Fund Evaluator:
Quantified Eckhardt Managed Fut Str Adv (QETAX)
Follow This Fund
Best Performing in Systematic Trend Over the Last Year
| 27.8% | AQR Managed Futures Strategy HV N (QMHNX) |
| 26.6% | American Beacon AHL Mgd Futs Strat Inv (AHLPX) |
| 21.6% | AQR Managed Futures Strategy N (AQMNX) |
| 21.5% | AMG Systematica Managed Futs Strat N (SMFNX) |
| 16.4% | Goldman Sachs Managed Futs Strat Inv (GFIRX) |
Fund Details
Quantified Eckhardt Managed Fut Str Adv Overview
Quantified Eckhardt Managed Fut Str Adv (QETAX) is an actively managed Alternative Systematic Trend fund. Advisors Preferred launched the fund in 2025.
The investment seeks total return. The fund’s investment adviser, Advisors Preferred LLC, delegates execution of the fund’s investment strategy to the subadvisor, Flexible Plan Investments, Ltd. The subadvisor selects investments for the fund and provides trade placement for fixed income instruments, including cash equivalents. The adviser provides trade placement for non-fixed income instruments. The fund invests up to 25% of its total assets in a wholly owned and controlled subsidiary. The fund is non-diversified.
About Quantified Eckhardt Managed Fut Str Adv (QETAX)
There are 2 members of the management team with an average tenure of 1.79 years: Daniel Poppe (2024), Jerry Wagner (2024). Management tenure is more important for actively managed funds than passive index funds.
Quantified Eckhardt Managed Fut Str Adv has 4 securities in its portfolio. The top 10 holdings constitute 100.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Quantified Eckhardt Managed Fut Str Adv is part of the Alternative Strategies global asset class and is within the Alternative fund group. Quantified Eckhardt Managed Fut Str Adv has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 18.6%. 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 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Quantified Eckhardt Managed Fut Str Adv has 59.5% of the portfolio in cash.
Assets Under Management
The fund has $9 million in total assets, which is below the $260 million average for the Systematic Trend 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.
QETAX 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 Eckhardt Managed Fut Str Adv expense ratio is high compared to funds in the Systematic Trend category. Quantified Eckhardt Managed Fut Str Adv has an expense ratio of 2.37%, which is 17% 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 Eckhardt Managed Fut Str Adv has a portfolio turnover rate of 161%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 216% for the Systematic Trend category.
Recently, in the month of July 2026, Quantified Eckhardt Managed Fut Str Adv returned -1.3%, which earned it a grade of F, as the Systematic Trend category had an average return of -0.0%. 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 Eckhardt Managed Fut Str Adv has a trailing yield of 0.00%, which is below the 2.63% 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 Eckhardt Managed Fut Str Adv Grades
Year to date, the fund has returned -3.6%, 10.8 percentage points worse than the category, which translates into a grade of F. The fund has returned -7.5% over the past year (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 Eckhardt Managed Fut Str Adv, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
QETAX 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 |
|
| QETAX Return (NAV) | -1.3% | -2.6% | -7.5% | na | na | na |
| QETAX Grade | F | F | F | na | na | na |
| +/- Category | -1.3% | -1.8% | -25.5% | na | na | na |
| Systematic Trend Avg | -0.0% | -0.8% | 18.0% | 2.8% | 5.3% | 3.1% |
| QETAX Tax Cost Ratio | na | na | 1.1% | na | na | na |
QETAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QETAX Return (NAV) | -3.6% | -17.1% | na | na | na | na | na | na | na | na | na |
| QETAX Grade | F | F | na | na | na | na | na | na | na | na | na |
| +/- Category | -10.8% | -20.2% | na | na | na | na | na | na | na | na | na |
| Systematic Trend Avg | 7.2% | 3.1% | 0.4% | -3.8% | 21.5% | 4.9% | 5.1% | 5.3% | -5.4% | 4.5% | -3.4% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $41 Mil |
| Fund Total Assets: | $ 10 Mil |
| Share Class Type: | Adv |
| Portfolio Turnover: | 161% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.8 years | |||
| Average Tenure: 1.8 years | |||
| Managers (Year): Poppe Daniel (2024), Wagner Jerry (2024) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 18.6% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 21.9% |
| Cash: | 59.5% |
Purchase Information
| Fund Family: | Advisors Preferred |
| Phone Number: | 855-647-8268 |
| Website: | www.advisorspreferred.com |
| Status: | Open |
| Inception Date: | January 31, 2025 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $10,000 |
| 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 (%): | 2.37% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.02% |
| Share Class: | Quantified Eckhardt Managed Fut Str Inv |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $1,000 |
