QGATX — Quantified Government Income Tactical Fund
Data updated: 2026-08-14
QGATX — Quantified Government Income Tactical Fund. Alternative · $24.02M AUM · 2.41% expense ratio. Holdings, fees, performance and SEC filings.
QGATX Fund Overview
QGATX — Quantified Government Income Tactical Fund is a US mutual fund managed by Advisors Preferred Trust, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors Preferred Trust
- Category: Alternative
- Assets under management: $24.02M
- Ticker: QGATX
- SEC CIK: 0001556505
- SEC series ID: S000071457
- Share class ID: C000226635
QGATX Investment Objective and Strategy
Quantified Government Income Tactical Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors Preferred Trust.
Investment objective
The Quantified Government Income Tactical Fund (the ?Fund?) seeks high total return consistent with a moderate tolerance for risk.
Principal investment strategy
The Fund?s investment adviser, Advisors Preferred, LLC (the ?Adviser?), delegates execution of the Fund?s investment strategy to the subadviser, Flexible Plan Investments, Ltd. (?FPI? or the ?Subadviser?). The Subadviser 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. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in U.S. government securities. The Fund defines U.S. government securities as debt instruments issued or guaranteed by the U.S. Treasury, any agency, instrumentality, or sponsored enterprise of the U.S. government and exchange-traded funds (?ETFs?), closed-end funds and mutual funds that invest primarily in the preceding debt instruments, and futures and swap contracts on the preceding instruments; and pooled investment vehicles that invest primarily in the preceding.
Certain pooled investment vehicles are classified as commodity pools. The Fund invests in commodity pools that primarily in financial futures such as interest rate, equity and currency futures. However, these pools may have lesser exposure to commodity-related and volatility-related futures. The ETFs, closed-end funds, mutual funds, and pooled investment vehicles aspect of the Fund?s strategy is commonly referred to as a fund-of-funds strategy. Additionally, under normal circumstances, the Fund invests primarily in income-producing securities. The Fund invests in securities of any maturity. The Fund may gain exposure to securities by using inverse and/or leveraging instruments (leveraged ETFs, futures contracts, forward contracts, options, and swap agreements) as substitutes for the refence asset regardless of whether they generate income.
The Subadviser may employ short positions for hedging purposes, to capture returns in down markets, or to take advantage of short-term trading opportunities. The Subadviser employs an aggressive management strategy that typically results in high portfolio turnover. As part of its principal investment strategy, the Fund may invest all or part of the Fund?s assets in short-term and ultrashort-term ETFs. In managing the Fund?s assets, the Subadviser employs a tactical dynamic asset allocation strategy. The Subadviser analyzes the overall investment opportunities of various fixed-income investments and market sectors to determine how to position the Fund?s portfolio. In making the decision to invest in a security, long or short, the Subadviser utilizes proprietary and third-party analysis models that evaluate interest rate trends and other macroeconomic data, market momentum, price patterns and other technical data or data related to accounting periods, tax events and other calendar-related events.
The Subadviser may use short positions to provide a hedge against rising rates and to take advantage of short-term trading opportunities. When the Subadviser believes U.S. Government interest rates are highly likely to rise or fall, it uses leverage to magnify the effects of the short-term moves. The Subadviser evaluates and ranks the short-term to intermediate-term performance of each potential and current portfolio investment and then invests in those securities that best fit the percentage allocations deemed beneficial by the Subadviser?s multiple proprietary algorithms. The Subadviser typically assigns each investment in which the Fund invests a minimum holding period, though an investment?s actual holding period and allocation weighting will depend on its performance ranking. By establishing holding periods, the Subadviser seeks to maintain longer-term core holdings in the Fund.
The Subadviser generally evaluates all investments weekly based on its allocation rankings but may reallocate more-or-less often to minimize the impact and costs associated with trading. In addition, the Subadviser uses the Fund as an asset allocation tool for its other clients, which may lead to purchases and redemptions of Fund shares. Responding to purchase and redemption-related fluctuations in the Fund?s size will result in portfolio turnover not directly related to the Subadviser?s investment analysis. The Fund may invest up to 25% of its total assets in a wholly owned and controlled subsidiary (the ?Subsidiary?). The Subsidiary is expected to provide the Fund with indirect exposure to certain instruments such as commodity futures within the limitations of the federal tax requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the ?code?).
The Subsidiary invests primarily in commodity pools. The Fund?s investments will be composed primarily of securities, even when viewing the Subsidiary on a consolidated basis. The Subsidiary, when viewed from a consolidated basis, is subject to the same investment restrictions as the Fund. On an aggregate basis with the Fund, the Subsidiary complies with the provisions of the 1940 Act in Sections 8 and 18 (regarding investment policies, capital structure and leverage); the Adviser and Sub-Adviser to the Subsidiary, are SEC-registered and each complies with the provisions of the 1940 Act in Section 15 (regarding investment advisory contracts) and the Subsidiary complies with the provisions of the 1940 Act in Section 17 (regarding affiliated transactions and custody) and employs the same custodian as the Fund.
QGATX Holdings
Top 3 holdings of Quantified Government Income Tactical Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Colchester Street Trust | 49.12% |
| First American Funds, Inc. | 49.12% |
| Ishares Trust | 0.18% |
QGATX Portfolio Allocation
Asset-class allocation of Quantified Government Income Tactical Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 98.2% |
| Equity | 0.2% |
QGATX Performance
Total returns for QGATX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -4.9% |
| 1 year | -2.6% |
| 3 years (annualised) | -2.6% |
| 5 years (annualised) | -5.6% |
QGATX Risk Information
Risk metrics for QGATX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
QGATX Costs and Fees
QGATX costs about $241 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.41%
- Gross expense ratio: 2.41%
- Portfolio turnover: 415%
- Brokerage commissions: 0.31 bps of average net assets (SEC N-CEN)
QGATX Cashflows
Over the 12 months to 2026-06, Quantified Government Income Tactical Fund had net outflows of $16.48M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$6.95M |
| 2026-05 | −$10.95M |
| 2026-04 | $4.32M |
| 2026-03 | $7.60M |
| 2026-02 | −$2.01M |
| 2026-01 | −$15.94M |
QGATX Debt Constituents
No individual debt constituents are reported in Quantified Government Income Tactical Fund's latest SEC N-PORT filing.
QGATX Prospectus and SEC Filings
Official Quantified Government Income Tactical Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-02
- Prospectus (485BPOS) — filed 2025-10-28
- Prospectus supplement (497) — filed 2026-06-12
- Portfolio holdings (N-PORT) — filed 2026-08-14
- Portfolio holdings (N-PORT) — filed 2026-05-08
- Portfolio holdings (N-PORT) — filed 2026-02-20
- Annual census (N-CEN) — filed 2024-09-12
- Annual census (N-CEN) — filed 2023-09-12
Related Funds
Other Alternative funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.