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
| 8.26% | −0.31% | 2.28% | 1.610% | 566.13 Mil | |
| iMGP Alt Strats Instl
MASFX
| 8.66% | −0.04% | 2.56% | 1.360% | 566.13 Mil | |
| Wildermuth Fund Class I
WEIFX
| — | −26.09% | −16.48% | −8.61% | 3.040% | 61.66 Mil |
| Virtus AlphaSimplex Global Alts R6
GAFNX
| 6.51% | 3.88% | 2.70% | 1.200% | 125.48 Mil | |
| Virtus AlphaSimplex Global Alts I
GAFYX
| 6.30% | 3.82% | 2.65% | 1.250% | 125.48 Mil | |
| Virtus AlphaSimplex Global Alts C
GAFCX
| 5.28% | 2.80% | 1.64% | 2.250% | 125.48 Mil | |
| Virtus AlphaSimplex Global Alts A
GAFAX
| 6.14% | 3.58% | 2.39% | 1.500% | 125.48 Mil | |
| Variant Alternative Income Institutional
NICHX
| — | 5.57% | 8.00% | 8.57% | 1.570% | 2.89 Bil |
| Unlimited HFND Multi-Strgy Ret Trckr ETF
HFND
| — | 6.90% | — | — | 1.000% | 34.28 Mil |
| T. Rowe Price Multi-Strategy Ttl Ret Inv
TMSRX
| 7.99% | 0.29% | 3.51% | 1.190% | 310.03 Mil | |
| T. Rowe Price Multi-Strategy Ttl Ret I
TMSSX
| 8.08% | 0.42% | 3.68% | 1.050% | 310.03 Mil | |
| Symmetry Panoramic Alternatives I
SPATX
| 11.96% | 8.68% | 6.87% | 2.050% | 7.09 Mil | |
| Strategic Advisers Alternatives
FSLTX
| — | 5.36% | — | — | 1.350% | 2.42 Bil |
| Stone Ridge Diversified Alternatives J
SRDBX
| 9.25% | 8.77% | — | 2.400% | 1.23 Bil | |
| Stone Ridge Diversified Alternatives I
SRDAX
| 9.67% | 9.12% | — | 2.100% | 1.23 Bil | |
| Simplify Multi-QIS Alternative ETF
QIS
| — | — | — | — | 1.000% | 115.05 Mil |
| SEI Multi-Strategy Alternative Y (SIMT)
SMUYX
| 7.90% | 1.13% | 3.94% | 1.150% | 277.63 Mil | |
| SEI Multi Strategy Alternatives F (SIMT)
SMSAX
| 7.60% | 0.90% | 3.70% | 1.400% | 277.63 Mil | |
| ProShares Hedge Replication
HDG
| 4.72% | −0.10% | 2.77% | 0.950% | 28.27 Mil | |
| Principal Global Multi-Strategy R-6
PGLSX
| 9.36% | 4.24% | 4.83% | 1.420% | 410.51 Mil | |
| Principal Global Multi-Strategy Instl
PSMIX
| 9.27% | 4.15% | 4.78% | 1.470% | 410.51 Mil | |
| Principal Global Multi-Strategy A
PMSAX
| 8.83% | 3.68% | 4.27% | 1.950% | 410.51 Mil | |
| PACE Alternative Strategies Y
PASYX
| 8.78% | 3.51% | 4.59% | 1.720% | 343.73 Mil | |
| PACE Alternative Strategies P2
PAPTX
| 9.21% | — | — | 1.000% | 343.73 Mil | |
| PACE Alternative Strategies P
PASPX
| 8.82% | 3.53% | 4.61% | 1.720% | 343.73 Mil |