COLLEGE PLANNING | ESTATE PLANNING | INVESTING | PORTFOLIO SPOTLIGHT | REAL ESTATE | RETIREMENT | TAX PLANNING
Standpoint Multi-Asset Fund
TICKER ASSETS
BLNDX $ 1 billion
PERFORMANCE |
YTD |
1 yr . |
3 yr . |
|
13.39 % |
13.92 % |
8.10 % |
TOP 5 HOLDINGS United States Treasury Bills 0 % 10 / 24 / 2024 ; Standpoint MultiAsset CFC ; United States Treasury Bills 0 % 09 / 24 / 2024 ; SPDR Portfolio S & P 500 ETF ; iShares Core S & P 500 ETF
CONTACT INFO 602-688-2918 • standpointfunds . com
Eric Crittenden
� �
ASSET ALLOCATION ( As a % of portfolio )
� 95 + A
■ Cash 38.94 %
■ Domestic Stock 31.26 %
■ Foreign Stock 16.01 %
■ Others 8.93 %
■ Domestic Bond 4.86 %
Performance and AUM as of 9 / 6 / 24 . Asset allocation as of 7 / 31 / 24 . Performance figures are for the institutional class shares . Sources : Standpoint Asset Management and Morningstar .
Are Managed Futures Really The Best Diversifier ?
The Standpoint Multi-Asset Fund makes the case that they are . By Jeff Schlegel
MANAGED FUTURES HAVE A REPUTATION problem . After word got out that this alternative asset class shined during the financial crisis , investors took notice and fund companies responded by launching ’ 40 Act products that offered much lower fees than traditional managed futures programs . But the timing was lousy , as managed futures on the whole delivered negative performance in four of the next five years following the crisis , according to the Barclay CTA index . As a result , some investors soured on the asset class .
Eric Crittenden lived through that up-and-down managed futures experience at his former job , so he understands the wariness people might feel toward these products . But he believes the fund he launched nearly five years ago is structured in a way that puts managed futures in a good position to accomplish what they ’ re designed to do , which is to provide portfolio diversification and stable returns throughout a market cycle .
According to Standpoint Asset Management , Crittenden ’ s Scottsdale , Ariz . -based firm , the Standpoint Multi-Asset Fund ’ s institutional share class has thumped the 20 largest alternative mutual funds on a few key metrics from its launch in late December 2019 through August 31 , 2024 , including funds by the likes of AQR Capital Management , BlackRock , Goldman Sachs and JPMorgan . Its 76.98 % total return beat the group average of 28.44 % during that period , while the annualized return was 13.00 % against the group average ’ s 5.39 % and its 0.92 Sharpe ratio bested the group average of 0.39 %. ( The firm also has an investor share class .)
Its maximum asset plunge during that time frame was 9.84 %. Seven other funds in the group suffered less-severe maximum declines , but the average worst falloff for the entire group was 13.46 %.
Crittenden says the fund ’ s all-weather strategy combines returns from equities , fixed income , commodities and curren-
OCTOBER 2024 | FINANCIAL ADVISOR MAGAZINE | 47