Longboard Alternative Growth Fund (LONGX)
The investment seeks long-term capital appreciation. The fund pursues its investment objective using three principal strategies: an Equity Strategy, a Futures Strategy and a Fixed Income Strategy. Under normal market conditions, the fund's assets are allocated among the three strategies according to the fund's asset allocation model which, consistent with the fund's benchmark, the Morningstar Moderate Target Risk Index, targets exposures generally equivalent to 60% stocks/40% bonds although exposures may vary at the Adviser's discretion. It is non-diversified.
Fund Info
| ISIN | US66538F6943 |
|---|---|
| CUSIP | 66538F694 |
| Issuer | Longboard |
| Inception Date | Mar 15, 2015 |
| Category | Long-Short |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Expense Ratio
LONGX has a high expense ratio of 1.99%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: LONGX vs. DFFVX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Longboard Alternative Growth 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
Longboard Alternative Growth Fund had a return of 21.03% year-to-date (YTD) and 32.48% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 21.03% | 25.70% |
| 1 month | 6.00% | 3.51% |
| 6 months | 11.48% | 14.80% |
| 1 year | 32.48% | 37.91% |
| 5 years (annualized) | 11.62% | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of LONGX, 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 | -0.31% | 5.78% | 3.99% | -4.55% | 3.65% | -1.22% | 5.74% | 0.14% | 0.75% | -0.61% | 21.03% | ||
| 2023 | 1.71% | -0.46% | -3.21% | -0.81% | -1.80% | 6.61% | 1.75% | -1.64% | -3.79% | -3.19% | 5.81% | 5.25% | 5.64% |
| 2022 | -5.41% | -0.47% | 0.56% | -3.86% | 0.28% | -5.29% | 3.17% | -1.53% | -4.75% | 6.83% | 1.71% | -4.46% | -13.17% |
| 2021 | 0.42% | 2.94% | 0.89% | 3.11% | 0.13% | 0.07% | 0.98% | 1.75% | -3.12% | 4.20% | -1.39% | 3.34% | 13.89% |
| 2020 | 5.76% | -13.95% | 8.40% | 6.02% | 2.06% | 1.52% | 6.22% | 3.83% | -1.88% | -2.61% | 6.69% | 4.80% | 27.70% |
| 2019 | -4.09% | 1.39% | 4.31% | 0.40% | 1.61% | 4.35% | 3.89% | 5.38% | -5.54% | -0.18% | 1.47% | 0.63% | 13.82% |
| 2018 | 4.41% | -6.43% | -0.19% | -0.66% | 3.98% | 0.18% | 1.09% | 4.05% | -2.68% | -10.59% | -0.80% | 1.03% | -7.42% |
| 2017 | -1.45% | 4.91% | -0.00% | 2.92% | 1.70% | -0.22% | 1.68% | 0.99% | 2.29% | 6.29% | 3.11% | -73.54% | -67.11% |
| 2016 | -1.60% | -4.68% | 2.03% | -5.12% | 4.19% | 8.88% | -0.87% | -4.80% | -2.16% | -2.94% | 4.98% | 6.57% | 3.27% |
| 2015 | -0.40% | -5.62% | 2.77% | 0.93% | 4.92% | -7.04% | 3.47% | 2.54% | 1.98% | -2.30% | 0.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LONGX is 47, 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 Longboard Alternative Growth Fund (LONGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Longboard Alternative Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.69 | $0.98 | $0.27 | $0.00 | $0.00 | $0.30 | $116.85 | $7.70 | $0.22 |
Dividend yield | 0.00% | 5.40% | 7.64% | 1.72% | 0.00% | 0.00% | 3.10% | 1,074.01% | 23.29% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Longboard Alternative Growth 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 | $0.26 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.69 |
| 2022 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.98 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $116.85 | $116.85 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.70 | $7.70 |
| 2015 | $0.22 | $0.22 |
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 Longboard Alternative Growth 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 Longboard Alternative Growth Fund was 76.91%, occurring on Jan 18, 2019. The portfolio has not yet recovered.
The current Longboard Alternative Growth Fund drawdown is 55.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -76.91% | Nov 30, 2017 | 285 | Jan 18, 2019 | — | — | — |
| -13.78% | Aug 19, 2015 | 170 | Apr 21, 2016 | 169 | Dec 20, 2016 | 339 |
| -7.06% | Mar 23, 2015 | 32 | May 6, 2015 | 46 | Jul 13, 2015 | 78 |
| -6.26% | Mar 2, 2017 | 31 | Apr 13, 2017 | 6 | Apr 24, 2017 | 37 |
| -5.03% | Apr 27, 2017 | 15 | May 17, 2017 | 9 | May 31, 2017 | 24 |
Volatility
Volatility Chart
The current Longboard Alternative Growth Fund volatility is 5.18%, 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.