Longboard Managed Futures Strategy Fund Class I Shares (WAVIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Managed futures
Style or Category
No Load
Sales Expenses
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.


1 month-3.00% 3 years-0.15%
3 months-0.26% 5 years+4.24%
1 year+3.85% Since inception+4.67%
Data through --

Peer Comparisonvs. Managed futures

Performance 5-yr return+4.24%+3.26%
Expense ratio2.87%1.95%
Risk 5 year sharpe ratio0.430.23
Net assets$452.0M$534.5M
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--


U.S. stock18.94%
International stock0.00%
Fixed income0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.