Average Annual Total Returns [further-information] As of 09/30/2018

Month EndAs of 09/30/2018 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 4.27 3.61 3.91
Fund with Sales Charge (%) (POP) -1.43 1.67 2.74
HFRX Global Hedge Fund Index (%) 0.25 2.17 1.02 0.70 0.93
ICE BofAML US 3-Month Treasury Bill Index (%) 1.59 0.84 0.52 0.34 0.53
Quarter EndAs of 09/30/2018 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 4.27 3.61 3.91
Fund with Sales Charge (%) (POP) -1.43 1.67 2.74
HFRX Global Hedge Fund Index (%) 0.25 2.17 1.02 0.70 0.93
ICE BofAML US 3-Month Treasury Bill Index (%) 1.59 0.84 0.52 0.34 0.53

Calendar Year Returns

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

Cumulative Total Returns [further-information] As of 09/30/2018

Month EndAs of 09/30/2018 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 2.30 4.27 11.23 21.01
Fund with Sales Charge (%) (POP) -3.34 -1.43 5.09 14.37
HFRX Global Hedge Fund Index (%) -1.23 0.25 6.66 5.20 7.19 4.73
ICE BofAML US 3-Month Treasury Bill Index (%) 1.30 1.59 2.54 2.61 3.47 2.65
Quarter EndAs of 09/30/2018 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 2.30 4.27 11.23 21.01
Fund with Sales Charge (%) (POP) -3.34 -1.43 5.09 14.37
HFRX Global Hedge Fund Index (%) -1.23 0.25 6.66 5.20 7.19 4.73
ICE BofAML US 3-Month Treasury Bill Index (%) 1.30 1.59 2.54 2.61 3.47 2.65
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After-Tax Average Annual Total Returns [further-information] As of 09/30/2018

Month EndAs of 09/30/2018 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.76 3.18
Fund without Sales Charge (%) (NAV) After Shares Sold 2.56 2.61
Fund with Sales Charge (%) (POP) Before Shares Sold -1.90 1.24
Fund with Sales Charge (%) (POP) After Shares Sold -0.81 1.11
Quarter EndAs of 09/30/2018 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.76 3.18
Fund without Sales Charge (%) (NAV) After Shares Sold 2.56 2.61
Fund with Sales Charge (%) (POP) Before Shares Sold -1.90 1.24
Fund with Sales Charge (%) (POP) After Shares Sold -0.81 1.11

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 09/30/2018 Updated Monthly, based on a 3-year period

Beta 0.26
Alpha -1.30
Sharpe Ratio 0.96
Correlation 0.82
R-Squared 0.67
Standard Deviation 2.88

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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