Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 0.49 2.52 1.97 2.73
Fund with Sales Charge (%) (POP) -0.49 2.52 1.97 2.73
HFRX Global Hedge Fund Index (%) 0.01 1.93 0.32 1.07 0.78
ICE BofAML US 3-Month Treasury Bill Index (%) 2.39 1.54 0.98 0.54 0.84
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 0.49 2.52 1.97 2.73
Fund with Sales Charge (%) (POP) -0.49 2.52 1.97 2.73
HFRX Global Hedge Fund Index (%) 0.01 1.93 0.32 1.07 0.78
ICE BofAML US 3-Month Treasury Bill Index (%) 2.39 1.54 0.98 0.54 0.84

Calendar Year Returns

2018 2017 2016 2015 2014
Fund without Sales Charge (%) (NAV) -3.10 5.72 1.04 -0.84 4.20
Fund with Sales Charge (%) (POP) -4.04 4.72 0.04 -1.82 3.20
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 09/30/2019

Month EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 5.46 0.49 7.74 10.25 17.43
Fund with Sales Charge (%) (POP) 4.46 -0.49 7.74 10.25 17.43
HFRX Global Hedge Fund Index (%) 5.90 0.01 5.91 1.62 11.24 4.74
ICE BofAML US 3-Month Treasury Bill Index (%) 1.81 2.39 4.70 5.01 5.52 5.10
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 5.46 0.49 7.74 10.25 17.43
Fund with Sales Charge (%) (POP) 4.46 -0.49 7.74 10.25 17.43
HFRX Global Hedge Fund Index (%) 5.90 0.01 5.91 1.62 11.24 4.74
ICE BofAML US 3-Month Treasury Bill Index (%) 1.81 2.39 4.70 5.01 5.52 5.10

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -0.06 2.26 1.71
Fund without Sales Charge (%) (NAV) After Shares Sold 0.65 1.89 1.45
Fund with Sales Charge (%) (POP) Before Shares Sold -1.04 2.26 1.71
Fund with Sales Charge (%) (POP) After Shares Sold 0.07 1.89 1.45
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -0.06 2.26 1.71
Fund without Sales Charge (%) (NAV) After Shares Sold 0.65 1.89 1.45
Fund with Sales Charge (%) (POP) Before Shares Sold -1.04 2.26 1.71
Fund with Sales Charge (%) (POP) After Shares Sold 0.07 1.89 1.45

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 09/30/2019 Updated Monthly, based on a 3-year period

Beta 0.27
Alpha -2.09
Sharpe Ratio 0.29
Correlation 0.91
R-Squared 0.83
Standard Deviation 3.46

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