Average Annual Total Returns [further-information] As of 03/31/2019

Month EndAs of 05/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 1.70 3.96 2.79 3.71
Fund with Sales Charge (%) (POP) 1.70 3.96 2.79 3.71
HFRX Global Hedge Fund Index (%) -4.01 1.53 -0.32 1.22 0.20
ICE BofAML US 3-Month Treasury Bill Index (%) 2.26 1.32 0.83 0.47 0.75
Quarter EndAs of 03/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/11/2013
Fund without Sales Charge (%) (NAV) 2.24 4.42 2.87 3.83
Fund with Sales Charge (%) (POP) 2.24 4.42 2.87 3.83
HFRX Global Hedge Fund Index (%) -3.32 1.95 -0.30 1.74 0.27
ICE BofAML US 3-Month Treasury Bill Index (%) 2.12 1.19 0.75 0.43 0.69

Calendar Year Returns

2018 2017 2016 2015 2014
Fund without Sales Charge (%) (NAV) -2.01 6.83 2.10 0.24 5.25
Fund with Sales Charge (%) (POP) -2.01 6.83 2.10 0.24 5.25
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 03/31/2019

Month EndAs of 05/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 4.52 1.70 12.35 14.76 22.82
Fund with Sales Charge (%) (POP) 4.52 1.70 12.35 14.76 22.82
HFRX Global Hedge Fund Index (%) 2.22 -4.01 4.66 -1.57 12.94 1.11
ICE BofAML US 3-Month Treasury Bill Index (%) 1.02 2.26 4.02 4.21 4.78 4.28
Quarter EndAs of 03/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) 4.52 2.24 13.85 15.20 22.82
Fund with Sales Charge (%) (POP) 4.52 2.24 13.85 15.20 22.82
HFRX Global Hedge Fund Index (%) 2.60 -3.32 5.96 -1.48 18.81 1.48
ICE BofAML US 3-Month Treasury Bill Index (%) 0.60 2.12 3.63 3.78 4.39 3.84

After-Tax Average Annual Total Returns [further-information] As of 03/31/2019

Month EndAs of 05/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.15 3.45 2.29
Fund without Sales Charge (%) (NAV) After Shares Sold 1.37 2.91 2.00
Fund with Sales Charge (%) (POP) Before Shares Sold 1.15 3.45 2.29
Fund with Sales Charge (%) (POP) After Shares Sold 1.37 2.91 2.00
Quarter EndAs of 03/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.68 3.91 2.37
Fund without Sales Charge (%) (NAV) After Shares Sold 1.69 3.27 2.06
Fund with Sales Charge (%) (POP) Before Shares Sold 1.68 3.91 2.37
Fund with Sales Charge (%) (POP) After Shares Sold 1.69 3.27 2.06

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 0.20%
Gross Expense Ratio 2.49%
Net Expense Ratio [further-information] 2.28%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 05/31/2019 Updated Monthly, based on a 3-year period

Beta 0.27
Alpha -0.22
Sharpe Ratio 0.78
Correlation 0.91
R-Squared 0.83
Standard Deviation 3.40

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

You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download a free version from Adobe's website.