Altegris/AACA Opportunistic Real Estate Fund (RAAIX)
The investment seeks to provide total return through long term capital appreciation and current income by investing, both long and short, in equity securities of real estate and real estate related companies. Under normal circumstances, the fund invests at least 80% of its net assets (defined as net assets plus the amount of any borrowing for investment purposes) in both long and short positions in equity securities of "real estate" companies and "real estate related" companies (collectively "real estate companies"). It is non-diversified.
Fund Info
US66538B6855
66538B685
Jan 8, 2014
$1,000,000
Expense Ratio
RAAIX has a high expense ratio of 1.92%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Altegris/AACA Opportunistic Real Estate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Altegris/AACA Opportunistic Real Estate Fund had a return of -3.12% year-to-date (YTD) and 2.74% in the last 12 months. Over the past 10 years, Altegris/AACA Opportunistic Real Estate Fund had an annualized return of 1.13%, while the S&P 500 had an annualized return of 11.31%, indicating that Altegris/AACA Opportunistic Real Estate Fund did not perform as well as the benchmark.
RAAIX
-3.12%
-2.98%
-0.91%
2.74%
-7.01%
1.13%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of RAAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -2.82% | -3.12% | |||||||||||
| 2024 | -2.02% | 1.59% | 4.93% | -7.38% | 1.05% | 1.75% | 6.66% | -2.13% | 2.85% | -2.99% | 5.26% | -5.39% | 3.16% |
| 2023 | 12.76% | -4.23% | -1.45% | -0.98% | -5.11% | 5.38% | 1.73% | -1.13% | -8.03% | -5.43% | 10.45% | 9.46% | 11.46% |
| 2022 | -12.34% | -5.04% | 5.25% | -5.10% | -6.42% | -8.80% | 8.08% | -5.51% | -14.68% | 0.39% | 6.57% | -8.92% | -39.75% |
| 2021 | -3.34% | 6.19% | -0.41% | 3.77% | 0.48% | 3.74% | -5.25% | 5.80% | -6.49% | 6.62% | -6.93% | -7.13% | -4.45% |
| 2020 | 2.10% | -3.63% | -11.63% | 9.03% | 5.19% | 2.64% | 7.87% | 1.86% | -0.84% | -4.38% | 11.98% | 0.53% | 20.03% |
| 2019 | 12.50% | 2.60% | 6.19% | 4.01% | -1.99% | 3.24% | 3.63% | 5.22% | -0.14% | 0.51% | 1.97% | -0.06% | 43.87% |
| 2018 | 0.56% | -9.85% | 4.05% | 1.12% | 3.85% | 2.89% | -3.30% | 2.97% | -5.09% | -11.05% | 6.54% | -13.78% | -21.29% |
| 2017 | 2.77% | 4.94% | 0.86% | 2.54% | 0.34% | -1.10% | 0.69% | 3.24% | -1.14% | 2.23% | 5.95% | 0.65% | 24.01% |
| 2016 | -6.40% | -0.28% | 7.78% | 0.17% | 4.63% | 5.49% | 3.58% | -1.88% | -1.07% | -2.79% | 0.56% | 3.25% | 12.87% |
| 2015 | 2.45% | 2.56% | -0.33% | -1.64% | 1.67% | -4.71% | 5.02% | -6.43% | -2.18% | 1.97% | 0.25% | -2.09% | -3.98% |
| 2014 | 0.40% | 4.92% | 0.26% | 1.22% | 4.55% | 2.93% | 0.09% | 3.80% | -4.66% | 7.78% | 1.38% | -2.24% | 21.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RAAIX is 7, meaning it’s performing worse than 93% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Altegris/AACA Opportunistic Real Estate Fund (RAAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Altegris/AACA Opportunistic Real Estate Fund provided a 1.01% dividend yield over the last twelve months, with an annual payout of $0.13 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.13 | $0.13 | $0.00 | $0.89 | $0.00 | $0.15 | $0.09 | $0.00 | $0.07 | $0.05 | $0.16 | $0.09 |
Dividend yield | 1.01% | 0.98% | 0.00% | 7.68% | 0.00% | 0.69% | 0.49% | 0.00% | 0.45% | 0.38% | 1.42% | 0.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Altegris/AACA Opportunistic Real Estate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.15 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.09 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.16 |
| 2014 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Altegris/AACA Opportunistic Real Estate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Altegris/AACA Opportunistic Real Estate Fund was 55.05%, occurring on Oct 25, 2023. The portfolio has not yet recovered.
The current Altegris/AACA Opportunistic Real Estate Fund drawdown is 44.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.05% | Sep 8, 2021 | 537 | Oct 25, 2023 | — | — | — |
| -38.01% | Feb 19, 2020 | 24 | Mar 23, 2020 | 95 | Aug 6, 2020 | 119 |
| -28.89% | Jul 13, 2018 | 114 | Dec 24, 2018 | 131 | Jul 3, 2019 | 245 |
| -23.75% | Mar 23, 2015 | 224 | Feb 9, 2016 | 105 | Jul 11, 2016 | 329 |
| -11.83% | Jan 25, 2018 | 25 | Mar 1, 2018 | 73 | Jun 14, 2018 | 98 |
Volatility
Volatility Chart
The current Altegris/AACA Opportunistic Real Estate Fund volatility is 5.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.