Altegris/AACA Opportunistic Real Estate Fund

Frequently Asked Questions About RAAAX

What does RAAAX invest in?

Ordinarily, the fund allocates a minimum of 80% of its total investment capital – encompassing both its net assets and any borrowed funds for investment purposes – to equity stakes. These stakes are held in both long and short positions within businesses operating in or closely connected to the real estate sector. It is important to note that the fund maintains a non-diversified portfolio.

What is the expense ratio of RAAAX?

An expense ratio for Altegris/AACA Opportunistic Real Estate Fund (RAAAX) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is RAAAX?

Altegris/AACA Opportunistic Real Estate Fund (RAAAX) is one share class of a fund that manages $36.6M across all of its share classes (RAAIX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is RAAAX actively managed or an index fund?

RAAAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds in exchange for the discretion to over- or under-weight positions.

When was RAAAX launched?

Altegris/AACA Opportunistic Real Estate Fund (RAAAX) launched in January 2014 and is managed by the fund issuer.

How has RAAAX performed?

RAAAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.