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

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/08/2015
Fund without Sales Charge (%) (NAV) 3.93 4.10 4.68
Fund with Sales Charge (%) (POP) 3.93 4.10 4.68
HFRX Fixed Income - Credit Index (%) 2.35 2.30 0.78 2.71 1.54
ICE BofAML US 3-Month Treasury Bill Index (%) 2.40 1.60 1.02 0.56 1.23
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/08/2015
Fund without Sales Charge (%) (NAV) 3.73 4.23 4.76
Fund with Sales Charge (%) (POP) 3.73 4.23 4.76
HFRX Fixed Income - Credit Index (%) 0.43 2.28 0.35 2.79 1.37
ICE BofAML US 3-Month Treasury Bill Index (%) 2.39 1.54 0.98 0.54 1.21

Calendar Year Returns

2018 2017 2016
Fund without Sales Charge (%) (NAV) 1.42 4.97 8.33
Fund with Sales Charge (%) (POP) 1.42 4.97 8.33
HFRX Fixed Income - Credit Index (%) -2.55 3.87 4.97
ICE BofAML US 3-Month Treasury Bill Index (%) 1.87 0.86 0.33

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

Month EndAs of 10/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/08/2015
Fund without Sales Charge (%) (NAV) 4.44 3.93 12.81 20.90
Fund with Sales Charge (%) (POP) 4.44 3.93 12.81 20.90
HFRX Fixed Income - Credit Index (%) 4.44 2.35 7.05 3.96 30.62 6.55
ICE BofAML US 3-Month Treasury Bill Index (%) 2.01 2.40 4.87 5.21 5.70 5.19
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/08/2015
Fund without Sales Charge (%) (NAV) 4.34 3.73 13.24 20.78
Fund with Sales Charge (%) (POP) 4.34 3.73 13.24 20.78
HFRX Fixed Income - Credit Index (%) 3.58 0.43 6.99 1.77 31.65 5.67
ICE BofAML US 3-Month Treasury Bill Index (%) 1.81 2.39 4.70 5.01 5.52 4.99

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

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.32 2.47
Fund without Sales Charge (%) (NAV) After Shares Sold 2.38 2.43
Fund with Sales Charge (%) (POP) Before Shares Sold 2.32 2.47
Fund with Sales Charge (%) (POP) After Shares Sold 2.38 2.43
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.12 2.60
Fund without Sales Charge (%) (NAV) After Shares Sold 2.27 2.53
Fund with Sales Charge (%) (POP) Before Shares Sold 2.12 2.60
Fund with Sales Charge (%) (POP) After Shares Sold 2.27 2.53

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

Management Fee 1.90%
Dividend Expense and Borrowing Fees for Securities Sold Short 0.62%
Additional Expenses 0.60%
Gross Expense Ratio 3.12%
Net Expense Ratio [further-information] 2.53%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 1-year period

Beta -0.01
Alpha 2.52
Sharpe Ratio 2.09
R-Squared 0.00
Standard Deviation 1.22

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • HFRX Fixed Income - Credit Index
  • ICE BofAML US 3-Month Treasury Bill Index