Fulcrum Diversified Absolute Return Fund Institutional Class (FARIX) Fund Details & Analysis

Fund Information

Fund Category Macro Trading

Fund Family Fulcrum

Fund Style Large Blend

ISIN US66537J2006

CUSIP 89832P663

Inception Date 2015-07-31

Domicile United States

Country USA

Fiscal Year End June

NAV Chart

Fund Metrics

Net Assets $262.79 Million

Share Class Net Assets $98.85 Million

Expense Ratio 1.28%

Expense Ratio Date 2022-10-31

Dividend Yield 0.04%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 7.02%

1-Year Return 16.78%

3-Year Return 10.33%

5-Year Return 5.78%

NAV $10.52

Previous Close Price $10.53

Last Update 2026-03-31

Dividend Information

Dividend Yield 0.04%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Fulcrum Diversified Absolute Return Fund Institutional Class

The fund aims to hold a diversified portfolio and achieve long-term absolute returns in all market conditions over rolling five-year periods, with lower volatility than equity markets and in excess of inflation. The fund implements its strategy by investing globally either directly, or through derivatives, in a broad range of instruments, including, but not limited to, equity, fixed income, currency, commodity, credit derivative and cash instruments.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 220971.26%

Giant 4.68%

Large 3.27%

Medium 2.55%

Micro 0.07%

Small 0.30%

Value & Growth Metrics

Book-Value Growth % 9.65%

Cash-Flow Growth % 11.08%

Dividend Yield % 1.26%

Historical Earnings % 13.86%

Long-Term Earnings % 10.31%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	31.32%	50.62%	19.29%	237.13%	77.27%
Cash	11.11%	132.36%	121.25%	264.90%	0.00%
Non US Stock	2.60%	2.75%	0.14%	26.45%	8.35%
Not Classified	0.00%	0.00%	0.00%	0.02%	0.00%
Other	45.28%	54.01%	8.73%	11.06%	2.01%
US Stock	9.68%	9.68%	0.00%	115.28%	12.37%

Top Holdings

Name	Weight	Owned	Change
B 10/31/24	6.84%	-	-
B 10/03/24	6.37%	-	-
B 07/16/24	None	-	-
B 08/01/24	None	-	-
B 07/02/24	None	-	-
B 09/19/24	None	-	-
B 12/05/24	12.48%	-	-
B 09/05/24	None	-	-
B 08/29/24	None	-	-
GSGLPHRE TRS 02/13/	1.30%	-	-
B 01/09/25	5.83%	-	-
B 01/16/25	5.83%	-	-
B 02/27/25	3.96%	-	-
B 12/19/24	3.84%	-	-
B 03/13/25	1.56%	-	-
MICROSOFT CORP	0.60%	-	-
B 06/12/25	7.60%	-	-
B 04/03/25	6.34%	-	-
B 07/10/25	4.78%	-	-
B 03/20/25	5.84%	-	-
B 04/10/25	5.15%	-	-
B 04/17/25	4.89%	-	-
B 04/24/25	4.73%	-	-
B 10/02/25	5.93%	-	-
B 11/06/25	5.76%	-	-
B 10/23/25	5.53%	-	-
B 08/14/25	5.56%	-	-
B 11/20/25	5.20%	-	-
B 08/28/25	4.96%	-	-
B 09/11/25	4.95%	-	-
B 08/07/25	3.70%	-	-
B 07/17/25	3.05%	-	-
B 12/11/25	5.46%	-	-
B 02/26/26	5.13%	-	-
B 12/04/25	5.12%	-	-
B 03/19/26	4.95%	-	-
B 04/16/26	4.94%	-	-
B 01/08/26	4.87%	-	-
B 04/30/26	5.66%	-	-
B 04/02/26	5.13%	-	-
B 02/10/26	4.93%	-	-
B 05/28/26	4.70%	-	-
MBONO 8 1/2 03/02/28	4.22%	-	-
B 05/07/26	3.81%	-	-
B 06/11/26	3.80%	-	-

See the full breakdown of FARIX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	5.54%	34.38%	17.31%	0.00%
Bond Sector	Corporate	5.54%	0.21%	0.06%	18.76%
Bond Sector	Derivative	5.54%	16.44%	46.20%	0.00%
Bond Sector	Government	5.54%	48.84%	36.42%	52.48%
Bond Sector	Municipal	5.54%	0.00%	0.00%	0.03%
Bond Sector	Securitized	5.54%	0.12%	0.00%	28.74%
Cyclical	Basic Materials	2.10%	0.00%	0.00%	4.60%
Cyclical	Consumer Cyclical	7.98%	0.00%	0.00%	8.19%
Cyclical	Financial Services	14.71%	0.00%	0.00%	18.76%
Cyclical	Real Estate	0.86%	0.00%	0.00%	8.21%
Defensive	Consumer Defensive	7.17%	0.00%	0.00%	4.98%
Defensive	Healthcare	14.34%	0.00%	0.00%	8.87%
Defensive	Utilities	5.54%	0.00%	0.00%	3.13%
Sensitive	Communication Services	8.00%	0.00%	0.00%	4.78%
Sensitive	Energy	2.63%	0.00%	0.00%	4.82%
Sensitive	Industrials	9.67%	0.00%	0.00%	12.05%
Sensitive	Technology	27.00%	0.00%	0.00%	21.61%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	0.01%	1.14%
Americas	North America	-	80.45%	63.16%
Greater Asia	Asia Developed	-	0.69%	5.29%
Greater Asia	Asia Emerging	-	0.32%	4.18%
Greater Asia	Australasia	-	0.75%	1.92%
Greater Asia	Japan	-	3.18%	6.81%
Greater Europe	Africa/Middle East	-	-	1.26%
Greater Europe	Europe Developed	-	11.28%	12.43%
Greater Europe	Europe Emerging	-	-	0.29%
Greater Europe	United Kingdom	2.08%	3.34%	3.52%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-10	$0.288	$0.288	USD	-	-	-	-
2023-12-08	$0.073	$0.073	USD	-	2023-12-07	2023-12-11	Annual
2021-12-16	$0.808	$0.808	USD	2021-12-16	2021-12-15	2021-12-16	Annual
2020-12-18	$0.410	$0.410	USD	2020-12-18	2020-12-17	2020-12-18	Other
2019-04-30	$0.032	$0.032	USD	-	-	-	-
2019-03-29	$0.020	$0.020	USD	-	-	-	-
2019-02-28	$0.022	$0.022	USD	-	-	-	-
2019-01-31	$0.022	$0.022	USD	-	-	-	-
2018-12-20	$0.768	$0.768	USD	2018-12-20	2018-12-19	2018-12-20	Annual
2017-12-21	$0.125	$0.125	USD	2017-12-21	2017-12-20	2017-12-21	Other
2016-12-21	$0.039	$0.039	USD	2016-12-21	2016-12-20	2016-12-21	Other

View the full dividend history for FARIX.

Fulcrum Diversified Absolute Return Fund Institutional Class NMFQS:FARIX