Trend Following

trend · 8/6/2026 12:52 AM CT · inside its mandate
NAV / unit
100.0622
Return
+0.06%
Value
$100,062.17
Cash
5.0%
Positions
12
Max drawdown
+0.00%
Today, pass by pass
8/6/2026 12:52 AM CT
NAV per unit, daily
Exposure
95% long · 0% short · 5% cash · net +95%

What this fund believes

Thesis
Hold an asset only while it is above its long-term average. When it breaks below, sell and hold cash. Do not predict; react.
Lineage
Faber, A Quantitative Approach to Tactical Asset Allocation (2007).
The regime that kills it
Choppy, directionless markets. Repeated whipsaws in and out cost the spread every time and the trend never materialises.

How it decides

Decision inputs
200-day average as the gate, golden cross and proximity to highs as the rank
Cadence
Reconsiders every 21 days; holds 12 positions at target; refused buys fall through to the next-ranked name.
Universe
the shared 52-stock universe

Its mandate versus the base mandate

LimitThis fundBase mandate
maxSingleEquityPct9.07.0 tuned
maxSingleEtfPct5.05.0
maxSectorPct35.035.0
cashMinPct0.010.0 tuned
cashMaxPct100.020.0 tuned
minPositions015 tuned
maxPositions3030
maxNonUsPct10.010.0
allowShortingTrueTrue
maxSingleShortPct4.04.0
maxGrossShortPct40.040.0
shortCollateralCoverage1.01.0
allowLeverageFalseFalse

Current holdings, and why each is held

TickerClass / sector WeightLastP&L Rationale recorded at entry
LLYHealth Care7.96%1,178.37+0.68%Trend Following: ranked 11 of 36 on Trend Following (score 67.4)
SBUXConsumer Discretionary7.93%106.30+0.23%Trend Following: ranked 5 of 36 on Trend Following (score 72.9)
UNHHealth Care7.93%414.00+0.25%Trend Following: ranked 12 of 36 on Trend Following (score 66.6)
BACFinance7.92%63.35+0.11%Trend Following: ranked 2 of 36 on Trend Following (score 75.2)
JPMFinance7.91%359.53+0.03%Trend Following: ranked 1 of 36 on Trend Following (score 76.0)
KOConsumer Staples7.91%86.90+0.03%Trend Following: ranked 6 of 36 on Trend Following (score 72.1)
VConsumer Discretionary7.91%368.79+0.02%Trend Following: ranked 4 of 36 on Trend Following (score 73.6)
AMZNConsumer Discretionary7.91%272.82+0.01%Trend Following: ranked 9 of 36 on Trend Following (score 69.7)
GETechnology7.91%381.34-0.02%Trend Following: ranked 3 of 36 on Trend Following (score 74.4)
JNJHealth Care7.90%257.37-0.14%Trend Following: ranked 8 of 36 on Trend Following (score 70.5)
MRKHealth Care7.90%128.17-0.18%Trend Following: ranked 7 of 36 on Trend Following (score 71.3)
BAIndustrials7.89%239.72-0.25%Trend Following: ranked 10 of 36 on Trend Following (score 68.9)

Recent trades

IDDateAction TickerNotionalRationale
T-00122026-08-05ENTRYUNH$7,913.56Trend Following: ranked 12 of 36 on Trend Following (score 66.6)
T-00112026-08-05ENTRYLLY$7,913.87Trend Following: ranked 11 of 36 on Trend Following (score 67.4)
T-00102026-08-05ENTRYBA$7,914.18Trend Following: ranked 10 of 36 on Trend Following (score 68.9)
T-00092026-08-05ENTRYAMZN$7,914.49Trend Following: ranked 9 of 36 on Trend Following (score 69.7)
T-00082026-08-05ENTRYJNJ$7,914.81Trend Following: ranked 8 of 36 on Trend Following (score 70.5)
T-00072026-08-05ENTRYMRK$7,915.12Trend Following: ranked 7 of 36 on Trend Following (score 71.3)
T-00062026-08-05ENTRYKO$7,915.43Trend Following: ranked 6 of 36 on Trend Following (score 72.1)
T-00052026-08-05ENTRYSBUX$7,915.75Trend Following: ranked 5 of 36 on Trend Following (score 72.9)
T-00042026-08-05ENTRYV$7,916.06Trend Following: ranked 4 of 36 on Trend Following (score 73.6)
T-00032026-08-05ENTRYGE$7,916.37Trend Following: ranked 3 of 36 on Trend Following (score 74.4)
T-00022026-08-05ENTRYBAC$7,916.69Trend Following: ranked 2 of 36 on Trend Following (score 75.2)
T-00012026-08-05ENTRYJPM$7,917.00Trend Following: ranked 1 of 36 on Trend Following (score 76.0)