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
| 8.36% | −0.26% | 2.31% | 1.610% | 561.41 Mil | |
| iMGP Alt Strats Instl
MASFX
| 8.73% | −0.03% | 2.56% | 1.360% | 561.41 Mil | |
| Wildermuth Fund Class I
WEIFX
| — | −25.87% | −16.51% | −8.79% | 3.040% | 61.66 Mil |
| Virtus AlphaSimplex Global Alts R6
GAFNX
| 8.07% | 3.53% | 2.53% | 1.200% | 122.77 Mil | |
| Virtus AlphaSimplex Global Alts I
GAFYX
| 8.06% | 3.47% | 2.51% | 1.250% | 122.77 Mil | |
| Virtus AlphaSimplex Global Alts C
GAFCX
| 6.99% | 2.46% | 1.48% | 2.250% | 122.77 Mil | |
| Virtus AlphaSimplex Global Alts A
GAFAX
| 7.73% | 3.23% | 2.25% | 1.500% | 122.77 Mil | |
| Variant Alternative Income Institutional
NICHX
| — | 5.68% | 8.06% | 8.50% | 1.570% | 2.88 Bil |
| Unlimited HFND Multi-Strgy Ret Trckr ETF
HFND
| — | 7.30% | — | — | 1.000% | 34.25 Mil |
| T. Rowe Price Multi-Strategy Ttl Ret Inv
TMSRX
| 7.77% | 0.23% | 3.51% | 1.190% | 310.32 Mil | |
| T. Rowe Price Multi-Strategy Ttl Ret I
TMSSX
| 7.97% | 0.42% | 3.70% | 1.050% | 310.32 Mil | |
| Symmetry Panoramic Alternatives I
SPATX
| 11.33% | 8.56% | 6.98% | 2.050% | 7.13 Mil | |
| Strategic Advisers Alternatives
FSLTX
| — | 5.79% | — | — | 1.350% | 2.42 Bil |
| Stone Ridge Diversified Alternatives J
SRDBX
| 8.87% | 8.60% | — | 2.400% | 1.23 Bil | |
| Stone Ridge Diversified Alternatives I
SRDAX
| 9.09% | 8.88% | — | 2.100% | 1.23 Bil | |
| Simplify Multi-QIS Alternative ETF
QIS
| — | — | — | — | 1.000% | 114.94 Mil |
| SEI Multi-Strategy Alternative Y (SIMT)
SMUYX
| 8.68% | 1.44% | 4.07% | 1.150% | 278.56 Mil | |
| SEI Multi Strategy Alternatives F (SIMT)
SMSAX
| 8.39% | 1.18% | 3.81% | 1.400% | 278.56 Mil | |
| ProShares Hedge Replication
HDG
| 5.59% | −0.50% | 2.72% | 0.950% | 28.14 Mil | |
| Principal Global Multi-Strategy R-6
PGLSX
| 9.66% | 3.92% | 4.81% | 1.420% | 412.52 Mil | |
| Principal Global Multi-Strategy Instl
PSMIX
| 9.57% | 3.86% | 4.75% | 1.470% | 412.52 Mil | |
| Principal Global Multi-Strategy A
PMSAX
| 9.03% | 3.39% | 4.27% | 1.950% | 412.52 Mil | |
| PACE Alternative Strategies Y
PASYX
| 9.49% | 3.33% | 4.61% | 1.720% | 343.74 Mil | |
| PACE Alternative Strategies P2
PAPTX
| 10.03% | — | — | 1.000% | 343.74 Mil | |
| PACE Alternative Strategies P
PASPX
| 9.44% | 3.31% | 4.59% | 1.720% | 343.74 Mil |