EVOIX: Altegris Futures Evolution Strategy I

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EVOIX Altegris Futures Evolution Strategy I


Profile

EVOIX - Profile

Vitals

  • YTD Return -19.2%
  • 3 Yr Annualized Return -7.7%
  • 5 Yr Annualized Return -7.1%
  • Net Assets $255 M
  • Holdings in Top 10 33.1%

52 WEEK LOW AND HIGH

$7.49
$7.35
$9.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.93%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Managed Futures

Distributions

  • YTD Total Return -19.2%
  • 3 Yr Annualized Total Return -6.0%
  • 5 Yr Annualized Total Return -3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Altegris Futures Evolution Strategy Fund
  • Fund Family Name
    Altegris
  • Inception Date
    Oct 31, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Osborne

Fund Description

The fund seeks to achieve its investment objective by allocating its assets between a "Managed Futures" strategy and a "Fixed Income" strategy. The Adviser expects that less than 100%, typically 15-25%, of the fund's total net assets will be invested in and/or used as collateral for, gaining exposure to Managed Futures strategies. The adviser expects that less than 100%, typically 60-80%, of the fund's total net assets will be allocated to Fixed Income strategies.


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Categories

Performance

EVOIX - Performance

Return Ranking - Trailing

Period EVOIX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.2% -19.3% 7.8% 95.24%
1 Yr -22.9% -31.6% 2.8% 88.10%
3 Yr -7.7%* -8.6% 1.9% 94.59%
5 Yr -7.1%* -9.1% 1.0% 81.82%
10 Yr N/A* -4.9% -2.2% N/A

* Annualized

Return Ranking - Calendar

Period EVOIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -7.5% 14.4% 21.43%
2018 -12.3% -25.8% 3.4% 72.50%
2017 7.3% -5.1% 16.7% 25.71%
2016 -7.8% -20.3% 1.1% 72.73%
2015 -5.3% -9.7% 6.0% 90.00%

Total Return Ranking - Trailing

Period EVOIX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.2% -19.3% 7.8% 95.24%
1 Yr -22.9% -31.6% 2.8% 88.10%
3 Yr -6.0%* -8.6% 1.9% 75.68%
5 Yr -3.2%* -5.8% 1.0% 51.52%
10 Yr N/A* -3.3% -1.2% N/A

* Annualized

Total Return Ranking - Calendar

Period EVOIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -7.5% 14.4% 21.43%
2018 -7.6% -20.3% 3.4% 55.00%
2017 9.1% -5.1% 19.4% 25.71%
2016 -1.2% -20.3% 4.5% 39.39%
2015 3.3% -4.6% 10.2% 23.33%

NAV & Total Return History


Holdings

EVOIX - Holdings

Concentration Analysis

EVOIX Category Low Category High EVOIX % Rank
Net Assets 255 M 3.02 M 258 M 16.67%
Number of Holdings 583 7 583 9.52%
Net Assets in Top 10 97.1 M 2.61 M 272 M 40.48%
Weighting of Top 10 33.06% 22.0% 186.3% 93.10%

Top 10 Holdings

  1. Option on NOMURA Co Ltd 15.98%
  2. Option on Nomura Research Institute Ltd 9.34%
  3. United States Treasury Notes 2.25% 1.52%
  4. Government National Mortgage Association 3% 1.12%
  5. Volt Lxxxvi Llc 2020-Npl2 2.98% 1.07%
  6. Legacy Mortgage Asset Trust 4% 0.95%
  7. AJAX MORTGAGE LOAN TRUST 3.95% 0.93%
  8. LEGACY MORTGAGE ASSET TRUST 3.25% 0.79%
  9. Government National Mortgage Association 3% 0.68%
  10. Madison Park Funding Xi Ltd 2.2% 0.67%

Asset Allocation

Weighting Return Low Return High EVOIX % Rank
Bonds
66.61% -381.41% 73.29% 14.29%
Stocks
25.33% -0.78% 25.33% 9.52%
Cash
7.45% -1.45% 438.67% 95.24%
Convertible Bonds
0.61% 0.00% 2.02% 21.43%
Preferred Stocks
0.00% 0.00% 0.00% 88.10%
Other
0.00% -0.01% 52.55% 92.86%

Bond Sector Breakdown

Weighting Return Low Return High EVOIX % Rank
Securitized
69.19% 0.00% 69.19% 9.52%
Corporate
15.76% 0.00% 48.01% 21.43%
Cash & Equivalents
9.98% -1.45% 83.52% 88.10%
Government
5.01% 0.00% 65.27% 73.81%
Municipal
0.06% 0.00% 5.41% 16.67%
Derivative
0.00% 0.00% 76.24% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High EVOIX % Rank
US
51.13% -381.41% 67.55% 21.43%
Non US
15.48% 0.00% 15.48% 9.52%

Expenses

EVOIX - Expenses

Operational Fees

EVOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.93% 1.21% 5.85% 54.76%
Management Fee 1.50% 0.25% 2.99% 83.33%
12b-1 Fee 0.00% 0.00% 1.00% 17.24%
Administrative Fee N/A 0.05% 0.25% 29.63%

Sales Fees

EVOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

EVOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 1.00% 100.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EVOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 184.00% 75.00%

Distributions

EVOIX - Distributions

Dividend Yield Analysis

EVOIX Category Low Category High EVOIX % Rank
Dividend Yield 0.00% 0.00% 3.02% 88.10%

Dividend Distribution Analysis

EVOIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

EVOIX Category Low Category High EVOIX % Rank
Net Income Ratio 1.55% -0.69% 2.13% 9.52%

Capital Gain Distribution Analysis

EVOIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

EVOIX - Fund Manager Analysis

Managers

Matthew Osborne


Start Date

Tenure

Tenure Rank

Oct 31, 2011

8.84

8.8%

Mr. Osborne is a Founder of Altegris Advisors, and has served as its Chief Investment Officer since January 2016, and was previously its Executive Vice President from February 2010 to June 2015, and Co-President from June 2015, to January 2016. From July 2002 to December 2014, he also served as Director and Vice President of Altegris Funds. He also serves as a manager and Executive Vice President of Altegris Clearing Solutions and, until December 2014, of Altegris Futures. Mr. Osborne brings more than 20 years of international business and financial market experience to his role in directing the managed futures strategies and related strategic initiatives for Altegris Advisors. Mr. Osborne was Director of Research for the Managed Investments Division of Man Financial. Previous to his role at Man Financial, Mr. Osborne served as Investment Manager for a family office in his native New Zealand where he was responsible for formulating investment policies and implementing a global asset allocation program that specialized in alternative investment strategies such as hedge funds and managed futures.

Jeffrey Gundlach


Start Date

Tenure

Tenure Rank

Oct 31, 2011

8.84

8.8%

Mr. Gundlach is CEO of DoubleLine. In 2011, he appeared on the cover of Barron's as "The New Bond King." In 2013, Institutional Investor named him "Money Manager of the Year." In 2012, 2015 and 2016, he was named one of "The Fifty Most Influential" in Bloomberg Markets. In 2017, he was inducted into the FIASI Fixed Income Hall of Fame. Mr. Gundlach is a summa cum laude graduate of Dartmouth College, with degrees in Mathematics and Philosophy.

Eric Bundonis


Start Date

Tenure

Tenure Rank

Jul 14, 2014

6.14

6.1%

Eric Bundonis, CFA, has served as Director of Research and Sourcing of Altegris since November 2014 and served as Vice President until July 2015. From February 2012 to November 2014, Mr. Bundonis was Co-Director of Research and Investments of Altegris. His responsibilities include portfolio management, manager sourcing, research, and due diligence across a wide variety of alternative strategies. From July 2009 to January 2012, Mr. Bundonis served as Vice President, Senior Research Analyst for an affiliate of Altegris. Prior to joining the Adviser in 2009, Mr. Bundonis was an Associate at OneCapital Management Partners in New York. As a member of OneCapital’s investment committee, Mr. Bundonis was responsible for identifying, selecting, and monitoring investments for multi-manager funds of hedge funds serving institutional and high net worth investors. Mr. Bundonis graduated from Middlebury College with a BA in History and attended the Post-Baccalaureate Program in Business at Columbia University. He is also a Chartered Financial Analyst and a member of the New York Society of Security Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.58 13.51 5.74 8.84