Core Alternative ETF · AMEX:CCOR
Core Alternative ETF — Core Alternative Capital — Investor Presentation (2023)
20 slides from Core Alternative ETF's investor presentation, 2023
Slide 1: Investor Presentation Q4 2023
INVESTOR PRESENTATION / Q4 2023 WWW.COREALTFUNDS.COM WWW.COREALT.COM
Slide 2: Introduction to Core Alternative Capital
INTRODUCTION TO CORE ALTERNATIVE CAPITAL Core Alternative marries the reliability of an experienced portfolio management team with a market-tested strategy, executed with disciplined consistency. ESTABLISHED LEADERSHIP SPECIALIST STRATEGY Core Alt is led by David Pursell, Developed over the last dec
Slide 3: Portfolio Management Team
PORTFOLIO MANAGEMENT TEAM The Core Alternative team has worked together since 2008. Their extensive experience covers risk, portfolio, and volatility management across a broad range of instruments and strategies, including derivatives, equities, private equity, venture capital, real assets, and stru
Slide 4: Why Core?
WHY CORE? At CAC, we do not try to predict the future direction of the markets, rather we aim to participate in the future growth of US equities and attempt to harness volatility as a benefit rather than enduring it as a drag on performance. CONSISTENT PERFORMANCE: VOLATILITY MANAGEMENT: DIVERSIFICA
Slide 5: Core Alt Strategy Across Market Environments
CORE ALT STRATEGY ACROSS MARKET ENVIRONMENTS CCOR’s approach is dynamic: when markets are rising, we actively attempt to minimize the drag created by our protective puts and to capture a portion of the uptrend; when markets are falling and other investors are growing fearful, our options are designe
Slide 6: Investment Strategy Overview
INVESTMENT STRATEGY OVERVIEW CCOR is designed with the goals: ▪ Generate positive returns independent of market environment ▪ Create an uncorrelated return stream with a focus on risk management for capital preservation and appreciation Core’s portfolio is typically The balance of the portfolio is 9
Slide 7: Historical Performance
HISTORICAL PERFORMANCE Since inception, CCOR has demonstrated a minimal correlation to both the S&P 500 Total Return Index and the Bloomberg Barclays US Aggregate Bond Index, with significantly less volatility than the S&P. Total Returns Annualized Cumulative Since Since AS OF 12/31/23 YTD 1 Month 3
Slide 8: Up Market Example
UP MARKET EXAMPLE Core’s strategy has historically provided positive returns during sustained market uptrends. BULLISH ENVIRONMENT: 5/24/17 – 12/31/17^ 15% CCOR SPX AGG 12.52% 13% 11% 9% 7% 5% 3.68% 3% 1% 1.53% -1% -3% -5% Past performance does not guarantee future results. The investment return and
Slide 9: Down Market Example
DOWN MARKET EXAMPLE Core’s strategy is designed to provide portfolio protection during market declines. LONGEST MARKET DOWNTURN ITD: 9/20/18 THROUGH 12/24/18^ 5% CCOR SPX AGG 2.63% 0% 1.61% -5% -10% -19.37% -15% -20% Past performance does not guarantee future results. The investment return and princ
Slide 10: Combination Market Example
COMBINATION MARKET EXAMPLE Core’s strategy has demonstrated that it can produce positive returns across a range of market conditions. COMBINATION ENVIRONMENT: 6/30/18 – 12/31/18^ 15% CCOR SPX AGG 10% 9.92% 5% 1.65% 0% -5% -6.86% -10% -15% Past performance does not guarantee future results. The inves
Slide 11: Up Market Example
UP MARKET EXAMPLE Core’s strategy has demonstrated that it can produce positive returns across a range of market conditions. BULLISH ENVIRONMENT: 1/1/21 – 1/4/22^ 30% CCOR SPX AGG 29.53% 25% 20% 15% 10% 9.38% 5% 0% -2.11% -5% -10% Past performance does not guarantee future results. The investment re
Slide 12: Down Market Example
DOWN MARKET EXAMPLE Core’s strategy has demonstrated that it can produce positive returns across a range of market conditions. BEARISH ENVIRONMENT: 11/20/21 – 9/30/22^ CCOR SPX AGG 10% 5% 3.20% 0% -5% -10% -15% -14.56% -20% -22.64% Past performance does not guarantee future results. The investment r
Slide 13: Combination Market Example
COMBINATION MARKET EXAMPLE Core’s strategy has demonstrated that it can produce positive returns across a range of market conditions. COMBINATION ENVIRONMENT: 1/1/21 – 10/31/22^ 30% CCOR SPX AGG 20% 12.96% 10% 5.92% 0% -10% -16.82% -20% Past performance does not guarantee future results. The investm
Slide 14: A Balance Between Risk and Return
A BALANCE BETWEEN RISK AND RETURN Since inception, CCOR has demonstrated minimal correlations to both the S&P 500 Total Return Index and the Bloomberg Barclays US Aggregate Bond Index, with significantly less volatility than the S&P. Risk Statistics SINCE INCEPTION STANDARD SHARPE MAX DRAW- Risk/Ret
Slide 15: Rolling 5 Year Alpha
ROLLING 5 YEAR ALPHA The CCOR strategy is designed to provide consistent, uncorrelated, risk-adjusted returns RELATIVELY CONSISTENT AND POSITIVE RISK ADJUSTED RETURNS OVER MULTI YEAR PERIODS (S&P 500 BENCHMARK) 5.00% CCOR SPX AGG 4.00% 3.00% 2.00% 1.00% 0.00% 0% -1.00% -2.00% -1.78% -3.00% -3.06% -4
Slide 16: Uncorrelated Returns
UNCORRELATED RETURNS The CCOR strategy can act as a diversifier that may provide stability during volatile periods for broad equity and fixed income markets CCOR’S OPPORTUNISTICALLY DYNAMIC OPTIONS PROCESS HAS HISTORICALLY PRODUCED COUNTER-CYCLICAL DRAWDOWNS RELATIVE TO STOCK AND BOND INDICES 0.00%
Slide 17: Appendix
APPENDIX CORE ALTERNATIVE CAPITAL WWW.COREALTFUNDS.COM 17
Slide 18: Glossary
GLOSSARY ALPHA: A measure of the difference between a portfolio’s actual returns and its expected performance, given its level of risk as measured by Beta. BETA: The measure of systematic risk with respect to the risk-free rate. CALLS: An option contract giving the owner the right to buy a specified
Slide 19: Disclosures
DISCLOSURES The Core Alternative ETFs are distributed by Quasar Distributors, LLC, 111 East Kilbourn Avenue, Suite 1250 Milwaukee, WI 53202, which is not affiliated with Core Alternative Capital, LLC, the Investment Adviser for the Fund. Check the background of Quasar on FINRA's BrokerCheck. To dete
Slide 20: Disclosures
DISCLOSURES © 2023 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
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