Longboard Managed Futures Strategy Fund Class A Shares (WAVEX)

10.58
Net Asset Value
-0.19%
1 Day
-8.48%
Year-to-Date
Overall Morningstar Rating
Managed futures
Style or Category
5.75
Sales Expenses
3.12%
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.

Performance

1 month-6.45% 3 years-1.87%
3 months-4.43% 5 years+4.88%
1 year-0.38% Since inception+3.16%
Data through --

Peer Comparisonvs. Managed futures

 WAVEXCategory
Performance 5-yr return+4.88%+2.12%
Expense ratio3.12%1.95%
Risk 5 year sharpe ratio0.330.16
Net assets$399.2M$514.2M
Average market cap----
Average P/E----
Portfolio turnover0%0%

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Fund Management and Purchase Info

Fund familyLongboard
Fund manager & tenureCole Wilcox / 5 Years
Minimal initial investment$2,500.00
Minimum IRA investment--

Holdings

Cash80.01%
U.S. stock19.99%
International stock0.00%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.