Longboard Managed Futures Strategy Fund Class A Shares (WAVEX)

12.90
Net Asset Value
-0.54%
1 Day
+12.86%
Year-to-Date
Overall Morningstar Rating
Managed futures
Style or Category
5.75
Sales Expenses
3.25%
Expense Ratio
--
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 fund intends to invest up to 25% of its total assets in the Subsidiary. The fund generally invests between 70-95% of its assets pursuant to the Fixed Income Strategy and/or in cash and cash equivalents, although it 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+0.54% 3 years--
3 months+3.93% 5 years--
1 year+31.20% Since inception+10.87%
Data through --

Peer Comparisonvs. Managed futures

 WAVEXCategory
Performance 5-yr return--+1.74%
Expense ratio3.25%2.06%
Risk 5 year sharpe ratio--0.08
Net assets$259.6M$372.6M
Average market cap----
Average P/E----
Portfolio turnover0%0%

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Fund Management and Purchase Info

Fund familyLongboard
Fund manager & tenureCole Wilcox / 2 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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