Alternative Strategies Fund
LTAFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 225 Pictoria Drive Cincinnati OH United States of America 45246
- IPO Date
- Feb 3, 2011
- CIK
- 0001496254
- Website
- ltafx.com
- Similar Companies
- Business
- Alternative Strategies Income Fund (LTAFX) operates as a continuously offered, non-diversified, closed-end management investment company structured as an interval fund, seeking attractive risk-adjusted returns with low to moderate volatility and low correlation to broader markets through a concentrated alternative investment approach emphasizing income generation. The Fund invests primarily in a diversified portfolio of short-term, laddered, equity-linked structured notes, including callable Phoenix autocallable notes issued by major banks such as Goldman Sachs Finance Corporation, Morgan Stanley Finance LLC, JPMorgan Chase Financial Company LLC, BBVA Global Securities BV, and others; these notes reference underlying equities across sectors like infrastructure software, internet media and services, casinos and gaming, application software, data and transaction processors, automobiles, biotechnology, semiconductors, renewable energy equipment, and medical devices, with coupon rates typically ranging from 19% to 35% contingent on the reference asset trading above predetermined barrier levels. The portfolio, comprising 20-50 holdings each typically 2-3% of assets, also maintains a small allocation to cash equivalents; share classes include Class A (LTAFX, minimum $5,000, 4.25% maximum sales load, 3.00% expense ratio), Class C (LTCFX, minimum $2,500, 0.75% distribution fee and 1% early withdrawal fee within one year, 3.65% expense ratio), and Class I (LTIFX, minimum $100,000, 2.75% expense ratio). Organized as a Delaware statutory trust on June 15, 2010, with headquarters aligned to its Nashville, Tennessee-based investment adviser SCG Asset Management LLC (appointed December 10, 2021), the Fund targets long-term investors seeking quarterly liquidity via interval fund repurchases without daily redemption pressures or K-1 tax complexities. Recent strategic changes include full liquidation of legacy illiquid positions (unlisted REITs, BDCs, MLPs) during 2023 to focus exclusively on the proprietary structured note strategy; elimination of the adviser's incentive fee effective October 1, 2023, in favor of a fixed 1.50% management fee on average daily net assets; reduction of Class I share minimum investment from $1,000,000 to $100,000; and a one-for-four reverse stock split on September 21, 2023, enhancing accessibility while maintaining its emphasis on quantitative-driven portfolio construction across time, sector, and pricing patterns.