Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/08/2015
Fund without Sales Charge (%) (NAV) 5.33 3.78 4.62
Fund with Sales Charge (%) (POP) -0.46 1.84 3.26
HFRX Fixed Income - Credit Index (%) 6.21 2.44 1.54 2.58 1.88
ICE BofAML US 3-Month Treasury Bill Index (%) 2.28 1.67 1.07 0.58 1.24
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/08/2015
Fund without Sales Charge (%) (NAV) 5.33 3.78 4.62
Fund with Sales Charge (%) (POP) -0.46 1.84 3.26
HFRX Fixed Income - Credit Index (%) 6.21 2.44 1.54 2.58 1.88
ICE BofAML US 3-Month Treasury Bill Index (%) 2.28 1.67 1.07 0.58 1.24

Calendar Year Returns

2019 2018 2017 2016
Fund without Sales Charge (%) (NAV) 5.33 1.22 4.84 8.31
Fund with Sales Charge (%) (POP) -0.46 -4.38 -1.21 2.11
HFRX Fixed Income - Credit Index (%) 6.21 -2.55 3.87 4.97
ICE BofAML US 3-Month Treasury Bill Index (%) 2.28 1.87 0.86 0.33

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/08/2015
Fund without Sales Charge (%) (NAV) 5.33 5.33 11.77 21.48
Fund with Sales Charge (%) (POP) -0.46 -0.46 5.61 14.82
HFRX Fixed Income - Credit Index (%) 6.21 6.21 7.50 7.93 29.04 8.35
ICE BofAML US 3-Month Treasury Bill Index (%) 2.28 2.28 5.09 5.49 5.97 5.48
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/08/2015
Fund without Sales Charge (%) (NAV) 5.33 5.33 11.77 21.48
Fund with Sales Charge (%) (POP) -0.46 -0.46 5.61 14.82
HFRX Fixed Income - Credit Index (%) 6.21 6.21 7.50 7.93 29.04 8.35
ICE BofAML US 3-Month Treasury Bill Index (%) 2.28 2.28 5.09 5.49 5.97 5.48

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

No chart available for this data.
Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

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 0.78%
Gross Expense Ratio 3.30%
Net Expense Ratio [further-information] 2.84%
Max Initial Sales Charge 5.50%
CDSC 0.00%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 1-year period

Beta 0.04
Alpha 2.02
Sharpe Ratio 1.71
R-Squared 0.01
Standard Deviation 1.26

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