FS Multi-Strategy Alternatives Fund (FSMSX)
The fund seeks to achieve its investment objective by actively allocating its assets across a broad spectrum of alternative investment strategies. It will seek to provide exposure to alternative strategies with low correlation to equity and fixed income markets, which can enhance portfolio diversification. The strategy will be implemented through a rigorous quantitative and qualitative process intended to select high quality Underlying Managers and Alternative Beta Strategies.
Fund Info
| ISIN | US00775Y5950 |
|---|---|
| CUSIP | 302691209 |
| Issuer | FS Investments |
| Inception Date | May 15, 2017 |
| Category | Multistrategy |
| Min. Investment | $1,000,000 |
| Asset Class | Alternatives |
Expense Ratio
FSMSX has a high expense ratio of 1.89%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FSMSX vs. ^GSPC, FSMSX vs. CSQIX, FSMSX vs. QDSIX, FSMSX vs. SRDAX, FSMSX vs. GAFYX, FSMSX vs. QIS, FSMSX vs. FSMDX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FS Multi-Strategy Alternatives 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
FS Multi-Strategy Alternatives Fund had a return of 3.57% year-to-date (YTD) and 3.88% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.57% | 25.48% |
| 1 month | 0.62% | 2.14% |
| 6 months | 0.44% | 12.76% |
| 1 year | 3.88% | 33.14% |
| 5 years (annualized) | 4.39% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FSMSX, 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 | 0.64% | 0.82% | 0.81% | 0.27% | 0.71% | -0.44% | 1.60% | -1.49% | 0.53% | -0.62% | 3.57% | ||
| 2023 | 1.31% | 0.09% | 0.28% | 0.46% | -0.37% | 0.64% | 0.82% | 0.18% | 0.27% | 0.72% | 0.80% | 0.12% | 5.44% |
| 2022 | 1.11% | -0.64% | 0.64% | 0.37% | 0.55% | -0.91% | 0.64% | -0.82% | -1.19% | 1.85% | 1.36% | 0.20% | 3.17% |
| 2021 | 1.12% | 2.42% | 3.35% | 1.14% | 0.85% | -0.28% | -0.09% | 0.56% | -0.00% | 1.59% | 0.55% | 2.00% | 13.97% |
| 2020 | -0.19% | -2.35% | -3.10% | 0.10% | 0.62% | -0.41% | 2.57% | 0.20% | 0.40% | -1.30% | -0.81% | 0.67% | -3.66% |
| 2019 | 1.65% | 1.82% | 0.89% | 1.18% | 0.68% | 1.55% | 0.38% | 0.95% | -0.85% | -0.19% | -0.76% | 0.24% | 7.77% |
| 2018 | 0.49% | -1.76% | 0.80% | -0.10% | -0.20% | -0.30% | 0.40% | -2.57% | -0.51% | -1.22% | 0.21% | 0.10% | -4.61% |
| 2017 | 0.70% | 0.20% | -0.10% | 0.50% | -0.89% | 1.10% | 0.30% | 0.10% | 1.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FSMSX is 32, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FS Multi-Strategy Alternatives Fund (FSMSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FS Multi-Strategy Alternatives Fund provided a 3.44% dividend yield over the last twelve months, with an annual payout of $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.39 | $0.32 | $0.35 | $0.08 | $0.23 |
Dividend yield | 3.44% | 3.57% | 2.97% | 3.22% | 0.77% | 2.20% |
Monthly Dividends
The table displays the monthly dividend distributions for FS Multi-Strategy Alternatives 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2019 | $0.23 | $0.23 |
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 FS Multi-Strategy Alternatives 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 FS Multi-Strategy Alternatives Fund was 9.41%, occurring on Mar 23, 2020. Recovery took 244 trading sessions.
The current FS Multi-Strategy Alternatives Fund drawdown is 0.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.41% | Sep 5, 2019 | 138 | Mar 23, 2020 | 244 | Mar 11, 2021 | 382 |
| -7.28% | Jan 29, 2018 | 229 | Dec 24, 2018 | 106 | May 29, 2019 | 335 |
| -2.8% | Jun 10, 2022 | 75 | Sep 27, 2022 | 40 | Nov 22, 2022 | 115 |
| -2.18% | Feb 11, 2022 | 12 | Mar 1, 2022 | 36 | Apr 21, 2022 | 48 |
| -2.02% | Aug 1, 2024 | 4 | Aug 6, 2024 | — | — | — |
Volatility
Volatility Chart
The current FS Multi-Strategy Alternatives Fund volatility is 0.83%, 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.