for the Conservative Allocation category.
Recently, in the month of July 2026, Quantified Managed Income Investor returned 0.5%, which earned it a grade of A, as the Conservative Allocation category had an average return of -0.8%. 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.
Quantified Managed Income Investor has a trailing yield of 4.49%, which is above the 3.43% 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.
Quantified Managed Income Investor Grades
Year to date, the fund has returned -0.3%, 3.0 percentage points worse than the category, which translates into a grade of F. The fund has returned -0.1% over the past year (grade of F), 2.2% over the past three years (grade of F) and 0.7% per year over the past five years (grade of F) and 0.5% per year over the past 10 years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Quantified Managed Income Investor, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
QBDSX 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 |
|
| QBDSX Return (NAV) | 0.5% | -0.3% | -0.1% | 2.2% | 0.7% | 0.5% |
| QBDSX Grade | A | F | F | F | F | F |
| +/- Category | 1.3% | -0.8% | -7.3% | -4.9% | -2.0% | -3.4% |
| Conservative Allocation Avg | -0.8% | 0.6% | 7.2% | 7.2% | 2.7% | 3.9% |
| QBDSX Tax Cost Ratio | na | na | 1.7% | 1.7% | 1.1% | 0.9% |
QBDSX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QBDSX Return (NAV) | -0.3% | 5.1% | 1.0% | 2.2% | -4.1% | -0.7% | -9.2% | 10.5% | -3.2% | 5.0% | 6.0% |
| QBDSX Grade | F | F | F | F | A | F | F | D | D | F | B |
| +/- Category | -3.0% | -4.1% | -4.9% | -6.5% | 7.8% | -5.2% | -17.3% | -1.0% | 0.1% | -2.0% | 0.1% |
| Conservative Allocation Avg | 2.8% | 9.2% | 5.9% | 8.7% | -11.9% | 4.5% | 8.0% | 11.5% | -3.3% | 7.1% | 5.9% |
| Risk Measures | |
| Standard Deviation: | 4.9% |
| Total Risk Index: | 0.40 - Low |
| Category Risk Index: | 0.75 - Low |
| Category Risk Grade: | A (9% Rank) |
| Beta: | 0.36 |
| R-Squared: | 50% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | Medium Quality Moderate Sensitivity |
| Yield: | 4.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $123 Mil |
| Fund Total Assets: | $ 117 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 826% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.0 years | |||
| Average Tenure: 7.6 years | |||
| Managers (Year): Wagner Jerry (2013), Poppe Daniel (2024) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 49 |
| % in Top 10 Holdings: | 77.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.0% |
Portfolio Allocation |
|
| Domestic Stock: | 22.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.8% |
| Domestic Bond: | 45.9% |
| Foreign Bond: | 8.0% |
| Convertible Bond: | 6.1% |
| Other: | 1.6% |
| Cash: | 15.7% |
Purchase Information
| Fund Family: | Advisors Preferred |
| Phone Number: | 855-647-8268 |
| Website: | www.advisorspreferred.com |
| Status: | Open |
| Inception Date: | August 9, 2013 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $10,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.60% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Quantified Managed Income Investor |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
