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@davidrmoran- You know, I never noticed the "r" either. Just as @DrVenture said, that "r" somehow blends right into the "m".
Probably the only reason that I've ever gotten it right is because if I'm answering another poster I usually just copy their handle from their post and then stick an "@" in front of it. Pure luck.
@fred495 - I'm curious as to why you sold QLENX. Is it just because it's been lagging a bit after just 6 weeks into a new year or do you see something structurally wrong with its makeup? Or maybe you just use alt-type funds as trading vehicles. I see that ALLW has risen sharply to start the year but it is a different alt (?) animal and it has too short a history or my tastes.
Will do more research on ALLW. We are consolidating our many holdings. We like to get to a 10 or less and having broadly diversified funds/ETFs would help. We will be doing in-plan Roth conversion in our 401(K) plan,
I had 20% of my portfolio in the two AQR funds I mentioned. I recently came across ALLW and was intrigued by its well thought out "all weather" structure. As a reviewer said: "It's "the most thoughtfully constructed" risk parity fund that's readily available to "ordinary" investors." I decided to diversify away from AQR a bit but keep the well performing but less volatile QDSNX fund in my portfolio at 10%. I can't make a judgement as to whether or not there is "something structurally wrong" with QLENX, it has been a terrific performer over the past five years, but also something of a black box. I guess I am in the camp that is retired and doesn't really need a lot more money. I now prefer to err on the side of caution.
Sven, ALLW's date of inception is actually March 2025. It's been noted that it’s fine in a retirement portfolio. However, someone accumulating for retirement would miss out by being too conservative. The Dalio portfolio model apparently is pretty stable, more stable than global 60/40 and with a slightly better return (approx. 7.65% over the last 30 years). As a retired investor, that's good enough for me.
It will now be interesting to see what happens with these funds, PMs, INTL and U.S. holdings, as the Iran circumstances intensify. Which hold up? Which get hit hardest?
I am becoming convinced that taking a more serious look at ALLW is beneficial. At least for now.
How is ALLW up 9% YTD? Mostly bonds, should be up 2-3%?
@equalizer, on another forum someone posted "Just a reminder that ALLW's recent success is largely due to the price of gold. GDX is up 35% YTD; GLD is up 22%."
Good points! There are also some foreign equity holdings. No idea if this is a lasting formula, or just being in the right place at the right time. No real track record.
But, it may be "just the ticket" for the next 6-12 months?
AQR Diversifying Strategies Fund Class N (QDSNX) is an alternative multi-strategy fund with an outstanding 5 year performance history. I looked at investing in it, but am turned off by the high fees. It is a fund of funds, and from the MFO Search tool, I found the holdings and matched them with their funds as shown below. During the past five years each of these funds has had great performance, but looking at the 5 to 10 years prior to that performance is much more erratic. Here is the AQR website for the fund:
AQR Diversified Arbitrage I (ADAIX) AQR Equity Market Neutral R6 (QMNRX) AQR Macro Opportunities I (QGMIX) AQR Managed Futures Strategy HV I (QMHIX) AQR Multi-Asset I (AQRIX) AQR Style Premia Alternative I (QSPIX)
The website says that fund holdings and allocations are subject to change. I prefer a fund with a longer history. I like the concept, and will follow it.
I do like AQR Multi-Asset I (AQRIX, AQRNX) and am researching it as a possible buy candidate. It is Flexible Portfolio/multistrategy fund. IT has a 3.6% TTM yield.
I put a lot of money in AVALX last year (about 10% of my portfolio). It isn't strictly an alt fund but kind of behaves like one. Heavy in materials and energy. Anyway, I've been delighted with it.
Comments
Probably the only reason that I've ever gotten it right is because if I'm answering another poster I usually just copy their handle from their post and then stick an "@" in front of it. Pure luck.
I decided to diversify away from AQR a bit but keep the well performing but less volatile QDSNX fund in my portfolio at 10%.
I can't make a judgement as to whether or not there is "something structurally wrong" with QLENX, it has been a terrific performer over the past five years, but also something of a black box.
I guess I am in the camp that is retired and doesn't really need a lot more money. I now prefer to err on the side of caution.
22% Stocks (8% US, 14% int’l, 10% China)
55% fixed income
10% cash
0% derivatives
https://morningstar.com/etfs/xnas/allw/portfolio
New fund started this year. YTD 8.8%.
It's been noted that it’s fine in a retirement portfolio. However, someone accumulating for retirement would miss out by being too conservative.
The Dalio portfolio model apparently is pretty stable, more stable than global 60/40 and with a slightly better return (approx. 7.65% over the last 30 years).
As a retired investor, that's good enough for me.
ALLW..................0.62%....................9.64%
BRGOX..............-0.26........................8.06
JAKRX.................0.40........................9.14
QDSNX...............0.07.........................4.15
QLENX..............-0.05.......................-0.58
QQMNX............-0.18.........................1.55
compared to:
S&P 500...........-0.44.........................0.65
It will now be interesting to see what happens with these funds, PMs, INTL and U.S. holdings, as the Iran circumstances intensify. Which hold up? Which get hit hardest?
I am becoming convinced that taking a more serious look at ALLW is beneficial. At least for now.
https://ssga.com/library-content/products/fund-docs/etfs/us/insights-investment-ideas/spdr-allw-quarterly-snapshot.pdf
The entire portfolio holding is listed below:
But, it may be "just the ticket" for the next 6-12 months?
ALLW might be an interesting vehicle for this environment. Even ETFs that play defense can backfire.
I'm wondering if the old mare, PRPFX, is the way to go.
https://funds.aqr.com/Funds/Alternatives/AQR-Diversifying-Strategies-Fund/QDSNX#about
AQR Diversified Arbitrage I (ADAIX)
AQR Equity Market Neutral R6 (QMNRX)
AQR Macro Opportunities I (QGMIX)
AQR Managed Futures Strategy HV I (QMHIX)
AQR Multi-Asset I (AQRIX)
AQR Style Premia Alternative I (QSPIX)
The website says that fund holdings and allocations are subject to change. I prefer a fund with a longer history. I like the concept, and will follow it.
I do like AQR Multi-Asset I (AQRIX, AQRNX) and am researching it as a possible buy candidate. It is Flexible Portfolio/multistrategy fund. IT has a 3.6% TTM yield.
ALLW.................-1.43........................7.49%
BRGOX..............-0.53........................7.20
JAKRX...............-2.22........................6.84
QDSNX..............-0.90........................3.08
QLENX..............-0.84.......................-1.90
QQMNX..............0.04........................1.50
compared to:
S&P 500............-0.88.......................-0.23
Will delete JAKRX from my watch list of alternative funds, too volatile for my comfort level.