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

Month EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 2.88 4.09 2.57 3.67
Fund with Sales Charge (%) (POP) -2.82 2.14 1.41 2.65
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
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) 2.88 4.09 2.57 3.67
Fund with Sales Charge (%) (POP) -2.82 2.14 1.41 2.65
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) -2.36 6.57 1.68 -0.12 4.88
Fund with Sales Charge (%) (POP) -7.74 0.41 -4.18 -5.86 -1.12
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 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 6.39 2.88 12.78 13.54 22.88
Fund with Sales Charge (%) (POP) 0.52 -2.82 6.55 7.27 16.14
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
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) 6.39 2.88 12.78 13.54 22.88
Fund with Sales Charge (%) (POP) 0.52 -2.82 6.55 7.27 16.14
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 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.32 3.68 2.17
Fund without Sales Charge (%) (NAV) After Shares Sold 2.06 3.04 1.86
Fund with Sales Charge (%) (POP) Before Shares Sold -3.35 1.73 1.01
Fund with Sales Charge (%) (POP) After Shares Sold -1.34 1.54 0.96
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.32 3.68 2.17
Fund without Sales Charge (%) (NAV) After Shares Sold 2.06 3.04 1.86
Fund with Sales Charge (%) (POP) Before Shares Sold -3.35 1.73 1.01
Fund with Sales Charge (%) (POP) After Shares Sold -1.34 1.54 0.96

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 0.53%
Gross Expense Ratio 2.82%
Net Expense Ratio [further-information] 2.61%
Max Initial Sales Charge 5.50%
CDSC 0.00%

Volatility Measures [further-information] As of 06/30/2019 Updated Monthly, based on a 3-year period

Beta 0.27
Alpha -0.71
Sharpe Ratio 0.78
Correlation 0.92
R-Squared 0.85
Standard Deviation 3.49

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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