Longboard Managed Futures Strategy Fund Class I Shares (WAVIX)

10.36
Net Asset Value
-0.48%
1 Day
+2.07%
Year-to-Date
Overall Morningstar Rating
Managed futures
Style or Category
No Load
Sales Expenses
3.07%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks positive absolute returns. The fund employs a trend following strategy (identifying opportunities as prices trend up and down) similar in general concept to the managed futures industry at large. The advisor will consider a variety of exchange traded futures contracts and forward contracts. The subsidiary's holdings will generally be diversified across the equities, energies, interest rates, grains, meats, soft commodities, currencies, and metals sectors; and will also be diversified across North America, Asia, Europe, Australia, and potentially Africa and South America. It is non-diversified.

Performance

1 month+3.79% 3 years--
3 months+1.76% 5 years--
1 year+8.68% Since inception+2.74%
Data through --

Peer Comparisonvs. Managed futures

 WAVIXCategory
Performance 5-yr return---1.88%
Expense ratio3.07%2.10%
Risk 5 year sharpe ratio---0.26
Net assets$109.9M$259.9M
Average market cap----
Average P/E----
Portfolio turnover0%0%

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Fund Management and Purchase Info

Fund familyLongboard
Fund manager & tenureJill King / 2 Years
Minimal initial investment$10,000.00
Minimum IRA investment$10,000.00

Holdings

Cash94.20%
U.S. stock4.48%
Fixed income1.07%
International stock0.25%
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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