SEI DBi Multi-Strategy Alternative ETF (QALT)

The SEI DBi Multi-Strategy Alternative ETF (QALT) seeks long-term capital appreciation by replicating the return profile (before taking into account the Fund’s fees and expenses) of a model portfolio of alternative strategies, which primarily consists of hedge funds (the "Composite"). 

QALT uses a quantitative, rules-based approach to dynamically allocate long and short positions across global equity, fixed income, and currency markets. It primarily invests in exchange-traded derivatives, such as futures, options, and swaps. It collateralizes these positions with cash and money market instruments.

It is designed to mirror the performance of a proprietary Composite composed of:

• Multi-Strategy Sleeve: An equal-weighted average of the 50 largest hedge funds (excluding managed futures), providing exposure to equity long/short, global macro, event-driven, and relative value strategies.
• Managed Futures Sleeve: A pool of leading commodity trading advisor fund managers using futures and forwards to capture directional market trends.

The fund does not invest directly in hedge funds but aims to deliver similar risk-adjusted returns through liquid instruments.

To determine if this Fund is an appropriate investment for you, carefully consider the fund’s investment objective, risks, and charges and expenses. This and other information can be found in the fund’s prospectus, and if available, the summary prospectus, which can be obtained through the link above. Please read the prospectus carefully prior to investing.

Investing involves risk, including possible loss of principal. There is no guarantee the Fund will achieve its investment objective. The Fund is subject to market, credit, and liquidity risks, particularly due to its use of derivatives such as futures, options, and swaps, which may amplify losses and be difficult to value or exit. Its long/short strategy and dynamic asset allocation across global equity, fixed income, and currency markets add complexity and exposure to volatility, interest rate changes, and geopolitical events. Short positions, in particular, carry the risk of unlimited losses if the value of the underlying securities rises, and may increase overall portfolio volatility.

Fixed income investments may decline in value as interest rates rise, and longer-duration securities tend to be more volatile. The Fund may also invest in below investment grade securities (junk bonds), which are more susceptible to default and price swings due to their speculative nature and sensitivity to economic downturns.

Investments in foreign and emerging markets carry additional risks from political instability, limited transparency, and currency fluctuations. Leverage may magnify gains and losses, and trading risks may cause shares to deviate from net asset value. Tax treatment of certain investments may also affect shareholder returns.

The market price returns are based on the official closing price of an ETF share or, if the official price isn’t available, the midpoint between the national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded at other times. NAVs are calculated using prices as of 4:00pm Eastern Time.

Definition of the 30-day median bid/ask spread: The median percentage by which the Fund’s price exceeds it bid price over the last 30 days.

SEI Investments Management Corporation (SIMC) is the adviser to the Fund, which is distributed by SEI Investments Distribution Co (SIDCO). SIMC and SIDCO are wholly owned subsidiaries of SEI Investments Company (SEI).