Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Longboard Managed Futures Strategy Fund Class A Shares (WAVEX)

12.71
Net Asset Value
-1.10%
1 Day
+11.20%
Year-to-Date
Overall Morningstar Rating
Managed futures
Style or Category
5.75
Sales Expenses
3.25%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks positive absolute returns. The fund seeks to achieve its investment objectives using two principal strategies, a Futures Strategy and a Fixed Income Strategy. To pursue its Futures Strategy, the advisor intends to invest up to 25% of its total assets in the Subsidiary. It generally invests between 70-95% of its assets pursuant to the Fixed Income Strategy and/or in cash and cash equivalents, although the fund reserves the right to invest up to 100% of its assets pursuant to the Fixed Income Strategy and/or in cash and cash equivalents. It is non-diversified.

Performance

1 month-2.23% 3 years--
3 months-1.09% 5 years--
1 year+22.81% Since inception+11.27%
Data through --

Peer Comparisonvs. Managed futures

 WAVEXCategory
Performance 5-yr return--+0.19%
Expense ratio3.25%2.09%
Risk 5 year sharpe ratio--0.20
Net assets$323.5M$391.0M
Average market cap----
Average P/E----
Portfolio turnover0%0%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyLongboard
Fund manager & tenureCole Wilcox / 3 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

Cash90.56%
U.S. stock9.23%
Fixed income0.53%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.

Partner Offers