EVONX: Altegris Futures Evolution Strategy Fund - MutualFunds.com

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Altegris Futures Evolution Strategy N

EVONX - Snapshot

Vitals

  • YTD Return -19.7%
  • 3 Yr Annualized Return -5.5%
  • 5 Yr Annualized Return -3.8%
  • Net Assets $240 M
  • Holdings in Top 10 33.1%

52 WEEK LOW AND HIGH

$7.48
$7.27
$9.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.19%

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) $2,500
  • IRA N/A

Fund Classification

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

Compare EVONX to Popular Managed Futures Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$8.25

0.00%

$3.36 B

3.16%

$0.26

-0.72%

1.21%

$10.03

-0.50%

$1.44 B

4.53%

$0.46

7.16%

1.53%

$10.34

-0.48%

$1.30 B

2.19%

$0.23

2.68%

1.94%

$8.70

-0.23%

$1.10 B

1.78%

$0.16

1.64%

2.16%

$11.24

-0.27%

$865.97 M

5.90%

$0.66

3.21%

1.89%

EVONX - Profile

Distributions

  • YTD Total Return -19.7%
  • 3 Yr Annualized Total Return -5.5%
  • 5 Yr Annualized Total Return -3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.29%
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
    N
  • 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.


EVONX - Performance

Return Ranking - Trailing

Period EVONX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.7% -23.1% 12.6% 96.12%
1 Yr -23.8% -25.8% 13.7% 96.12%
3 Yr -5.5%* -7.6% 10.5% 86.96%
5 Yr -3.8%* -7.7% 7.5% 86.75%
10 Yr N/A* -2.3% 2.4% N/A

* Annualized

Return Ranking - Calendar

Period EVONX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -9.3% 17.5% 24.51%
2018 -12.1% -25.8% 2.2% 69.57%
2017 7.2% -5.1% 16.7% 15.19%
2016 -7.6% -20.3% 8.1% 62.16%
2015 -5.0% -15.9% 14.0% 75.71%

Total Return Ranking - Trailing

Period EVONX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.7% -23.1% 12.6% 96.12%
1 Yr -23.8% -29.5% 13.7% 95.15%
3 Yr -5.5%* -8.8% 8.3% 84.78%
5 Yr -3.8%* -7.7% 6.5% 81.93%
10 Yr N/A* -2.3% 2.4% N/A

* Annualized

Total Return Ranking - Calendar

Period EVONX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -9.3% 17.5% 24.51%
2018 -7.8% -20.3% 2.5% 51.09%
2017 8.7% -5.1% 19.4% 15.19%
2016 -1.4% -20.3% 10.8% 37.84%
2015 3.0% -15.9% 22.6% 31.43%

NAV & Total Return History


EVONX - Holdings

Concentration Analysis

EVONX Category Low Category High EVONX % Rank
Net Assets 240 M 2.2 M 3.36 B 37.86%
Number of Holdings 583 3 738 7.77%
Net Assets in Top 10 97.1 M 295 K 12.2 B 51.46%
Weighting of Top 10 33.06% 11.5% 99.4% 80.00%

Top 10 Holdings

  1. Option on NOMURA Co Ltd 15.98%
  2. Option on NOMURA Co Ltd 15.98%
  3. Option on NOMURA Co Ltd 15.98%
  4. Option on NOMURA Co Ltd 15.98%
  5. Option on NOMURA Co Ltd 15.98%
  6. Option on NOMURA Co Ltd 15.98%
  7. Option on NOMURA Co Ltd 15.98%
  8. Option on NOMURA Co Ltd 15.98%
  9. Option on NOMURA Co Ltd 15.98%
  10. Option on NOMURA Co Ltd 15.98%

Asset Allocation

Weighting Return Low Return High EVONX % Rank
Bonds
66.61% -381.41% 1096.85% 39.81%
Stocks
25.33% -1.48% 233.16% 18.45%
Cash
7.45% -1106.74% 438.67% 53.40%
Convertible Bonds
0.61% 0.00% 2.02% 16.50%
Preferred Stocks
0.00% 0.00% 0.11% 41.75%
Other
0.00% -34.96% 110.15% 79.61%

Bond Sector Breakdown

Weighting Return Low Return High EVONX % Rank
Securitized
69.19% 0.00% 69.19% 0.97%
Corporate
15.76% 0.00% 27.67% 6.80%
Cash & Equivalents
9.98% 1.02% 100.00% 82.52%
Government
5.01% 0.00% 76.56% 70.87%
Municipal
0.06% 0.00% 3.51% 12.62%
Derivative
0.00% 0.00% 61.99% 81.55%

Bond Geographic Breakdown

Weighting Return Low Return High EVONX % Rank
US
51.13% -381.41% 171.96% 31.07%
Non US
15.48% -11.90% 1080.17% 30.10%

EVONX - Expenses

Operational Fees

EVONX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.19% 0.75% 9.89% 40.78%
Management Fee 1.50% 0.25% 2.99% 70.87%
12b-1 Fee 0.25% 0.00% 1.00% 40.30%
Administrative Fee N/A 0.05% 0.45% 11.11%

Sales Fees

EVONX 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% 5.00% N/A

Trading Fees

EVONX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 1.00% 25.00%

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.

EVONX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 184.00% 70.27%

EVONX - Distributions

Dividend Yield Analysis

EVONX Category Low Category High EVONX % Rank
Dividend Yield 0.00% 0.00% 10.76% 45.63%

Dividend Distribution Analysis

EVONX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Net Income Ratio Analysis

EVONX Category Low Category High EVONX % Rank
Net Income Ratio 1.29% -2.10% 2.13% 9.71%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

EVONX - Fund Manager Analysis

Managers

Matthew Osborne


Start Date

Tenure

Tenure Rank

Oct 31, 2011

8.92

8.9%

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

8.92

8.9%

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.

Antolin Garza


Start Date

Tenure

Tenure Rank

Jul 10, 2020

0.22

0.2%

Antolin Garza serves as a Portfolio Manager and Senior Research Analyst at Altegris Advisors. Mr. Garza has served as a Senior Research Analyst since December 2014. His responsibilities include portfolio management, manager sourcing, research, and due diligence across a wide variety of alternative strategies. Mr. Garza brings over seven years of alternative investment experience. Since joining the Adviser in December 2012, Mr. Garza served as Associate Vice President, Research Analyst through November 2014. Prior to joining the Adviser, Mr. Garza served as Research Analyst, Hedge Funds at New England Pension Consultants (NEPC) from December 2010 to November 2012. As a member of the NEPC hedge fund research team, Mr. Garza was responsible for performing due diligence on credit oriented and fund of hedge fund managers, writing commentary on manager strategies, and preparing investment analysis and recommendations for the Firm's Investment Committee. In addition to research responsibilities, Mr. Garza assisted in constructing hedge fund portfolios for implementation byinstitutional clients. At NEPC, where beginning in September 2008, Mr. Garza served in various capacities, including Hedge Fund Portfolio Analyst and Portfolio Analyst. Previously, Mr. Garza was employed by State Street Corporation as a Bank Loan Specialist in the Senior Loan Services Group. Mr. Garza received a BBA in Finance from the University of Texas, San Antonio.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 13.59 5.1 3.09