Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/08/2015
Fund without Sales Charge (%) (NAV) -6.13 0.23 2.33
Fund with Sales Charge (%) (POP) -6.13 0.23 2.33
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/08/2015
Fund without Sales Charge (%) (NAV) -6.13 0.23 2.33
Fund with Sales Charge (%) (POP) -6.13 0.23 2.33

Calendar Year Returns

2019 2018 2017 2016
Fund without Sales Charge (%) (NAV) 5.55 1.39 4.97 8.21
Fund with Sales Charge (%) (POP) 5.55 1.39 4.97 8.21
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 03/31/2020

Month EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/08/2015
Fund without Sales Charge (%) (NAV) -9.05 -6.13 0.70 11.06
Fund with Sales Charge (%) (POP) -9.05 -6.13 0.70 11.06
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/08/2015
Fund without Sales Charge (%) (NAV) -9.05 -6.13 0.70 11.06
Fund with Sales Charge (%) (POP) -9.05 -6.13 0.70 11.06

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -7.25 -1.15
Fund without Sales Charge (%) (NAV) After Shares Sold -3.56 -0.34
Fund with Sales Charge (%) (POP) Before Shares Sold -7.25 -1.15
Fund with Sales Charge (%) (POP) After Shares Sold -3.56 -0.34
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -7.25 -1.15
Fund without Sales Charge (%) (NAV) After Shares Sold -3.56 -0.34
Fund with Sales Charge (%) (POP) Before Shares Sold -7.25 -1.15
Fund with Sales Charge (%) (POP) After Shares Sold -3.56 -0.34

SALES CHARGE, EXPENSES & FEES As of 03/01/2020 (updated annually)

Management Fee 1.60%
Dividend Expense and Borrowing Fees for Securities Sold Short 0.62%
Additional Expenses 0.53%
Gross Expense Ratio 2.75%
Net Expense Ratio [further-information] 2.29%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 1-year period

Beta 0.64
Alpha -2.42
Sharpe Ratio -0.24
R-Squared 0.16
Standard Deviation 6.20

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