Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/11/2013
Fund without Sales Charge (%) (NAV) -5.10 -0.36 -0.21 1.49
Fund with Sales Charge (%) (POP) -6.05 -0.36 -0.21 1.49
HFRX Global Hedge Fund Index (%) -1.39 -0.54 -0.65 0.23 0.01
ICE BofAML US 3-Month Treasury Bill Index (%) 2.25 1.83 1.19 0.64 0.93
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/11/2013
Fund without Sales Charge (%) (NAV) -5.10 -0.36 -0.21 1.49
Fund with Sales Charge (%) (POP) -6.05 -0.36 -0.21 1.49
HFRX Global Hedge Fund Index (%) -1.39 -0.54 -0.65 0.23 0.01
ICE BofAML US 3-Month Treasury Bill Index (%) 2.25 1.83 1.19 0.64 0.93

Calendar Year Returns

2019 2018 2017 2016 2015 2014
Fund without Sales Charge (%) (NAV) 6.36 -3.10 5.72 1.04 -0.84 4.20
Fund with Sales Charge (%) (POP) 5.36 -4.04 4.72 0.04 -1.82 3.20
HFRX Global Hedge Fund Index (%) 8.62 -6.72 5.99 2.50 -3.64 -0.58
ICE BofAML US 3-Month Treasury Bill Index (%) 2.28 1.87 0.86 0.33 0.05 0.04

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) -7.09 -5.10 -1.07 -1.04 10.04
Fund with Sales Charge (%) (POP) -8.02 -6.05 -1.07 -1.04 10.04
HFRX Global Hedge Fund Index (%) -6.85 -1.39 -1.60 -3.19 2.36 0.07
ICE BofAML US 3-Month Treasury Bill Index (%) 0.57 2.25 5.58 6.09 6.56 6.19
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) -7.09 -5.10 -1.07 -1.04 10.04
Fund with Sales Charge (%) (POP) -8.02 -6.05 -1.07 -1.04 10.04
HFRX Global Hedge Fund Index (%) -6.85 -1.39 -1.60 -3.19 2.36 0.07
ICE BofAML US 3-Month Treasury Bill Index (%) 0.57 2.25 5.58 6.09 6.56 6.19

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -5.12 -0.61 -0.45
Fund without Sales Charge (%) (NAV) After Shares Sold -3.01 -0.30 -0.20
Fund with Sales Charge (%) (POP) Before Shares Sold -6.06 -0.61 -0.45
Fund with Sales Charge (%) (POP) After Shares Sold -3.57 -0.30 -0.20
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -5.12 -0.61 -0.45
Fund without Sales Charge (%) (NAV) After Shares Sold -3.01 -0.30 -0.20
Fund with Sales Charge (%) (POP) Before Shares Sold -6.06 -0.61 -0.45
Fund with Sales Charge (%) (POP) After Shares Sold -3.57 -0.30 -0.20

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Management Fee 1.90%
Dividend Expense and Borrowing Fees for Securities Sold Short 0.36%
Additional Expenses 1.28%
Gross Expense Ratio 3.54%
Net Expense Ratio [further-information] 3.34%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.29
Alpha -3.19
Sharpe Ratio -0.43
Correlation 0.92
R-Squared 0.84
Standard Deviation 4.79

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