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Address And Details

8000 Maryland Avenue, Suite 700 , Saint Louis, MO 63105
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The investment objectives of the ACR Multi-Strategy Quality Return (MQR) Fund (the Fund or MQR Fund) are to preserve capital during periods of economic decline, and to provide above average absolute and relative returns in the long run. Return objectives are subordinate to the objective of preserving capital. The Fund seeks to preserve capital during periods of economic decline. In seeking to preserve capital, ACR Alpine Capital Research, LLC (ACR Alpine Capital Research , ACR or the Advisor) seeks to identify and avoid permanent loss. The Advisor considers permanent loss to refer to two general types of economic losses through a full market cycle: (I) the impairment of the fundamental value of a security and (ii) the payment of a speculative (higher) price to acquire the fundamental value of a security. The Advisor considers the fundamental value of security to be impaired when the earning power of an enterprise or security permanently declines, or the assets of an enterprise must be solder written down for a loss. The Advisor considers a securitys price to be speculative when it is in ordinately high relative to the Advisors estimated fundamental value of the security. In addition, the Advisor evaluates the financial condition of the enterprise or security in which the Fund invests to determine its ability to withstand difficult economic conditions. The Fund also seeks to provide above average absolute and relative returns in the long run. Above average absolute returns means returns higher than a fair equity-like return (i.e. the stock market returns over a full market cycle) commensurate with the risk of investing in equities in the long run. There is no assurance the Fund will provide above average absolute returns in the long run. In seeking above average absolute returns, the Advisor assigns a required return to each of the securities it selects for investment based on the Advisors assessment of the risk of the security. The weighted average required return of the portfolio becomes the absolute return expectation for the Fund. The Advisor then seeks to purchase each security at a discount to its estimated intrinsic value, to assure a margin of safety against a return below its assigned required absolute return expectation.

Net Asset Value

as of 5:28 PM ET 12/07/2021

Performance

  • 1 Week
  • +3.44%
  • 1 Month
  • -2.59%
  • 3 Months
  • -0.79%
  • 1 Yr Return
  • +27.48%
  • 5 Yr Return
  • +45.64%

Equity Sector Breakdown

Finance 25.58%
ConsumerDurables 13.60%
NonDurables 13.10%
RetailTrade 7.55%
Technology 4.45%
Utilities 4.38%
Services 3.45%
Energy 3.41%
IndustrialCyclical 2.88%
Health n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 81.11%
ForeignStocks 44.81%
Preferred 0.85%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 51.24 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -7.72 -7.44 n/a
Beta 1.16 1.09 n/a
R Squared 0.77 0.74 n/a
Std Deviation 24.51 19.38 n/a
Sharpe Ratio 0.69 0.62 n/a

Purchase Information

as of 5:28 PM ET 12/06/2021
Minimum Initial $10000
Minimum Additional $100
Minimum Initial IRA $10000

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +28.65%
  • +58.81%
+28.65% +58.81%
3 Year
  • +13.04%
  • +12.11%
+13.04% +12.11%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +7.53%
  • +8.02%
+7.53% +8.02%

Top 10 Holdings

Symbol Company Name % Of Assets
LEN LENNAR CORP 5.89%
PROTCT.O PROTECTOR FORSIKRING ASA 5.82%
FFH FAIRFAX FINANCIAL HOLDINGS 4.54%
WINE NAKED WINES PLC 4.44%
VOD VODAFONE GROUP PLC SP ADR 4.38%
JEF JEFFERIES FINANCIAL GROUP IN 4.37%
LBTYK LIBERTY GLOBAL PLC 4.29%
POM CIE PLASTIC OMNIUM SA 4.17%
BCS BARCLAYS PLC 3.96%
C CITIGROUP INC 3.83%

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