# Altegris/AACA Opportunistic Real Estate Fund I (RAAIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/raaix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2011-02-01 The fund endeavors to deliver comprehensive total returns, derived from both long-term capital growth and recurring income. It executes this strategy by strategically investing, through both long and short positions, in the equity securities of companies engaged in the real estate sector or activities closely tied to it. Under standard operating conditions, the fund dedicates a minimum of 80% of its overall assets (defined as net assets plus any funds borrowed for investment) to these equity holdings in real estate-centric enterprises. This investment vehicle is designated as non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $10.14 | | Expense Ratio | — | | AUM (All Share Classes) | $36.6M | | NAV | $10.14 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Quarterly | | 52-Week Range | $8.78 – $13.28 | | Beta | 1.34 | ## Latest Distribution - Amount: $0.0280 /share - Ex-date: 2025-10-30 - Pay date: 2025-10-31 ## Frequently Asked Questions ### What does RAAIX invest in? The fund endeavors to deliver comprehensive total returns, derived from both long-term capital growth and recurring income. It executes this strategy by strategically investing, through both long and short positions, in the equity securities of companies engaged in the real estate sector or activities closely tied to it. Under standard operating conditions, the fund dedicates a minimum of 80% of its overall assets (defined as net assets plus any funds borrowed for investment) to these equity holdings in real estate-centric enterprises. This investment vehicle is designated as non-diversified. ### What is the expense ratio of RAAIX? An expense ratio for Altegris/AACA Opportunistic Real Estate Fund I (RAAIX) 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 RAAIX? Altegris/AACA Opportunistic Real Estate Fund I (RAAIX) is one share class of a fund that manages $36.6M across all of its share classes (RAAAX 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 RAAIX actively managed or an index fund? RAAIX 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 RAAIX launched? Altegris/AACA Opportunistic Real Estate Fund I (RAAIX) launched in February 2011 and is managed by the fund issuer. ### How has RAAIX performed? RAAIX'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. ### Does RAAIX pay a dividend? Altegris/AACA Opportunistic Real Estate Fund I (RAAIX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RAAIX pay dividends? Altegris/AACA Opportunistic Real Estate Fund I pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RAAIX's dividend yield? RAAIX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is RAAIX's next ex-dividend date? The most recently announced ex-dividend date for RAAIX was 2025-10-30. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### Why is RAAIX's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Altegris/AACA Opportunistic Real Estate Fund I (RAAIX). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does RAAIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RAAIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/raaix - Distribution history: https://www.dividenddata.com/funds/raaix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/raaix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/raaix/expenses - Peer comparison: https://www.dividenddata.com/funds/raaix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.