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) 2.02 3.32 1.83 2.93
Fund with Sales Charge (%) (POP) 1.02 3.32 1.83 2.93
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) 2.02 3.32 1.83 2.93
Fund with Sales Charge (%) (POP) 1.02 3.32 1.83 2.93
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) -3.10 5.72 1.04 -0.84 4.20
Fund with Sales Charge (%) (POP) -4.04 4.72 0.04 -1.82 3.20
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) 5.93 2.02 10.28 9.50 17.95
Fund with Sales Charge (%) (POP) 4.93 1.02 10.28 9.50 17.95
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) 5.93 2.02 10.28 9.50 17.95
Fund with Sales Charge (%) (POP) 4.93 1.02 10.28 9.50 17.95
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 1.45 3.06 1.58
Fund without Sales Charge (%) (NAV) After Shares Sold 1.55 2.50 1.35
Fund with Sales Charge (%) (POP) Before Shares Sold 0.45 3.06 1.58
Fund with Sales Charge (%) (POP) After Shares Sold 0.96 2.50 1.35
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.45 3.06 1.58
Fund without Sales Charge (%) (NAV) After Shares Sold 1.55 2.50 1.35
Fund with Sales Charge (%) (POP) Before Shares Sold 0.45 3.06 1.58
Fund with Sales Charge (%) (POP) After Shares Sold 0.96 2.50 1.35

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 1.28%
Gross Expense Ratio 3.57%
Net Expense Ratio [further-information] 3.36%
Max Initial Sales Charge 0.00%
CDSC 1.00%

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

Beta 0.27
Alpha -1.44
Sharpe Ratio 0.56
Correlation 0.93
R-Squared 0.86
Standard Deviation 3.46

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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