Altegris Futures Evolution Strategy Fund Marks Third Anniversary With Five Star Morningstar™ Rating

LA JOLLA, Calif., Dec. 8, 2014 /PRNewswire/ -- Altegris, a provider of premier alternative investments, announced today that the Altegris Futures Evolution Strategy Fund has achieved a 5-Star Overall Morningstar Rating for its Class A- LW, Class I and Class N Shares among 61 Managed Futures Funds as of November 30, 2014. Class A Shares achieved a 4-Star Overall Morningstar Rating among 61 Managed Futures Funds as of November 30, 2014.* Morningstar ratings vary among share classes and are based on historical risk-adjusted returns. Past performance is no guarantee of future results. 

The Altegris Futures Evolution Strategy Fund is a focused combination of what Altegris believes to be premier managers in the managed futures industry, combined with active cash management from DoubleLine Capital. The Fund's managed futures exposure is allocated to Winton Capital (Diversified Trading Program) and ISAM Management (Systematic Program), two industry-leading managers with decades of experience. The Fund seeks to provide broadly diversified managed futures exposure, with the added feature of DoubleLine Capital as the Fund's active fixed income sub-advisor.

"The Altegris approach is to pair industry-leading managed futures exposure with active fixed income management, and we did that by appointing DoubleLine Capital as the sub-advisor," said Matt Osborne, Co-Portfolio Manager and Executive Vice President at Altegris Advisors. "We work closely with DoubleLine to dynamically adjust the mix of strategies to meet the demands of a volatile fixed income environment. The combination of Winton and ISAM plus DoubleLine has generated a risk-return profile that is precisely the 'evolutionary' advantage that we sought."

Jeffrey Gundlach, Chief Executive Officer and Chief Investment Officer of DoubleLine Capital added: "The Altegris investment team collaborates with our portfolio managers at DoubleLine to determine the optimal mix of exposures across three of our fixed income strategies. Their keen understanding of fixed income markets has led to a great partnership and a very unique approach to managing the cash collateral. In other managed futures portfolios, the collateral is typically passively invested in short duration fixed income securities."

David Harding, CEO of Winton Capital Management said:  "Winton congratulates the AFES on its success to date and looks forward to continuing our contribution as a key advisor over the coming years."

Launched on October 31, 2011, the Altegris Futures Evolution Strategy Fund has approximately $354 million in assets as of November 30, 2014.

For more information about the Altegris Futures Evolution Strategy Fund, including performance and risks, visit: http://www.altegris.com/en/Funds/Mutual-Funds/Altegris-Futures-Evolution-Strategy-Fund.aspx

About Altegris

Altegris searches the world to find what we believe are the best alternative investments. Our suite of alternative investment solutions are designed for financial professionals and individuals seeking to improve portfolio diversification.

With one of the leading research and investment groups focused solely on alternative investments, Altegris follows a disciplined process for identifying, evaluating, selecting, and monitoring investment talent across a spectrum of alternative strategies including managed futures, global macro, long/short equity, event-driven and others. As veteran experts in the art and science of alternatives, Altegris guides investors through the complex and often opaque universe of alternative investing.

Alternatives are in our DNA. Our very name, Altegris, highlights our singular focus on alternatives, the highest standards of integrity, and a process that constantly seeks to minimize investor risk while maximizing potential returns.

The Altegris group of affiliated companies is wholly-owned and controlled by (i) private equity funds managed by Aquiline Capital Partners LLC and its affiliates ("Aquiline"), and by Genstar Capital Management, LLC and its affiliates ("Genstar"), and (ii) certain senior management of Altegris and other affiliates. Established in 2005, Aquiline focuses its investments exclusively in the financial services industry. Established in 1988, Genstar focuses its investment efforts across a variety of industries and sectors, including financial services. The Altegris companies include Altegris Investments, Altegris Advisors, Altegris Funds, and Altegris Clearing Solutions. As of November 30, 2014, Altegris had $2.46 billion in client assets.

For more information, please visit www.altegris.com or follow Altegris on twitter @Altegris.

* For the period ended November 30, 2014, Morningstar rated this Fund's Class I, A, A-Load Waived and N shares for the overall and three-year period.  Class I, Class A-Load Waived, and Class N shares received 5 stars and Class A received 4 stars for the overall and 3 year periods, respectively, among 61 Managed Futures Funds.   Performance reflects applicable fee waivers and reimbursements without which, the returns would be reduced and ratings could be lower.   The Fund may have experienced negative returns over the time periods rated.

MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL

The value of fixed income securities will typically fall when interest rates rise. Additionally, fixed income securities are subject to credit risk and risk of default. Below investment grade and lower quality high yield or junk bonds present heightened credit risk, liquidity risk, and potential for default.

Investing in commodity futures markets subjects the Fund to volatility as commodity futures prices are influenced by unfavorable weather, geologic and environmental factors, regulatory changes and restrictions. Trading on foreign exchanges and foreign investments involve risks not typically associated with U.S. investments, including fluctuations in foreign currency values, adverse social and economic developments, less liquidity, greater volatility, less developed or inefficient trading markets, political instability and differing auditing and legal standards. These risks are magnified in emerging markets.

The use of derivatives such as futures, swaps, structured notes, and options contracts expose the Fund to additional risks such as leverage risk, tracking risk and counterparty default risk.  Although futures contracts are generally liquid, under certain market conditions there may not always be a liquid secondary market. Option positions held may expire worthless and cause a loss. The use of leverage can increase share price volatility and magnify gains or losses, as well as cause the Fund to incur additional expenses.

The Fund may engage in short selling and short position derivative activities which are considered speculative and involve significant financial risk. Short positions profit from a decline in price so the Fund may incur a loss on a short position if the price increases. The potential for loss in shorting is unlimited. Shorting may also result in higher transaction costs which reduce return.

Investing in commodities through a controlled foreign corporation Subsidiary involves taxation and regulatory risk. Changes in applicable foreign and domestic laws could result in the inability of the Fund and/or Subsidiary to operate. Also, the cost of investing in the Fund may be higher than a mutual fund that invests directly in securities. There is no guarantee that any of the trading strategies used by the managers retained will be successful. The adviser's judgments about the investment expertise of each manager accessed may prove to be inaccurate and may not produce the desired results.

The Fund is "non-diversified" for purposes of the Investment Company Act of 1940, and therefore, may invest more than 5% of total assets in the securities of one or more issuers. As a result, performance may be more sensitive to any single adverse market, economic, or regulatory occurrence than a diversified fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Altegris Futures Evolution Strategy Fund. This and other important information about a Fund is contained in the Fund's Prospectus, which can be obtained by calling (888) 524-9441. The Prospectus should be read carefully before investing. Funds are distributed by Northern Lights Distributors, LLC, member FINRA. Altegris Advisors and Northern Lights Distributors, LLC are not affiliated.

Morningstar Rating™ - For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receives 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund and rated separately.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) rating metrics. 

©2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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SOURCE Altegris

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