Investment Approach
The Fund seeks to achieve long-term capital appreciation. An evolutionary approach to managed futures which combines a focus on trend following with active fixed income management.
Managed Futures Strategy
Designed to achieve capital appreciation in the financial and commodities futures markets. The Fund may allocate up to 25% to securities that access managed futures, and attempt to maintain exposure to managed futures strategies as if between 100%-125% of the Fund’s net assets were invested in managed futures strategies.
Fixed Income Strategy
Designed to generate interest income and capital appreciation through various sub-strategies including “core fixed income”, “low duration”, and “opportunistic income”.
We believe the key differentiator of the Altegris Futures Evolution Strategy Fund is the fixed income allocation. Assets of the Fund not directed by the adviser to investments in managed futures investments will be allocated to investments in fixed income strategies by the sub-adviser, DoubleLine Capital LP. This active fixed income approach has the ability to invest in securities of varying quality or maturity.
Investing involves risk, including loss of principal. There is no guarantee that the investing strategy will achieve it’s goals. Derivatives Risk: Futures, options and swaps involve risks different from, or possibly greater than the risks associated with investing directly in securities including leverage risk, tracking risk and counterparty default risk in the case of over the counter derivatives. Option positions may expire worthless exposing the Fund to potentially significant losses. Fixed Income Risk: When a fund invest in fixed income securities or derivatives, the value of your investment in the fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities or derivatives owned by a fund.
