Why not replace some of your bonds with a fund like QDSNX?

I've been holding QDSNX for a while now and been building the position up over time as it's continued to perform. It's an ARQ fund of funds for alternative strategies.

Pros:

* not correlated with stocks or bonds, giving more diversification to your portfolio * high and consistent returns, equity like in that regard

, 11.7% annual returns

* performed well even in rising interest rates like

Cons:

* very high expense ratio (hedge fund like expense ratio)

but “average” expenses for an alt fund per Morningstar \* limited history, only 6 yr old fund

From where I sit, I don't want to hold more than 60% equities, especially with how relatively expensive they are at the moment, but I also don't feel so comfortable in bonds coming to save the day if there is a crash after experiencing 2022.

So why not move a portion of bonds info a fund like this which is totally uncorrelated and has a history of very small drawdowns if you're concerned about having some defensive positions but don't want to settle for 2% real returns like treasury bonds are giving?

Edit: Here’s a testfolio link with a few other funds for comparison

[https://testfol.io/?s=hMGVOxnnlqP](https://testfol.io/?s=hMGVOxnnlqP)