Multi-Strategy Funds
Multi-strategy funds offer investors exposure to two or more alternative investment strategies, as defined by Morningstar’s alternative category classifications, through either a single-manager or multi-manager approach. Funds in this category typically have a majority of their assets exposed to alternative strategies, but at a minimum, alternatives must comprise greater than 30% of the strategy’s gross exposure. Multi-strategy funds typically aim to have low to modest sensitivity to traditional market indexes, although that may not be the case for strategies with lower alternatives allocations.
Name
|
Morningstar Rating for Funds
Overall
|
Total Return
1 Year
|
Total Return
3 Year
|
Total Return
5 Year
|
Adjusted Expense Ratio
|
Fund Size
|
---|---|---|---|---|---|---|
iMGP Alt Strats Inv
MASNX
| 8.61% | −0.20% | 2.31% | 1.610% | 566.70 Mil | |
iMGP Alt Strats Instl
MASFX
| 8.81% | 0.03% | 2.56% | 1.360% | 566.70 Mil | |
Wildermuth Fund Class I
WEIFX
| — | −25.87% | −16.49% | −8.82% | 3.040% | 61.66 Mil |
Virtus AlphaSimplex Global Alts R6
GAFNX
| 7.84% | 3.63% | 2.59% | 1.200% | 122.83 Mil | |
Virtus AlphaSimplex Global Alts I
GAFYX
| 7.74% | 3.54% | 2.53% | 1.250% | 122.83 Mil | |
Virtus AlphaSimplex Global Alts C
GAFCX
| 6.75% | 2.54% | 1.53% | 2.250% | 122.83 Mil | |
Virtus AlphaSimplex Global Alts A
GAFAX
| 7.51% | 3.30% | 2.27% | 1.500% | 122.83 Mil | |
Variant Alternative Income Institutional
NICHX
| — | 5.61% | 7.99% | 8.45% | 1.570% | 2.89 Bil |
Unlimited HFND Multi-Strgy Ret Trckr ETF
HFND
| — | 7.13% | — | — | 1.000% | 34.25 Mil |
T. Rowe Price Multi-Strategy Ttl Ret Inv
TMSRX
| 7.77% | 0.29% | 3.42% | 1.190% | 310.54 Mil | |
T. Rowe Price Multi-Strategy Ttl Ret I
TMSSX
| 7.85% | 0.45% | 3.57% | 1.050% | 310.54 Mil | |
Symmetry Panoramic Alternatives I
SPATX
| 11.04% | 8.52% | 6.85% | 2.050% | 7.14 Mil | |
Strategic Advisers Alternatives
FSLTX
| — | 5.68% | — | — | 1.350% | 2.39 Bil |
Stone Ridge Diversified Alternatives J
SRDBX
| 8.67% | 8.60% | — | 2.400% | 1.23 Bil | |
Stone Ridge Diversified Alternatives I
SRDAX
| 8.99% | 8.92% | — | 2.100% | 1.23 Bil | |
Simplify Multi-QIS Alternative ETF
QIS
| — | — | — | — | 1.000% | 114.98 Mil |
SEI Multi-Strategy Alternative Y (SIMT)
SMUYX
| 8.79% | 1.58% | 4.07% | 1.150% | 277.84 Mil | |
SEI Multi Strategy Alternatives F (SIMT)
SMSAX
| 8.38% | 1.31% | 3.81% | 1.400% | 277.84 Mil | |
ProShares Hedge Replication
HDG
| 5.14% | −0.45% | 2.63% | 0.950% | 28.10 Mil | |
Principal Global Multi-Strategy R-6
PGLSX
| 9.54% | 3.96% | 4.79% | 1.420% | 413.05 Mil | |
Principal Global Multi-Strategy Instl
PSMIX
| 9.55% | 3.93% | 4.75% | 1.470% | 413.05 Mil | |
Principal Global Multi-Strategy A
PMSAX
| 9.01% | 3.43% | 4.25% | 1.950% | 413.05 Mil | |
PACE Alternative Strategies Y
PASYX
| 9.18% | 3.27% | 4.49% | 1.720% | 343.36 Mil | |
PACE Alternative Strategies P2
PAPTX
| 9.72% | — | — | 1.000% | 343.36 Mil | |
PACE Alternative Strategies P
PASPX
| 9.22% | 3.28% | 4.50% | 1.720% | 343.36 Mil |