Average Annual Total Returns [further-information] As of 02/28/2019

Month EndAs of 02/28/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 0.81 4.29 2.24 3.48
Fund with Sales Charge (%) (POP) -4.70 2.34 1.09 2.40
HFRX Global Hedge Fund Index (%) -4.10 2.43 -0.31 1.75 0.30
ICE BofAML US 3-Month Treasury Bill Index (%) 2.04 1.14 0.70 0.41 0.66
Quarter EndAs of 12/31/2018 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) -2.36 1.90 2.08 2.80
Fund with Sales Charge (%) (POP) -7.74 -0.01 0.94 1.69
HFRX Global Hedge Fund Index (%) -6.72 0.45 -0.59 1.55 -0.21
ICE BofAML US 3-Month Treasury Bill Index (%) 1.87 1.02 0.63 0.38 0.61

Calendar Year Returns

2018 2017 2016 2015 2014
Fund without Sales Charge (%) (NAV) -2.36 6.57 1.68 -0.12 4.88
Fund with Sales Charge (%) (POP) -7.74 0.41 -4.18 -5.86 -1.12
HFRX Global Hedge Fund Index (%) -6.72 5.99 2.50 -3.64 -0.58
ICE BofAML US 3-Month Treasury Bill Index (%) 1.87 0.86 0.33 0.05 0.04

Cumulative Total Returns [further-information] As of 02/28/2019

Month EndAs of 02/28/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 4.07 0.81 13.42 11.69 20.20
Fund with Sales Charge (%) (POP) -1.66 -4.70 7.19 5.58 13.61
HFRX Global Hedge Fund Index (%) 2.77 -4.10 7.46 -1.54 18.98 1.65
ICE BofAML US 3-Month Treasury Bill Index (%) 0.38 2.04 3.44 3.55 4.20 3.61
Quarter EndAs of 12/31/2018 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) -2.36 -2.36 5.80 10.83 15.50
Fund with Sales Charge (%) (POP) -7.74 -7.74 -0.03 4.78 9.17
HFRX Global Hedge Fund Index (%) -6.72 -6.72 1.34 -2.91 16.59 -1.09
ICE BofAML US 3-Month Treasury Bill Index (%) 1.87 1.87 3.08 3.17 3.82 3.23

After-Tax Average Annual Total Returns [further-information] As of 02/28/2019

Month EndAs of 02/28/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.27 3.87 1.83
Fund without Sales Charge (%) (NAV) After Shares Sold 0.84 3.20 1.61
Fund with Sales Charge (%) (POP) Before Shares Sold -5.22 1.94 0.69
Fund with Sales Charge (%) (POP) After Shares Sold -2.44 1.70 0.73
Quarter EndAs of 12/31/2018 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -2.89 1.49 1.67
Fund without Sales Charge (%) (NAV) After Shares Sold -1.02 1.37 1.49
Fund with Sales Charge (%) (POP) Before Shares Sold -8.24 -0.41 0.54
Fund with Sales Charge (%) (POP) After Shares Sold -4.23 -0.08 0.62

SALES CHARGE, EXPENSES & FEES As of 10/01/2018 (updated annually)

Management Fee 1.90%
Dividend Expense and Borrowing Fees for Securities Sold Short 0.39%
Additional Expenses 0.53%
Gross Expense Ratio 2.82%
Net Expense Ratio [further-information] 2.61%
Max Initial Sales Charge 5.50%
CDSC 0.00%

Volatility Measures [further-information] As of 02/28/2019 Updated Monthly, based on a 3-year period

Beta 0.27
Alpha -0.59
Sharpe Ratio 0.96
Correlation 0.90
R-Squared 0.80
Standard Deviation 3.29

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • HFRX Global Hedge Fund Index
  • ICE BofAML US 3-Month Treasury Bill Index

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