Altegris

Despite the negative rating, an area of strength of the firm is manager investment. Over 33% of the firm's assets are covered by invested managers, in an effort to align portfolio manager and shareholder interests. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fees on its funds are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition. Despite other redeeming qualities as a firm, Altegris has seen some disruption among its portfolio management ranks in the past five years, denoted by elevated turnover compared to peer asset-management firms. Long-term stability tends to support positive results.