MutualFundWire.com: A $148MM-AUM Liquid Alt Fund Turns 20

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Friday, September 13, 2024

A $148MM-AUM Liquid Alt Fund Turns 20

The folks at a subadvised fund firm are celebrating a big milestone for one of their liquid alternative mutual funds.

Mary Catherine "Catherine" Ayers-Rigsby
Advisors Preferred LLC
President, CEO

Yesterday, Catherine Ayers-Rigsby, president of Advisors Preferred LLC [profile], and Ralph Doudera, managing member and portfolio manager at Hundredfold Advisors LLC, highlighted the recent 20th anniversary of the Hundredfold Select Alternative Fund (which reorganized as a series of the Advisors Preferred Trust in 2019 after moving to the Northern Lights Fund Trust II in 2011). Rockville, Maryland-based Advisors Preferred serves as the fund's investment advisor, while Virginia Beach, Virginia-based Hundredfold serves as subadvisor.

The 20-year-old comes in two flavors: service shares (SFHYX), with an expense ratio of 232 basis points and a $5,000 minimum initial investment; and investor shares (HFSAX), with an expense ratio of 139bps and a $1 million minimum. The service class' inception date was September 1, 2004, while the investor class' inception date was October 24, 2012. Per a Q2 2024 fact sheet , the fund has about $148 million in AUM.

Doudera, who also serves as CEO of Spectrum Financial (an RIA), has PMed the Hundredfold Select Alternative Fund since the beginning. As for Doudera's Hundredfold Select, it is principally owned by a charity, Simply Distribute. That structure is designed so that the subadvisor gives away "substantially all of its profits."

Ayers-Rigsby praises the fund for delivering "leading performance and risk management."

"We are extremely proud to be associated with Hundredfold Advisors," Ayers-Rigsby states. "Knowing the impact they are making via Simply Distribute is truly rewarding."

Doudera says that the fund "can be considered as a core holding in most investors' portfolios given the performance and risk management we have demonstrated."

"I originally designed the fund to be the only fund an investor would own," Doudera states. "That should give you a good idea of its intended characteristics."

The Hundredfold Select Alternative Funds' other service providers include: Ceros Financial Services, Inc. (an Advisors Preferred affiliate) as distributor; Cohen & Company, Ltd. as independent accounting firm; Thompson Hine LLP as counsel; U.S. Bank N.A. as custodian; and Ultimus Fund Solutions, LLC as dividend disbursing agent, shareholder servicing agent, and transfer agent.

Printed from: MFWire.com/story.asp?s=67903

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