Longboard Managed Futures Strategy Fund Class A Shares (WAVEX)

12.48
Net Asset Value
+0.24%
1 Day
+9.19%
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+3.14% 3 years--
3 months+15.95% 5 years--
1 year+27.77% Since inception+10.10%
Data through --

Peer Comparisonvs. Managed futures

 WAVEXCategory
Performance 5-yr return---0.39%
Expense ratio3.25%2.07%
Risk 5 year sharpe ratio--0.20
Net assets$190.8M$310.9M
Average market cap--$113.7B
Average P/E--17.4
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

Cash93.74%
U.S. stock3.35%
Fixed income2.92%
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.

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