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As of 3/20/2025
0.01
As of 3/20/2025
A ’40 Act mutual fund
Fulcrum Diversified Absolute Return (FARIX) seeks to outperform bonds (over rolling five-year periods) with a similar standard deviation profile. With its low correlation and beta to both stocks and bonds, and good historical downside mitigation during volatile periods for markets, it can help diversify a portfolio consisting primarily of stocks and bonds.
Generate returns with low correlation to stocks and bonds.
Seeks to hedge against extreme losses.
Daily valued and reasonable fees.
All weather portfolio investing across equities, bonds, currencies and commodities, built from complementary strategies combining discretionary and systematic inputs, with each playing a specific role and contributing to performance. Tailored hedging overlay aims to protect against extreme losses.
Medium-term directional views across global equities, commodities and bonds
Percentage of Risk
30-40%
Expected Equity Beta*
+0.3
Shorter-term trading of market transitions across all asset classes
Percentage of Risk
40-50%
Expected Equity Beta*
-0.1
Medium-term trend following, technical signals on >170 markets
Percentage of Risk
0-10%
Expected Equity Beta*
+0.1
Absolute Return
Since inception low correlation to equities and negative to bonds
Expected Equity Beta*
+0.2
*Expected Equity Beta: A measure of the volatility of a security or portfolio compared to the market as a whole. Specifically, outlines the anticipated beta value associated with a portfolio’s equity holdings. By multiplying the beta-value of a given strategy or portfolio with the expected movement of the aggregated securities, the expected change in the overall risk of the portfolio can be determined.
In this video, Suhail Shaikh, Chief Investment Officer of Fulcrum gives an overview of Fulcrum, the investment team, the investment process and our key strengths.
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| as of February 28, 2025 | as of December 31, 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| February | YTD | Since Inception** | Q4-24 | 1 Year | 3 Years | 5 Years | Since Inception** | ||
| Fulcrum Diversified Absolute Return | -0.32% | 1.29% | 3.05% | 0.48% | 7.14% | 3.24% | 4.71% | 2.97% | |
| Wilshire Liquid Alternatives1 | 0.30% | 1.83% | 2.07% | -1.87% | 6.11% | 1.50% | 2.48% | 1.91% | |
| HFRX Global Hedge Fund Index2 | 0.28% | 1.29% | 2.09% | 0.13% | 5.21% | 1.22% | 2.80% | 1.98% | |
| Bloomberg US Agg Total Return3 | 2.20% | 2.74% | 1.63% | -3.06% | 1.25% | -2.41% | -0.33% | 1.37% | |
Note returnsfor periods greater than one year are annualized. **Inception date: July 31, 2015. ¹Representsthe Wilshire Liquid Alternative Index which measures the collective performance of the five Wilshire Liquid Alternative strategies that make up the Wilshire Liquid Alternative Universe. It is designed to provide a broad measure of the liquid alternative market by combining the performance of the Wilshire Liquid Alternative Equity Hedge Index (WLIQAEH), Wilshire Liquid Alternative Global Macro Index (WLIQAGM), Wilshire Liquid Alternative Relative Value Index (WLIQARV), Wilshire Liquid Alternative Multi-Strategy Index (WLIQAMS) and Wilshire Liquid Alternative Event Driven Index (WLIQAED) (Bloomberg ticker: WLIQA). ²The HFRX Global Hedge Fund Index is designed to be representative of the overall composition of the hedge fund universe. It is comprised of all eligible hedge fund strategies; including but not limited to convertible arbitrage, distressed securities, equity hedge, equity market neutral, event driven, macro, merger arbitrage, and relative value arbitrage. (Bloomberg ticker: HFRXGL). ³Represents the Bloomberg US Agg Total Return Value Unhedged USD, a broad-based flagship benchmark that measures the investment grade, US dollardenominated, fixed-rate taxable bond market. The index includes treasuries, government-related and corporate securities, MBS (agency fixed-rate pass-throughs), ABS and CMBS (agency and non-agency) (Bloomberg ticker LBUSTRUU).
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-855-538-5278.
FARIX
07/31/2015
0.90%
Annual
1.26%
$197.0m
1.25%
$7.3bn
Sept 2008
$5.7bn
*As of the prospectus dated October 28, 2024, the Adviser has contractually agreed to waive a portion or all of its management fees and pay Fund expenses in order to limit the total annual fund operating expense to 1.17% through at least October 28, 2025 excluding shareholder servicing fees; any front end or contingent deferred loads; brokerage fees and commissions; acquired fund fees and expenses (“AFFE”); fees and expenses associated with investment vehicles or derivative instruments; borrowing costs; taxes; and extraordinary expenses, such as litigation expenses.
Our disciplined investment process and risk management is driven by an experienced and stable senior team, who have complementary strengths and are supported by a team of over 30 investment professionals. We aim to be our clients’ most trusted long-term partner.
We share our latest macro views and analysis from our investment team, plus firmwide news.
Head of North America
Diversification does not assure a profit nor protect against loss in a declining market.
The Fulcrum Diversified Absolute Return Fund (the “Fund”) is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
An investment in the Fund is speculative and entails substantial risk. Before making an investment decision, a prospective investor should (i) consider the suitability of this investment with respect to the investor’s investment objectives and (ii) consider factors such as the investor’s investment goals, income, risk tolerance, and time horizon. Investors should read and consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the Fund. To obtain a hardcopy of the Fund’s prospectus, please call 855-538-5278.
Mutual fund investing involves risk. Principal loss is possible. There can be no assurance that the Fund’s investment objectives will be achieved. An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle. Past performance is not indicative of future results.
Absolute return strategies are not designed to outperform stocks and bonds during strong market rallies. Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. The value of commodity-linked derivative investments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or sectors affecting a particular industry or commodity, such as drought, floods, weather, embargoes, tariffs and international economic, political and regulatory developments. Derivatives involve special risks including correlation, counterparty, liquidity, leverage, operational, volatility, accounting and tax risks. These risks, in certain cases, may be greater than the risks presented by more traditional investments. Subject to the leverage limits of the Investment Company Act of 1940, as amended, the Fund may use leverage, which may exaggerate the effect of any increase or decrease in the value of portfolio securities or the net asset value of the Fund, and money borrowed will be subject to interest costs. The Fund invests in foreign securities, which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater in emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities.
This website is neither an offer to sell, nor a solicitation of an offer to purchase, any securities in the Fund or any of its affiliates. This website’s content is for informational purposes only and does not constitute investment advice, a recommendation or an offer to enter into any transaction with the Fund or any other fund. The Fund does not provide tax, accounting, financial, regulatory or legal advice, and all investors are advised to consult with their tax, accounting, financial, legal and/or other professional advisors. Any statement regarding such matters is explanatory and may not be relied upon as definitive advice.
The Fulcrum Diversified Absolute Return Fund is distributed by Northern Lights Distributors, LLC. Fulcrum Asset Management LLP is not affiliated with Northern Lights Distributors, LLC.
© Fulcrum Asset Management. 2025. All Rights Reserved. All third party trademarks are hereby acknowledged.
