Longboard Managed Futures Strategy Fund Class A Shares (WAVEX)

12.84
Net Asset Value
-0.70%
1 Day
+12.34%
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+1.74% 3 years--
3 months-1.53% 5 years--
1 year+26.85% Since inception+9.34%
Data through --

Peer Comparisonvs. Managed futures

 WAVEXCategory
Performance 5-yr return--+0.19%
Expense ratio3.25%2.11%
Risk 5 year sharpe ratio--0.04
Net assets$264.7M$374.5M
Average market cap----
Average P/E----
Portfolio turnover0%0%

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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

Cash94.89%
U.S. stock4.31%
Fixed income0.49%
International stock0.31%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.

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