Address And Details

515 Madison Avenue , New York, NY 10022
Fund Manager Akos Beleznay
Manager Tenure 5 Years 1 Months

Strategy And Objective

The investment objective of the Portfolio is to seek to achieve attractive long-term risk-adjusted returns relative to traditional financial market indices. The Portfolio seeks to achieve its investment objective by attempting to outperform the returns of a variety of macro investment strategies. Macro based strategies aim to exploit macro-economic imbalances across the globe. Macro based strategies may be implemented through a broad range of asset classes including, but not limited to, equities, fixed income, currency and commodities. The Portfolio will seek to outperform the returns of various macro based investment strategies, such as, among others, systematic diversified, discretionary thematic, active trading, commodity, currency and multi-strategy. Systematic diversified strategies seek to identify opportunities in markets exhibiting trending or momentum characteristics across individual instruments or asset classes. Systematic diversified strategies typically employ a quantitative process using mathematical, algorithmic or technical models with little or no influence of individuals responsible for decisions the portfolio positions that track this strategy. Discretionary thematic strategies employ a top down analysis of macroeconomic variables. This strategy relies on individuals to evaluate market data, relationships and influences. Discretionary thematic strategies seek exposure to developed and emerging markets and include equity, fixed income and currency investments. Discretionary thematic strategies typically contain contrarian or volatility focused components. Active trading strategies use active trading methods, typically with high frequency position turnover or leverage. Active trading strategies emphasize rapid market response to new information and high volume turnover in liquid, but volatile, positions. Commodity strategies seek to identify opportunities in markets exhibiting trending or momentum characteristics across commodity asset classes, and frequently may also include exposure to commodity sensitive equities. Commodity strategies seek exposure to developed and emerging markets and include equity, fixed income and currency investments. Commodity strategies are often implemented using derivatives. Currency strategies seek to identify opportunities in markets exhibiting trending or momentum characteristics across various currencies, and frequently include exposure to sovereign bonds. Currency strategies seek exposure to currencies in developed and emerging markets and may include equity, fixed income and currency investments. Multi-strategy strategies focus on the fundamental relationship across geographic areas within and among various asset classes. Multi-strategy strategies employ systematic, quantitative evaluation of macroeconomic variables and employ some combination of systematic diversified, discretionary thematic, active trading, commodity and currency strategies. The Portfolio expects to gain exposure to these investment strategies and asset classes primarily through exchange-traded products, such as exchange-traded funds ( ETFs ), exchange-traded notes ( ETNs ) and mutual funds. The Portfolio will also make significant use of swaps and other derivative instruments to gain exposure to one or more asset classes, individual investments or investment strategies, as well as to generate leverage or hedge the Portfolios exposure to an asset class, individual investment or group of investments. Other derivative instruments that may be utilized by the Portfolio include options, futures, options on futures and forward contracts. The Portfolio may also invest directly in equities, fixed income securities and currencies.

Net Asset Value

as of 7:12 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.20%
  • 1 Month
  • -0.50%
  • 3 Months
  • +0.92%
  • 1 Yr Return
  • +13.59%
  • 5 Yr Return
  • +6.02%

Equity Sector Breakdown

Finance 62.65%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 61.00%
Stocks 1.65%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 3.71 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.92 -3.21 -2.45
Beta 0.32 0.31 0.20
R Squared 0.52 0.48 0.24
Std Deviation 8.21 6.78 5.44
Sharpe Ratio 0.58 0.29 n/a

Purchase Information

as of 7:05 PM ET 09/16/2021
Minimum Initial $1000000
Minimum Additional $100
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +13.16%
  • +19.35%
+13.16% +19.35%
3 Year
  • +5.50%
  • +5.64%
+5.50% +5.64%
10 Year
  • +1.02%
  • +1.17%
+1.02% +1.17%
Life Of Fund
  • +1.23%
  • +1.29%
+1.23% +1.29%

Top 10 Holdings

Symbol Company Name % Of Assets
GSG ISHARES GSCI COMMODITY IND TR 5.08%
RSP INVESCO S&P 500 EQUAL WEIGHT 5.01%
JASSX ALPHA JAMES STRUCTURED CREDIT 21.44%
IYLD ISHARES MORNINGSTAR MULTI-ASS 2.82%
O9P ISHARES BARCLAYS USD ASIA HIG 2.65%
BNDX VANGUARD TOTAL INTL BOND ETF 2.49%
HYG ISHARES IBOXX HIGH YLD CORP B 2.17%
UNG UNITED STATES NATURAL GAS FD 1.67%
EEM ISHARES MSCI EMERGING MKTS 1.65%
USCI UNITED STATES COMMODITY INDEX 1.53%

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