Longboard Managed Futures Strategy Fund (WAVIX)
The investment seeks positive absolute returns. The fund seeks to achieve its investment objectives using two principal strategies, a Futures Strategy and a Fixed Income Strategy. To pursue its Futures Strategy, the advisor intends to invest up to 25% of its total assets in the Subsidiary. It generally invests between 70-95% of its assets pursuant to the Fixed Income Strategy and/or in cash and cash equivalents, although the fund reserves the right to invest up to 100% of its assets pursuant to the Fixed Income Strategy and/or in cash and cash equivalents.
Fund Info
US66538A4224
66538A422
Jun 26, 2012
$10,000
Expense Ratio
WAVIX has a high expense ratio of 2.99%, 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 Longboard Managed Futures Strategy 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
WAVIX
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^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of WAVIX, 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 | 2.23% | 3.74% | 1.50% | 7.64% | |||||||||
| 2023 | -1.69% | 1.62% | -0.90% | 2.31% | 1.08% | 1.84% | -0.86% | -0.58% | 0.29% | 0.77% | -1.53% | -3.23% | -1.02% |
| 2022 | 0.42% | 1.46% | 4.11% | 4.74% | -0.47% | 1.33% | -3.64% | 3.49% | 3.65% | -1.18% | -5.21% | 0.04% | 8.52% |
| 2021 | 0.96% | 3.16% | -0.41% | 3.89% | 1.58% | -2.14% | -1.09% | 0.00% | -0.60% | 1.92% | -3.76% | 2.01% | 5.37% |
| 2020 | 3.56% | -6.17% | 6.46% | -1.42% | -2.26% | -2.42% | -0.43% | -0.22% | -3.03% | -1.01% | 3.05% | 6.07% | 1.40% |
| 2019 | -12.38% | -2.07% | 3.00% | 2.26% | -1.48% | 0.11% | 4.92% | 6.41% | -5.84% | -3.66% | 1.79% | -1.04% | -9.05% |
| 2018 | 8.02% | -10.51% | -2.38% | 2.17% | -4.96% | 1.21% | 0.74% | 4.11% | -2.46% | -5.75% | -4.39% | 4.83% | -10.38% |
| 2017 | 1.26% | 2.96% | 0.56% | -1.02% | 0.47% | -2.14% | 2.66% | 1.48% | -0.45% | 4.03% | -0.62% | 3.72% | 13.46% |
| 2016 | 2.78% | 1.48% | -8.59% | -5.45% | -0.10% | 8.66% | 0.92% | -2.00% | 1.39% | -3.74% | -0.85% | -1.15% | -7.44% |
| 2015 | 5.83% | 3.29% | 2.95% | -2.24% | 2.69% | -4.01% | 5.14% | -3.36% | 1.26% | -4.29% | 3.26% | -1.32% | 8.81% |
| 2014 | -3.55% | 1.84% | -1.90% | 2.25% | 1.10% | 1.78% | -1.26% | 3.84% | 0.19% | -1.23% | 7.95% | 3.40% | 14.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WAVIX is 44, 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 Longboard Managed Futures Strategy Fund (WAVIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Longboard Managed Futures Strategy 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 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.56 | $0.29 | $0.36 | $0.26 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $0.16 |
Dividend yield | 0.00% | 5.95% | 2.89% | 3.76% | 2.78% | 0.00% | 0.04% | 0.00% | 0.00% | 12.19% | 1.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Longboard Managed Futures Strategy 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 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 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 | $0.00 | $0.00 |
| 2017 | $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 |
| 2016 | $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 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.36 |
| 2014 | $0.16 | $0.16 |
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 Managed Futures Strategy 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 Managed Futures Strategy Fund was 31.61%, occurring on Sep 24, 2020. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.61% | Jan 25, 2018 | 672 | Sep 24, 2020 | — | — | — |
| -18.57% | Jan 21, 2016 | 67 | Apr 26, 2016 | 433 | Jan 12, 2018 | 500 |
| -14.26% | Feb 20, 2013 | 162 | Oct 9, 2013 | 224 | Aug 29, 2014 | 386 |
| -10.28% | Apr 14, 2015 | 126 | Oct 9, 2015 | 67 | Jan 15, 2016 | 193 |
| -5.33% | Sep 5, 2014 | 39 | Oct 29, 2014 | 11 | Nov 13, 2014 | 50 |
Volatility
Volatility Chart
The current Longboard Managed Futures Strategy Fund volatility is 1.26%, 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.