Fundamental Multi-Strategy Alternative
A fundamentally constructed alternative multi-strategy seeking to deliver high risk-adjusted returns across various market environments with low volatility and market beta.
- Strategy Inception Date
- March 31, 2012
- Composite Inception Date
- March 31, 2012
- Composite AUM
- (as of 05/31/2019)
- $1.00 BN
- Composite Benchmark
- HFRX Global Hedge Fund Index
- Available Vehicles
-
Separate AccountCommingled Vehicle
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
| 3 mo |
ytd as of 2019-03-31
|
1 yr | 3 yr | 5 yr | since inception | |
| 2.89% | 2.89% | 2.12% | 3.22% | 3.51% | 4.85% | |
| 2.68% | 2.68% | 1.26% | 2.36% | 2.65% | 3.98% | |
| 2.60% | 2.60% | -3.32% | 1.95% | -0.30% | 0.94% | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
| 3 mo |
ytd as of 2019-05-31
|
1 yr | 3 yr | 5 yr | since inception | |
| 0.40% | 3.22% | 2.73% | 2.54% | 3.28% | 4.78% | |
| 0.19% | 2.86% | 1.87% | 1.68% | 2.42% | 3.91% | |
| -0.20% | 2.57% | -3.68% | 1.65% | -0.25% | 0.91% | |
OFI Global's Fundamental Multi-Strategy Alternative Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.
Please review the Complete Performance Disclosures
| Year | Fundamental Multi-Strategy Alternative (gross of fees) | Fundamental Multi-Strategy Alternative (net of fees) |
HFRX Global Hedge Fund Index
|
|---|---|---|---|
| 2013 | 11.00% | 10.08% | 6.72% |
| 2014 | 6.73% | 5.85% | -0.58% |
| 2015 | 4.39% | 3.52% | -3.64% |
| 2016 | 3.47% | 2.61% | 2.50% |
| 2017 | 3.36% | 2.50% | 5.99% |
| 2018 | -0.40% | -1.23% | -6.72% |
OFI Global's Fundamental Multi-Strategy Alternative Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.
Please review the Complete Performance Disclosures
Portfolio Holdings Breakdown
| Country | Fundamental Multi-Strategy Alternative | HFRX Global Hedge Fund Index | Overweight / Underweight |
|---|---|---|---|
| United States | 96.2% | - | - |
| Germany | 5.4% | - | - |
| Russia | 1.3% | - | - |
| Ireland | 1.2% | - | - |
| Canada | 1.2% | - | - |
| Taiwan | 0.9% | - | - |
| Peru | 0.4% | - | - |
| Switzerland | 0.3% | - | - |
| Supranational (non-iso) | 0.2% | - | - |
| Bermuda | 0.1% | - | - |
| Australia | 0.1% | - | - |
| Cayman Islands | 0.1% | - | - |
| Luxembourg | 0.1% | - | - |
| Developed Markets | Fundamental Multi-Strategy Alternative | HFRX Global Hedge Fund Index | Overweight / Underweight |
|---|---|---|---|
| Americas | 97.6% | - | - |
| Supranational | 0.2% | - | - |
| Asia Pacific | -2.7% | - | - |
| Europe | -10.4% | - | - |
| Emerging Markets | Fundamental Multi-Strategy Alternative | HFRX Global Hedge Fund Index | Overweight / Underweight |
|---|---|---|---|
| Europe | 1.3% | - | - |
| Americas | 0.4% | - | - |
| Asia Pacific | -6.6% | - | - |
| Equity Sector | Fundamental Multi-Strategy Alternative | HFRX Global Hedge Fund Index | Overweight / Underweight |
|---|---|---|---|
| Financials | 8.0% | - | - |
| Communication Services | 5.2% | - | - |
| Health Care | 4.0% | - | - |
| Industrials | 3.5% | - | - |
| Energy | 2.6% | - | - |
| Utilities | 2.3% | - | - |
| Broad Market | 2.3% | - | - |
| Materials | 2.0% | - | - |
| Information Technology | -0.2% | - | - |
| Consumer Staples | -0.7% | - | - |
| Consumer Discretionary | -1.2% | - | - |
| Real Estate | -5.2% | - | - |
| Fixed Income Sector | Fundamental Multi-Strategy Alternative | HFRX Global Hedge Fund Index | Overweight / Underweight |
|---|---|---|---|
| Corporates | 13.1% | - | - |
| ABS | 10.0% | - | - |
| Catastrophe | 1.3% | - | - |
| Sovereign | -4.1% | - | - |
| Asset Allocation | Fundamental Multi-Strategy Alternative | HFRX Global Hedge Fund Index | Overweight / Underweight |
|---|---|---|---|
| Equity | 22.5% | - | - |
| Fixed Income | 21.4% | - | - |
| Commodity | 4.3% | - | - |
| Other | -8.7% | - | - |
| Market Cap | Fundamental Multi-Strategy Alternative | HFRX Global Hedge Fund Index | Overweight / Underweight |
|---|---|---|---|
| Large | 29.6% | - | - |
| Small | 0.5% | - | - |
| Mid | -3.5% | - | - |
| Holding | Fundamental Multi-Strategy Alternative | HFRX Global Hedge Fund Index | Overweight / Underweight |
|---|---|---|---|
| Citi PB Collateral Cash | 22.5% | - | - |
| JP Morgan PB Collateral Cash | 15.2% | - | - |
| Euro-Bund Future, 2019-06- | 5.8% | - | - |
| Citibank NA, IG30 Index, Credit Default Swap | 5.4% | - | - |
| SPDR Gold Shares | 4.3% | - | - |
| IVZ Opp. Institutional Government Money Market Fund | 2.4% | - | - |
| Cisco Systems, Inc. | 2.0% | - | - |
| Philip Morris International, Inc. | 2.0% | - | - |
| CommVault Systems, Inc. | 2.0% | - | - |
| Alphabet, Inc. | 1.9% | - | - |
| Chubb Ltd. | 1.9% | - | - |
| Lockheed Martin Corp. | 1.6% | - | - |
| S&P Mid 400 Emini, 2019-06- | 1.5% | - | - |
| UnitedHealth Group, Inc. | 1.5% | - | - |
| RAMP Series 2006-NC3 Trust, Mtg. Asset-Backed Pass, FLT%, 3/25/36 | 1.5% | - | - |
| M&T Bank Corp. | 1.4% | - | - |
| Blackstone Mortgage Trust, Inc. | 1.4% | - | - |
| Residential Asset Securities Corp., (RASC 2006 KS2 M2), FLT%, 3/25/36 | 1.4% | - | - |
| Lukoil Intl Finance BV | 1.3% | - | - |
| Bank of America Corp.,VAR% Unsec. Sub. Nts., Perpetual | 1.3% | - | - |
Michelle Elena Borré Massick, CFA
Daryl Armstrong
Brian Giesen, CFA
Robert Herz, CFA
Jay D. Merchant, CFA
Timothy Mulvihill, CFA
John Corcoran
- 1. Holdings are subject to change and are dollar-weighted based on assets.
- 2. The mention of specific companies does not constitute a recommendation on behalf of OFI Global.
- 3. The holdings information shown above is derived from a representative account deemed to appropriately represent this management style. The specific securities identified are not representative of all of the securities purchased, sold or recommended for advisory clients. It should not be assumed that an investment in the securities identified was or will be profitable. Actual holdings will vary for each client and there is no guarantee that a particular client's account will hold any or all of the securities listed.
- 4. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
The Composite gross-of-fee returns reflect the reinvestment of income and the impact of transaction costs, but do not include the deduction of investment advisory fees, distribution expenses or any other account expenses, such as custodial fees. Composite net-of-fee returns are calculated by deducting a model investment advisory fee (using the maximum investment advisory fee as determined by the product's fee schedule) from the Composite gross-of-fee returns. Annual fees for the Fundamental Multi-Strategy Alternative product are 0.85% of the market value of assets under management. Actual fees may vary depending on, among other things, the vehicle type, applicable fee schedule and portfolio size. While actual portfolios incur transaction expenses, pay investment advisory fees, and may incur other account expenses, the ICE Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index is shown without the impact of such charges, and the HRFX Global Hedge Fund Index is net of expenses of the funds that are included in the index.