Fund Evaluator:
Quantified Alternative Investment Inv (QALTX)
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Best Performing in Macro Trading Over the Last Year
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| 13.6% | Quantified Alternative Investment Inv (QALTX) |
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Fund Details
Quantified Alternative Investment Inv Overview
Quantified Alternative Investment Inv (QALTX) is an actively managed Alternative Macro Trading fund. Advisors Preferred launched the fund in 2013.
The investment seeks high total return from alternative investment vehicles on an annual basis consistent with a high tolerance for risk. The fund will primarily invest indirectly in alternative investments by using exchange-traded funds (“ETFs”), open-end mutual funds, other investment companies, or pooled investment vehicles. The subadviser defines “Alternative Investment” as any security or instrument that the Advisor expects to have returns with a low or negative return correlation with the S&P 500® Index over time.
About Quantified Alternative Investment Inv (QALTX)
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: S&P 500 (TR) index with a weighting of 100%. Quantified Alternative Investment Inv has 51 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.
Quantified Alternative Investment Inv is part of the Alternative Strategies global asset class and is within the Alternative fund group. Quantified Alternative Investment Inv has 15.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 23.5%. There is 14.2% allocated to foreign stock, and 1.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 7.1% (5.6% domestic bond, 1.5% foreign bond and 6.4% convertible bond). Quantified Alternative Investment Inv has 34.5% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $296 million average for the Macro Trading 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.
QALTX 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 Alternative Investment Inv expense ratio is high compared to funds in the Macro Trading category. Quantified Alternative Investment Inv has an expense ratio of 2.41%, which is 52% 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. Quantified Alternative Investment Inv has a portfolio turnover rate of 659%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 95% for the Macro Trading category.
Recently, in the month of July 2026, Quantified Alternative Investment Inv returned 0.1%, which earned it a grade of D, as the Macro Trading category had an average return of 0.3%. 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 Alternative Investment Inv has a trailing yield of 2.31%, which is above the 1.90% 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 Alternative Investment Inv Grades
Year to date, the fund has returned 4.6%, 0.8 percentage points worse than the category, which translates into a grade of C. The fund has returned 13.6% over the past year (grade of A), 6.9% over the past three years (grade of D) and 3.9% per year over the past five years (grade of D) and 3.9% per year over the past 10 years (grade of F).
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QALTX 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 |
|
| QALTX Return (NAV) | 0.1% | -2.2% | 13.6% | 6.9% | 3.9% | 3.9% |
| QALTX Grade | D | D | A | D | D | F |
| +/- Category | -0.2% | -2.0% | 5.3% | 0.4% | -1.0% | -1.0% |
| Macro Trading Avg | 0.3% | -0.2% | 8.3% | 6.5% | 4.9% | 4.8% |
| QALTX Tax Cost Ratio | na | na | 1.0% | 1.0% | 1.6% | 1.0% |
QALTX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QALTX Return (NAV) | 4.6% | 14.3% | 4.5% | 2.4% | -8.1% | 11.8% | 1.0% | 9.9% | -8.9% | 15.5% | -0.6% |
| QALTX Grade | C | A | C | D | F | A | F | C | F | A | C |
| +/- Category | -0.8% | 7.7% | -2.0% | -2.0% | -12.5% | 9.0% | -3.4% | 0.9% | -8.4% | 8.9% | 0.1% |
| Macro Trading Avg | 5.4% | 6.6% | 6.5% | 4.4% | 4.4% | 2.8% | 4.4% | 8.9% | -0.5% | 6.7% | -0.8% |
| Risk Measures | |
| Standard Deviation: | 8.0% |
| Total Risk Index: | 0.66 - Below Average |
| Category Risk Index: | 1.21 - High |
| Category Risk Grade: | F (89% Rank) |
| Beta: | 0.51 |
| R-Squared: | 63% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 2.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $10 Mil |
| Fund Total Assets: | $ 11 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 659% |
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: | 51 |
| % in Top 10 Holdings: | 62.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 15.7% |
Portfolio Allocation |
|
| Domestic Stock: | 23.5% |
| Foreign Stock: | 14.2% |
| Preferred Stock: | 1.8% |
| Domestic Bond: | 5.6% |
| Foreign Bond: | 1.5% |
| Convertible Bond: | 6.4% |
| Other: | 12.6% |
| Cash: | 34.5% |
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 (%): | 2.41% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.59% |
| Share Class: | Quantified Alternative Investment Inv |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
