For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers
Bond Alternative
Five low-beta, non-equity-directional strategies built to outrun the aggregate bond index without equity-level risk.
How to read sleeves and model portfolios →
| Ticker | Weight | Beta | Notes |
|---|---|---|---|
| DBMF | 10% | 0.05 | iMGP diversified trend-following managed futures, flat-to-positive in sustained equity drawdowns. |
| FLSP | 10% | 0 | Systematic long/short equity and style premia, value, carry, and momentum harvested market-neutral. |
| MRGR | 25% | 0.05 | Merger arbitrage, a shallow-drawdown event-driven diversifier with a long track record since 2013. |
| IALT | 20% | 0.35 | Systematic multi-strategy alternatives sleeve blending trend and premia with a shallower realized drawdown. |
| JAAA | 35% | 0 | AAA-rated CLO floating-rate credit, bond-like income with minimal duration or equity risk. |
Weighted portfolio beta (approx.): 0.09
Total return (vs AGG)
Alpha score: D
Max DD score: A+
Beta score: A+
Beta: 0.09
Total: 55.0%
Gross longs: 0.0%
Gross shorts: 0.0%
Gross alpha & alts: 55.0%
DBMF: 10%
FLSP: 10%
MRGR: 25%
IALT: 20%
JAAA: 35%
Educational model only — not investment advice. Portfolio betas in the holdings table are weighted to the listed names and weights.
IALT: total-return path multiplies daily returns of FLSP. Pre-inception path deducts ~4%/yr wholesale financing on 1.00× incremental notional (gross ~200% vs 100% cash).
JAAA's inception date of 2020-10-19 is limiting the backtest.