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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
9.44%0.00%2.39%1.610%568.35 Mil
iMGP Alt Strats Instl
MASFX
9.75%0.27%2.66%1.360%568.35 Mil
Wildermuth Fund Class I
WEIFX
−25.80%−16.49%−8.82%3.040%61.66 Mil
Virtus AlphaSimplex Global Alts R6
GAFNX
9.20%4.18%2.75%1.200%123.31 Mil
Virtus AlphaSimplex Global Alts I
GAFYX
8.98%4.12%2.69%1.250%123.31 Mil
Virtus AlphaSimplex Global Alts C
GAFCX
8.00%3.06%1.66%2.250%123.31 Mil
Virtus AlphaSimplex Global Alts A
GAFAX
8.78%3.85%2.43%1.500%123.31 Mil
Variant Alternative Income Institutional
NICHX
5.62%7.99%8.45%1.570%2.90 Bil
Unlimited HFND Multi-Strgy Ret Trckr ETF
HFND
8.41%1.000%34.08 Mil
T. Rowe Price Multi-Strategy Ttl Ret Inv
TMSRX
8.55%0.55%3.48%1.190%311.10 Mil
T. Rowe Price Multi-Strategy Ttl Ret I
TMSSX
8.76%0.74%3.68%1.050%311.10 Mil
Symmetry Panoramic Alternatives I
SPATX
10.65%8.84%6.80%2.050%7.11 Mil
Strategic Advisers Alternatives
FSLTX
6.12%1.350%2.39 Bil
Stone Ridge Diversified Alternatives J
SRDBX
8.09%8.43%2.400%1.23 Bil
Stone Ridge Diversified Alternatives I
SRDAX
8.51%8.75%2.100%1.23 Bil
Simplify Multi-QIS Alternative ETF
QIS
1.000%115.57 Mil
SEI Multi-Strategy Alternative Y (SIMT)
SMUYX
9.58%2.04%4.20%1.150%279.78 Mil
SEI Multi Strategy Alternatives F (SIMT)
SMSAX
9.29%1.78%3.93%1.400%279.78 Mil
ProShares Hedge Replication
HDG
5.90%0.02%2.71%0.950%28.14 Mil
Principal Global Multi-Strategy R-6
PGLSX
10.76%4.50%4.92%1.420%415.78 Mil
Principal Global Multi-Strategy Instl
PSMIX
10.77%4.47%4.88%1.470%415.78 Mil
Principal Global Multi-Strategy A
PMSAX
10.14%3.98%4.39%1.950%415.78 Mil
PACE Alternative Strategies Y
PASYX
10.40%3.73%4.60%1.720%344.46 Mil
PACE Alternative Strategies P2
PAPTX
10.96%1.000%344.46 Mil
PACE Alternative Strategies P
PASPX
10.45%3.72%4.62%1.720%344.46 Mil

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