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Name

As of 11/03/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Adaptive Tactical OutlookFund

CMSFX | Fund

$15.83

$14.5 M

1.06%

$0.17

1.37%

Vitals

YTD Return

20.5%

1 yr return

37.3%

3 Yr Avg Return

10.7%

5 Yr Avg Return

10.7%

Net Assets

$14.5 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$15.7
$12.23
$15.83

Expenses

OPERATING FEES

Expense Ratio 1.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 143.64%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/03/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Adaptive Tactical OutlookFund

CMSFX | Fund

$15.83

$14.5 M

1.06%

$0.17

1.37%

CMSFX - Profile

Distributions

  • YTD Total Return 20.5%
  • 3 Yr Annualized Total Return 10.7%
  • 5 Yr Annualized Total Return 10.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.01%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Adaptive Tactical OutlookFund
  • Fund Family Name
    Cavalier
  • Inception Date
    Sep 20, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Wetherington

Fund Description

CMSFX - Performance

Return Ranking - Trailing

Period CMSFX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.5% -15.8% 40.6% 11.11%
1 Yr 37.3% 1.0% 76.0% 11.79%
3 Yr 10.7%* 0.6% 33.9% 40.39%
5 Yr 10.7%* 1.7% 30.5% 18.30%
10 Yr N/A* -0.5% 13.2% N/A

* Annualized

Return Ranking - Calendar

Period CMSFX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.5% -17.2% 52.8% 81.37%
2022 15.6% -11.4% 27.3% 16.80%
2021 -14.4% -29.6% 1.6% 72.77%
2020 15.4% -11.6% 29.4% 9.01%
2019 5.1% -14.9% 16.0% 38.73%

Total Return Ranking - Trailing

Period CMSFX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.5% -15.8% 40.6% 11.11%
1 Yr 37.3% 1.0% 76.0% 10.71%
3 Yr 10.7%* -0.6% 33.9% 36.47%
5 Yr 10.7%* 1.7% 30.5% 17.02%
10 Yr N/A* -0.5% 13.2% N/A

* Annualized

Total Return Ranking - Calendar

Period CMSFX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.5% -17.2% 52.8% 81.37%
2022 15.6% -11.4% 27.3% 16.80%
2021 -1.1% -29.6% 1.6% 1.28%
2020 17.2% -5.4% 29.4% 12.61%
2019 5.1% -14.9% 19.7% 50.98%

NAV & Total Return History

CMSFX - Holdings

Concentration Analysis

CMSFX Category Low Category High CMSFX % Rank
Net Assets 14.5 M 2.02 M 17.2 B 95.44%
Number of Holdings 10 2 3392 90.88%
Net Assets in Top 10 13.4 M -74.8 M 11.2 B 88.77%
Weighting of Top 10 100.00% 16.9% 100.0% 5.26%

Top 10 Holdings

  1. iShares Core S&P 500 ETF 24.09%
  2. Invesco QQQ Trust 22.80%
  3. iShares MSCI USA Min Vol Factor ETF 21.26%
  4. iShares Core S&P Mid-Cap ETF 16.56%
  5. iShares Russell 2000 ETF 4.96%
  6. iShares 0-5 Year TIPS Bond ETF 4.26%
  7. SPDR® S&P Oil & Gas Explor & Prodtn ETF 1.88%
  8. Vanguard Real Estate ETF 1.76%
  9. SPDR® Gold Shares 1.59%
  10. Fidelity® Inv MM Fds Government I 0.83%

Asset Allocation

Weighting Return Low Return High CMSFX % Rank
Stocks 		93.12% -1.83% 199.91% 21.40%
Bonds 		4.23% 0.00% 375.28% 69.47%
Other 		1.59% -28.86% 67.29% 39.65%
Cash 		1.05% -359.91% 73.53% 72.98%
Preferred Stocks 		0.00% 0.00% 12.18% 90.88%
Convertible Bonds 		0.00% 0.00% 6.27% 94.39%

Stock Sector Breakdown

Weighting Return Low Return High CMSFX % Rank
Technology 		25.49% 0.00% 54.08% 18.18%
Healthcare 		12.41% 0.00% 29.63% 40.71%
Consumer Cyclical 		11.89% 0.00% 28.80% 44.66%
Communication Services 		10.55% 0.00% 25.67% 28.46%
Financial Services 		9.79% 0.00% 96.81% 81.82%
Industrials 		9.54% 0.00% 26.89% 57.31%
Consumer Defense 		6.48% 0.00% 22.56% 37.15%
Real Estate 		5.34% 0.00% 72.00% 29.64%
Energy 		3.45% 0.00% 70.75% 36.36%
Utilities 		3.08% 0.00% 91.67% 26.09%
Basic Materials 		1.98% 0.00% 46.77% 77.08%

Stock Geographic Breakdown

Weighting Return Low Return High CMSFX % Rank
US 		91.66% -1.16% 198.00% 14.04%
Non US 		1.46% -0.67% 64.60% 74.74%

Bond Sector Breakdown

Weighting Return Low Return High CMSFX % Rank
Government 		79.14% 0.00% 99.49% 9.82%
Cash & Equivalents 		20.86% 0.00% 100.00% 64.56%
Derivative 		0.00% 0.00% 72.09% 92.28%
Securitized 		0.00% 0.00% 58.99% 92.28%
Corporate 		0.00% 0.00% 100.00% 96.14%
Municipal 		0.00% 0.00% 20.42% 89.82%

Bond Geographic Breakdown

Weighting Return Low Return High CMSFX % Rank
US 		4.23% -24.22% 203.97% 66.67%
Non US 		0.00% 0.00% 171.31% 95.09%

CMSFX - Expenses

Operational Fees

CMSFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.38% 3.80% 53.02%
Management Fee 1.00% 0.00% 1.50% 88.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.05% 0.70% 57.97%

Sales Fees

CMSFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% 87.93%

Trading Fees

CMSFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CMSFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 143.64% 0.00% 465.00% 57.20%

CMSFX - Distributions

Dividend Yield Analysis

CMSFX Category Low Category High CMSFX % Rank
Dividend Yield 1.06% 0.00% 0.56% 88.42%

Dividend Distribution Analysis

CMSFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

CMSFX Category Low Category High CMSFX % Rank
Net Income Ratio -0.01% -73.00% 9.24% 61.48%

Capital Gain Distribution Analysis

CMSFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CMSFX - Fund Manager Analysis

Managers

Scott Wetherington

Start Date

Tenure

Tenure Rank

Jul 15, 2016

5.3

5.3%

Scott is an accomplished member of the Cavalier team with 25 years of experience in portfolio management, research and investment strategies. Scott serves as Chief Investment Officer and is responsible for leading the research and investment strategies for Cavalier’s Mutual Funds. He also serves as Portfolio Manager for Cavalier’s Tactical Economic SMA, Cavalier Tactical Economic Fund, Cavalier Hedged High Income Fund and the NE Index Fund. Prior to Cavalier, Scott served as Senior Portfolio Manager and Chief Investment Strategist for Linder Capital Advisors. Scott is a frequent speaker at conferences on Portfolio Management and has been honored as a guest speaker at Georgia Institute of Technology. Scott earned his Bachelor of Business Administration at James Madison University. He resides in Georgia with his family. Scott also holds the Chartered Financial Analyst designation (CFA) and is a member of the Atlanta Society of Finance and Investment Professionals.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 33.25 5.77 12.42

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