Fund Evaluator:

Hundredfold Select Alternative Inv Overview

Hundredfold Select Alternative Inv (HFSAX) is an actively managed Allocation Tactical Allocation fund. Advisors Preferred launched the fund in 2012.

The investment seeks a moderate total rate of return (income plus capital appreciation) on an annual basis. The fund invests primarily in any combination of equity and fixed-income securities based on market conditions and trends and the Subadviser's expectations and assessment of risks. It may invest directly in equity and fixed-income securities. It will primarily invest in such securities indirectly through securities that invest in or are a derivative of suchsecurities,primarily including futures contracts, swap agreements, ETFs, naked and covered options on such instruments, currencies, and other unaffiliated investment companies.

About Hundredfold Select Alternative Inv (HFSAX)

There are 1 members of the management team with an average tenure of 21.93 years: Ralph Doudera (2004). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. Hundredfold Select Alternative Inv has 28 securities in its portfolio. The top 10 holdings constitute 119.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Hundredfold Select Alternative Inv is part of the Allocation global asset class and is within the Allocation fund group. Hundredfold Select Alternative Inv has 23.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.9%. There is 0.9% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 56.5% (34.5% domestic bond, 22.0% foreign bond and 0.6% convertible bond). Hundredfold Select Alternative Inv has -94.6% of the portfolio in cash.

Assets Under Management

The fund has $67 million in total assets, which is below the $222 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

HFSAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Hundredfold Select Alternative Inv expense ratio is high compared to funds in the Tactical Allocation category. Hundredfold Select Alternative Inv has an expense ratio of 2.02%, which is 15% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Hundredfold Select Alternative Inv has a portfolio turnover rate of 466%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.

Recently, in the month of July 2026, Hundredfold Select Alternative Inv returned -0.3%, which earned it a grade of B, as the Tactical Allocation category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Hundredfold Select Alternative Inv has a trailing yield of 9.68%, which is above the 2.86% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Hundredfold Select Alternative Inv Grades

Year to date, the fund has returned 0.7%, 7.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 7.6% over the past year (grade of F), 8.0% over the past three years (grade of D) and 3.5% per year over the past five years (grade of D) and 8.2% per year over the past 10 years (grade of A).

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