Longboard Managed Futures Strategy Fund Class I Shares (WAVIX)

11.02
Net Asset Value
-1.25%
1 Day
-5.97%
Year-to-Date
Overall Morningstar Rating
Managed futures
Style or Category
No Load
Sales Expenses
2.87%
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-1.76% 3 years-0.85%
3 months-4.04% 5 years+4.61%
1 year+4.01% Since inception+4.49%
Data through --

Peer Comparisonvs. Managed futures

 WAVIXCategory
Performance 5-yr return+4.61%+2.12%
Expense ratio2.87%1.95%
Risk 5 year sharpe ratio0.380.15
Net assets$425.5M$532.5M
Average market cap----
Average P/E----
Portfolio turnover0%0%

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Fund Management and Purchase Info

Fund familyLongboard
Fund manager & tenureCole Wilcox / 5 Years
Minimal initial investment$10,000.00
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.