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 09/08/2015
Fund without Sales Charge (%) (NAV) 3.89 4.86 4.90
Fund with Sales Charge (%) (POP) 3.89 4.86 4.90
HFRX Fixed Income - Credit Index (%) -0.05 2.78 -0.14 3.86 1.27
ICE BofAML US 3-Month Treasury Bill Index (%) 2.31 1.39 0.87 0.49 1.14
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/08/2015
Fund without Sales Charge (%) (NAV) 3.89 4.86 4.90
Fund with Sales Charge (%) (POP) 3.89 4.86 4.90
HFRX Fixed Income - Credit Index (%) -0.05 2.78 -0.14 3.86 1.27
ICE BofAML US 3-Month Treasury Bill Index (%) 2.31 1.39 0.87 0.49 1.14

Calendar Year Returns

2018 2017 2016
Fund without Sales Charge (%) (NAV) 1.39 4.97 8.21
Fund with Sales Charge (%) (POP) 1.39 4.97 8.21
HFRX Fixed Income - Credit Index (%) -2.55 3.87 4.97
ICE BofAML US 3-Month Treasury Bill Index (%) 1.87 0.86 0.33

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 09/08/2015
Fund without Sales Charge (%) (NAV) 3.75 3.89 15.29 20.02
Fund with Sales Charge (%) (POP) 3.75 3.89 15.29 20.02
HFRX Fixed Income - Credit Index (%) 2.87 -0.05 8.57 -0.71 45.98 4.94
ICE BofAML US 3-Month Treasury Bill Index (%) 1.24 2.31 4.21 4.43 5.00 4.40
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/08/2015
Fund without Sales Charge (%) (NAV) 3.75 3.89 15.29 20.02
Fund with Sales Charge (%) (POP) 3.75 3.89 15.29 20.02
HFRX Fixed Income - Credit Index (%) 2.87 -0.05 8.57 -0.71 45.98 4.94
ICE BofAML US 3-Month Treasury Bill Index (%) 1.24 2.31 4.21 4.43 5.00 4.40

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 2.30 3.22
Fund without Sales Charge (%) (NAV) After Shares Sold 2.37 3.01
Fund with Sales Charge (%) (POP) Before Shares Sold 2.30 3.22
Fund with Sales Charge (%) (POP) After Shares Sold 2.37 3.01
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.30 3.22
Fund without Sales Charge (%) (NAV) After Shares Sold 2.37 3.01
Fund with Sales Charge (%) (POP) Before Shares Sold 2.30 3.22
Fund with Sales Charge (%) (POP) After Shares Sold 2.37 3.01

SALES CHARGE, EXPENSES & FEES As of 10/01/2018 (updated annually)

Management Fee 1.90%
Dividend Expense and Borrowing Fees for Securities Sold Short 0.89%
Additional Expenses 0.55%
Gross Expense Ratio 3.34%
Net Expense Ratio [further-information] 2.86%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2019 Updated Monthly, based on a 1-year period

Beta 0.01
Alpha 3.45
Sharpe Ratio 2.80
R-Squared 0.00
Standard Deviation 1.25

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

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