GBLMX — Astor Macro Alternative Fund
Data updated: 2024-04-01
GBLMX — Astor Macro Alternative Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $11.64M AUM. Holdings, fees, performance and SEC filings.
GBLMX Fund Overview
GBLMX — Astor Macro Alternative 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: $11.64M
- 1-year return: 3.3%
- Ticker: GBLMX
- SEC CIK: 0001314414
- SEC series ID: S000044522
- Share class ID: C000138519
GBLMX Investment Objective and Strategy
Astor Macro Alternative Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.
Investment objective
The Fund seeks to provide positive returns over a market cycle regardless of market conditions or general market direction.
Principal investment strategy
The Astor Macro Alternative Fund (the Fund) utilizes multiple quantitative strategies implemented over a broad variety of asset classes and countries in seeking to achieve its investment objective and generate high risk-adjusted returns (capital appreciation) with lower volatility than the global equity markets. While the Fund may generate income that is not expected to be the primary source of achieving its investment objective. The Fund may invest in domestic or foreign equity or fixed income securities and will also seek exposure to global currency and commodity markets by investing primarily in exchange traded funds (ETFs) and futures contracts. The Fund may also invest in swap contracts, or securities directly, to achieve its investment objective. The Fund invests in ETFs that each invest primarily in either equity securities (common and preferred stocks) or fixed-income securities (such as bonds, notes and debentures).
The Fund utilizes an asset allocation model to determine the percentage of exposure to specific global markets and equity securities vs. fixed income. The Fund invests in ETFs without restriction as to the underlying securities issuers capitalization, country or currency. With respect to fixed income securities, the Fund invests primarily in those rated BBB- or higher by Standard and Poors Rating Group or similarly rated by another nationally recognized statistical rating organization (NRSRO) with a maximum duration of 30 years or less. However, the Fund may invest in fixed income securities of any credit quality (including high yield), and any maturity. The Fund gains exposure to various assets classes and global markets, including emerging markets, by investing in both ETFs and futures contracts linked to stock indices, fixed income, currency and commodities (such as base metals, agriculture, soft goods, and energy).
The Funds investment adviser seeks superior returns and below-market volatility through a tactical asset allocation strategy based on its proprietary macroeconomic model and investment philosophy to select assets that it believes have the potential to generate positive returns in the given economic environment. For example, a strong economy in a given country could lead the Fund to take larger positions in equity investments, while reducing its exposure to such countrys fixed income or bond markets. The advisers investment model and philosophy uses quantitative indicators to analyze country-specific economic data inputs including: (1) employment, (2) economic output (through data such as gross domestic product or GDP) and (3) overall market conditions. The adviser uses these inputs to determine, what the adviser believes to be, the current level of economic growth.
Once the economic level is identified, the adviser tactically allocates assets among various market segments and rebalances the Funds investment portfolio with the goal of achieving positive returns with relatively low return volatility compared to the global markets throughout all phases of the business cycle. The adviser anticipates rebalancing the Funds portfolio based upon its determination of changes in the economic cycle as well as other proprietary indicators. In making investment decisions outside the US, the Fund also considers relative inflation rates, the rate of currency appreciation relative to inflation, current account deficits and the state of the world business cycle. In addition the adviser considers a wide variety of financial market data including short and long term interest rates, and the difference between those rates and those of the United States, valuation ratios, recent market volatility and recent market volatility relative to the price of options.
The Fund may hedge its long portfolio by maintaining short exposure through futures, or purchasing inverse ETFs. The Fund may also hedge its currency exposure on international equity positions through its fundamental currency strategy which trades futures linked to currency such as the GBP, EUR, JPY, and AUD in equal weighting long, short, or neutral against one another and a currency momentum strategy that utilizes futures to trade such currencies against the dollar. Subsidiary The Fund may execute portions of its investment strategy (e.g. commodities exposure), by investing up to 25% of its total assets (measured at the time of purchase) in a wholly-owned and controlled Subsidiary. The Subsidiary will invest primarily in futures contracts for assets such as commodities, currencies and fixed income securities.
However, the Fund may also make these investments outside of the Subsidiary. The Subsidiary is subject to the same investment restrictions as the Fund, when viewed on a consolidated basis. The principal investment strategies and principal investment risks of the Subsidiary are also principal investment strategies and principal risks of the Fund and are reflected in this Prospectus. By investing in futures contacts indirectly through the Subsidiary, the Fund will obtain exposure to financial markets such as commodities within the federal tax requirements that apply to the Fund. Because the Fund may invest a substantial portion of its assets in the Subsidiary, references to the Fund may also include the Subsidiary. In seeking to fulfill the Funds investment objective, the adviser may engage in frequent trading of the Funds portfolio securities.
GBLMX Holdings
Top 10 holdings of Astor Macro Alternative Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShare Trust | 29.09% |
| iShare Trust | 28.89% |
| Kraneshares Tr | 9.85% |
| iShare Trust | 8.43% |
| iShare Trust | 3.35% |
| Invesco QQQ Trust | 2.47% |
| Alps Etf Trust | 1.60% |
| Ishares Inc | 0.51% |
| Ishares Inc | 0.30% |
| Ishares Inc | 0.30% |
GBLMX Portfolio Allocation
Asset-class allocation of Astor Macro Alternative Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 85.3% |
| Real Estate | 0.2% |
| Derivatives | 0.2% |
GBLMX Performance
Total returns for GBLMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.3% |
| 3 years (annualised) | -0.5% |
GBLMX Risk Information
Risk metrics for GBLMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.1%
GBLMX Costs and Fees
GBLMX costs about $184 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.84%
- Gross expense ratio: 2.71%
- Portfolio turnover: 103%
- Brokerage commissions: 3.80 bps of average net assets (SEC N-CEN)
GBLMX Cashflows
Over the 12 months to 2024-01, Astor Macro Alternative Fund had net inflows of $20.48M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | $824.22K |
| 2023-12 | $1.17M |
| 2023-11 | $563.88K |
| 2023-10 | $591.74K |
| 2023-09 | $1.83M |
| 2023-08 | $3.40M |
GBLMX Debt Constituents
No individual debt constituents are reported in Astor Macro Alternative Fund's latest SEC N-PORT filing.
GBLMX Prospectus and SEC Filings
Official Astor Macro Alternative Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-11-17
- Prospectus (485BPOS) — filed 2022-11-25
- Prospectus supplement (497) — filed 2021-11-03
- Portfolio holdings (N-PORT) — filed 2024-04-01
- Portfolio holdings (N-PORT) — filed 2023-12-27
- Portfolio holdings (N-PORT) — filed 2023-09-29
- Annual census (N-CEN) — filed 2023-10-13
- Annual census (N-CEN) — filed 2022-10-14
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.