Morningstar Alternatives Fund (MSTVX)
The investment seeks long-term capital appreciation and low sensitivity to traditional U.S. asset classes. In seeking long-term capital appreciation and low sensitivity to traditional U.S. asset classes, the fund allocates assets to strategies that provide alternative sources of return including (i) long/short macro strategies; (ii) long/short alpha strategies; (iii) merger arbitrage strategy; and (iv) convertible arbitrage strategy. It will normally invest in both U.S. and non-U.S. securities, including securities of companies located in emerging markets. The fund may invest in non-U.S. dollar denominated investments.
Fund Info
US6176978830
Nov 1, 2018
$0
Expense Ratio
MSTVX has a high expense ratio of 1.15%, indicating above-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Morningstar Alternatives Fund (MSTVX) returned 2.71% year-to-date (YTD) and 7.43% over the past 12 months.
MSTVX
2.71%
0.28%
2.21%
7.43%
5.23%
4.45%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of MSTVX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.26% | 1.34% | -0.19% | -0.00% | 0.28% | 2.71% | |||||||
| 2024 | 0.50% | 0.10% | 1.59% | -0.88% | 0.39% | 0.69% | 1.47% | 1.54% | 0.85% | -0.28% | 0.75% | -0.49% | 6.37% |
| 2023 | 1.13% | -0.30% | -0.41% | 0.21% | -0.72% | 1.03% | 1.33% | 0.70% | 0.20% | -0.70% | 2.31% | 1.93% | 6.85% |
| 2022 | -0.77% | -0.78% | 0.00% | -0.98% | -0.00% | -1.78% | 1.51% | -0.10% | -1.79% | 1.11% | 0.70% | 0.21% | -2.68% |
| 2021 | 0.86% | 0.00% | 0.76% | 0.75% | 0.56% | 0.19% | -0.37% | 0.28% | -0.19% | 0.46% | -0.18% | 1.01% | 4.20% |
| 2020 | 0.58% | -0.19% | -5.38% | 2.74% | 1.28% | 1.17% | 1.45% | 0.67% | -0.19% | -0.00% | 1.04% | 0.79% | 3.80% |
| 2019 | 0.60% | 0.30% | 0.10% | 0.30% | 0.20% | 0.79% | 0.98% | -0.00% | 0.29% | 0.58% | 0.58% | 0.96% | 5.82% |
| 2018 | -0.20% | 0.15% | -0.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 97, MSTVX is among the top 3% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Morningstar Alternatives Fund (MSTVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
Morningstar Alternatives Fund provided a 2.99% dividend yield over the last twelve months, with an annual payout of $0.32 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.32 | $0.39 | $0.38 | $0.52 | $0.30 | $0.18 | $0.03 |
Dividend yield | 2.99% | 3.07% | 3.86% | 3.92% | 4.99% | 2.91% | 1.74% | 0.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Morningstar 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $0.32 | $0.32 |
| 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 | $0.38 | $0.38 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2020 | $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 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2018 | $0.03 | $0.03 |
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.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the Morningstar 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 Morningstar Alternatives Fund was 8.02%, occurring on Mar 18, 2020. Recovery took 86 trading sessions.
The current Morningstar Alternatives Fund drawdown is 0.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.02% | Feb 21, 2020 | 19 | Mar 18, 2020 | 86 | Jul 21, 2020 | 105 |
| -4.64% | Dec 30, 2021 | 117 | Jun 16, 2022 | 301 | Aug 29, 2023 | 418 |
| -1.79% | Mar 4, 2025 | 25 | Apr 7, 2025 | 24 | May 12, 2025 | 49 |
| -1.08% | Apr 4, 2024 | 9 | Apr 16, 2024 | 41 | Jun 13, 2024 | 50 |
| -1.03% | Dec 9, 2024 | 9 | Dec 19, 2024 | 17 | Jan 16, 2025 | 26 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...