Waypoint All Weather Alternative Fund (WAY303)

Waypoint All Weather Alternative Fund (WAY303)

Strategy Overview

Investment Objective

The Fund seeks to provide investors with attractive risk-adjusted investment returns over the long term by investing in, or obtaining exposure to, issuers that the Manager believes are not typically included in institutional investment mandates.

How We Invest

The Portfolio:

We construct a portfolio of businesses that we categorize as either "Capital Distributors" or "Capital Compounders"

Capital Distributors have a cash flow focus that translates into high dividend yields. They have aligned management teams that sustain and grow the dividends and maintain modest financial leverage to navigate difficult economic environments. They typically make up 70-90% of the portfolio.

Capital Compounders have economic models that compound capital at or above their cost of capital. Management is accelerating growth using capital available through public markets. They tend to be small-to-midcap companies not broadly covered by analysts. They typically make up 10-30% of the portfolio

Volatility Strategies Overlay:

In addition to the equity foundation of the portfolio, equity options are used to express a variety of volatility strategies depending on the market environment. For example, when volatility is low, the fund looks to purchase options to protect capital. Most often this is expressed using put options on individual securities and indices. When volatility is elevated, the fund looks to sell or write options as an equity alternative.

Fundserv Details

Series A Fund Code: WAY301

Series F Fund Code: WAY303

Fee Structure
  • Series A - Commissioned Account
  • Base Fee: 1.75%
  • Performance Fee: 15% over the high-water mark (as defined in the prospectus)
  • Series F - Fee Based Account
  • Base Fee: 1.0%
  • Performance Fee: 15% over the high-water mark (as defined in the prospectus)

Fund Essentials

Monthly Updates