Fund Evaluator:
Q3 All-Season Systematic Opportunities C (QCSOX)
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Best Performing in Tactical Allocation Over the Last Year
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Fund Details
Q3 All-Season Systematic Opportunities C Overview
Q3 All-Season Systematic Opportunities C (QCSOX) is an actively managed Allocation Tactical Allocation fund. Q3 Asset Management Corporation launched the fund in 2024.
The investment seeks capital appreciation. Under normal circumstances, the fund invests primarily in a combination of futures contracts on the S&P 500 or NASDAQ (“Index Futures”), and investments, in money market funds, U.S. Treasury securities, and short term bonds.
About Q3 All-Season Systematic Opportunities C (QCSOX)
There are 3 members of the management team with an average tenure of 6.59 years: Bradford Giaimo (2019), Adam Quiring (2019), Bruce Greig (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and DJ Moderate TR USD index with a weighting of 100%. Q3 All-Season Systematic Opportunities C has 3 securities in its portfolio. The top 10 holdings constitute 81.3% 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.
Q3 All-Season Systematic Opportunities C is part of the Allocation global asset class and is within the Allocation fund group. Q3 All-Season Systematic Opportunities C has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 55.2% (55.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Q3 All-Season Systematic Opportunities C has 44.8% of the portfolio in cash.
Assets Under Management
The fund has $3 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.
QCSOX 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 Q3 All-Season Systematic Opportunities C expense ratio is high compared to funds in the Tactical Allocation category. Q3 All-Season Systematic Opportunities C has an expense ratio of 2.78%, which is 58% 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. Q3 All-Season Systematic Opportunities C has a portfolio turnover rate of 147%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.
Recently, in the month of July 2026, Q3 All-Season Systematic Opportunities C returned -1.5%, which earned it a grade of D, 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.
Q3 All-Season Systematic Opportunities C has a trailing yield of 0.23%, 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.
Q3 All-Season Systematic Opportunities C Grades
Year to date, the fund has returned 6.8%, 1.5 percentage points worse than the category, which translates into a grade of C. The fund has returned 14.5% over the past year (grade of D) and 11.1% over the past three years (grade of C).
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QCSOX 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 |
|
| QCSOX Return (NAV) | -1.5% | 4.4% | 14.5% | 11.1% | na | na |
| QCSOX Grade | D | A | D | C | na | na |
| +/- Category | -0.6% | 2.9% | -1.6% | 0.5% | na | na |
| Tactical Allocation Avg | -0.9% | 1.5% | 16.2% | 10.6% | 5.3% | 6.3% |
| QCSOX Tax Cost Ratio | na | na | 3.4% | na | na | na |
QCSOX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QCSOX Return (NAV) | 6.8% | 18.2% | 7.2% | na | na | na | na | na | na | na | na |
| QCSOX Grade | C | A | C | na | na | na | na | na | na | na | na |
| +/- Category | -1.5% | 5.6% | -1.7% | na | na | na | na | na | na | na | na |
| 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: | 8.3% |
| Total Risk Index: | 0.68 - Below Average |
| Category Risk Index: | 0.81 - Below Average |
| Category Risk Grade: | B (28% Rank) |
| Beta: | 0.45 |
| R-Squared: | 25% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $393 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 147% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 6.6 years | |||
| Average Tenure: 6.6 years | |||
| Managers (Year): Giaimo Bradford (2019), Quiring Adam (2019), Greig Bruce (2019) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 3 |
| % in Top 10 Holdings: | 81.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 55.2% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 44.8% |
Purchase Information
| Fund Family: | Q3 Asset Management Corporation |
| Phone Number: | 855-784-2399 |
| Website: |
| Status: | Open |
| Inception Date: | October 18, 2024 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| 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 (%): | 2.78% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.76% |
| Share Class: | Q3 All-Season Systematic Opports Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
