Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 07/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 3.13 4.15 3.33 4.04
Fund with Sales Charge (%) (POP) 3.13 4.15 3.33 4.04
HFRX Global Hedge Fund Index (%) -1.39 1.78 0.15 1.30 0.60
ICE BofAML US 3-Month Treasury Bill Index (%) 2.34 1.44 0.91 0.51 0.79
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 3.13 4.46 2.92 4.01
Fund with Sales Charge (%) (POP) 3.13 4.46 2.92 4.01
HFRX Global Hedge Fund Index (%) -2.29 2.01 -0.18 1.38 0.47
ICE BofAML US 3-Month Treasury Bill Index (%) 2.31 1.39 0.87 0.49 0.77

Calendar Year Returns

2018 2017 2016 2015 2014
Fund without Sales Charge (%) (NAV) -2.01 6.83 2.10 0.24 5.25
Fund with Sales Charge (%) (POP) -2.01 6.83 2.10 0.24 5.25
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 06/30/2019

Month EndAs of 07/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 7.10 3.13 12.99 17.82 25.85
Fund with Sales Charge (%) (POP) 7.10 3.13 12.99 17.82 25.85
HFRX Global Hedge Fund Index (%) 4.67 -1.39 5.43 0.75 13.79 3.53
ICE BofAML US 3-Month Treasury Bill Index (%) 1.43 2.34 4.37 4.62 5.18 4.70
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 6.54 3.13 13.99 15.47 25.20
Fund with Sales Charge (%) (POP) 6.54 3.13 13.99 15.47 25.20
HFRX Global Hedge Fund Index (%) 3.87 -2.29 6.14 -0.91 14.72 2.73
ICE BofAML US 3-Month Treasury Bill Index (%) 1.24 2.31 4.21 4.43 5.00 4.51

After-Tax Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 07/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.57 3.65 2.83
Fund without Sales Charge (%) (NAV) After Shares Sold 2.20 3.05 2.42
Fund with Sales Charge (%) (POP) Before Shares Sold 2.57 3.65 2.83
Fund with Sales Charge (%) (POP) After Shares Sold 2.20 3.05 2.42
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.57 3.95 2.42
Fund without Sales Charge (%) (NAV) After Shares Sold 2.21 3.29 2.09
Fund with Sales Charge (%) (POP) Before Shares Sold 2.57 3.95 2.42
Fund with Sales Charge (%) (POP) After Shares Sold 2.21 3.29 2.09

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 0.20%
Gross Expense Ratio 2.49%
Net Expense Ratio [further-information] 2.28%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 07/31/2019 Updated Monthly, based on a 3-year period

Beta 0.27
Alpha -0.48
Sharpe Ratio 0.79
Correlation 0.92
R-Squared 0.85
Standard Deviation 3.47

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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