# Altegris/AACA Opportunistic Real Estate Fund N (RAANX): Mutual Fund Facts & Distributions

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- Issuer: — · Asset class: Equity
- Strategy: Actively Managed · Inception: 2014-01-10

This fund's primary objective is to generate overall returns, aiming for both substantial long-term growth in asset value and a steady stream of current income. It pursues this goal by strategically investing in the stock market, specifically taking both "long" (betting on price increases) and "short" (betting on price decreases) positions in shares of companies focused on real estate or real estate-related businesses. Under typical market conditions, the fund commits a significant portion—at least 80% of its total net assets, which includes any funds borrowed for investment purposes—to the...

## Key Facts

| Metric | Value |
|---|---|
| Price | $12.30 |
| Expense Ratio | — |
| Assets Under Management | $163.5M |
| NAV | $12.30 |
| Holdings Count | — |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | Semi-Annual |
| 52-Week Range | $11.13 – $12.33 |
| Beta | 1.20 |

## Latest Distribution

- Amount: $0.0390 /share
- Ex-date: 2020-12-17
- Pay date: —

## Frequently Asked Questions

### What does RAANX invest in?

This fund's primary objective is to generate overall returns, aiming for both substantial long-term growth in asset value and a steady stream of current income. It pursues this goal by strategically investing in the stock market, specifically taking both "long" (betting on price increases) and "short" (betting on price decreases) positions in shares of companies focused on real estate or real estate-related businesses. Under typical market conditions, the fund commits a significant portion—at least 80% of its total net assets, which includes any funds borrowed for investment purposes—to these real estate-centric equities. It is important to note that this fund is considered non-diversified.

### What is the expense ratio of RAANX?

An expense ratio for Altegris/AACA Opportunistic Real Estate Fund N (RAANX) 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 RAANX?

Altegris/AACA Opportunistic Real Estate Fund N (RAANX) manages $163.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is RAANX actively managed or an index fund?

RAANX 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 RAANX launched?

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

### How has RAANX performed?

RAANX'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 RAANX pay a dividend?

Altegris/AACA Opportunistic Real Estate Fund N (RAANX) 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 RAANX pay dividends?

Altegris/AACA Opportunistic Real Estate Fund N pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is RAANX's dividend yield?

RAANX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is RAANX's next ex-dividend date?

The most recently announced ex-dividend date for RAANX was 2020-12-17. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page.

### Why is RAANX'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 N (RAANX). 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 RAANX charge its expense ratio?

The expense ratio is deducted in tiny daily slices from RAANX'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/raanx
- Distribution history: https://www.dividenddata.com/funds/raanx/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/raanx/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/raanx/expenses
- Peer comparison: https://www.dividenddata.com/funds/raanx/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.