Longboard Managed Futures Strategy Fund Class I Shares (WAVIX)

12.54
Net Asset Value
+0.64%
1 Day
+9.14%
Year-to-Date
Overall Morningstar Rating
Managed futures
Style or Category
No Load
Sales Expenses
3.00%
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-4.01% 3 years+8.32%
3 months-3.63% 5 years--
1 year+22.84% Since inception+10.07%
Data through --

Peer Comparisonvs. Managed futures

 WAVIXCategory
Performance 5-yr return--+1.74%
Expense ratio3.00%2.11%
Risk 5 year sharpe ratio--0.12
Net assets$275.1M$382.0M
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$10,000.00
Minimum IRA investment$10,000.00

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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