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QALT

GradeBNASDAQ Global Market

SEI DBi Multi-Strategy Alternative ETF

Multi-Asset & Alternatives · SEI · Inception 2023-06-30

$26.31+0.32 (+1.23%)

As of Sep 23, 2026, 2:13 PM EDT

History starts Aug 25, 2025.
Intraday session: up, 36 prints from 25.99 to 26.31. Range 25.89 to 26.34. Use the arrow keys to read each point.$25.90$26.00$26.10$26.2010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$194M
1Y return
+8.8%
Yield · Last 12 months
Data unavailable
Holdings
40
Volume · 30D
0M sh
NAV per share
$25.99
52W range
low $24.89high $27.04

The ETF.net QALT Grade

B

69/ 100

Rank 6 of 30 in Alternative Strategies⁠

Confidence Low

Six-pillar profile for QALT. Scores out of 100: Cost 79, Risk 55, Mission not scored, Tradability 67, Holdings not scored, Durability 65. Strongest: Cost (79). Weakest: Risk (55). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 79
    Category rank7/30 · top 23%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 55
    Category rank15/30 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 67
    Category rank7/30 · top 23%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank8/30 · top 27%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on QALT

ETF.net Research

BOne ticker, several hedge fund playbooks: SEI stacks sub-advisers running directional, event-driven and arbitrage strategies, and measures itself against 3-month T-bills instead of the S&P 500. It undercuts the typical alternatives fund on fees.

Stated mandate

The fund seeks positive absolute returns across market cycles with reduced correlation to stocks and bonds. It pursues this through multiple underlying funds and sub-advisers using directional or tactical, event-driven, and arbitrage approaches.

Why people hold it

  1. 01Charges 0.80% a year against a 1.07% median for alternatives funds. Multi-manager hedge fund exposure usually bills more than that.
  2. 02Not a one-trick fund. Directional or tactical, event-driven and arbitrage sleeves run side by side through several underlying funds and sub-advisers.
  3. 03The yardstick is 3-month T-bills, the cash hurdle hedge funds get judged on. The stated aim is positive absolute return with reduced correlation to stocks and bonds.
  4. 04Screens near the top of its alternatives peer group, and comes in under pricier multi-strategy options such as HFGM and HDG at 0.95%.

Worth knowing

  1. 01Launched in 2025, so there is no long record showing how this manager lineup behaves through a full market cycle.
  2. 02Trading is thin next to big index ETFs, which can mean wider spreads when you get in or out.
  3. 03Not the cheapest seat in the aisle: RNMN (0.59%) and CCEF (0.74%) charge less, though each runs a narrower strategy set than a multi-manager book.

QALT Holdings

As of Sep 20, 2026, 8:16 AM
Asset class
Other
Holdings
40
Top-10 weight
82%
Largest holding
Cash68.9%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash68.89%134,020,610$134M104
002—FHLBDN 10/09/261.54%3,000,000$3M3
003—PROCTER&GAMBLE 0% 10/6/261.45%2,824,000$3M1
004—SANOFI 0% CP 10/16/20261.44%2,814,000$3M1
005—KENVUEINC 0 CP 09/25/20261.44%2,807,000$3M1
006—ROCHE HOLDING AG CP1.44%2,800,000$3M1
007—NOVARTIS FINANCE CORP1.44%2,800,000$3M1
008—ILLINOIS TOOL 0CP 9/22/261.38%2,695,000$3M1
009—WALTDISNEY 0 CP 09/25/261.34%2,600,000$3M1
010—ARCHERDANIELS 0CP 9/23/261.29%2,513,000$3M1
011—HOMEDEPOT 0CP 09/28/261.29%2,509,000$3M1
012—WALMART STORES INC.1.28%2,502,000$2M1
013—COCA-COLA CO 0 CP 9/28/261.28%2,500,000$2M1
014—CISCO INC CP 0% 10/13/261.28%2,500,000$2M1
015—FHLBDN 10/22/261.17%2,279,000$2M1

Showing 1–15 of 27 holdings

QALT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

QALT$10,881
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. QALT $10,881. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QALT. Periods over one year show the average yearly return.
PeriodQALT
Year to date+5.5%
1 month−2.1%
3 months−1.8%
1 year+8.8%
3 yearsHistory unavailable—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QALT
YearReturn barQALT
2026 YTD+5.5%
2025+4.9%

History from Aug 25, 2025

QALT in the news

ETF.net Research hasn’t filed on QALT yet — coverage lands here as it’s written.

QALT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 17, 2025 $0.62; Dec 29, 2025 $0.66; Apr 6, 2026 $0.15; Jul 6, 2026 $0.15. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jul 6, 2026Jul 7, 2026$0.15
Apr 6, 2026Apr 7, 2026$0.15
Dec 29, 2025Dec 30, 2025$0.66
Dec 17, 2025Dec 18, 2025$0.62

QALT Risk

How much the fund’s monthly returns vary, scaled to a year.
7.2%
Annualised · 12 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.27
vs 3-month T-bills · 12 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−4.9%
12 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

QALT Cost

Expense ratio0.80%
  • The middle half of Alternative Strategies funds
  • Median 1.00%

6 of the 29 Alternative Strategies funds charge less.

QALT costs $80.00 a year on $10,000. The median Alternative Strategies fund costs $100.00.