QPT — AdvisorShares Q Portfolio Blended Allocation ETF

QPT Fund Overview

QPT — AdvisorShares Q Portfolio Blended Allocation ETF is a US ETF managed by AdvisorShares Trust, categorised as Total Return Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: AdvisorShares Trust
• Category: Total Return Allocation
• Assets under management: $1.91M
• 1-year return: -25.3%
• Ticker: QPT
• SEC CIK: 0001408970
• SEC series ID: S000070110
• Share class ID: C000223022

QPT Investment Objective and Strategy

AdvisorShares Q Portfolio Blended Allocation ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AdvisorShares Trust.

Investment objective

The AdvisorShares Q Portfolio Blended Allocation ETF (the Fund) seeks to maximize total return over the long-term.

Principal investment strategy

The Fund is an actively managed ETF that is a fund of funds. The Fund invests in ETFs representing all asset classes, including, but not limited to, treasury bonds, municipal bonds, investment grade corporate bonds, high yield U.S. corporate bonds (sometimes referred to as junk bonds), municipal bonds, U.S. and foreign equities, and commodities. These underlying investments may be of any market capitalization, duration, maturity, and quality. The Fund seeks to strike a balance between long term growth and market volatility by maximizing returns relative to its peer group through a risk- and rewards-based approach to portfolio allocation as further described below. ThinkBetter, LLC (the Sub-Advisor) seeks to achieve this by adjusting the Funds portfolio after determining the expected drawdown of a typical balanced fund except, however, when faced with abnormal levels of implied volatility as measured by QIX, a proprietary implied volatility index owned by ThinkBetter Holdings, LLC, the parent company of the Sub-Advisor.

QIX is a weighted average, computed daily, of implied volatilities of certain large ETFs representing different market sectors in the various asset classes listed above. Implied volatility is the markets forecast of the likelihood of changes in a given securitys price. The greater a portfolios volatility, the wider the fluctuations between its high and low prices. In the event of implied volatility, whether up or down, the Fund takes a defensive position and seeks short-term fixed income returns. Expected drawdown is defined as the expected maximum peak to trough capital loss over a full market cycle. The term peak to trough refers to the stage of the business or market cycle from the end of a period of growth (peak) into declining activity and contraction until it hits its ultimate cyclical bottom (trough).

Within the constraints of the expected drawdown, the Sub-Advisor then utilizes Q Methodology, a proprietary risk analysis program, to determine the optimal risk/reward portfolio allocation. Q Methodology generates a set of optimal portfolios that offer the highest expected return for a defined level (which can fluctuate over time and is determined at the discretion of the Sub-Advisor) of tail risk (which is the risk that an investments return will move significantly beyond expectations, i.e. , more than three standard deviations from its mean) and expected drawdown. The resulting portfolio for the Fund is composed of a diversified mix of investments, including equities, fixed income, and commodities that are held through ETFs. Every month the portfolio is again adjusted by the Sub-Advisor through the application of Q Methodology.

When the market indicates a different risk/reward profile, adjustments to the Funds portfolio are made accordingly. The adjusted portfolio may consist of the same or different holdings and asset classes, depending upon the results of the methodology application and market movements. Asset classes can be added or removed based on the changes in the risk/reward characteristics. The Fund allocates to a defensive portfolio when implied volatility as measured by QIX is high and reverts back to its original investment strategy of striking a balance between long term growth and market volatility when implied volatility as measured by QIX is normal. In the event of a defensive position because of high implied volatility, the Fund invests in a mix of securities resulting in low portfolio tail risk and low expected drawdown ( i.e.

, a low volatility portfolio consisting of short-term fixed income securities). The Funds strategy may frequently involve buying and selling securities, which may lead to relatively high portfolio turnover.

QPT Performance

Total returns for QPT (as of 2026-10-01), from SEC filings.

QPT Risk Information

Risk metrics for QPT, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 18.0%

QPT Costs and Fees

QPT costs about $119 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.19%
• Gross expense ratio: 3.79%
• Portfolio turnover: 248%
• Brokerage commissions: 10.46 bps of average net assets (SEC N-CEN)

QPT Cashflows

Over the 12 months to 2022-09, AdvisorShares Q Portfolio Blended Allocation ETF had net inflows of $4.93M, from monthly SEC N-PORT filings.

QPT Debt Constituents

No individual debt constituents are reported in AdvisorShares Q Portfolio Blended Allocation ETF's latest SEC N-PORT filing.

QPT Prospectus and SEC Filings

Official AdvisorShares Q Portfolio Blended Allocation ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-10-29
• Prospectus (485BPOS) — filed 2021-01-05
• Portfolio holdings (N-PORT) — filed 2022-11-22
• Portfolio holdings (N-PORT) — filed 2022-08-19
• Portfolio holdings (N-PORT) — filed 2022-05-20
• Annual census (N-CEN) — filed 2022-09-08
• Annual census (N-CEN) — filed 2021-09-08

Related Funds

Other Total Return Allocation funds tracked on ABC INVEST:

• Federated Total Return Bond Fund (FTRFX)
• Columbia Balanced Fund (CBLAX)
• MFS Total Return Fund (MSFRX)
• AllianzGI Income & Growth Fund (AZNAX)
• AQR Risk Parity Fund (AQRNX)

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.