RAAAX — Altegris/AACA Opportunistic Real Estate Fund
Data updated: 2025-12-01
RAAAX — Altegris/AACA Opportunistic Real Estate Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Multi-Cap / All-Cap Blend / Core Equity · $36.57M AUM · 2.80% expense ratio · -23.9% 1-yr return. From SEC regulatory filings.
RAAAX Fund Overview
RAAAX — Altegris/AACA Opportunistic Real Estate Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $36.57M
- 1-year return: -23.9%
- Ticker: RAAAX
- SEC CIK: 0001314414
- SEC series ID: S000043690
- Share class ID: C000135469
RAAAX Holdings
Top 10 holdings of Altegris/AACA Opportunistic Real Estate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| FTAI Aviation Ltd | 10.18% |
| FTAI Infrastructure Inc | 8.73% |
| American Tower Corporation | 7.15% |
| Cadiz Inc | 5.66% |
| IQHQ Inc | 5.51% |
| Cadiz Inc | 5.22% |
| Caesars Entertainment Inc. | 4.74% |
| Prologis Inc. | 4.64% |
| Ventas Inc. | 4.49% |
| Simon Property Group Inc | 4.39% |
RAAAX Portfolio Allocation
Asset-class allocation of Altegris/AACA Opportunistic Real Estate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
| Cash & Equivalents | 1.1% |
RAAAX Performance
Total returns for RAAAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -23.9% |
| 3 years (annualised) | -4.4% |
| 5 years (annualised) | -7.6% |
RAAAX Risk Information
Risk metrics for RAAAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.2%
RAAAX Costs and Fees
RAAAX costs about $280 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.80%
- Gross expense ratio: 2.96%
- Portfolio turnover: 44%
- Brokerage commissions: 12.69 bps of average net assets (SEC N-CEN)
RAAAX Cashflows
Over the 12 months to 2025-09, Altegris/AACA Opportunistic Real Estate Fund had net outflows of $70.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-09 | −$1.57M |
| 2025-08 | −$4.35M |
| 2025-07 | −$1.49M |
| 2025-06 | −$3.34M |
| 2025-05 | −$5.29M |
| 2025-04 | −$12.50M |
RAAAX Debt Constituents
No individual debt constituents are reported in Altegris/AACA Opportunistic Real Estate Fund's latest SEC N-PORT filing.
RAAAX Prospectus and SEC Filings
Official Altegris/AACA Opportunistic Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.