Multi-Manager Alternative Strategies Fund (CZAMX)
The manager pursues the fund's investment objective by allocating the fund's assets among different asset managers that use multiple investment styles and strategies across different markets. The Investment Manager and the Subadvisers employ a variety of investment strategies, techniques and practices that are designed to seek positive returns, with a low correlation to the performance of the broad equity and fixed income markets over a complete market cycle. The fund may invest in early stage companies and initial public offerings (IPOs).
Fund Info
US19767A6212
Jan 2, 2017
$100
Expense Ratio
CZAMX has a high expense ratio of 1.27%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Multi-Manager Alternative Strategies Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Multi-Manager Alternative Strategies Fund had a return of 0.11% year-to-date (YTD) and 1.99% in the last 12 months.
CZAMX
0.11%
-0.42%
-2.51%
1.99%
2.73%
N/A
^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of CZAMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.33% | 0.99% | 1.85% | -0.32% | 0.75% | -0.53% | 0.53% | -0.85% | 1.39% | -2.64% | 0.98% | -0.42% | 1.99% |
| 2023 | 0.77% | -0.11% | -0.77% | 0.78% | -0.44% | 1.10% | 0.65% | -0.33% | -0.11% | -0.65% | 0.77% | 1.39% | 3.07% |
| 2022 | -0.53% | 0.32% | 2.22% | 0.83% | -0.31% | -0.21% | 0.00% | 1.03% | 0.92% | -0.00% | -1.21% | -0.49% | 2.56% |
| 2021 | 0.10% | 0.84% | 0.31% | 0.93% | 0.82% | -0.71% | -0.72% | -0.10% | 0.00% | 0.62% | -2.05% | 0.80% | 0.80% |
| 2020 | 0.33% | -0.44% | -2.53% | 2.71% | 0.77% | 0.11% | 1.85% | 0.43% | -0.75% | 0.43% | 1.28% | 1.54% | 5.78% |
| 2019 | 0.69% | 0.11% | 1.59% | 1.34% | -0.33% | 0.88% | 0.88% | 1.63% | -0.96% | -0.43% | 0.00% | 0.57% | 6.09% |
| 2018 | 1.09% | -1.73% | -0.55% | -0.44% | -0.44% | 0.22% | 0.11% | 0.89% | -0.33% | -1.77% | -0.45% | 0.23% | -3.16% |
| 2017 | -0.11% | 0.88% | -1.20% | -0.44% | 0.00% | -0.66% | 0.11% | 0.44% | -0.00% | 0.77% | 0.11% | 0.66% | 0.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CZAMX is 49, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Multi-Manager Alternative Strategies Fund (CZAMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Multi-Manager Alternative Strategies Fund provided a 2.11% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.24 | $0.67 | $0.14 | $0.09 | $0.19 | $0.13 |
Dividend yield | 2.11% | 2.12% | 2.60% | 7.46% | 1.44% | 0.89% | 2.11% | 1.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Multi-Manager Alternative Strategies Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2018 | $0.13 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Multi-Manager Alternative Strategies Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Multi-Manager Alternative Strategies Fund was 7.16%, occurring on Mar 23, 2020. Recovery took 77 trading sessions.
The current Multi-Manager Alternative Strategies Fund drawdown is 2.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.16% | Feb 24, 2020 | 21 | Mar 23, 2020 | 77 | Jul 13, 2020 | 98 |
| -5.15% | Jan 29, 2018 | 205 | Nov 16, 2018 | 155 | Jul 3, 2019 | 360 |
| -3.71% | Jun 11, 2021 | 158 | Jan 25, 2022 | 42 | Mar 25, 2022 | 200 |
| -3.59% | Sep 28, 2022 | 116 | Mar 15, 2023 | 190 | Dec 14, 2023 | 306 |
| -3.46% | Mar 2, 2017 | 114 | Aug 11, 2017 | 106 | Jan 12, 2018 | 220 |
Volatility
Volatility Chart
The current Multi-Manager Alternative Strategies Fund volatility is 0.58%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.