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) 0.92 3.02 2.38 3.14
Fund with Sales Charge (%) (POP) 0.92 3.02 2.38 3.14
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) 0.92 3.02 2.38 3.14
Fund with Sales Charge (%) (POP) 0.92 3.02 2.38 3.14
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) -2.53 6.16 1.52 -0.76 4.63
Fund with Sales Charge (%) (POP) -2.53 6.16 1.52 -0.76 4.63
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) 5.82 0.92 9.32 12.50 20.28
Fund with Sales Charge (%) (POP) 5.82 0.92 9.32 12.50 20.28
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) 5.82 0.92 9.32 12.50 20.28
Fund with Sales Charge (%) (POP) 5.82 0.92 9.32 12.50 20.28
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 0.38 2.64 2.12
Fund without Sales Charge (%) (NAV) After Shares Sold 0.90 2.23 1.78
Fund with Sales Charge (%) (POP) Before Shares Sold 0.38 2.64 2.12
Fund with Sales Charge (%) (POP) After Shares Sold 0.90 2.23 1.78
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.38 2.64 2.12
Fund without Sales Charge (%) (NAV) After Shares Sold 0.90 2.23 1.78
Fund with Sales Charge (%) (POP) Before Shares Sold 0.38 2.64 2.12
Fund with Sales Charge (%) (POP) After Shares Sold 0.90 2.23 1.78

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 0.78%
Gross Expense Ratio 3.04%
Net Expense Ratio [further-information] 2.84%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.26
Alpha -1.56
Sharpe Ratio 0.54
Correlation 0.90
R-Squared 0.82
Standard Deviation 3.36

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